September 3, 2019 / 1:37 PM / 3 months ago

CRISIL ratings for Indian debt instruments-Sep 3

   Sep 3 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of India
(CRISIL) for local debt instruments as of August 30 & August 31, 2019.


COMPANY                                 INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                        (RS.MLN)
------                                  ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
AIA Engineering Ltd                     LOC & BG^          CRISIL A1+     500     Reaffirmed
^Bank Guarantee is a sub-limit (of Rs.20 Crore) of the total limit
Albatross Projects Pvt Ltd              BG                 CRISIL A4+     76      Assigned
Amara Raja Electronics Ltd              BG*                CRISIL A4+     45      Reaffirmed
*Bank Guarantee and Letter of Credit are interchangeable
Amara Raja Electronics Ltd              LOC*               CRISIL A4+     146     Reaffirmed
*Bank Guarantee and Letter of Credit are interchangeable
Ambika Overseas                         LOC                CRISIL A4+     0.5     Assigned
Angelique International Ltd             BG                 CRISIL A2      8333.2  Reaffirmed
Angelique International Ltd             LOC                CRISIL A2      803.4   Reaffirmed
Asit C. Mehta Investment Interrmediates BG                 CRISIL A3      370     Reaffirmed
Ltd
Aureole Inspecs India Pvt Ltd           BG                 CRISIL A4+     34      Assigned
Aureole Inspecs India Pvt Ltd           Overdraft          CRISIL A4+     25      Assigned
Basant Overseas                         Export Packing     CRISIL A4+     100     -
                                        Credit & Export
                                        Bills Negotiation/
                                       Foreign Bill discounting
(Issuer Not Cooperating)Migrated from 'CRISIL A3
Bhanwarlal Jhanwar and Sons             BG                 CRISIL A4+     35      Reaffirmed
Migrated from 'CRISIL A4+ (Issuer Not Cooperating)
Bharat Singh Verma Cold Storage         Overdraft          CRISIL A4      40      Reaffirmed
(Issuer Not Cooperating)
Bliss GVS Pharma Ltd                    LOC                CRISIL A3+     140     Reaffirmed
Bonton Technomake Pvt Ltd               BG                 CRISIL A4+     10      Assigned
Cenerg Global Tools Pvt Ltd             BG                 CRISIL A4+     1.9     -
(Issuer Not Cooperating)Migrated 'CRISIL A3
Cenerg Global Tools Pvt Ltd             LOC                CRISIL A4+     3.5     -
(Issuer Not Cooperating)Migrated 'CRISIL A3
Cenerg Global Tools Pvt Ltd             Packing Credit in  CRISIL A4+     95      -
                                        Foreign Currency
(Issuer Not Cooperating)Migrated 'CRISIL A3
Chevrox Constructions Pvt Ltd           Proposed ST Bk     CRISIL A3      1000    Assigned
                                        Loan Fac
Chevrox Constructions Pvt Ltd           BG                 CRISIL A3      200     Assigned
Choudhary International Pvt Ltd         LOC                CRISIL A2      10      Reaffirmed
Cicil Biochem Pvt Ltd                   LOC                CRISIL A4      30      Reaffirmed
(Issuer Not Cooperating)
Clean Science and Technology Pvt Ltd    Foreign Exchange   CRISIL A1      80      -
                                        Forward
Clean Science and Technology Pvt Ltd    LOC & BG           CRISIL A1      15      Reaffirmed
Consort Builders Pvt Ltd                BG                 CRISIL A4+     282.5   -
(Issuer Not Cooperating)Migrated from 'CRISIL A3
Consort Builders Pvt Ltd                LOC                CRISIL A4+     10      -
(Issuer Not Cooperating)Migrated from 'CRISIL A3
Dighvijay Plastics And Allied Plastics  Bill Discounting   CRISIL A2      100     Reaffirmed
Products Pvt Ltd
Dutta Agro Products Pvt Ltd             BG                 CRISIL A4+     3.3     Reaffirmed
(Issuer Not Cooperating)Rating Migrated
Elcome Integrated Systems Pvt Ltd       BG                 CRISIL A4+     230     -
Downgraded from CRISIL A3
Elcome Integrated Systems Pvt Ltd       LOC                CRISIL A4+     70      -
Downgraded from CRISIL A3
Excel Alugraphics Pvt Ltd               BG                 CRISIL A4      10      Assigned
Excel Generators Pvt Ltd                LOC                CRISIL A4      25      Assigned
Fourrts India Laboratories Pvt Ltd      BG                 CRISIL A4+     100     -
(Issuer Not Cooperating)Migrated from CRISIL A2+
Fourrts India Laboratories Pvt Ltd      LOC                CRISIL A4+     50      -
(Issuer Not Cooperating)Migrated from CRISIL A2+
Godha Cabcon and Insulation             BG                 CRISIL A4      100     -
(Issuer Not Cooperating)Revised from CRISIL A4+ (Issuer Not Cooperating)
Incap Ltd                               BG                 CRISIL A4      50      Reaffirmed
(Issuer Not Cooperating)
Incap Ltd                               LOC                CRISIL A4      40      Reaffirmed
(Issuer Not Cooperating)
Innovative Tech Pack Ltd                LOC                CRISIL A3      90      Reaffirmed
Migrated from CRISIL A3 (Issuer Not Cooperating)
Jai Prakash and Sons                    BG                 CRISIL A4+     159.5   Reaffirmed
Jai Prakash and Sons                    Overdraft          CRISIL A4+     15      Reaffirmed
Jesons Industries Ltd                   LOC Bill           CRISIL A2+     9       Assigned
                                        Discounting
Jesons Industries Ltd                   BG                 CRISIL A2+     5       Assigned
Jesons Industries Ltd                   LOC                CRISIL A2+     1719.5  Assigned
KKSPUN India Ltd                        BG                 CRISIL A2      4240    -
Downgraded from CRISIL A2+
KKSPUN India Ltd                        LOC                CRISIL A2      520     -
Downgraded from CRISIL A2+
Lamco Industries Pvt Ltd                BG                 CRISIL A4+     165     Reaffirmed
(Issuer Not Cooperating)Rating Migrated*
Lion Foods Pvt Ltd                      Packing Credit     CRISIL A4+     100     Reaffirmed
(Issuer Not Cooperating)Rating Migrate
Maa Sheetla Autowheels Pvt Ltd          LOC                CRISIL A4      130     Assigned
Maa Sheetla Autowheels Pvt Ltd          BG                 CRISIL A4      8.5     Assigned
Malu Paper Mills Ltd                    BG                 CRISIL A4+     22      Reaffirmed

Malu Paper Mills Ltd                    LOC                CRISIL A4+     120     Reaffirmed
Mansi Share and Stock Advisors Pvt Ltd  BG                 CRISIL A4      150     Reaffirmed
Mansi Share and Stock Advisors Pvt Ltd  Overdraft          CRISIL A4      150     Assigned
Mittal Brothers Engineers and           BG                 CRISIL A4+     300     Reaffirmed
Contractors
Mittal Construction Unit                BG                 CRISIL A4      90      -
Downgraded from CRISIL A4+
Mohib Shoes Pvt Ltd                     Foreign Bill       CRISIL A4+     50      -
                                        Negotiation
(Issuer Not Cooperating)Migrated CRISIL A3+
Mohib Shoes Pvt Ltd                     LOC                CRISIL A4+     15      -
(Issuer Not Cooperating)Migrated CRISIL A3+
Narayan Powertech Pvt Ltd               Proposed ST Bk     CRISIL A2+     10      Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)Rating Migrated
Navkar Corporation Ltd                  BG                 CRISIL A4+     500     -
(Issuer Not Cooperating)Revised from CRISIL A1 (Issuer Not Cooperating)
Neel Industries Pvt Ltd                 LOC*               CRISIL A2+     100     Reaffirmed
*Interchangeable with BG up to Rs.1 crore
Nelson Global Products India Pvt Ltd    Proposed ST Bk     CRISIL A2+     10      Reaffirmed
                                        Loan Fac
Nipha Exports Pvt Ltd                   Foreign Bill       CRISIL A4+     200     -
                                        Discounting
(Issuer Not Cooperating)Migrated from CRISIL A3+
Nipha Exports Pvt Ltd                   Foreign LOC        CRISIL A4+     75      -
(Issuer Not Cooperating)Migrated from CRISIL A3+
Nipha Exports Pvt Ltd                   Letter Of GuaranteeCRISIL A4+     75      -
(Issuer Not Cooperating)Migrated from CRISIL A3+
Nipha Exports Pvt Ltd                   Packing Credit     CRISIL A4+     150     -
(Issuer Not Cooperating)Migrated from CRISIL A3+
Nipha Exports Pvt Ltd                   Standby Export     CRISIL A4+     22.9    -
                                        Packing Credit
(Issuer Not Cooperating)Migrated from CRISIL A3+
OSM Projects Pvt Ltd                    Letter Of GuaranteeCRISIL A4      80      Reaffirmed
(Issuer Not Cooperating)
Oswal Minerals Ltd                      Inland/Import LOC  CRISIL A3      80      Reaffirmed
Paresh Constructions and Foundations    BG                 CRISIL A4+     230     -
Pvt Ltd
(Issuer Not Cooperating)Migrated from CRISIL A3
Pavani Controls and Panels Ltd          BG                 CRISIL A3+     560     Reaffirmed
Pavani Controls and Panels Ltd          LOC                CRISIL A3+     300     Reaffirmed
Pearl Insulations Pvt Ltd               BG                 CRISIL A4+     40      Reaffirmed
(Issuer Not Cooperating)
Pearl Insulations Pvt Ltd               LOC                CRISIL A4+     60      Reaffirmed
(Issuer Not Cooperating)
Pollutech Engineering                   Non-FBL            CRISIL A3      20      Reaffirmed
Pon Pure Chemical India Pvt Ltd         LOC                CRISIL A2      80      -
Pressure Vessels India                  BG                 CRISIL A4+     70      Reaffirmed
Pressure Vessels India                  Inland/Import LOC  CRISIL A4+     12      Reaffirmed
Prolific Systems and Technologies Pvt   BG                 CRISIL A4+     140     -
Ltd
(Issuer Not Cooperating)Migrated from CRISIL A3
Pure Chemicals Co                       LOC                CRISIL A3+     20      Assigned
Quazar Infrastructure Pvt Ltd           BG                 CRISIL A4      22.5    Assigned
Assigned; Suspension Revoked 
Quazar Infrastructure Pvt Ltd           Proposed NFBL      CRISIL A4      30      Assigned
Assigned; Suspension Revoked 
Reliable Industries                     BG                 CRISIL A4+     10      -
(Issuer Not Cooperating)Migrated from CRISIL A3
Reliable Industries                     Channel Financing  CRISIL A4+     240     -
(Issuer Not Cooperating)Migrated from CRISIL A3
Rocket Engineering Corporation Pvt Ltd  BG                 CRISIL A4+     40      -
(Issuer Not Cooperating)Migrated from CRISIL A
Rocket Engineering Corporation Pvt Ltd  LOC                CRISIL A4+     10      -
(Issuer Not Cooperating)Migrated from CRISIL A3
RVN Infra Pvt Ltd                       BG                 CRISIL A4      340     Reaffirmed
(Issuer Not Cooperating)Rating Withdrawn
S V Distributors Pvt Ltd                BG                 CRISIL A4+     10      Reaffirmed
Sambandam Spinning Mills Ltd            BG                 CRISIL A4      35      -
(Issuer Not Cooperating)Revised from CRISIL A4+
Sambandam Spinning Mills Ltd            LOC                CRISIL A4      95      -
(Issuer Not Cooperating)Revised from CRISIL A4+
Seshaasai Business Forms Pvt Ltd        LOC & BG           CRISIL A2      400     Reaffirmed
Severn Glocon India Pvt Ltd             BG                 CRISIL A4+     310     -
(Issuer Not Cooperating)Migrated from CRISIL A3+
Shell Laminates Pvt Ltd                 LOC                CRISIL A4+     30      Reaffirmed
(Issuer Not Cooperating)Rating Migrated
Shresthabhishek Buildcon Pvt Ltd        BG                 CRISIL A4      20      Assigned
Shresthabhishek Buildcon Pvt Ltd        Overdraft          CRISIL A4      25      Assigned
Shri Khatu Shyam Alloys Pvt Ltd         BG                 CRISIL A4+     40      -
(Issuer Not Cooperating)Migrated from CRISIL A3+
Shri Khatu Shyam Alloys Pvt Ltd         LOC                CRISIL A4+     40      -
(Issuer Not Cooperating)Migrated from CRISIL A3+
Simpolo Vitrified Pvt Ltd               BG                 CRISIL A2+     90      Assigned
Assigned; Suspension Revoked
Simpolo Vitrified Pvt Ltd               Bill Discounting   CRISIL A2+     100     Assigned
                                        under LOC
Assigned; Suspension Revoked
