September 25, 2018 / 4:01 AM / 4 months 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, 2018.


COMPANY                                 INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                          (RS.MLN)
------                                  ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
ABM 4 Builders                          BG                 CRISIL A4      15
Migrated from 'CRISIL A4+ Issuer not cooperating'
Advance Cropcare India Pvt Ltd          BG                 CRISIL A4+     10      Reaffirmed
Issuer Not Cooperating; Rating Migrated
Allied Infrastructures And Projects Pvt BG                 CRISIL A3      280     Assigned
Ltd
Anand Engineering Products Pvt Ltd      BG                 CRISIL A4+     5       Reaffirmed
Avendus Finance Pvt Ltd                 CP Programme       CRISIL A1+     1000
Avendus Finance Pvt Ltd                 ST NCD             CRISIL A1+     1000
Avenue Supermarts Ltd                   CP                 CRISIL A1+     2000    Reaffirmed
Enhanced from Rs.70 Crore
Baba Ispat Pvt Ltd                      BG                 CRISIL A4+     5.8     Reaffirmed
Migrated from 'CRISIL A4+ Issuer Not Cooperating'
Benzo Chem Industries Pvt Ltd           BG                 CRISIL A2+     30      Reaffirmed
Benzo Chem Industries Pvt Ltd           LOC                CRISIL A2+     80      Reaffirmed
Benzo Chem Industries Pvt Ltd           Loan Equivalent    CRISIL A2+     50
                                        Risk Limits
Reaffirmed
Benzo Chem Industries Pvt Ltd           Sales Bill         CRISIL A2+     20      Assigned
                                        Discounting
Bhuvaneshwari Textiles Pvt Ltd          LOC                CRISIL A4      40
Upgraded from 'CRISIL D'
Biswapita Cold Storage Pvt Ltd          BG                 CRISIL A4      1.4     Reaffirmed
Issuer Not Cooperating; Rating Migrated
Bitcon India Infrastructure Developers  BG                 CRISIL A3+     900     Assigned
Pvt Ltd
Cyano Pharma Pvt Ltd                    BG                 CRISIL A4+     22.5    Reaffirmed
Cyano Pharma Pvt Ltd                    LOC                CRISIL A4+     2.5     Reaffirmed
DC Exports                              BG                 CRISIL A4+     250
Upgraded from CRISIL A4
Deepak Cosmo Ltd                        Proposed ST Bk     CRISIL A4+     5       Reaffirmed
                                        Loan Fac
Issuer Not Cooperating; Rating Migrated
Dinman Polypacks Pvt Ltd                BG                 CRISIL A4+     7.5     Reaffirmed
G-Next Media Pvt Ltd                    BG                 CRISIL A4+     21.5
Issuer Not Cooperating
Hi-Technocrats Pvt Ltd                  BG                 CRISIL A4+     95
Issuer Not Cooperating
Hi-Technocrats Pvt Ltd                  Proposed NFBL      CRISIL A4+     20      Assigned
Jagdish Agro Foods                      BG                 CRISIL A4      1.6     Reaffirmed
Issuer Not Cooperating
Jagdish Agro Foods                      Foreign Exchange   CRISIL A4      0.7     Reaffirmed
                                        Forward
Issuer Not Cooperating
Jindal Fine Industries                  BG                 CRISIL A4      12.5
Reaffirmed
Jindal Fine Industries                  Overdraft          CRISIL A4      14.5    Reaffirmed
Jindal Fine Industries                  Packing Credit     CRISIL A4      45.7
Reaffirmed
K B Contract Pvt Ltd                    LOC & BG           CRISIL A4      40      Assigned
Kasatex Home Furnishing Pvt Ltd         Bill Purchase      CRISIL A4+     100     Reaffirmed
Issuer Not Cooperating; Rating Migrated
Lakireddy Balireddy Charitable Trust    Overdraft          CRISIL A4+     50      Assigned
Link Marble and Granites Pvt Ltd        BG                 CRISIL A4      10      Reaffirmed
Revised from 'CRISIL A4' to 'CRISIL D' and simultaneously upgraded to 'CRISIL A4'
Link Marble and Granites Pvt Ltd        Foreign Exchange   CRISIL A4      2
                                        Forward
Revised from 'CRISIL A4' to 'CRISIL D' and simultaneously upgraded to 'CRISIL A4'
Link Marble and Granites Pvt Ltd        LOC                CRISIL A4      160     Reaffirmed
Revised from 'CRISIL A4' to 'CRISIL D' and simultaneously upgraded to 'CRISIL A4'
Link Marble and Granites Pvt Ltd        Post Shipment      CRISIL A4      25      Reaffirmed
                                        Credit
Revised from 'CRISIL A4' to 'CRISIL D' and simultaneously upgraded to 'CRISIL A4'
LPS Bossard Pvt Ltd                     BG                 CRISIL A2      20      Reaffirmed
M/s M.P. Agarwalla                      BG                 CRISIL A4+     120
Issuer Not Cooperating
Macmet Engineering Ltd                  BG                 CRISIL A3+     900     Reaffirmed
Magneti Marelli UM Electronics Systems  BG                 CRISIL A4+     1.5     Reaffirmed
Pvt Ltd
