September 30, 2019 / 9:40 AM / 19 days ago

CRISIL ratings for Indian debt instruments-Sep 30

    Sep 30 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of September 27, 2019.


COMPANY                               INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                        (RS.MLN)
------                                ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
A R Rail Vikas Services Pvt Ltd         BG                 CRISIL A4+     250     Assigned
A S Moloobhoy Pvt Ltd                   LOC                CRISIL A4+     70      Assigned
A.Adak And Co                           BG                 CRISIL A4      100     Assigned
Action Financial Services India Ltd     BG                 CRISIL A4+     70      Reaffirmed
Action Financial Services India Ltd     Proposed BG        CRISIL A4+     30      Reaffirmed
Akshay Enterprises - Mumbai             Packing Credit     CRISIL A4      100     Reaffirmed
Ambertex Sekhsaria Exports              Bill Discounting   CRISIL A4+     7.1     Upgraded from
                                        under LOC                                 CRISIL A4
Ambertex Sekhsaria Exports              Pre Shipment CreditCRISIL A4+     65      Upgraded from
                                                                                  CRISIL A4
Avenger Ceramic                         BG                 CRISIL A4      15      Assigned
Bajaj Housing Finance Ltd               CP                 CRISIL A1+     50000   Reaffirmed
Binanda Kalita                          BG                 CRISIL A4      180     Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Cargo Service Center India Pvt Ltd      BG                 CRISIL A3+     110     Reaffirmed
Dr. Lal Pathlabs Ltd                    BG                 CRISIL A1+     5       Reaffirmed
Fabtech Technologies International Ltd  BG                 CRISIL A2      200     Reaffirmed
Fabtech Technologies International Ltd  LOC & BG           CRISIL A2      330     Reaffirmed
G. S. Pharmbutor Pvt Ltd                BG                 CRISIL A3+     12.5    Reaffirmed
G. S. Pharmbutor Pvt Ltd                LOC                CRISIL A3+     166.5   Reaffirmed
G. S. Pharmbutor Pvt Ltd                Sales Bill         CRISIL A3+     70      Reaffirmed
                                        Discounting
GPC Infrastructure Pvt Ltd              BG                 CRISIL A3+     690     Reaffirmed
H. R. Power Projects Pvt Ltd            BG                 CRISIL A4      50      Reaffirmed
H. R. Power Projects Pvt Ltd            LOC                CRISIL A4      70      Reaffirmed
Harvins Constructions Pvt Ltd           BG                 CRISIL A4+     400     Upgraded from
                                                                                  CRISIL A4
Hastalloy India Ltd                     BG                 CRISIL A4+     80      Reaffirmed
Ideal Publications Trust                LOC                CRISIL A4      50      Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Imperial Readymade Garments Factory     LOC                CRISIL A4+     35      Reaffirmed
India Pvt Ltd
Industrial Manufacturers                BG                 CRISIL A4+     200     Assigned
(Suspension Revoked)
Industrial Manufacturers                LOC                CRISIL A4+     60      Assigned
(Suspension Revoked)
Infinx Services Pvt Ltd                 Pre-Shipment       CRISIL A3      160     Reaffirmed
                                        Credit in Forex
Jai Shakti Construction                 BG                 CRISIL A4+     55      Reaffirmed
K.T. Spinning Mills Pvt Ltd             BG                 CRISIL A4+     5       Reaffirmed
K.T. Spinning Mills Pvt Ltd             Inland/Import LOC  CRISIL A4+     20      Reaffirmed
Kaira Can Co. Ltd                       BG                 CRISIL A2+     5       Reaffirmed
Kaira Can Co. Ltd                       Export Packing     CRISIL A2+     20      Reaffirmed
                                        Credit & Export
                                        Bills Negotiation/Foreign Bill discounting
Kaira Can Co. Ltd                       LOC                CRISIL A2+     190     Reaffirmed
Kaira Can Co. Ltd                       Overdraft          CRISIL A2+     25      Reaffirmed
Karthik Enterprises                     BG                 CRISIL A4+     118     Reaffirmed
Krsnaa Diagnostics Pvt Ltd              BG                 CRISIL A3+     334     Reaffirmed
Lavis Signature Panel Pvt Ltd           BG                 CRISIL A4+     10      Reaffirmed
Lamifabs and Papers Pvt Ltd             BG                 CRISIL D       7.5     Downgraded
                                                                                  from CRISIL
                                                                                  A4
MacBrout Engineering Pvt Ltd            BG                 CRISIL A2      3.5     Reaffirmed
MacBrout Engineering Pvt Ltd            Post Shipment      CRISIL A2      60      Reaffirmed
                                        Credit*
*Sublimit of Pre Shipment of Rs 6 crore
Machino Polymers Ltd                    LOC & BG           CRISIL A2      15      Reaffirmed
Maharaja Rice Products                  Proposed BG        CRISIL A4      30      Assigned
Maharaja Rice Products                  BG                 CRISIL A4      10      Assigned
Meenakshi Polymers Pvt Ltd              LOC                CRISIL A2      46      Reassigned
Miracle Cables India Pvt Ltd            BG                 CRISIL A4+     5       Migrated from
                                                                                  CRISIL A4+
(Issuer Not Cooperating)
Miracle Cables India Pvt Ltd            LOC                CRISIL A4+     5       Migrated from
                                                                                  CRISIL A4+
(Issuer Not Cooperating)
Modi-Mundipharma Pvt Ltd                BG                 CRISIL A3+     6       Reaffirmed
Modi-Mundipharma Pvt Ltd                LOC                CRISIL A3+     20      Reaffirmed
Nucon Power Controls Pvt Ltd            BG                 CRISIL A2+     290     Reaffirmed