Simpolo Vitrified Pvt Ltd               Purchase Bill      CRISIL A2+     100     Assigned
                                        Discounting
Assigned; Suspension Revoked
Sims Ceramic Pvt Ltd                    BG                 CRISIL A2+     80      -
Assigned; Suspension Revoked
SM Systems                              BG                 CRISIL A4+     17      Assigned
Sponge Sales India Pvt Ltd              LOC                CRISIL A4+     220     Reaffirmed
(Issuer Not Cooperating)Rating Migrated
St. John Sawmill and Timbers            LOC                CRISIL A4      51      Reaffirmed
(Issuer Not Cooperating)Rating Migrated
Star Trace Pvt Ltd                      BG                 CRISIL A4+     200     Assigned
Stork Ferro and Mineral Industries Pvt  Foreign Exchange   CRISIL A4+     5       -
Ltd                                     Forward
Upgraded from CRISIL A4
Stork Ferro and Mineral Industries Pvt  LOC                CRISIL A4+     210     -
Ltd
Upgraded from CRISIL A4
Tej Pratap Singh                        BG                 CRISIL A4+     15      Assigned
The Republic Pvt Ltd                    BG                 CRISIL A4+     11.9    -
(Issuer Not Cooperating)Migrated from CRISIL A3
Tirupati Food Products                  BG                 CRISIL A4      3.6     Assigned
Universal Precision Screws              Export Packing     CRISIL A3+     110     Reaffirmed
                                        Credit & Export
                                        Bills Negotiation/Foreign Bill discounting
Universal Precision Screws              Foreign Exchange   CRISIL A3+     3       Reaffirmed
                                        Forward
Universal Precision Screws              LOC                CRISIL A3+     70      Reaffirmed
Venture Power Systems India Pvt Ltd     Packing Credit     CRISIL A4+     150     Reaffirmed
(Issuer Not Cooperating)Rating Migrated
Venture Power Systems India Pvt Ltd     Packing Credit in  CRISIL A4+     60      Reaffirmed
                                        Foreign Currency
(Issuer Not Cooperating)Rating Migrated
Welset Plast Extursions Pvt Ltd         BG                 CRISIL A4+     10      -
(Issuer Not Cooperating)Migrated from CRISIL A3
Welset Plast Extursions Pvt Ltd         LOC                CRISIL A4+     120     -
(Issuer Not Cooperating)Migrated from CRISIL A3
Wevin Pvt Ltd                           BG                 CRISIL A4+     180     Reaffirmed
(Issuer Not Cooperating)Rating Migrated
Wevin Pvt Ltd                           LOC                CRISIL A4+     20      Reaffirmed
(Issuer Not Cooperating)Rating Migrated
Ziqitza Health Care Ltd                 BG                 CRISIL A4+     286.3   Reaffirmed
MEDIUM TERM RATINGS:
-------------------
Atlas Cycles (Haryana) Ltd              FD                 FD             300     -
(Issuer Not Cooperating)
Corporation Bank                        FD Programme       FAA+           -       Reaffirmed
Lakshmi Float Glass Ltd                 FD                 FB+/Stable     120     -
(Issuer Not Cooperating)
Sambandam Spinning Mills Ltd            FD                 FB+/Stable     119     -
(Issuer Not Cooperating)
Tata Sons Pvt Ltd                       FD Programme       FAAA/Stable    -       Reaffirmed


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)
AAVAS Financiers Ltd                    CC & WC demand loan-              400     Withdrawn
AAVAS Financiers Ltd                    Proposed LT Bk     -              16.2    Withdrawn
                                        Loan Fac
AAVAS Financiers Ltd                    TL                 -              4548.4  Withdrawn
AAVAS Financiers Ltd                    TL                 CRISIL A+      605.4   Reaffirmed
Abhiram Nirman India Pvt Ltd            Proposed LT Bk     CRISIL B       1000    Assigned
                                        Loan Fac
Adage Automation Pvt Ltd                BG                 -              35      Withdrawn
(Issuer Not Cooperating)
Adage Automation Pvt Ltd                CC                 -              50      Withdrawn
(Issuer Not Cooperating)
Adage Automation Pvt Ltd                LOC                -              35      Withdrawn
(Issuer Not Cooperating)
Aditya Birla Fashion and Retail Ltd     CC                 CRISIL AA      8410    Reaffirmed
Aditya Birla Fashion and Retail Ltd     LT Loan            CRISIL AA      279     Reaffirmed
Aditya Birla Fashion and Retail Ltd     Proposed LT Bk     CRISIL AA      1811    Reaffirmed
                                        Loan Fac
Aditya Birla Fashion and Retail Ltd     WC Demand Loan     CRISIL AA      2000    Reaffirmed
Aditya Birla Fashion and Retail Ltd     CP                 CRISIL A1+     12500   Reaffirmed
Aditya Birla Fashion and Retail Ltd     NCD                CRISIL         4000    Reaffirmed
                                                           AA/Stable
Aditya Birla Fashion and Retail Ltd     NCD                CRISIL         3000    Withdrawn
                                                           AA/Stable
Aditya Birla Fashion and Retail Ltd     NCD                CRISIL         3000    Reaffirmed
                                                           AA/Stable
Aditya Birla Fashion and Retail Ltd     NCD                CRISIL         2600    Withdrawn
                                                           AA/Stable
Aditya Birla Fashion and Retail Ltd     NCD                CRISIL         3000    Withdrawn
                                                           AA/Stable
Aditya Car Automotives Pvt Ltd          CC                 CRISIL BB+     180     -
(Issuer Not Cooperating)Migrated from CRISIL BBB-/Stable
Aditya Car Automotives Pvt Ltd          Inventory Funding  CRISIL BB+     420     -
                                        Fac
(Issuer Not Cooperating)Migrated from CRISIL BBB-/Stable
AIA Engineering Ltd                     CC & WC demand     CRISIL AA+     1000    Reaffirmed
                                        loan*
*Interchangeable with usance bill discounting, export packing credit, 
foreign bills discounting, and letter of credit
Akola Municipal Corporation             Corporate Credit   CRISIL BBB-    -       Reaffirmed
                                        Rating 
Albatross Projects Pvt Ltd              Overdraft          CRISIL BB      49      Assigned
Alliance India                          CC                 CRISIL BBB-    60      -
(Issuer Not Cooperating)Migrated from CRISIL BBB+/Stable
Alliance India                          LT Loan            CRISIL BBB-    170     -
(Issuer Not Cooperating)Migrated from CRISIL BBB+/Stable
Amara Raja Electronics Ltd              CC                 CRISIL BB-     163.5   -
Downgraded from CRISIL BB/Stable
Amara Raja Electronics Ltd              LT Loan            CRISIL BB-     20      -
Downgraded from CRISIL BB/Stable
Amara Raja Electronics Ltd              Proposed LT Bk     CRISIL BB-     12      Assigned
                                        Loan Fac
Downgraded from CRISIL BB/Stable
Ambey Roller Flour Mills                Rating Advisory    --             -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Ambika Overseas                         CC                 CRISIL BB-     47      Assigned
Ambika Overseas                         Export Packing     CRISIL BB-     40      Assigned
                                        Credit
Ambit Securities Broking Pvt Ltd        Overdraft          CRISIL BB-     80      Reaffirmed
Outlook revised from Stable and rating reaffirmed
Ambit Securities Broking Pvt Ltd        Proposed LT Bk     CRISIL BB-     110     Reaffirmed
                                        Loan Fac
Outlook revised from Stable and rating reaffirmed
Ameya Logistics Pvt Ltd                 Corporate Credit   -              -       Renewed and
                                        Rating                                    Reaffirmed
Ammayapper Textiles Pvt Ltd             CC                 -              35      Withdrawn 
(Issuer Not Cooperating)
Ammayapper Textiles Pvt Ltd             Foreign            -              80      Withdrawn 
                                        Discounting Bill
                                        Purchase
(Issuer Not Cooperating)
Ammayapper Textiles Pvt Ltd             Letter Of Guarantee-              1.4     Withdrawn 
(Issuer Not Cooperating)
Ammayapper Textiles Pvt Ltd             LOC                -              35      Withdrawn 
(Issuer Not Cooperating)
Ammayapper Textiles Pvt Ltd             LT Loan            -              83.6    Withdrawn 
(Issuer Not Cooperating)
Ammayapper Textiles Pvt Ltd             Packing Credit     -              65      Withdrawn 
(Issuer Not Cooperating)
Anand Rathi Global Finance Ltd          CP                 CRISIL A1      500     Reaffirmed
Andhra Bank                             Perpetual Tier-I   CRISIL AA      2000    Reaffirmed
                                        Bonds (under Basel
                                        II)
Andhra Bank                             Tier I Bonds       CRISIL AA-     5000    Reaffirmed
                                        (Under Basel III)
Andhra Bank                             Tier I Bonds       CRISIL AA-     9000    Reaffirmed
                                        (Under Basel III)
Andhra Bank                             Tier I Bonds       CRISIL AA-     5000    Reaffirmed
                                        (Under Basel III)
Andhra Bank                             Upper Tier-II      CRISIL AA-     7200    Withdrawn
                                        Bonds (under Basel
                                        II)
Andhra Bank                             Tier II Bonds      CRISIL AA+     10000   Reaffirmed
                                        (Under Basel III)
Andhra Bank                             Tier II Bonds      CRISIL AA+     5000    Reaffirmed
                                        (Under Basel III)
Andhra Bank                             Tier II Bonds      CRISIL AA+     5000    Reaffirmed
                                        (Under Basel III)
Andhra Bank                             Tier II Bonds      CRISIL AA+     10000   Reaffirmed
                                        (Under Basel III)
Andhra Bank                             Infrastructure     CRISIL AA+     10000   Reaffirmed
                                        Bond Issue
Angelique International Ltd             Bill Discounting   CRISIL BBB+    167.8   -
Angelique International Ltd             CC                 CRISIL BBB+    205     -
Angelique International Ltd             Proposed CC Limit  CRISIL BBB+    6450.6  -
Anil Engineering Works - Hyderabad      BG                 CRISIL A4+     10      Reaffirmed
(Issuer Not Cooperating)
Anil Engineering Works - Hyderabad      CC                 CRISIL BB      10      Reaffirmed
(Issuer Not Cooperating)
Anil Engineering Works - Hyderabad      Proposed LT Bk     CRISIL BB      32      Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Anil Engineering Works - Hyderabad      TL                 CRISIL BB      18      Reaffirmed
(Issuer Not Cooperating)
Ankit Construction                      Overdraft          CRISIL BB-     50      Reaffirmed
Ankit Construction                      Proposed LT Bk     CRISIL BB-     50      Assigned
                                        Loan Fac
Anmol India Ltd                         CC                 CRISIL BBB-    230     Assigned
Ansari Estate Pvt Ltd                   Rating Advisory    --             -       -
(CRISIL is yet to receive adequate information from the company to enable
it to undertake a rating review)
Apex Auto Ltd                           Rating Advisory    --             -       -
(CRISIL is yet to receive adequate information from the company to enable
it to undertake a rating review)
Asirvad Microfinance Ltd                Proposed LT Bk     CRISIL AA-     8126.6  -
                                        Loan Fac
Upgraded from CRISIL A+/Positive
Asirvad Microfinance Ltd                TL                 CRISIL AA-     11873.4 -
Upgraded from CRISIL A+/Positive
Asirvad Microfinance Ltd                CP Programme       CRISIL A1+     4000    -
Asirvad Microfinance Ltd                NCDs               CRISIL         2000    (Upgraded
