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CRISIL ratings for Indian debt instruments-Apr 2

Apr 2 (Reuters) – Below are the ratings awarded by Credit Rating Information Service of India (CRISIL) for local debt instruments as of March 31, 2018. COMPANY INSTRUMENT RATING AMOUNT MOVEMENT (RS.MLN) —— ———- —— —– ——— SHORT TERM RATINGS: ——————- A.V.Wires Pvt Ltd Bill Discounting CRISIL A4+ 2.5 Assigned under LOC A-1 Facility And Property Managers Pvt BG CRISIL A4+ 16 Reaffirmed Ltd ACN Tex Pvt Ltd Packing Credit CRISIL A4 8.5 Assigned ACN Tex Pvt Ltd Inland/Import LOC CRISIL A4 5 Assigned ACN Tex Pvt Ltd BG CRISIL A4 3.5 Assigned Adarsh Knitwear Pvt Ltd Overdraft CRISIL A3 40 Assigned Aether Industries Ltd BG CRISIL A4+ 20 Reaffirmed Aether Industries Ltd LOC CRISIL A4+ 60 Reaffirmed Aether Industries Ltd ST Bk Fac CRISIL A4+ 18 Reaffirmed All Services Global Pvt Ltd BG CRISIL A3 150 Reaffirmed Amar Singh Chawal Wala Packing Credit CRISIL A2+ 750 Reaffirmed Apco Infratech Pvt Ltd LOC & BG CRISIL A2+ 12500 Reaffirmed B and A Packaging India Ltd BG CRISIL A3 2 Reaffirmed B and A Packaging India Ltd LOC CRISIL A3 87.5 Reaffirmed B D Overseas Packing Credit CRISIL A4+ 80 Reaffirmed Baba Malleshwar Agro Products Pvt Ltd BG CRISIL A4+ 1.8 Assigned Bhagwanti Rubber And Allied Products LOC CRISIL A4+ 10 Reaffirmed Pvt Ltd Butterfly Gandhimathi Appliances Ltd Bill Discounting CRISIL A3+ 500 Reaffirmed Butterfly Gandhimathi Appliances Ltd LOC CRISIL A3+ 900 Reaffirmed Clix Capital Services Pvt Ltd Proposed ST Bk CRISIL A1+ 7000 Reaffirmed Loan Fac Clix Capital Services Pvt Ltd CP CRISIL A1+ 7000 Reaffirmed Enhanced from Rs.600 Crore Clix Capital Services Pvt Ltd ST Debt CRISIL A1+ 7000 Reaffirmed Enhanced from Rs.600 Crore Clix Finance India Pvt Ltd Proposed ST Bk CRISIL A1+ 3000 Reaffirmed Loan Fac Clix Finance India Pvt Ltd CP CRISIL A1+ 3000 Reaffirmed Enhanced from Rs.200 Crore Clix Finance India Pvt Ltd ST Debt CRISIL A1+ 3000 Reaffirmed Enhanced from Rs.200 Crore Coastal Gujarat Power Ltd BG*# CRISIL A1+(SO) 2500 Reaffirmed *Guaranteed by Tata Power; #One-way interchangeability from bank guarantee to Letter of Credit Coastal Gujarat Power Ltd Buyer`s Credit* CRISIL A1+(SO) 22500 Reaffirmed *Guaranteed by Tata Power Coastal Gujarat Power Ltd ST Loan* CRISIL A1+(SO) 3500 Assigned *Guaranteed by Tata Power Coastal Gujarat Power Ltd CP* CRISIL A1+(SO) 3000 Reaffirmed *Guaranteed by Tata Power Coastal Gujarat Power Ltd CP* CRISIL A1+(SO) 2000 Reaffirmed *Guaranteed by Tata Power Coastal Gujarat Power Ltd ST Loan* Provisional 3000 Assigned CRISIL A1+(SO) *Guaranteed by Tata Power Convergent Wireless Communications Pvt LOC CRISIL A4+ 50 Assigned Ltd Deshmukh And Company BG CRISIL A3 70 Assigned Digitals India Security Products Pvt LtdBG CRISIL A4+ 20 Assigned Edicon Pneumatic Tool Co. Pvt Ltd Proposed LOC CRISIL A3 20 Downgraded from ‘CRISIL A3+’ Gopal Gems Post Shipment CRISIL A4+ 100 Assigned Credit Assigned, Suspension Revoked GP Global Asphalt Pvt Ltd LOC CRISIL A2 250 Reaffirmed GP Global Energy Pvt Ltd LOC CRISIL A2+(SO) 800 Reaffirmed GP Global Energy Pvt Ltd Proposed ST Bk CRISIL A2+(SO) 11.3 Reaffirmed Loan Fac GP Petroleums Ltd LOC CRISIL A2+ 1450 Reaffirmed Gulf Petrochem FZC Bill Discounting CRISIL A2+ 7034.6 Reaffirmed Gulf Petrochem FZC LOC CRISIL A2+ 32242.2 Reaffirmed Gulf Petrochem FZC Proposed LOC CRISIL A2+ 20000 Reaffirmed Hanuman Agro Industries Pvt Ltd LOC CRISIL A4 80 Reaffirmed Harsh Constructions Pvt Ltd BG CRISIL A3+ 600 Reaffirmed Hind Offshore Pvt Ltd BG CRISIL A4+ 200 Reaffirmed Holostik India Ltd BG CRISIL A1 50 Reaffirmed Holostik India Ltd LOC CRISIL A1 100 Reaffirmed Holostik India Ltd Proposed BG CRISIL A1 150 Reaffirmed IKM Investors Pvt Ltd BG CRISIL A2 950 Reaffirmed Indo Brine Industries Ltd BG CRISIL A4+ 26 Assigned Intensiv-Filter Himenviro Pvt Ltd BG CRISIL A4+ 5 Reaffirmed Intensiv-Filter Himenviro Pvt Ltd Inland/Import LOC CRISIL A4+ 6 Reaffirmed Jhansi Concrete Products – Jhansi Proposed NFBL CRISIL A4 6.42 