Dec 23 - Below are the ratings awarded by Credit Rating Information Service of India
(CRISIL) for local debt instruments as of December 22, 2020.
COMPANY INSTRUMENT RATING AMOUNT MOVEMENT
(RS.MLN)
------ ---------- ------ ----- ---------
SHORT TERM RATINGS:
-------------------
A. K. Mehta & Co. BG CRISIL A4 90 Reaffirmed
(Issuer Not Cooperating)
A.Adak And Co BG CRISIL A4 100 Reaffirmed
(Issuer Not Cooperating)
Akshay Enterprises - Mumbai Packing Credit CRISIL A4 100 Reaffirmed
(Issuer Not Cooperating)
Antique Marbonite Pvt Ltd ST Loan CRISIL A2+ 250 Assigned
Antique Marbonite Pvt Ltd LOC CRISIL A2+ 270 Assigned
Balaji Associates - Nagpur BG CRISIL A4+ 50 Reaffirmed
Blizzard Vitrified LLP BG CRISIL A4 22.5 Reaffirmed
Cheran Spinner Pvt Ltd LOC CRISIL A3+ 50 Reaffirmed
Citicorp Finance (India) Ltd ST Bk Fac CRISIL A1+ 5000 Reaffirmed
Citicorp Finance (India) Ltd ST Deposit CRISIL A1+ 20000 Reaffirmed
Citicorp Finance (India) Ltd CP CRISIL A1+ 40000 Reaffirmed
Citicorp Finance (India) Ltd ST Debt Programme CRISIL A1+ 10000 Withdrawn
Creaative Powertech Pvt Ltd LOC CRISIL A4 6 Reaffirmed
Eastman Impex Foreign Exchange CRISIL A4+ 20 Reaffirmed
Forward
Eastman Impex LOC CRISIL A4+ 190 Reaffirmed
Eastman Impex Standby Line of CRISIL A4+ 20 Assigned
Credit
Economic Explosives Ltd LOC & BG CRISIL A1+ 486 Reaffirmed
Economic Explosives Ltd LOC & BG# CRISIL A1+ 498.4 Reaffirmed
(#Interchangeable with other non-fund based facilities)
Fratelli Wines Pvt Ltd BG CRISIL A4+ 36 Reaffirmed
(Issuer Not Cooperating)
Futuristic Educational Society Overdraft CRISIL A3 40 Reaffirmed
Goldman Sachs India Securities Pvt Ltd CP CRISIL A1+ 20000 Reaffirmed
Grip Engineers Pvt Ltd BG CRISIL A4+ 170 Reaffirmed
(Issuer Not Cooperating)
Grip Engineers Pvt Ltd LOC CRISIL A4+ 40 Reaffirmed
(Issuer Not Cooperating)
Guru Raghavendra Infrastructures BG CRISIL A4+ 200 Reaffirmed
(Issuer Not Cooperating)
Guru Raghavendra Infrastructures Inland/Import LOC CRISIL A4+ 100 Reaffirmed
(Issuer Not Cooperating)
H. R. Power Projects Pvt Ltd BG CRISIL A4 50 Reaffirmed
(Issuer Not Cooperating)
H. R. Power Projects Pvt Ltd LOC CRISIL A4 70 Reaffirmed
(Issuer Not Cooperating)
Hal-Ko-Infra Projects BG CRISIL A4 40 Reaffirmed
Header Systems India Ltd BG CRISIL A4+ 42.6 Reaffirmed
(Issuer Not Cooperating)
HRS Process Systems Ltd BG CRISIL A3+ 200 Reaffirmed
HRS Process Systems Ltd LOC CRISIL A3+ 50 Reaffirmed
Ideal Chemicals India Pvt Ltd BG CRISIL A4 30 Reaffirmed
(Issuer Not Cooperating)
J P Aviation Services Pvt Ltd BG CRISIL A4+ 100 Reaffirmed
(Issuer Not Cooperating)
J. P. C. Enterprises BG CRISIL A4+ 20 Reaffirmed
(Issuer Not Cooperating)
J. P. C. Enterprises Project Loan CRISIL A4+ 30 Reaffirmed
(Issuer Not Cooperating)
Janani International Pvt Ltd Foreign Bill CRISIL A4+ 50 Reaffirmed
Discounting
(Issuer Not Cooperating)
Janani International Pvt Ltd Packing Credit CRISIL A4+ 40 Reaffirmed
(Issuer Not Cooperating)
Janani International Pvt Ltd Standby LOC CRISIL A4+ 18 Reaffirmed
(Issuer Not Cooperating)
Karthik Enterprises BG CRISIL A4+ 118 Reaffirmed
(Issuer Not Cooperating)
Kochar Rice Exim Pvt Ltd Packing Credit CRISIL A4 19 Reaffirmed
(Issuer Not Cooperating)
KTL Pvt Ltd BG CRISIL A4+ 40 Reaffirmed
Lhasa Hotel & Restaurant Overdraft CRISIL A4 58 Reaffirmed
(Issuer Not Cooperating)
Livolla Granito LLP BG CRISIL A4+ 24 Reaffirmed
(Issuer Not Cooperating)
Loknath Rice Mill BG CRISIL A4+ 30 Reaffirmed
(Issuer Not Cooperating)
M. G. Jaijith BG CRISIL A4+ 30 Reaffirmed
(Issuer Not Cooperating)
M. G. Jaijith Overdraft CRISIL A4+ 70 Reaffirmed
(Issuer Not Cooperating)
M.R. Hi-Tech Engineers Pvt Ltd BG CRISIL A4+ 55 Reaffirmed
(Issuer Not Cooperating)
Maharaja Rice Products BG CRISIL A4 10 Reaffirmed
(Issuer Not Cooperating)
Maharaja Rice Products Proposed BG CRISIL A4 30 Reaffirmed
(Issuer Not Cooperating)
Maithon Power Ltd CP CRISIL A1+ 4500 Reaffirmed
Malkani Alloys BG CRISIL A4+ 5 Reaffirmed
(Issuer Not Cooperating)
Master Linens Inc. Packing Credit CRISIL A4+ 140 Reaffirmed
MB Ispat Corporation Ltd BG CRISIL A4+ 2.5 Reaffirmed
(Issuer Not Cooperating)
Mehr Image Pvt Ltd BG CRISIL A4+ 3.7 Reaffirmed
(Issuer Not Cooperating)
Mehr Image Pvt Ltd Inland/Import LOC CRISIL A4+ 10 Reaffirmed
(Issuer Not Cooperating)
Model Tanners Foreign Bill CRISIL A4+ 30 Reaffirmed
Exchange
Modtech Material Handling Projects Pvt BG CRISIL A4+ 50 Reaffirmed
Ltd
(Issuer Not Cooperating)
Modtech Material Handling Projects Pvt LOC CRISIL A4+ 30 Reaffirmed
Ltd
(Issuer Not Cooperating)
Modtech Material Handling Projects Pvt Proposed NFBL CRISIL A4+ 91 Reaffirmed
Ltd
(Issuer Not Cooperating)
Mulamoottil Construction BG CRISIL A4+ 55 Reaffirmed
(Issuer Not Cooperating)
