September 25, 2019 / 5:39 AM / 21 days ago

CRISIL ratings for Indian debt instruments-Sep 25

    Sep 25 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of September 24, 2019.


COMPANY                                INSTRUMENT          RATING         AMOUNT  MOVEMENT
                                                                        (RS.MLN)
------                                 ----------          ------         -----   ---------
SHORT TERM RATINGS:
-------------------
BSBK Pvt Ltd                            BG                 CRISIL A3      1136.4  Downgraded
                                                                                  from CRISIL
                                                                                  A3+
BSBK Pvt Ltd                            LOC                CRISIL A3      20      Downgraded
                                                                                  from CRISIL
                                                                                  A3+
Cargo Service Center India Pvt Ltd      BG                 CRISIL A3+     110     Reaffirmed
CavinKare Pvt Ltd                       Proposed Non-FBL   CRISIL A1      12.5    Reaffirmed
Chetan Vyas and Associates              BG                 CRISIL A4+     135     Reaffirmed
Cotton Emporium                         Bill Discounting   CRISIL A4+     80      Withdrawn
(Issuer Not Cooperating)
DC Exports                              BG                 CRISIL A4+     250     Reaffirmed
Dynamic Techno Medicals Pvt Ltd         BG                 CRISIL A3+     2.5     Reaffirmed
Dynamic Techno Medicals Pvt Ltd         LOC                CRISIL A3+     5       Reaffirmed
Dynamic Techno Medicals Pvt Ltd         Pre Shipment CreditCRISIL A3+     30      Reaffirmed
Fairways Toll And Security Services Pvt BG                 CRISIL A4      45.7    Assigned
Ltd
Goodwill Fabrics Pvt Ltd                Packing Credit     CRISIL A3      280     Assigned
Guru Raghavendra Infrastructures        BG                 CRISIL A4+     25      Migrated from
                                                                                  CRISIL A4+
(Issuer Not Cooperating)
Guru Raghavendra Infrastructures        Inland/Import LOC  CRISIL A4+     25      Migrated from
                                                                                  CRISIL A4+
(Issuer Not Cooperating)
KLJ Resources Ltd                       Foreign Exchange   CRISIL A1+     98
                                        Forward
KLJ Resources Ltd                       LOC                CRISIL A1+     4000
Krishna Corporation                     BG                 CRISIL A3+     585     Reaffirmed
Krishna Corporation                     Inland/Import LOC  CRISIL A3+     50      Reaffirmed
Krsnaa Diagnostics Pvt Ltd              BG                 CRISIL A3+     334     Assigned
Larsen and Toubro Ltd                   CP                 CRISIL A1+     100000  Reaffirmed
Leather Crafts India Pvt Ltd            Proposed LT Bk     CRISIL A3+     100     Withdrawn
                                        Loan Fac
Leather Crafts India Pvt Ltd            Proposed ST Bk     CRISIL A3+     20      Reaffirmed
                                        Loan Fac
Lion Manpower Solutions Pvt Ltd         BG                 CRISIL A4+     50      Reaffirmed
M/s. Chaitya                            Packing Credit     CRISIL D       261.5   Downgraded
                                                                                  from CRISIL
                                                                                  A4+
M/s. Chaitya                            Proposed LT Bk     CRISIL D       200     Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  A4+
M.I. Alloys Pvt Ltd                     BG                 CRISIL A4+     23      Reaffirmed
MB Ispat Corporation Ltd                BG                 CRISIL A4+     2.5     Assigned
Northern Tannery                        LOC                CRISIL A4+     10      Reaffirmed
Northern Tannery                        Packing Credit in  CRISIL A4+     40      Reaffirmed
                                        Foreign Currency
P.S. Educational and Charitable Trust   Overdraft          CRISIL A4+     15      Reaffirmed
Pokarna Engineered Stone Ltd            Export Packing     CRISIL A3      97.5    Reaffirmed
                                        Credit
Pokarna Engineered Stone Ltd            Foreign Bill       CRISIL A3      75      Reaffirmed
                                        Discounting
Pokarna Engineered Stone Ltd            LOC                CRISIL A3      70      Reaffirmed
Pokarna Engineered Stone Ltd            Packing Credit     CRISIL A3      75      Reaffirmed
Pokarna Ltd                             Foreign            CRISIL A3      200     Reaffirmed
                                        Documentary Bills
                                        Purchase
