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CRISIL ratings for Indian debt instruments-Jan 1

    Jan 1  - Below are the ratings awarded by Credit Rating Information Service of India
(CRISIL) for local debt instruments as of December 31, 2020.


COMPANY                               INSTRUMENT         RATING        AMOUNT  MOVEMENT
                                                                       (RS.MLN)
------                                ----------         ------        -----   ---------
SHORT TERM RATINGS:
-------------------
Ajab Singh and Company                 BG                CRISIL A4     310    Reaffirmed
Ankur Scientific Energy Technologies   BG#               CRISIL A3     95     Reaffirmed
Pvt Ltd
#Interchangeble with LC
Ankur Scientific Energy Technologies   Foreign Exchange  CRISIL A3     9      Reaffirmed
Pvt Ltd                                Forward
Aranthaangi Chemical Products Ltd      LOC               CRISIL A4+    30     -
(Issuer Not Cooperating; Rating Migrated)
ARK Industries Pvt Ltd                 LOC               CRISIL D      350    Downgraded
                                                                              from CRISIL
                                                                              A4+
Baba Batuknath Rice Mill               BG                CRISIL A4     10     -
(Issuer Not Cooperating; Rating Migrated)
Canon Ball Fashions                    Pre Shipment      CRISIL A4+    60     Assigned
                                       Credit     
Coromandel International Ltd           Buyer`s Credit    CRISIL A1+    1400   Reaffirmed
Coromandel International Ltd           LOC & BG2         CRISIL A1+    11000  Reaffirmed
(2) Interchangeable with stand-by letter of credit (SBLC) upto Rs 500 crore.
Coromandel International Ltd           LOC & BG3         CRISIL A1+    700    Reaffirmed
(3) Limits sanctioned USD 10 Million. Fully interchangeable with SBLC limits and short term loan
limit up to Rs. 30 crore
Coromandel International Ltd           LOC & BG4         CRISIL A1+    20000  Reaffirmed
(4) Interchangeable with SBLC upto Rs. 1000 crore
Coromandel International Ltd           LOC & BG          CRISIL A1+    7500   Reaffirmed
Coromandel International Ltd           Proposed NFBL     CRISIL A1+    3100   Reaffirmed
Coromandel International Ltd           ST Loan           CRISIL A1+    10000  Reaffirmed
Coromandel International Ltd           ST Loan$          CRISIL A1+    3000   Reaffirmed
$ Fully interchangeable with letter of credit limits
Coromandel International Ltd           ST Loan%          CRISIL A1+    3000   Reaffirmed
% Fully interchangeable with LC & SBLC
Coromandel International Ltd           CP                CRISIL A1+    20000  Reaffirmed
Datta Meghe Institute of Medical       Overdraft         CRISIL A4+    170    Reaffirmed
Sciences
Delta Iron and Steel Company Pvt Ltd   LOC               CRISIL D      1822.5 Downgraded
                                                                              from CRISIL
                                                                              A4+
Digispice Technologies Ltd             BG                CRISIL A4+    25     Assigned
Excellent Moulders                     LOC               CRISIL A4+    80     Assigned
JM Financial Services Ltd              BG                CRISIL A1+    3050   Reaffirmed
JM Financial Services Ltd              CP                CRISIL A1+    11000  Reaffirmed
JM Financial Services Ltd              Proposed ST Bk    -             243.7  Withdrawn
                                       Loan Fac
M. G. Wadhwani                         BG                CRISIL A4+    40     Assigned
Malvika Technical Services             BG                CRISIL A4+    51     Assigned
Malvika Technical Services             LOC               CRISIL A4+    25     Assigned
Mundeshwari Construction               BG                CRISIL A4     135    Migrated from
                                                                              CRISIL A4+
(Issuer Not Cooperating)
MYK Arment Pvt Ltd                     LOC*              CRISIL A3     200    Reaffirmed
*Includes Bank Guarantee of Rs 1.00 crore as a sublimit of Letter of Credit
Nui Pulp and Paper Industries Pvt Ltd  Bill Discounting  CRISIL D      50     Downgraded
                                       under LOC                              from CRISIL A4
(Issuer Not Cooperating)
Nui Pulp and Paper Industries Pvt Ltd  Packing Credit in CRISIL D      40     Downgraded
