September 26, 2019 / 8:11 AM / 20 days ago

CRISIL ratings for Indian debt instruments-Sep 26

    Sep 26 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of September 25, 2019.

COMPANY                               INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                        (RS.MLN)
------                                ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Alpa Laboratories Ltd                   BG                 CRISIL A4+     10      Reaffirmed
(Issuer Not Cooperating)
Alpa Laboratories Ltd                   LOC                CRISIL A4+     10      Reaffirmed
(Issuer Not Cooperating)
Axsys Solutions                         BG                 CRISIL A4      50      Withdrawn
(Issuer Not Cooperating)
Axsys Solutions                         LOC                CRISIL A4      62.5    Withdrawn
(Issuer Not Cooperating)
Axsys Solutions                         Standby Line of    CRISIL A4      5       Withdrawn
                                        Credit
(Issuer Not Cooperating)
Balaji Automotives                      BG                 CRISIL A4+     90      Assigned
BC Power Controls Ltd                   BG                 CRISIL A4+     10      Reaffirmed
(Issuer Not Cooperating)
BC Power Controls Ltd                   Foreign Bill       CRISIL A4+     100     Reaffirmed
                                        Purchase
(Issuer Not Cooperating)
BC Power Controls Ltd                   LOC                CRISIL A4+     20      Reaffirmed
(Issuer Not Cooperating)
BC Power Controls Ltd                   Packing Credit     CRISIL A4+     95      Reaffirmed
(Issuer Not Cooperating)
Bostin Engineers Pvt Ltd                BG                 CRISIL A4      65      Reaffirmed
Bostin Engineers Pvt Ltd                Inland/Import LOC  CRISIL A4      24      Reaffirmed
Clay Craft India Pvt Ltd                BG                 CRISIL A3+     2.5     Reaffirmed
Clay Craft India Pvt Ltd                LOC                CRISIL A3+     2.5     Reaffirmed
Damara Gold Pvt Ltd                     Proposed BG        CRISIL A3+     50      Reaffirmed
Dev Engineers                           BG                 CRISIL A4+     800     Reaffirmed
Hanuman Rice Mills - Karnal             Capex LOC          CRISIL A4      17.5    -
IC Electricals Company Pvt Ltd          BG                 CRISIL A4+     120     Reaffirmed
India Infoline Finance Ltd Sparkle      Series A PTCs      CRISIL A1+ (SO)1499.9  Assigned
Trust June 2019
(Converted from Provisional Rating to Final Rating)
Injectoplast Pvt Ltd                    BG                 CRISIL A2      20      Reaffirmed
(Continues on Rating Watch with Negative Implications)
Injectoplast Pvt Ltd                    LOC                CRISIL A2      50      Reaffirmed
(Continues on Rating Watch with Negative Implications)
Jaichand Lal Singhi                     BG                 CRISIL A4+     90      Revised from
                                                                                  CRISIL A3
(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
Malkani Alloys                          BG                 CRISIL A4+     5       Reassigned
Mantora Oil Products Pvt Ltd            Import LOC Limit   CRISIL A3+     500     Rating
                                                                                  Migrated
(Issuer Not Cooperating)
Masibus Automation and Instrumentation  BG                 CRISIL A3      70      Reaffirmed
Pvt Ltd
Menon and Menon Ltd                     BG                 CRISIL A4+     50      Migrated from
                                                                                  CRISIL A3+
(Issuer Not Cooperating)
Menon and Menon Ltd                     LOC                CRISIL A4+     40      Migrated from
                                                                                  CRISIL A3+
(Issuer Not Cooperating)
Nirmal Inductomelts Pvt Ltd             LOC                CRISIL A4+     50      Rating
                                                                                  Migrated
(Issuer Not Cooperating)
Nishika Roadlines                       BG                 CRISIL A4+     50      Assigned
Padma Plywood Pvt Ltd                   BG                 CRISIL A4+     1.2     Assigned
PJS Overseas Ltd                        Foreign Exchange   CRISIL A3      50      Reaffirmed
                                        Forward
PJS Overseas Ltd                        Proposed Packing   CRISIL A3      600     Reaffirmed
                                        Credit
Premier Civil Contracts Pvt Ltd         BG                 CRISIL A4+     10      Reaffirmed
Priyanka Processors Pvt Ltd             BG                 CRISIL A4      3.4     Withdrawn
(Issuer Not Cooperating)
Priyanka Processors Pvt Ltd             CC                 CRISIL A4      40      Withdrawn
(Issuer Not Cooperating)
Priyanka Processors Pvt Ltd             Proposed TL        CRISIL A4      4       Withdrawn
(Issuer Not Cooperating)
Priyanka Processors Pvt Ltd             TL                 CRISIL A4      18      Withdrawn
(Issuer Not Cooperating)
R. K. Mahajan Govt. Contractor          BG                 CRISIL A4+     94      Reaffirmed
Rohan Motors Ltd                        BG                 CRISIL A3      75      Rating
                                                                                  Migrated
(Issuer Not Cooperating)
Saam Textiles Pvt Ltd                   LOC                CRISIL A4+     20      Reaffirmed
Saam Textiles Pvt Ltd                   Packing Credit     CRISIL A4+     350     Reaffirmed
Saam Textiles Pvt Ltd                   Post Shipment      CRISIL A4+     437.5   Reaffirmed
                                        Credit
Sahney Commutators Pvt Ltd              LOC & BG           CRISIL A4+     44      Revised from
                                                                                  CRISIL A3+
(Issuer Not Cooperating)
Saimax Ceramic Pvt Ltd                  BG                 CRISIL A4+     12.5    Rating
