CRISIL ratings for Indian debt instruments-May 22

Published 22-05-2018, 11:59 am
© Reuters.  CRISIL ratings for Indian debt instruments-May 22
ALBK
-
CRSL
-
KAPT
-
RELI
-

May 22 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of India ( CRISIL (NS:CRSL)) for local debt instruments as of May 21, 2018. COMPANY

INSTRUMENT

RATING

AMOUNT MOVEMENT

(RS.MLN) ------

----------

------

----- --------- SHORT TERM RATINGS: ------------------- A.T.E. Enterprises Pvt Ltd

LOC

CRISIL A3

30

Reaffirmed Agsons Agencies India Pvt Ltd

LOC

CRISIL A4+

700

Reaffirmed Armor Plast Ltd

Export Packing

CRISIL A4+

25

Reaffirmed

Credit & Export

Bills Negotiation/Foreign Bill discounting Asirvad Microfinance Ltd

CP Programme

CRISIL A1+

4000

Reaffirmed Asvini Fisheries Pvt Ltd

BG

CRISIL A2+

50

Reaffirmed Asvini Fisheries Pvt Ltd

Export Packing

CRISIL A2+

540

Reaffirmed

Credit Asvini Fisheries Pvt Ltd

Foreign Bill

CRISIL A2+

340

Reaffirmed

Discounting Bang Data Forms Pvt Ltd

LOC

CRISIL A2

90

Reaffirmed Beloorbayir Biotech Ltd

Foreign

CRISIL A4+

30

Migrated

Discounting Bill

from CRISIL A3

Purchase (Issuer Not Cooperating) Beloorbayir Biotech Ltd

LOC

CRISIL A4+

40

Migrated

from CRISIL A3 (Issuer Not Cooperating) Bihani International Pvt Ltd

BG

CRISIL A4+

7.5

Reaffirmed CTM Technical Textiles Ltd

BG

CRISIL A4+

32

Reaffirmed CTM Technical Textiles Ltd

LOC

CRISIL A4+

3

Reaffirmed Galaxy Machinery Pvt Ltd

BG

CRISIL A4

10

Reaffirmed Galaxy Machinery Pvt Ltd

LOC

CRISIL A4

30

Reaffirmed Global Foods

Packing Credit

CRISIL A4

300

Revised from

CRISIL A4 to

CRISIL D and simultaneously upgraded to CRISIL A4 Jalan Jee Polytex Ltd

LOC

CRISIL A4

10

Reaffirmed Kalpataru Power (NS:KAPT) Transmission Ltd

LOC & BG

CRISIL A1+

73600 Kalpataru Power Transmission Ltd

Proposed LOC & BG CRISIL A1+

8670 Kalpataru Power Transmission Ltd

LOC & BG^

CRISIL A1+

750 ^Interchangeable with fund-based limits; however, overall fund-based limits will not exceed Rs.1000 crore Kalpataru Power Transmission Ltd