                                       Foreign Currency                       from CRISIL A4
(Issuer Not Cooperating)
Nui Pulp and Paper Industries Pvt Ltd  Proposed ST Bk    CRISIL D      20     Downgraded
                                       Loan Fac                               from CRISIL A4
(Issuer Not Cooperating)
Olympic Decor LLP                      LOC               CRISIL A2     15     Reaffirmed
P. Chandra Reddy and Co.               BG                CRISIL A4+    800    Migrated from
                                                                              CRISIL A4+
(Issuer Not Cooperating)
P. Chandra Reddy and Co.               Inland/Import LOC CRISIL A4+    175    Migrated from
                                                                              CRISIL A4+
(Issuer Not Cooperating)
Railtrack Concrete Products Pvt Ltd    BG                CRISIL A4     10     Assigned
Railtrack Concrete Products Pvt Ltd    LOC               CRISIL A4     20     Assigned
Ramco Industries Ltd                   CP                CRISIL A1+    1000   Reaffirmed
Ratna Sagar Pvt Ltd                    Purchase Bill     CRISIL A2+    150    Reaffirmed
                                       Discounting
Sri Sai Krishna Constructions          BG                CRISIL A4+    190    Assigned
Standard Radiators Pvt Ltd             BG                CRISIL A3+    20     Reaffirmed
Standard Radiators Pvt Ltd             Inland/Import LOC CRISIL A3+    3      Reaffirmed
Suryodaya Infra Projects India Pvt Ltd BG                CRISIL A4+    180    Reaffirmed
Vivek Pharmachem India Ltd             BG                CRISIL A3+    100    Assigned






LONG TERM RATINGS:
-------------------
Ajab Singh and Company                 CC                CRISIL        180    Reaffirmed
                                                         B+/Stable
Ajara Health Care and Research Centre  Proposed LT Bk    CRISIL        100    Assigned
Pvt Ltd                                Loan Fac          B+/Stable
Ajara Health Care and Research Centre  TL                CRISIL        293    Assigned
Pvt Ltd                                                  B+/Stable
Ankur Scientific Energy Technologies   CC*               CRISIL        50     Reaffirmed
Pvt Ltd                                                  BBB-/Stable
*Interchangeble with LC, BG, Pre/post shipment credit
Ankur Scientific Energy Technologies   CC                CRISIL        45     Reaffirmed
Pvt Ltd                                                  BBB-/Stable
Ankur Scientific Energy Technologies   Proposed LT Bk    CRISIL        1      Reaffirmed
Pvt Ltd                                Loan Fac          BBB-/Stable
Aranthaangi Chemical Products Ltd      CC                CRISIL        70     -
                                                         BB/Stable
(Issuer Not Cooperating; Rating Migrated)
Aranthaangi Chemical Products Ltd      LT Loan           CRISIL        22     -
                                                         BB/Stable
(Issuer Not Cooperating; Rating Migrated)
Aranthaangi Chemical Products Ltd      Proposed LT Bk    CRISIL        28.6   -
                                       Loan Fac          BB/Stable
(Issuer Not Cooperating; Rating Migrated)
ARK Industries Pvt Ltd                 CC                CRISIL D      200    Downgraded
                                                                              from CRISIL
                                                                              BB+/Stable
Ashutosh Foods                         CC                CRISIL D      440    Downgraded
                                                                              from CRISIL
                                                                              BB-/Stable
(Issuer Not Cooperating)
Avadh Alloys Pvt Ltd                   CC                -             69.8   Withdrawn
(Rating Reaffirmed and Withdrawn)
Avatar Solar Pvt Ltd                   TL                CRISIL        240    Migrated from
                                                         BB+/Stable           CRISIL
                                                                              BBB/Stable
(Issuer Not Cooperating)
Baba Batuknath Rice Mill               CC                CRISIL        2      -
                                                         B/Stable
(Issuer Not Cooperating; Rating Migrated)
Baba Batuknath Rice Mill               LT Bk Fac         CRISIL        38     -
                                                         B/Stable
