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

CRISIL ratings for Indian debt instruments-Sep 29

    Sep 29  - Below are the ratings awarded by Credit Rating Information Service of India
(CRISIL) for local debt instruments as of September 28, 2020.


COMPANY                               INSTRUMENT         RATING        AMOUNT  MOVEMENT
                                                                       (RS.MLN)
------                                ----------         ------        -----   ---------
SHORT TERM RATINGS:
-------------------
Adam & Coal Resources Pvt Ltd          LOC               CRISIL A4+    1194.5 Reaffirmed
Ajit Construction Company              BG                CRISIL A4+    109.6  Assigned
Athena Tradewinds Pvt Ltd              LOC               CRISIL A4+    140    Reaffirmed
C.R.I. Pumps Pvt Ltd                   CP                CRISIL A1     550    Reaffirmed
C.R.I. Pumps Pvt Ltd                   BG                CRISIL A1     500    Reaffirmed
C.R.I. Pumps Pvt Ltd                   LOC               CRISIL A1     550    Reaffirmed
Campus Activewear Pvt Ltd              BG                CRISIL A1     110    Reaffirmed
Campus Activewear Pvt Ltd              Loan Equivalent   CRISIL A1     50     Reaffirmed
                                       Risk Limits
Classic Network Pvt Ltd                BG                CRISIL A4+    1480   Migrated from
                                                                              CRISIL A3+
(Issuer Not Cooperating)
Devesh Foods and Agro Products Pvt Ltd BG                CRISIL A4+    50     Migrated from
                                                                              CRISIL A3
(Issuer Not Cooperating)
Empire Home Appliances Pvt Ltd         Inland/Import LOC CRISIL A4+    140    Reaffirmed
Future Lifestyle Fashions Ltd          LOC^              CRISIL A3     4750   Downgraded
                                                                              from CRISIL A2
(Continues on Rating Watch with Negative Implications / ^Interchangeable with letter of
undertaking and bank guarantee
G V G Paper Mills Pvt Ltd              LOC               CRISIL A1     100    Reaffirmed
Gangamai Industries and Constructions  BG                CRISIL A4+    250    Migrated from
Ltd                                                                           CRISIL A3
(Issuer Not Cooperating)
Greeneem Agri Pvt Ltd                  Packing Credit    CRISIL A4+    120    Reaffirmed
Hajee A.P.Bava and Company             BG                CRISIL A4     400    Downgraded
Constructions Pvt Ltd                                                         from CRISIL
                                                                              A4+
Hajee A.P.Bava and Company             Proposed ST Bk    CRISIL A4     200    Downgraded
Constructions Pvt Ltd                  Loan Fac                               from CRISIL
                                                                              A4+
Hester Diagnostics Pvt Ltd             BG                CRISIL A4+    10     Reaffirmed
Hilltop Hirise Pvt Ltd                 BG                CRISIL A3     437.1  Reaffirmed
International Switchgears Pvt Ltd      BG                CRISIL A4+    8      Migrated from
                                                                              CRISIL A3
(Issuer Not Cooperating)
Laxya Diamonds                         Post Shipment     CRISIL A4+    130    Assigned
                                       Credit
Lizmontagens India Pvt Ltd             BG                CRISIL A4+    330    Migrated from
                                                                              CRISIL A3
(Issuer Not Cooperating)
MA Sarsinsa Steels Pvt Ltd             LOC               CRISIL A4+    50     Migrated from
                                                                              CRISIL A3
(Issuer Not Cooperating)
Machino Polymers Ltd                   LOC & BG          CRISIL A2     345    Reaffirmed
Mahavir Die Casters Pvt Ltd            Sales Bill        CRISIL A3     780    Reaffirmed
                                       Discounting
Mahindra and Mahindra Ltd              WC Demand Loan    CRISIL A1+    10000  Reaffirmed
Mahindra and Mahindra Ltd              CP                CRISIL A1+    10000  Reaffirmed
Nuflower Foods And Nutrition Pvt Ltd   BG                CRISIL A4+    20     -
(Issuer Not Cooperating: Rating Migrated)
OSRAM Lighting Pvt Ltd                 BG                CRISIL A1     250    Reaffirmed
Payare Lal Sharma                      BG                CRISIL A4     30     Assigned
Payare Lal Sharma                      Overdraft         CRISIL A4     35     Assigned
Prakash Transport Corporation          Bill Negotiation  CRISIL A4+    5      Migrated from
                                                                              CRISIL A3
(Issuer Not Cooperating)
Rana Udyog Pvt Ltd                     LOC & BG          CRISIL A4     5      Reaffirmed