Nucon Power Controls Pvt Ltd            Proposed NFBL      CRISIL A2+     358.8   Reaffirmed
Nucon Switchgears Pvt Ltd               BG                 CRISIL A2+     1100    Reaffirmed
Nucon Switchgears Pvt Ltd               LOC                CRISIL A2+     200     Reaffirmed
Parv Tex India                          BG                 CRISIL A4+     4.3     Reaffirmed
Philips India Ltd                       LOC & BG           CRISIL A1+     350     Reaffirmed
Poabs Enterprises Pvt Ltd               Overdraft          CRISIL A4      50      Assigned
(Suspension Revoked)
Radha Krisna Steel Company Pvt Ltd      BG                 CRISIL A4      6       Assigned
Ramdev Construction Company             Proposed BG        CRISIL A4+     80      Assigned
Ramdev Construction Company             BG                 CRISIL A4+     90      Assigned
Roop Automotives Ltd                    Non-FBL            CRISIL A1      22      Reaffirmed
S. K. Yewale & Co.                      BG                 CRISIL A4+     30      Reaffirmed
Sanrachana Structural Strengthening Pvt BG                 CRISIL A4+     70      Reaffirmed
Ltd
Sarjak Container Lines Pvt Ltd          BG                 CRISIL A3      15      Assigned
Satin Creditcare Network Ltd            Proposed ST Bk     CRISIL A1      2000    Reaffirmed
                                        Loan Fac
Satin Creditcare Network Ltd            CP                 CRISIL A1      1500    Reaffirmed
Shri Ganesha Global Gulal Pvt Ltd       BG                 CRISIL A4+     12.5    Reaffirmed
Shri Ganesha Global Gulal Pvt Ltd       ST Loan            CRISIL A4+     0.6     Reaffirmed
Sibco Plastic Industries Pvt Ltd        LOC                CRISIL A4      16      Assigned
Spentagon Ceramic Pvt Ltd               BG                 CRISIL A4+     15      -
(ISSUER NOT COOPERATING)
Sterling Cast and Forge                 Packing Credit     CRISIL A4      20      Downgraded
                                                                                  from CRISIL
                                                                                  A4+
The India Thermit Corporation Ltd       BG                 CRISIL A2+     750     Reaffirmed
The India Thermit Corporation Ltd       Buyer`s Credit     CRISIL A2+     173     Reaffirmed
The India Thermit Corporation Ltd       Proposed ST Bk     CRISIL A2+     20      Reaffirmed
                                        Loan Fac
Tirupati Lifesciences                   LOC                CRISIL A3+     5.3     Reaffirmed
TSA Process Equipments Pvt Ltd          BG                 CRISIL A3      50      Reaffirmed
Twincity Sunlife Pvt Ltd                LOC                CRISIL A4+     35      Assigned
USV Pvt Ltd                             ST Bk Fac^         CRISIL A1+     500     Reaffirmed
^Fully interchangeable with letter of credit and bank guarantee to the extent of Rs 10 crore
Vahini Irrigation Pvt Ltd               LOC                CRISIL A3      200     Assigned
Vibrant Global Salt Pvt Ltd             BG                 CRISIL A4+     15      Reassigned
Wellworth Share and Stock Broking Ltd   BG                 CRISIL A4+     200     Reaffirmed
Win-Medicare Pvt Ltd                    BG                 CRISIL A3+     15      Reaffirmed



MEDIUM TERM RATINGS:
-------------------
Kaira Can Co. Ltd                       FD                 FA/Stable      48.4    Reaffirmed



LONG TERM RATINGS:
-------------------
A S Moloobhoy Pvt Ltd                   Proposed FB Bk     CRISIL BB+     30      Assigned
                                        Limits
A.Adak And Co                           CC                 CRISIL B+      10      Assigned
Aadhi Vinayaga Spinners                 Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Accurate PMS Pvt Ltd                    CC                 CRISIL B+      10      Assigned
Accurate PMS Pvt Ltd                    Proposed LT Bk     CRISIL B+      35      Assigned
                                        Loan Fac
Adish Minerals Pvt Ltd                  Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Aditya Automotive                       Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Aishwarya Vignan Educational Society    Proposed LT Bk     CRISIL BB-     100     Migrated from
                                        Loan Fac                                  CRISIL
                                                                                  BB/Stable
(ISSUER NOT COOPERATING)
Akbar International                     Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Akeyem Sons                             Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Alchemist Ltd                           Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Ambertex Sekhsaria Exports              LT Loan            CRISIL BB-     2.9     Upgraded from
                                                                                  CRISIL
                                                                                  B+/Stable
Ambertex Sekhsaria Exports              Post Shipment      CRISIL BB-     68.5    Upgraded from
                                        Credit                                    CRISIL
                                                                                  B+/Stable
Ambertex Sekhsaria Exports              Proposed WC Fac    CRISIL BB-     15      Upgraded from
                                                                                  CRISIL
                                                                                  B+/Stable
Ambika Diamonds                         Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Amrutva Fine Foods LLP                  Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Amun Solarfarms Ltd                     TL                 CRISIL BBB+    795.4   Assigned
Amun Solarfarms Ltd                     WC Fac             CRISIL BBB+    58      Assigned