(Issuer Not Cooperating; Rating Migrated)
Baba Batuknath Rice Mill               Proposed LT Bk    CRISIL        50     -
                                       Loan Fac          B/Stable
(Issuer Not Cooperating; Rating Migrated)
Bai-Kakaji Aquasure Solutions Pvt Ltd  CC                CRISIL        50     Assigned
                                                         BB/Stable
Bai-Kakaji Aquasure Solutions Pvt Ltd  TL                CRISIL        77.5   Assigned
                                                         BB/Stable
Bai-Kakaji Polymers Pvt Ltd            CC                CRISIL        90     Assigned
                                                         BB+/Stable
Bai-Kakaji Polymers Pvt Ltd            LT Loan           CRISIL        82.5   Assigned
                                                         BB+/Stable
Bhavik Polymers Pvt Ltd                CC                CRISIL        75     Reaffirmed
                                                         B+/Stable
Bhiwadi Cylinders Pvt Ltd              TL                -             15     Withdrawn
Chinar Forge Ltd                       CC                -             240    Withdrawn
(Issuer Not Cooperating)
Chinar Forge Ltd                       LT Loan           -             122    Withdrawn
(Issuer Not Cooperating)
Chinar Forge Ltd                       Non-FBL           -             78     Withdrawn
(Issuer Not Cooperating)
Coromandel International Ltd           CC@@              CRISIL        7500   Reaffirmed
                                                         AA+/Stable
@@ Fully interchangeable with short term loan and non-letter of credit reimbursement finance
(NLRF) limit up to Rs. 500 crore.
Coromandel International Ltd           CC$$              CRISIL        6500   Reaffirmed
                                                         AA+/Stable
$$ Interchangeable with short term loan and non-fund based limits up to Rs. 400 crore.
Coromandel International Ltd           CC$               CRISIL        500    Reaffirmed
                                                         AA+/Stable
$ Fully interchangeable with letter of credit limits
Coromandel International Ltd           CC%%              CRISIL        5000   Reaffirmed
                                                         AA+/Stable
%% Limits sanctioned USD 70 Million. Fully interchangeable with letter of credit, bank
guarantee, short term loan and buyers credit
Coromandel International Ltd           CC#               CRISIL        800    Reaffirmed
                                                         AA+/Stable
#Limits sanctioned Rs 80 crores under corporate commercial card
Coromandel International Ltd           LOC & BG1         CRISIL        8000   Reaffirmed
                                                         AA+/Stable
(1) Fully interchangeable with fund based facility/buyers credit upto Rs. 800 crore and
interchangeable with bank guarantee limit up to Rs. 400 crore and overdraft limits upto 10 crore
Coromandel International Ltd           Proposed FB Bk    CRISIL        1000   Reaffirmed
                                       Limits            AA+/Stable
Coromandel International Ltd           WC Demand Loan*   CRISIL        1000   Reaffirmed
                                                         AA+/Stable
* Fully interchangeable with LC, SBLC and interchangeable with CC
D M Corporation                        Inland/Import LOC -             400    Withdrawn
D M Corporation                        Proposed LOC      -             100    Withdrawn
Datta Meghe Institute of Medical       Drop Line         CRISIL        200    Reaffirmed
Sciences                               Overdraft Fac     BB+/Stable
Datta Meghe Institute of Medical       Fund & NFBL       CRISIL        160    Reaffirmed
Sciences                                                 BB+/Stable
Datta Meghe Institute of Medical       LT Loan           CRISIL        725    Reaffirmed
Sciences                                                 BB+/Stable
Delta Iron and Steel Company Pvt Ltd   CC                CRISIL D      377.5  Downgraded
                                                                              from CRISIL
                                                                              BB+/Stable
Digispice Technologies Ltd             Proposed LT Bk    CRISIL        175    Assigned
                                       Loan Fac          BB/Stable
Digispice Technologies Ltd             CC                CRISIL        100    Assigned
