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

CRISIL ratings for Indian debt instruments-Sep 30

    Sep 30  - Below are the ratings awarded by Credit Rating Information Service of India
(CRISIL) for local debt instruments as of September 29, 2020.


COMPANY                               INSTRUMENT         RATING        AMOUNT  MOVEMENT
                                                                       (RS.MLN)
------                                ----------         ------        -----   ---------
SHORT TERM RATINGS:
-------------------
Akshit Enterprises Pvt Ltd             Foreign LOC       CRISIL A4+    55     Reaffirmed
Akshit Enterprises Pvt Ltd             Standby LOC       CRISIL A4+    15     Reaffirmed
Amar Singh Chawal Wala                 Packing Credit    CRISIL A2+    750    Reaffirmed
Arjuna Natural Pvt Ltd                 BG                CRISIL A1     5      Assigned
Arjuna Natural Pvt Ltd                 LOC               CRISIL A1     15     Assigned
Arjuna Natural Pvt Ltd                 Pre Shipment      CRISIL A1     70     Assigned
                                       Credit 
Arjuna Natural Pvt Ltd                 Pre Shipment      CRISIL A1     350    Assigned
                                       Finance
Array Fashions Pvt Ltd                 Packing Credit    CRISIL A4     12.5   Migrated from
                                                                              CRISIL A4
(Issuer Not Cooperating)
Boon Education, Environment & Rural    BG                CRISIL A4+    10     Reaffirmed
Development Society
Boon Education, Environment & Rural    Overdraft         CRISIL A4+    30     Reaffirmed
Development Society
Brojendra Plantation Pvt Ltd           BG                CRISIL A4+    2      Migrated from
                                                                              CRISIL A4
(Issuer Not Cooperating)
D P Wires Ltd                          LOC               CRISIL A2     137    Assigned
D P Wires Ltd                          Foreign Exchange  CRISIL A2     8      Assigned
                                       Forward
D P Wires Ltd                          BG                CRISIL A2     15     Assigned
Deesan Agro Tech Pvt Ltd               BG                CRISIL A4+    20     Migrated from
                                                                              CRISIL A3
(Issuer Not Cooperating)
Deesan Agro Tech Pvt Ltd               Foreign Exchange  CRISIL A4+    40     Migrated from
                                       Forward                                CRISIL A3
(Issuer Not Cooperating)
Dev Engineers                          BG                CRISIL A4+    800    Reaffirmed
Eureka Systems and Electrodes Pvt Ltd  Import LOC Limit  CRISIL A4     5      Reaffirmed
Eureka Systems and Electrodes Pvt Ltd  Packing Credit    CRISIL A4     5      Reaffirmed
Gemini Power Hydraulics Pvt Ltd        BG                CRISIL A4+    45     Upgraded from
                                                                              CRISIL A4
Gujarat Fluorochemicals Ltd            Proposed WC Fac   CRISIL A1+    45.7   Reaffirmed
Gujarat Fluorochemicals Ltd            WC Fac            CRISIL A1+    12030  Reaffirmed
Gujarat Fluorochemicals Ltd            CP                CRISIL A1+    4000   Reaffirmed
Gujarat Organics Ltd                   Bill Discounting  CRISIL A1+    20     Reaffirmed
                                       under LOC
Gujarat Organics Ltd                   Foreign Exchange  CRISIL A1+    45     Reaffirmed
                                       Forward
Gujarat Organics Ltd                   LOC#              CRISIL A1+    75     Reaffirmed
# Fully interchangeable with Bank Guarantee & Buyer's Credit
Holostik India Ltd                     LOC & BG          CRISIL A1     100    Reaffirmed
IKM Investors Pvt Ltd                  BG                CRISIL A2     1350   Reaffirmed
Inox Wind Ltd                          BG                CRISIL A2     3150   Reaffirmed
Inox Wind Ltd                          LOC               CRISIL A2     10450  Reaffirmed
Inox Wind Ltd                          CP                CRISIL A2     2000   Reaffirmed
Jagdamba Timbers Pvt Ltd               Inland/Import LOC CRISIL A4     90     Reaffirmed
Jio Platforms Ltd                      CP                CRISIL A1+    100000 Assigned
JK Lakshmi Cement Ltd                  CP*               CRISIL A1+    1750   Reaffirmed
*Carved out of working capital limits
Kabra Extrusiontechnik Ltd             BG                CRISIL A1     30     Reaffirmed
Kabra Extrusiontechnik Ltd             LOC               CRISIL A1     10     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
Kamaldeep Ispat Pvt Ltd                BG                CRISIL A3     7.5    Reaffirmed
Kumar Enterprises                      BG                CRISIL A4+    30     Reaffirmed
Kumar Organic Products Ltd             LOC               CRISIL A1     300    Reaffirmed
Mars Tea India Pvt Ltd                 BG                CRISIL A4+    3.1    Migrated from
                                                                              CRISIL A4
(Issuer Not Cooperating)
NSC Projects Pvt Ltd                   BG                CRISIL A3+    800    Reaffirmed
Orient Abrasives Ltd                   Foreign Exchange  CRISIL A2+    20     Reaffirmed
                                       Forward
Orient Abrasives Ltd                   LOC & BG          CRISIL A2+    130    Reaffirmed
P.K. Cold Storage                      Overdraft         CRISIL A4     44.1   Assigned
Paragon Irrigation Pvt Ltd             BG                CRISIL A3+    160    Migrated from
                                                                              CRISIL A3+
(Issuer Not Cooperating)
Raj Engineering Company                BG                CRISIL A4+    150    Reaffirmed