Anahita Hospitality LLP                 Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Araska Diamond Pvt Ltd                  Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Arnav Technosoft Pvt Ltd                Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Ashwa Realtors                          Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Autobahn Automotive Pvt Ltd             Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Avenger Ceramic                         TL                 CRISIL B+      74      Assigned
Avenger Ceramic                         CC                 CRISIL B+      35      Assigned
Avighna Solarfarms Ltd                  TL                 CRISIL BBB+    795     Assigned
Avighna Solarfarms Ltd                  WC Fac             CRISIL BBB+    58.2    Assigned
Avirat Shilaj Project                   TL                 CRISIL BB      300     Reaffirmed
B K Rice Industries                     Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
B. D. Textile Mills Pvt Ltd             Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Bajaj Housing Finance Ltd               CC & WC demand loanCRISIL AAA     2000    Reaffirmed
Bajaj Housing Finance Ltd               Proposed LT Bk     CRISIL AAA     61000   Reaffirmed
                                        Loan Fac*
*Interchangeable with short-term bank facilities
Bajaj Housing Finance Ltd               TL                 CRISIL AAA     37000   Reaffirmed
Bajaj Housing Finance Ltd               NCD                CRISIL         70000   Reaffirmed
                                                           AAA/Stable
Bajaj Housing Finance Ltd               Subordinated Debt  CRISIL         5000    Reaffirmed
                                                           AAA/Stable
Bansal Forest Products Pvt Ltd          Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Bansala Engineers Powertech LLP         Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Betwa Ice & Cold Storage Pvt Ltd        Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Bhagirathi Trans Corpo Pvt Ltd          Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Bhavna Property Developers Ltd.         Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Bhupendra Engineering and Construction  Rating Advisory    -              -       -
Pvt Ltd
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Binanda Kalita                          CC                 CRISIL B+      30      Downgraded
                                                                                  from CRISIL
                                                                                  BB-/Stable
Biodeal Pharmaceuticals Pvt Ltd         Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Bitcon India Infrastructure Developers  Rating Advisory    -              -       -
Pvt Ltd
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Cargo Service Center India Pvt Ltd      CC                 CRISIL BBB     60      Reaffirmed
Cargo Service Center India Pvt Ltd      Proposed LT Bk     CRISIL BBB     10      Reaffirmed
                                        Loan Fac
Chheda Specialities Foods Pvt Ltd       Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
City Centre - Tezpur                    Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Classic Industries                      Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Coastal Energy Enterprises-VisakhapatnamRating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Coastal Minerals Impex LLP              Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Coatings and Coatings India Pvt Ltd     Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
D. D. Industries Ltd                    Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Davey Pharma And Surgicals              Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Deshmukh Lead Pvt Ltd                   Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Dharam Industries                       CC                 -              90      Withdrawn
(ISSUER NOT COOPERATING)
Dharam Industries                       Proposed TL        -              18      Withdrawn
(ISSUER NOT COOPERATING)
Dharam Industries                       TL                 -              12      Withdrawn
(ISSUER NOT COOPERATING)
Dr. Lal Pathlabs Ltd                    CC                 CRISIL AA-     250     Reaffirmed
Dr. Lal Pathlabs Ltd                    Proposed LT Bk     CRISIL AA-     345     Reaffirmed
                                        Loan Fac
DVP Infra Projects Pvt Ltd              Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Dwarika Prasad Jan Kalyan Samiti        Proposed LT Bk     CRISIL B       10      Assigned
                                        Loan Fac
Everwin Educational And Charitable TrustRating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Fabtech Technologies International Ltd  CC                 CRISIL BBB+    150     Reaffirmed
Fabtech Technologies International Ltd  Corporate Loan     CRISIL BBB+    50      Reaffirmed
Fabtech Technologies International Ltd  Proposed LT Bk     CRISIL BBB+    210     Reaffirmed
                                        Loan Fac
G. S. Pharmbutor Pvt Ltd                Bill Discounting   CRISIL BBB     440.5   Reaffirmed
G. S. Pharmbutor Pvt Ltd                CC                 CRISIL BBB     273.5   Reaffirmed
G. S. Pharmbutor Pvt Ltd                LT Loan            CRISIL BBB     352.4   Reaffirmed
G. S. Pharmbutor Pvt Ltd                Proposed LT Bk     CRISIL BBB     284.6   Reaffirmed
                                        Loan Fac
General Import Company India Pvt Ltd    Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Global Heavy Engineering industries -   Rating Advisory    -              -       -
Bhopal
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Global Payments Asia-Pacific India Pvt  Overdraft          CRISIL A/Stable1000    Upgraded from
Ltd                                                                               CRISIL A-
(Removed from Rating Watch with Positive Implications)
Globus Logisys Pvt Ltd                  Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Goel Solvents                           Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