Pokarna Ltd                             LOC                CRISIL A3      105     Reaffirmed
Pon Pure Chemical India Pvt Ltd         LOC                CRISIL A2      3440    Reaffirmed
Pon Pure Chemical India Pvt Ltd         Proposed LOC       CRISIL A2      500     Reaffirmed
Rane (Madras) Ltd                       Proposed ST Bk     CRISIL A1      510     Reaffirmed
                                        Loan Fac
Rane (Madras) Ltd                       ST Bk Fac          CRISIL A1      2250    Reaffirmed
Rane (Madras) Ltd                       CP                 CRISIL A1      400     Reaffirmed
Rane Engine Valve Ltd                   Non-FBL            CRISIL A2      50      Reaffirmed
ReNew Wind Energy (AP) Pvt Ltd          ST Loan            CRISIL A1      1500    Reaffirmed
Robust Hotels Pvt Ltd                   BG                 CRISIL A4+     61.2    Reaffirmed
Shree Balaji Aromatics Pvt Ltd          Foreign Bill       CRISIL A4+     50      Reaffirmed
                                        Purchase
Shree Balaji Aromatics Pvt Ltd          Packing Credit     CRISIL A4+     80      Reaffirmed
Shree Concretes Pvt Ltd                 BG                 CRISIL A4+     5       Reaffirmed
                                                                                  and Withdrawn
Simmonds Marshall Ltd                   Bill Discounting   CRISIL A3+     27      Downgraded
                                                                                  from CRISIL A2
Simmonds Marshall Ltd                   LOC                CRISIL A3+     151.2   Downgraded
                                                                                  from CRISIL A2
Special Engineering Services Ltd        Capex LOC          CRISIL A3      50      Upgraded from
                                                                                  CRISIL A4+
Special Engineering Services Ltd        LOC*               CRISIL A3      50      Upgraded from
                                                                                  CRISIL A4+
*interchangeable with bank guarantee
Sponge Sales India Pvt Ltd              LOC                CRISIL A4+     220     Withdrawn
(Issuer Not Cooperating)
Technoline Engineering                  BG                 CRISIL A4      17      Reaffirmed
Trident Sugars Ltd                      Proposed ST Bk     CRISIL A4+     20      Upgraded from
                                        Loan Fac                                  CRISIL A4
Varshini Exim Pvt Ltd                   BG                 CRISIL A4+     150     Reaffirmed

MEDIUM TERM RATINGS:
-------------------
Larsen and Toubro Ltd                   FD Programme       FAAA/Stable    -       Reaffirmed

LONG TERM RATINGS:
-------------------
Accrete Electromech Pvt Ltd             TL                 CRISIL         10      Assigned
                                                           BB/Stable

Accrete Electromech Pvt Ltd             CC                 CRISIL         17.5    Assigned
                                                           BB/Stable
Accrete Electromech Pvt Ltd             Proposed TL        CRISIL         72.5    Assigned
                                                           BB/Stable
Adyah Solar Energy Pvt Ltd              Rupee TL           CRISIL         11317.2 Reaffirmed
                                                           A/Negative
Outlook revised from Stable
Al - Amal Diagnostics                   Drop Line          CRISIL D       64      Downgraded
                                        Overdraft Fac                             from CRISIL
                                                                                  B-/Stable
(Issuer Not Cooperating)
Al - Amal Diagnostics                   TL                 CRISIL D       25      Downgraded
                                                                                  from CRISIL
                                                                                  B-/Stable
(Issuer Not Cooperating)
Amazon Technocast Pvt Ltd               CC                 CRISIL         20      Migrated from
                                                           B+/Stable              CRISIL
                                                                                  B+/Stable and
                                                                                  Withdrawn
(Issuer Not Cooperating)
Amazon Technocast Pvt Ltd               TL                 CRISIL         41.2    Migrated from
                                                           B+/Stable              CRISIL
                                                                                  B+/Stable and
                                                                                  Withdrawn
(Issuer Not Cooperating)
AVP Powerinfra Pvt Ltd                  CC                 CRISIL         149     Reaffirmed
                                                           A+/Negative
Outlook revised from Stable