Muthoot Microfin Ltd CP CRISIL A1 500 -
N. S. Precision Works Pvt Ltd LOC CRISIL A4+ 8.6 Reaffirmed
Nano Kernel Ltd BG CRISIL A4+ 5 Reaffirmed
Naran Lala Pvt Ltd BG CRISIL A4+ 50 Reaffirmed
(Issuer Not Cooperating)
Naran Lala Pvt Ltd Proposed BG CRISIL A4+ 150 Reaffirmed
(Issuer Not Cooperating)
National Steel Suppliers BG CRISIL A4 60 Reaffirmed
(Issuer Not Cooperating)
Northern Tannery LOC CRISIL A4+ 10 Reaffirmed
(Issuer Not Cooperating)
Northern Tannery Packing Credit in CRISIL A4+ 40 Reaffirmed
Foreign Currency
(Issuer Not Cooperating)
Padma Plywood Pvt Ltd BG CRISIL A4+ 1.2 Reaffirmed
(Issuer Not Cooperating)
Premsons And Poddars Trucking Company Overdraft CRISIL A4 4.1 Reaffirmed
LLP
PSV Mines And Minerals Pvt Ltd Overdraft CRISIL A4+ 12.5 Reaffirmed
Ram Pravesh Rai Estate Pvt Ltd BG CRISIL A4+ 127.2 Reaffirmed
S S Multi Services BG CRISIL A4+ 100 Reaffirmed
(Issuer Not Cooperating)
S S Multi Services Overdraft CRISIL A4+ 10 Reaffirmed
(Issuer Not Cooperating)
S. M. Shankarrao Mohite Patil S. S. K. ST Loan CRISIL A4 62.8 Reaffirmed
Ltd
Sami-Sabinsa Group Ltd Export Packing CRISIL A1+ 1240 Reaffirmed
Credit
Sami-Sabinsa Group Ltd LOC CRISIL A1+ 60 Reaffirmed
Sanghvi International Inland/Import LOC CRISIL A4+ 20 Reaffirmed
Seafood Innovations Packing Credit CRISIL A4 25 Reaffirmed
(Issuer Not Cooperating)
Seenaiah Educational Society Overdraft CRISIL A3 25 Reaffirmed
Shradha Apparels Worldwide Foreign Bill CRISIL A4 20 Reaffirmed
Negotiation
(Issuer Not Cooperating)
Shri Gautam Shipbreaking Industries Pvt Foreign Exchange CRISIL A4+ 30 Reaffirmed
Ltd Forward
(Issuer Not Cooperating)
Shri Gautam Shipbreaking Industries Pvt LOC CRISIL A4+ 600 Reaffirmed
Ltd
(Issuer Not Cooperating)
Shrine Engineering Pvt Ltd BG CRISIL A4 35 Reaffirmed
(Issuer Not Cooperating)
Siddhartha Electrotec And Trading Pvt LOC CRISIL A4 65 Reaffirmed
Ltd
(Issuer Not Cooperating)
Solar Industries India Ltd LOC & BG CRISIL A1+ 1480 Reaffirmed
Solar Industries India Ltd CP CRISIL A1+ 500 Reaffirmed
Sparco Multiplast Pvt Ltd BG CRISIL A4+ 28.9 Reaffirmed
(Migrated from 'CRISIL A4+ ISSUER NOT COOPERATING')
Spark Electricals & Projects Pvt Ltd BG CRISIL A4+ 27 Reaffirmed
(Issuer Not Cooperating)
SRSC Infra Pvt Ltd BG CRISIL A3 500 -
(Migrated from 'CRISIL A4+ ISSUER NOT COOPERATING')
SRSC Infra Pvt Ltd Proposed BG CRISIL A3 300 -
(Migrated from 'CRISIL A4+ ISSUER NOT COOPERATING')
ST. George Electronica Pvt Ltd Overdraft CRISIL A4 204.5 Reaffirmed
(Issuer Not Cooperating)
Suman Forwarding Agency Pvt Ltd BG CRISIL A4+ 10 Reaffirmed
(Issuer Not Cooperating)
TATA AutoComp Hendrickson Suspensions BG** CRISIL A1+ 120 Reaffirmed
Pvt Ltd
(** Interchangeable with Letter of Credit)
Traco Cable Co. Ltd BG CRISIL A4 68 Reaffirmed
Traco Cable Co. Ltd LOC CRISIL A4 226.5 Reaffirmed
Vishva Electrotech Ltd LOC CRISIL A4+ 150 Reaffirmed
LONG TERM RATINGS:
-------------------
A. K. Mehta & Co. WC Fac CRISIL 17.5 Reaffirmed
B+/Stable
(Issuer Not Cooperating)
A.Adak And Co CC CRISIL 10 Reaffirmed
B+/Stable
(Issuer Not Cooperating)
Aaryan Lamifab Pvt Ltd CC CRISIL 65 Reaffirmed
BB-/Stable
(Issuer Not Cooperating)
Aaryan Lamifab Pvt Ltd Proposed LT Bk CRISIL 185 Reaffirmed
Loan Fac BB-/Stable
(Issuer Not Cooperating)
ABP Affordable Housing Proposed LT Bk CRISIL 200 Reaffirmed
Loan Fac BB/Stable
(Issuer Not Cooperating)
Accurate PMS Pvt Ltd CC CRISIL 10 Reaffirmed
B+/Stable
(Issuer Not Cooperating)
Accurate PMS Pvt Ltd Proposed LT Bk CRISIL 35 Reaffirmed
Loan Fac B+/Stable
(Issuer Not Cooperating)
Adarsh Food Products Pvt Ltd CC CRISIL 100 Reaffirmed
BB-/Stable
Adarsh Food Products Pvt Ltd Proposed CC Limit CRISIL 20 Reaffirmed
BB-/Stable
Agarwal Motor Company Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Ajita Sil-Chem Pvt Ltd CC CRISIL 120 Reaffirmed
BB+/Stable
(Issuer Not Cooperating)
Ajita Sil-Chem Pvt Ltd LT Loan CRISIL 132.5 Reaffirmed
BB+/Stable
(Issuer Not Cooperating)
Ajita Sil-Chem Pvt Ltd Proposed BG CRISIL 37.5 Reaffirmed
BB+/Stable
(Issuer Not Cooperating)
Akanksha Automobiles Pvt Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Akshar Polypack LLP Proposed CC Limit CRISIL 30 Reaffirmed
B/Stable
(Issuer Not Cooperating)
Akshar Polypack LLP Proposed TL CRISIL 70 Reaffirmed
B/Stable
(Issuer Not Cooperating)
Allen Multi Trading Pvt Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Ambal Modern Rice Mill CC CRISIL 100 Reaffirmed
B+/Stable
(Issuer Not Cooperating)
Amplus Green Power Pvt Ltd Rupee TL CRISIL 950 Reaffirmed
A+/Positive
Amplus Green Power Pvt Ltd TL CRISIL 1000 Assigned
A+/Positive
Amplus KN Solar Pvt Ltd TL CRISIL 4940 Reaffirmed
AA/Stable
Amplus Power Solutions Pvt Ltd TL CRISIL 1280 Reaffirmed
AA/Stable
Amplus Solar Solutions Pvt Ltd LT Loan CRISIL 470 Reaffirmed