CP

CRISIL A1+

2500 Kanodia Global Pvt Ltd

Packing Credit

CRISIL A3

101

Assigned Manappuram Home Finance Pvt Ltd

CP

CRISIL A1+

250

Reaffirmed Maruti Motors-Faridabad

BG

CRISIL A4+

95

Reaffirmed Mittapalli Agro Enterprises

Packing Credit

CRISIL A4+

70

Migrated from

CRISIL A4+ (Issuer Not Cooperating) Mittapalli Agro Exports

Packing Credit

CRISIL A4+

110

Migrated from

CRISIL A4+ (Issuer Not Cooperating) Mittapalli Agro Products Pvt Ltd

BG

CRISIL A4+

5

Migrated from

CRISIL A4+ (Issuer Not Cooperating) Mittapalli Agro Products Pvt Ltd

Foreign Exchange CRISIL A4+

5

Migrated from

Forward

CRISIL A4+ (Issuer Not Cooperating) N. K. Bhojani Pvt Ltd

BG

CRISIL A4

70

Downgraded

from CRISIL

A4+ N. K. Bhojani Pvt Ltd

LOC

CRISIL A4

7.5

Downgraded

from CRISIL

A4+ P N Shanavas

BG

CRISIL A4+

132

Reaffirmed Piaggio Vehicles Pvt Ltd

BG

CRISIL A1

2000 Piaggio Vehicles Pvt Ltd

Bill Discounting CRISIL A1

2700 Piaggio Vehicles Pvt Ltd

LOC & BG

CRISIL A1

2160 Piaggio Vehicles Pvt Ltd

Bill Discounting^ CRISIL A1

300 ^Interchangeable with Letter of Credit and Bank Guarantee Pratipa Cashews

Bill Discounting CRISIL A4+

30

Reaffirmed Pratipa Cashews

Standby Line of

CRISIL A4+

12.8

Reaffirmed

Credit R. N. A. Construction

BG

CRISIL A4

40

Assigned Rachitech Engineering Pvt Ltd

BG

CRISIL A4

20

Reaffirmed Reliance Industries Ltd (NS:RELI)

CP

CRISIL A1+

300000 Reaffirmed Reliance Industries Ltd

CP^

CRISIL A1+

45000 Reaffirmed ^ Earlier Short term debt Rex-Tone Industries Ltd

Packing Credit

CRISIL A3+

170

Reaffirmed Rojer Mathew and Company

BG

CRISIL D

70

Downgraded

from CRISIL A4 (Issuer Not Cooperating) Saumil Impex Pvt Ltd

Foreign Exchange CRISIL A4

7.5

Reaffirmed

Forward Saumil Impex Pvt Ltd

LOC

CRISIL A4

345.6 Reaffirmed Shreeji Pesticides Pvt Ltd

LOC

CRISIL A4+

70

Migrated

from CRISIL A2 (Issuer Not Cooperating) Sri Rama Educational Trust

BG

CRISIL A4

10

Assigned Sripathy Assoceates

BG

CRISIL A4+

500

Reaffirmed Sterling Tapes Ltd

LOC

CRISIL A4+

70

Reaffirmed The Cots Knits

Packing Credit

CRISIL A4

35

Reaffirmed The Shalimar Works (1980) Ltd

BG

CRISIL A4

254.5 Reaffirmed The Shalimar Works (1980) Ltd

LOC

CRISIL A4

10

Reaffirmed Tirupati Vinyl India Pvt Ltd

Channel Financing CRISIL A4+

30

Reaffirmed Ukay Metal Industries Pvt Ltd

LOC

CRISIL A3+

2.5

Upgraded from

CRISIL A3 Universal Precision Screws

Export Packing

CRISIL A3+

195

Reaffirmed

Credit & Export

Bills Negotiation/Foreign Bill discounting Universal Precision Screws

Foreign Exchange CRISIL A3+

3

Reaffirmed

Forward Universal Precision Screws

LOC

CRISIL A3+

70

Reaffirmed Ultimo Fabrics Pvt Ltd

LOC

CRISIL D

100

Downgraded

from CRISIL

A3+ Vijayasree Foods

BG

CRISIL A4

20

Reaffirmed Willowood Chemicals Pvt Ltd

Bill Discounting CRISIL A4+

20

Migrated from

CRISIL A2 (Issuer Not Cooperating) Willowood Chemicals Pvt Ltd

Buyer`s Credit

CRISIL A4+

400

Migrated from

CRISIL A2 (Issuer Not Cooperating) Willowood Chemicals Pvt Ltd

LOC

CRISIL A4+

380

Migrated from

CRISIL A2 (Issuer Not Cooperating) LONG TERM RATINGS: ------------------- A.T.E. Enterprises Pvt Ltd