                                                                                  Migrated
(Issuer Not Cooperating)
Samosaran Yarns Pvt Ltd                 BG                 CRISIL A3      30      Migrated from
                                                                                  CRISIL A4+
(Issuer Not Cooperating)
Shakthi Electricals Chennai Pvt Ltd     BG                 CRISIL A4+     90      Reaffirmed
Shakun Polymers Ltd                     BG                 CRISIL A2      5       Reaffirmed
Shakun Polymers Ltd                     Bill Purc-Dis Fac  CRISIL A2      170     Reaffirmed
Shalimar Chemical Works Pvt Ltd         Proposed NFBL      CRISIL A4+     4.8     Revised from
                                                                                  CRISIL A3+
(Issuer Not Cooperating)
Shiny Shipping and Logistics Pvt Ltd    BG                 CRISIL A3      80      Reaffirmed
Shiny Shipping and Logistics Pvt Ltd    LOC                CRISIL A3      88      Reaffirmed
Shrine Engineering Pvt Ltd              BG                 CRISIL A4      35      Assigned
Shyam Enterprises-Jamshedpur            BG                 CRISIL A4+     10      Migrated from
                                                                                  CRISIL A3
(Issuer Not Cooperating)
Shyam Enterprises-Jamshedpur            LOC                CRISIL A4+     20      Migrated from
                                                                                  CRISIL A3
(Issuer Not Cooperating)
Silver Sea Food                         Export Packing     CRISIL A2      366     Reaffirmed
                                        Credit
Silver Sea Food                         Foreign Exchange   CRISIL A2      34      Reaffirmed
                                        Forward
SK Petro Services Pvt Ltd               BG                 CRISIL A4+     90      Migrated from
                                                                                  CRISIL A3
(Issuer Not Cooperating)
Sonic Biochem Extractions Pvt Ltd       BG                 CRISIL A2      55      Assigned
Sonu Exim Pvt Ltd                       Bill Discounting   CRISIL A4+     50      Revised from
                                                                                  CRISIL A3
(Issuer Not Cooperating)
Sri Kakatiya Industries (India) Pvt Ltd BG                 CRISIL A4+     34      Migrated from
                                                                                  CRISIL A4+
(Issuer Not Cooperating)
ST. George Electronica Pvt Ltd          Overdraft          CRISIL A4      204.5   Reaffirmed
St. George Foods                        Packing Credit     CRISIL A4+     75      Reaffirmed
Texmo Industries                        LOC & BG           CRISIL A1+     70      Reaffirmed
Yazaki India Pvt Ltd                    Buyer`s Credit^    CRISIL A2+     300     Reaffirmed
^Interchangeable with working capital demand loan

LONG TERM RATINGS:
-------------------
A P Organics Ltd                        Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Aachi Special Foods Pvt Ltd             Proposed LT Bk     CRISIL         200     Revised from
                                        Loan Fac           B+/Stable              CRISIL
                                                                                  BB+/Stable
(Issuer Not Cooperating)
Aachi Special Foods Pvt Ltd             Warehouse Receipts CRISIL         400     Revised from
                                                           B+/Stable              CRISIL
                                                                                  BB+/Stable
(Issuer Not Cooperating)
Accurate Products Corporation Pvt Ltd   Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Alpa Laboratories Ltd                   CC                 CRISIL BB+     140     Reaffirmed
(Issuer Not Cooperating)
Arihant Industrial Corporation Ltd      BG                 CRISIL         30      Withdrawn
                                                           BB+/Stable
(Issuer Not Cooperating)
Arihant Industrial Corporation Ltd      CC                 CRISIL         60      Withdrawn
                                                           BB+/Stable
(Issuer Not Cooperating)
Arihant Industrial Corporation Ltd      LOC                CRISIL         20      Withdrawn
                                                           BB+/Stable
(Issuer Not Cooperating)
Arihant Industrial Corporation Ltd      Standby Line of    CRISIL         10      Withdrawn
                                        Credit             BB+/Stable
(Issuer Not Cooperating)
Arihant Industrial Corporation Ltd      TL                 CRISIL         150     Withdrawn
                                                           BB+/Stable
(Issuer Not Cooperating)
Aryabhatta Academic Society             Overdraft          CRISIL         100     Migrated from
                                                           BB+/Stable             CRISIL
                                                                                  BBB-/Stable
(Issuer Not Cooperating)
Ashoka Developers                       TL                 CRISIL         100     Reaffirmed
                                                           BB-/Stable
(Issuer Not Cooperating)
Axsys Solutions                         CC                 CRISIL         25      Withdrawn
                                                           B-/Stable
(Issuer Not Cooperating)
Axsys Solutions                         Proposed LT Bk     CRISIL         58.5    Withdrawn
                                        Loan Fac           B-/Stable
(Issuer Not Cooperating)
Axsys Solutions                         TL                 CRISIL         24      Withdrawn
                                                           B-/Stable
(Issuer Not Cooperating)
Balahanuman Plastic Industries Pvt Ltd  CC                 CRISIL         25      Downgraded
                                                           B+/Stable              from CRISIL