AA/Stable
Amplus Solar Solutions Pvt Ltd Proposed LT Bk CRISIL 10 Reaffirmed
Loan Fac AA/Stable
Anandeshwar Industries Pvt Ltd CC CRISIL 48.5 Reaffirmed
B/Stable
(Issuer Not Cooperating)
Anandeshwar Industries Pvt Ltd Proposed CC Limit CRISIL 48.5 Reaffirmed
B/Stable
(Issuer Not Cooperating)
Anandeshwar Industries Pvt Ltd TL CRISIL 9 Reaffirmed
B/Stable
(Issuer Not Cooperating)
Antique Marbonite Pvt Ltd CC CRISIL 550 Reaffirmed
A-/Stable
Antique Marbonite Pvt Ltd TL CRISIL 30 Assigned
A-/Stable
Aroma India Pvt Ltd TL - 108 Withdrawn
(Issuer Not Cooperating)
Arun Shivajirao Desai Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Asset Engineers Pvt Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
B&B Triplewall Containers Ltd CC CRISIL BBB 150 Reaffirmed
B&B Triplewall Containers Ltd Proposed CC Limit CRISIL BBB 30 Reaffirmed
B&B Triplewall Containers Ltd Proposed LT Bk CRISIL BBB 5 Reaffirmed
Loan Fac
B&B Triplewall Containers Ltd TL CRISIL BBB 215 Reaffirmed
Balaji Associates - Nagpur CC CRISIL 50 Reaffirmed
BB-/Stable
Balaji Associates - Nagpur TL CRISIL 100 Reaffirmed
BB-/Stable
Blizzard Vitrified LLP CC CRISIL 50 Reaffirmed
B+/Stable
Blizzard Vitrified LLP TL CRISIL 200 Reaffirmed
B+/Stable
Brij Rama Hospitality Pvt Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Cheran Spinner Pvt Ltd CC CRISIL 320 Reaffirmed
BBB/Stable
Cheran Spinner Pvt Ltd Proposed LT Bk CRISIL 38 Reaffirmed
Loan Fac BBB/Stable
Cheran Spinner Pvt Ltd TL CRISIL 225 Reaffirmed
BBB/Stable
Cheran Spinner Pvt Ltd WC TL CRISIL 27 Assigned
BBB/Stable
Chhaya - Lucknow Proposed LT Bk - 10 Withdrawn
Loan Fac
Citicorp Finance (India) Ltd LT Bk Fac CRISIL 2000 Reaffirmed
AAA/Stable
Citicorp Finance (India) Ltd NCD CRISIL 20000 Reaffirmed
AAA/Stable
Citicorp Finance (India) Ltd Commoptionally CRISIL PP-MLD 3000 Withdrawn
convertible AAAr/Stable
debentureity Linked Debentures
Citicorp Finance (India) Ltd Equity-Linked CRISIL PP-MLD 164.5 Withdrawn
Debentures AAAr/Stable
Creaative Powertech Pvt Ltd CC CRISIL 18 Reaffirmed
B+/Stable
Creaative Powertech Pvt Ltd LT Loan CRISIL 50.2 Reaffirmed
B+/Stable
Creaative Powertech Pvt Ltd Proposed LT Bk CRISIL 205.8 Reaffirmed
Loan Fac B+/Stable
Darbari Enterprises Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Diyan Papers LLP BG - 30 Withdrawn
(Issuer Not Cooperating)
Diyan Papers LLP CC - 150 Withdrawn
(Issuer Not Cooperating)
Diyan Papers LLP TL - 387.2 Withdrawn
(Issuer Not Cooperating)
Dolphin Footwear Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Eastman Impex Export Packing CRISIL 150 Reaffirmed
Credit BB+/Stable
Eastman Impex LT Loan CRISIL 15 Reaffirmed
BB+/Stable
Eastman Impex Proposed FB Bk CRISIL 365 Reaffirmed
Limits BB+/Stable
Easy Photovoltech Pvt Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Economic Explosives Ltd CC* CRISIL 300 Reaffirmed
AA+/Stable
(*Interchangeable with other fund-based facilities)
Economic Explosives Ltd CC^ CRISIL 220 Reaffirmed
AA+/Stable
(^Interchangeability to non-fund based facility)
Economic Explosives Ltd CC% CRISIL 650 Reaffirmed
AA+/Stable
(%Interchangeable with other fund-based facilities and non-fund based facility)
Economic Explosives Ltd TL CRISIL 1095.6 Assigned
AA+/Stable
Edelweiss Asset Management Ltd Bharat Bond ETF - CRISIL AAAmfs - Reaffirmed
April 2023
Edelweiss Asset Management Ltd Bharat Bond ETF - CRISIL AAAmfs - Reaffirmed
April 2030
Faujdar Construction Co. Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Fratelli Wines Pvt Ltd CC CRISIL 138 Reaffirmed
BB/Stable
(Issuer Not Cooperating)
Fratelli Wines Pvt Ltd LT Loan CRISIL 30 Reaffirmed
BB/Stable
(Issuer Not Cooperating)
Fratelli Wines Pvt Ltd Proposed CC Limit CRISIL 131.2 Reaffirmed
BB/Stable
(Issuer Not Cooperating)
Fratelli Wines Pvt Ltd Proposed TL CRISIL 30 Reaffirmed
BB/Stable
(Issuer Not Cooperating)
Fratelli Wines Pvt Ltd Proposed WC Fac CRISIL 34.8 Reaffirmed
BB/Stable
(Issuer Not Cooperating)
Futuristic Educational Society TL CRISIL 305 Reaffirmed
BBB-/Stable
G. L. D. Agri Foods CC CRISIL 120 Reaffirmed
B+/Stable
(Issuer Not Cooperating)
G. L. D. Agri Foods TL CRISIL 15 Reaffirmed
B+/Stable
(Issuer Not Cooperating)
Gindlani Rice Mill Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Gorakhpur Dugdh Utpadak Sahkari Sangh Secured Overdraft CRISIL 10 Reaffirmed
Ltd Fac B-/Stable
(Issuer Not Cooperating)
Gorakhpur Resources Ltd CC CRISIL 105 Reaffirmed
B+/Stable
(Issuer Not Cooperating)
Gorakhpur Resources Ltd LT Loan CRISIL 105 Reaffirmed
B+/Stable
(Issuer Not Cooperating)
Grip Engineers Pvt Ltd CC CRISIL 90 Reaffirmed
BB+/Stable
(Issuer Not Cooperating)
Gujarat Gas Ltd Non-FBL* CRISIL 600 Reaffirmed
AA+/Stable