Assigned Jhansi Concrete Products – Jhansi BG CRISIL A4 0.2 Assigned K Bhanuprasad Overdraft CRISIL A4+ 50 Reaffirmed Kairali Steels and Alloys Pvt Ltd LOC & BG CRISIL A4+ 350 Reaffirmed Issuer Not Cooperating; Rating Migrated Karan Trading India Pvt Ltd Import LOC Limit CRISIL A4+ 50 Reaffirmed Migrated from ‘CRISIL A4+’ Issuer Not Cooperating KRS Polyfab BG CRISIL A4+ 8 Assigned Kumar Organic Products Ltd LOC CRISIL A1 300 Reaffirmed Maa Vaishno Devi Refrigeration Pvt Ltd Overdraft CRISIL A4 4 Assigned Maria International Packing Credit CRISIL A4+ 20 Assigned Maria International LOC CRISIL A4+ 50 Assigned Mega Vitrified Pvt Ltd BG CRISIL A4+ 26 Assigned Assigned, Suspension Revoked Mega Vitrified Pvt Ltd LOC CRISIL A4+ 10 Assigned Assigned, Suspension Revoked Naredi Texfab Pvt Ltd LOC CRISIL A4 10 Reaffirmed Issuer Not Cooperating; Rating Migrated OSRAM Lighting Pvt Ltd BG CRISIL A1 250 Reaffirmed Paranjape Autocast Pvt Ltd BG CRISIL A1 5 Reaffirmed Paranjape Autocast Pvt Ltd Export Packing CRISIL A1 10 Reaffirmed Credit Piem Hotels Ltd BG CRISIL A1+ 100 Reaffirmed Piem Hotels Ltd Proposed ST Bk CRISIL A1+ 400 Reaffirmed Loan Fac Piscesia Power Transmission Pvt Ltd BG CRISIL A4+ 100 Assigned Positive Metering Pumps India Pvt Ltd BG CRISIL A4+ 20 Reaffirmed Premier Spinning and Weaving Mills Pvt BG CRISIL A1+ 32 Reaffirmed Ltd Premier Spinning and Weaving Mills Pvt LOC CRISIL A1+ 13 Reaffirmed Ltd Prima Products Pvt Ltd BG CRISIL A1+ 15 Reaffirmed R. K. Patil – Panvel BG CRISIL A4+ 0.25 Reaffirmed Issuer Not Cooperating Rajesh Rayon Silk Mills Ltd Packing Credit CRISIL A4+ 70 Reaffirmed Issuer Not Cooperating; Rating Migrated Raksha Health Insurance Tpa Pvt Ltd BG CRISIL A2 100 Reaffirmed Raksha Health Insurance Tpa Pvt Ltd Proposed ST Bk CRISIL A2 50 Reaffirmed Loan Fac RAS Polytex Pvt Ltd Packing Credit CRISIL A4+ 56 Assigned Assigned, Suspension Revoked Ravikiran Construction BG CRISIL A4 25 Assigned Reliance Retail Ltd Non-FBL CRISIL A1+ 92200 Reaffirmed Reliance Retail Ltd Proposed NFBL CRISIL A1+ 47800 Reaffirmed Reliance Retail Ltd CP CRISIL A1+ 30000 Reaffirmed Rudra Enterprises – Asansol BG CRISIL A3 4 Assigned Sheth and Sura Engineers Pvt Ltd BG CRISIL A3 320 Reaffirmed Sheth and Sura Engineers Pvt Ltd LOC CRISIL A3 40 Reaffirmed Sparsh Transport Carriers Pvt Ltd BG CRISIL A4 15 Assigned Sri Muthulakshmi & Co BG CRISIL A4 0.4 Assigned Standard Chartered Investments and ST Debt Programme CRISIL A1+ 20000 Reaffirmed Loans India Ltd Suresh Chand Gupta BG CRISIL A3 176.5 Assigned Assigned, Suspension Revoked Suresh Chand Gupta Proposed ST Bk CRISIL A3 52.5 Assigned Loan Fac Assigned, Suspension Revoked Swastik Boot Factory BG CRISIL A4 10 Assigned TAL Manufacturing Solutions Ltd Bill Discounting CRISIL A1 150 Reaffirmed TAL Manufacturing Solutions Ltd LOC & BG CRISIL A1 3000 Reaffirmed Tata Ficosa Automotive Systems Ltd Bill Discounting CRISIL A2+ 75 Reaffirmed Tata Ficosa Automotive Systems Ltd LOC* CRISIL A2+ 90 Reaffirmed *Interchangeable with bank guarantee to the extent of Rs.2.0 Crore TCNS Clothing Co. Pvt Ltd BG CRISIL A1+ 10 Upgraded from ‘CRISIL A1’ TCNS Clothing Co. Pvt Ltd LOC CRISIL A1+ 280 Upgraded from ‘CRISIL A1’ TCNS Clothing Co. Pvt Ltd Overdraft CRISIL A1+ 100 Upgraded from ‘CRISIL A1’ The Asian Traders India Bill Purchase- CRISIL A3+ 650 Reaffirmed Discounting Fac The Asian Traders India Proposed Bill CRISIL A3+ 20 Assigned Discounting Fac Trio Trend Exports Pvt Ltd Export Packing CRISIL A3+ 200 Assigned Credit TV Today Network Ltd LOC** CRISIL A1+ 70 Reaffirmed **Interchangeable with bank guarantee Udit Infraworld Pvt Ltd BG CRISIL A3 250 Assigned Vaaan Infra Pvt Ltd BG CRISIL A3 250 Assigned Assigned, Suspension Revoked Vaaan Infra Pvt Ltd LOC CRISIL A3 10 Assigned Assigned, Suspension Revoked Vaaan Infra Pvt Ltd Overdraft CRISIL A3 30 Assigned Assigned, Suspension Revoked Vijay Exports – Mumbai Packing Credit CRISIL A4+ 5 Assigned Viridis Biopharma Pvt Ltd Packing Credit CRISIL A2 5 Upgraded from ‘CRISIL A3+’ LONG TERM RATINGS: ——————- 3D Technopack Ltd CC CRISIL BB+ 13 Upgraded from ‘CRISIL BB A.R.T. Fabrication Industries Pvt Ltd CC CRISIL B+ 5 Reaffirmed Issuer Not Cooperating A.V.Wires Pvt Ltd Proposed LT Bk CRISIL BB- 1.5 Assigned Loan Fac A.V.Wires Pvt Ltd LT Loan CRISIL BB- 2 Assigned A.V.Wires Pvt Ltd CC CRISIL BB- 4 Assigned A-1 Facility And Property Managers Pvt CC CRISIL BB+ 5 Ltd Upgraded from CRISIL BB Aadharshila BG Withdrawal 30 Issuer Not Cooperating Aadharshila CC Withdrawal 20 Issuer Not Cooperating Aadharshila Proposed LT Bk Withdrawal 50 Loan Fac Issuer Not Cooperating ACN Tex Pvt Ltd TL CRISIL B+ 13 Assigned ACN Tex Pvt Ltd Bill Discounting CRISIL B+ 45 Assigned Adarsh Knitwear Pvt Ltd TL CRISIL BBB- 356.8 Assigned Adarsh Knitwear Pvt Ltd Export Packing CRISIL BBB- 103.2 Assigned Credit Adityashree Constructions Proposed LT Bk CRISIL B+ 30 Assigned Loan Fac Adityashree Constructions WC Demand Loan CRISIL B+ 50 Assigned Admerus Biosciences Pvt Ltd CC CRISIL B+ 20 Assigned Admerus Biosciences Pvt Ltd LT Loan CRISIL B+ 180 Assigned Aether Industries Ltd Bill Discounting CRISIL BB 70 Reaffirmed Aether Industries Ltd CC CRISIL BB 160 Reaffirmed Aether Industries Ltd Standby Line of CRISIL BB 20 Reaffirmed Credit Aether Industries Ltd TL CRISIL BB 732.2 Reaffirmed Ajmani Mill Stores Pvt Ltd CC CRISIL B+ 50 Assigned All Services Global Pvt Ltd CC CRISIL BBB- 330 Reaffirmed All Services Global Pvt Ltd Proposed LT Bk CRISIL BBB- 150 Reaffirmed Loan Fac All Services Global Pvt Ltd TL CRISIL BBB- 20 Assigned Amar Singh Chawal Wala CC CRISIL A- 50 Reaffirmed Amar Singh Chawal Wala Proposed LT Bk CRISIL A- 100 Assigned Loan Fac Anand HR Management Pvt Ltd CC CRISIL BB- 70 Assigned Apco Infratech Pvt Ltd CC CRISIL A- 2500 Reaffirmed Asian Concretes and Cements Pvt Ltd CC CRISIL A+ 150 Assigned Asian Concretes and Cements Pvt Ltd LT Loan CRISIL A+ 525 Assigned Asian Concretes and Cements Pvt Ltd Proposed TL CRISIL A+ 225 Assigned Asian Society of Film and Television Proposed TL CRISIL BB+ 72.4 Reaffirmed Asian Society of Film and Television TL CRISIL BB+ 107.6 Reaffirmed Astha Innovations Pvt Ltd Export Packing CRISIL BB 110 Assigned Credit B and A Packaging India Ltd CC CRISIL BBB- 105 Reaffirmed B and A Packaging India Ltd Proposed LT Bk CRISIL BBB- 6.4 Reaffirmed Loan Fac B and A Packaging India Ltd TL CRISIL BBB- 22.6 Reaffirmed B D Overseas Bill Discounting CRISIL BB- 40 Reaffirmed B D Overseas CC CRISIL BB- 20 Reaffirmed Baba Malleshwar Agro Products Pvt Ltd Proposed LT Bk CRISIL BB 3.8 Assigned Loan Fac Baba Malleshwar Agro Products Pvt Ltd LT Loan CRISIL BB 1.9 Assigned Baba Malleshwar Agro Products Pvt Ltd CC CRISIL BB 62.5 Assigned Bhagwanti Rubber And Allied Products CC CRISIL BB 65 Reaffirmed Pvt Ltd Bhagwanti Rubber And Allied Products Proposed FB Bk CRISIL BB 11 Reaffirmed Pvt Ltd Limits Bhagwanti Rubber And Allied Products TL CRISIL BB 4 Reaffirmed Pvt Ltd Bhima Jewels CC CRISIL BBB- 60 Reaffirmed Bhima Jewels CC & WC demand loanCRISIL BBB- 2100 Reaffirmed Bhima Jewels LT Loan CRISIL BBB- 60 Reaffirmed Bluskies Engineering Pvt Ltd LT Loan CRISIL BB 60 Assigned Butterfly Gandhimathi Appliances Ltd CC CRISIL BBB 1500 Reaffirmed Outlook revised from ‘Negative’ and rating reaffirmed Butterfly Gandhimathi Appliances Ltd LT Loan CRISIL BBB 668.5 Reaffirmed Outlook revised from ‘Negative’ and rating reaffirmed Butterfly Gandhimathi Appliances Ltd Proposed LT Bk Withdrawal 811.5 Loan Fac Casa Grande Distripark Pvt Ltd Lease Rental CRISIL BBB- 530 Reaffirmed Discounting Loan Casa Grande Distripark Pvt Ltd Proposed LT Bk CRISIL BBB- 470 Reaffirmed Loan Fac CGD Mappedu Pvt Ltd Proposed LT Bk CRISIL BB+ 125 Reaffirmed Loan Fac Cherryhill Interiors Ltd BG Withdrawal 350 Cherryhill Interiors Ltd Bill Discounting Withdrawal 200 Cherryhill Interiors Ltd Overdraft Withdrawal 100 Coastal Gujarat Power Ltd LT Loan CRISIL A- 38642 Reaffirmed Coastal Gujarat Power Ltd CC & WC demand CRISIL AA-(SO) 500 Reaffirmed loan*^ *Guaranteed by Tata Power; ^ One-way interchangeability from cash credit to letter of credit/buyer’s credit Coimbatore Polytex Pvt Ltd LT Loan CRISIL AA- 196.5 Reaffirmed Coimbatore Polytex Pvt Ltd Proposed LT Bk CRISIL AA- 250 Reaffirmed Loan Fac Coimbatore Polytex Pvt Ltd WC Fac CRISIL AA- 350 Reaffirmed Continental Automotive Components Overdraft CRISIL BBB+ 500 Reaffirmed (India) Pvt Ltd Outlook revised from ‘Stable’ and rating reaffirmed Convergent Wireless Communications Pvt Proposed CC Limit CRISIL BB 30 Assigned Ltd Convergent Wireless Communications Pvt CC CRISIL BB 20 Assigned Ltd Deshmukh And Company CC/ Overdraft Fac CRISIL BBB- 30 Assigned Dhanashree Agro Products Pvt Ltd BG CRISIL D 12 Reaffirmed Dhanashree Agro Products Pvt Ltd CC CRISIL D 600 Reaffirmed Dhanashree Agro Products Pvt Ltd LOC CRISIL D 15 Reaffirmed Dhanashree Agro Products Pvt Ltd LT Loan CRISIL D 600 Reaffirmed Dhoot Compack Pvt Ltd Ratings — Information Availability Risk in Credit Ratings Digitals India Security Products Pvt LtdSecured Overdraft CRISIL BB 53.5 Assigned Fac Digitals India Security Products Pvt LtdCC CRISIL BB 26.5 Assigned DolbiS Granite Exports Pvt Ltd CC CRISIL D 40 Assigned DolbiS Granite Exports Pvt Ltd LT Loan CRISIL D 50 Assigned Edicon Pneumatic Tool Co. Pvt Ltd LT Loan CRISIL BBB- 140 Downgraded from ‘CRISIL BBB’ Edicon Pneumatic Tool Co. Pvt Ltd WC Fac CRISIL BBB- 60 Downgraded from ‘CRISIL BBB’ Galaxy Transmissions Pvt Ltd Ratings — Information Availability Risk in Credit Ratings Gandhi Spices Pvt Ltd CC CRISIL BBB 110 Upgraded from ‘CRISIL BBB-‘ Gandhi Spices Pvt Ltd LT Loan CRISIL BBB 70 Upgraded from ‘CRISIL BBB-‘ Ganga Papers India Ltd CC CRISIL BB 240 Assigned Assigned, Suspension Revoked Ganga Papers India Ltd LT Loan CRISIL BB 120 Assigned Assigned, Suspension Revoked Ganga Pulp and Papers Pvt Ltd CC CRISIL BB 50 Assigned Ganga Pulp and Papers Pvt Ltd LT Loan CRISIL BB 115 Assigned Global Mercantile Pvt Ltd Ratings — Information Availability Risk in Credit Ratings Golden Vats Pvt Ltd CC CRISIL BBB- 150 Upgraded from ‘CRISIL BB+’ GP Global Asphalt Pvt Ltd CC CRISIL BBB+ 400 Reaffirmed GP Global Asphalt Pvt Ltd TL CRISIL BBB+ 120 Reaffirmed GP Global Energy Pvt Ltd CC CRISIL A-(SO) 100 Reaffirmed GP Global Energy Pvt Ltd Proposed LT Bk CRISIL A-(SO) 63 Reaffirmed Loan Fac GP Petroleums Ltd CC CRISIL A- 550 Reaffirmed Gulf Petrochem FZC Overdraft CRISIL A- 665.5 Reaffirmed Gulf Petrochem FZC Proposed LT Bk CRISIL A- 7837.7 Reaffirmed Loan Fac Hanuman Agro Industries Pvt Ltd CC CRISIL B+ 140 Reaffirmed Harsh Constructions Pvt Ltd CC CRISIL BBB 400 Reaffirmed Outlook revised from ‘Stable’ and rating reaffirmed Hind Offshore Pvt Ltd Proposed LT Bk CRISIL BB+ 14.7 Reaffirmed Loan Fac Hind Offshore Pvt Ltd TL CRISIL BB+ 567.3 Assigned Hindustan Newsprint Ltd BG CRISIL D 50 Reaffirmed Issuer Not Cooperating; Rating Migrated Hindustan Newsprint Ltd CC^ CRISIL D 450 Reaffirmed Issuer Not Cooperating; Rating Migrated; ^ Interchangeable with LC limits of Rs.5 Crore Hindustan Newsprint Ltd CC# CRISIL D 600 Reaffirmed Issuer Not Cooperating; Rating Migrated; # Interchangeable with bank guarantee limits Hindustan Newsprint Ltd CC CRISIL D 50 Reaffirmed Issuer Not Cooperating; Rating Migrated Hindustan Newsprint Ltd LOC# CRISIL D 450 Reaffirmed Issuer Not Cooperating; Rating Migrated; # Interchangeable with bank guarantee limits Holostik India Ltd CC CRISIL A 350 Reaffirmed Holostik India Ltd LT Loan CRISIL A 150 Reaffirmed Holostik India Ltd Proposed CC Limit CRISIL A 50 Reaffirmed Holostik India Ltd Proposed TL CRISIL A 250 Reaffirmed Hyprecision Hydraulik BG Withdrawal 100 Issuer Not Cooperating Hyprecision Hydraulik CC Withdrawal 50 Issuer Not Cooperating; Migrated from ‘CRISIL BB-‘ ; Rating Withdrawal Hyprecision Hydraulik LOC Withdrawal 90 Issuer Not Cooperating; Migrated from ‘CRISIL BB-‘ ; Rating Withdrawal IEnergy Wind Farms (Theni) Pvt Ltd CC CRISIL B- 15 Assigned Assigned: Suspension Revoked IEnergy Wind Farms (Theni) Pvt Ltd TL CRISIL B- 360 Assigned Assigned: Suspension Revoked IEnergy Wind Farms (Theni) Pvt Ltd Proposed LT Bk CRISIL B- 25 Assigned Loan Fac Assigned: Suspension Revoked Immacule Lifesciences Pvt Ltd CC CRISIL B- 70 Reaffirmed Immacule Lifesciences Pvt Ltd Foreign Currency TLCRISIL B- 347 Reaffirmed Immacule Lifesciences Pvt Ltd Proposed LT Bk CRISIL B- 55 Reaffirmed Loan Fac Immacule Lifesciences Pvt Ltd TL CRISIL B- 75 Reaffirmed Imperial Fragrances And Flavours Pvt LtdProposed LT Bk CRISIL BB 100 Assigned Loan Fac Indo Brine Industries Ltd LT Loan CRISIL BB 24 Assigned Indo Brine Industries Ltd CC CRISIL BB 150 Assigned J. S. Gautam Enterprises Pvt Ltd CC CRISIL B 14 Assigned J. S. Gautam Enterprises Pvt Ltd LT Loan CRISIL B 36 Assigned Jagatmata Cold Storage Pvt Ltd CC CRISIL BB- 85 Assigned Jhansi Concrete Products – Jhansi TL CRISIL B+ 1.8 Assigned Jhansi Concrete Products – Jhansi Rupee TL CRISIL B+ 0.33 Assigned Jhansi Concrete Products – Jhansi CC CRISIL B+ 1.25 Assigned Jupax Vanijya Pvt Ltd Ratings — Information Availability Risk in Credit Ratings K Bhanuprasad Proposed LT Bk CRISIL BB 50 Loan Fac Upgraded from ‘CRISIL BB-‘ Kairali Steels and Alloys Pvt Ltd CC CRISIL BB- 150 Reaffirmed Issuer Not Cooperating; Rating Migrated Kakatiya Pipes And Infra Pvt Ltd TL CRISIL BB- 59.3 Assigned Kakatiya Pipes And Infra Pvt Ltd Proposed LT Bk CRISIL BB- 20.7 Assigned Loan Fac Kakatiya Pipes And Infra Pvt Ltd Proposed CC Limit CRISIL BB- 62 Assigned Kakatiya Pipes And Infra Pvt Ltd CC CRISIL BB- 28 Assigned Kakatiya Pipes And Infra Pvt Ltd Proposed BG CRISIL BB- 30 Assigned Kanuru Bapaiah Constructions And LeasingLT Loan CRISIL B 100 Assigned Karan Trading India Pvt Ltd CC CRISIL BB- 30 Reaffirmed Migrated from ‘CRISIL BB-‘ Issuer Not Cooperating Karthik Travels Pvt Ltd Overdraft CRISIL D 60 Issuer Not Cooperating; Downgraded from ‘CRISIL BB-‘ Kasegaon Education Society TL CRISIL B+ 126 Reaffirmed Kerala State Co-Operative Agricultural Overdraft CRISIL BB+ 100 Reaffirmed and Rural Development Bank Ltd Kesh Knitwear Pvt Ltd Ratings — Information Availability Risk in Credit Ratings KLG Jewellers Electronic Dealer CRISIL B+ 150 Financing Scheme(e-DFS) Downgraded from ‘CRISIL BB-‘ KLG Jewellers LT Loan CRISIL B+ 72.4 Downgraded from ‘CRISIL BB-‘ KLG Jewellers Proposed LT Bk CRISIL B+ 18.6 Loan Fac Downgraded from ‘CRISIL BB-‘ KLG Jewellers Proposed Overdraft CRISIL B+ 30 Assigned Fac Downgraded from ‘CRISIL BB-‘ Komal Fibres CC CRISIL BB 70 Assigned Koneru Lakshmaiah Education Foundation Proposed LT Bk CRISIL A+ 2500 Reaffirmed Loan Fac KRS Polyfab TL CRISIL BB 59 Assigned KRS Polyfab Proposed CC Limit CRISIL BB 25 Assigned KRS Polyfab CC CRISIL BB 58 Assigned Kumar Organic Products Ltd CC CRISIL A- 150 Reaffirmed Outlook revised from ‘Positive’ and rating reaffirmed Kumar Organic Products Ltd Proposed LT Bk CRISIL A- 41.1 Reaffirmed Loan Fac Outlook revised from ‘Positive’ and rating reaffirmed Maa Mundeshwari Motors Pvt Ltd CC CRISIL B+ 90 Assigned Maa Mundeshwari Motors Pvt Ltd Proposed WC Fac CRISIL B+ 60 Assigned Maa Vaishno Devi Refrigeration Pvt Ltd TL CRISIL B 11.3 Assigned Maa Vaishno Devi Refrigeration Pvt Ltd CC CRISIL B 38.5 Assigned Maharaja Agrasen Technical Education CC/ Overdraft Fac CRISIL BBB+ 144 Reaffirmed Society Outlook revised from ‘Positive’ and rating reaffirmed Maharaja Agrasen Technical Education LT Loan CRISIL BBB+ 366 Reaffirmed Society Outlook revised from ‘Positive’ and rating reaffirmed Maria International Proposed LT Bk CRISIL BB 10 Assigned Loan Fac Maria International CC CRISIL BB 20 Assigned Maria International Foreign Bill CRISIL BB 40 Assigned Purchase Mario Educational and Charitable SocietyLT Loan CRISIL B 55 Assigned Mars Envirotech Ltd CC CRISIL B 15 Assigned Mars Envirotech Ltd TL CRISIL B 50 Assigned Mavis Satcom Ltd LT Loan CRISIL BB+ 207 Reaffirmed Issuer Not Cooperating; Rating Migrated Mega Vitrified Pvt Ltd CC CRISIL BB- 70 Assigned Assigned, Suspension Revoked Mega Vitrified Pvt Ltd TL CRISIL BB- 14 Assigned Assigned, Suspension Revoked Mohak