                                                                                  BB-/Stable
Balahanuman Plastic Industries Pvt Ltd  LT Loan            CRISIL         45.2    Downgraded
                                                           B+/Stable              from CRISIL
                                                                                  BB-/Stable
Balaji Automotives                      Proposed LT Bk     CRISIL         38      Assigned
                                        Loan Fac           BB/Stable
Balaji Automotives                      Overdraft          CRISIL         30      Assigned
                                                           BB/Stable
Balaji Automotives                      LT Loan            CRISIL         32      Assigned
                                                           BB/Stable
BC Power Controls Ltd                   CC                 CRISIL         25      Reaffirmed
                                                           BB/Stable
(Issuer Not Cooperating)
Bhaskar Silk Mills Pvt Ltd              CC                 CRISIL         49.5    Rating
                                                           BB/Stable              Migrated
(Issuer Not Cooperating)
Bhaskar Silk Mills Pvt Ltd              TL                 CRISIL         60.5    Rating
                                                           BB/Stable              Migrated
(Issuer Not Cooperating)
Bostin Engineers Pvt Ltd                CC                 CRISIL         60      Reaffirmed
                                                           B-/Stable
Cheran Spinning Mills Pvt Ltd           CC                 CRISIL         250     Reaffirmed
                                                           BBB/Stable
Cheran Spinning Mills Pvt Ltd           LT Loan            CRISIL         100     Reaffirmed
                                                           BBB/Stable
Cheran Spinning Mills Pvt Ltd           Proposed LT Bk     CRISIL         20      Reaffirmed
                                        Loan Fac           BBB/Stable
Clay Craft India Pvt Ltd                CC                 CRISIL         180     Reaffirmed
                                                           BBB/Stable
Clay Craft India Pvt Ltd                Proposed Rupee TL  CRISIL         13      Reaffirmed
                                                           BBB/Stable
Clay Craft India Pvt Ltd                Rupee TL           CRISIL         48.2    Reaffirmed
                                                           BBB/Stable
Clay Craft India Pvt Ltd                SME Gold Card      CRISIL         18      Reaffirmed
                                                           BBB/Stable
Damara Gold Pvt Ltd                     Proposed LT Bk     CRISIL         191     Reaffirmed
                                        Loan Fac           BBB/Negative
Damara Gold Pvt Ltd                     Rupee TL           CRISIL         60      Reaffirmed
                                                           BBB/Negative
Damara Gold Pvt Ltd                     WC Fac             CRISIL         560     Reaffirmed
                                                           BBB/Negative
Dev Engineers                           CC                 CRISIL         200     Reaffirmed
                                                           BB+/Stable
Dhariwal Industries Pvt Ltd             CC                 CRISIL         110     Migrated from
                                                           BB+/Stable             CRISIL
                                                                                  BB+/Stable
(Issuer Not Cooperating)
Dhariwal Industries Pvt Ltd             Rupee TL           CRISIL         145.3   Migrated from
                                                           BB+/Stable             CRISIL
                                                                                  BB+/Stable
(Issuer Not Cooperating)
Dhariwal Industries Pvt Ltd             Secured Overdraft  CRISIL         60      Migrated from
                                        Fac                BB+/Stable             CRISIL
                                                                                  BB+/Stable
(Issuer Not Cooperating)
Din Dayal Purushottam Lal               CC                 CRISIL         750     Withdrawn
                                                           B+/Stable
(Issuer Not Cooperating)
Evergreen Publications (India) Ltd      Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Faith Industries Ltd                    CC                 CRISIL         147.5   Withdrawn
                                                           BB-/Stable
(Issuer Not Cooperating)
Faith Industries Ltd                    TL                 CRISIL         2       Withdrawn
                                                           BB-/Stable
(Issuer Not Cooperating)
Fusion Micro Finance Pvt Ltd            Proposed LT Bk     CRISIL         5000    Assigned
                                        Loan Fac           A-/Stable
                                                           (Assigned)
Ganpati Foods                           CC                 CRISIL         180     Withdrawn
                                                           B+/Stable
(Issuer Not Cooperating)
Ganpati Foods                           LT Loan            CRISIL         2.2     Withdrawn
                                                           B+/Stable
(Issuer Not Cooperating)
Ganpati Foods                           Warehouse Receipts CRISIL         122.8   Withdrawn
                                                           B+/Stable
(Issuer Not Cooperating)
Golden Vats Pvt Ltd                     CC                 CRISIL         250     Reaffirmed
                                                           BBB-/Stable
Golden Vats Pvt Ltd                     Proposed LT Bk     CRISIL         150     Reaffirmed
                                        Loan Fac           BBB-/Stable