AVP Powerinfra Pvt Ltd                  Proposed LT Bk     CRISIL         7       Reaffirmed
                                        Loan Fac           A+/Negative
Outlook revised from Stable
AVP Powerinfra Pvt Ltd                  Rupee TL           CRISIL         1704    Reaffirmed
                                                           A+/Negative
Outlook revised from Stable
Badoni Power Pvt Ltd                    CC                 CRISIL         124     Reaffirmed
                                                           A+/Negative
Outlook revised from Stable
Badoni Power Pvt Ltd                    Proposed LT Bk     CRISIL         4       Reaffirmed
                                        Loan Fac           A+/Negative
Outlook revised from Stable
Badoni Power Pvt Ltd                    Rupee TL           CRISIL         1832    Reaffirmed
                                                           A+/Negative
Outlook revised from Stable
Bhumi Prakash Pvt Ltd                   TL                 CRISIL         948.8   Reaffirmed
                                                           A/Negative
Outlook revised from Stable
BSBK Pvt Ltd                            CC                 CRISIL         295     Downgraded
                                                           BBB-/Stable            from CRISIL
                                                                                  BBB/Stable
BSBK Pvt Ltd                            LT Loan            CRISIL         105     Downgraded
                                                           BBB-/Stable            from CRISIL
                                                                                  BBB/Stable
BSBK Pvt Ltd                            TL                 CRISIL         108.6   Downgraded
                                                           BBB-/Stable            from CRISIL
                                                                                  BBB/Stable
BSR Poultry Farm                        CC                 CRISIL         115     Reaffirmed
                                                           BB-/Stable
BSR Poultry Farm                        LT Loan            CRISIL         30.6    Reaffirmed
                                                           BB-/Stable
BSR Poultry Farm                        Proposed LT Bk     CRISIL         4.4     Reaffirmed
                                        Loan Fac           BB-/Stable
Bundela Exports                         TL                 CRISIL         4.5     Assigned
                                                           BB-/Stable
Bundela Exports                         CC                 CRISIL         30      Assigned
                                                           BB-/Stable
Bundela Exports                         Proposed LT Bk     CRISIL         15.5    Assigned
                                        Loan Fac           BB-/Stable
Cargo Service Center India Pvt Ltd      CC                 CRISIL         60      Reaffirmed
                                                           BBB/Positive
Cargo Service Center India Pvt Ltd      Proposed LT Bk     CRISIL         10      Reaffirmed
                                        Loan Fac           BBB/Positive
CavinKare Pvt Ltd                       LT Loan            CRISIL         4400    Reaffirmed
                                                           A/Stable
CavinKare Pvt Ltd                       Bill Discounting&  CRISIL         950     Reaffirmed
                                                           A/Stable
&Interchangeable with working capital demand loan upto Rs 32 Cr, cash credit upto Rs 27 Cr and
letter of credit upto Rs 3 Cr
CavinKare Pvt Ltd                       CC                 CRISIL         150     Reaffirmed
                                                           A/Stable
CavinKare Pvt Ltd                       WC Demand Loan     CRISIL         1150    Reaffirmed
                                                           A/Stable
CavinKare Pvt Ltd                       WC Demand Loan$    CRISIL         550     Reaffirmed
                                                           A/Stable
$Interchangeable with cash credit upto Rs 40 Cr and letter of credit upto Rs 15 Cr
CavinKare Pvt Ltd                       WC Demand Loan#    CRISIL         50      Reaffirmed
                                                           A/Stable
#Fully interchangeable with cash credit
CavinKare Pvt Ltd                       WC Demand Loan@    CRISIL         37.5    Reaffirmed
                                                           A/Stable
@Fully interchangeable with cash credit and letter of credit
Chetan Vyas and Associates              CC                 CRISIL         15      Reaffirmed
                                                           BB/Stable
Chetan Vyas and Associates              Proposed LT Bk     CRISIL         15      Reaffirmed