Ravi Infrabuild Projects Pvt Ltd       BG                CRISIL A2     2420   Reaffirmed
Rupesh Kumar and Sons                  Packing Credit    CRISIL A4+    130    Reaffirmed
Sai Indo Metal Resources Pvt Ltd       LOC               CRISIL A4     20     -
(Issuer Not Cooperating: Rating Migrated)
Sai Indo Metal Resources Pvt Ltd       Packing Credit in CRISIL A4     20     -
                                       Foreign Currency
(Issuer Not Cooperating: Rating Migrated)
Salasar Yarns Pvt Ltd                  BG                CRISIL A4+    5      Reaffirmed
Sento Vitrified LLP                    BG                CRISIL A4+    11     Reaffirmed
Shiny Knitwear                         BG                CRISIL A3     1.5    Reaffirmed
Shivam Steels and Tubes Pvt Ltd        LOC               CRISIL A4+    300    Migrated from
                                                                              CRISIL A4+
Shreyans Creation Global Ltd           Proposed NFBL     CRISIL A4+    50     Reassigned
Shriram City Union Finance Ltd         CP                CRISIL A1+    30000  Reaffirmed
Siyaram Silk Mills Ltd                 BG                CRISIL A1+    97.9   Reaffirmed
Siyaram Silk Mills Ltd                 LOC               CRISIL A1+    102.1  Reaffirmed
Siyaram Silk Mills Ltd                 CP                CRISIL A1+    1000   Reaffirmed
Sova Solar Ltd                         LOC               CRISIL A3+    500    Assigned
Sova Solar Ltd                         BG                CRISIL A3+    50     Assigned
Sunflag Iron and Steel Co.Ltd          LOC & BG          CRISIL A2+    3472.8 Reaffirmed
Svatantra Microfin Pvt Ltd             ST Debt Issue     CRISIL A1+    10000  Reaffirmed
Tirupati Food Products                 BG                CRISIL A4     3.6    Reaffirmed
Ujaas Energy Ltd                       BG                CRISIL A4     623.7  Downgraded
                                                                              from CRISIL
                                                                              A4+
Ujaas Energy Ltd                       LOC               CRISIL A4     342    Downgraded
                                                                              from CRISIL
                                                                              A4+
William Industries Pvt Ltd             BG                CRISIL A4     4      Reaffirmed




MEDIUM TERM RATINGS:
-------------------
Talbros Automotive Components Ltd      FD                FB+/Stable    200    -
(Issuer Not Cooperating)




LONG TERM RATINGS:
-------------------
4G Identity Solutions Pvt Ltd          BG                -             350    Withdrawn
4G Identity Solutions Pvt Ltd          CC                -             90     Withdrawn
4G Identity Solutions Pvt Ltd          LOC               -             60     Withdrawn
4G Identity Solutions Pvt Ltd          Proposed LT Bk    -             100    Withdrawn
                                       Loan Fac
Adam & Coal Resources Pvt Ltd          CC                CRISIL        50     Reaffirmed
                                                         BB+/Stable
Ajit Construction Company              CC                CRISIL        70.4   Assigned
                                                         BB-/Stable
Athena Tradewinds Pvt Ltd              LOC               CRISIL        210    Reaffirmed
                                                         BB+/Stable
C.R.I. Pumps Pvt Ltd                   NCD               CRISIL        1000   Assigned
                                                         A+/Stable
C.R.I. Pumps Pvt Ltd                   CC                CRISIL        5650   Reaffirmed
                                                         A+/Stable
C.R.I. Pumps Pvt Ltd                   LT Loan           CRISIL        2100   Reaffirmed
                                                         A+/Stable
Campus Activewear Pvt Ltd              CC                CRISIL        1600   Reaffirmed
                                                         A/Stable
Campus Activewear Pvt Ltd              TL                CRISIL        1170   Reaffirmed
                                                         A/Stable
Classic Network Pvt Ltd                CC                CRISIL        420    Migrated from
                                                         BB+/Stable           CRISIL
                                                                              BBB/Negative
(Issuer Not Cooperating)
Classic Network Pvt Ltd                Proposed LT Bk    CRISIL        100    Migrated from
                                       Loan Fac          BB+/Stable           CRISIL
                                                                              BBB/Negative
(Issuer Not Cooperating)
Continental Conveyors Pvt Ltd          CC                CRISIL        13     -
                                                         BB/Stable
(Issuer Not Cooperating: Rating Migrated)
Continental Conveyors Pvt Ltd          LT Loan           CRISIL        117    -