                                                         BB/Stable
Digispice Technologies Ltd             Bill Discounting  CRISIL        150    Assigned
                                                         BB/Stable
E - Way Gallery                        CC                -             35     Withdrawn
(Issuer Not Cooperating)
E - Way Gallery                        Proposed CC Limit -             25     Withdrawn
(Issuer Not Cooperating)
Efftronics Systems Pvt Ltd             BG                -             85     Withdrawn
(Issuer Not Cooperating)
Efftronics Systems Pvt Ltd             CC                -             160    Withdrawn
(Issuer Not Cooperating)
Elecon Conductors Ltd                  BG*               -             30     Withdrawn
*Sub-limit of Letter of Credit of Rs 1 crore
Elecon Conductors Ltd                  CC                -             90     Withdrawn
Enes Textile Mills                     CC                CRISIL        750    Reaffirmed
                                                         A+/Stable
Excellent Moulders                     CC                CRISIL        60     Assigned
                                                         BB+/Stable
Fine Organics                          Export Packing    -             110    Withdrawn
                                       Credit
(Issuer Not Cooperating)
Fine Organics                          Foreign Bill      -             110    Withdrawn
                                       Purchase
(Issuer Not Cooperating)
Fine Organics                          Foreign Exchange  -             7.2    Withdrawn
                                       Forward
(Issuer Not Cooperating)
Fine Organics                          LOC               -             40     Withdrawn
(Issuer Not Cooperating)
Fine Organics                          Proposed LT Bk    -             32.8   Withdrawn
                                       Loan Fac
(Issuer Not Cooperating)
Fine Organics                          Standby Line of   -             30     Withdrawn
                                       Credit
(Issuer Not Cooperating)
Goel Traders                           BG                -             50     Withdrawn
(Issuer Not Cooperating)
Goel Traders                           CC                -             20     Withdrawn
(Issuer Not Cooperating)
Happy Home Developers                  TL                -             750    Withdrawn
(Issuer Not Cooperating)
Jai Bhawani Trading Co.                CC                -             57     Withdrawn
(Issuer Not Cooperating; Rating Migrated)
Jai Bhawani Trading Co.                Proposed LT Bk    -             23     Withdrawn
                                       Loan Fac
(Issuer Not Cooperating; Rating Migrated)
Jawaharlal Nehru Port Trust            External          CRISIL        26800  Reaffirmed
                                       Commercial        AAA/Stable
                                       Borrowings#
#Equivalent to USD 400 million. 1 USD=INR 67
Jawaharlal Nehru Port Trust            TFB*              CRISIL        20000  Reaffirmed
                                                         AAA/Stable
* Non-convertible tax-free bond
Jeeban Suraksha Hospital Pvt Ltd       TL                CRISIL        40     Assigned
                                                         BB-/Stable
Jeeban Suraksha Hospital Pvt Ltd       CC                CRISIL        2      Assigned
                                                         BB-/Stable
Jeeban Suraksha Hospital Pvt Ltd       Proposed LT Bk    CRISIL        83     Assigned
                                       Loan Fac          BB-/Stable
Jerusalem Educational Trust            TL                CRISIL        175    -
                                                         BB+/Stable
(Issuer Not Cooperating; Rating Migrated)
JM Financial Services Ltd              Overdraft         CRISIL        1646.3 Reaffirmed
                                                         AA/Stable
Joy Mahaprovu Cold Storage Pvt Ltd     CC                CRISIL        39.9   Assigned
                                                         B+/Stable
Joy Mahaprovu Cold Storage Pvt Ltd     Proposed LT Bk    CRISIL        54.1   Assigned
                                       Loan Fac          B+/Stable
Joy Mahaprovu Cold Storage Pvt Ltd     WC Loan           CRISIL        10     Assigned
                                                         B+/Stable