Greta Energy Ltd                        CC                 CRISIL         65      Reaffirmed
                                                           BBB-/Stable
Greta Energy Ltd                        TL                 CRISIL         100     Reaffirmed
                                                           BBB-/Stable
Hanuman Rice Mills - Karnal             CC                 CRISIL B       150     -
(Issuer Not Cooperating)
Hanuman Rice Mills - Karnal             Proposed LT Bk     CRISIL B       12.5    -
                                        Loan Fac
(Issuer Not Cooperating)
IC Electricals Company Pvt Ltd          CC                 CRISIL         180     Reaffirmed
                                                           BB/Stable
Indian Sucrose Ltd                      CC                 CRISIL         1500    Revised from
                                                           B+/Stable              CRISIL
                                                                                  BB-/Stable
(Issuer Not Cooperating)
Ingress Autoventures India Pvt Ltd      Proposed WC Fac    CRISIL         30      Migrated from
                                                           BB+/Stable             CRISIL
                                                                                  BBB-/Stable
(Issuer Not Cooperating)
Ingress Autoventures India Pvt Ltd      WC Fac             CRISIL         70      Migrated from
                                                           BB+/Stable             CRISIL
                                                                                  BBB-/Stable
(Issuer Not Cooperating)
Injectoplast Pvt Ltd                    CC                 CRISIL BBB+    150     Reaffirmed
(Continues on Rating Watch with Negative Implications)
Injectoplast Pvt Ltd                    Proposed LT Bk     CRISIL BBB+    105     Reaffirmed
                                        Loan Fac
(Continues on Rating Watch with Negative Implications)
Jagmohan Motors Ltd                     CC                 CRISIL         250     Migrated from
                                                           BB+/Stable             CRISIL
                                                                                  BBB-/Stable
(Issuer Not Cooperating)
Jagmohan Motors Ltd                     Channel Financing  CRISIL         95      Migrated from
                                                           BB+/Stable             CRISIL
                                                                                  BBB-/Stable
(Issuer Not Cooperating)
Jagmohan Motors Ltd                     Proposed LT Bk     CRISIL         5       Migrated from
                                        Loan Fac           BB+/Stable             CRISIL
                                                                                  BBB-/Stable
(Issuer Not Cooperating)
Jaichand Lal Singhi                     CC                 CRISIL         5       Migrated from
                                                           BB+/Stable             CRISIL
                                                                                  BBB-/Stable
(Issuer Not Cooperating)
Jaichand Lal Singhi                     Proposed LT Bk     CRISIL         45      Migrated from
                                        Loan Fac           BB+/Stable             CRISIL
                                                                                  BBB-/Stable
(Issuer Not Cooperating)
Jaika Automobiles Pvt Ltd               CC                 CRISIL         150     Reaffirmed
                                                           BB/Stable
Jaika Automobiles Pvt Ltd               Inventory Funding  CRISIL         70      Reaffirmed
                                        Fac                BB/Stable
Jaika Automobiles Pvt Ltd               TL                 CRISIL         20      Reaffirmed
                                                           BB/Stable
Jindal Industries Pvt Ltd               CC**##             CRISIL A/Stable400     Reaffirmed
##Fund-based to non-fund-based interchangeability allowed
**Includes bill discount, buyer credit, packing credit, short-term working capital demand loan
Jindal Industries Pvt Ltd               CC**##             CRISIL A/Stable550     Reaffirmed
##Fund-based to non-fund-based interchangeability allowed
**Includes bill discount, buyer credit, packing credit, short-term working capital demand loan
Jindal Industries Pvt Ltd               CC**##             CRISIL A/Stable150     Reaffirmed
##Fund-based to non-fund-based interchangeability allowed
**Includes bill discount, buyer credit, packing credit, short-term working capital demand loan
Jindal Industries Pvt Ltd               CC**##             CRISIL A/Stable200     Reaffirmed
##Fund-based to non-fund-based interchangeability allowed
**Includes bill discount, buyer credit, packing credit, short-term working capital demand loan
Jindal Industries Pvt Ltd               LOC & BG@#         CRISIL A/Stable200     Reaffirmed
#Non-fund-based to fund-based interchangeability allowed,@Includes bank guarantee, letter of
credit & letter of undertakings
K. N. Motors Pvt Ltd                    Electronic Dealer  CRISIL         160     Migrated from
                                        Financing          BB+/Stable             CRISIL
                                        Scheme(e-DFS)                             BBB-/Negative
(Issuer Not Cooperating)
Kay Bee Cotgin Pvt Ltd                  CC                 CRISIL D       70      Downgraded
                                                                                  from CRISIL
                                                                                  B-/Stable
Leeford Healthcare Ltd                  CC                 CRISIL         500     Rating
                                                           BBB/Stable             Migrated
(Issuer Not Cooperating)