Bill Discounting CRISIL BBB-

65

Reaffirmed A.T.E. Enterprises Pvt Ltd

CC

CRISIL BBB-

100

Reaffirmed A.T.E. Enterprises Pvt Ltd

LT Loan

CRISIL BBB-

25

Reaffirmed A.T.E. Enterprises Pvt Ltd

Proposed LT Bk

CRISIL BBB-

30

Reaffirmed

Loan Fac Agsar Paints Pvt Ltd

CC

CRISIL BB-

100

Downgraded

from CRISIL BB Agsar Paints Pvt Ltd

LT Loan

CRISIL BB-

19.4

Downgraded

from CRISIL BB Agsar Paints Pvt Ltd

Proposed LT Bk

CRISIL BB-

0.6

Downgraded

Loan Fac

from CRISIL BB Agsons Agencies India Pvt Ltd

LOC

CRISIL BB-

150

Reaffirmed Akshat Apartments Pvt Ltd

Drop Line

CRISIL BB+

78.7

Reaffirmed

Overdraft Fac

and Withdrawn Akshat Apartments Pvt Ltd

TL

CRISIL BB+

150

Reaffirmed

and Withdrawn Allahabad Bank (NS:ALBK)

Upper Tier II

CRISIL A+

10000 #

Bonds (Under Basel

II)

Allahabad Bank

Tier I Perpetual CRISIL A+

3000

#

Bonds (Under Basel

II)

Allahabad Bank

Tier II Bonds

CRISIL AA-

5000

#

(Under Basel III)

Allahabad Bank

Tier II Bonds

CRISIL AA-

10000 #

(Under Basel III)

Allahabad Bank

Lower Tier II

CRISIL AA-

8500

#

Bonds (Under Basel

II)

Ankapalli Tollway Pvt Ltd

Proposed TL

Provisional

13000 Assigned^

CRISIL AA-(SO) ^A prefix of Provisional indicates that the rating centrally factors in the strength of specific structures, and will be supported by certain critical documentation by the issuer, without which the rating would either have been different or not assigned ab initio. This is in compliance with a May 6, 2015, directive by the Securities and Exchange Board of India (SEBI), Standardising the term, rating symbol, and manner of disclosure with regard to conditional/ provisional/ in-principle ratings assigned by credit rating agencies (CRAs) Armor Plast Ltd

Bill Discounting CRISIL BB

4

Reaffirmed Armor Plast Ltd

CC

CRISIL BB

18.5

Reaffirmed Armor Plast Ltd

Proposed LT Bk

CRISIL BB

37.5

Reaffirmed

Loan Fac Armor Plast Ltd

TL

CRISIL BB

15

Reaffirmed Asirvad Microfinance Ltd

Proposed LT Bk

CRISIL A+

10082 Reaffirmed

Loan Fac Asirvad Microfinance Ltd

TL

CRISIL A+

9918

Reaffirmed Asirvad Microfinance Ltd

NCDs

CRISIL A+

3000

Assigned Asirvad Microfinance Ltd

NCDs

CRISIL A+

2500

Reaffirmed Asirvad Microfinance Ltd

NCDs

CRISIL A+

2000

Reaffirmed Asirvad Microfinance Ltd

NCDs

CRISIL A+

1000

Reaffirmed Asirvad Microfinance Ltd

NCDs

CRISIL A+

1250

Reaffirmed Asirvad Microfinance Ltd

NCDs

CRISIL A+

2000

Reaffirmed Asirvad Microfinance Ltd

NCDs

CRISIL A+

2000

Reaffirmed Asirvad Microfinance Ltd

Subordinated Debt CRISIL A+

1250

Reaffirmed Asvini Fisheries Pvt Ltd

BG

CRISIL A-

90

Reaffirmed Bamanbore Tollway Pvt Ltd

Proposed TL

Provisional

3217

Assigned^

CRISIL AA-(SO) ^A prefix of Provisional indicates that the rating centrally factors in the strength of specific structures, and will be supported by certain critical documentation by the issuer, without which the rating would either have been different or not assigned ab initio. This is in compliance with a May 6, 2015, directive by the Securities and Exchange Board of India (SEBI), Standardising the term, rating symbol, and manner of disclosure with regard to conditional/provisional/in-principle ratings assigned by credit rating agencies (CRAs) Bang Data Forms Pvt Ltd