Raj Engineering Company                LOC               CRISIL A4+    70     Reaffirmed
Satchidananda Agro Tech Pvt Ltd        Letter Of         CRISIL A4+    8.2    Assigned
(Assigned; Suspension Revoked)         Guarantee
Shah Brothers                          BG                CRISIL A4+    40     Reaffirmed
Shah Brothers                          Packing Credit    CRISIL A4+    120    Reaffirmed
Shalimar Chemical Works Pvt Ltd        Proposed NFBL     CRISIL A2     4.8    Migrated from
                                                                              CRISIL A4+
(Issuer Not Cooperating)
Speciality Restaurants Ltd             LOC & BG          CRISIL A2     5      Reaffirmed
Suman Mfg. Works Ltd                   BG                CRISIL A4+    2      Migrated from
                                                                              CRISIL A4
(Issuer Not Cooperating)
Tag Corporation                        BG                CRISIL A3+    450    Reaffirmed
Tag Corporation                        LOC               CRISIL A3+    100    Reaffirmed
Technico India Pvt Ltd                 BG                CRISIL A4+    209.5  Reaffirmed
TGT Fuel Technologies Pvt Ltd          BG                CRISIL A4+    130    Reaffirmed
Ultracab (India) Ltd                   BG                CRISIL A4+    10     Reaffirmed
Ultracab (India) Ltd                   LOC               CRISIL A4+    30     Reaffirmed
Ultracab (India) Ltd                   LOC Bill          CRISIL A4+    10     Reaffirmed
                                       Discounting
Vardhan Agro Processing Ltd            BG                CRISIL A4     13.2   Assigned
Vinar Systems Pvt Ltd                  BG                CRISIL A4+    360    Reaffirmed
Vinar Systems Pvt Ltd                  LOC               CRISIL A4+    60     Reaffirmed
Waris Buildcon India Pvt Ltd           BG                CRISIL A4+    145    Migrated from
                                                                              CRISIL A4+
(Issuer Not Cooperating)
WheelsEMI Pvt Ltd                      Overdraft         CRISIL A2     50     Reassigned
WheelsEMI Pvt Ltd                      CP                CRISIL A2     100    Reaffirmed



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




LONG TERM RATINGS:
-------------------
A R Rail Vikas Services Pvt Ltd        Ratings           -             -      -
(CRISIL is, however, awaiting adequate information will enable us to carry out the rating
review.)
A. K. Mehta & Co.                      Ratings           -             -      -
(CRISIL is, however, awaiting adequate information will enable us to carry out the rating
review.)
Aaryan Lamifab Pvt Ltd                 Ratings           -             -      -
(CRISIL is, however, awaiting adequate information will enable us to carry out the rating
review.)
Aishwarya Vignan Educational Society   Ratings           -             -      -
(CRISIL is, however, awaiting adequate information will enable us to carry out the rating
review.)
Akshit Enterprises Pvt Ltd             CC                CRISIL        165    Reaffirmed
                                                         BB/Stable
Akshit Enterprises Pvt Ltd             Proposed WC Fac   CRISIL        93     Reaffirmed
                                                         BB/Stable
Akshit Enterprises Pvt Ltd             Standby Line of   CRISIL        15     Reaffirmed
                                       Credit            BB/Stable
Alluri Sitarama Raju Educational       LT Loan           CRISIL        210    Reaffirmed
Society                                                  BB/Stable
Amar Singh Chawal Wala                 CC                CRISIL        50     Reaffirmed
                                                         A-/Stable
Amar Singh Chawal Wala                 Proposed LT Bk    CRISIL        100    Reaffirmed
                                       Loan Fac          A-/Stable
Amisal                                 Ratings           -             -      -
(CRISIL is, however, awaiting adequate information will enable us to carry out the rating
review.)
Amit Petrolubes Pvt Ltd                Ratings           -             -      -
(CRISIL is, however, awaiting adequate information will enable us to carry out the rating
review.)
Anjali Hotels Pvt Ltd                  Ratings           -             -      -
(CRISIL is, however, awaiting adequate information will enable us to carry out the rating
review.)
Annalakshmi Catering Services Pvt Ltd  TL                CRISIL        400    Migrated from
                                                         B/Stable             CRISIL
                                                                              B/Stable
(Issuer Not Cooperating)
Ansh Ispat LLP                         CC                CRISIL        80     Assigned
                                                         BB-/Stable
Ansh Ispat LLP                         TL                CRISIL        190    Assigned
                                                         BB-/Stable
Arjuna Natural Pvt Ltd                 CC                CRISIL        8      Assigned
                                                         A/Stable
Arjuna Natural Pvt Ltd                 WC Fac            CRISIL        52     Assigned
                                                         A/Stable
Array Fashions Pvt Ltd                 Foreign Bill      CRISIL        12.5   Migrated from
                                       Discounting       B/Stable             CRISIL
                                                                              B/Stable
(Issuer Not Cooperating)
BABA Rice Industry                     Ratings           -             -      -
(CRISIL is, however, awaiting adequate information will enable us to carry out the rating
review.)