                                                           AA-/Stable             from CRISIL
                                                                                  A+/Positive)
Asirvad Microfinance Ltd                NCDs               CRISIL         1250    (Upgraded
                                                           AA-/Stable             from CRISIL
                                                                                  A+/Positive)
Asirvad Microfinance Ltd                NCDs               CRISIL         2000    (Upgraded
                                                           AA-/Stable             from CRISIL
                                                                                  A+/Positive)
Asirvad Microfinance Ltd                NCDs               CRISIL         2000    (Upgraded
                                                           AA-/Stable             from CRISIL
                                                                                  A+/Positive)
Asirvad Microfinance Ltd                NCDs               CRISIL         3000    (Upgraded
                                                           AA-/Stable             from CRISIL
                                                                                  A+/Positive)
Asirvad Microfinance Ltd                NCDs               CRISIL         2500    (Upgraded
                                                           AA-/Stable             from CRISIL
                                                                                  A+/Positive)
Asirvad Microfinance Ltd                NCDs               CRISIL         1000    (Upgraded
                                                           AA-/Stable             from CRISIL
                                                                                  A+/Positive)
Asirvad Microfinance Ltd                Subordinated Debt  CRISIL         1250    (Upgraded
                                                           AA-/Stable             from CRISIL
                                                                                  A+/Positive)
Asirvad Microfinance Ltd                LT Principal       CRISIL PP-MLD  500     (Upgraded
                                        Protected Market   AA-r/Stable            from CRISIL
                                        Linked Debentures                         PP-MLD A+r/
                                                                                  Positive)
Asit C. Mehta Investment Interrmediates Overdraft          CRISIL BBB-    163     Reaffirmed
Ltd
Asit C. Mehta Investment Interrmediates Proposed LT Bk     CRISIL BBB-    167     Reaffirmed
Ltd                                     Loan Fac
Aureole Inspecs India Pvt Ltd           Proposed LT Bk     CRISIL BB-     41      Assigned
                                        Loan Fac
Avenger Ply Pvt Ltd                     CC                 CRISIL B+      7       Assigned
Avenger Ply Pvt Ltd                     Foreign LOC        CRISIL B+      53      Assigned
Bank of Maharashtra                     Upper Tier-II      CRISIL A       4000    Reaffirmed
                                        Bonds (Under Basel
                                        II)  
Bank of Maharashtra                     Perpetual Tier-I   CRISIL A       700     Reaffirmed
                                        Bonds (Under Basel
                                        II)
Bank of Maharashtra                     Lower Tier-II      CRISIL A+      10000   Reaffirmed
                                        Bonds (Under Basel
                                        II) 
Bank of Maharashtra                     Lower Tier-II      CRISIL A+      1300    Withdrawn
                                        Bonds (Under Basel
                                        II) 
Bank of Maharashtra                     CDs                CRISIL A1+     5000    Reaffirmed
BBR India Pvt Ltd                       BG                 CRISIL A4+     115     -
(Issuer Not Cooperating)Migrated from CRISIL A3
BBR India Pvt Ltd                       LOC                CRISIL A4+     15      -
(Issuer Not Cooperating)Migrated from CRISIL A3
BBR India Pvt Ltd                       CC                 CRISIL BB+     20      -
(Issuer Not Cooperating)Migrated from CRISIL BBB-/Stable
Beekay Auto Pvt Ltd                     Inventory Funding  CRISIL BBB-    570     -
                                        Fac
Downgraded from CRISIL BBB/Stable
Beekay Auto Pvt Ltd                     Proposed LT Bk     CRISIL BBB-    180     -
                                        Loan Fac
Downgraded from CRISIL BBB/Stable
Bhanwarlal Jhanwar and Sons             Foreign LOC        CRISIL BB+     165     Reaffirmed
Migrated from CRISIL BB+/Stable (Issuer Not Cooperating)
Bharani Hi-tech Agro Industries         Overdraft          CRISIL D       8       Assigned
Bharani Hi-tech Agro Industries         LT Loan            CRISIL D       43.5    Assigned
Bharani Hi-tech Agro Industries         Auto loans         CRISIL D       2.2     Assigned
Bharani Hi-tech Agro Industries         CC                 CRISIL D       16.5    Assigned
Bharat Singh Verma Cold Storage         LT Loan            CRISIL B+      20      Reaffirmed
(Issuer Not Cooperating)
Birla Corporation Ltd                   CP                 CRISIL A1+     3000    Reaffirmed
Birla Corporation Ltd                   NCD                CRISIL AA      2800    Reaffirmed
Bliss GVS Pharma Ltd                    Bill Discounting   CRISIL BBB     600     Reaffirmed
Bliss GVS Pharma Ltd                    CC                 CRISIL BBB     100     Reaffirmed
Bonton Technomake Pvt Ltd               Proposed LT Bk     CRISIL BB+     120     Assigned
                                        Loan Fac
Bonton Technomake Pvt Ltd               CC                 CRISIL BB+     20      Assigned
Bostin Engineers Pvt Ltd                Rating Advisory    --             -       -
(CRISIL is yet to receive adequate information from the company to enable
it to undertake a rating review)
Bramaramba Mallikarjuna Realters        Rupee TL           CRISIL B+      100     Assigned
CB Agros and Shopping Malls Pvt Ltd     CC                 CRISIL BBB     350     Reaffirmed
CB Agros and Shopping Malls Pvt Ltd     Proposed LT Bk     CRISIL BBB     2.5     Reaffirmed
                                        Loan Fac
Cenerg Global Tools Pvt Ltd             Foreign Currency TLCRISIL BB+     81      -
(Issuer Not Cooperating)Migrated from CRISIL BBB-/Stable
Cenerg Global Tools Pvt Ltd             Proposed LT Bk     CRISIL BB+     18.6    -
                                        Loan Fac
(Issuer Not Cooperating)Migrated from CRISIL BBB-/Stable
Chevrox Constructions Pvt Ltd           Proposed LT Bk     CRISIL BBB-    100     Assigned
                                        Loan Fac
Chevrox Constructions Pvt Ltd           CC*                CRISIL BBB-    100     Assigned
*Interchangeable with Bank Guarantee
Choudhary International Pvt Ltd         Export Packing     CRISIL BBB+    290     Reaffirmed
                                        Credit
Outlook revised from Stable and rating reaffirmed
Cicil Biochem Pvt Ltd                   CC                 CRISIL B       50      Reaffirmed
(Issuer Not Cooperating)
Cicil Biochem Pvt Ltd                   Proposed LT Bk     CRISIL B       9       Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Cicil Biochem Pvt Ltd                   Rupee TL           CRISIL B       11      Reaffirmed
(Issuer Not Cooperating)
Clean Science and Technology Pvt Ltd    CC*                CRISIL A       52      -
Upgraded from CRISIL A-/Positive. 
*BG,LC and Demand loan of Rs 5.2 crore is sub-limit of CC
Clean Science and Technology Pvt Ltd    Overdraft          CRISIL A       5       -
Upgraded from CRISIL A-/Positive
Clean Science and Technology Pvt Ltd    WC Fac             CRISIL A       30      Assigned
Upgraded from CRISIL A-/Positive
Clean Science and Technology Pvt Ltd    Proposed WC Fac    CRISIL A       72.5    Assigned
Upgraded from CRISIL A-/Positive
Consort Builders Pvt Ltd                CC                 CRISIL BB+     80      -
(Issuer Not Cooperating)Migrated from CRISIL BBB-/Stable
Consort Builders Pvt Ltd                TL                 CRISIL BB+     50      -
(Issuer Not Cooperating)Migrated from CRISIL BBB-/Stable
Consort Builders Pvt Ltd                WC Demand Loan     CRISIL BB+     27.5    -
(Issuer Not Cooperating)Migrated from CRISIL BBB-/Stable
Corporation Bank                        Upper Tier-II      CRISIL A+      8500    Reaffirmed
                                        Bonds (Under Basel
                                        II)
Corporation Bank                        Tier-I Perpetual   CRISIL A+      4375    Withdrawn
                                        Bonds (Under Basel
                                        II) 
Corporation Bank                        Upper Tier-II      CRISIL A+      5500    Withdrawn
                                        Bonds (Under Basel
                                        II) 
Corporation Bank                        Lower Tier-II      CRISIL AA-     12000   Withdrawn
                                        Bonds (Under Basel
                                        II)
Corrtech International Pvt Ltd          BG                 CRISIL A3      999.9   -
Upgraded from CRISIL A4+
Corrtech International Pvt Ltd          LOC                CRISIL A3      310     -
Upgraded from CRISIL A4+
Corrtech International Pvt Ltd          Proposed BG        CRISIL A3      200.5   -
Upgraded from CRISIL A4+
Corrtech International Pvt Ltd          CC                 CRISIL BBB-    400     -
Upgraded from CRISIL BB+/Positive
Corrtech International Pvt Ltd          Funded Interest TL CRISIL BBB-    183.9   -
Upgraded from CRISIL BB+/Positive
Corrtech International Pvt Ltd          LT Loan            CRISIL BBB-    491.2   -
Upgraded from CRISIL BB+/Positive
Corrtech International Pvt Ltd          WC TL              CRISIL BBB-    664.5   -
Upgraded from CRISIL BB+/Positive
Corrtech International Pvt Ltd          NCD                CRISIL         1000    Assigned
                                                           BBB-/Stable
Dellorto India Pvt Ltd                  CC                 CRISIL BBB+    200     Reaffirmed
Desert Adventures Tourism L.L.C         Standby LOC^       CRISIL A1+(SO) 930     -
^Standby letter of credit facility of USD 14 million. Includes sublimit of line of 
credit for short-term loan. Facility is guaranteed by Thomas Cook (India) Ltd
Dewan and Sons                          Export Packing     CRISIL BBB     100     Reaffirmed
                                        Credit
Dewan and Sons                          Foreign Bill       CRISIL BBB     150     Reaffirmed
                                        Purchase
Dewan and Sons                          Fund & NFBL        CRISIL BBB     50      Reaffirmed
Dewan and Sons                          Standby Line of    CRISIL BBB     40      Assigned
                                        Credit
Dhariwal Industries Pvt Ltd             CC                 CRISIL BB+     110     Reaffirmed
(Issuer Not Cooperating)Rating Migrated
Dhariwal Industries Pvt Ltd             Rupee TL           CRISIL BB+     145.3   -
(Issuer Not Cooperating)Rating Migrated
Dhariwal Industries Pvt Ltd             Secured Overdraft  CRISIL BB+     60      Reaffirmed
                                        Fac
(Issuer Not Cooperating)Rating Migrated
Dhruv Consultancy Services Ltd          BG                 -              120     Withdrawn
Dhruv Consultancy Services Ltd          CC                 -              60      Withdrawn
Dhruv Consultancy Services Ltd          Drop Line          -              10      Withdrawn
                                        Overdraft Fac
Dhruv Consultancy Services Ltd          LT Bk Fac          -              10      Withdrawn
Dhruv Consultancy Services Ltd          Proposed NFBL      -              100     Withdrawn
Diamond Engineering (Chennai) Pvt Ltd   CC**               CRISIL D       407.9   Reaffirmed
(Issuer Not Cooperating). **Includes letter of credit sub-limit of Rs.0.80 crore.