(*Rs.0.05 crore interchangeable with fund based working capital limits)
Gujarat Gas Ltd Non-FBL CRISIL 6700 Reaffirmed
AA+/Stable
Gujarat Gas Ltd Proposed TL CRISIL 400 Assigned
AA+/Stable
Gujarat Gas Ltd TL CRISIL 15800 Assigned
AA+/Stable
Guru Raghavendra Infrastructures Secured Overdraft CRISIL 50 Reaffirmed
Fac BB/Stable
(Issuer Not Cooperating)
H. R. Power Projects Pvt Ltd CC CRISIL 120 Reaffirmed
B-/Stable
(Issuer Not Cooperating)
Hal-Ko-Infra Projects CC CRISIL B/Stable 22.5 Reaffirmed
Hanumant Construction Pvt Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Header Systems India Ltd CC CRISIL 60 Reaffirmed
BB-/Stable
(Issuer Not Cooperating)
Header Systems India Ltd TL CRISIL 24 Reaffirmed
BB-/Stable
(Issuer Not Cooperating)
Header Systems India Ltd WC Demand Loan CRISIL 8.4 Reaffirmed
BB-/Stable
(Issuer Not Cooperating)
Highlink Investment Pvt Ltd Warehouse Receipts CRISIL 300 Reaffirmed
B/Stable
(Issuer Not Cooperating)
HI-TECH AGRO FOOD Pvt Ltd CC CRISIL 82.5 Reaffirmed
B+/Stable
(Issuer Not Cooperating)
Hitech Global Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
HRS Process Systems Ltd CC CRISIL 125.3 Reaffirmed
BBB/Stable
HRS Process Systems Ltd Standby Line of CRISIL 12.5 Reaffirmed
Credit BBB/Stable
IBC Ltd BG CRISIL D 50 Reaffirmed
IBC Ltd CC CRISIL D 95 Reaffirmed
IBC Ltd Export Packing CRISIL D 300 Reaffirmed
Credit
IBC Ltd LOC CRISIL D 40 Reaffirmed
IBC Ltd LT Loan CRISIL D 90 Reaffirmed
IBC Ltd Proposed LT Bk CRISIL D 55 Reaffirmed
Loan Fac
Ideal Chemicals India Pvt Ltd CC CRISIL 130 Reaffirmed
B+/Stable
(Issuer Not Cooperating)
Ideal Chemicals India Pvt Ltd Proposed LT Bk CRISIL 70 Reaffirmed
Loan Fac B+/Stable
(Issuer Not Cooperating)
J P Aviation Services Pvt Ltd CC CRISIL 80 Reaffirmed
BB/Stable
(Issuer Not Cooperating)
J S Exim Pvt Ltd Proposed FB Bk CRISIL 760 Reaffirmed
Limits BB/Stable
(Issuer Not Cooperating)
J S Exim Pvt Ltd TL CRISIL 140 Reaffirmed
BB/Stable
(Issuer Not Cooperating)
J. J. International CC CRISIL D 35 Reaffirmed
(Issuer Not Cooperating)
J. J. International TL CRISIL D 25 Reaffirmed
(Issuer Not Cooperating)
J. P. C. Enterprises CC CRISIL 25 Reaffirmed
BB-/Stable
(Issuer Not Cooperating)
J. P. C. Enterprises Proposed WC Fac CRISIL 10 Reaffirmed
BB-/Stable
(Issuer Not Cooperating)
JAK Group Pvt Ltd Foreign Currency CRISIL 20 Reaffirmed
Term Loan BBB-/Stable
JAK Group Pvt Ltd Packing Credit CRISIL 400 Reaffirmed
BBB-/Stable
JAK Group Pvt Ltd Proposed LT Bk CRISIL 30 Reaffirmed
Loan Fac BBB-/Stable
Janani International Pvt Ltd Proposed TL CRISIL 42 Reaffirmed
BB-/Stable
(Issuer Not Cooperating)
Jarosniv Exports Pvt Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Karthik Enterprises Overdraft CRISIL 75 Reaffirmed
BB-/Stable
(Issuer Not Cooperating)
Karthik Enterprises TL CRISIL 7 Reaffirmed
BB-/Stable
(Issuer Not Cooperating)
Karthikeya Trading Pvt Ltd Foreign LOC CRISIL 115 Reaffirmed
B/Stable
(Issuer Not Cooperating)
Karthikeya Trading Pvt Ltd WC Fac CRISIL 5 Reaffirmed
B/Stable
(Issuer Not Cooperating)
Kay Bee Cotgin Pvt Ltd CC CRISIL D 70 Reaffirmed
(Issuer Not Cooperating)
KD Iron and Steel Company CC CRISIL 330 Reaffirmed
BBB+/Stable
KD Iron and Steel Company Proposed WC Fac CRISIL 90 Reaffirmed
BBB+/Stable
Kisan Ginning & Pressing CC CRISIL 37.5 Reaffirmed
B+/Stable
(Issuer Not Cooperating)
Kisan Ginning & Pressing Proposed LT Bk CRISIL 32.5 Reaffirmed
Loan Fac B+/Stable
(Issuer Not Cooperating)
Kisan Ginning & Pressing Rupee TL CRISIL 29.5 Reaffirmed
B+/Stable
(Issuer Not Cooperating)
Kochar Rice Exim Pvt Ltd CC CRISIL 25.4 Reaffirmed
B+/Stable
(Issuer Not Cooperating)
Kochar Rice Exim Pvt Ltd Foreign Bill CRISIL 20 Reaffirmed
Purchase B+/Stable
(Issuer Not Cooperating)
Kochar Rice Exim Pvt Ltd Proposed LT Bk CRISIL 55.6 Reaffirmed
Loan Fac B+/Stable
(Issuer Not Cooperating)
Krishna Global Industries CC CRISIL 52.5 Reaffirmed
B+/Stable
(Issuer Not Cooperating)
Krishna Global Industries Proposed LT Bk CRISIL 77.5 Reaffirmed
Loan Fac B+/Stable
(Issuer Not Cooperating)
KTL Pvt Ltd CC CRISIL 80 Reaffirmed
BB+/Stable
KTL Pvt Ltd Inventory Funding CRISIL 440 Reaffirmed
Fac BB+/Stable
KTL Pvt Ltd Proposed FB Bk CRISIL 670 Reaffirmed
Limits BB+/Stable
Kun United Car Trax Pvt Ltd Inventory Funding CRISIL 505 -
Fac BB+/Stable
(Upgraded from 'CRISIL BB/Stable')
Kun United Car Trax Pvt Ltd Proposed WC Fac CRISIL 195 -
BB+/Stable
(Upgraded from 'CRISIL BB/Stable')
Lakshmi Industrial Corporation - Rating Advisory - - -
Faridabad
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Lichchhwi Foods India Pvt Ltd CC CRISIL 80 Reaffirmed
B-/Stable
(Issuer Not Cooperating)
Lichchhwi Foods India Pvt Ltd Proposed LT Bk CRISIL 4.9 Reaffirmed
Loan Fac B-/Stable
(Issuer Not Cooperating)