GPC Infrastructure Pvt Ltd              CC                 CRISIL BBB     60      Reaffirmed
GPC Infrastructure Pvt Ltd              LT Loan            CRISIL BBB     10      Reaffirmed
GPC Infrastructure Pvt Ltd              Proposed LT Bk     CRISIL BBB     140     Reaffirmed
                                        Loan Fac
GRK Theatres Pvt Ltd                    Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
GS Developers and Contractors Pvt Ltd   Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Gvt Infra                               Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
H. R. Power Projects Pvt Ltd            CC                 CRISIL B-      120     Reaffirmed
Hansini Developers                      Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Harvins Constructions Pvt Ltd           Overdraft          CRISIL BB-     75      Upgraded from
                                                                                  CRISIL
                                                                                  B+/Stable
Hastalloy India Ltd                     CC                 CRISIL BB-     65      Reaffirmed
Hastalloy India Ltd                     Proposed LT Bk     CRISIL BB-     5       Reaffirmed
                                        Loan Fac
Highlink Investment Pvt Ltd             Warehouse Receipts CRISIL B       300     Reaffirmed
Imperial Readymade Garments Factory     CC                 CRISIL BB      50      Reaffirmed
India Pvt Ltd
Imperial Readymade Garments Factory     Export Packing     CRISIL BB      55      Reaffirmed
India Pvt Ltd                           Credit
Incas International                     Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Industrial Manufacturers                CC                 CRISIL BB      70      Assigned
(Suspension Revoked)
Infinx Services Pvt Ltd                 TL                 CRISIL BBB-    60      Reaffirmed
Innopus Software Solutions Pvt Ltd      Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Innova Fabtex Pvt Ltd                   Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
J S Exim Pvt Ltd                        Proposed FB Bk     CRISIL BB      760     Upgraded from
                                        Limits                                    CRISIL
                                                                                  BB-/Stable
J S Exim Pvt Ltd                        TL                 CRISIL BB      140     Upgraded from
                                                                                  CRISIL
                                                                                  BB-/Stable
J. B and Brothers Pvt Ltd               Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
J. S. International - Pune              Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Jai Maangarh Palace                     Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Jai Shakti Construction                 CC                 CRISIL BB      20      Reaffirmed
Jayalaxmi Minerals & Resources Pvt Ltd  Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Jayam Sand & Gravels Pvt Ltd            Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Jiya Agro Pvt Ltd                       Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
K. P. M. Trading Company                Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
K.T. Spinning Mills Pvt Ltd             Overdraft          CRISIL BB-     75      Reaffirmed
Kailash Rice and General Mills - KaithalRating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Kaira Can Co. Ltd                       CC                 CRISIL A-      125     Reaffirmed
Kaira Can Co. Ltd                       WC Fac             CRISIL A-      150     Reaffirmed
Kandhavilas Agro Foods                  TL                 CRISIL B+      2.9     Assigned
Kandhavilas Agro Foods                  Proposed LT Bk     CRISIL B+      22.1    Assigned
                                        Loan Fac
Kandhavilas Agro Foods                  CC                 CRISIL B+      55      Assigned
Kandhavilas Agro Foods                  Key CC             CRISIL B+      20      Assigned
Karthik Enterprises                     Overdraft          CRISIL BB-     75      Reaffirmed
Karthik Enterprises                     TL                 CRISIL BB-     7       Reaffirmed
Kemtec India Photographic Co Pvt Ltd    Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Khanna Agro Industries                  Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Khedut Solvexp Pvt Ltd                  CC                 CRISIL BB+     70      Assigned
(Suspension Revoked)
Khedut Solvexp Pvt Ltd                  Warehouse Receipts CRISIL BB+     30      Assigned
(Suspension Revoked)
Kishoriji Exports                       Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Komal Texfab Pvt Ltd                    Proposed LT Bk     CRISIL BBB-    30      Reaffirmed
                                        Loan Fac
Komal Texfab Pvt Ltd                    TL                 CRISIL BBB-    45      Reaffirmed
KPC Flexi Tubes Pvt Ltd                 Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Krishna Motors - Darbhanga              Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Krishnanchal Pulp And Papers Pvt Ltd    CC                 CRISIL B+      50      Assigned
Krishnanchal Pulp And Papers Pvt Ltd    TL                 CRISIL B+      11.4    Assigned
Krsnaa Diagnostics Pvt Ltd              CC                 CRISIL BBB     300     Reaffirmed
Krsnaa Diagnostics Pvt Ltd              Proposed LT Bk     CRISIL BBB     91.5    Reaffirmed
                                        Loan Fac
Krsnaa Diagnostics Pvt Ltd              TL                 CRISIL BBB     1274.5  Reaffirmed
Kumar Cold Storage                      Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Lakshmi Industrial Corporation -        Rating Advisory    -              -       -
Faridabad
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Lakshmi Narayana Enterprises            Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Lamifab Industries                      Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Lamifabs and Papers Pvt Ltd             CC                 CRISIL D       110     Downgraded