Issuer Not Cooperating; Rating Migrated
Magneti Marelli UM Electronics Systems  Bill Discounting   CRISIL A4+     86      Reaffirmed
Pvt Ltd
Issuer Not Cooperating; Rating Migrated
Magpie Global Ltd                       BG                 CRISIL A4+     5       Assigned
Assigned; Suspension Revoked 
Mainak Agro Food Product - Burdwan      BG                 CRISIL A4+     3.5     Assigned
Maurya Motors Ltd                       BG                 CRISIL A4      10      Reaffirmed
Issuer Not Cooperating
Metropole Tiles Pvt Ltd                 BG                 CRISIL A4+     50      Reaffirmed
Issuer Not Cooperating; Rating Migrated
M/s. Sri Parameswara Poultry Farm Pvt   ST Loan            CRISIL D       38
Ltd
Issuer Not Cooperating
Naser Tanning Company                   Packing Credit     CRISIL A4+     104
Downgraded from 'CRISIL A3'
North Eastern Carrying Corporation Ltd  BG                 CRISIL A3      50      Reaffirmed

NRB Bearings Ltd                        CP                 CRISIL A1+     850     Reaffirmed
P.K.Laxmi Mill India Pvt Ltd            Foreign            CRISIL A4      70
                                        Discounting Bill
                                        Purchase
Issuer Not Cooperating
P.K.Laxmi Mill India Pvt Ltd            LOC                CRISIL A4      50
Issuer Not Cooperating
Poppys Knitwear Pvt Ltd                 BG                 CRISIL A4+     20
Migrated from 'CRISIL A4 Issuer Not Cooperating'
Poppys Knitwear Pvt Ltd                 Export Packing     CRISIL A4+     480
                                        Credit
Migrated from 'CRISIL A4 Issuer Not Cooperating'
Poppys Knitwear Pvt Ltd                 Foreign Bill       CRISIL A4+     420
                                        Discounting
Migrated from 'CRISIL A4 Issuer Not Cooperating'
Poppys Knitwear Pvt Ltd                 LOC                CRISIL A4+     80
Migrated from 'CRISIL A4 Issuer Not Cooperating'
Poppys Knitwear Pvt Ltd                 Standby Line of    CRISIL A4+     120
                                        Credit
Migrated from 'CRISIL A4 Issuer Not Cooperating'
Punjab Alkalies and Chemicals Ltd       BG                 CRISIL A4      20.3    Reaffirmed
R S Paper                               Packing Credit in  CRISIL A4      30      Reaffirmed
                                        Foreign Currency
Issuer Not Cooperating
Rajendra Ispat Pvt Ltd                  LOC                CRISIL A4      190     Reaffirmed
Issuer Not Cooperating; Rating Migrated
Rajendra Singh Kiledar Constructions    BG                 CRISIL A4+     255     Reaffirmed
Pvt Ltd
Issuer Not Cooperating; Rating Migrated
Rajinder Infrastructure Pvt Ltd         BG                 CRISIL A4+     200     Reaffirmed
Issuer Not Cooperating
Rasi Graphics Pvt Ltd                   BG                 CRISIL A4+     6.2     Reaffirmed
Rathna Offset Printers                  BG                 CRISIL A4+     5       Reaffirmed
S. B. Khakal                            BG                 CRISIL A4+     30      Reaffirmed
Issuer Not Cooperating; Rating Migrated
S. B. Khakal                            LOC                CRISIL A4+     20      Reaffirmed
Issuer Not Cooperating; Rating Migrated
Shibu Mathew                            BG                 CRISIL A4      20
Reassigned
Solas Fire Safety Equipment Pvt Ltd     BG                 CRISIL A4      55      Reaffirmed
Issuer Not Cooperating; Rating Migrated
Spring Inc.                             BG                 CRISIL A4+     3
Issuer Not Cooperating
Spring Inc.                             Packing Credit in  CRISIL A4+     26
                                        Foreign Currency
Issuer Not Cooperating
STG Heating Pvt Ltd                     BG                 CRISIL A4+     30      Assigned
Assigned; Suspension revoked
Sunrise Process Equipments              Letter Of GuaranteeCRISIL A4      17.5    Reaffirmed
Sunrise Process Equipments              LOC                CRISIL A4      17.5    Reaffirmed
Swapna Printing Works Pvt Ltd           BG                 CRISIL A3      70      Assigned
Assigned; Suspension Revoked 
Trans Chem Corporation                  Buyer`s Credit     CRISIL A4+     115     Reaffirmed
Issuer Not Cooperating; Rating Migrated
Uma Converter Pvt Ltd                   BG                 CRISIL A3      10      Assigned
Assigned; Suspension Revoked 
Uma Converter Pvt Ltd                   LOC                CRISIL A3      80      Assigned
Assigned; Suspension Revoked 
Uma Converter Pvt Ltd                   Packing Credit     CRISIL A3      20      Assigned
Assigned; Suspension Revoked 
V. S. Y. International Pvt Ltd          BG                 CRISIL A4      80      Reaffirmed
Issuer Not Cooperating
White House.                            Foreign Bill       CRISIL A2      270     Reaffirmed
                                        Purchase