Kamlesh Greencrete Pvt Ltd             Proposed CC Limit CRISIL        20     Assigned
                                                         B/Stable
Kamlesh Greencrete Pvt Ltd             Proposed TL       CRISIL        50     Assigned
                                                         B/Stable
Kanchan International                  Export Packing    -             80     Withdrawn
                                       Credit
(Rating reaffirmed and Withdrawn)
Kay Kay Trading Co.                    BG                -             50     Withdrawn
(Issuer Not Cooperating)
Kay Kay Trading Co.                    CC                -             70     Withdrawn
(Issuer Not Cooperating)
Kay Kay Trading Co.                    Proposed LT Bk    -             80     Withdrawn
                                       Loan Fac
(Issuer Not Cooperating)
Kaziranga Tea Industry                 Rupee TL          CRISIL        13.1   Assigned
                                                         B+/Stable
Kaziranga Tea Industry                 CC                CRISIL        11     Assigned
                                                         B+/Stable
Kaziranga Tea Industry                 Proposed FB Bk    CRISIL        70.9   Assigned
                                       Limits            B+/Stable
Kingswood Industries Pvt Ltd           CC                -             400    Withdrawn
(Issuer Not Cooperating)
M. G. Wadhwani                         CC                CRISIL        25     Assigned
                                                         BB-/Stable
Maa Banbhori International             TL                CRISIL        50     Assigned
                                                         BB-/Stable
Maa Banbhori International             CC                CRISIL        20     Assigned
                                                         BB-/Stable
Maa Banbhori International             Proposed FB Bk    CRISIL        10     Assigned
                                       Limits            BB-/Stable
Mahindra Lifespace Developers Ltd      Proposed FB Bk    CRISIL AA     1000   Assigned
                                       Limits
Mahindra Lifespace Developers Ltd      NCD               CRISIL        2000   Withdrawn
                                                         AA/Stable
Malvika Technical Services             CC                CRISIL        7.5    Assigned
                                                         BB-/Stable
Malvika Technical Services             Proposed LT Bk    CRISIL        1.5    Assigned
                                       Loan Fac          BB-/Stable
Mundeshwari Construction               CC                CRISIL        5      Migrated from
                                                         B+/Stable            CRISIL
                                                                              BB+/Stable
(Issuer Not Cooperating)
Mundeshwari Construction               Proposed FB Bk    CRISIL        60     Migrated from
                                       Limits            B+/Stable            CRISIL
                                                                              BB+/Stable
(Issuer Not Cooperating)
MYK Arment Pvt Ltd                     CC                CRISIL        230    Reaffirmed
                                                         BBB-/Positive
(Outlook revised from 'Stable' and rating reaffirmed)
MYK Arment Pvt Ltd                     Proposed LT Bk    CRISIL        25     Reaffirmed
                                       Loan Fac          BBB-/Positive
(Outlook revised from 'Stable' and rating reaffirmed)
MYK Arment Pvt Ltd                     TL                CRISIL        5      Reaffirmed
                                                         BBB-/Positive
(Outlook revised from 'Stable' and rating reaffirmed)
Novus Green Energy Systems Ltd         BG                -             110    Withdrawn
(Issuer Not Cooperating)
Novus Green Energy Systems Ltd         CC                -             140    Withdrawn
(Issuer Not Cooperating)
Olympic Decor LLP                      CC                CRISIL        150    Reaffirmed
                                                         BBB+/Stable
(Outlook revised from 'Positive' and rating reaffirmed)
Olympic Decor LLP                      Rupee TL          CRISIL        48     Reaffirmed
                                                         BBB+/Stable
(Outlook revised from 'Positive' and rating reaffirmed)
P. Chandra Reddy and Co.               Secured Overdraft CRISIL        75     Migrated from