                                        Loan Fac           BB/Stable
Choundeshwari Sahakari Soot Girani Ltd  CC                 CRISIL         30      Downgraded
                                                           B-/Stable              from CRISIL
                                                                                  B/Stable
Choundeshwari Sahakari Soot Girani Ltd  WC TL              CRISIL         80      Downgraded
                                                           B-/Stable              from CRISIL
                                                                                  B/Stable
DC Exports                              CC                 CRISIL BB-     50      Reaffirmed
Dynamic Techno Medicals Pvt Ltd         CC                 CRISIL         285     Reaffirmed
                                                           BBB/Stable
Dynamic Techno Medicals Pvt Ltd         Foreign Bill       CRISIL         15      Reaffirmed
                                        Discounting        BBB/Stable
Dynamic Techno Medicals Pvt Ltd         LT Loan            CRISIL         80.5    Reaffirmed
                                                           BBB/Stable
Dynamic Techno Medicals Pvt Ltd         Proposed LT Bk     CRISIL         32      Reaffirmed
                                        Loan Fac           BBB/Stable
Fairways Toll And Security Services Pvt CC                 CRISIL         15      Assigned
Ltd                                                        B+/Stable
Fit Tech Industries Pvt Ltd             CC                 CRISIL         80      Upgraded from
                                                           BB/Stable              CRISIL
                                                                                  BB-/Stable
Fybros Moddular Pvt Ltd                 Proposed LT Bk     CRISIL B/Stable0.5     Withdrawn
                                        Loan Fac
Goodwill Fabrics Pvt Ltd                TL                 CRISIL         20      Assigned
                                                           BBB-/Stable
Guru Raghavendra Infrastructures        Secured Overdraft  CRISIL         50      Migrated from
                                        Fac                BB/Stable              CRISIL
                                                                                  BB/Stable
(Issuer Not Cooperating)
HRA Sales Pvt Ltd                       CC                 CRISIL         50      Withdrawn
                                                           B+/Stable
(Issuer Not Cooperating)
India Standard Loan Trust               Series A PTCs      Provisional            Assigned
LV (Originator: AU Small Finance Bank                      CRISIL AAA (SO)
Ltd)
India Standard Loan Trust               Liquidity Fac      Provisional            Assigned
LV (Originator: AU Small Finance Bank                      CRISIL AAA
Ltd)                                                       (SO) Equivalent
India Standard Loan Trust               Second loss Fac    Provisional            Assigned
LV (Originator: AU Small Finance Bank                      CRISIL BBB+
Ltd)                                                       (SO) Equivalent
JAK Group Pvt Ltd                       Foreign Currency TLCRISIL         20      Reaffirmed
                                                           BBB-/Stable
JAK Group Pvt Ltd                       Packing Credit     CRISIL         400     Reaffirmed
                                                           BBB-/Stable
JAK Group Pvt Ltd                       Proposed LT Bk     CRISIL         30      Reaffirmed
                                        Loan Fac           BBB-/Stable
Jash Packaging Co                       CC                 CRISIL         130     Assigned
                                                           BB-/Stable
Jash Packaging Co                       LT Loan            CRISIL         290     Assigned
                                                           BB-/Stable
Jash Packaging Co                       WC TL              CRISIL         50      Assigned
                                                           BB-/Stable
Juhu Beach Resorts Ltd                  BG                 CRISIL         65      Withdrawn
                                                           A+/Stable
Juhu Beach Resorts Ltd                  CC                 CRISIL         100     Withdrawn
                                                           A+/Stable
Juhu Beach Resorts Ltd                  TL                 CRISIL         700     Withdrawn
                                                           A+/Stable
K N Industries                          CC                 CRISIL         77.4    Reaffirmed
                                                           BB/Stable
K N Industries                          LT Bk Fac          CRISIL         32.6    Reaffirmed
                                                           BB/Stable