Lotus Chocolate Co. Ltd                 CC                 CRISIL         80      Upgraded from
                                                           BB/Stable              CRISIL
                                                                                  B+/Stable
Magnum Mi Steel Pvt Ltd                 Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Mal Metalliks Pvt Ltd                   Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Malkani Alloys                          CC                 CRISIL         15      Upgraded from
                                                           BB-/Stable             CRISIL
                                                                                  B+/Stable
Malkani Alloys                          Proposed LT Bk     CRISIL         36.8    Upgraded from
                                        Loan Fac           BB-/Stable             CRISIL
                                                                                  B+/Stable
Malkani Alloys                          TL                 CRISIL         43.2    Upgraded from
                                                           BB-/Stable             CRISIL
                                                                                  B+/Stable
Mangalore Minerals Pvt Ltd              Bill Discounting   CRISIL B/Stable1.5     Withdrawn
(Issuer Not Cooperating)
Mangalore Minerals Pvt Ltd              CC                 CRISIL B/Stable110     Withdrawn
(Issuer Not Cooperating)
Mangalore Minerals Pvt Ltd              TL                 CRISIL B/Stable275.5   Withdrawn
(Issuer Not Cooperating)
Mantora Oil Products Pvt Ltd            CC                 CRISIL         400     Rating
                                                           BBB/Stable             Migrated
(Issuer Not Cooperating)
Mantora Oil Products Pvt Ltd            Foreign LOC        CRISIL         100     Rating
                                                           BBB/Stable             Migrated
(Issuer Not Cooperating)
Masibus Automation and Instrumentation  Bill Discounting   CRISIL         10      Reaffirmed
Pvt Ltd                                                    BBB-/Stable
Masibus Automation and Instrumentation  CC                 CRISIL         60      Reaffirmed
Pvt Ltd                                                    BBB-/Stable
Masibus Automation and Instrumentation  Proposed LT Bk     CRISIL         105     Reaffirmed
Pvt Ltd                                 Loan Fac           BBB-/Stable
Menon and Menon Ltd                     CC                 CRISIL         105     Migrated from
                                                           BB+/Stable             CRISIL
                                                                                  BBB/Stable
(Issuer Not Cooperating)
Menon and Menon Ltd                     TL                 CRISIL         570.3   Migrated from
                                                           BB+/Stable             CRISIL
                                                                                  BBB/Stable
(Issuer Not Cooperating)
Mithila Motors Pvt Ltd                  CC                 CRISIL         300     Reaffirmed
                                                           BB+/Stable
Mithila Motors Pvt Ltd                  Channel Financing  CRISIL         400     Reaffirmed
                                                           BB+/Stable
Mithila Motors Pvt Ltd                  Inventory Funding  CRISIL         300     Reaffirmed
                                        Fac                BB+/Stable
Multitech Auto Pvt Ltd                  Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Neysa Jewellery Ltd                     Bill Discounting   CRISIL D       93.7    Reaffirmed
Neysa Jewellery Ltd                     Export Packing     CRISIL D       75.8    Reaffirmed
                                        Credit
Neysa Jewellery Ltd                     Funded Interest TL CRISIL D       204.8   Reaffirmed
Neysa Jewellery Ltd                     Packing Credit     CRISIL D       266.7   Reaffirmed
Neysa Jewellery Ltd                     Post Shipment      CRISIL D       313.9   Reaffirmed
                                        Credit
Neysa Jewellery Ltd                     Proposed LT Bk     CRISIL D       427.9   Reaffirmed
                                        Loan Fac
Neysa Jewellery Ltd                     TL                 CRISIL D       21.1    Reaffirmed
Neysa Jewellery Ltd                     WC TL              CRISIL D       346.1   Reaffirmed
Nirmal Inductomelts Pvt Ltd             CC                 CRISIL         160     Rating
                                                           BB+/Stable             Migrated
(Issuer Not Cooperating)
Nirmal Inductomelts Pvt Ltd             LT Loan            CRISIL         11      Rating
                                                           BB+/Stable             Migrated
(Issuer Not Cooperating)
Nishika Roadlines                       CC                 CRISIL         25      Assigned
                                                           BB/Stable
Nova Publications                       Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Nova Publications and Printers Pvt Ltd  Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Padma Plywood Pvt Ltd                   Proposed FB Bk     CRISIL BB-     3.8     Assigned
                                        Limits
Padma Plywood Pvt Ltd                   CC                 CRISIL BB-     40      Assigned
PJS Overseas Ltd                        Export Packing     CRISIL         350     Reaffirmed
                                        Credit             BBB-/Stable
Premier Civil Contracts Pvt Ltd         CC*                CRISIL         50      Reaffirmed
                                                           BB/Stable
*reduced to Rs 5.00 crore in fiscal 2019
Premier Civil Contracts Pvt Ltd         Proposed LT Bk     CRISIL         10      Reaffirmed