Bansal Ship Breakers                   Ratings           -             -      -
(CRISIL is, however, awaiting adequate information will enable us to carry out the rating
review.)
BOB Capital Markets Ltd                Corporate Credit  CCR           -      Reaffirmed
                                       Rating            AAA/Stable
(Renewed & Reaffirmed)
Boon Education, Environment & Rural    Proposed LT Bk    CRISIL        95     Reaffirmed
Development Society                    Loan Fac          BB+/Stable
Boon Education, Environment & Rural    TL                CRISIL        15     Reaffirmed
Development Society                                      BB+/Stable
Brojendra Plantation Pvt Ltd           CC                CRISIL        48     Migrated from
                                                         BB+/Stable           CRISIL
                                                                              B/Stable
(Issuer Not Cooperating)
Chemcon Speciality Chemicals Ltd       CC                CRISIL        530    Upgraded from
                                                         BBB+/Stable          CRISIL
                                                                              BBB/Stable
Churiwal Commercial Company Pvt Ltd    Ratings           -             -      -
(CRISIL is, however, awaiting adequate information will enable us to carry out the rating
review.)
D P Wires Ltd                          CC                CRISIL        290    Assigned
                                                         BBB+/Stable
Deesan Agro Tech Pvt Ltd               CC                CRISIL        800    Migrated from
                                                         BB+/Stable           CRISIL
                                                                              BBB-/Stable
(Issuer Not Cooperating)
Deesan Agro Tech Pvt Ltd               Standby Line of   CRISIL        60     Migrated from
                                       Credit            BB+/Stable           CRISIL
                                                                              BBB-/Stable
(Issuer Not Cooperating)
Deesan Agro Tech Pvt Ltd               Warehouse ReceiptsCRISIL        450    Migrated from
                                                         BB+/Stable           CRISIL
                                                                              BBB-/Stable
(Issuer Not Cooperating)
Dev Engineers                          CC                CRISIL        200    Reaffirmed
                                                         BB+/Stable
Dwarika Prasad Jan Kalyan Samiti       Ratings           -             -      -
(CRISIL is, however, awaiting adequate information will enable us to carry out the rating
review.)
Enar Industrial Enterprises Pvt Ltd    Ratings           -             -      -
(CRISIL is, however, awaiting adequate information will enable us to carry out the rating
review.)
Ernad Engineering Enterprises          Ratings           -             -      -
(CRISIL is, however, awaiting adequate information will enable us to carry out the rating
review.)
Essbee Enterprises - Mumbai            Ratings           -             -      -
(CRISIL is, however, awaiting adequate information will enable us to carry out the rating
review.)
Eureka Systems and Electrodes Pvt Ltd  CC                CRISIL        25     Reaffirmed
                                                         B+/Stable
Eureka Systems and Electrodes Pvt Ltd  Foreign Bill      CRISIL        3      Reaffirmed
                                       Discounting       B+/Stable
Eureka Systems and Electrodes Pvt Ltd  Proposed FB Bk    CRISIL        52.8   Reaffirmed
                                       Limits            B+/Stable
Eureka Systems and Electrodes Pvt Ltd  TL                CRISIL        9.2    Reaffirmed
                                                         B+/Stable
Fratelli Wines Pvt Ltd                 Ratings           -             -      -
(CRISIL is, however, awaiting adequate information will enable us to carry out the rating
review.)
Garg Steels Udyog India Pvt Ltd        Open CC           CRISIL        400    Reaffirmed
                                                         BBB-/Stable
Gemini Power Hydraulics Pvt Ltd        CC                CRISIL        65     Upgraded from
                                                         BB-/Stable           CRISIL
                                                                              B+/Stable
Gsp Power Projects                     Ratings           -             -      -
(CRISIL is, however, awaiting adequate information will enable us to carry out the rating
review.)
Gujarat Fluorochemicals Ltd            CC                CRISIL        1450   Reaffirmed
                                                         AA/Negative
Gujarat Fluorochemicals Ltd            Foreign Currency  CRISIL        818.1  Reaffirmed
                                       TL                AA/Negative
Gujarat Fluorochemicals Ltd            Rupee TL          CRISIL        5656.2 Reaffirmed
                                                         AA/Negative
Gujarat Organics Ltd                   CC@               CRISIL        150    Reaffirmed
                                                         AA-/Stable
@ Fully interchangeable with Export Packing Credit/Post Shipment Credit/Working Capital Demand
Loan
Gujarat Organics Ltd                   Proposed CC Limit CRISIL        50     Reaffirmed
                                                         AA-/Stable
Gujarat Organics Ltd                   Proposed LT Bk    CRISIL        50     Reaffirmed
                                       Loan Fac          AA-/Stable
Gujarat Organics Ltd                   TL                CRISIL        450    Reaffirmed
                                                         AA-/Stable
Header Systems India Ltd               Ratings           -             -      -
(CRISIL is, however, awaiting adequate information will enable us to carry out the rating
review.)
HI-TECH AGRO FOOD Pvt Ltd              Ratings           -             -      -
(CRISIL is, however, awaiting adequate information will enable us to carry out the rating
review.)