KLJ Resources Ltd                       CC                 CRISIL         1000
                                                           A+/Positive
KLJ Resources Ltd                       Proposed LT Bk     CRISIL         1152
                                        Loan Fac           A+/Positive
Krishna Corporation                     CC                 CRISIL         165     Reaffirmed
                                                           BBB/Stable
Krishna Corporation                     Proposed LT Bk     CRISIL         5       Reaffirmed
                                        Loan Fac           BBB/Stable
Krsnaa Diagnostics Pvt Ltd              TL                 CRISIL         1056.5  Assigned
                                                           BBB/Stable
Krsnaa Diagnostics Pvt Ltd              Proposed LT Bk     CRISIL         9.5     Assigned
                                        Loan Fac           BBB/Stable
Krsnaa Diagnostics Pvt Ltd              CC                 CRISIL         600     Assigned
                                                           BBB/Stable
Kurukshetra Expressway Pvt Ltd          Rupee TL           CRISIL D       7480    Reaffirmed
Larsen and Toubro Ltd                   NCD                CRISIL         14000   Reaffirmed
                                                           AAA/Stable
Larsen and Toubro Ltd                   NCDs               CRISIL         55500   Reaffirmed
                                                           AAA/Stable
Larsen and Toubro Ltd                   Inflation-linked   CRISIL         1000    Reaffirmed
                                        Capital-Indexed NCDAAA/Stable
Larsen and Toubro Ltd                   FB Fac             CRISIL         100000  Reaffirmed
                                                           AAA/Stable
Larsen and Toubro Ltd                   Non-FBL            CRISIL         150000  Reaffirmed
                                                           AAA/Stable
Larsen and Toubro Ltd                   WC Fac             CRISIL         850000  Reaffirmed
                                                           AAA/Stable
Leather Crafts India Pvt Ltd            CC                 CRISIL         60      Reaffirmed
                                                           BBB/Stable
Leather Crafts India Pvt Ltd            Proposed LT Bk     CRISIL         15      Reaffirmed
                                        Loan Fac           BBB/Stable
Leather Crafts India Pvt Ltd            TL                 CRISIL         5       Reaffirmed
                                                           BBB/Stable
Lion Manpower Solutions Pvt Ltd         CC                 CRISIL         80      Reaffirmed
                                                           BB+/Stable
Lion Manpower Solutions Pvt Ltd         Proposed LT Bk     CRISIL         70      Reaffirmed
                                        Loan Fac           BB+/Stable
M.I. Alloys Pvt Ltd                     CC                 CRISIL BB      57.2    Reaffirmed
M.I. Alloys Pvt Ltd                     TL                 CRISIL BB      13.4    Reaffirmed
M/s. Chaitya                            Post Shipment      CRISIL D       638.5   Downgraded
                                        Credit                                    from CRISIL
                                                                                  BB+/Stable
MB Ispat Corporation Ltd                CC                 CRISIL         112.5   Assigned
                                                           BB-/Stable
Mehta Gold                              CC                 CRISIL         140     Migrated from
                                                           B+/Stable              CRISIL
                                                                                  B+/Stable and
                                                                                  Withdrawn
(Issuer Not Cooperating)
Mehta Gold                              Proposed LT Bk     CRISIL         50      Migrated from
                                        Loan Fac           B+/Stable              CRISIL
                                                                                  B+/Stable and
                                                                                  Withdrawn
(Issuer Not Cooperating)
Mumbai Cargo Service Center Cold Chain  TL                 CRISIL         400     Reaffirmed
Solutions Pvt Ltd                                          BBB/Positive
Northern Tannery                        Proposed LT Bk     CRISIL         50      Reaffirmed
                                        Loan Fac           BB+/Stable
Ostro Anantapur Pvt Ltd                 CC                 CRISIL         436     Reaffirmed
                                                           A+/Negative
(Outlook revised from Stable)
Ostro Anantapur Pvt Ltd                 Proposed LT Bk     CRISIL         5       Reaffirmed