Diamond Engineering (Chennai) Pvt Ltd   CC#                CRISIL D       200     Reaffirmed
(Issuer Not Cooperating). 
#Includes export packing credit sub-limit of Rs.10.0 crore and foreign bill 
discounting sub-limit of Rs.10.0 crore.
Diamond Engineering (Chennai) Pvt Ltd   Funded Interest TL CRISIL D       157.1   Reaffirmed
(Issuer Not Cooperating)
Diamond Engineering (Chennai) Pvt Ltd   LOC & BG           CRISIL D       150     Reaffirmed
(Issuer Not Cooperating)
Diamond Engineering (Chennai) Pvt Ltd   LT Loan            CRISIL D       150     Reaffirmed
(Issuer Not Cooperating)
Diamond Engineering (Chennai) Pvt Ltd   TL                 CRISIL D       188.3   Reaffirmed
(Issuer Not Cooperating)
Diamond Engineering (Chennai) Pvt Ltd   WC TL              CRISIL D       1264.4  Reaffirmed
(Issuer Not Cooperating)
Dighvijay Plastics And Allied Plastics  CC                 CRISIL BBB+    10      Reaffirmed
Products Pvt Ltd
Dutta Agro Products Pvt Ltd             CC                 CRISIL BB-     88      Reaffirmed
(Issuer Not Cooperating)Rating Migrated
Dutta Agro Products Pvt Ltd             Proposed FB Bk     CRISIL BB-     8.7     Reaffirmed
                                        Limits
(Issuer Not Cooperating)Rating Migrated
Easyaccess Financial Services Ltd       Proposed LT Bk     CRISIL A       900     Reaffirmed
                                        Loan Fac
Easyaccess Financial Services Ltd       WC Demand Loan*    CRISIL A       1100    -
*Interchangeable with cash credit / overdraft / foreign currency non-resident bank
 (FCNR-B) loans/short-term loans
Easyaccess Financial Services Ltd       CP                 CRISIL A1+     500     Reaffirmed
Elcome Integrated Systems Pvt Ltd       CC                 CRISIL BB+     170     -
Downgraded from CRISIL BBB-/Stable
Elcome Integrated Systems Pvt Ltd       Proposed LT Bk     CRISIL BB+     10      -
                                        Loan Fac
Downgraded from CRISIL BBB-/Stable
Elcome Integrated Systems Pvt Ltd       TL                 CRISIL BB+     420     -
Downgraded from CRISIL BBB-/Stable
ESDS Software Solution Pvt Ltd          BG                 Withdrawn      20      -
(Issuer Not Cooperating)Rating Withdrawn
ESDS Software Solution Pvt Ltd          Proposed LT Bk     Withdrawn      90      -
                                        Loan Fac
(Issuer Not Cooperating)Rating Withdrawn
ETA Engineering Pvt Ltd                 CC                 CRISIL D       950     Reaffirmed
(Issuer Not Cooperating)
ETA Engineering Pvt Ltd                 LOC & BG           CRISIL D       4412.5  Reaffirmed
(Issuer Not Cooperating)
ETA Engineering Pvt Ltd                 Proposed ST Bk     CRISIL D       974     Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Euphoria Mines and Minerals             Overdraft          CRISIL BB-     56      Reaffirmed
Evergreen Publications (India) Ltd      Rating Advisory    --             -       -
(CRISIL is yet to receive adequate information from the company to enable
it to undertake a rating review)
Excel Alugraphics Pvt Ltd               Proposed LT Bk     CRISIL B       10      Assigned
                                        Loan Fac
Excel Alugraphics Pvt Ltd               CC                 CRISIL B       40      Assigned
Excel Generators Pvt Ltd                Proposed LT Bk     CRISIL B+      15      Assigned
                                        Loan Fac
Excel Generators Pvt Ltd                CC                 CRISIL B+      30      Assigned
Extinct Fire Engineers Pvt Ltd          CC                 -              17.5    Withdrawn
(Issuer Not Cooperating)
Extinct Fire Engineers Pvt Ltd          LOC                -              7.5     Withdrawn
(Issuer Not Cooperating)
Extinct Fire Engineers Pvt Ltd          LOC & BG           -              70      Withdrawn
(Issuer Not Cooperating)
Extinct Fire Engineers Pvt Ltd          Proposed LT Bk     -              5       Withdrawn
                                        Loan Fac
(Issuer Not Cooperating)
Finvent Finance and Investments Ltd     Proposed LT Bk     CRISIL BB-     210     Reaffirmed
                                        Loan Fac
Fourrts India Laboratories Pvt Ltd      CC                 CRISIL BB+     200     -
(Issuer Not Cooperating)Migrated from CRISIL BBB+/Stable
Fourrts India Laboratories Pvt Ltd      Export Packing     CRISIL BB+     465     -
                                        Credit
(Issuer Not Cooperating)Migrated from CRISIL BBB+/Stable
Fourrts India Laboratories Pvt Ltd      Proposed LT Bk     CRISIL BB+     149.4   -
                                        Loan Fac
(Issuer Not Cooperating)Migrated from CRISIL BBB+/Stable
Ganga Agro Industries                   CC                 CRISIL BB-     170     Assigned
Ganga Agro Industries                   TL                 CRISIL BB-     17.5    Assigned
Garg Rice Industry                      CC                 CRISIL B       48      Reaffirmed
(Issuer Not Cooperating)Rating Migrated
Garg Rice Industry                      LT Loan            CRISIL B       22.5    Reaffirmed
(Issuer Not Cooperating)Rating Migrated
Garg Rice Industry                      Proposed CC Limit  CRISIL B       29.5    Reaffirmed
(Issuer Not Cooperating)Rating Migrated
Gaur Hari and Co.                       Proposed FB Bk     CRISIL B+      120     Reaffirmed
                                        Limits
(Issuer Not Cooperating)
Gehlot Motors Pvt Ltd                   CC                 CRISIL BB      270     -
Downgraded from CRISIL BB+/Stable
Gehlot Motors Pvt Ltd                   Proposed CC Limit  CRISIL BB      45      -
Downgraded from CRISIL BB+/Stable
Gehlot Motors Pvt Ltd                   Proposed LT Bk     CRISIL BB      200     -
                                        Loan Fac
Downgraded from CRISIL BB+/Stable
Gehlot Motors Pvt Ltd                   Standby Line of    CRISIL BB      30      Assigned
                                        Credit
Downgraded from CRISIL BB+/Stable
Global Payments Asia-Pacific India Pvt  Overdraft          CRISIL A-      1000    -
Ltd
Godha Cabcon and Insulation             CC                 CRISIL B+      80      -
(Issuer Not Cooperating)Revised from CRISIL BB-/Stable (Issuer Not Cooperating)
Godha Cabcon and Insulation             TL                 CRISIL B+      7       -
(Issuer Not Cooperating)Revised from CRISIL BB-/Stable (Issuer Not Cooperating)
Gopani Iron and Power India Pvt Ltd     LOC & BG           CRISIL A4+     1060    Reaffirmed
Gopani Iron and Power India Pvt Ltd     CC                 CRISIL BB+     170     Reaffirmed
Gopani Iron and Power India Pvt Ltd     Proposed LT Bk     CRISIL BB+     160     Reaffirmed
                                        Loan Fac
Goyal Proteins Ltd                      CC                 CRISIL A-      1150    Reaffirmed
Outlook revised from Stable and rating reaffirmed
Goyal Proteins Ltd                      Proposed CC Limit  CRISIL A-      350     Reaffirmed
Outlook revised from Stable and rating reaffirmed
Goyal Proteins Ltd                      Warehouse FinancingCRISIL A-      110     Reaffirmed
Outlook revised from Stable and rating reaffirmed
Goyal Vegoils Ltd                       CC                 CRISIL A-      1300    Reaffirmed
Outlook revised from Stable and rating reaffirmed
Goyal Vegoils Ltd                       Proposed WC Fac    CRISIL A-      90      Reaffirmed
Outlook revised from Stable and rating reaffirmed
Goyal Vegoils Ltd                       TL                 CRISIL A-      110     Assigned
Outlook revised from Stable and rating reaffirmed
Grobest Feeds Corporation(India) Pvt LtdCC                 CRISIL BB+     876.8   Migrated from
                                                                                  CRISIL BBB+
(Issuer Not Cooperating)
Grobest Feeds Corporation(India) Pvt LtdProposed LT Bk     CRISIL BB+     195.2   Migrated from
                                        Loan Fac                                  CRISIL BBB+
(Issuer Not Cooperating)
Happyhomess Consultancy Pvt Ltd         Proposed LT Bk     CRISIL B       90      Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Hotel Atithi                            Loan Against       CRISIL B+      120     Reaffirmed
                                        Property
(Issuer Not Cooperating)Rating Migrated
Hyderabad Handloom Centre               CC                 CRISIL C       60      Reaffirmed
(Issuer Not Cooperating)Rating Migrated
Imperial Hospital and Research Centre   CC                 CRISIL AA-     100     -
Ltd
Upgraded from CRISIL A+/Stable
Imperial Hospital and Research Centre   TL                 CRISIL AA-     900     -
Ltd
Upgraded from CRISIL A+/Stable
Impressions printers                    Proposed CC Limit  CRISIL BB-     70      Assigned
Impressions printers                    Proposed TL        CRISIL BB-     10      Assigned
Incap Ltd                               CC                 CRISIL B+      65      Reaffirmed
(Issuer Not Cooperating)
Incap Ltd                               Proposed LT Bk     CRISIL B+      15      Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Indel Money Pvt Ltd                     CC                 CRISIL BBB-    152.5   Reaffirmed
Indel Money Pvt Ltd                     Proposed LT Bk     CRISIL BBB-    447.5   Reaffirmed
                                        Loan Fac
India Fashions Pvt Ltd                  LOC                CRISIL A4      40      Reaffirmed
India Fashions Pvt Ltd                  Packing Credit     CRISIL A4      65      Reaffirmed
Indiabulls Consumer Finance Ltd         CP                 CRISIL A1+     50000   Reaffirmed
Industrial Glass Company - Navi Mumbai  LOC                CRISIL A4      3       Reaffirmed
Industrial Glass Company - Navi Mumbai  CC                 CRISIL B       30      Reaffirmed
Industrial Glass Company - Navi Mumbai  Proposed LT Bk     CRISIL B       22      Reaffirmed
                                        Loan Fac