White House.                            LOC & BG           CRISIL A2      20      Reaffirmed
White House.                            Packing Credit     CRISIL A2      110     Reaffirmed
Yankee Constructions LLP                BG                 CRISIL A4+     135     Reaffirmed
Yash Electrical Systems                 BG                 CRISIL A4+     10      Assigned
Yash Electrical Systems                 Bill Discounting   CRISIL A4+     50      Assigned
Yogeshwari Petro Chemicals Pvt Ltd      BG                 CRISIL A4      20      Reaffirmed
Issuer Not Cooperating

LONG TERM RATINGS:
-------------------
Aarvee International                    CC                 CRISIL D       180     Reaffirmed
Issuer Not Cooperating; Rating Migrated
Aarvee International                    Proposed CC Limit  CRISIL D       20      Reaffirmed
Issuer Not Cooperating; Rating Migrated
Abirami Polymers                        CC                 CRISIL BB      30      Withdrawn
Abirami Polymers                        LOC                CRISIL BB      35      Withdrawn
Abirami Polymers                        LT Bk Fac          CRISIL BB      3       Withdrawn
Abirami Polymers                        Proposed WC Fac    CRISIL BB      22      Withdrawn
Abirami Polymers                        ST Bk Fac          CRISIL BB      20      Withdrawn
ABM 4 Builders                          CC                 CRISIL B+      100
Migrated from 'CRISIL BB- Issuer not cooperating
Advance Cropcare India Pvt Ltd          CC                 CRISIL BB-     120     Reaffirmed
Issuer Not Cooperating; Rating Migrated
Advance Cropcare India Pvt Ltd          Proposed TL        CRISIL BB-     56.6    Reaffirmed
Issuer Not Cooperating; Rating Migrated
Advance Cropcare India Pvt Ltd          TL                 CRISIL BB-     14.9    Reaffirmed
Issuer Not Cooperating; Rating Migrated
Allied Infrastructures And Projects Pvt CC                 CRISIL BBB-    20      Assigned
Ltd
Anand Engineering Products Pvt Ltd      CC                 CRISIL BB      153.3   Reaffirmed
Anand Engineering Products Pvt Ltd      LT Loan            CRISIL BB      122.5   Reaffirmed
Anand Engineering Products Pvt Ltd      Proposed CC Limit  CRISIL BB      24.2    Reaffirmed
Aryavarta Cool Chain                    CC                 CRISIL B       25      Reaffirmed
Aryavarta Cool Chain                    Proposed CC Limit  CRISIL B       6       Reaffirmed
Aryavarta Cool Chain                    TL                 CRISIL B       89      Assigned
Asco Steel                              CC                 CRISIL BB-     40      Reaffirmed
Issuer Not Cooperating; Rating Migrated
Ashoka Bagewadi Saundatti Road Ltd      TL                 CRISIL BBB     1980    Reaffirmed
Ashoka Hungund Talikot Road Ltd         TL                 CRISIL BBB     1990    Reaffirmed
Avendus Finance Pvt Ltd                 CC                 CRISIL A+      250     Reaffirmed
Avendus Finance Pvt Ltd                 TL                 CRISIL A+      2550    Assigned
Avendus Finance Pvt Ltd                 Proposed LT Bk     CRISIL A+      2200    Assigned
                                        Loan Fac
Avendus Finance Pvt Ltd                 NCD                CRISIL A+      2000
Avendus Finance Pvt Ltd                 NCD                CRISIL A+      3500
Avenue Supermarts Ltd                   Proposed FB Bk     CRISIL AA+     6320
                                        Limits
Upgraded from 'CRISIL AA/Positive'
Avenue Supermarts Ltd                   WC Fac             CRISIL AA+     1180
Upgraded from 'CRISIL AA/Positive'
Avenue Supermarts Ltd                   NCD                CRISIL AA+     4160
Upgraded from 'CRISIL AA'
Baba Ispat Pvt Ltd                      CC                 CRISIL BB      100
Migrated from 'CRISIL BB- Issuer Not Cooperating'
Baba Ispat Pvt Ltd                      TL                 CRISIL BB-     1.8
Withdrawn
Benzo Chem Industries Pvt Ltd           Export Packing     CRISIL A-      270     Reaffirmed
                                        Credit & Export
                                        Bills Negotiation/Foreign Bill discounting**
**Interchangeable with cash credit to the extent of Rs 15 crore
Benzo Chem Industries Pvt Ltd           TL                 CRISIL A-      800     Assigned
Bhuvaneshwari Textiles Pvt Ltd          CC                 CRISIL B       90
Upgraded from 'CRISIL D'
Bhuvaneshwari Textiles Pvt Ltd          Proposed LT Bk     CRISIL B       50
                                        Loan Fac
Upgraded from 'CRISIL D'
Bhuvaneshwari Textiles Pvt Ltd          TL                 CRISIL B       20
Upgraded from 'CRISIL D'
Bhuvaneshwari Textiles Pvt Ltd          WC Demand Loan     CRISIL B       30      Assigned
Upgraded from 'CRISIL D'
Biswapita Cold Storage Pvt Ltd          CC                 CRISIL B       63.1    Reaffirmed
Issuer Not Cooperating; Rating Migrated