Lichchhwi Foods India Pvt Ltd TL CRISIL 27.4 Reaffirmed
B-/Stable
(Issuer Not Cooperating)
Livolla Granito LLP TL CRISIL 216 Reaffirmed
BB/Stable
(Issuer Not Cooperating)
Loknath Rice Mill CC CRISIL 102 Reaffirmed
BB-/Stable
(Issuer Not Cooperating)
Loknath Rice Mill Proposed LT Bk CRISIL 48.2 Reaffirmed
Loan Fac BB-/Stable
(Issuer Not Cooperating)
M.R. Hi-Tech Engineers Pvt Ltd Secured Overdraft CRISIL 72.5 Reaffirmed
Fac BB/Stable
(Issuer Not Cooperating)
M.R. Hi-Tech Engineers Pvt Ltd TL CRISIL 10 Reaffirmed
BB/Stable
(Issuer Not Cooperating)
Mahalekshmi Silks CC CRISIL 75 Reaffirmed
BB/Stable
Mahalekshmi Silks Proposed LT Bk CRISIL 65 Reaffirmed
Loan Fac BB/Stable
Mahalekshmi Silks TL CRISIL 20 Reaffirmed
BB/Stable
Maharaja Rice Products CC CRISIL 5 Reaffirmed
B/Stable
(Issuer Not Cooperating)
Maharaja Rice Products TL CRISIL 34 Reaffirmed
B/Stable
(Issuer Not Cooperating)
Mahelka Motors Pvt Ltd CC CRISIL 33 Reaffirmed
B+/Stable
(Issuer Not Cooperating)
Mahelka Motors Pvt Ltd TL CRISIL 22 Reaffirmed
B+/Stable
(Issuer Not Cooperating)
Maithon Power Ltd TL - 2594 Withdrawn
Maithon Power Ltd Fund & NFBL%% CRISIL 4500 Reaffirmed
AA/Stable
(%%Interchangeable with non-fund-based limit of Rs 450 crore)
Maithon Power Ltd FB Fac CRISIL 250 Reaffirmed
AA/Stable
Maithon Power Ltd Non-FBL^^ CRISIL 1250 Reaffirmed
AA/Stable
(^^One way interchangeability to fund-based limit to the extent of Rs 25 crore)
Maithon Power Ltd Proposed LT Bk CRISIL 5440 Reaffirmed
Loan Fac AA/Stable
Maithon Power Ltd TL CRISIL 4720 Reaffirmed
AA/Stable
Maithon Power Ltd NCD CRISIL 2000 Assigned
AA/Stable
Maithon Power Ltd NCD CRISIL 5000 Reaffirmed
AA/Stable
Malkani Alloys CC CRISIL 15 Reaffirmed
BB-/Stable
(Issuer Not Cooperating)
Malkani Alloys Proposed LT Bk CRISIL 36.8 Reaffirmed
Loan Fac BB-/Stable
(Issuer Not Cooperating)
Malkani Alloys TL CRISIL 43.2 Reaffirmed
BB-/Stable
(Issuer Not Cooperating)
Mashkoor Cold Storage Pvt Ltd CC CRISIL 27 Reaffirmed
B/Stable
(Issuer Not Cooperating)
Mashkoor Cold Storage Pvt Ltd TL CRISIL 60 Reaffirmed
B/Stable
(Issuer Not Cooperating)
Master Linens Inc. CC/ Overdraft Fac CRISIL 80 Reaffirmed
BB-/Stable
Master Linens Inc. Fund & NFBL CRISIL 36.6 Reaffirmed
BB-/Stable
Master Linens Inc. Rupee TL CRISIL 25 Reaffirmed
BB-/Stable
Maxvel Realtech Pvt Ltd Proposed LT Bk CRISIL D 60 Reaffirmed
Loan Fac
(Issuer Not Cooperating)
Maxvel Realtech Pvt Ltd TL CRISIL D 140 Reaffirmed
(Issuer Not Cooperating)
MB Ispat Corporation Ltd CC CRISIL 112.5 Reaffirmed
BB-/Stable
(Issuer Not Cooperating)
Mehr Image Pvt Ltd Proposed LT Bk CRISIL 1.3 Reaffirmed
Loan Fac BB/Stable
(Issuer Not Cooperating)
Mehr Image Pvt Ltd Secured Overdraft CRISIL 30 Reaffirmed
Fac BB/Stable
(Issuer Not Cooperating)
MKC Infrastructure Ltd BG - 650 Withdrawn
(Issuer Not Cooperating)
MKC Infrastructure Ltd CC - 50 Withdrawn
(Issuer Not Cooperating)
MKC Infrastructure Ltd LOC & BG - 270 Withdrawn
(Issuer Not Cooperating)
MKC Infrastructure Ltd LT Loan - 10 Withdrawn
(Issuer Not Cooperating)
MKC Infrastructure Ltd Proposed LT Bk - 120 Withdrawn
Loan Fac
(Issuer Not Cooperating)
Model Tanners Packing Credit CRISIL 230 Reaffirmed
BB/Stable
Modtech Material Handling Projects Pvt CC CRISIL 13 Reaffirmed
Ltd BB+/Stable
(Issuer Not Cooperating)
Modtech Material Handling Projects Pvt Proposed FB Bk CRISIL 10 Reaffirmed
Ltd Limits BB+/Stable
(Issuer Not Cooperating)
Modtech Material Handling Projects Pvt TL CRISIL 6 Reaffirmed
Ltd BB+/Stable
(Issuer Not Cooperating)
M-Tek Engineers CC CRISIL 62 Reaffirmed
BB-/Stable
(Issuer Not Cooperating)
M-Tek Engineers TL CRISIL 18.6 Reaffirmed
BB-/Stable
(Issuer Not Cooperating)
Mulamoottil Construction CC CRISIL 47 Reaffirmed
BB-/Stable
(Issuer Not Cooperating)
Muthoot Automotive India Pvt Ltd Inventory Funding CRISIL 131.7 Reaffirmed
Fac B+/Stable
Muthoot Automotive India Pvt Ltd WC TL CRISIL 18.3 Reaffirmed
B+/Stable
Muthoot Microfin Ltd Proposed LT Bk CRISIL A/Stable 4661 Reaffirmed
Loan Fac
Muthoot Microfin Ltd TL CRISIL A/Stable 30339 Reaffirmed
Muthoot Microfin Ltd NCD CRISIL A/Stable 3000 -
Muthoot Microfin Ltd NCD CRISIL A/Stable 750 -
Muthoot Microfin Ltd NCD CRISIL A/Stable 400 -
Muthoot Microfin Ltd NCD CRISIL A/Stable 650 -
Muthoot Microfin Ltd NCD CRISIL A/Stable 700 -
Muthoot Microfin Ltd NCD CRISIL A/Stable 700 -
N. S. Precision Works Pvt Ltd Channel Financing CRISIL 25 Reaffirmed
BB/Stable
N. S. Precision Works Pvt Ltd Overdraft CRISIL 42 Reaffirmed
BB/Stable
N. S. Precision Works Pvt Ltd TL CRISIL 12 Reaffirmed
BB/Stable
N. S. Precision Works Pvt Ltd WC Fac CRISIL 12.4 Reaffirmed
BB/Stable
Nano Kernel Ltd Bill Discounting CRISIL 15 Reaffirmed
BB-/Stable
Nano Kernel Ltd CC CRISIL 30 Reaffirmed