Associates Ratings — Information Availability Risk in Credit Ratings N S Agricultural College Proposed TL CRISIL B+ 120 Assigned N. S. Precision Works Pvt Ltd Ratings — Information Availability Risk in Credit Ratings Nano Minpro Pvt Ltd CC CRISIL D 90 Reaffirmed Issuer Not Cooperating; Rating Migrated Nano Minpro Pvt Ltd LOC CRISIL D 10 Reaffirmed Issuer Not Cooperating; Rating Migrated Naredi Texfab Pvt Ltd CC CRISIL B+ 40 Reaffirmed Issuer Not Cooperating; Rating Migrated Naredi Texfab Pvt Ltd TL CRISIL B+ 77.3 Reaffirmed Issuer Not Cooperating; Rating Migrated Nassco Trading India Pvt Ltd CC CRISIL B+ 95 Reaffirmed Issuer Not Cooperating; Rating Migrated Naveen Distributors TL CRISIL BB 56.9 Assigned Naveen Distributors CC CRISIL BB 9.5 Assigned Naveen Distributors Proposed LT Bk CRISIL BB 0.6 Assigned Loan Fac Niha International Pvt Ltd CC CRISIL B+ 75 Assigned OSRAM Lighting Pvt Ltd Overdraft CRISIL A+ 1100 Reaffirmed Padam Shree Tex Feb Pvt Ltd CC CRISIL BB+ 165 Assigned Paranjape Autocast Pvt Ltd CC CRISIL A 80 Reaffirmed Paranjape Autocast Pvt Ltd Proposed LT Bk CRISIL A 98 Reaffirmed Loan Fac Parasakthi Agencies TL CRISIL BB- 5 Assigned Parasakthi Agencies CC CRISIL BB- 46 Assigned Parasakthi Agencies Proposed CC Limit CRISIL BB- 9 Assigned Pashupati Roller Flour Mill Pvt Ltd Ratings — Information Availability Risk in Credit Ratings Pentagon Premises Pvt Ltd Drop Line CRISIL BB- 117.5 Reaffirmed Overdraft Fac Issuer Not Cooperating; Rating Migrated Pentagon Premises Pvt Ltd Proposed LT Bk CRISIL BB- 382.5 Reaffirmed Loan Fac Issuer Not Cooperating; Rating Migrated Phorotech Surfin (India) Pvt Ltd CC CRISIL BBB- 40 Reaffirmed Outlook revised from ‘Stable’ and rating reaffirmed Phorotech Surfin (India) Pvt Ltd Proposed LT Bk CRISIL BBB- 60 Reaffirmed Loan Fac Outlook revised from ‘Stable’ and rating reaffirmed Piscesia Power Transmission Pvt Ltd CC CRISIL BB- 10 Assigned Plastech Solutions TL CRISIL BB- 30 Assigned Plastech Solutions CC CRISIL BB- 30 Assigned Plastech Solutions Proposed CC Limit CRISIL BB- 10 Assigned Positive Metering Pumps India Pvt Ltd CC CRISIL BB- 42 Reaffirmed Positive Metering Pumps India Pvt Ltd LT Unsecured Loan CRISIL BB- 7.5 Reaffirmed Positive Metering Pumps India Pvt Ltd Proposed LT Bk CRISIL BB- 40.5 Reaffirmed Loan Fac Premier Cotton Textiles LT Loan CRISIL AA- 364.9 Reaffirmed Premier Cotton Textiles Proposed LT Bk CRISIL AA- 251.1 Reaffirmed Loan Fac Premier Cotton Textiles WC Fac CRISIL AA- 417.5 Reaffirmed Premier Fine Linens Pvt Ltd LT Loan CRISIL AA- 183.6 Reaffirmed Premier Fine Linens Pvt Ltd WC Fac CRISIL AA- 1260 Reaffirmed Premier Mills Pvt Ltd Proposed LT Bk CRISIL AA- 2316.6 Reaffirmed Loan Fac Premier Mills Pvt Ltd WC Fac CRISIL AA- 300 Reaffirmed Premier Spinning and Weaving Mills Pvt LT Loan CRISIL AA- 895.7 Reaffirmed Ltd Premier Spinning and Weaving Mills Pvt Proposed LT Bk CRISIL AA- 782.5 Reaffirmed Ltd Loan Fac Premier Spinning and Weaving Mills Pvt WC Fac CRISIL AA- 520 Assigned Ltd Prima Products Pvt Ltd LT Loan CRISIL AA- 90.8 Reaffirmed Prima Products Pvt Ltd Proposed LT Bk CRISIL AA- 453.3 Reaffirmed Loan Fac Prima Products Pvt Ltd WC Fac CRISIL AA- 250 Reaffirmed R. K. Patil – Panvel CC CRISIL BB 6.75 Reaffirmed Issuer Not Cooperating R. K. Patil – Panvel Proposed LT Bk CRISIL BB 13 Reaffirmed Loan Fac Issuer Not Cooperating R. K. Patil – Panvel WC TL CRISIL BB 5 Reaffirmed Issuer Not Cooperating R.C. Exports Proposed CC Limit CRISIL BB- 7 Assigned R.C. Exports CC CRISIL BB- 2 Assigned R.C. Exports LT Loan CRISIL BB- 1 Assigned Rajesh Rayon Silk Mills Ltd CC CRISIL BB 58.1 Reaffirmed Issuer Not Cooperating; Rating Migrated Rajesh Rayon Silk Mills Ltd Proposed LT Bk CRISIL BB 1.9 Reaffirmed Loan Fac Issuer Not Cooperating; Rating Migrated RAS Polytex Pvt Ltd CC CRISIL BB 91.5 Assigned Assigned, Suspension Revoked RAS Polytex Pvt Ltd LT Loan CRISIL BB 347.5 Assigned Assigned, Suspension Revoked Rateria Laminators Pvt Ltd Ratings — Information Availability Risk in Credit Ratings