                                                         BB/Stable
(Issuer Not Cooperating: Rating Migrated)
Devesh Foods and Agro Products Pvt Ltd CC                CRISIL        100    Migrated from
                                                         BB+/Stable           CRISIL
                                                                              BBB-/Stable
(Issuer Not Cooperating)
Devesh Foods and Agro Products Pvt Ltd TL                CRISIL        280    Migrated from
                                                         BB+/Stable           CRISIL
                                                                              BBB-/Stable
(Issuer Not Cooperating)
Eastea Chai Pvt Ltd                    CC                CRISIL        60     Reaffirmed
                                                         BBB-/Stable
Empire Home Appliances Pvt Ltd         CC                CRISIL        100    Reaffirmed
                                                         BB/Stable
ESM Textiles                           CC                CRISIL        48     Reaffirmed
                                                         B+/Stable
ESM Textiles                           Proposed LT Bk    CRISIL        12     Reaffirmed
                                       Loan Fac          B+/Stable
Ess Kay Fincorp Ltd - Viola 09 2020    Series A1 PTCs    Provisional   414.6  Provisional
                                                         CRISIL AA (SO)       Rating
                                                                              Assigned
Expovan                                Export Packing    CRISIL        650    Reaffirmed
                                       Credit            BBB/Stable
(Outlook revised from Negative and rating reaffirmed)
Expovan                                Proposed LT Bk    CRISIL        150    Reaffirmed
                                       Loan Fac          BBB/Stable
(Outlook revised from Negative and rating reaffirmed)
Future Lifestyle Fashions Ltd          CC*               CRISIL BBB-   5500   Downgraded
                                                                              from CRISIL
                                                                              BBB+
(Continues on Rating Watch with Negative Implications) / *Interchangeable with working capital
demand loan and commercial paper
Future Lifestyle Fashions Ltd          LT Loan           CRISIL BBB-   4750   Downgraded
                                                                              from CRISIL
                                                                              BBB+
(Continues on Rating Watch with Negative Implications
Future Lifestyle Fashions Ltd          NCD               CRISIL BBB-   5000   Downgraded
                                                                              from CRISIL
                                                                              BBB+
(Continues on Rating Watch with Negative Implications)
G V G Paper Mills Pvt Ltd              Bill Discounting  CRISIL        30     Reaffirmed
                                                         A-/Stable
G V G Paper Mills Pvt Ltd              CC                CRISIL        120    Reaffirmed
                                                         A-/Stable
G V G Paper Mills Pvt Ltd              LT Loan           CRISIL        139.2  Reaffirmed
                                                         A-/Stable
G V G Paper Mills Pvt Ltd              Proposed TL       CRISIL        220.8  Reaffirmed
                                                         A-/Stable
Ganesh Grain Store                     CC                CRISIL        52.5   Reaffirmed
                                                         BB-/Stable
Ganesh Grain Store                     LT Loan           CRISIL        0.9    Reaffirmed
                                                         BB-/Stable
Gangamai Industries and Constructions  CC                CRISIL        930    Migrated from
Ltd                                                      BB+/Stable           CRISIL
                                                                              BBB-/Positive
(Issuer Not Cooperating)
Gangamai Industries and Constructions  Sugar Pledge CC   CRISIL        1520   Migrated from
Ltd                                                      BB+/Stable           CRISIL
                                                                              BBB-/Positive
(Issuer Not Cooperating)
Gartech Equipments Pvt Ltd             CC                CRISIL        50     Migrated from
                                                         BB+/Stable           CRISIL
                                                                              BBB/Stable
(Issuer Not Cooperating)
Gartech Equipments Pvt Ltd             Proposed WC Fac   CRISIL        23.9   Migrated from
                                                         BB+/Stable           CRISIL
                                                                              BBB/Stable