BB-/Stable
Nano Kernel Ltd Proposed WC Fac CRISIL 22 Reaffirmed
BB-/Stable
Nano Kernel Ltd WC Demand Loan CRISIL 28 Reaffirmed
BB-/Stable
Naran Lala Pvt Ltd CC CRISIL 30 Reaffirmed
BB/Stable
(Issuer Not Cooperating)
Naran Lala Pvt Ltd Proposed CC Limit CRISIL 70 Reaffirmed
BB/Stable
(Issuer Not Cooperating)
Narbada Dairy Foods And Farms Pvt Ltd CC CRISIL D 10 Reaffirmed
(Issuer Not Cooperating)
Narbada Dairy Foods And Farms Pvt Ltd Proposed LT Bk CRISIL D 65 Reaffirmed
Loan Fac
(Issuer Not Cooperating)
Narbada Dairy Foods And Farms Pvt Ltd TL CRISIL D 79.4 Reaffirmed
(Issuer Not Cooperating)
Nation Exim CC CRISIL 85 Reaffirmed
B+/Stable
(Issuer Not Cooperating)
Nation Exim Warehouse Financing CRISIL 25 Reaffirmed
B+/Stable
(Issuer Not Cooperating)
National Steel Suppliers CC CRISIL 100 Reaffirmed
B/Stable
(Issuer Not Cooperating)
National Steel Suppliers CC/ Overdraft Fac CRISIL 100 Reaffirmed
B/Stable
(Issuer Not Cooperating)
Navnit Motors Pvt Ltd BG CRISIL 211.6 Reaffirmed
B+/Stable
(Issuer Not Cooperating)
Navnit Motors Pvt Ltd CC CRISIL 320 Reaffirmed
B+/Stable
(Issuer Not Cooperating)
Navnit Motors Pvt Ltd Inventory Funding CRISIL 2124 Reaffirmed
Fac B+/Stable
(Issuer Not Cooperating)
Navnit Motors Pvt Ltd Proposed LT Bk CRISIL 348.4 Reaffirmed
Loan Fac B+/Stable
(Issuer Not Cooperating)
Navnit Motors Pvt Ltd TL CRISIL 246 Reaffirmed
B+/Stable
(Issuer Not Cooperating)
Neysa Jewellery Ltd Bill Discounting - 17.8 Withdrawn
Neysa Jewellery Ltd Funded Interest TL- 58.1 Withdrawn
Neysa Jewellery Ltd Packing Credit - 134.7 Withdrawn
Neysa Jewellery Ltd WC TL - 172.8 Withdrawn
Neysa Jewellery Ltd Proposed LT Bk - 1034 Withdrawn
Loan Fac
Neysa Jewellery Ltd Bill Discounting CRISIL D 50 Reaffirmed
Neysa Jewellery Ltd Export Packing CRISIL D 78.3 Reaffirmed
Credit
Neysa Jewellery Ltd Funded Interest TL CRISIL D 0.7 Reaffirmed
Neysa Jewellery Ltd Packing Credit CRISIL D 59.2 Reaffirmed
Neysa Jewellery Ltd Post Shipment CRISIL D 130.3 Reaffirmed
Credit
Neysa Jewellery Ltd WC TL CRISIL D 14.1 Assigned
NF Forgings Pvt Ltd CC - 320 Withdrawn
NF Forgings Pvt Ltd LOC - 80 Withdrawn
Nithya Tobaccos CC CRISIL 160 Reaffirmed
B/Stable
(Issuer Not Cooperating)
Northern Tannery Proposed LT Bk CRISIL 50 Reaffirmed
Loan Fac BB+/Stable
(Issuer Not Cooperating)
P.K. Advertising Services Pvt Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Padma Plywood Pvt Ltd CC CRISIL 40 Reaffirmed
BB-/Stable
(Issuer Not Cooperating)
Padma Plywood Pvt Ltd Proposed FB Bk CRISIL 3.8 Reaffirmed
Limits BB-/Stable
(Issuer Not Cooperating)
Padmaja Poly Packs Pvt Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Padmaja Polymers Pvt Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Parmeshwari Silk Mills Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
PJS Overseas Ltd Export Packing CRISIL 700 -
Credit BB+/Stable
(Downgraded from 'CRISIL BBB-/Stable')
PJS Overseas Ltd Warehouse Financing CRISIL 300 -
BB+/Stable
(Downgraded from 'CRISIL BBB-/Stable')
Prabhat Heavy Forge Pvt Ltd CC CRISIL 40 Reaffirmed
B+/Stable
(Issuer Not Cooperating)
Prabhat Heavy Forge Pvt Ltd TL CRISIL 30 Reaffirmed
B+/Stable
(Issuer Not Cooperating)
Precision Technik Pvt Ltd Proposed LT Bk CRISIL 307 Reaffirmed
Loan Fac BBB-/Stable
Precision Technik Pvt Ltd TL CRISIL 158 Reaffirmed
BBB-/Stable
Premsons And Poddars Trucking Company Inventory Funding CRISIL 145 Reaffirmed
LLP Fac B+/Stable
Premsons And Poddars Trucking Company TL CRISIL 10.9 Reaffirmed
LLP B+/Stable
PSV Mines And Minerals Pvt Ltd Proposed LT Bk CRISIL 46.7 Reaffirmed
Loan Fac BB-/Stable
PSV Mines And Minerals Pvt Ltd TL CRISIL 30.8 Reaffirmed
BB-/Stable
R D Industries Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Rakesh Kumar Chopra & Company Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Ram Pravesh Rai Estate Pvt Ltd CC CRISIL 10 Reaffirmed
BB/Stable
Ram Pravesh Rai Estate Pvt Ltd TL CRISIL 67.8 Reaffirmed
BB/Stable
RDC Automobile Pvt Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Resitex CC CRISIL 15 -
BB-/Stable
(Migrated from 'CRISIL B+/Stable ISSUER NOT COOPERATING')
Resitex LT Loan CRISIL 50 -
BB-/Stable
(Migrated from 'CRISIL B+/Stable ISSUER NOT COOPERATING')
Resitex Proposed FB Bk CRISIL 2.5 -
Limits BB-/Stable
(Migrated from 'CRISIL B+/Stable ISSUER NOT COOPERATING')
Resitex TL CRISIL 12.5 -
BB-/Stable
(Migrated from 'CRISIL B+/Stable ISSUER NOT COOPERATING')
Revive Realty Ltd Drop Line CRISIL 600 Reaffirmed
Overdraft Fac BBB/Stable
Revive Realty Ltd Proposed LT Bk CRISIL 160 Reaffirmed
Loan Fac BBB/Stable
Royal Pressing and Components – Kashipur Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
S S Multi Services Proposed FB Bk CRISIL 90 Reaffirmed
Limits BB/Stable