Industrial Glass Company - Navi Mumbai  LT Bk Fac          Withdrawn      31      Industrial
                                                                                  Glass Company
                                                                                  - Navi Mumbai
Industrial Glass Company - Navi Mumbai  Proposed LT Bk     Withdrawn      34      Assigned
                                        Loan Fac
Ingress Autoventures India Pvt Ltd      Rating Advisory    --             -       -
(CRISIL is yet to receive adequate information from the company to enable 
it to undertake a rating review)
Innovative Tech Pack Ltd                CC                 CRISIL BBB-    80      Reaffirmed
Migrated from CRISIL BBB-/Stable (Issuer Not Cooperating)
International Print-O-Pac Ltd           LOC                CRISIL A3+     25000
International Print-O-Pac Ltd           CC                 CRISIL BBB     90000
International Print-O-Pac Ltd           Proposed CC Limit  CRISIL BBB     18000
Jagmohan Motors Ltd                     Rating Advisory    --             -       -
(CRISIL is yet to receive adequate information from the company to enable 
it to undertake a rating review)
Jai Prakash and Sons                    CC                 CRISIL BB+     15.5    Reaffirmed
Jaika Automobiles and Finance Pvt Ltd   CC                 CRISIL BB+     220     Reaffirmed
(Issuer Not Cooperating)Rating Migrated
Jaika Automobiles and Finance Pvt Ltd   Channel Financing  CRISIL BB+     1239.5  Reaffirmed
(Issuer Not Cooperating)Rating Migrated
Jaika Automobiles and Finance Pvt Ltd   TL                 CRISIL BB+     73      Reaffirmed
(Issuer Not Cooperating)Rating Migrated
Jay Ushin Ltd                           Purchase Bill      CRISIL A4+     250     -
                                        Discounting
Downgraded from CRISIL A3
Jay Ushin Ltd                           Sales Bill         CRISIL A4+     310     -
                                        Discounting
Downgraded from CRISIL A3
Jay Ushin Ltd                           Foreign Currency TLCRISIL BB+     142.5   -
Downgraded from CRISIL BBB-/Stable
Jay Ushin Ltd                           TL                 CRISIL BB+     547.5   -
Downgraded from CRISIL BBB-/Stable
JBM Solar Energy Maharashtra Pvt Ltd    Proposed LT Bk     CRISIL A-      220     Reaffirmed
                                        Loan Fac
Continues on Rating Watch with
JBM Solar Energy Maharashtra Pvt Ltd    Rupee TL           CRISIL A-      2330    Reaffirmed
Continues on Rating Watch with
Jbm Solar Power Maharashtra Pvt Ltd     Proposed LT Bk     CRISIL A-      130     Reaffirmed
                                        Loan Fac
Jbm Solar Power Maharashtra Pvt Ltd     Rupee TL           CRISIL A-      1570    Reaffirmed
JBM Solar Power Pvt Ltd                 Overdraft          CRISIL A-      50      Reaffirmed
Continues on Rating Watch with Developing Implications
JBM Solar Power Pvt Ltd                 Proposed LT Bk     CRISIL A-      61.4    Reaffirmed
                                        Loan Fac
Continues on Rating Watch with Developing Implications
JBM Solar Power Pvt Ltd                 Rupee TL           CRISIL A-      588.6   Reaffirmed
Continues on Rating Watch with Developing Implications
Jeevan Sumyuktha Hospitals Pvt Ltd      Secured Overdraft  CRISIL B       5.5     Assigned
                                        Fac
Jeevan Sumyuktha Hospitals Pvt Ltd      TL                 CRISIL B       54.5    Assigned
Jesons Industries Ltd                   Export Packing     CRISIL A-      300     Assigned
                                        Credit
Jesons Industries Ltd                   CC                 CRISIL A-      800     Assigned
Jesons Industries Ltd                   Proposed LT Bk     CRISIL A-      141.5   Assigned
                                        Loan Fac
Jesons Industries Ltd                   Proposed TL        CRISIL A-      375     Assigned
Jiya Eco-Products Ltd                   LT Rating          CRISIL         -       Withdrawn
                                                           BB+/Stable
Jubilee Infratech Pvt Ltd               LT Loan            CRISIL B+      14      Reaffirmed
(Issuer Not Cooperating)Rating Migrated
Jubilee Infratech Pvt Ltd               Proposed LT Bk     CRISIL B+      46      Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)Rating Migrated
Jyote Motors Pvt Ltd                    CC                 CRISIL BB      150     Reaffirmed
Jyote Motors Pvt Ltd                    Electronic Dealer  CRISIL BB      250     Reaffirmed
                                        Financing
                                        Scheme(e-DFS)
Jyote Motors Pvt Ltd                    Inventory Funding  CRISIL BB      360     Reaffirmed
                                        Fac
Jyote Motors Pvt Ltd                    Proposed LT Bk     CRISIL BB      40      Assigned
                                        Loan Fac
K N Industries                          CC                 CRISIL BB      57.4    Reaffirmed
K N Industries                          LT Bk Fac          CRISIL BB      32.6    Reaffirmed
K R Rubberite Ltd                       Rating Advisory    --             -       -
(CRISIL is yet to receive adequate information from the company to enable
it to undertake a rating review)
K. R. Bakes Pvt Ltd                     CC                 CRISIL BB+     5       -
(Issuer Not Cooperating)Migrated from CRISIL BBB-/Stable
K. R. Bakes Pvt Ltd                     Proposed LT Bk     CRISIL BB+     13      -
                                        Loan Fac
(Issuer Not Cooperating)Migrated from CRISIL BBB-/Stable
K. R. Bakes Pvt Ltd                     TL                 CRISIL BB+     112     -
(Issuer Not Cooperating)Migrated from CRISIL BBB-/Stable
Kalp Diamonds                           Rating Advisory    --             -       -
(CRISIL is yet to receive adequate information from the company to enable
it to undertake a rating review)
Kamson Healthcare Pvt Ltd               CC                 CRISIL BB-     5       Reaffirmed
(Issuer Not Cooperating)
Kamson Healthcare Pvt Ltd               TL                 CRISIL BB-     101     Reaffirmed
(Issuer Not Cooperating)
Kanchi Karpooram Ltd                    Buyer`s Credit     CRISIL B+      60      Reaffirmed
(Issuer Not Cooperating)
Kanchi Karpooram Ltd                    CC                 CRISIL B+      70      Reaffirmed
(Issuer Not Cooperating)
Kanchi Karpooram Ltd                    Proposed LT Bk     CRISIL B+      70      Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
KCC Roads Construction Pvt Ltd          TL                 CRISIL A-      760     Reaffirmed
KEW Industries Ltd                      CC                 CRISIL D       149.5   Reaffirmed
(Issuer Not Cooperating)
KEW Industries Ltd                      TL                 CRISIL D       10.5    Reaffirmed
(Issuer Not Cooperating)
Khurana Polymers Pvt Ltd                CC                 CRISIL BB-     44      Reaffirmed
(Issuer Not Cooperating)Rating Migrated
Khurana Polymers Pvt Ltd                TL                 CRISIL BB-     117.5   Reaffirmed
(Issuer Not Cooperating)Rating Migrated
KKSPUN India Ltd                        CC                 CRISIL BBB+    700     -
Downgraded from CRISIL A-/Stable
KKSPUN India Ltd                        LT Loan            CRISIL BBB+    740     -
Downgraded from CRISIL A-/Stable
Kudgi Transmission Ltd                  NCD                CRISIL AAA     14450   Reassigned
Kudgi Transmission Ltd                  NCD                CRISIL AAA(SO) 320     -
La-Gajjar Machineris Pvt Ltd            CC*                CRISIL A       650     Reaffirmed
*Interchangeable with Working Capital Demand Loan (WCDL), Export Packing Credit (EPC),
 Packing Credit in Foreign Currency (PCFC)
La-Gajjar Machineris Pvt Ltd            Proposed LT Bk     CRISIL A       81.9    Reaffirmed
                                        Loan Fac
La-Gajjar Machineris Pvt Ltd            TL                 CRISIL A       69.6    Reaffirmed
La-Gajjar Machineris Pvt Ltd            WC TL              CRISIL A       200     Reaffirmed
La-Gajjar Machineris Pvt Ltd            LOC & BG           CRISIL A1      680     Reaffirmed
La-Gajjar Machineris Pvt Ltd            Proposed ST Bk     CRISIL A1      20      Reaffirmed
                                        Loan Fac
Lakshmi Float Glass Ltd                 CC                 CRISIL B+      300     -
(Issuer Not Cooperating)Revised from CRISIL BB/Stable (Issuer Not Cooperating)
Lakshmi Float Glass Ltd                 WC Demand Loan     CRISIL B+      200     -
(Issuer Not Cooperating)Revised from CRISIL BB/Stable (Issuer Not Cooperating)
Lamco Industries Pvt Ltd                CC                 CRISIL BB+     160     Reaffirmed
(Issuer Not Cooperating)Rating Migrated
Lendingkart Finance Ltd                 CC                 CRISIL BBB+    100     Reaffirmed
Lendingkart Finance Ltd                 TL                 CRISIL BBB+    1900    Reaffirmed
Lion Foods Pvt Ltd                      TL                 CRISIL BB-     50      Reaffirmed
(Issuer Not Cooperating)Rating Migrated
Lomino Ceramic LLP                      Proposed CC Limit  CRISIL B+      25      Reaffirmed
(Issuer Not Cooperating)Rating Migrated
Lomino Ceramic LLP                      Proposed LT Bk     CRISIL B+      5       Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)Rating Migrated
Lomino Ceramic LLP                      TL                 CRISIL B+      70      Reaffirmed
(Issuer Not Cooperating)Rating Migrated
Lorica Tiles LLP                        Proposed LT Bk     CRISIL B       190     Assigned
                                        Loan Fac
Maa Sheetla Autowheels Pvt Ltd          CC                 CRISIL B       75      Assigned
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)
Mahindra EPC Irrigation Ltd             CC*                CRISIL A+      445     -
*Interchangeable with working capital demand loan, letter of credit, 
and bank guarantee limits.