Holostik India Ltd                     CC                CRISIL        400    Reaffirmed
                                                         A/Stable
Holostik India Ltd                     LT Loan           CRISIL        470    Reaffirmed
                                                         A/Stable
Holostik India Ltd                     Proposed FB Bk    CRISIL        130    Reaffirmed
                                       Limits            A/Stable
Indip Industrial Parks (Vizag) Pvt Ltd LT Loan           CRISIL        750    Assigned
                                                         BBB/Stable
Indip Industrial Parks (Vizag) Pvt Ltd Proposed LT Bk    CRISIL        750    Assigned
                                       Loan Fac          BBB/Stable
Inox Wind Ltd                          CC**              CRISIL        650    Reaffirmed
                                                         BBB+/Stable
**Rs.65 crore is interchangeable with letter of credit/bank guarantee
Inox Wind Ltd                          CC*               CRISIL        387    Reaffirmed
                                                         BBB+/Stable
*Rs.38.70 crore is interchangeable with letter of credit
Inox Wind Ltd                          CC                CRISIL        550    Reaffirmed
                                                         BBB+/Stable
Inox Wind Ltd                          CC***             CRISIL        500    Reaffirmed
                                                         BBB+/Stable
***Rs.50 crore is interchangeable with letter of credit/bank guarantee
Inox Wind Ltd                          CC#               CRISIL        200    Reaffirmed
                                                         BBB+/Stable
#Rs.20 crore is interchangeable with letter of credit/bank guarantee
Inox Wind Ltd                          CC##              CRISIL        750    Reaffirmed
                                                         BBB+/Stable
##Rs.75 crore is interchangeable with letter of credit/bank guarantee
Inox Wind Ltd                          CC###             CRISIL        150    Reaffirmed
                                                         BBB+/Stable
###Rs.15 crore is interchangeable with letter of credit
Inox Wind Ltd                          CC                CRISIL        100    Reaffirmed
                                                         BBB+/Stable
Inox Wind Ltd                          LT Loan           CRISIL        1308.2 Reaffirmed
                                                         BBB+/Stable
Inox Wind Ltd                          Proposed LT Bk    CRISIL        6804.8 Reaffirmed
                                       Loan Fac          BBB+/Stable
J P Aviation Services Pvt Ltd          Ratings           -             -      -
(CRISIL is, however, awaiting adequate information will enable us to carry out the rating
review.)
J. J. International                    Ratings           -             -      -
(CRISIL is, however, awaiting adequate information will enable us to carry out the rating
review.)
Jagdamba Timbers Pvt Ltd               CC                CRISIL        40     Reaffirmed
                                                         B+/Stable
Jagdish Rice Mills                     Ratings           -             -      -
(CRISIL is yet to receive adequate information to enable it to undertake a rating review.)
Jaipur Crafts Pvt Ltd                  Export Packing    CRISIL        130    Downgraded
                                       Credit            BB+/Stable           from CRISIL
                                                                              BBB-/Stable
Jaipur Crafts Pvt Ltd                  Proposed LT Bk    CRISIL        70     Downgraded
                                       Loan Fac          BB+/Stable           from CRISIL
                                                                              BBB-/Stable
Kabra Extrusiontechnik Ltd             CC@               CRISIL        90     Reaffirmed
                                                         A/Stable
@Interchangeable up to Rs 7.5 crore with export packing credit, packing credit in foreign
currency, export bill discounting/rediscounting.
Kabra Extrusiontechnik Ltd             CC@@              CRISIL        200    Reaffirmed
                                                         A/Stable
@@Fully interchangeable with working capital demand loan, export packing credit, standby letter
of credit, letter of credit and Interchangeable up to Rs
Kabra Extrusiontechnik Ltd             Proposed LT Bk    CRISIL        10     Reaffirmed
                                       Loan Fac          A/Stable
Kabra Extrusiontechnik Ltd             WC Fac@@@         CRISIL        200    Reaffirmed
                                                         A/Stable
@@@Fully interchangeable with working capital demand loan; Interchangeable up to Rs 10 crore
with cash credit, letter of credit, buyer's credit; Interchangeable up to Rs 10 crore with
export packing credit, foreign bills purchase/discounting/negotiation, post-shipment credit in
foreign currency; and Interchangeable up to Rs 5 crore with bank guarantee, standby letter of
credit. 
Kaira Can Co. Ltd                      CC                CRISIL        125    Reaffirmed
                                                         A-/Stable
Kaira Can Co. Ltd                      WC Fac            CRISIL        150    Reaffirmed
                                                         A-/Stable
Kamaldeep Ispat Pvt Ltd                CC                CRISIL        147.5  Reaffirmed
                                                         BBB-/Stable
Kamaldeep Ispat Pvt Ltd                Proposed LT Bk    CRISIL        10     Reaffirmed
                                       Loan Fac          BBB-/Stable
Karthikeya Trading Pvt Ltd             Ratings           -             -      -
(CRISIL is, however, awaiting adequate information will enable us to carry out the rating
review.)
Kay Bee Cotgin Pvt Ltd                 Ratings           -             -      -
(CRISIL is, however, awaiting adequate information will enable us to carry out the rating
review.)