                                                                                  from CRISIL
                                                                                  B/Stable
Lamifabs and Papers Pvt Ltd             LT Loan            CRISIL D       93      Downgraded
                                                                                  from CRISIL
                                                                                  B/Stable
Lamifabs and Papers Pvt Ltd             Proposed LT Bk     CRISIL D       31.5    Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  B/Stable
Lamifabs and Papers Pvt Ltd             TL                 CRISIL D       38      Downgraded
                                                                                  from CRISIL
                                                                                  B/Stable
Lamikon Woodlam LLP                     Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Lavis Signature Panel Pvt Ltd           CC                 CRISIL BB      100     Reaffirmed
M J Group of Industries                 Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
M. C. Construction Co.                  Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
M. P. Associates                        Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
M/s. N. N. Pugalia                      Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Maa Jharboni Himghar Pvt Ltd            Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Maa Usha Rice Mill                      Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
MacBrout Engineering Pvt Ltd            Proposed WC Fac    CRISIL BBB+    38.4    Reaffirmed
MacBrout Engineering Pvt Ltd            WC TL              CRISIL BBB+    158.1   Reaffirmed
Machino Polymers Ltd                    CC                 CRISIL BBB+    635     Reaffirmed
Machino Polymers Ltd                    CC & WC demand loanCRISIL BBB+    350     Reaffirmed
Machino Polymers Ltd                    Non-FBL            CRISIL BBB+    350     Reaffirmed
Machino Polymers Ltd                    Proposed FB Bk     CRISIL BBB+    205     Reaffirmed
                                        Limits
Machino Polymers Ltd                    WC Demand Loan     CRISIL BBB+    100     Reaffirmed
Magpie Global Ltd                       Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Maharaja Rice Products                  TL                 CRISIL B       34      Assigned
Maharaja Rice Products                  CC                 CRISIL B       5       Assigned
Malhar Fashions India Pvt Ltd           Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Mann Mediciti Wellness Centre Pvt Ltd   Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Marwadi Commodity Broker Pvt Ltd        BG                 -              400     Withdrawn
(ISSUER NOT COOPERATING)
Marwadi Commodity Broker Pvt Ltd        CC                 -              100     Withdrawn
(ISSUER NOT COOPERATING)
Marwadi Shares and Finance Ltd          BG                 -              2950    Withdrawn
(Issuer Not Cooperating)
Marwadi Shares and Finance Ltd          CC                 -              1150    Withdrawn
(Issuer Not Cooperating)
Master Trust 2019 Series I              Series A PTCs      Provisional    23722.3 Assigned
                                                           CRISIL AA+ (SO)
Mateswari Minerals                      Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
MD Retail India Pvt Ltd                 CC                 CRISIL B+      100     Downgraded
                                                                                  from CRISIL
                                                                                  BB-/Stable
Meenakshi Polymers Pvt Ltd              LT Loan            CRISIL BBB+    144     Reaffirmed
Meenakshi Polymers Pvt Ltd              WC Fac             CRISIL BBB+    100     Reaffirmed
Megashop Retail LLP                     Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Megastar Foods Ltd                      Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Mehta Dairies                           CC                 CRISIL BBB-    40      -
(Outlook revised from Stable and rating reaffirmed)
Mehta Dairies                           Proposed WC Fac    CRISIL BBB-    20      -
(Outlook revised from Stable and rating reaffirmed)
Mehta Dairies                           TL                 CRISIL BBB-    10      -
(Outlook revised from Stable and rating reaffirmed)
Mehta Dairies                           Warehouse Receipts CRISIL BBB-    30      -
(Outlook revised from Stable and rating reaffirmed)
Metropolis Healthcare Ltd               Proposed LT Bk     CRISIL AA-     1500    Reaffirmed
                                        Loan Fac
Metropolis Healthcare Ltd               NCD                CRISIL         2500    Reaffirmed
                                                           AA-/Stable
Miracle Cables India Pvt Ltd            Bill Discounting   CRISIL BB+     2.5     Migrated from
                                                                                  CRISIL
                                                                                  BB/Stable
(Issuer Not Cooperating)
Miracle Cables India Pvt Ltd            CC                 CRISIL BB+     200     Migrated from
                                                                                  CRISIL
                                                                                  BB/Stable
(Issuer Not Cooperating)
Miracle Cables India Pvt Ltd            LT Loan            CRISIL BB+     53.3    Migrated from
                                                                                  CRISIL
                                                                                  BB/Stable
(Issuer Not Cooperating)
Miracle Cables India Pvt Ltd            Proposed LT Bk     CRISIL BB+     4.2     Migrated from