Mahindra EPC Irrigation Ltd             Proposed LT Bk     CRISIL A+      100     Reaffirmed
                                        Loan Fac
Mahindra EPC Irrigation Ltd             Proposed WC Fac    CRISIL A+      255     Reaffirmed
Mahle Engine Components India Pvt Ltd   CC & WC demand loanCRISIL BBB+    2200    Reaffirmed
Mahle Engine Components India Pvt Ltd   TL                 CRISIL BBB+    500     Reaffirmed
Malu Electrodes Pvt Ltd                 CC                 CRISIL A       167.5   -
Downgraded from CRISIL A+/Stable
Malu Electrodes Pvt Ltd                 Proposed LT Bk     CRISIL A       52.5    -
                                        Loan Fac
Downgraded from CRISIL A+/Stable
Malu Electrodes Pvt Ltd                 LOC                CRISIL A1      500     -
Downgraded from CRISIL A1+
Malu Paper Mills Ltd                    CC                 CRISIL BB      247.5   -
Upgraded from CRISIL BB-/Stable
Malu Paper Mills Ltd                    LT Loan            CRISIL BB      568.9   -
Upgraded from CRISIL BB-/Stable
Malu Paper Mills Ltd                    Proposed LT Bk     CRISIL BB      11.6    -
                                        Loan Fac
Upgraded from CRISIL BB-/Stable
Manappuram Finance Ltd                  TL                 Withdrawn      2500
Manappuram Finance Ltd                  CP                 CRISIL A1+     35000   Reaffirmed
Manappuram Finance Ltd                  NCD                CRISIL         505     Upgraded from
                                                           AA/Stable              CRISIL AA-
Manappuram Finance Ltd                  NCD                CRISIL         27070   Upgraded from
                                                           AA/Stable              CRISIL AA-
Manappuram Home Finance Ltd             CP                 CRISIL A1+     250     Reaffirmed
Manappuram Home Finance Ltd             TL                 CRISIL AA-     1750    -
Manappuram Home Finance Ltd             WC Loan            CRISIL AA-     250     -
Manas Lumba                             LT Loan            CRISIL B+      175.5   Reaffirmed
Manoj Jaiswal and Others                Rating Advisory    --             -       -
(CRISIL is yet to receive adequate information from the company to enable 
it to undertake a rating review)
Manoj Kumar Singh - Deoghar             Proposed ST Bk     CRISIL A4+     40      Assigned
                                        Loan Fac
Manoj Kumar Singh - Deoghar             BG                 CRISIL A4+     50      Assigned
Manoj Kumar Singh - Deoghar             CC                 CRISIL BB      10      Assigned
Masqati Dairy Products                  CC                 CRISIL BBB-    100     Assigned
Menon and Menon Ltd                     Rating Advisory    --             -       -
(CRISIL is yet to receive adequate information from the company to enable 
it to undertake a rating review)
MFL Securitisation Trust LXXVIII        Series A1 PTCs     CRISIL AAA (SO)-       -
(Originator: Magma Fincorp Ltd)
Converted from Provisional Rating to Final Rating
MFL Securitisation Trust LXXVIII        Series A2 PTCs     CRISIL AAA (SO)-       -
(Originator: Magma Fincorp Ltd)
Converted from Provisional Rating to Final Rating
MFL Securitisation Trust LXXVIII        Series B PTCs      CRISIL AAA (SO)-       -
(Originator: Magma Fincorp Ltd)
Converted from Provisional Rating to Final Rating
MFL Securitisation Trust LXXVIII        Series C PTCs      CRISIL AAA (SO)-       -
(Originator: Magma Fincorp Ltd)
Converted from Provisional Rating to Final Rating
MFL Securitisation Trust LXXVIII        Series D PTCs      CRISIL AAA (SO)-       -
(Originator: Magma Fincorp Ltd)
Converted from Provisional Rating to Final Rating
MFL Securitisation Trust LXXVIII        Second loss Fac    CRISIL BBB-    -       -
(Originator: Magma Fincorp Ltd)                            (SO) Equivalent
Converted from Provisional Rating to Final Rating
MFL Securitisation Trust LXXXIX         Series A1 PTCs     Provisional    -       Provisional
(Originator: Magma Fincorp Ltd)                            CRISIL AAA (SO)        Rating
                                                                                  Assigned
MFL Securitisation Trust LXXXIX         Series B1 PTCs     Provisional    -       Provisional
(Originator: Magma Fincorp Ltd)                            CRISIL AAA (SO)        Rating
                                                                                  Assigned
MFL Securitisation Trust LXXXIX         Series C1 PTCs     Provisional    -       Provisional
(Originator: Magma Fincorp Ltd)                            CRISIL AAA (SO)        Rating
                                                                                  Assigned
Micro Units Development and Refinance   Corporate Credit   CCR AAA        -       Withdrawn
Agency Ltd                              Rating
Mittal Brothers Engineers and           CC                 CRISIL BB      100     Reaffirmed
Contractors
Mittal Construction Unit                CC                 CRISIL B+      110     -
Downgraded from CRISIL BB-/Stable
Mohib Shoes Pvt Ltd                     CC                 CRISIL BB+     4.5     -
(Issuer Not Cooperating)Migrated from CRISIL BBB/Stable
Mohib Shoes Pvt Ltd                     Export Packing     CRISIL BB+     190     -
                                        Credit
(Issuer Not Cooperating)Migrated from CRISIL BBB/Stable
Mohib Shoes Pvt Ltd                     Foreign Bill       CRISIL BB+     140     -
                                        Purchase
(Issuer Not Cooperating)Migrated from CRISIL BBB/Stable
Mohib Shoes Pvt Ltd                     Proposed LT Bk     CRISIL BB+     0.5     -
                                        Loan Fac
(Issuer Not Cooperating)Migrated from CRISIL BBB/Stable
Motorcraft India Pvt Ltd                TL                 CRISIL BB+     50      -
(Issuer Not Cooperating)
Motorcraft Sales Pvt Ltd                Inventory Funding  CRISIL BB+     230     -
                                        Fac
(Issuer Not Cooperating)Migrated from CRISIL BBB-/Stable*
Motorcraft Sales Pvt Ltd                WC Fac             CRISIL BB+     10      -
(Issuer Not Cooperating)Migrated from CRISIL BBB-/Stable*
Nachiketa Papers Ltd                    CC                 CRISIL BBB-    80      -
Migrated from CRISIL BB+/Stable (Issuer Not Cooperating)*
Nachiketa Papers Ltd                    LT Loan            CRISIL BBB-    50      -
Migrated from CRISIL BB+/Stable (Issuer Not Cooperating)*
Nagman Instruments and Electronics Pvt  Rating Advisory    --             -       -
Ltd
(CRISIL is yet to receive adequate information from the company to enable
it to undertake a rating review)
Narayan Powertech Pvt Ltd               CC**               CRISIL BBB+    70      Reaffirmed
(Issuer Not Cooperating)Rating Migrated. 
**Packing credit facility of Rs.4 crore, Packing credit in foreign currency
 facility of Rs.4 crore, Foreign Documentary Bills for purchase facility of
 Rs.2.5 crore, Letter of Credit facility of Rs.6 crore and Bank Guarantee 
facility of Rs.3 crore as a sublimit of cash credit facility. 
Narayan Powertech Pvt Ltd               Proposed LT Bk     CRISIL BBB+    123     Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)Rating Migrated
Nath Bio-Genes India Ltd                CC                 CRISIL BBB     590     Reaffirmed
Nath Bio-Genes India Ltd                Proposed CC Limit  CRISIL BBB     160     Reaffirmed
Navkar Corporation Ltd                  CC                 CRISIL BB+     350     -
(Issuer Not Cooperating)Revised from CRISIL A/Stable (Issuer Not Cooperating)
Navkar Corporation Ltd                  Proposed LT Bk     CRISIL BB+     508.5   -
                                        Loan Fac
(Issuer Not Cooperating)Revised from CRISIL A/Stable (Issuer Not Cooperating)
Navkar Corporation Ltd                  TL                 CRISIL BB+     2695.8  -
(Issuer Not Cooperating)Revised from CRISIL A/Stable (Issuer Not Cooperating)
Navkar Corporation Ltd                  NCD                CRISIL         1000    -
                                                           BB+/Stable
(Issuer Not Cooperating)Revised from CRISIL A/Stable (Issuer Not Cooperating)
Neel Industries Pvt Ltd                 CC^^               CRISIL A-      60      Reaffirmed
^^Interchangeable with working capital demand loan; changeable one-way with letter of 
credit and bank guarantee (BG)
Neel Industries Pvt Ltd                 Proposed LT Bk     CRISIL A-      40      Reaffirmed
                                        Loan Fac
Neel Industries Pvt Ltd                 ST Rating          CRISIL A2+             -
(Continues on Rating Watch with Developing Implications)
Nelson Global Products India Pvt Ltd    CC                 CRISIL BBB+    190     Reaffirmed
Nelson Global Products India Pvt Ltd    Foreign Currency TLCRISIL BBB+    75      Reaffirmed
Nexo Industries Pvt Ltd                 BG                 CRISIL A4+     70      -
(Issuer Not Cooperating)
Nexo Industries Pvt Ltd                 LOC                CRISIL A4+     75      -
(Issuer Not Cooperating)
Nexo Industries Pvt Ltd                 CC                 CRISIL BB+     600     -
(Issuer Not Cooperating)
Nexo Industries Pvt Ltd                 LT Bk Fac          CRISIL BB+     10      -
(Issuer Not Cooperating)
Nexo Industries Pvt Ltd                 LT Loan            CRISIL BB+     50.6    -
(Issuer Not Cooperating)
Nexo Industries Pvt Ltd                 Proposed CC Limit  CRISIL BB+     44.4    -
(Issuer Not Cooperating)
Nexo Industries Pvt Ltd                 Standby Line of    CRISIL BB+     50      -
                                        Credit
(Issuer Not Cooperating)
Nilachal Refractories Ltd               Proposed LT Bk     CRISIL D       462.5   Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Nilkanth Developers - Ankleshwar        LT Loan            CRISIL B+      70      Assigned
Nipha Exports Pvt Ltd                   CC                 CRISIL BB      50      -
(Issuer Not Cooperating)Migrated from CRISIL BBB/Stable
Nipha Exports Pvt Ltd                   Proposed LT Bk     CRISIL BB      30      -
                                        Loan Fac
(Issuer Not Cooperating)Migrated from CRISIL BBB/Stable
Nipha Exports Pvt Ltd                   TL                 CRISIL BB      1.5     -
(Issuer Not Cooperating)Migrated from CRISIL BBB/Stable
Nipha India Pvt Ltd                     CC                 CRISIL BB      20      Reaffirmed
(Issuer Not Cooperating)Rating Migrated
Nipha India Pvt Ltd                     LT Loan            CRISIL BB      130     Reaffirmed
(Issuer Not Cooperating)Rating Migrated
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)
Orion Security Solutions Pvt Ltd        BG                 -              470     Withdrawn
Orion Security Solutions Pvt Ltd        CC                 -              50      Withdrawn
Orion Security Solutions Pvt Ltd        CC/ Overdraft Fac  -              10      Withdrawn
Orion Security Solutions Pvt Ltd        Proposed LT Bk     -              95      Withdrawn
                                        Loan Fac
Orion Security Solutions Pvt Ltd        WC Loan            -              75      Withdrawn
OSM Projects Pvt Ltd                    CC                 CRISIL B+      99      Reaffirmed
(Issuer Not Cooperating)
OSM Projects Pvt Ltd                    TL                 CRISIL B+      1       Reaffirmed
(Issuer Not Cooperating)
Oswal Minerals Ltd                      CC                 CRISIL BBB-    1040    Reaffirmed
P.A. Times Industries Unit-II           Rating Advisory    --             -       -
(CRISIL is yet to receive adequate information from the company to enable
it to undertake a rating review)
P.S. Construction Pvt Ltd               BG                 CRISIL A4      100     Reaffirmed
(Issuer Not Cooperating)
P.S. Construction Pvt Ltd               Overdraft          CRISIL B+      10      Reaffirmed
(Issuer Not Cooperating)
Paras Synthetics (India) Pvt Ltd        Overdraft          CRISIL BB-     130     Assigned
Paresh Constructions and Foundations    CC                 CRISIL BB+     20      -
Pvt Ltd
(Issuer Not Cooperating)Migrated from CRISIL BBB-/Stable
Paresh Constructions and Foundations    Proposed LT Bk     CRISIL BB+     20      -
Pvt Ltd                                 Loan Fac
(Issuer Not Cooperating)Migrated from CRISIL BBB-/Stable
Pavani Controls and Panels Ltd          CC                 CRISIL BBB     170     Reaffirmed