Khator Fibre and Fabrics Ltd           CC                CRISIL D      75     -
(Issuer Not Cooperating: Rating Migrated)
Khator Fibre and Fabrics Ltd           Letter Of         CRISIL D      40     -
                                       Guarantee 
(Issuer Not Cooperating: Rating Migrated)
Khator Fibre and Fabrics Ltd           Packing Credit    CRISIL D      22.5   -
(Issuer Not Cooperating: Rating Migrated)
Khator Fibre and Fabrics Ltd           Proposed LT Bk    CRISIL D      8      -
                                       Loan Fac
(Issuer Not Cooperating: Rating Migrated)
Khator Fibre and Fabrics Ltd           TL                CRISIL D      204.5  -
(Issuer Not Cooperating: Rating Migrated)
KLM Axiva Finvest Ltd                  Ratings           -             -      -
(CRISIL is yet to receive adequate information to enable it to undertake a rating review.)
Kochar Rice Exim Pvt Ltd               Ratings           -             -      -
(CRISIL is, however, awaiting adequate information will enable us to carry out the rating
review.)
Kumar Enterprises                      Proposed LT Bk    CRISIL        14     Reaffirmed
                                       Loan Fac          BB/Stable
Kumar Enterprises                      Secured Overdraft CRISIL        47     Reaffirmed
                                       Fac               BB/Stable
Kumar Enterprises                      TL                CRISIL        14     Reaffirmed
                                                         BB/Stable
Kumar Organic Products Ltd             CC                CRISIL        150    Reaffirmed
                                                         A-/Stable
Kumar Organic Products Ltd             WC Fac            CRISIL        41.1   Reaffirmed
                                                         A-/Stable
Lee and Muirhead Pvt Ltd               BG                -             100    Withdrawn
(Issuer Not Cooperating)
Lee and Muirhead Pvt Ltd               CC                -             30     Withdrawn
(Issuer Not Cooperating)
Lee and Muirhead Pvt Ltd               Proposed LT Bk    -             200    Withdrawn
                                       Loan Fac
(Issuer Not Cooperating)
Lee and Muirhead Pvt Ltd               TL                CRISIL        80     Revised from
                                                         B+/Stable            CRISIL
                                                                              BB-/Stable
(Issuer Not Cooperating)
M.R.Organisation Ltd                   Corporate Credit  CCR           -      Reaffirmed
                                       Rating            BBB-/Stable
Maa Vaishno Edibles Pvt Ltd            CC                CRISIL        50     Reaffirmed
                                                         B+/Stable
Maa Vaishno Edibles Pvt Ltd            Proposed FB Bk    CRISIL        43     Reaffirmed
                                       Limits            B+/Stable
Maa Vaishno Edibles Pvt Ltd            TL                CRISIL        19     Reaffirmed
                                                         B+/Stable
Madhav Stelco Pvt Ltd                  CC                CRISIL        250    Migrated from
                                                         BBB/Stable           CRISIL
                                                                              BBB/Stable
(Issuer Not Cooperating)
Mansi Share and Stock Advisors Pvt Ltd Ratings           -             -      -
(CRISIL is yet to receive adequate information to enable it to undertake a rating review.)
Mars Tea India Pvt Ltd                 CC                CRISIL        46.9   Migrated from
                                                         BB+/Stable           CRISIL
                                                                              B/Stable
(Issuer Not Cooperating)
Maxop Engineering Company Pvt Ltd      Ratings           -             -      -
(CRISIL is yet to receive adequate information to enable it to undertake a rating review.)
Narbada Dairy Foods And Farms Pvt Ltd  Ratings           -             -      -
(CRISIL is, however, awaiting adequate information will enable us to carry out the rating
review.)
Nation Exim                            Ratings           -             -      -
(CRISIL is, however, awaiting adequate information will enable us to carry out the rating
review.)
Navadiya Impex                         CC                CRISIL        80     Reaffirmed
                                                         BB-/Stable
Navadiya Impex                         Proposed LT Bk    CRISIL        20     Reaffirmed
                                       Loan Fac          BB-/Stable
North East Nutrients Pvt Ltd           BG                -             200    Withdrawn
North East Nutrients Pvt Ltd           LT Loan           CRISIL        730    Reaffirmed
                                                         A+/Stable
NSC Projects Pvt Ltd                   CC                CRISIL        100    Reaffirmed
                                                         BBB/Stable
NSC Projects Pvt Ltd                   Secured Overdraft CRISIL        100    Reaffirmed
                                       against term      BBB/Stable
                                       deposits
OMC Power Pvt Ltd                      NCD               CRISIL        300    Reaffirmed
                                                         B-/Stable
Orient Abrasives Ltd                   CC                CRISIL        700    Reaffirmed
                                                         A-/Stable
Orient Abrasives Ltd                   TL                CRISIL        167.6  Reaffirmed
                                                         A-/Stable
Orient Abrasives Ltd                   Proposed LT Bk    CRISIL        82.4   Reaffirmed
                                       Loan Fac          A-/Stable
P.K. Cold Storage                      Proposed FB Bk    CRISIL        8      Assigned
                                       Limits            B-/Stable
Paragon Irrigation Pvt Ltd             CC                CRISIL        80     Migrated from
                                                         BBB/Stable           CRISIL
                                                                              BBB/Stable
(Issuer Not Cooperating)
Paragon Irrigation Pvt Ltd             Proposed LT Bk    CRISIL        50     Migrated from
                                       Loan Fac          BBB/Stable           CRISIL
                                                                              BBB/Stable
(Issuer Not Cooperating)
Paras Synthetics (India) Pvt Ltd       Ratings           -             -      -
(CRISIL is, however, awaiting adequate information will enable us to carry out the rating
review.)