(Issuer Not Cooperating)
Gartech Equipments Pvt Ltd             Rupee TL          CRISIL        60     Migrated from
                                                         BB+/Stable           CRISIL
                                                                              BBB/Stable
(Issuer Not Cooperating)
Geep Industries India Pvt Ltd          CC                CRISIL        105    Reaffirmed
                                                         BBB/Stable
Geep Industries India Pvt Ltd          Proposed WC Fac   CRISIL        105    Reaffirmed
                                                         BBB/Stable
Geep Industries India Pvt Ltd          TL                CRISIL        40     Reaffirmed
                                                         BBB/Stable
Geeta Threads Ltd                      CC                CRISIL        80     -
                                                         B+/Stable
(Issuer Not Cooperating: Rating Migrated)
Geeta Threads Ltd                      Proposed TL       CRISIL        50     -
                                                         B+/Stable
(Issuer Not Cooperating: Rating Migrated)
Global Aluminium Pvt Ltd               Buyer`s Credit    -             128.6  Withdrawn
(Issuer Not Cooperating)
Global Aluminium Pvt Ltd               CC                -             351.4  Withdrawn
(Issuer Not Cooperating)
Global Ispaat Pvt Ltd                  BG                -             35     Withdrawn
(Issuer Not Cooperating)
Global Ispaat Pvt Ltd                  CC                -             210    Withdrawn
(Issuer Not Cooperating)
Global Ispaat Pvt Ltd                  LOC               -             70     Withdrawn
(Issuer Not Cooperating)
Global Ispaat Pvt Ltd                  TL                -             117.6  Withdrawn
(Issuer Not Cooperating)
Greeneem Agri Pvt Ltd                  Bill Discounting  CRISIL        120    Reaffirmed
                                                         BB-/Stable
Greeneem Agri Pvt Ltd                  LT Loan           CRISIL        20     Reaffirmed
                                                         BB-/Stable
Guru Ram Dass Educational Trust        Overdraft         CRISIL        60     -
                                                         BB+/Stable
(Issuer Not Cooperating: Rating Migrated)
Harraj Agro Foods                      CC                CRISIL        55     Migrated from
                                                         B+/Stable            CRISIL
                                                                              B+/Stable
(Issuer Not Cooperating)
Harraj Agro Foods                      Proposed WC Fac   CRISIL        5      Migrated from
                                                         B+/Stable            CRISIL
                                                                              B+/Stable
(Issuer Not Cooperating)
Hester Diagnostics Pvt Ltd             CC                CRISIL        65     Reaffirmed
                                                         BB+/Stable
Hester Diagnostics Pvt Ltd             Proposed WC Fac   CRISIL        10     Reaffirmed
                                                         BB+/Stable
Hilltop Hirise Pvt Ltd                 CC                CRISIL        175    Reaffirmed
                                                         BBB-/Stable
Hilltop Hirise Pvt Ltd                 WC Demand Loan    CRISIL        25     Reaffirmed
                                                         BBB-/Stable
Indraprasth Foods Ltd                  CC                -             360    Withdrawn
(Issuer Not Cooperating)
Interlink Foods Pvt Ltd                CC                CRISIL        150    Migrated from
                                                         BB+/Stable           CRISIL
                                                                              BBB-/Negative
(Issuer Not Cooperating)
International Switchgears Pvt Ltd      CC                CRISIL        60     Migrated from
                                                         BB+/Stable           CRISIL
                                                                              BBB-/Stable
(Issuer Not Cooperating)
International Switchgears Pvt Ltd      Proposed BG       CRISIL        112    Migrated from
                                                         BB+/Stable           CRISIL
                                                                              BBB-/Stable
(Issuer Not Cooperating)
International Switchgears Pvt Ltd      Proposed CC Limit CRISIL        20     Migrated from
                                                         BB+/Stable           CRISIL
                                                                              BBB-/Stable
(Issuer Not Cooperating)
International Switchgears Pvt Ltd      Rupee TL          CRISIL        100    Migrated from
                                                         BB+/Stable           CRISIL