Biswapita Cold Storage Pvt Ltd          TL                 CRISIL B       10.5    Reaffirmed
Issuer Not Cooperating; Rating Migrated
Bitcon India Infrastructure Developers  Overdraft          CRISIL BBB     70      Assigned
Pvt Ltd
Coastal Energy Enterprises-VisakhapatnamProposed LT Bk     CRISIL BB      120     Assigned
                                        Loan Fac
Cyano Pharma Pvt Ltd                    CC                 CRISIL BB      50
Upgraded from 'CRISIL BB-'
Cyano Pharma Pvt Ltd                    Proposed LT Bk     CRISIL BB      1
                                        Loan Fac
Upgraded from 'CRISIL BB-'
DC Exports                              CC                 CRISIL BB-     50
Upgraded from CRISIL B+
Deepak Cosmo Ltd                        CC                 CRISIL BB-     200     Reaffirmed
Issuer Not Cooperating; Rating Migrated
Deepak Cosmo Ltd                        TL                 CRISIL BB-     20      Reaffirmed
Issuer Not Cooperating; Rating Migrated
Dinman Polypacks Pvt Ltd                CC                 CRISIL BB      170
Downgraded from 'CRISIL BB+/Positive'
Dinman Polypacks Pvt Ltd                Proposed TL        CRISIL BB      31.6
Downgraded from 'CRISIL BB+/Positive'
Dinman Polypacks Pvt Ltd                TL                 CRISIL BB      60.9    Assigned
Downgraded from 'CRISIL BB+/Positive'
Embassy Office Parks Reit               NCD                Provisional    40000   Assigned
                                                           CRISIL AAA^
^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 a May 6, 2015, directive by the Securities and Exchange Board of India (SEBI),
'Standardising the term, rating symbol, and manner of disclosure with regard to
conditional/provisional/in-principle ratings assigned by credit rating agencies (CRAs)' 
Energetic Globetex Pvt Ltd              CC                 CRISIL D       100     Reaffirmed
Issuer Not Cooperating; Rating Migrated
Excel Engineers and Consultants         Proposed LT Bk     CRISIL BB      100
                                        Loan Fac
Upgraded from 'CRISIL BB-'
Gayatri Constructions                   Proposed LT Bk     CRISIL BB      70      Reaffirmed
                                        Loan Fac
Issuer Not Cooperating; Rating Migrated
G-Next Media Pvt Ltd                    CC                 CRISIL BB+     115
Issuer Not Cooperating
G-Next Media Pvt Ltd                    Proposed FB Bk     CRISIL BB+     3.5
                                        Limits
Issuer Not Cooperating
Govindam Food Products Pvt Ltd          CC                 CRISIL B+      60      Reaffirmed
Govindam Food Products Pvt Ltd          Proposed LT Bk     CRISIL B+      45      Reaffirmed
                                        Loan Fac
Gupta Global Resources Pvt Ltd          BG                 CRISIL D       213     Reaffirmed
Issuer Not Cooperating; Rating Migrated
Gupta Global Resources Pvt Ltd          CC                 CRISIL D       148     Reaffirmed
Issuer Not Cooperating; Rating Migrated
Gupta Global Resources Pvt Ltd          Funded Interest TL CRISIL D       220.4   Reaffirmed
Issuer Not Cooperating; Rating Migrated
Gupta Global Resources Pvt Ltd          LOC                CRISIL D       538.6   Reaffirmed
Issuer Not Cooperating; Rating Migrated
Gupta Global Resources Pvt Ltd          Proposed LT Bk     CRISIL D       1415.2  Reaffirmed
                                        Loan Fac
Issuer Not Cooperating; Rating Migrated
Gupta Global Resources Pvt Ltd          WC TL              CRISIL D       1004    Reaffirmed
Issuer Not Cooperating; Rating Migrated
Harihar Rocks                           Proposed CC Limit  CRISIL B+      60      Assigned
Assigned; Suspension Revoked 
Hi-Technocrats Pvt Ltd                  CC                 CRISIL BB-     30
Issuer Not Cooperating
Hi-Technocrats Pvt Ltd                  Proposed FB Bk     CRISIL BB-     5
                                        Limits
Issuer Not Cooperating
Hotel Vakratunda - Naddi                TL                 CRISIL B-      62.5
Issuer Not Cooperating
Jagdish Agro Foods                      CC                 CRISIL B       35      Reaffirmed
Issuer Not Cooperating
Jagdish Agro Foods                      TL                 CRISIL B       20      Reaffirmed
Issuer Not Cooperating
Jay Construction India                  Proposed LT Bk     CRISIL B+      15      Reaffirmed
                                        Loan Fac
Issuer Not Cooperating; Rating Migrated
Jay Construction India                  TL                 CRISIL B+      80      Reaffirmed
Issuer Not Cooperating; Rating Migrated
Jayabheri Properties Pvt Ltd            LT Loan            CRISIL BB      1500
Migrated from 'CRISIL BB- Issuer Not Cooperating'
Jindal Fine Industries                  CC                 CRISIL B       38.9
Reaffirmed