                                        Loan Fac                                  CRISIL
                                                                                  BB/Stable
(Issuer Not Cooperating)
Mittapalli Audinarayana Enterprises Pvt Open CC            CRISIL B+      560     Reaffirmed
Ltd
Modi Car Agencies Pvt Ltd               Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Modi Motors Agencies Pvt Ltd            Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Modi-Mundipharma Pvt Ltd                Bill Discounting   CRISIL BBB     50      Reaffirmed
Modi-Mundipharma Pvt Ltd                CC                 CRISIL BBB     444.4   Reaffirmed
Modi-Mundipharma Pvt Ltd                Proposed LT Bk     CRISIL BBB     19.2    Reaffirmed
                                        Loan Fac
Modi-Mundipharma Pvt Ltd                TL                 CRISIL BBB     10.4    Reaffirmed
Mohta Plywood Industries Pvt Ltd        Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
MSGP Infra Tech Pvt Ltd                 Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Mumbai Cargo Service Center Cold Chain  Proposed TL        CRISIL BBB     150     Reaffirmed
Solutions Pvt Ltd
Mumbai Cargo Service Center Cold Chain  TL                 CRISIL BBB     400     Reaffirmed
Solutions Pvt Ltd
Myriad Infrastructure Pvt Ltd           Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Narmada Cereal Pvt Ltd                  Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
New Jammu Kashmir Rolling Mills         Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
NLC India Ltd                           CC*#               CRISIL AAA     40000   Reaffirmed
*Full interchangeability with working capital demand loan /#100% two way Interchangeability
between Fund based Working Capital and Non fund based Working Capital
NLC India Ltd                           LOC & BG#          CRISIL AAA     10000   Reaffirmed
#100% two way Interchangeability between Fund based Working Capital and Non fund based Working
Capital
NLC India Ltd                           Proposed LT Bk     CRISIL AAA     37410   Reaffirmed
                                        Loan Fac
NLC India Ltd                           TL                 CRISIL AAA     20000   Reaffirmed
NLC India Ltd                           Bond               CRISIL         6000    Reaffirmed
                                                           AAA/Stable
Nucon Power Controls Pvt Ltd            CC                 CRISIL A-      25      Reaffirmed
Nucon Power Controls Pvt Ltd            FB Fac             CRISIL A-      1.2     Reaffirmed
Nucon Power Controls Pvt Ltd            LOC                CRISIL A-      25      Reaffirmed
Nucon Power Controls Pvt Ltd            Proposed FB Bk     CRISIL A-      100     Reaffirmed
                                        Limits
Nucon Switchgears Pvt Ltd               CC                 CRISIL A-      400     Reaffirmed
Nucon Switchgears Pvt Ltd               FB Fac             CRISIL A-      20      Reaffirmed
Om Esha Agro Products Pvt Ltd           Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Oorja On Move Infra Pvt Ltd             Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Opus Dei Logistics (India) Pvt Ltd      Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Ornate Agencies Pvt Ltd                 Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
P Z Estates Pvt Ltd                     Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Paarichem Resources LLP                 Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Paras Agro Industries                   Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Parthas Textiles                        LT Loan            CRISIL B       26.3    Assigned
(Suspension Revoked)
Parthas Textiles                        Secured Overdraft  CRISIL B       120     Assigned
                                        Fac
(Suspension Revoked)
Parv Tex India                          CC                 CRISIL BB      30      Reaffirmed
Parv Tex India                          TL                 CRISIL BB      115.7   Reaffirmed
Pashupati Traders                       Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Philips India Ltd                       FB Fac*            CRISIL AA+     3650    Reaffirmed
* Rs 310 crore interchangeable with letter of credit and bank guarantee
Pintu Engineering Construction Pvt Ltd  Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Pioneer Global Projects Pvt Ltd         Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Poabs Enterprises Pvt Ltd               Drop Line          CRISIL B       250     Assigned
                                        Overdraft Fac
(Suspension Revoked)
Poabs Enterprises Pvt Ltd               Proposed LT Bk     CRISIL B       150     Assigned
                                        Loan Fac
(Suspension Revoked)
Prashi Pharma Pvt Ltd                   Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Pratiti Health Educational Institutes   LT Loan            CRISIL BB-     170     Assigned
Pvt Ltd
Pretty Jewellery Pvt Ltd                Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Purnapurshottam Exports                 Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Quality Wovensacks Pvt Ltd              Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
R. Kantilal and Company                 Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Radha Krisna Steel Company Pvt Ltd      TL                 CRISIL B+      7       Assigned
Radha Krisna Steel Company Pvt Ltd      Proposed LT Bk     CRISIL B+      80      Assigned
                                        Loan Fac
Radha Krisna Steel Company Pvt Ltd      CC                 CRISIL B+      7       Assigned
Raja Industries - Khanna                Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Rajesh Housing Pvt Ltd                  NCD                CRISIL         1400    Downgraded
                                                           B-/Stable              from CRISIL
                                                                                  B/Stable