                                                                              BBB-/Stable
(Issuer Not Cooperating)
Kerala State Co-Operative Agricultural Overdraft         CRISIL        1000   Reaffirmed
and Rural Development Bank Ltd                           BB+/Stable
Lakshmi Ceramics                       Ratings           -             -      -
(CRISIL is yet to receive adequate information to enable it to undertake a rating review)
Laxya Diamonds                         CC                CRISIL        20     Assigned
                                                         BB/Stable
Lizmontagens India Pvt Ltd             CC                CRISIL        50     Migrated from
                                                         BB+/Stable           CRISIL
                                                                              BBB-/Negative
(Issuer Not Cooperating)
Lizmontagens India Pvt Ltd             Overdraft         CRISIL        20     Migrated from
                                                         BB+/Stable           CRISIL
                                                                              BBB-/Negative
(Issuer Not Cooperating)
Lizmontagens India Pvt Ltd             Proposed CC Limit CRISIL        25     Migrated from
                                                         BB+/Stable           CRISIL
                                                                              BBB-/Negative
(Issuer Not Cooperating)
Lizmontagens India Pvt Ltd             WC Fac            CRISIL        215    Migrated from
                                                         BB+/Stable           CRISIL
                                                                              BBB-/Negative
(Issuer Not Cooperating)
MA Sarsinsa Steels Pvt Ltd             CC                CRISIL        280    Migrated from
                                                         BB+/Stable           CRISIL
                                                                              BBB-/Stable
(Issuer Not Cooperating)
MA Sarsinsa Steels Pvt Ltd             Proposed FB Bk    CRISIL        70     Migrated from
                                       Limits            BB+/Stable           CRISIL
                                                                              BBB-/Stable
(Issuer Not Cooperating)
Machino Polymers Ltd                   CC                CRISIL        785    Reaffirmed
                                                         BBB+/Stable
Machino Polymers Ltd                   CC & WC demand    CRISIL        350    Reaffirmed
                                       Loan              BBB+/Stable
Machino Polymers Ltd                   Non-FBL           CRISIL        100    Reaffirmed
                                                         BBB+/Stable
Machino Polymers Ltd                   Proposed FB Bk    CRISIL        75     Reaffirmed
                                       Limits            BBB+/Stable
Mahavir Die Casters Pvt Ltd            TL                CRISIL        200    Reaffirmed
                                                         BBB-/Stable
Mahavir Die Casters Pvt Ltd            WC Fac            CRISIL        280    Reaffirmed
                                                         BBB-/Stable
Mahindra and Mahindra Ltd              FB Fac*           CRISIL        2500   Reaffirmed
                                                         AAA/Stable
*Interchangeable with non-fund based facilities
Mahindra and Mahindra Ltd              FB Fac            CRISIL        1000   Reaffirmed
                                                         AAA/Stable
Mahindra and Mahindra Ltd              NCD               CRISIL        5000   Reaffirmed
                                                         AAA/Stable
Mahindra and Mahindra Ltd              NCD               CRISIL        4750   Reaffirmed
                                                         AAA/Stable
Mahindra and Mahindra Ltd              NCD               CRISIL        5000   Reaffirmed
                                                         AAA/Stable
Mindcomp Properties Pvt Ltd            Lease Rental      CRISIL        3500   Reaffirmed
                                       Discounting Loan* A/Stable
*Includes sublimit of Rs 80 crore of dropline overdraft facility 
Mindcomp Properties Pvt Ltd            Proposed LT Bk    CRISIL        2500   Reaffirmed
                                       Loan Fac          A/Stable
Monotype Grihanirman Pvt Ltd           Proposed LT Bk    -             700    Withdrawn
                                       Loan Fac
Muthoot Fincorp Ltd                    LT Principal      CRISIL PP-MLD 971    -
                                       Protected Market  AA+r (CE) /
                                       Linked Debentures Stable
(Converted from Provisional Rating to Final Rating)
National Rural Development And ResearchCC                CRISIL        2.5    Assigned
Society                                                  B+/Stable