CC

CRISIL BBB+

200

Reaffirmed Bang Data Forms Pvt Ltd

Proposed LT Bk

CRISIL BBB+

60

Reaffirmed

Loan Fac Bayir Extracts Pvt Ltd

CC

CRISIL BB+

35

Migrated

from CRISIL

BBB- (Issuer Not Cooperating) Beloorbayir Biotech Ltd

CC

CRISIL BB+

260

Migrated

from CRISIL

BBB- (Issuer Not Cooperating) Beloorbayir Biotech Ltd

TL

CRISIL BB+

70

Migrated

from CRISIL

BBB- (Issuer Not Cooperating) Bihani Enterprises

CC

CRISIL BB

110

Reaffirmed Bihani Enterprises

Proposed TL

CRISIL BB

5

Reaffirmed Bihani Enterprises

TL

CRISIL BB

10

Reaffirmed Bihani International Pvt Ltd

CC

CRISIL BB

60

Reaffirmed Bihani International Pvt Ltd

Channel Financing CRISIL BB

36

Reaffirmed Bihani International Pvt Ltd

TL

CRISIL BB

16.5

Reaffirmed Bindeshwari Cold Chain Pvt Ltd

TL

CRISIL B

40

Assigned CTM Technical Textiles Ltd

CC

CRISIL BB

50

Reaffirmed CTM Technical Textiles Ltd

LT Loan

CRISIL BB

21.6

Reaffirmed CTM Technical Textiles Ltd

Proposed LT Bk

CRISIL BB

16.1

Reaffirmed

Loan Fac Diwancheruvu Tollway Pvt Ltd

Proposed TL

Provisional

9000

Assigned^

CRISIL AA-(SO) ^A prefix of Provisional indicates that the rating centrally factors in the strength of specific structures, and will be supported by certain critical documentation by the issuer, without which the rating would either have been different or not assigned ab initio. This is in compliance with a May 6, 2015, directive by the Securities and Exchange Board of India (SEBI), Standardising the term, rating symbol, and manner of disclosure with regard to conditional/provisional/in-principle ratings assigned by credit rating agencies (CRAs) Diwantham Tollway Pvt Ltd

Proposed TL

Provisional

4000

Assigned^

CRISIL AA-(SO) ^A prefix of Provisional indicates that the rating centrally factors in the strength of specific structures, and will be supported by certain critical documentation by the issuer, without which the rating would either have been different or not assigned ab initio. This is in compliance with a May 6, 2015, directive by the Securities and Exchange Board of India (SEBI), Standardising the term, rating symbol, and manner of disclosure with regard to conditional/provisional/in-principle ratings assigned by credit rating agencies (CRAs) Flagmark Builders Pvt Ltd

TL

CRISIL D

100

Downgraded

from CRISIL B+ Galaxy Machinery Pvt Ltd

CC

CRISIL B

70

Reaffirmed Galaxy Machinery Pvt Ltd

LT Loan

CRISIL B

17

Reaffirmed Galaxy Machinery Pvt Ltd

Proposed WC Fac

CRISIL B

73

Reaffirmed Garamore Tollway Pvt Ltd

Proposed TL

Provisional

8600

Assigned^

CRISIL AA-(SO) ^A prefix of Provisional indicates that the rating centrally factors in the strength of specific structures, and will be supported by certain critical documentation by the issuer, without which the rating would either have been different or not assigned ab initio. This is in compliance with a May 6, 2015, directive by the Securities and Exchange Board of India (SEBI), Standardising the term, rating symbol, and manner of disclosure with regard to conditional/provisional/in-principle ratings assigned by credit rating agencies (CRAs) Gopal Cotton Industries