                                       Fac               BB/Stable            CRISIL
                                                                              BB/Stable
(Issuer Not Cooperating)
P. Das Infrastructures                 BG                -             150    Withdrawn
(Issuer Not Cooperating)
P. Das Infrastructures                 CC                -             40     Withdrawn
(Issuer Not Cooperating)
Pramara Promotions Pvt Ltd             Bill Discounting  CRISIL        72     Downgraded
                                                         BB+/Stable           from CRISIL
                                                                              BBB-/Negative
Pramara Promotions Pvt Ltd             CC                CRISIL        122    Downgraded
                                                         BB+/Stable           from CRISIL
                                                                              BBB-/Negative
Pramara Promotions Pvt Ltd             Overdraft         CRISIL        26     Downgraded
                                                         BB+/Stable           from CRISIL
                                                                              BBB-/Negative
Premier Engineers                      CC                -             10     Withdrawn
(Issuer Not Cooperating)
Premier Engineers                      LOC               -             40     Withdrawn
(Issuer Not Cooperating)
Premier Engineers                      Proposed LT Bk    -             10     Withdrawn
                                       Loan Fac
(Issuer Not Cooperating)
Premier Engineers                      TL                -             25     Withdrawn
(Issuer Not Cooperating)
Pulimoottil Silks Thrissur             CC                -             60     Withdrawn
(Issuer Not Cooperating)
Pulimoottil Silks Thrissur             TL                -             20     Withdrawn
(Issuer Not Cooperating)
Railtrack Concrete Products Pvt Ltd    CC                CRISIL        35     Assigned
                                                         B/Stable
Railtrack Concrete Products Pvt Ltd    Proposed LT Bk    CRISIL        5      Assigned
                                       Loan Fac          B/Stable
Rajsriya Automotive Industries Pvt Ltd Bill Discounting  CRISIL        800    Reaffirmed
                                                         A/Stable
Rajsriya Automotive Industries Pvt Ltd CC                CRISIL        170    Reaffirmed
                                                         A/Stable
Rajsriya Automotive Industries Pvt Ltd LT Loan           CRISIL        264    Reaffirmed
                                                         A/Stable
Ratna Sagar Pvt Ltd                    CC                CRISIL        600    Reaffirmed
                                                         A-/Stable
Ratna Sagar Pvt Ltd                    Proposed FB Bk    CRISIL        15     Reaffirmed
                                       Limits            A-/Stable
RGR Knit Wear                          BG                -             15     Withdrawn
(Issuer Not Cooperating; Rating Migrated)
RGR Knit Wear                          CC                -             35     Withdrawn
(Issuer Not Cooperating; Rating Migrated)
RGR Knit Wear                          Proposed LT Bk    -             10     Withdrawn
                                       Loan Fac
(Issuer Not Cooperating; Rating Migrated)
Ritika Packaging Pvt Ltd               CC                -             20     Withdrawn
Ritika Packaging Pvt Ltd               Proposed LT Bk    -             10     Withdrawn
                                       Loan Fac
Ritika Packaging Pvt Ltd               TL                -             45     Withdrawn
Roop Ram Industries Pvt Ltd            LT Loan           CRISIL        280    Reaffirmed
                                                         B-/Stable
Roop Ram Industries Pvt Ltd            Proposed LT Bk    CRISIL        30     Reaffirmed
                                       Loan Fac          B-/Stable
S.S. Industries - Hinganghat           CC                CRISIL        62.5   Upgraded from
                                                         BB/Stable            CRISIL
                                                                              BB-/Stable
S.S. Industries - Hinganghat           Proposed WC Fac   CRISIL        17.5   Upgraded from