Jindal Fine Industries                  Proposed WC Fac    CRISIL B       21.4    Assigned
K B Contract Pvt Ltd                    CC                 CRISIL B+      30      Assigned
K. Lekshmanan and Co.                   BG                 CRISIL D       3.5     Reaffirmed
K. Lekshmanan and Co.                   CC                 CRISIL D       46      Reaffirmed
K. Lekshmanan and Co.                   TL                 CRISIL D       15.5    Reaffirmed
Kasatex Home Furnishing Pvt Ltd         CC                 CRISIL BB      80      Reaffirmed
Issuer Not Cooperating; Rating Migrated
Kasatex Home Furnishing Pvt Ltd         Export Packing     CRISIL BB      140     Reaffirmed
                                        Credit
Issuer Not Cooperating; Rating Migrated
Kasatex Home Furnishing Pvt Ltd         TL                 CRISIL BB      100     Reaffirmed
Issuer Not Cooperating; Rating Migrated
Kohinoor Eximtex Pvt Ltd                CC                 CRISIL D       60      Reaffirmed
Issuer Not Cooperating; Rating Migrated
Kohinoor Eximtex Pvt Ltd                Proposed CC Limit  CRISIL D       90      Reaffirmed
Issuer Not Cooperating; Rating Migrated
Lakireddy Balireddy Charitable Trust    Proposed LT Bk     CRISIL BB      40      Assigned
                                        Loan Fac
Lakireddy Balireddy Charitable Trust    LT Loan            CRISIL BB      10      Assigned
Laxmi Doors                             CC                 CRISIL B+      15      Reaffirmed
Issuer Not Cooperating; Rating Migrated
Laxmi Doors                             Proposed LT Bk     CRISIL B+      10      Reaffirmed
                                        Loan Fac
Issuer Not Cooperating; Rating Migrated
Laxmi Doors                             TL                 CRISIL B+      45      Reaffirmed
Issuer Not Cooperating; Rating Migrated
Link Marble and Granites Pvt Ltd        CC                 CRISIL B-      177.5
Revised from 'CRISIL B' to 'CRISIL D' and simultaneously upgraded to 'CRISIL B-'
Link Marble and Granites Pvt Ltd        Proposed LT Bk     CRISIL B-      95.5
                                        Loan Fac
Revised from 'CRISIL B' to 'CRISIL D' and simultaneously upgraded to 'CRISIL B-'
LPS Bossard Pvt Ltd                     Bill Discounting   CRISIL BBB+    37.5    Reaffirmed
LPS Bossard Pvt Ltd                     CC                 CRISIL BBB+    92.5    Reaffirmed
LPS Bossard Pvt Ltd                     Proposed LT Bk     CRISIL BBB+    40      Reaffirmed
                                        Loan Fac
M/s Ganesh Ram Dokania                  CC                 CRISIL BB-     400
Issuer Not Cooperating
M/s Ganesh Ram Dokania                  Proposed LT Bk     CRISIL BB-     10
                                        Loan Fac
Issuer Not Cooperating
M/s M.P. Agarwalla                      CC                 CRISIL BB      90
Issuer Not Cooperating
M/s M.P. Agarwalla                      Proposed BG        CRISIL BB      30
Issuer Not Cooperating
M/s M.P. Agarwalla                      Proposed CC Limit  CRISIL BB      10
Issuer Not Cooperating
M/s M.P. Agarwalla                      Proposed LT Bk     CRISIL BB      150
                                        Loan Fac
Issuer Not Cooperating
M/s. Sri Parameswara Poultry Farm Pvt   CC                 CRISIL D       190
Ltd
Issuer Not Cooperating
M/s. Sri Parameswara Poultry Farm Pvt   LT Loan            CRISIL D       47.5
Ltd
Issuer Not Cooperating
MA Amba Sponge Iron Ltd                 CC                 CRISIL B-      90      Reaffirmed
Issuer Not Cooperating; Rating Migrated
Macmet Engineering Ltd                  CC                 CRISIL BBB     100     Reaffirmed
Magneti Marelli UM Electronics Systems  CC                 CRISIL BB      31.9    Reaffirmed
Pvt Ltd
Issuer Not Cooperating; Rating Migrated
Magneti Marelli UM Electronics Systems  Proposed LT Bk     CRISIL BB      73.6    Reaffirmed
Pvt Ltd                                 Loan Fac
Issuer Not Cooperating; Rating Migrated
Magneti Marelli UM Electronics Systems  TL                 CRISIL BB      27      Reaffirmed
Pvt Ltd
Issuer Not Cooperating; Rating Migrated
Magpie Global Ltd                       CC                 CRISIL BB+     82.5    Assigned
Assigned; Suspension Revoked 
Magpie Global Ltd                       Proposed WC Fac    CRISIL BB+     42.5    Assigned
Assigned; Suspension Revoked 
Mainak Agro Food Product - Burdwan      CC                 CRISIL BB      50      Assigned
Malabar Gold Palace Pvt Ltd             CC                 CRISIL BBB+    240     Reaffirmed
Malabar Ornaments Pvt Ltd               CC                 CRISIL BBB+    240     Reaffirmed
Maurya Motors Ltd                       CC                 CRISIL B       100     Reaffirmed
Issuer Not Cooperating
Maurya Motors Ltd                       Inventory Funding  CRISIL B       400     Reaffirmed
                                        Fac