                                        Loan Fac           A+/Negative
(Outlook revised from Stable)
Ostro Anantapur Pvt Ltd                 Rupee TL           CRISIL         7139    Reaffirmed
                                                           A+/Negative
(Outlook revised from Stable)
Ostro Jaisalmer Pvt Ltd                 CC                 CRISIL         167     Reaffirmed
                                                           A+/Negative
(Outlook revised from Stable)
Ostro Jaisalmer Pvt Ltd                 Rupee TL           CRISIL         3303    Reaffirmed
                                                           A+/Negative
(Outlook revised from Stable)
Ostro Madhya Wind Pvt Ltd               CC                 CRISIL         559     Reaffirmed
                                                           A+/Negative
(Outlook revised from Stable)
Ostro Madhya Wind Pvt Ltd               Proposed LT Bk     CRISIL         8       Reaffirmed
                                        Loan Fac           A+/Negative
(Outlook revised from Stable)
Ostro Madhya Wind Pvt Ltd               Rupee TL           CRISIL         5563    Reaffirmed
                                                           A+/Negative
(Outlook revised from Stable)
Ostro Urja Wind Pvt Ltd                 CC                 CRISIL         402     Reaffirmed
                                                           A+/Negative
(Outlook revised from Stable)
Ostro Urja Wind Pvt Ltd                 Proposed LT Bk     CRISIL         8       Reaffirmed
                                        Loan Fac           A+/Negative
(Outlook revised from Stable)
Ostro Urja Wind Pvt Ltd                 Rupee TL           CRISIL         4800    Reaffirmed
                                                           A+/Negative
(Outlook revised from Stable)
P.S. Educational and Charitable Trust   Proposed LT Bk     CRISIL BB      35      Reaffirmed
                                        Loan Fac
P.S. Educational and Charitable Trust   TL                 CRISIL BB      30      Reaffirmed
Phoolchand Bhagatsingh                  Bill Discounting   CRISIL         50      Reaffirmed
                                                           BBB-/Stable
Phoolchand Bhagatsingh                  CC                 CRISIL         1050    Reaffirmed
                                                           BBB-/Stable
Pokarna Engineered Stone Ltd            Export Packing     CRISIL         300     Reaffirmed
                                        Credit             BBB-/Stable
Pokarna Engineered Stone Ltd            Foreign Currency TLCRISIL         2500    Reaffirmed
                                                           BBB-/Stable
Pokarna Engineered Stone Ltd            Proposed LT Bk     CRISIL         216.8   Reaffirmed
                                        Loan Fac           BBB-/Stable
Pokarna Engineered Stone Ltd            LT Loan            CRISIL         365.7   Reaffirmed
                                                           BBB-/Stable
Pokarna Ltd                             CC                 CRISIL         20      Reaffirmed
                                                           BBB-/Stable
Pokarna Ltd                             Export Packing     CRISIL         200     Reaffirmed
                                        Credit             BBB-/Stable
Pokarna Ltd                             External           CRISIL         81.5    Reaffirmed
                                        Commercial         BBB-/Stable
                                        Borrowings
Pokarna Ltd                             Foreign Currency TLCRISIL         168.5   Reaffirmed
                                                           BBB-/Stable
Pokarna Ltd                             Proposed LT Bk     CRISIL         535     Reaffirmed
                                        Loan Fac           BBB-/Stable
Pon Pure Chemical India Pvt Ltd         CC                 CRISIL         1380    Reaffirmed
                                                           BBB+/Stable
Prathamesh Solarfarms Ltd               CC                 CRISIL         119     Reaffirmed
                                                           A+/Negative
(Outlook revised from Stable)
Prathamesh Solarfarms Ltd               Proposed LT Bk     CRISIL         6       Reaffirmed
                                        Loan Fac           A+/Negative
(Outlook revised from Stable)
Prathamesh Solarfarms Ltd               Rupee TL           CRISIL         3465    Reaffirmed
                                                           A+/Negative
(Outlook revised from Stable)
Rane (Madras) Ltd                       TL                 CRISIL         1270    Reaffirmed
                                                           A/Stable
(Outlook revised from Positive)
Rane Engine Valve Ltd                   Fund & NFBL        CRISIL         1018    Reaffirmed