Penguin Electronics Ltd                CC                CRISIL        165    Migrated from
                                                         BB+/Stable           CRISIL
                                                                              BBB/Stable
(Issuer Not Cooperating)
Penguin Electronics Ltd                Loan Against      CRISIL        75     Migrated from
                                       Property          BB+/Stable           CRISIL
                                                                              BBB/Stable
(Issuer Not Cooperating)
Penguin Electronics Ltd                Proposed WC Fac   CRISIL        70     Migrated from
                                                         BB+/Stable           CRISIL
                                                                              BBB/Stable
(Issuer Not Cooperating)
Penguin Electronics Ltd                TL                CRISIL        100    Migrated from
                                                         BB+/Stable           CRISIL
                                                                              BBB/Stable
(Issuer Not Cooperating)
Popular Vehicles and Services Ltd      CC                CRISIL        100    Reaffirmed
                                                         BBB/Stable
Popular Vehicles and Services Ltd      Inventory Funding CRISIL        2645   Reaffirmed
                                       Fac               BBB/Stable
Popular Vehicles and Services Ltd      LT Loan           CRISIL        55     Reaffirmed
                                                         BBB/Stable
Popular Vehicles and Services Ltd      WC Demand Loan    CRISIL        100    Reaffirmed
                                                         BBB/Stable
Pratiti Health Educational Institutes  Ratings           -             -      -
Pvt Ltd
(CRISIL is, however, awaiting adequate information will enable us to carry out the rating
review.)
Radium Creation Ltd                    Export Packing    CRISIL        230    Downgraded
                                       Credit            BB+/Stable           from CRISIL
                                                                              BBB-/Stable
Radium Creation Ltd                    LT Loan           CRISIL        150    Downgraded
                                                         BB+/Stable           from CRISIL
                                                                              BBB-/Stable
Raipur Polymers Pvt Ltd                Ratings           -             -      -
(CRISIL is, however, awaiting adequate information will enable us to carry out the rating
review.)
Raj Engineering Company                CC                CRISIL        80     Reaffirmed
                                                         BB+/Stable
Rajindra Filling Station               Ratings           -             -      -
(CRISIL is, however, awaiting adequate information will enable us to carry out the rating
review.)
Ramdev Construction Company            Ratings           -             -      -
(CRISIL is, however, awaiting adequate information will enable us to carry out the rating
review.)
Ravi Texo Fab Pvt Ltd                  Ratings           -             -      -
(CRISIL is, however, awaiting adequate information will enable us to carry out the rating
review.)
Red Fort Capital Finance Company Pvt   Proposed LT Bk    -             500    Withdrawn
Ltd                                    Loan Fac
Rohan Metals Pvt Ltd                   CC                CRISIL        140    Reaffirmed
                                                         B/Stable
Rohan Metals Pvt Ltd                   Proposed LT Bk    CRISIL        10     Reaffirmed
                                       Loan Fac          B/Stable
Ruhrpumpen India Pvt Ltd               CC                CRISIL        121    Assigned
                                                         BBB-/Stable
Ruhrpumpen India Pvt Ltd               CC & WC demand    CRISIL        29     Assigned
                                       Loan              BBB-/Stable
Sai Srinivasa Cotton Industries        Ratings           -             -      -
(CRISIL is, however, awaiting adequate information will enable us to carry out the rating
review.)
Sanstar Biopolymers Ltd                CC                CRISIL        200    Assigned
                                                         BB+/Stable
Sanstar Ltd                            CC                CRISIL        300    Assigned
                                                         BB+/Stable
Satchidananda Agro Tech Pvt Ltd        CC                CRISIL        65     Assigned
                                                         BB/Stable
(Assigned; Suspension Revoked)
Satchidananda Agro Tech Pvt Ltd        Proposed LT Bk    CRISIL        3.4    Assigned
                                       Loan Fac          BB/Stable
(Assigned; Suspension Revoked)
Satchidananda Agro Tech Pvt Ltd        TL                CRISIL        23.4   Assigned
                                                         BB/Stable
(Assigned; Suspension Revoked)
Shah Brothers                          CC                CRISIL        20     Reaffirmed
                                                         BB+/Stable
Shalimar Chemical Works Pvt Ltd        CC                CRISIL        297    Migrated from
                                                         BBB+/Stable          CRISIL
                                                                              BB+/Stable
(Issuer Not Cooperating)
Shalimar Chemical Works Pvt Ltd        TL                CRISIL        98.2   Migrated from
                                                         BBB+/Stable          CRISIL
                                                                              BB+/Stable
(Issuer Not Cooperating)
Shilpi Construction-Giridih            Ratings           -             -      -
(CRISIL is, however, awaiting adequate information will enable us to carry out the rating
review.)
Shine Flexible Print And Packs Pvt Ltd CC                CRISIL        65     Downgraded
                                                         B/Stable             from CRISIL
                                                                              B+/Stable
Shine Flexible Print And Packs Pvt Ltd Proposed LT Bk    CRISIL        8.6    Downgraded
                                       Loan Fac          B/Stable             from CRISIL
                                                                              B+/Stable
Shine Flexible Print And Packs Pvt Ltd TL                CRISIL        16.4   Downgraded
                                                         B/Stable             from CRISIL
                                                                              B+/Stable
Shradha Apparels Worldwide             Ratings           -             -      -
(CRISIL is, however, awaiting adequate information will enable us to carry out the rating
review.)