(Issuer Not Cooperating)
S. M. Shankarrao Mohite Patil S. S. K. Bill Discounting CRISIL C 224.7 Reaffirmed
Ltd
S. M. Shankarrao Mohite Patil S. S. K. LT Loan CRISIL C 310.4 Reaffirmed
Ltd
S. M. Shankarrao Mohite Patil S. S. K. Medium TL CRISIL C 364.8 Reaffirmed
Ltd
S. M. Shankarrao Mohite Patil S. S. K. Proposed LT Bk CRISIL C 37.3 Reaffirmed
Ltd Loan Fac
S. M. Shankarrao Mohite Patil S. S. K. Sugar Pledge CC CRISIL C 3000 Reaffirmed
Ltd
Sait Transport Corporation LT Loan CRISIL 20 Reaffirmed
BB+/Stable
(Issuer Not Cooperating)
Sait Transport Corporation Secured Overdraft CRISIL 30 Reaffirmed
Fac BB+/Stable
(Issuer Not Cooperating)
Sami-Sabinsa Group Ltd TL CRISIL 1250 -
A+/Stable
Sanghvi International CC CRISIL 100 Reaffirmed
BB+/Stable
Santhagarik Agro Pvt Ltd CC CRISIL 50 Reaffirmed
B+/Stable
(Issuer Not Cooperating)
Santhagarik Agro Pvt Ltd TL CRISIL 25.5 Reaffirmed
B+/Stable
(Issuer Not Cooperating)
Sarita Forgings Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Seafood Innovations Bill Discounting CRISIL 50 Reaffirmed
B+/Stable
(Issuer Not Cooperating)
Seafood Innovations TL CRISIL 37 Reaffirmed
B+/Stable
(Issuer Not Cooperating)
Seenaiah Educational Society TL CRISIL 150 Reaffirmed
BBB-/Stable
Sharada Industries CC CRISIL 180 Reaffirmed
BB+/Stable
Sharada Industries TL CRISIL 50 Reaffirmed
BB+/Stable
Sharayu Agro Industries Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Shiva Protein Products Pvt Ltd Bill Discounting CRISIL 150 Reaffirmed
BB/Stable
Shiva Protein Products Pvt Ltd CC CRISIL 230 Reaffirmed
BB/Stable
Shiva Protein Products Pvt Ltd Warehouse Receipts CRISIL 345 Reaffirmed
BB/Stable
Shiva Protein Products Pvt Ltd WC Demand Loan CRISIL 25 Assigned
BB/Stable
Shradha Apparels Worldwide Foreign Bill CRISIL 55 Reaffirmed
Purchase B+/Stable
(Issuer Not Cooperating)
Shree Ginger Enterprises Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Shree H D Overseas Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Shree Lokender Industries Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Shri Gautam Shipbreaking Industries Pvt CC CRISIL 100 Reaffirmed
Ltd BB/Stable
(Issuer Not Cooperating)
Shri Mahesh Co-Op Spinning Mills Ltd Proposed LT Bk CRISIL 80 Reaffirmed
Loan Fac B+/Stable
(Issuer Not Cooperating)
Shriji Sheetgrah Pvt Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Shrine Engineering Pvt Ltd CC CRISIL 20 Reaffirmed
B+/Stable
(Issuer Not Cooperating)
Shrine Engineering Pvt Ltd Proposed CC Limit CRISIL 5 Reaffirmed
B+/Stable
(Issuer Not Cooperating)
Shrinet and Shandilya Construction Pvt BG CRISIL D 250 -
Ltd
(ISSUER NOT COOPERATING; Downgraded from 'CRISIL B+/Stable)
Shrinet and Shandilya Construction Pvt Overdraft CRISIL D 20 -
Ltd
(ISSUER NOT COOPERATING; Downgraded from 'CRISIL B+/Stable)
Shrinet and Shandilya Construction Pvt Proposed BG CRISIL D 15 -
Ltd
(ISSUER NOT COOPERATING; Downgraded from 'CRISIL B+/Stable)
Shruti Sales Corporation CC CRISIL 90 Reaffirmed
B+/Stable
(Issuer Not Cooperating)
Shruti Sales Corporation Proposed CC Limit CRISIL 10 Reaffirmed
B+/Stable
(Issuer Not Cooperating)
Shubh Sandesh Health Care LLP TL CRISIL 200 Reaffirmed
B+/Stable
(Issuer Not Cooperating)
Siddhartha Electrotec And Trading Pvt CC CRISIL 5 Reaffirmed
Ltd B+/Stable
(Issuer Not Cooperating)
Simran Group Of Industries CC CRISIL B/Stable 10 Reaffirmed
(Issuer Not Cooperating)
Simran Group Of Industries TL CRISIL B/Stable 65 Reaffirmed
(Issuer Not Cooperating)
Singla Builders and Promoters Ltd Proposed LT Bk CRISIL 100 Reaffirmed
Loan Fac BB+/Stable
(Issuer Not Cooperating)
Singla Cables Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Solar Industries India Ltd CC CRISIL 200 Reaffirmed
AA+/Stable
Solar Industries India Ltd CC* CRISIL 300 Reaffirmed
AA+/Stable
(*Interchangeable with other fund-based facilities)
Solar Industries India Ltd CC^ CRISIL 1000 Reaffirmed
AA+/Stable
(^Interchangeable with non-fund based facilities)
Solar Industries India Ltd LOC & BG CRISIL 2800 Reaffirmed
AA+/Stable
Solar Industries India Ltd LOC & BG# CRISIL 500 Reaffirmed
AA+/Stable
(#Interchangeable with fund-based facilities)
Solar Industries India Ltd TL CRISIL 1220 Reaffirmed
AA+/Stable
Solo Metals Pvt Ltd BG CRISIL D 15 Reaffirmed
(Issuer Not Cooperating)
Solo Metals Pvt Ltd CC CRISIL D 232.5 Reaffirmed
(Issuer Not Cooperating)
Sparco Multiplast Pvt Ltd CC CRISIL 57.5 Reaffirmed
BB-/Stable
(Migrated from 'CRISIL BB-/Stable ISSUER NOT COOPERATING')
Sparco Multiplast Pvt Ltd Export Packing CRISIL 15 Reaffirmed
Credit BB-/Stable
(Migrated from 'CRISIL BB-/Stable ISSUER NOT COOPERATING')
Sparco Multiplast Pvt Ltd LT Loan CRISIL 45 Reaffirmed
BB-/Stable
(Migrated from 'CRISIL BB-/Stable ISSUER NOT COOPERATING')