Pavani Controls and Panels Ltd          Proposed WC Fac    CRISIL BBB     220     Reaffirmed
Payal Dealers Pvt Ltd                   CC                 CRISIL BB+     115     Assigned
Payal Dealers Pvt Ltd                   TL                 CRISIL BB+     7       Assigned
Pearl Insulations Pvt Ltd               CC                 CRISIL BB-     50      Reaffirmed
(Issuer Not Cooperating)
Pearl Insulations Pvt Ltd               Proposed LT Bk     CRISIL BB-     14      Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Peethambra Granites Pvt Ltd             TL                 CRISIL BBB-    200     Reaffirmed
(Issuer Not Cooperating)Rating Migrated
Phoenix Foils Pvt Ltd                   CC                 -              120     Withdrawn
(Issuer Not Cooperating)Rating Withdrawn
Phoenix Foils Pvt Ltd                   LOC                -              170     Withdrawn
(Issuer Not Cooperating)Rating Withdrawn
Phoenix Foils Pvt Ltd                   LT Loan            -              34      Withdrawn
(Issuer Not Cooperating)Rating Withdrawn
Phoenix Foils Pvt Ltd                   Proposed LT Bk     -              13.3    Withdrawn
                                        Loan Fac
(Issuer Not Cooperating)Rating Withdrawn
Pollutech Engineering                   CC                 CRISIL BBB-    220     Reaffirmed
Pollutech Engineering                   TL                 CRISIL BBB-    10      Reaffirmed
Pon Pure Chemical India Pvt Ltd         CC                 CRISIL BBB+    420     -
Prakasam Heavy Engineering Pvt Ltd      BG                 CRISIL D       225     -
(Issuer Not Cooperating)Downgraded from CRISIL B
Prakasam Heavy Engineering Pvt Ltd      Overdraft          CRISIL D       50      -
(Issuer Not Cooperating)Downgraded from CRISIL B
Prakash Industrial Infrastructure Pvt   TL                 CRISIL B       85      -
Ltd
(Issuer Not Cooperating)Rating Migrated
Pranami Builders Pvt Ltd                Lease Rental       CRISIL BB      85      Assigned
                                        Discounting Loan
Pranami Builders Pvt Ltd                LT Loan            CRISIL BB      45      Assigned
Pranidhi Constructions Pvt Ltd          Proposed LT Bk     CRISIL BB      100     Assigned
                                        Loan Fac
Pressure Vessels India                  CC                 CRISIL BB-     30      Reaffirmed
Pressure Vessels India                  Proposed LT Bk     CRISIL BB-     58      Reaffirmed
                                        Loan Fac
Prolific Systems and Technologies Pvt   CC                 CRISIL BB+     230     -
Ltd
(Issuer Not Cooperating)Migrated from CRISIL BBB-/Positive
Prolific Systems and Technologies Pvt   Proposed LT Bk     CRISIL BB+     5       -
Ltd                                     Loan Fac
(Issuer Not Cooperating)Migrated from CRISIL BBB-/Positive
Pure Chemicals Co                       CC                 CRISIL BBB     130     Assigned
Purushottam Narayan Gadgil              CC                 CRISIL BBB-    400     -
(Issuer Not Cooperating)
Quazar Infrastructure Pvt Ltd           CC                 CRISIL B       37.5    Assigned
Assigned; Suspension Revoked 
Quazar Infrastructure Pvt Ltd           Proposed CC Limit  CRISIL B       10      Assigned
Assigned; Suspension Revoked 
R M Dhariwal (HUF)                      CC                 CRISIL BB+     70      Reaffirmed
(Issuer Not Cooperating)
Raia Jewels Pvt Ltd                     CC*                CRISIL BBB-    110     Reaffirmed
*Interchangeable with WCDL 
Raia Jewels Pvt Ltd                     Gold Loan#         CRISIL BBB-    380     Reaffirmed
#Sublimit of CC 
Raia Jewels Pvt Ltd                     LT Loan            CRISIL BBB-    196.8   Reaffirmed
Raia Jewels Pvt Ltd                     Proposed LT Bk     CRISIL BBB-    15.2    Reaffirmed
                                        Loan Fac
RCCPL Pvt Ltd                           CP                 CRISIL A1+     1000    Reaffirmed
Reliable Industries                     CC                 CRISIL BB+     110     -
(Issuer Not Cooperating)Migrated from CRISIL BBB-/Stable
Reliable Industries                     LT Loan            CRISIL BB+     3       -
(Issuer Not Cooperating)Migrated from CRISIL BBB-/Stable
Reliable Industries                     Proposed CC Limit  CRISIL BB+     12      -
(Issuer Not Cooperating)Migrated from CRISIL BBB-/Stable
Reliable Industries                     Proposed FB Bk     CRISIL BB+     50      -
                                        Limits
(Issuer Not Cooperating)Migrated from CRISIL BBB-/Stable
Reliable Industries                     Proposed TL        CRISIL BB+     40      -
(Issuer Not Cooperating)Migrated from CRISIL BBB-/Stable
Relisys Medical Devices Ltd             NCD                CRISIL B-      310     Reaffirmed
Ricela Health Foods Ltd                 Rating Advisory    --             -       -
(CRISIL is yet to receive adequate information from the company to enable
it to undertake a rating review)
Rocket Engineering Corporation Pvt Ltd  CC                 CRISIL BB+     100     -
(Issuer Not Cooperating)Migrated from CRISIL BBB-/Negative
Rocket Engineering Corporation Pvt Ltd  Proposed LT Bk     CRISIL BB+     180     -
                                        Loan Fac
(Issuer Not Cooperating)Migrated from CRISIL BBB-/Negative
Rocket Engineering Corporation Pvt Ltd  Standby Line of    CRISIL BB+     20      -
                                        Credit
(Issuer Not Cooperating)Migrated from CRISIL BBB-/Negative
Rohan Motors Ltd                        Rating Advisory    --             -       -
(CRISIL is yet to receive adequate information from the company to enable
it to undertake a rating review)
Rudra Automobiles Pvt Ltd               BG                 CRISIL A3+     17.1    Reaffirmed
Rudra Automobiles Pvt Ltd               CC                 CRISIL BBB     200     Reaffirmed
Rudra Automobiles Pvt Ltd               Inventory Funding  CRISIL BBB     80      Reaffirmed
                                        Fac
Rudra Automobiles Pvt Ltd               LT Loan            CRISIL BBB     12.9    -
Rughani Brothers                        Export Packing     -              100     Withdrawn
                                        Credit
(Issuer Not Cooperating)Rating Withdrawn
RVN Infra Pvt Ltd                       CC                 CRISIL B+      60      Reaffirmed
(Issuer Not Cooperating)Rating Withdrawn
S V Distributors Pvt Ltd                CC                 CRISIL BB      460     -
Upgraded from CRISIL BB-/Stable
S V Distributors Pvt Ltd                Proposed CC Limit  CRISIL BB      190     Assigned
Upgraded from CRISIL BB-/Stable
Sai Datta Constructions                 Rating Advisory    --             -       -
(CRISIL is yet to receive adequate information from the company to enable
it to undertake a rating review)
Saimax Ceramic Pvt Ltd                  Rating Advisory    --             -       -
(CRISIL is yet to receive adequate information from the company to enable
it to undertake a rating review)
Sambandam Spinning Mills Ltd            CC                 CRISIL B+      548.5   -
(Issuer Not Cooperating)Revised from CRISIL BB-/Stable
Sambandam Spinning Mills Ltd            TL                 CRISIL B+      210     -
(Issuer Not Cooperating)Revised from CRISIL BB-/Stable
Sangamner Shetki Sahakari Sangh Ltd     CC                 CRISIL BB-     60      Reaffirmed
Sangamner Shetki Sahakari Sangh Ltd     Proposed CC Limit  CRISIL BB-     5       Reaffirmed
Sanjivani Paranteral Ltd                BG^                CRISIL D       65      Reaffirmed
(Issuer Not Cooperating) ^Interchangeable with letter of credit facility
Sanjivani Paranteral Ltd                CC                 CRISIL D       450     Reaffirmed
(Issuer Not Cooperating)
Sanjivani Paranteral Ltd                Export Bill        CRISIL D       10      Reaffirmed
                                        Purchase
                                        -Discounting
(Issuer Not Cooperating)
Sanjivani Paranteral Ltd                Proposed LT Bk     CRISIL D       88      Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Sanjivani Paranteral Ltd                TL                 CRISIL D       42      Reaffirmed
(Issuer Not Cooperating)
Seshaasai Business Forms Pvt Ltd        CC                 CRISIL BBB+    400     Reaffirmed
Seshaasai Business Forms Pvt Ltd        LT Loan            CRISIL BBB+    540.4   Reaffirmed
Seshaasai Business Forms Pvt Ltd        Proposed LT Bk     CRISIL BBB+    16.4    Reaffirmed
                                        Loan Fac
Severn Glocon India Pvt Ltd             CC                 CRISIL BB+     30      -
(Issuer Not Cooperating)Migrated from CRISIL BBB/Stable
Severn Glocon India Pvt Ltd             Export Packing     CRISIL BB+     240     -
                                        Credit
(Issuer Not Cooperating)Migrated from CRISIL BBB/Stable
Severn Glocon India Pvt Ltd             LT Bk Fac          CRISIL BB+     75      -
(Issuer Not Cooperating)Migrated from CRISIL BBB/Stable
Shailesh Traders                        Rating Advisory    --             -       -
(CRISIL is yet to receive adequate information from the company to enable
it to undertake a rating review)
Shamsons Industries                     CC                 Withdrawn      60      -
(Issuer Not Cooperating)Rating Withdrawn
Shamsons Industries                     LOC                Withdrawn      15      -
(Issuer Not Cooperating)Rating Withdrawn
Shamsons Industries                     Proposed LT Bk     Withdrawn      50      -
                                        Loan Fac
(Issuer Not Cooperating)Rating Withdrawn
Shell Laminates Pvt Ltd                 CC                 CRISIL BB-     20      Reaffirmed
(Issuer Not Cooperating)Rating Migrated
Shell Laminates Pvt Ltd                 Proposed LT Bk     CRISIL BB-     70      Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)Rating Migrated
Shilpa Stock Broker Pvt Ltd             Rating Advisory    --             -
(CRISIL is yet to receive adequate information from the company to enable
it to undertake a rating review)
Shivalik Engineering Industries Ltd     Rating Advisory    --             -       -
(CRISIL is yet to receive adequate information from the company to enable
it to undertake a rating review)
Shivalik Power and Steel Pvt Ltd        Rating Advisory    --             -       -
(CRISIL is yet to receive adequate information from the company to enable
it to undertake a rating review)
Shresthabhishek Buildcon Pvt Ltd        Proposed Overdraft CRISIL B+      80      Assigned
                                        Fac
Shresthabhishek Buildcon Pvt Ltd        Proposed LT Bk     CRISIL B+      75      Assigned
                                        Loan Fac
Shri Khatu Shyam Alloys Pvt Ltd         CC                 CRISIL BB+     120     -
(Issuer Not Cooperating)Migrated from CRISIL BBB/Stable
Shri Mahavir Bright Steel Udyog         CC                 CRISIL B+      95      Reaffirmed
(Issuer Not Cooperating)
Shri Mahavir Bright Steel Udyog         Proposed LT Bk     CRISIL B+      25      Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
SHRI Trust AA 2019 (Originator:         Series A PTCs      CRISIL AAA (SO)-       Converted
Sundaram Finance Ltd) - SHRI Trust AA                                             from
2019                                                                              Provisional 
                                                                                  Rating to 
                                                                                  Final Rating
Shriniwas Spintex Industries Pvt Ltd    BG                 -              20      Withdrawn
(Issuer Not Cooperating)Rating Withdrawn
Shriniwas Spintex Industries Pvt Ltd    CC                 -              90      Withdrawn
(Issuer Not Cooperating)Rating Withdrawn
Shriniwas Spintex Industries Pvt Ltd    TL                 -              350     Withdrawn
(Issuer Not Cooperating)Rating Withdrawn
Shubhi Agro Industries Ltd              BG                 CRISIL D       10      Reaffirmed
(Issuer Not Cooperating)
Shubhi Agro Industries Ltd              CC                 CRISIL D       200     Reaffirmed
(Issuer Not Cooperating)
Shubhi Agro Industries Ltd              Proposed LT Bk     CRISIL D       535.5   Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Shubhi Agro Industries Ltd              TL                 CRISIL D       229.5   Reaffirmed
(Issuer Not Cooperating)
Shubhi Agro Industries Ltd              NCD                CRISIL D       525     -