                                                           BBB+/Stable
Rane Engine Valve Ltd                   Proposed LT Bk     CRISIL         422.4   Reaffirmed
                                        Loan Fac           BBB+/Stable
Rane Engine Valve Ltd                   TL                 CRISIL         509.6   Reaffirmed
                                                           BBB+/Stable
Renew Agni Power Pvt Ltd                TL                 CRISIL         948.8   Reaffirmed
                                                           A/Negative
(Outlook revised from Stable)
ReNew Wind Energy (AP) Pvt Ltd          Proposed LT Bk     CRISIL         257     Reaffirmed
                                        Loan Fac           A+/Negative
(Outlook revised from Stable)
ReNew Wind Energy (AP) Pvt Ltd          TL                 CRISIL         1350    Reaffirmed
                                                           A+/Negative
(Outlook revised from Stable)
Renew Wind Energy (Karnataka 3) Pvt Ltd TL                 CRISIL         966     Reaffirmed
                                                           A/Negative
(Outlook revised from Stable)
Renew Wind Energy (Karnataka 4) Pvt Ltd TL                 CRISIL         968.3   Reaffirmed
                                                           A/Negative
(Outlook revised from Stable)
Renew Wind Energy (Maharashtra) Pvt Ltd TL                 CRISIL         966.8   Reaffirmed
                                                           A/Negative
(Outlook revised from Stable)
Renew Wind Energy (MP Four) Pvt Ltd     TL                 CRISIL         979.3   Reaffirmed
                                                           A/Negative
(Outlook revised from Stable)
Renew Wind Energy (MP Three) Pvt Ltd    TL                 CRISIL         1009.5  Reaffirmed
                                                           A/Negative
(Outlook revised from Stable)
Renew Wind Energy (Rajasthan Four) Pvt  TL                 CRISIL         964.5   Reaffirmed
Ltd                                                        A/Negative
(Outlook revised from Stable)
Renew Wind Energy (Sipla) Pvt Ltd       External           CRISIL         6865.6  Reaffirmed
                                        Commercial         A/Negative
                                        Borrowings
(Outlook revised from Stable)
Renew Wind Energy (Sipla) Pvt Ltd       Loan Equivalent    CRISIL         1250    Reaffirmed
                                        Risk Limits        A/Negative
(Outlook revised from Stable)
Renew Wind Energy (Sipla) Pvt Ltd       Proposed LT Bk     CRISIL         404.4   Reaffirmed
                                        Loan Fac           A/Negative
(Outlook revised from Stable)
RK-CPR (JV)                             CC                 CRISIL D       300     Downgraded
                                                                                  from CRISIL
                                                                                  B+/Stable
Robust Hotels Pvt Ltd                   CC                 CRISIL         50      Reaffirmed
                                                           BB+/Stable
Robust Hotels Pvt Ltd                   LT Loan            CRISIL         1230    Reaffirmed
                                                           BB+/Stable
Robust Hotels Pvt Ltd                   Proposed LT Bk     CRISIL         166.9   Reaffirmed
                                        Loan Fac           BB+/Stable
Shree Balaji Aromatics Pvt Ltd          CC                 CRISIL         20      Upgraded from
                                                           BB/Stable              CRISIL
                                                                                  BB-/Stable
Shree Balaji Aromatics Pvt Ltd          Proposed LT Bk     CRISIL         4       Upgraded from
                                        Loan Fac           BB/Stable              CRISIL
                                                                                  BB-/Stable
Shree Balaji Aromatics Pvt Ltd          Standby Line of    CRISIL         26      Upgraded from
                                        Credit             BB/Stable              CRISIL
                                                                                  BB-/Stable
Shree Concretes Pvt Ltd                 CC                 CRISIL         40      Reaffirmed
                                                           BB/Stable              and Withdrawn
Shree Concretes Pvt Ltd                 Proposed LT Bk     CRISIL         50      Reaffirmed
                                        Loan Fac           BB/Stable              and Withdrawn
Shree Concretes Pvt Ltd                 TL                 CRISIL         5       Reaffirmed
                                                           BB/Stable              and Withdrawn
Shree Gajkeshri Fabrics                 CC                 CRISIL         30      Downgraded