                                        Loan Fac           BB/Stable
R G Bronze Mfg. Company Pvt Ltd         CC                 CRISIL         75      Revised from
                                                           BB+/Stable             CRISIL
                                                                                  BBB/Stable
R M Dhariwal (HUF)                      CC                 CRISIL BB+     70      Migrated from
                                                                                  CRISIL
                                                                                  BB+/Stable
(Issuer Not Cooperating)
R. K. Mahajan Govt. Contractor          CC                 CRISIL         50      Reaffirmed
                                                           BB/Stable
R. K. Mahajan Govt. Contractor          LT Loan            CRISIL         16      Reaffirmed
                                                           BB/Stable
Radheshyam Cottex - Rajkot              TL                 CRISIL BB-     1.2     Assigned
Radheshyam Cottex - Rajkot              CC                 CRISIL BB-     95      Assigned
Radheshyam Cottex - Rajkot              Proposed FB Bk     CRISIL BB-     96.7    Assigned
                                        Limits
Rays Power Infra Pvt Ltd                Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Renuka Constructions - Pune             Project Loan       CRISIL B       100     Withdrawn
(Issuer Not Cooperating)
Revive Realty Ltd                       Drop Line          CRISIL         396     Reaffirmed
                                        Overdraft Fac      BBB/Stable
Revive Realty Ltd                       Proposed LT Bk     CRISIL         60      Reaffirmed
                                        Loan Fac           BBB/Stable
Revive Realty Ltd                       TL                 CRISIL         204     Reaffirmed
                                                           BBB/Stable
Ricela Health Foods Ltd                 Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Rohan Motors Ltd                        Bill Discounting   CRISIL         30      Rating
                                                           BBB-/Stable            Migrated
(Issuer Not Cooperating)
Rohan Motors Ltd                        CC                 CRISIL         400     Rating
                                                           BBB-/Stable            Migrated
(Issuer Not Cooperating)
RY Midas Alluminiums Pvt Ltd            CC                 CRISIL         190     Reaffirmed
                                                           BB/Stable
RY Midas Alluminiums Pvt Ltd            LT Loan            CRISIL         10      Reaffirmed
                                                           BB/Stable
RY Midas Alluminiums Pvt Ltd            WC Demand Loan     CRISIL         100     Reaffirmed
                                                           BB/Stable
S.K.S Educational And Social Trust      Overdraft          CRISIL BB+     140     Migrated from
                                                                                  CRISIL
                                                                                  BBB+/Stable
(Issuer Not Cooperating)
S.K.S Educational And Social Trust      Proposed TL        CRISIL BB+     110     Migrated from
                                                                                  CRISIL
                                                                                  BBB+/Stable
(Issuer Not Cooperating)
Saam Textiles Pvt Ltd                   Standby Line of    CRISIL         150     Reaffirmed
                                        Credit             BB+/Positive
(Outlook revised from Stable)
Saam Textiles Pvt Ltd                   TL                 CRISIL         42.5    Reaffirmed
                                                           BB+/Positive
(Outlook revised from Stable)
Sahney Commutators Pvt Ltd              CC                 CRISIL         110     Revised from
                                                           BB+/Stable             CRISIL
                                                                                  BBB/Stable
(Issuer Not Cooperating)
Sahney Commutators Pvt Ltd              Proposed LT Bk     CRISIL         46      Revised from
                                        Loan Fac           BB+/Stable             CRISIL
                                                                                  BBB/Stable
(Issuer Not Cooperating)
Saimax Ceramic Pvt Ltd                  CC                 CRISIL         25      Rating
                                                           BB/Stable              Migrated
(Issuer Not Cooperating)
Saimax Ceramic Pvt Ltd                  WC TL              CRISIL         30      Rating
                                                           BB/Stable              Migrated
(Issuer Not Cooperating)
Samosaran Syntex Pvt Ltd                CC                 CRISIL         250     Migrated from
                                                           BB+/Stable             CRISIL
                                                                                  BB+/Stable
(Issuer Not Cooperating)
Samosaran Syntex Pvt Ltd                Proposed FB Bk     CRISIL         125     Migrated from
                                        Limits             BB+/Stable             CRISIL
                                                                                  BB+/Stable
(Issuer Not Cooperating)
Samosaran Yarns Pvt Ltd                 CC                 CRISIL         400     Migrated from
                                                           BBB-/Stable            CRISIL
                                                                                  BB+/Stable
(Issuer Not Cooperating)
Samosaran Yarns Pvt Ltd                 LT Loan            CRISIL         386     Migrated from
                                                           BBB-/Stable            CRISIL