National Rural Development And ResearchTL                CRISIL        67.5   Assigned
Society                                                  B+/Stable
Navkar Wheels                          CC                -             36     Withdrawn
Navkar Wheels                          Inventory Funding -             15     Withdrawn
                                       Fac
Navkar Wheels                          Rupee TL          -             49     Withdrawn
Neelanchal Realtors LLP                Proposed LT Bk    -             500    Withdrawn
                                       Loan Fac
Neelanchal Realtors LLP                CC                CRISIL        500    Reaffirmed
                                                         A/Stable
Nuflower Foods And Nutrition Pvt Ltd   CC                CRISIL        20     -
                                                         BB/Stable
(Issuer Not Cooperating: Rating Migrated)
Nuflower Foods And Nutrition Pvt Ltd   TL                CRISIL        10     -
                                                         BB/Stable
(Issuer Not Cooperating: Rating Migrated)
OSRAM Lighting Pvt Ltd                 Overdraft         CRISIL        1100   Downgraded
                                                         A/Stable             from CRISIL
                                                                              A+/Stable
Payare Lal Sharma                      Proposed FB Bk    CRISIL        35     Assigned
                                       Limits            B+/Stable
Prakash Transport Corporation          CC                CRISIL        95     Migrated from
                                                         BB+/Stable           CRISIL
                                                                              BBB-/Stable
(Issuer Not Cooperating)
Primesteel Manufacture Pvt Ltd         CC                -             45     Withdrawn
Primesteel Manufacture Pvt Ltd         TL                -             25     Withdrawn
Privi Organics India Ltd               FB Fac            -             2750   Withdrawn
Privi Organics India Ltd               Non-FBL           -             1350   Withdrawn
Privi Organics India Ltd               Proposed TL       -             40.5   Withdrawn
Privi Organics India Ltd               TL                -             1690   Withdrawn
Raitha Seva Sahakara Sangha Niyamitha  Proposed LT Bk    CRISIL        160    Reaffirmed
                                       Loan Fac          BB-/Stable
Rajmata Realtors Pvt Ltd               Proposed LT Bk    -             1000   Withdrawn
                                       Loan Fac
Rajmata Realtors Pvt Ltd               Drop Line         CRISIL        500    Reaffirmed
                                       Overdraft Fac     A/Stable
Rajmata Realtors Pvt Ltd               TL                CRISIL        500    Reaffirmed
                                                         A/Stable
Rana Udyog Pvt Ltd                     CC                CRISIL        85     Reaffirmed
                                                         B/Stable
Rana Udyog Pvt Ltd                     Proposed LT Bk    CRISIL        112.5  Reaffirmed
                                       Loan Fac          B/Stable
Ranger Cotton Mills India Pvt Ltd      CC                CRISIL        215    Downgraded
                                                         BB-/Stable           from CRISIL
                                                                              BB/Stable
Ranger Cotton Mills India Pvt Ltd      Proposed LT Bk    CRISIL        27.2   Downgraded
                                       Loan Fac          BB-/Stable           from CRISIL
                                                                              BB/Stable
Ranger Cotton Mills India Pvt Ltd      TL                CRISIL        27.8   Downgraded
                                                         BB-/Stable           from CRISIL
                                                                              BB/Stable
Rashtriy Engineering Works             CC                -             50     Withdrawn
(Issuer Not Cooperating)
Rashtriy Engineering Works             Proposed LT Bk    -             12.6   Withdrawn
                                       Loan Fac
(Issuer Not Cooperating)
Rashtriy Engineering Works             TL                -             37.4   Withdrawn
(Issuer Not Cooperating)
Ravi Infrabuild Projects Pvt Ltd       CC                CRISIL        250    Reaffirmed
                                                         BBB+/Stable
Rupesh Kumar and Sons                  Bill Discounting  CRISIL        20     Reaffirmed
                                                         BB+/Stable
Sai Indo Metal Resources Pvt Ltd       Packing Credit    CRISIL        80     -
                                       (pre-shipment     B/Stable
                                       credit)
(Issuer Not Cooperating: Rating Migrated)
Salasar Yarns Pvt Ltd                  CC                CRISIL        100    Reaffirmed