Ravikiran Construction Proposed LT Bk CRISIL B+ 15 Assigned Loan Fac Ravikiran Construction CC CRISIL B+ 40 Assigned Reliance Retail Ltd FB Fac* CRISIL AAA 27500 Reaffirmed * Fungible between Fund Based and Non Fund based Facilities to the extent of Rs.2500 Crore Reliance Retail Ltd Proposed FB Bk CRISIL AAA 2500 Reaffirmed Limits Rudra Enterprises – Asansol CC CRISIL BBB- 6 Assigned S.S. Flour Mills (Khopoli) Pvt Ltd Proposed WC Fac CRISIL BBB 2 Assigned Sethu Distribution Agency CC CRISIL B 50 Assigned Sethu Distribution Agency Proposed CC Limit CRISIL B 10 Assigned Sheth and Sura Engineers Pvt Ltd CC CRISIL BBB- 90 Reaffirmed Sheth and Sura Engineers Pvt Ltd Standby Line of CRISIL BBB- 10 Reaffirmed Credit Sheth and Sura Engineers Pvt Ltd Proposed LT Bk Withdrawal 93 Loan Fac Shri Chiranjilal Bajoria Educational Proposed LT Bk CRISIL BBB- 100 Assigned Society Loan Fac Shri Gangadass Enterprises Pvt Ltd TL CRISIL B 25 Assigned Shri Gangadass Enterprises Pvt Ltd CC CRISIL B 20 Assigned Shri Gangadass Enterprises Pvt Ltd LT Loan CRISIL B 19.4 Assigned Somani Motors Pvt Ltd Electronic Dealer CRISIL B+ 87.5 Reaffirmed Financing Scheme(e-DFS) Somani Motors Pvt Ltd Overdraft CRISIL B+ 12.5 Reaffirmed Somnath Ceramic Proposed LT Bk CRISIL B+ 19.7 Assigned Loan Fac Somnath Ceramic CC CRISIL B+ 20 Assigned Somnath Ceramic LT Loan CRISIL B+ 12.2 Assigned Sonovision Electronics Proposed CC Limit CRISIL BBB- 100 Assigned Sonovision Enterprises Proposed CC Limit CRISIL BBB- 140 Migrated from ‘CRISIL B Issuer Not Cooperating’ Sonovision Enterprises Proposed LT Bk CRISIL BBB- 120 Assigned Loan Fac Migrated from ‘CRISIL B Issuer Not Cooperating’ Sparsh Transport Carriers Pvt Ltd CC CRISIL B+ 60 Assigned Sree Narasimha Textiles Pvt Ltd Proposed LT Bk CRISIL AA- 1069.2 Reaffirmed Loan Fac Sree Narasimha Textiles Pvt Ltd WC Fac CRISIL AA- 150 Reaffirmed Sri Muthulakshmi & Co Secured Overdraft CRISIL B 4.6 Assigned Fac Sri V S Sudhiksha Solvent Industries Proposed LT Bk CRISIL B+ 20 Assigned Loan Fac Sri V S Sudhiksha Solvent Industries LT Loan CRISIL B+ 50 Assigned Sri V S Sudhiksha Solvent Industries Overdraft CRISIL B+ 50 Assigned Sri Venkateshwara Industries – Karatagi Proposed LT Bk CRISIL B+ 4.53 Assigned Loan Fac Sri Venkateshwara Industries – Karatagi CC CRISIL B+ 4.5 Assigned Sri Venkateshwara Industries – Karatagi LT Loan CRISIL B+ 0.97 Assigned St. Johns Cashew Company CC Withdrawal 70 Issuer Not Cooperating Standard Chartered Investments and NCD CRISIL AA+ 5000 Reaffirmed Loans India Ltd STONE AGE Pvt Ltd Credit Limit Under Withdrawal 35 Gold Card Issuer Not Cooperating STONE AGE Pvt Ltd Foreign Bill Withdrawal 100 Discounting* Issuer Not Cooperating; *50% interchangeability to packing credit in foreign currency STONE AGE Pvt Ltd Packing Credit in Withdrawal 75 Foreign Currency Issuer Not Cooperating STONE AGE Pvt Ltd Proposed LT Bk Withdrawal 22 Loan Fac Issuer Not Cooperating STONE AGE Pvt Ltd TL Withdrawal 3 Issuer Not Cooperating Success Engineers Ratings — Information Availability Risk in Credit Ratings Suniti Prova Cold Storage Proposed LT Bk CRISIL B 8.5 Assigned Loan Fac Suniti Prova Cold Storage CC CRISIL B 25 Assigned Suniti Prova Cold Storage LT Loan CRISIL B 16.5 Assigned Suresh Chand Gupta Overdraft CRISIL BBB- 11 Assigned Assigned, Suspension Revoked Swastik Boot Factory Proposed TL CRISIL B+ 40 Assigned Swastik Boot Factory Proposed CC Limit CRISIL B+ 12.5 Assigned Swastik Boot Factory CC CRISIL B+ 22.5 Assigned Synergia Life Sciences Pvt Ltd CC CRISIL BBB+ 20 Upgraded from ‘CRISIL BBB’ Synergia Life Sciences Pvt Ltd Proposed LT Bk CRISIL BBB+ 80 Loan Fac Upgraded from ‘CRISIL BBB’ TAL Manufacturing Solutions Ltd CC CRISIL A+ 1000 Reaffirmed TAL Manufacturing Solutions Ltd LT Loan^ CRISIL A+ 550 Reaffirmed ^Interchangeable with letter of credit up to Rs.55.0 crore TAL Manufacturing Solutions Ltd Proposed LT Bk CRISIL A+ 15 Assigned Loan Fac Tapan Industries CC CRISIL BB 80 Reaffirmed Tapan Industries Inventory Funding CRISIL BB 160 