                                                         BB/Stable            CRISIL
                                                                              BB-/Stable
Sai Computers Ltd                      BG                -             150    Withdrawn
(Issuer Not Cooperating)
Sai Computers Ltd                      Bill Discounting  -             1.8    Withdrawn
(Issuer Not Cooperating)
Sai Computers Ltd                      CC                -             150    Withdrawn
(Issuer Not Cooperating)
Sai Computers Ltd                      LOC               -             30     Withdrawn
(Issuer Not Cooperating)
Sai Computers Ltd                      TL                -             7.5    Withdrawn
(Issuer Not Cooperating)
Sanco Industries Ltd                   BG                CRISIL D      20     -
(Issuer Not Cooperating; Rating Migrated)
Sanco Industries Ltd                   CC                CRISIL D      275    -
(Issuer Not Cooperating; Rating Migrated)
Sanco Industries Ltd                   LOC               CRISIL D      184    -
(Issuer Not Cooperating; Rating Migrated)
Sanco Industries Ltd                   Proposed LT Bk    CRISIL D      11     -
                                       Loan Fac
(Issuer Not Cooperating; Rating Migrated)
Satya Constructions Pvt Ltd            LT Loan           CRISIL        191    -
                                                         B+/Stable
(Issuer Not Cooperating; Rating Migrated)
Satya Constructions Pvt Ltd            Proposed LT Bk    CRISIL        459    -
                                       Loan Fac          B+/Stable
(Issuer Not Cooperating; Rating Migrated)
Shree Murugan Modern Rice Mill - Erode CC                CRISIL        37     Assigned
                                                         B+/Stable
Shree Murugan Modern Rice Mill - Erode WC Fac            CRISIL        20     Assigned
                                                         B+/Stable
Shri Mahadev Silk Mills Pvt Ltd        CC                -             43     Withdrawn
(Issuer Not Cooperating)
Shri Mahadev Silk Mills Pvt Ltd        LT Loan           -             12.6   Withdrawn
(Issuer Not Cooperating)
Shri Mahadev Silk Mills Pvt Ltd        Proposed LT Bk    -             17.4   Withdrawn
                                       Loan Fac
(Issuer Not Cooperating)
Shubham Housing Development Finance Co.NCD               CRISIL        1000   Reaffirmed
Ltd                                                      A-/Stable
Siddhivinayak Distributors             CC                CRISIL        69     Reaffirmed
                                                         B+/Stable
Siddhivinayak Distributors             LT Loan           CRISIL        11     Reaffirmed
                                                         B+/Stable
SPI Cinemas Pvt Ltd                    TL                -             1750   Withdrawn
Sreedhareeyam Ayurvedic Medicines Pvt  TL                CRISIL        112.8  Assigned
Ltd                                                      BB+/Positive
Sreedhareeyam Ayurvedic Medicines Pvt  CC/ Overdraft Fac CRISIL        60     Assigned
Ltd                                                      BB+/Positive
Sreedhareeyam Ayurvedic Medicines Pvt  Corporate Loan    CRISIL        5      Assigned
Ltd                                                      BB+/Positive
SRG Apparels Ltd                       CC                -             50     Withdrawn
(Issuer Not Cooperating)
SRG Apparels Ltd                       Export Packing    -             450    Withdrawn
                                       Credit
(Issuer Not Cooperating)
SRG Apparels Ltd                       LOC               -             100    Withdrawn
(Issuer Not Cooperating)
SRG Apparels Ltd                       LT Loan           -             356.4  Withdrawn
(Issuer Not Cooperating)
SRG Apparels Ltd                       Post Shipment     -             270    Withdrawn
                                       Credit
(Issuer Not Cooperating)
Sri Lakshmi Vinaayaka Rice Industries  CC                -             100    Withdrawn
(Issuer Not Cooperating)
Sri Sai Krishna Constructions          Overdraft         CRISIL        150    Assigned
                                                         BB-/Stable
Sri Sai Krishna Raw & Boiled Rice Mill Proposed LT Bk    CRISIL        200    -
                                       Loan Fac          BB-/Stable
(Issuer Not Cooperating; Rating Migrated)
Srijan Realty Pvt Ltd                  Loan Against      CRISIL        461.2  Migrated from