                                                         BB+/Stable
Salasar Yarns Pvt Ltd                  TL                CRISIL        132.5  Reaffirmed
                                                         BB+/Stable
Sara Exports Ltd                       Bill Discounting  -             50     Withdrawn
(Issuer Not Cooperating)
Sara Exports Ltd                       CC#               -             320    Withdrawn
(Issuer Not Cooperating) / #Letter of Credit (Inland/Foreign) of Rs 24.50 Crore is a sub-limit
of Cash Credit limit
Sara Exports Ltd                       LT Loan           -             25     Withdrawn
(Issuer Not Cooperating)
Sara Exports Ltd                       Proposed FB Bk    -             50     Withdrawn
                                       Limits
(Issuer Not Cooperating)
Sento Vitrified LLP                    CC                CRISIL        70     Reaffirmed
                                                         BB-/Stable
Sento Vitrified LLP                    TL                CRISIL        170    Reaffirmed
                                                         BB-/Stable
Shiny Knitwear                         Export Packing    CRISIL        90     Reaffirmed
                                       Credit            BBB-/Stable
Shiny Knitwear                         Proposed LT Bk    CRISIL        168.5  Reaffirmed
                                       Loan Fac          BBB-/Stable
Shivam Steels and Tubes Pvt Ltd        CC                CRISIL        50     Migrated from
                                                         BB/Stable            CRISIL
                                                                              BB-/Stable
Shivam Steels and Tubes Pvt Ltd        LT Loan           CRISIL        64.2   Migrated from
                                                         BB/Stable            CRISIL
                                                                              BB-/Stable
Shreyans Creation Global Ltd           CC                CRISIL        200    Migrated from
                                                         BB+/Stable           CRISIL
                                                                              BB+/Stable
(Issuer Not Cooperating)
Shriram City Union Finance Ltd         NCD               CRISIL        1000   Assigned
                                                         AA/Negative
Shriram City Union Finance Ltd         NCD               CRISIL        6000   Reaffirmed
                                                         AA/Negative
Shriram City Union Finance Ltd         NCD               CRISIL        30000  Reaffirmed
                                                         AA/Negative
Shriram City Union Finance Ltd         NCD               CRISIL        2500   Reaffirmed
                                                         AA/Negative
Shriram City Union Finance Ltd         Subordinated Debt CRISIL        1000   Withdrawn
                                                         AA/Negative
Siyaram Silk Mills Ltd                 CC                CRISIL        1600   Reaffirmed
                                                         AA-/Negative
(Outlook revised from Stable and rating reaffirmed)
Siyaram Silk Mills Ltd                 TL                CRISIL        476.9  Reaffirmed
                                                         AA-/Negative
(Outlook revised from Stable and rating reaffirmed)
Sova Solar Ltd                         CC                CRISIL        135    Assigned
                                                         BBB/Stable
SPPL Property Management Pvt Ltd       Proposed LT Bk    -             625    Withdrawn
                                       Loan Fac
SPPL Property Management Pvt Ltd       Overdraft         CRISIL        200    Reaffirmed
                                                         A/Stable
SPPL Property Management Pvt Ltd       Proposed LT Bk    CRISIL        175    Reaffirmed
                                       Loan Fac          A/Stable
Subburaaj Cotton Mill Pvt Ltd          CC                -             360    Withdrawn
(Issuer Not Cooperating)
Subburaaj Cotton Mill Pvt Ltd          Foreign Bill      -             60     Withdrawn
                                       Purchase
(Issuer Not Cooperating)
Subburaaj Cotton Mill Pvt Ltd          LT Loan           -             50     Withdrawn
(Issuer Not Cooperating)
Subburaaj Cotton Mill Pvt Ltd          Proposed WC Fac   -             80     Withdrawn
(Issuer Not Cooperating)
Sunflag Iron and Steel Co.Ltd          CC & WC demand    CRISIL        4069.3 Reaffirmed
                                       Loan              A-/Stable
Sunflag Iron and Steel Co.Ltd          Proposed FB Bk    CRISIL        9.6    Reaffirmed
                                       Limits            A-/Stable
Sunflag Iron and Steel Co.Ltd          TL                CRISIL        3795.8 Reaffirmed
                                                         A-/Stable