                                                                                  BB+/Stable
(Issuer Not Cooperating)
Seemanchal Motors Pvt Ltd               CC                 CRISIL         6       Migrated from
                                                           BB+/Stable             CRISIL
                                                                                  BBB/Stable
(Issuer Not Cooperating)
Seemanchal Motors Pvt Ltd               Electronic Dealer  CRISIL         145     Migrated from
                                        Financing          BB+/Stable             CRISIL
                                        Scheme(e-DFS)                             BBB/Stable
(Issuer Not Cooperating)
Seemanchal Motors Pvt Ltd               LT Loan            CRISIL         20      Migrated from
                                                           BB+/Stable             CRISIL
                                                                                  BBB/Stable
(Issuer Not Cooperating)
Seemanchal Motors Pvt Ltd               Proposed LT Bk     CRISIL         25      Migrated from
                                        Loan Fac           BB+/Stable             CRISIL
                                                                                  BBB/Stable
(Issuer Not Cooperating)
Shakthi Electricals Chennai Pvt Ltd     CC                 CRISIL         40      Reaffirmed
                                                           BB-/Stable
Shakthi Electricals Chennai Pvt Ltd     LT Loan            CRISIL         150     Reaffirmed
                                                           BB-/Stable
Shakun Polymers Ltd                     CC                 CRISIL         430     Reaffirmed
                                                           BBB+/Stable
Shakun Polymers Ltd                     LT Loan            CRISIL         110     Reaffirmed
                                                           BBB+/Stable
Shalimar Chemical Works Pvt Ltd         CC                 CRISIL         297     Revised from
                                                           BB+/Stable             CRISIL
                                                                                  BBB/Negative
(Issuer Not Cooperating)
Shalimar Chemical Works Pvt Ltd         TL                 CRISIL         98.2    Revised from
                                                           BB+/Stable             CRISIL
                                                                                  BBB/Negative
(Issuer Not Cooperating)
Shiny Shipping and Logistics Pvt Ltd    CC                 CRISIL         75      Reaffirmed
                                                           BBB-/Stable
Shiny Shipping and Logistics Pvt Ltd    TL                 CRISIL         67      Reaffirmed
                                                           BBB-/Stable
Shivalik Engineering Industries Ltd     CC                 CRISIL         200     Migrated from
                                                           BB+/Stable             CRISIL
                                                                                  BBB/Stable
(Issuer Not Cooperating)
Shivalik Engineering Industries Ltd     TL                 CRISIL         400     Migrated from
                                                           BB+/Stable             CRISIL
                                                                                  BBB/Stable
(Issuer Not Cooperating)
Shivalik Power and Steel Pvt Ltd        CC                 CRISIL         150     Migrated from
                                                           BB+/Stable             CRISIL
                                                                                  BBB/Stable
(Issuer Not Cooperating)
Shivalik Power and Steel Pvt Ltd        LT Loan            CRISIL         30      Migrated from
                                                           BB+/Stable             CRISIL
                                                                                  BBB/Stable
(Issuer Not Cooperating)
Shrine Engineering Pvt Ltd              Proposed CC Limit  CRISIL B+      5       Assigned
Shrine Engineering Pvt Ltd              CC                 CRISIL B+      20      Assigned
Shyam Enterprises-Jamshedpur            CC                 CRISIL BB+     40      Migrated from
                                                                                  CRISIL
                                                                                  BBB-/Stable
(Issuer Not Cooperating)
Shyam Enterprises-Jamshedpur            LT Loan            CRISIL BB+     31.3    Migrated from
                                                                                  CRISIL
                                                                                  BBB-/Stable
(Issuer Not Cooperating)
Sibrama Newage                          Packing Credit     CRISIL         120     Migrated from
                                                           BBB-/Stable            CRISIL
                                                                                  BBB/Stable
(Issuer Not Cooperating)
Simar Pride Ventures Llp                LT Loan            CRISIL         200     Assigned
                                                           B+/Stable
Singh Technoinfra Pvt Ltd               Overdraft          CRISIL B/Stable65      Assigned
SK Petro Services Pvt Ltd               CC/ Overdraft Fac  CRISIL         80      Migrated from
                                                           BB+/Stable             CRISIL
                                                                                  BBB-/Stable
(Issuer Not Cooperating)
Solo Metals Pvt Ltd                     BG                 CRISIL D       15      Downgraded
                                                                                  from CRISIL
                                                                                  BB/Stable