Spark Electricals & Projects Pvt Ltd Overdraft CRISIL 40 Reaffirmed
BB-/Stable
(Issuer Not Cooperating)
Sree Dhanalakshmi Modern Rice Mill CC CRISIL 70 Reaffirmed
BB/Stable
(Issuer Not Cooperating)
Sree Sun Shine Industries CC CRISIL 7 Reaffirmed
BB-/Stable
(Issuer Not Cooperating)
Sree Sun Shine Industries Proposed WC Fac CRISIL 63 Reaffirmed
BB-/Stable
(Issuer Not Cooperating)
Sree Sun Shine Industries TL CRISIL 30 Reaffirmed
BB-/Stable
(Issuer Not Cooperating)
Sri Balaji Tech BG CRISIL D 7.5 -
(ISSUER NOT COOPERATING; Downgraded from 'CRISIL B/Stable)
Sri Balaji Tech Drop Line CRISIL D 22.5 -
Overdraft Fac
(ISSUER NOT COOPERATING; Downgraded from 'CRISIL B/Stable)
Sri Balaji Tech LOC CRISIL D 2.5 -
(ISSUER NOT COOPERATING; Downgraded from 'CRISIL B/Stable)
Sri Balaji Tech Proposed WC Fac CRISIL D 2.5 -
(ISSUER NOT COOPERATING; Downgraded from 'CRISIL B/Stable)
Sri Balaji Tech Secured Overdraft CRISIL D 35 -
Fac
(ISSUER NOT COOPERATING; Downgraded from 'CRISIL B/Stable)
Sri Lakshmi Raw & Boiled Rice Mill CC CRISIL 80 Reaffirmed
B+/Stable
(Issuer Not Cooperating)
Sri Poorna Chandra And Co Secured Overdraft CRISIL 60 Reaffirmed
Fac B+/Stable
(Issuer Not Cooperating)
Sri Sairam Autos Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Sri Sairam Fuels Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Sri Saraswathi Timber And Plywoods Foreign LOC CRISIL 120 Reaffirmed
B+/Stable
(Issuer Not Cooperating)
Sri Saraswathi Timber And Plywoods Secured Overdraft CRISIL 20 Reaffirmed
Fac B+/Stable
(Issuer Not Cooperating)
Sri Saraswathi Timber Mart Foreign LOC CRISIL 120 Reaffirmed
B+/Stable
(Issuer Not Cooperating)
Sri Saraswathi Timber Mart Secured Overdraft CRISIL 20 Reaffirmed
Fac B+/Stable
(Issuer Not Cooperating)
Sri Srinivasa Raw and Boiled Rice Mill CC CRISIL 195 Reaffirmed
BB-/Stable
(Issuer Not Cooperating)
Sri Srinivasa Raw and Boiled Rice Mill Proposed LT Bk CRISIL 13 Reaffirmed
Loan Fac BB-/Stable
(Issuer Not Cooperating)
SRSC Infra Pvt Ltd CC CRISIL 140 -
BBB-/Stable
(Migrated from 'CRISIL BB+/Stable ISSUER NOT COOPERATING')
SRSC Infra Pvt Ltd Proposed LT Bk CRISIL 120 -
Loan Fac BBB-/Stable
(Migrated from 'CRISIL BB+/Stable ISSUER NOT COOPERATING')
ST. George Electronica Pvt Ltd TL CRISIL 162 Reaffirmed
B-/Stable
(Issuer Not Cooperating)
ST. George Electronica Pvt Ltd WC Fac CRISIL 120.5 Reaffirmed
B-/Stable
(Issuer Not Cooperating)
Sudharsanamtrans CC CRISIL 20 Reaffirmed
BB-/Stable
(Issuer Not Cooperating)
Sudharsanamtrans Rupee TL CRISIL 55 Reaffirmed
BB-/Stable
(Issuer Not Cooperating)
Suman Forwarding Agency Pvt Ltd CC CRISIL 270 Reaffirmed
BB+/Stable
(Issuer Not Cooperating)
Suman Forwarding Agency Pvt Ltd Proposed LT Bk CRISIL 20 Reaffirmed
Loan Fac BB+/Stable
(Issuer Not Cooperating)
Super Seals India Ltd CC CRISIL 80 Reaffirmed
BB-/Stable
(Issuer Not Cooperating)
Super Seals India Ltd LT Loan CRISIL 30 Reaffirmed
BB-/Stable
(Issuer Not Cooperating)
Supreme Mobiles Pvt Ltd Channel Financing CRISIL 30 Reaffirmed
B+/Stable
Supreme Mobiles Pvt Ltd LT Loan CRISIL 31.2 Reaffirmed
B+/Stable
Supreme Mobiles Pvt Ltd Overdraft CRISIL 12 Reaffirmed
B+/Stable
Supreme Mobiles Pvt Ltd WC Fac CRISIL 65.3 Assigned
B+/Stable
Swastik Wire Product CC CRISIL 51 Reaffirmed
BBB/Stable
Swastik Wire Product Inventory Funding CRISIL 49 Reaffirmed
Fac BBB/Stable
Swathi Cotgin (Tmc) Pvt Ltd CC CRISIL 198 Reaffirmed
B/Stable
Swathi Cotgin (Tmc) Pvt Ltd LT Loan CRISIL 82 Reaffirmed
B/Stable
Swathi Cotgin (Tmc) Pvt Ltd Proposed LT Bk CRISIL 50 Reaffirmed
Loan Fac B/Stable
T R Hospitalities Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
TATA AutoComp Hendrickson Suspensions CC* CRISIL 10 Reaffirmed
Pvt Ltd A+/Stable
(*Interchangeable with bank guarantee)
Traco Cable Co. Ltd CC CRISIL C 100.5 Reaffirmed
Traco Cable Co. Ltd Proposed LT Bk CRISIL C 5 Reaffirmed
Loan Fac
Trimula G Basmati Pvt Ltd CC CRISIL D 142.5 Reaffirmed
(Issuer Not Cooperating)
Umashakti Steels Pvt Ltd CC CRISIL 60 -
BB/Stable
(ISSUER NOT COOPERATING; Migrated from 'CRISIL BB+/Negative)
Umashakti Steels Pvt Ltd TL CRISIL 90 -
BB/Stable
(ISSUER NOT COOPERATING; Migrated from 'CRISIL BB+/Negative)
Vishesh Overseas Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Vishva Electrotech Ltd CC CRISIL 162.2 Reaffirmed
BB+/Stable
Win Power Systems Proposed LT Bk CRISIL 10 Reaffirmed
Loan Fac B/Stable
Wooga Ceramic Pvt Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Zaibunco Industries Pvt Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
--------------------------------------------------------------------------------------------
$: 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 [email protected])
CRISIL ratings for Indian debt instruments-Dec 23