Issuer Not Cooperating
Metropole Tiles Pvt Ltd                 CC                 CRISIL BB-     85      Reaffirmed
Issuer Not Cooperating; Rating Migrated
Metropole Tiles Pvt Ltd                 LT Loan            CRISIL BB-     315     Reaffirmed
Issuer Not Cooperating; Rating Migrated
Mittal Unicot Industries                CC                 CRISIL BB-     60      Reaffirmed
Mittal Unicot Industries                TL                 CRISIL BB-     32.5    Reaffirmed
MKJ Tradex Ltd                          CC                 CRISIL BB+     750     Reaffirmed
Issuer Not Cooperating
Mohta Plywood Industries Pvt Ltd        Bill Discounting   CRISIL D       130
Downgraded from 'CRISIL C'
Mohta Plywood Industries Pvt Ltd        CC                 CRISIL D       5
Downgraded from 'CRISIL C'
Mohta Plywood Industries Pvt Ltd        LOC                CRISIL D       40
Downgraded from 'CRISIL C'
Mohta Plywood Industries Pvt Ltd        Packing Credit     CRISIL D       60
Downgraded from 'CRISIL C'
Nagoorar Enterprises                    CC                 CRISIL B       80
Migrated from 'CRISIL B+ Issuer Not Cooperating'
Nagoorar Enterprises                    Proposed LT Bk     CRISIL B       54.4
                                        Loan Fac
Migrated from 'CRISIL B+ Issuer Not Cooperating'
Nagoorar Enterprises                    TL                 CRISIL B       50      Assigned
Migrated from 'CRISIL B+ Issuer Not Cooperating'
Naser Tanning Company                   Foreign Bill       CRISIL BB+     28
                                        Discounting
Downgraded from 'CRISIL BBB-/Negative'
Naser Tanning Company                   Proposed LT Bk     CRISIL BB+     16.8
                                        Loan Fac
Downgraded from 'CRISIL BBB-/Negative'
North Eastern Carrying Corporation Ltd  CC                 CRISIL BBB-    350     Reaffirmed
North Eastern Carrying Corporation Ltd  Proposed LT Bk     CRISIL BBB-    220     Reaffirmed
                                        Loan Fac
North Eastern Carrying Corporation Ltd  WC Demand Loan     CRISIL BBB-    10      Reaffirmed
North Eastern Carrying Corporation Ltd  WC TL              CRISIL BBB-    250     Reaffirmed
NRB Bearings Ltd                        CC@                CRISIL AA-     800     Reaffirmed
@ Interchangeable with buyer's credit (BC), export packing credit (EPC), bill discounting (BD),
letter of credit (LC), and bank guarantee (BG)
NRB Bearings Ltd                        CC#                CRISIL AA-     670     Reaffirmed
#Interchangeable with working capital demand loan (WCDL) /LC/standby letter of
credit/guarantee/EPC
NRB Bearings Ltd                        CC&                CRISIL AA-     750     Reaffirmed
& Interchangeable with WCDL, EPC, LC/BC, and capex BC
NRB Bearings Ltd                        CC^                CRISIL AA-     500     Reaffirmed
^ Interchangeable with cash credit, WCDL/foreign currency non-repatriable (FCNR)/EPC/BC
NRB Bearings Ltd                        CC@@               CRISIL AA-     800     Reaffirmed
@@ Interchangeable with STL/CP, BC/EPC/FCNR, CC/WCDL.
NRB Bearings Ltd                        Proposed LT Bk     CRISIL AA-     100     Reaffirmed
                                        Loan Fac
NRB Bearings Ltd                        NCD                CRISIL AA-     300     Withdrawn
NRB Bearings Ltd                        NCD                CRISIL AA-     300     Reaffirmed
NRB Bearings Ltd                        NCD                CRISIL AA-     200     Reaffirmed
P.K.Laxmi Mill India Pvt Ltd            CC                 CRISIL B       120
Issuer Not Cooperating
P.K.Laxmi Mill India Pvt Ltd            LT Loan            CRISIL B       46.3
Issuer Not Cooperating
P.K.Laxmi Mill India Pvt Ltd            Proposed LT Bk     CRISIL B       32.3
                                        Loan Fac
Issuer Not Cooperating
Palathra Constructions Pvt Ltd          CC                 CRISIL B+      250     Reaffirmed
Prakrutees Infra Impex India Pvt Ltd    CC                 CRISIL BB-     92      Reaffirmed
Prakrutees Infra Impex India Pvt Ltd    LT Loan            CRISIL BB-     6       Reaffirmed
Punjab Alkalies and Chemicals Ltd       CC                 CRISIL C       56.2    Reaffirmed
Punjab Alkalies and Chemicals Ltd       Proposed LT Bk     CRISIL C       807     Reaffirmed
                                        Loan Fac
Purvi Bharat Steels Ltd                 CC                 CRISIL B       100     Reaffirmed
Issuer Not Cooperating
R S Paper                               CC                 CRISIL B       16      Reaffirmed
Issuer Not Cooperating
R S Paper                               TL                 CRISIL B       44      Reaffirmed
Issuer Not Cooperating
Radha Rukmani Spinners Pvt Ltd          CC                 CRISIL D       50      Reaffirmed
Issuer Not Cooperating