Ramdev Construction Company             Proposed CC Limit  CRISIL BB      2.5     Assigned
Ramdev Construction Company             CC                 CRISIL BB      27.5    Assigned
Ramky Wavoo Developers Pvt Ltd          TL                 CRISIL BB-     1000    Reaffirmed
Rashi Resources Pvt Ltd                 Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Rddhi Gold Pvt Ltd                      Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Rdevis Engineers Pvt Ltd                Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Real Assam Tea Industries               Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Redco Hotels Pvt Ltd                    Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Rishabh Diamond Pvt Ltd                 Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Roop Automotives Ltd                    Proposed FB Bk     CRISIL A       0.7     Reaffirmed
                                        Limits
Roop Automotives Ltd                    TL                 CRISIL A       602.3   Reaffirmed
Roop Automotives Ltd                    WC Fac             CRISIL A       1790    Reaffirmed
S. K. Textiles                          Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
S. K. Yewale & Co.                      CC                 CRISIL BB      70      Downgraded
                                                                                  from CRISIL
                                                                                  BB+/Stable
Sai Spacecon India Pvt Ltd              CC                 CRISIL B-      25      Upgraded from
                                                                                  CRISIL D
Sai Spacecon India Pvt Ltd              Proposed LT Bk     CRISIL B-      267.5   Upgraded from
                                        Loan Fac                                  CRISIL D
Sai Spacecon India Pvt Ltd              TL                 CRISIL B-      307.5   Upgraded from
                                                                                  CRISIL D
Saimadhava Poultries Pvt Ltd            Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Sainel Cashew Traders                   Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Saintlife Pharmaceuticals Ltd           Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Sangam Construction                     Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Sankalp Venture LLP                     Proposed LT Bk     CRISIL BB      120     Upgraded from
                                        Loan Fac                                  CRISIL
                                                                                  BB-/Stable
Sanrachana Structural Strengthening Pvt CC                 CRISIL BB+     50      Reaffirmed
Ltd
Sanrachana Structural Strengthening Pvt Proposed LT Bk     CRISIL BB+     30      Reaffirmed
Ltd                                     Loan Fac
Sarjak Container Lines Pvt Ltd          CC & WC demand loanCRISIL BBB-    120     Reaffirmed
Sarjak Container Lines Pvt Ltd          Foreign Currency TLCRISIL BBB-    165     Reaffirmed
Satyarup Multitrade Links India Pvt Ltd Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Savitri Steel                           Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Shah Virchand Govanji Jewellers Pvt Ltd CC                 CRISIL BBB+    700     -
(Outlook revised from Stable and rating reaffirmed)
Sheetal Manufacturing Company Pvt Ltd   Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Shewdanmal Gajanand                     Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Shiv Shipping Services                  Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Shiva Polytex                           Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Shivansh Textiles Pvt Ltd               Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Shree Balaji Steel And Tubes            Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Shree Nilkanth Polytex                  Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Shri Bihari Ji Shiksha Gram Vikas       Proposed LT Bk     CRISIL B+      10      Assigned
Sansthan                                Loan Fac
Shri Ganesha Global Gulal Pvt Ltd       CC                 CRISIL BB      37.5    Reaffirmed
Shri Ganesha Global Gulal Pvt Ltd       LT Loan            CRISIL BB      92.1    Reaffirmed
Shri Murlidhar Industries Pvt Ltd       CC                 CRISIL BB+     100     Assigned
Shri Ram Solvent Extractions Pvt Ltd    Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Shriji Ginning and Pressing Factory     CC                 CRISIL BB      200     Upgraded from
                                                                                  CRISIL
                                                                                  BB-/Stable
Shriram City Union Finance Ltd          Series A PTCs      Provisional    1186    Assigned
                                                           CRISIL AAA (SO)
Sibco Plastic Industries Pvt Ltd        WC Demand Loan     CRISIL B+      27      Assigned
Sibco Plastic Industries Pvt Ltd        TL                 CRISIL B+      23      Assigned
Sibco Plastic Industries Pvt Ltd        Non-FBL            CRISIL B+      13      Assigned
Sibco Plastic Industries Pvt Ltd        CC                 CRISIL B+      1       Assigned
Slumber Foam India Pvt Ltd              Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Small Wonder Education Society          Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Sohan Dyechem Pvt Ltd                   Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Spentagon Ceramic Pvt Ltd               CC                 CRISIL BB-     45      -
(ISSUER NOT COOPERATING)
Spentagon Ceramic Pvt Ltd               TL                 CRISIL BB-     50      -
(ISSUER NOT COOPERATING)
Sri Amrutha Constructions               Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Sri Krishna Nagai Maligai (Madurai) Pvt Rating Advisory    -              -       -
Ltd