Svatantra Microfin Pvt Ltd             Proposed LT Bk    CRISIL        9220   Reaffirmed
                                       Loan Fac          A+/Stable
Svatantra Microfin Pvt Ltd             TL                CRISIL        13280  Reaffirmed
                                                         A+/Stable
Svatantra Microfin Pvt Ltd             NCD               CRISIL        500    Assigned
                                                         A+/Stable
Svatantra Microfin Pvt Ltd             NCD               CRISIL        30000  Reaffirmed
                                                         A+/Stable
Svatantra Microfin Pvt Ltd             NCD               CRISIL        755    Reaffirmed
                                                         A+/Stable
Svatantra Microfin Pvt Ltd             Subordinated Debt CRISIL        200    Reaffirmed
                                                         A+/Stable
The Winning Edge Agro Products         CC                CRISIL        52.5   Reaffirmed
                                                         BB-/Stable
The Winning Edge Agro Products         Proposed LT Bk    CRISIL        7.5    Reaffirmed
                                       Loan Fac          BB-/Stable
Tirupati Food Products                 CC                CRISIL        24.5   Upgraded from
                                                         B+/Stable            CRISIL
                                                                              B/Stable
Tirupati Food Products                 Proposed FB Bk    CRISIL        1.7    Upgraded from
                                       Limits            B+/Stable            CRISIL
                                                                              B/Stable
Tirupati Food Products                 TL                CRISIL        35.2   Upgraded from
                                                         B+/Stable            CRISIL
                                                                              B/Stable
Tres Mercari Pvt Ltd                   LT Loan           -             23.8   Withdrawn
Tres Mercari Pvt Ltd                   Overdraft         -             40     Withdrawn
Ujaas Energy Ltd                       CC                CRISIL        295    Downgraded
                                                         B-/Negative          from CRISIL
                                                                              BB/Negative
Ujaas Energy Ltd                       Proposed FB Bk    CRISIL        2338.8 Downgraded
                                       Limits            B-/Negative          from CRISIL
                                                                              BB/Negative
Ujaas Energy Ltd                       Standby Fund BasedCRISIL        80     Downgraded
                                       WC                B-/Negative          from CRISIL
                                                                              BB/Negative
Ujaas Energy Ltd                       TL                CRISIL        690.5  Downgraded
                                                         B-/Negative          from CRISIL
                                                                              BB/Negative
V.N.M.A.D.Firm                         CC                -             90     Withdrawn
Valuefoc Technologies Pvt Ltd          Proposed WC Fac   -             26     Withdrawn
(Issuer Not Cooperating)
Valuefoc Technologies Pvt Ltd          Secured Overdraft -             4      Withdrawn
                                       Fac
(Issuer Not Cooperating)
Veebee Yarnntex Pvt Ltd                BG                -             30     Withdrawn
(Issuer Not Cooperating)
Veebee Yarnntex Pvt Ltd                CC                -             417    Withdrawn
(Issuer Not Cooperating)
Veebee Yarnntex Pvt Ltd                Foreign Bill      -             60     Withdrawn
                                       Purchase
(Issuer Not Cooperating)
Veebee Yarnntex Pvt Ltd                LT Loan           -             443    Withdrawn
(Issuer Not Cooperating)
William Industries Pvt Ltd             CC                CRISIL        70     Reaffirmed
                                                         B-/Stable
William Industries Pvt Ltd             Proposed LT Bk    CRISIL        26     Reaffirmed
                                       Loan Fac          B-/Stable
York Exports Ltd                       CC                -             42.5   Withdrawn
(Rating Reaffirmed and Withdrawn)
York Exports Ltd                       LT Loan           -             10     Withdrawn
(Rating Reaffirmed and Withdrawn)
York Exports Ltd                       Proposed LT Bk    -             12.5   Withdrawn
                                       Loan Fac
(Rating Reaffirmed and Withdrawn)


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

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

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

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