Reaffirmed Fac Tapan Industries Loan Against CRISIL BB 170 Reaffirmed Property Tapan Industries Proposed LT Bk CRISIL BB 40 Reaffirmed Loan Fac Tata Ficosa Automotive Systems Ltd CC CRISIL A- 65 Reaffirmed Tata Ficosa Automotive Systems Ltd LT Loan CRISIL A- 180 Reaffirmed Tata Ficosa Automotive Systems Ltd Proposed LT Bk CRISIL A- 16.4 Assigned Loan Fac TCNS Clothing Co. Pvt Ltd Bill Discounting CRISIL A+ 150 Upgraded from ‘CRISIL A’ TCNS Clothing Co. Pvt Ltd CC CRISIL A+ 210 Upgraded from ‘CRISIL A’ Team Krian Export Packing CRISIL BBB- 220 Assigned Credit Team Krian Proposed TL CRISIL BBB- 10 Assigned The Patliputra CC CRISIL B+ 100 Assigned Thirumurugan Tex Proposed LT Bk CRISIL BB- 15 Assigned Loan Fac Thirumurugan Tex Bill Discounting CRISIL BB- 25 Assigned Thirumurugan Tex Export Packing CRISIL BB- 35 Assigned Credit Trendset Builders Pvt Ltd Proposed LT Bk CRISIL BB- 800 Assigned Loan Fac Trendset Builders Pvt Ltd Lease Rental CRISIL BB(SO) 200 Assigned Discounting Loan TV Today Network Ltd CC CRISIL AA- 170 Reaffirmed TV Today Network Ltd CC* CRISIL AA- 300 Reaffirmed *Interchangeable with letter of credit, bank guarantee, and working capital demand loan TV Today Network Ltd Proposed WC Fac CRISIL AA- 210 Reaffirmed Udit Infraworld Pvt Ltd TL CRISIL BBB- 20 Assigned Udit Infraworld Pvt Ltd Standby Line of CRISIL BBB- 20 Assigned Credit Udit Infraworld Pvt Ltd CC CRISIL BBB- 45 Assigned Uttam Agro Foods (India) P Ltd Overdraft CRISIL BBB 30 Assigned Uttam Food Infrastructure Park Pvt Ltd Overdraft CRISIL BBB 80 Upgraded from ‘CRISIL BBB-‘ Uttam Food Infrastructure Park Pvt Ltd Proposed LT Bk CRISIL BBB 69.5 Loan Fac Upgraded from ‘CRISIL BBB-‘ Uttaranchal Industries CC CRISIL BB+ 50 Upgraded from ‘CRISIL BB’ Vaaan Infra Pvt Ltd CC CRISIL BBB- 50 Assigned Assigned, Suspension Revoked Vaaan Infra Pvt Ltd Proposed LT Bk CRISIL BBB- 60 Assigned Loan Fac Assigned, Suspension Revoked Varsiddhi Enterprises Pvt Ltd CC CRISIL BB 160 Assigned Varsiddhi Enterprises Pvt Ltd Drop Line CRISIL BB 60 Assigned Overdraft Fac Vasavi Infrastructure Projects Ltd LT Loan Withdrawal 60 Ve Jay Textile Mills CC CRISIL D 42.5 Reaffirmed Issuer Not Cooperating; Rating Migrated Ve Jay Textile Mills LT Loan CRISIL D 38.5 Reaffirmed Issuer Not Cooperating; Rating Migrated Ve Jay Textile Mills Proposed LT Bk CRISIL D 19 Reaffirmed Loan Fac Issuer Not Cooperating; Rating Migrated Vel Shree R.Rangarajan Dr.Sagunthala LT Loan CRISIL BB 26 Reaffirmed Rangarajan Educational Academy Issuer Not Cooperating Vel Shree R.Rangarajan Dr.Sagunthala Overdraft CRISIL BB 9 Reaffirmed Rangarajan Educational Academy Issuer Not Cooperating Vijay Exports – Mumbai Bill Discounting CRISIL BB+ 5 Assigned Vijay Exports – Mumbai CC CRISIL BB+ 5 Assigned Vijaya Enterprises-Vijayawada Proposed CC Limit CRISIL BBB- 14 Assigned Viridis Biopharma Pvt Ltd CC CRISIL BBB+ 15 Upgraded from ‘CRISIL BBB’ Viridis Biopharma Pvt Ltd Proposed LT Bk CRISIL BBB+ 80 Loan Fac Upgraded from ‘CRISIL BBB’ Vishwaraj Developers Proposed LT Bk CRISIL B 10 Reaffirmed Loan Fac Vishwaraj Developers TL CRISIL B 290 Assigned VMN Buildcon Pvt Ltd CC CRISIL B+ 46 Assigned VMN Buildcon Pvt Ltd Proposed LT Bk CRISIL B+ 54 Assigned Loan Fac Wittur Elevator Components India Pvt LtdCC CRISIL BB+ 85 Reaffirmed Issuer Not Cooperating; Rating Migrated Wittur Elevator Components India Pvt LtdProposed WC Fac CRISIL BB+ 15 Reaffirmed Issuer Not Cooperating; Rating Migrated Wonder Fibromats Pvt Ltd CC CRISIL BB+ 52.5 Upgraded from ‘CRISIL BB’ Wonder Fibromats Pvt Ltd TL CRISIL BB+ 72.5 Upgraded from ‘CRISIL BB’ World Gold Junction Pvt Ltd CC CRISIL BB- 200 Reaffirmed Issuer Not Cooperating; Rating Migrated Zenova Bio Nutrition Pvt Ltd CC CRISIL D 30 Reaffirmed Issuer Not Cooperating; Rating Migrated Zenova Bio Nutrition Pvt Ltd LT Loan CRISIL D 66 Reaffirmed Issuer Not Cooperating; Rating Migrated ——————————————————————————————– $: 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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