Shrine Engineering Pvt Ltd             Ratings           -             -      -
(CRISIL is, however, awaiting adequate information will enable us to carry out the rating
review.)
Shriram City Union Finance Ltd - Mobil Series A PTCs     Provisional   746.4  Provisional
Trust Series 12                                          CRISIL AAA           Rating
                                                         (SO) @               Assigned
@ A prefix of 'Provisional' indicates that the rating centrally factors in the strength of
specific structures, and will be supported by certain critical documentation by the issuer,
without which the rating would either have been different or not assigned ab initio. This is in
compliance with a May 6, 2015, Securities and Exchange Board of India (SEBI) directive,
'Standardising the term, rating symbol, and manner of disclosure with regard to conditional/
provisional/ in-principle ratings assigned by CRAs;. 
Shyam Hatcheries                       CC                CRISIL        55     Reaffirmed
                                                         BB-/Stable
Shyam Hatcheries                       TL                CRISIL        45     Reaffirmed
                                                         BB-/Stable
Sidharth Exporters                     Ratings           -             -      -
(CRISIL is yet to receive adequate information to enable it to undertake a rating review.)
Siva Sai Marine                        Ratings           -             -      -
(CRISIL is, however, awaiting adequate information will enable us to carry out the rating
review.)
Solo Metals Pvt Ltd                    Ratings           -             -      -
(CRISIL is, however, awaiting adequate information will enable us to carry out the rating
review.)
Sona Processors India Ltd              CC                CRISIL        250    Downgraded
                                                         BB+/Negative         from CRISIL
                                                                              BBB-/Stable
Sona Processors India Ltd              TL                CRISIL        450    Downgraded
                                                         BB+/Negative         from CRISIL
                                                                              BBB-/Stable
Speciality Restaurants Ltd             Proposed LT Bk    -             500    Withdrawn
                                       Loan Fac
Speciality Restaurants Ltd             Overdraft         CRISIL        95     Reaffirmed
                                                         BBB+/Negative
(Outlook revised from 'Stable' and rating reaffirmed)
Sree Alankar                           CC                CRISIL        115    Migrated from
                                                         BB/Stable            CRISIL
                                                                              B/Stable
(Issuer Not Cooperating)
Sree Alankar                           Proposed FB Bk    CRISIL        0.5    Migrated from
                                       Limits            BB/Stable            CRISIL
                                                                              B/Stable
(Issuer Not Cooperating)
Sree Alankar                           TL                CRISIL        11.5   Migrated from
                                                         BB/Stable            CRISIL
                                                                              B/Stable
(Issuer Not Cooperating)
Sree Alankar                           Standby FB Limits CRISIL        23     Migrated from
                                                         BB/Stable            CRISIL
                                                                              B/Stable
(Issuer Not Cooperating)
Sri Krishna Modern Rice Mill           CC                CRISIL        120    Assigned
                                                         BB-/Stable
(Suspension Revoked)
Sri Maruthi Exports                    Ratings           -             -      -
(CRISIL is, however, awaiting adequate information will enable us to carry out the rating
review.)
Suman Mfg. Works Ltd                   CC                CRISIL        80     Migrated from
                                                         BB+/Stable           CRISIL
                                                                              B/Stable
(Issuer Not Cooperating)
Suman Mfg. Works Ltd                   WC TL             CRISIL        8      Migrated from
                                                         BB+/Stable           CRISIL
                                                                              B/Stable
(Issuer Not Cooperating)
Sunren Industries Pvt Ltd              CC                CRISIL        50     Reaffirmed
                                                         B+/Stable
Sunren Industries Pvt Ltd              TL                CRISIL        30     Reaffirmed
                                                         B+/Stable
Super Seals India Ltd                  Ratings           -             -      -
(CRISIL is, however, awaiting adequate information will enable us to carry out the rating
review.)