Radha Rukmani Spinners Pvt Ltd          LOC                CRISIL D       50      Reaffirmed
Issuer Not Cooperating
Radiant Textiles Ltd                    CC                 CRISIL B+      500     Reaffirmed
Issuer Not Cooperating
Radiant Textiles Ltd                    Corporate Loan     CRISIL B+      60      Reaffirmed
Issuer Not Cooperating
Radiant Textiles Ltd                    Proposed LT Bk     CRISIL B+      202.6   Reaffirmed
                                        Loan Fac
Issuer Not Cooperating
Radiant Textiles Ltd                    TL                 CRISIL B+      247.4   Reaffirmed
Issuer Not Cooperating
Raj Ceramics                            CC                 CRISIL BB+     79      Reaffirmed
Issuer Not Cooperating
Raj Ceramics                            Fund & NFBL        CRISIL BB+     1.6     Reaffirmed
Issuer Not Cooperating
Raj Ceramics                            LT Loan            CRISIL BB+     5       Reaffirmed
Issuer Not Cooperating
Raj Ceramics                            Non-FBL            CRISIL BB+     14      Reaffirmed
Issuer Not Cooperating
Raj Dealers and Distributors            CC                 CRISIL BB-     80
Withdrawn; Issuer Not Cooperating
Rajendra Ispat Pvt Ltd                  CC                 CRISIL B+      110     Reaffirmed
Issuer Not Cooperating; Rating Migrated
Rajendra Ispat Pvt Ltd                  Proposed CC Limit  CRISIL B+      50      Reaffirmed
Issuer Not Cooperating; Rating Migrated
Rajendra Singh Kiledar Constructions    CC                 CRISIL BB+     5       Reaffirmed
Pvt Ltd
Issuer Not Cooperating; Rating Migrated
Rajinder Infrastructure Pvt Ltd         CC/ Overdraft Fac  CRISIL BB+     70      Reaffirmed
Issuer Not Cooperating
Ralin Polymers Pvt Ltd                  CC                 CRISIL BB+     130     Reaffirmed
Ralin Polymers Pvt Ltd                  Proposed LT Bk     CRISIL BB+     19.9    Reaffirmed
                                        Loan Fac
Ralin Polymers Pvt Ltd                  TL                 CRISIL BB+     84.4    Reaffirmed
Rasi Graphics Pvt Ltd                   CC                 CRISIL BB+     20      Reaffirmed
Rasi Graphics Pvt Ltd                   LT Loan            CRISIL BB+     23.8    Reaffirmed
Rathna Offset Printers                  CC                 CRISIL BB+     10      Reaffirmed
Rathna Offset Printers                  Proposed LT Bk     CRISIL BB+     22.5    Reaffirmed
                                        Loan Fac
Rathna Offset Printers                  TL                 CRISIL BB+     12.5    Reaffirmed
Ravisum Processing                      CC                 CRISIL B-      90      Reaffirmed
Issuer Not Cooperating; Rating Migrated
Ravisum Processing                      Rupee TL           CRISIL B-      40      Reaffirmed
Issuer Not Cooperating; Rating Migrated
RC Automotive Pvt Ltd                   CC                 CRISIL B-      180     Reaffirmed
Issuer Not Cooperating
RC Automotive Pvt Ltd                   Proposed LT Bk     CRISIL B-      20      Reaffirmed
                                        Loan Fac
Issuer Not Cooperating
S. B. Khakal                            CC                 CRISIL BB      50      Reaffirmed
Issuer Not Cooperating; Rating Migrated
S. B. Khakal                            Proposed LT Bk     CRISIL BB      20      Reaffirmed
                                        Loan Fac
Issuer Not Cooperating; Rating Migrated
Saakaar Constructions Pvt Ltd           Overdraft          CRISIL B       50      Reaffirmed
Issuer Not Cooperating; Rating Migrated
Sagar Pulses Pvt Ltd                    CC                 CRISIL BB-     45      Reaffirmed
Issuer Not Cooperating; Rating Migrated
Sagar Pulses Pvt Ltd                    TL                 CRISIL BB-     20      Reaffirmed
Issuer Not Cooperating; Rating Migrated
Sagar Pulses Pvt Ltd                    Warehouse Receipts CRISIL BB-     95      Reaffirmed
Issuer Not Cooperating; Rating Migrated
Sandy Resort Pvt Ltd                    Proposed FB Bk     CRISIL BB-     160.7   Reaffirmed
                                        Limits
Issuer Not Cooperating; Rating Migrated
Sandy Resort Pvt Ltd                    Secured Overdraft  CRISIL BB-     30      Reaffirmed
                                        Fac
Issuer Not Cooperating; Rating Migrated
Saraswati Trading Co - Karnal           CC                 CRISIL B+      70
Issuer Not Cooperating
Saraswati Trading Co - Karnal           Proposed LT Bk     CRISIL B+      46
                                        Loan Fac
Issuer Not Cooperating
Saraswati Trading Co - Karnal           TL                 CRISIL B+      4
Issuer Not Cooperating
Shibu Mathew                            CC/ Overdraft Fac  CRISIL B+      30      Reaffirmed
Siddhi Sales Corporation                Packing Credit     CRISIL B+      90      Reaffirmed
Siddhi Sales Corporation                Proposed LT Bk     CRISIL B+      10      Reaffirmed