                                       Property          BB+/Stable           CRISIL
                                                                              BBB+/Positive
(Issuer Not Cooperating)
Srijan Realty Pvt Ltd                  Overdraft         CRISIL        176.3  Migrated from
                                                         BB+/Stable           CRISIL
                                                                              BBB+/Positive
(Issuer Not Cooperating)
Srijan Realty Pvt Ltd                  Proposed LT Bk    CRISIL        686    Migrated from
                                       Loan Fac          BB+/Stable           CRISIL
                                                                              BBB+/Positive
(Issuer Not Cooperating)
Srijan Realty Pvt Ltd                  TL                CRISIL        176.5  Migrated from
                                                         BB+/Stable           CRISIL
                                                                              BBB+/Positive
(Issuer Not Cooperating)
Standard Radiators Pvt Ltd             CC                CRISIL        175    Reaffirmed
                                                         BBB/Stable
Standard Radiators Pvt Ltd             TL                CRISIL        173.8  Reaffirmed
                                                         BBB/Stable
Sudhamoy Agro Industry Pvt Ltd         CC                CRISIL        35     Reaffirmed
                                                         B/Stable
Sudhamoy Agro Industry Pvt Ltd         Proposed CC Limit CRISIL        57     Reaffirmed
                                                         B/Stable
Sudhamoy Agro Industry Pvt Ltd         Proposed TL       CRISIL        90     Reaffirmed
                                                         B/Stable
Sudhamoy Agro Industry Pvt Ltd         TL                CRISIL        10     Reaffirmed
                                                         B/Stable
Sumitomo Chemical India Ltd            Proposed WC Fac   CRISIL        2000   Assigned
                                                         AA/Stable
Sunny Home Care Pvt Ltd                TL                CRISIL        120    Assigned
                                                         BB/Stable
Suryodaya Infra Projects India Pvt Ltd CC                CRISIL        70     Reaffirmed
                                                         BB+/Stable
Umri Pooph Pratappur Tollway Pvt Ltd   Proposed LT Bk    CRISIL        4.2    Assigned
                                       Loan Fac          BB+/Stable
Umri Pooph Pratappur Tollway Pvt Ltd   TL                CRISIL        595.8  Assigned
                                                         BB+/Stable
Vivek Pharmachem India Ltd             TL                CRISIL        82.9   Assigned
                                                         BBB/Stable
Vivek Pharmachem India Ltd             Proposed LT Bk    CRISIL        217.1  Assigned
                                       Loan Fac          BBB/Stable
Vivek Pharmachem India Ltd             CC                CRISIL        400    Assigned
                                                         BBB/Stable
Xplore-Tech Services Pvt Ltd           Foreign Currency  CRISIL        480    Reaffirmed
                                       TL                BBB+/Stable
Xplore-Tech Services Pvt Ltd           Proposed WC Fac   CRISIL        120    Reaffirmed
                                                         BBB+/Stable
Zenith Industrial Rubber Products Pvt  CC                -             250    Withdrawn
Ltd
Zenith Industrial Rubber Products Pvt  Export Packing    -             400    Withdrawn
Ltd                                    Credit
Zenith Industrial Rubber Products Pvt  External          -             478    Withdrawn
Ltd                                    Commercial
                                       Borrowings
Zenith Industrial Rubber Products Pvt  LOC               -             100    Withdrawn
Ltd
Zenith Industrial Rubber Products Pvt  Proposed LT Bk    -             68     Withdrawn
Ltd                                    Loan Fac
Zenith Industrial Rubber Products Pvt  Standby Line of   -             30     Withdrawn
Ltd                                    Credit

--------------------------------------------------------------------------------------------
$: 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)
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