Surat Hazira NH-6 Tollway Pvt Ltd      TL                CRISIL        18140  Downgraded
                                                         B-/Stable            from CRISIL
                                                                              BB-/Stable
Swagat Developers                      LT Loan           CRISIL        650    Downgraded
                                                         B/Stable             from CRISIL
                                                                              B+/Stable
Swagat Developers                      Proposed LT Bk    CRISIL        118    Downgraded
                                       Loan Fac          B/Stable             from CRISIL
                                                                              B+/Stable
Swarnalaxmi Mercantile Pvt Ltd         CC                CRISIL        45     Migrated from
                                                         BB+/Stable           CRISIL
                                                                              BB+/Stable
(Issuer Not Cooperating)
Swarnalaxmi Mercantile Pvt Ltd         Proposed WC Fac   CRISIL        36     Migrated from
                                                         BB+/Stable           CRISIL
                                                                              BB+/Stable
(Issuer Not Cooperating)
Swarnalaxmi Mercantile Pvt Ltd         TL                CRISIL        19     Migrated from
                                                         BB+/Stable           CRISIL
                                                                              BB+/Stable
(Issuer Not Cooperating)
Tag Corporation                        Buyer`s Credit    CRISIL        10     Reaffirmed
                                                         BBB/Stable
Tag Corporation                        CC                CRISIL        320    Reaffirmed
                                                         BBB/Stable
Tag Corporation                        LT Loan           CRISIL        130    Reaffirmed
                                                         BBB/Stable
Tasty Dairy Specialities Ltd           Bill Discounting  -             180    Withdrawn
(Rating Reaffirmed and Withdrawn)
Tasty Dairy Specialities Ltd           CC                -             270    Withdrawn
(Rating Reaffirmed and Withdrawn)
Tasty Dairy Specialities Ltd           LT Loan           -             25     Withdrawn
(Rating Reaffirmed and Withdrawn)
Tasty Dairy Specialities Ltd           Non-FBL           -             10     Withdrawn
(Rating Reaffirmed and Withdrawn)
Tasty Dairy Specialities Ltd           Overdraft         -             30     Withdrawn
(Rating Reaffirmed and Withdrawn)
Tasty Dairy Specialities Ltd           Proposed LT Bk    -             435    Withdrawal
                                       Loan Fac
(Rating Reaffirmed and Withdrawn)
Technico India Pvt Ltd                 CC                CRISIL        51.3   Downgraded
                                                         BB-/Stable           from CRISIL
                                                                              BB/Stable
Technico India Pvt Ltd                 Loan Against      CRISIL        39.2   Downgraded
                                       Property          BB-/Stable           from CRISIL
                                                                              BB/Stable
TGT Fuel Technologies Pvt Ltd          CC/ Overdraft Fac CRISIL        90     Upgraded from
                                                         BB+/Stable           CRISIL
                                                                              BB/Stable
Trimula G Basmati Pvt Ltd              Ratings           -             -      -
(CRISIL is, however, awaiting adequate information will enable us to carry out the rating
review.)
Ultracab (India) Ltd                   CC                CRISIL        130    Reaffirmed
                                                         BB-/Stable
Ultracab (India) Ltd                   Proposed LT Bk    CRISIL        10     Reaffirmed
                                       Loan Fac          BB-/Stable
Ultracab (India) Ltd                   TL                CRISIL        10     Reaffirmed
                                                         BB-/Stable
Umashakti Steels Pvt Ltd               Ratings           -             -      -
(CRISIL is, however, awaiting adequate information will enable us to carry out the rating
review.)
Universal Educational Society          LT Loan           CRISIL        330    Migrated from
                                                         BBB-/Negative        CRISIL
                                                                              BB+/Stable
(Issuer Not Cooperating)
Universal Educational Society          Overdraft         CRISIL        35     Migrated from
                                                         BBB-/Negative        CRISIL
                                                                              BB+/Stable
(Issuer Not Cooperating)
Universal Educational Society          TL                CRISIL        17     Migrated from
                                                         BBB-/Negative        CRISIL
                                                                              BB+/Stable
(Issuer Not Cooperating)
V.R. Foundries                         Ratings           -             -      -
(CRISIL is, however, awaiting adequate information will enable us to carry out the rating
review.)
V.Sons Distributors Pvt Ltd            Ratings           -             -      -
(CRISIL is, however, awaiting adequate information will enable us to carry out the rating
review.)
Vamani Overseas Pvt Ltd                Export Packing    CRISIL        700    Downgraded
                                       Credit            BBB-/Stable          from CRISIL
                                                                              BBB/Stable
Vamani Overseas Pvt Ltd                LT Loan           CRISIL        50     Downgraded
                                                         BBB-/Stable          from CRISIL
                                                                              BBB/Stable
Vamani Overseas Pvt Ltd                Proposed FB Bk    CRISIL        50     Downgraded
                                       Limits            BBB-/Stable          from CRISIL
                                                                              BBB/Stable
Vardhan Agro Processing Ltd            TL                CRISIL C      288.3  Assigned
Vardhan Agro Processing Ltd            Proposed FB Bk    CRISIL C      18.5   Assigned
                                       Limits
Vardhan Agro Processing Ltd            CC                CRISIL C      180    Assigned
Vikas Money Ltd                        Ratings           -             -      -
(CRISIL is yet to receive adequate information to enable it to undertake a rating review.)
Vinar Systems Pvt Ltd                  Bill Purchase-    CRISIL        20     Reaffirmed
                                       Discounting Fac   BB/Stable
Vinar Systems Pvt Ltd                  CC                CRISIL        40     Reaffirmed
                                                         BB/Stable
VSRK Constructions                     BG                CRISIL D      130    Reaffirmed
VSRK Constructions                     CC                CRISIL D      20     Reaffirmed
Waris Buildcon India Pvt Ltd           LT Loan           CRISIL        15     Migrated from
                                                         BB-/Stable           CRISIL
                                                                              BB-/Stable
(Issuer Not Cooperating)
Waris Buildcon India Pvt Ltd           Overdraft         CRISIL        50     Migrated from
                                                         BB-/Stable           CRISIL
                                                                              BB-/Stable
(Issuer Not Cooperating)
WheelsEMI Pvt Ltd                      Proposed LT Bk    CRISIL        245    Reaffirmed
                                       Loan Fac          BBB/Negative
WheelsEMI Pvt Ltd                      TL                CRISIL        705    Reaffirmed
                                                         BBB/Negative
WheelsEMI Pvt Ltd                      NCD               CRISIL        150    Reaffirmed
                                                         BBB/Negative



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

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

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

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