                                                           B-/Stable              from CRISIL
                                                                                  B+/Stable
Shree Gajkeshri Fabrics                 LT Loan            CRISIL         75      Downgraded
                                                           B-/Stable              from CRISIL
                                                                                  B+/Stable
Shree Gajkeshri Fabrics                 Proposed LT Bk     CRISIL         5       Downgraded
                                        Loan Fac           B-/Stable              from CRISIL
                                                                                  B+/Stable
Shubh Sandesh Health Care LLP           TL                 CRISIL         200     Migrated from
                                                           B+/Stable              CRISIL
                                                                                  B+/Stable
(Issuer Not Cooperating)
Simmonds Marshall Ltd                   CC                 CRISIL         219     Downgraded
                                                           BBB/Stable             from CRISIL
                                                                                  BBB+/Stable
Simmonds Marshall Ltd                   Proposed LT Bk     CRISIL         147.5   Downgraded
                                        Loan Fac           BBB/Stable             from CRISIL
                                                                                  BBB+/Stable
Simmonds Marshall Ltd                   Rupee TL           CRISIL         69.3    Downgraded
                                                           BBB/Stable             from CRISIL
                                                                                  BBB+/Stable
Simmonds Marshall Ltd                   TL                 CRISIL         36      Downgraded
                                                           BBB/Stable             from CRISIL
                                                                                  BBB+/Stable
Special Engineering Services Ltd        CC                 CRISIL         50      Upgraded from
                                                           BBB-/Stable            CRISIL
                                                                                  BB+/Positive
Sponge Sales India Pvt Ltd              CC                 CRISIL         140     Withdrawn
                                                           BB/Stable
(Issuer Not Cooperating)
Sujan Cooper Standard AVS Pvt Ltd       CC                 CRISIL BBB-    343.2
Placed on Rating Watch with Negative Implication
Sujan Cooper Standard AVS Pvt Ltd       TL                 CRISIL BBB-    341.8
Placed on Rating Watch with Negative Implication
Tarun Kiran Bhoomi Pvt Ltd              TL                 CRISIL         968.3   Reaffirmed
                                                           A/Negative
Outlook revised from Stable
Technoline Engineering                  CC                 CRISIL         53      Reaffirmed
                                                           B/Stable
Trident Sugars Ltd                      Proposed LT Bk     CRISIL         366     Upgraded from
                                        Loan Fac           BB-/Stable             CRISIL
                                                                                  B+/Stable
Trident Sugars Ltd                      Rupee TL           CRISIL         114     Upgraded from
                                                           BB-/Stable             CRISIL
                                                                                  B+/Stable
Varshini Exim Pvt Ltd                   Export Packing     CRISIL         250     Reaffirmed
                                        Credit             BB/Stable
Varshini Exim Pvt Ltd                   LT Loan            CRISIL         16      Reaffirmed
                                                           BB/Stable
Varshini Exim Pvt Ltd                   Proposed LT Bk     CRISIL         74      Reaffirmed
                                        Loan Fac           BB/Stable
Vijay Iron and Steel Industries         CC                 CRISIL         80      Reaffirmed
                                                           BB/Stable
--------------------------------------------------------------------------------------------
$: Rating watch with positive implication
#: Rating Watch with Developing implications
@: Rating Watch with Negative Implications
%: Rating under Credit Watch
wd -Rating Stands Withdrawn
sp -Rating Suspended
pp -Principal Protected
pn -Principal Not Protected

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

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

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