Solo Metals Pvt Ltd                     CC                 CRISIL D       232.5   Downgraded
                                                                                  from CRISIL
                                                                                  BB/Stable
Sonia Fisheries Pvt Ltd                 Export Packing     CRISIL         250
                                        Credit             BBB+/Stable
Sonic Biochem Extractions Pvt Ltd       CC                 CRISIL         145
                                                           BBB+/Stable
Sonu Exim Pvt Ltd                       Export Packing     CRISIL         150     Revised from
                                        Credit             BB+/Stable             CRISIL
                                                                                  BBB-/Stable
(Issuer Not Cooperating)
Sri Kakatiya Industries (India) Pvt Ltd CC                 CRISIL         120     Migrated from
                                                           BB/Stable              CRISIL
                                                                                  BB/Stable
(Issuer Not Cooperating)
Sri Kakatiya Industries (India) Pvt Ltd LT Loan            CRISIL         31      Migrated from
                                                           BB/Stable              CRISIL
                                                                                  BB/Stable
(Issuer Not Cooperating)
Sri Saraswathi Timber And Plywoods      Foreign LOC        CRISIL         120     Assigned
                                                           B+/Stable
Sri Saraswathi Timber And Plywoods      Secured Overdraft  CRISIL         20      Assigned
                                        Fac                B+/Stable
Sri Saraswathi Timber Mart              Foreign LOC        CRISIL         120     Assigned
                                                           B+/Stable
Sri Saraswathi Timber Mart              Secured Overdraft  CRISIL         20      Assigned
                                        Fac                B+/Stable
ST. George Electronica Pvt Ltd          TL                 CRISIL         162     Reaffirmed
                                                           B-/Stable
ST. George Electronica Pvt Ltd          WC Fac             CRISIL         120.5   Reaffirmed
                                                           B-/Stable
St. George Foods                        CC                 CRISIL         60      Reaffirmed
                                                           BB/Stable
St. George Foods                        TL                 CRISIL         8       Reaffirmed
                                                           BB/Stable
Sulav Flour Mill                        TL                 CRISIL         55      Assigned
                                                           B+/Stable
Sulav Flour Mill                        CC                 CRISIL         25      Assigned
                                                           B+/Stable
Sulav Flour Mill                        Proposed CC Limit  CRISIL         10      Assigned
                                                           B+/Stable
Sundarlam Industries                    Overdraft          CRISIL         25      Assigned
                                                           B+/Stable
Texmo Industries                        CC                 CRISIL         650     Reaffirmed
                                                           AA-/Stable
Texmo Industries                        Proposed TL        CRISIL         850     Reaffirmed
                                                           AA-/Stable
The Satya Educational Society           LT Loan            CRISIL         250     Migrated from
                                                           BB+/Stable             CRISIL
                                                                                  BBB-/Stable
Vaidyaratnam Oushadhasala Pvt Ltd       CC                 CRISIL         100     Reaffirmed
                                                           BBB-/Stable
Ved Parkash and Sons                    Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Vikas Ecotech Ltd                       CC                 CRISIL         405     Withdrawn
                                                           BB+/Stable
(Issuer Not Cooperating)
Vikas Ecotech Ltd                       Export Packing     CRISIL         360     Withdrawn
                                        Credit & Export    BB+/Stable
                                        Bills Negotiation/Foreign Bill discounting
(Issuer Not Cooperating)
Vikas Ecotech Ltd                       LOC & BG           CRISIL         345     Withdrawn
                                                           BB+/Stable
(Issuer Not Cooperating)
Vikas Ecotech Ltd                       TL                 CRISIL         90      Withdrawn
                                                           BB+/Stable
(Issuer Not Cooperating)
Vitthalrao Shinde Sahakari Sakhar       Proposed WC Fac    CRISIL         900     -
Karkhana Ltd                                               BB-/Stable
Reaffirmed and Withdrawn
Vitthalrao Shinde Sahakari Sakhar       Sugar Pledge CC    CRISIL         2750    -
Karkhana Ltd                                               BB-/Stable
Reaffirmed and Withdrawn
Yazaki India Pvt Ltd                    WC Demand Loan^^   CRISIL         240     Reaffirmed
                                                           A-/Stable
^^Interchangeable with buyer's credit and overdraft
Yazaki India Pvt Ltd                    WC Demand Loan#    CRISIL         300     Reaffirmed
                                                           A-/Stable
#Interchangeable with vendor bill discounting
--------------------------------------------------------------------------------------------
$: 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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