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Sri Laxmi Narasimha Homes Pvt Ltd       Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Sri Ram Food Industries - Delhi         Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Sri Venkateswara Food Processing        Rating Advisory    -              -       -
Industries
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Sterling Cast and Forge                 CC                 CRISIL B       10.5    Downgraded
                                                                                  from CRISIL
                                                                                  BB-/Stable
Sterling Cast and Forge                 Foreign Bill       CRISIL B       20      Downgraded
                                        Purchase                                  from CRISIL
                                                                                  BB-/Stable
Sterling Cast and Forge                 LT Loan            CRISIL B       3       Downgraded
                                                                                  from CRISIL
                                                                                  BB-/Stable
Sunren Industries Pvt Ltd               CC                 CRISIL B+      50      Reaffirmed
Sunren Industries Pvt Ltd               TL                 CRISIL B+      30      Reaffirmed
Super Metal & Sand Industries           Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Swarup International                    Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Symcom Impex Pvt Ltd                    CC                 -              150     Withdrawn
Symcom Impex Pvt Ltd                    Proposed LT Bk     -              100     Withdrawn
                                        Loan Fac
T S Realtech Pvt Ltd                    Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Tekza Ceramic LLP                       Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Thamizh Constructions Pvt Ltd           Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
The India Thermit Corporation Ltd       Proposed LT Bk     CRISIL A-      7       Reaffirmed
                                        Loan Fac
Tiki Tar Industries (Baroda) Ltd        Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Tirupati Lifesciences                   CC                 CRISIL BBB     350     Reaffirmed
Tirupati Lifesciences                   TL                 CRISIL BBB     144.7   Reaffirmed
Tirupati Medicare Ltd                   CC                 CRISIL BBB     250     Reaffirmed
Tirupati Medicare Ltd                   Standby Line of    CRISIL BBB     2       Reaffirmed
                                        Credit
Tirupati Medicare Ltd                   TL                 CRISIL BBB     298     Reaffirmed
Torero Corporation Pvt Ltd              Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Toshniwal Industries Pvt Ltd            Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Totala Textiles Quality Sizers          Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Trident Auto Components Pvt Ltd         Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
TSA Process Equipments Pvt Ltd          CC                 CRISIL BBB-    80      Reaffirmed
Twincity Sunlife Pvt Ltd                CC                 CRISIL BB-     65      Assigned
Uday Structurals and Engineers Pvt Ltd  Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Ukay Metal Industries Pvt Ltd           CC                 CRISIL BBB     60      -
(Outlook revised from Stable and rating reaffirmed)
Ukay Metal Industries Pvt Ltd           Foreign Currency TLCRISIL BBB     185     -
(Outlook revised from Stable and rating reaffirmed)
Ukay Metal Industries Pvt Ltd           Rupee TL           CRISIL BBB     175.5   -
(Outlook revised from Stable and rating reaffirmed)
Unique Concrete Technologies Pvt Ltd    Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
USV Pvt Ltd                             Proposed LT Bk     CRISIL AA+     640     Reaffirmed
                                        Loan Fac
V. K. Textile Processors                CC                 CRISIL B+      36      Downgraded
                                                                                  from CRISIL
                                                                                  BB-/Stable
V. K. Textile Processors                Proposed LT Bk     CRISIL B+      11      Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  BB-/Stable
V. K. Textile Processors                TL                 CRISIL B+      28      Downgraded
                                                                                  from CRISIL
                                                                                  BB-/Stable
V.K. Automart Pvt Ltd                   Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Vahini Irrigation Pvt Ltd               TL                 CRISIL BBB-    260     Assigned
Vahini Irrigation Pvt Ltd               Proposed LT Bk     CRISIL BBB-    80      Assigned
                                        Loan Fac
Vahini Irrigation Pvt Ltd               CC                 CRISIL BBB-    300     Assigned
Varuna Integrated Logistics Pvt Ltd     Rating Advisory    -              -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Vibrant Global Salt Pvt Ltd             CC                 CRISIL BB-     110     Reaffirmed
Vibrant Global Salt Pvt Ltd             TL                 CRISIL BB-     68.5    Reaffirmed
Vibrant Global Salt Pvt Ltd             Proposed FB Bk     CRISIL BB-     89      Reaffirmed
                                        Limits
Win-Medicare Pvt Ltd                    Bill Discounting   CRISIL BBB     100     Reaffirmed
Win-Medicare Pvt Ltd                    CC                 CRISIL BBB     950     Reaffirmed
Win-Medicare Pvt Ltd                    Proposed LT Bk     CRISIL BBB     38      Reaffirmed
                                        Loan Fac
Win-Medicare Pvt Ltd                    TL                 CRISIL BBB     97      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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