(Issuer Not Cooperating)
Simpolo Vitrified Pvt Ltd               CC                 CRISIL A-      650     Assigned
Assigned; Suspension Revoked
Simpolo Vitrified Pvt Ltd               WC Demand Loan     CRISIL A-      100     Assigned
Assigned; Suspension Revoked
Simpolo Vitrified Pvt Ltd               TL                 CRISIL A-      200     Assigned
Assigned; Suspension Revoked
Sims Ceramic Pvt Ltd                    CC                 CRISIL A-      800     -
Assigned; Suspension Revoked
Sims Ceramic Pvt Ltd                    TL                 CRISIL A-      648.3   -
Assigned; Suspension Revoked
Sims Ceramic Pvt Ltd                    Proposed LT Bk     CRISIL A-      2.3     -
                                        Loan Fac
Assigned; Suspension Revoked
SM Systems                              Proposed WC Fac    CRISIL BB      40      Assigned
SM Systems                              CC                 CRISIL BB      5       Assigned
Southern Auto Products Co.              BG                 CRISIL D       10      -
(Issuer Not Cooperating)
Southern Auto Products Co.              CC                 CRISIL D       65      -
(Issuer Not Cooperating)
Southern Auto Products Co.              LT Loan            CRISIL D       25      -
(Issuer Not Cooperating)
Spark Electricals & Projects Pvt Ltd    BG                 CRISIL A4+     27      Reaffirmed
Spark Electricals & Projects Pvt Ltd    Overdraft          CRISIL BB-     40      Reaffirmed
Sponge Sales India Pvt Ltd              CC                 CRISIL BB      140     Reaffirmed
(Issuer Not Cooperating)Rating Migrated
Sreedhanya Construction Co              Rating Advisory    --             -       -
(CRISIL is yet to receive adequate information from the company to enable
it to undertake a rating review)
Sri Kanya Corporation                   CC^                CRISIL B+      100     Reaffirmed
(Issuer Not Cooperating)Rating Migrated. ^Rs.3.00 Cr Bank guarantee sublimit of CC
Sri Kanya Corporation                   LT Loan            CRISIL B+      80      Reaffirmed
(Issuer Not Cooperating)Rating Migrated
Sri Kanya Corporation                   Proposed LT Bk     CRISIL B+      50      Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)Rating Migrated
Sri Kumaraswamy Mineral Exports Pvt Ltd LT Loan            CRISIL D       440     Reaffirmed
(Issuer Not Cooperating)Rating Migrated
Sri Shiva Sai Cotton Ginning Mills      TL                 CRISIL B       31.8    Assigned
Sri Shiva Sai Cotton Ginning Mills      Open CC            CRISIL B       15      Assigned
Sri Shiva Sai Cotton Ginning Mills      Proposed LT Bk     CRISIL B       43.2    Assigned
                                        Loan Fac
Sripali                                 Foreign Bill       CRISIL BB-     60      Assigned
                                        Purchase
St. John Sawmill and Timbers            CC                 CRISIL B       19      Reaffirmed
(Issuer Not Cooperating)Rating Migrated
Star Rewinders and Electricals          BG                 -              150     Withdrawn
(Issuer Not Cooperating)
Star Rewinders and Electricals          CC                 -              30      Withdrawn
(Issuer Not Cooperating)
Star Rewinders and Electricals          LOC                -              25      Withdrawn
(Issuer Not Cooperating)
Star Trace Pvt Ltd                      CC                 CRISIL BB-     100     Assigned
Stork Ferro and Mineral Industries Pvt  CC                 CRISIL BB      280     -
Ltd
Upgraded from CRISIL B+/Stable
Subam Papers Pvt Ltd                    CC                 CRISIL BB+     600     -
(Issuer Not Cooperating)Migrated from CRISIL BBB/Positive
Subam Papers Pvt Ltd                    LT Bk Fac          CRISIL BB+     149     -
(Issuer Not Cooperating)Migrated from CRISIL BBB/Positive
Superkino Equipments Pvt Ltd            BG                 CRISIL A4+     7.5     Assigned
Superkino Equipments Pvt Ltd            TL                 CRISIL BB-     120     Assigned
Superkino Equipments Pvt Ltd            CC                 CRISIL BB-     30      Assigned
Suraj Mal Anil Kumar Pvt Ltd            Proposed CC Limit  CRISIL BB-     90      Assigned
Suraj Mal Anil Kumar Pvt Ltd            Proposed TL        CRISIL BB-     110     Assigned
Swarna Tollway Pvt Ltd                  NCD                CRISIL         945     (Reassigned
                                                           AAA/Stable             from CRISIL
                                                                                  AAA(SO)/
                                                                                  Stable) 
Swathi Cotgin (Tmc) Pvt Ltd             CC                 CRISIL D       198     Reaffirmed
(Issuer Not Cooperating)Rating Migrated
Swathi Cotgin (Tmc) Pvt Ltd             LT Loan            CRISIL D       82      Reaffirmed
(Issuer Not Cooperating)Rating Migrated
Swathi Cotgin (Tmc) Pvt Ltd             Proposed LT Bk     CRISIL D       50      Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)Rating Migrated
T.J. Arumugam & Co.                     Letter Of GuaranteeCRISIL A4      19      Assigned
T.J. Arumugam & Co.                     Proposed LT Bk     CRISIL B       6       Assigned
                                        Loan Fac
T.J. Arumugam & Co.                     Bill Discounting   CRISIL B       30      Assigned
T.J. Arumugam & Co.                     CC                 CRISIL B       35      Assigned
Tata Sons Pvt Ltd                       Overdraft          CRISIL AAA     500     Reaffirmed
Tata Sons Pvt Ltd                       CP                 CRISIL A1+     135000  Reaffirmed
Tata Sons Pvt Ltd                       NCDs               CRISIL         39460   Reaffirmed
                                                           AAA/Stable
Tata Sons Pvt Ltd                       NCDs               CRISIL         253590  Reaffirmed
                                                           AAA/Stable
Tej Pratap Singh                        CC                 CRISIL BB-     60      Assigned
The Jamshri Ranjitsinghji Spinning And  CC                 CRISIL B+      120     Reaffirmed
Weaving Mills Co. Ltd
(Issuer Not Cooperating)
The Republic Pvt Ltd                    CC                 CRISIL BB+     122.5   -
(Issuer Not Cooperating)Migrated from CRISIL BBB-/Stable
The Republic Pvt Ltd                    Inventory Funding  CRISIL BB+     80      -
                                        Fac
(Issuer Not Cooperating)Migrated from CRISIL BBB-/Stable
The Republic Pvt Ltd                    Loan Against       CRISIL BB+     34.5    -
                                        Property
(Issuer Not Cooperating)Migrated from CRISIL BBB-/Stable
Thorat Milk and Milk Products           CC                 CRISIL BB      120     Reaffirmed
(Issuer Not Cooperating)Rating Migrated
Thorat Milk and Milk Products           Proposed LT Bk     CRISIL BB      25      Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)Rating Migrated
Thorat Milk and Milk Products           TL                 CRISIL BB      125     Reaffirmed
(Issuer Not Cooperating)Rating Migrated
Tirupati Food Products                  TL                 CRISIL B       35.2    Assigned
Tirupati Food Products                  Proposed FB Bk     CRISIL B       11.7    Assigned
                                        Limits
Tirupati Food Products                  CC                 CRISIL B       14.5    Assigned
Top Gear Transmission Pvt Ltd           BG                 -              7.5     Withdrawn
(Issuer Not Cooperating)Rating Withdrawn
Top Gear Transmission Pvt Ltd           CC                 -              20      Withdrawn
(Issuer Not Cooperating)Rating Withdrawn
Top Gear Transmission Pvt Ltd           LOC                -              15      Withdrawn
(Issuer Not Cooperating)Rating Withdrawn
Top Gear Transmission Pvt Ltd           LT Loan            -              9.7     Withdrawn
(Issuer Not Cooperating)Rating Withdrawn
Top Gear Transmission Pvt Ltd           Proposed LT Bk     -              47.8    Withdrawn
                                        Loan Fac
(Issuer Not Cooperating)Rating Withdrawn
Top Gear Transmissions                  BG                 -              5       Withdrawn
(Issuer Not Cooperating)Rating Withdrawn
Top Gear Transmissions                  CC                 -              40      Withdrawn
(Issuer Not Cooperating)Rating Withdrawn
Top Gear Transmissions                  LOC                -              17.5    Withdrawn
(Issuer Not Cooperating)Rating Withdrawn
Top Gear Transmissions                  Proposed LT Bk     -              27.5    Withdrawn
                                        Loan Fac
(Issuer Not Cooperating)Rating Withdrawn
Trans ACNR Solutions Pvt Ltd            TL                 CRISIL BBB     75      Assigned
Trans ACNR Solutions Pvt Ltd            CC                 CRISIL BBB     41.5    Assigned
Trans ACNR Solutions Pvt Ltd            Proposed LT Bk     CRISIL BBB     133.5   Assigned
                                        Loan Fac
Trivedi Corp Pvt Ltd                    BG                 -              50      Withdrawn
(Issuer Not Cooperating)
Trivedi Corp Pvt Ltd                    CC                 -              150     Withdrawn
(Issuer Not Cooperating)
Trivedi Corp Pvt Ltd                    WC TL              -              130     Withdrawn
(Issuer Not Cooperating)
Unijules Life Sciences Ltd              BG                 CRISIL D       65      Reaffirmed
(Issuer Not Cooperating)
Unijules Life Sciences Ltd              CC                 CRISIL D       1245    Reaffirmed
(Issuer Not Cooperating)
Unijules Life Sciences Ltd              LOC                CRISIL D       57.5    Reaffirmed
(Issuer Not Cooperating)
Unijules Life Sciences Ltd              LOC & BG           CRISIL D       127.5   Reaffirmed
(Issuer Not Cooperating)
Unijules Life Sciences Ltd              TL                 CRISIL D       615     Reaffirmed
(Issuer Not Cooperating)
Universal Precision Screws              Proposed TL        CRISIL BBB     47      Reaffirmed
Outlook revised from Stable and rating reaffirmed
Universal Precision Screws              Proposed WC Fac    CRISIL BBB     70      Reaffirmed
Outlook revised from Stable and rating reaffirmed
Vasavi Cotton Industries - Siddipet     CC                 CRISIL B+      26      Assigned
Vasavi Cotton Industries - Siddipet     LT Loan            CRISIL B+      24      Assigned
Ved Parkash and Sons                    Rating Advisory    --             -       -
(CRISIL is yet to receive adequate information from the company to enable
it to undertake a rating review)
Vijaya Krishna Agro Food Processing Pvt CC                 CRISIL B+      30      -
Ltd
Downgraded from CRISIL BB-/Stable
Vijaya Krishna Agro Food Processing Pvt Cash TL            CRISIL B+      75      -
Ltd
Downgraded from CRISIL BB-/Stable
Vivekananda Yoga Anusandhana Samsthana  Secured Overdraft  CRISIL BB      55      Assigned
                                        Fac
Welset Plast Extursions Pvt Ltd         CC                 CRISIL BB+     240     -
(Issuer Not Cooperating)Migrated from CRISIL BBB-/Stable
Welset Plast Extursions Pvt Ltd         Proposed LT Bk     CRISIL BB+     5.2     -
                                        Loan Fac
(Issuer Not Cooperating)Migrated from CRISIL BBB-/Stable
Welset Plast Extursions Pvt Ltd         Standby Line of    CRISIL BB+     31      -
                                        Credit
(Issuer Not Cooperating)Migrated from CRISIL BBB-/Stable
Welset Plast Extursions Pvt Ltd         TL                 CRISIL BB+     43.8    -
(Issuer Not Cooperating)Migrated from CRISIL BBB-/Stable
Wevin Pvt Ltd                           CC                 CRISIL BB      150     Reaffirmed
(Issuer Not Cooperating)Rating Migrated
WheelsEMI Pvt Ltd                       Proposed LT Bk     CRISIL BBB     870     Reaffirmed
                                        Loan Fac
WheelsEMI Pvt Ltd                       TL                 CRISIL BBB     130     Assigned
WheelsEMI Pvt Ltd                       NCD                CRISIL         150     Assigned
                                                           BBB/Stable
Ziqitza Health Care Ltd                 CC                 CRISIL BB+     90      -
Outlook revised from Negative and rating reaffirmed
--------------------------------------------------------------------------------------------
$: 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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