                                        Loan Fac
Society For Educational Excellence      Overdraft          CRISIL BBB     310     Reaffirmed
Society For Educational Excellence      Proposed LT Bk     CRISIL BBB     55      Reaffirmed
                                        Loan Fac
Solas Fire Safety Equipment Pvt Ltd     CC                 CRISIL B+      44.5    Reaffirmed
Issuer Not Cooperating; Rating Migrated
Solas Fire Safety Equipment Pvt Ltd     Proposed LT Bk     CRISIL B+      40.5    Reaffirmed
                                        Loan Fac
Issuer Not Cooperating; Rating Migrated
Sony Mathew                             Bill Discounting   CRISIL B+      10      Reaffirmed
Sony Mathew                             CC                 CRISIL B+      90      Assigned
Spring Inc.                             Bill Discounting   CRISIL BB      20
Issuer Not Cooperating
Spring Inc.                             CC                 CRISIL BB      4
Issuer Not Cooperating
Spring Inc.                             TL                 CRISIL BB      7
Issuer Not Cooperating
Sri Venkateswara Poultries              CC                 CRISIL BB-     65      Reaffirmed
Issuer Not Cooperating; Rating Migrated
Sri Venkateswara Poultries              Cash TL            CRISIL BB-     19      Reaffirmed
Issuer Not Cooperating; Rating Migrated
Sri Venkateswara Poultries              Proposed LT Bk     CRISIL BB-     16      Reaffirmed
                                        Loan Fac
Issuer Not Cooperating; Rating Migrated
STG Heating Pvt Ltd                     CC                 CRISIL BB-     35      Assigned
Assigned; Suspension revoked
Sunrise Process Equipments              CC                 CRISIL B       30      Reaffirmed
Sunrise Process Equipments              Proposed LT Bk     CRISIL B       35
                                        Loan Fac
Reaffirmed
Swapna Printing Works Pvt Ltd           CC                 CRISIL BBB-    20      Assigned
Assigned; Suspension Revoked 
Tarunikaa Jewels                        CC                 CRISIL B+      90      Reaffirmed
Tarunikaa Jewels                        TL                 CRISIL B+      10      Reaffirmed
Techmech Engineers                      CC                 CRISIL B+      120     Reaffirmed
Trans Chem Corporation                  CC                 CRISIL BB      30      Reaffirmed
Issuer Not Cooperating; Rating Migrated
Trans Chem Corporation                  Proposed LT Bk     CRISIL BB      5       Reaffirmed
                                        Loan Fac
Issuer Not Cooperating; Rating Migrated
Uma Converter Pvt Ltd                   CC                 CRISIL BBB-    200     Assigned
Assigned; Suspension Revoked 
Uma Converter Pvt Ltd                   Proposed LT Bk     CRISIL BBB-    90      Assigned
                                        Loan Fac
Assigned; Suspension Revoked 
V. S. Y. International Pvt Ltd          CC                 CRISIL B       25      Reaffirmed
Issuer Not Cooperating
Virchand Narsi Cotton Pvt Ltd           CC                 CRISIL B       265     Reaffirmed
Issuer Not Cooperating; Rating Migrated
White Gold Cotton Industries            CC                 CRISIL B       140     Reaffirmed
Issuer Not Cooperating
White House.                            LT Loan            CRISIL BBB+    50      Reaffirmed
White House.                            Proposed LT Bk     CRISIL BBB+    182.5   Reaffirmed
                                        Loan Fac
White Lotus Cotyledon Pvt Ltd           CC                 CRISIL D       70.5    Reaffirmed
Issuer Not Cooperating; Rating Migrated
White Lotus Cotyledon Pvt Ltd           Proposed LT Bk     CRISIL D       104.5   Reaffirmed
                                        Loan Fac
Issuer Not Cooperating; Rating Migrated
White Lotus Cotyledon Pvt Ltd           TL                 CRISIL D       25      Reaffirmed
Issuer Not Cooperating; Rating Migrated
Wobillahi                               CC                 CRISIL B       30      Reaffirmed
Issuer Not Cooperating
Wobillahi                               Rupee TL           CRISIL B       40      Reaffirmed
Issuer Not Cooperating
Yankee Constructions LLP                CC                 CRISIL BB-     35      Reaffirmed
Yankee Constructions LLP                Proposed LT Bk     CRISIL BB-     12.5    Reaffirmed
                                        Loan Fac
Yash Electrical Systems                 CC                 CRISIL BB-     40      Assigned
Yogeshwari Petro Chemicals Pvt Ltd      CC                 CRISIL B       30      Reaffirmed
Issuer Not Cooperating
Yogeshwari Petro Chemicals Pvt Ltd      Proposed LT Bk     CRISIL B       20      Reaffirmed
                                        Loan Fac
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@thomsonreuters.com)
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