CC

CRISIL BB-

70

Reaffirmed Icchapuram Tollway Pvt Ltd

Proposed TL

Provisional

5216

Assigned^

CRISIL AA-(SO) ^A prefix of Provisional indicates that the rating centrally factors in the strength of specific structures, and will be supported by certain critical documentation by the issuer, without which the rating would either have been different or not assigned ab initio. This is in compliance with a May 6, 2015, directive by the Securities and Exchange Board of India (SEBI), Standardising the term, rating symbol, and manner of disclosure with regard to conditional/provisional/in-principle ratings assigned by credit rating agencies (CRAs) Indkus Biotech India

CC

CRISIL BB-

72.5

Assigned Indkus Biotech India

TL

CRISIL BB-

2.5

Assigned Jai Industries

CC

CRISIL BBB-

60

Reaffirmed Jai Industries

Proposed LT Bk

CRISIL BBB-

40

Reaffirmed

Loan Fac Jalan Jee Polytex Ltd

CC

CRISIL C

90

Downgraded

from CRISIL B- Kalpataru Power Transmission Ltd

CC#

CRISIL AA

7750 #Rs 12.5 crores is interchangeable between fund-based and non-fund-based limits Kalpataru Power Transmission Ltd

LOC & BG^

CRISIL AA

8600 ^Interchangeable with fund-based limits; however, overall fund-based limits will not exceed Rs.1000 crore Kalpataru Power Transmission Ltd

Proposed LOC & BG^ CRISIL AA

4500 ^Interchangeable with fund-based limits; however, overall fund-based limits will not exceed Rs.1000 crore Kalpataru Power Transmission Ltd

NCD

CRISIL

2000

AA Kalpataru Power Transmission Ltd

NCD

CRISIL

2000

AA Kalpataru Power Transmission Ltd

NCD

CRISIL

2000

AA Kanodia Global Pvt Ltd

TL

CRISIL BBB-

140

Assigned Kanodia Global Pvt Ltd

CC

CRISIL BBB-

9

Assigned Kanodia Global Pvt Ltd

Foreign Bill

CRISIL BBB-

20

Assigned

Discounting Lakshmi Engineering and Drilling

CC

CRISIL BB

100

Upgraded from

CRISIL BB- Lunia Marketing Pvt Ltd

CC

CRISIL BBB

97.5

Upgraded from

CRISIL BBB- Lunia Marketing Pvt Ltd

Proposed CC Limit CRISIL BBB

27.5

Upgraded from

CRISIL BBB- Mahadev Motors Pvt Ltd

Channel Financing CRISIL B+

40.5

Downgraded

from CRISIL

BB- Mahadev Motors Pvt Ltd

Drop Line

CRISIL B+

27

Downgraded

Overdraft Fac

from CRISIL

BB- Mahadev Motors Pvt Ltd

Inventory Funding CRISIL B+

110

Downgraded

Fac

from CRISIL

BB- Mahadev Motors Pvt Ltd

TL

CRISIL B+

12.5

Downgraded

from CRISIL

BB- Manappuram Home Finance Pvt Ltd

TL

CRISIL A+

1750

Reaffirmed Manappuram Home Finance Pvt Ltd

WC Loan

CRISIL A+

250

Reaffirmed Maruti Motors-Faridabad

CC

CRISIL BB-

5

Reaffirmed Mittapalli Agro Enterprises

CC

CRISIL BB-

30

Migrated from

CRISIL BB- (Issuer Not Cooperating) Mittapalli Agro Enterprises

Proposed LT Bk

CRISIL BB-

30

Migrated from

Loan Fac

CRISIL BB- (Issuer Not Cooperating) Mittapalli Agro Exports

CC

CRISIL BB-

40

Migrated from

CRISIL BB- (Issuer Not Cooperating) Mittapalli Agro Exports

Proposed LT Bk

CRISIL BB-

20

Migrated from

Loan Fac

CRISIL BB- (Issuer Not Cooperating) Mittapalli Agro Products Pvt Ltd

Export Packing

CRISIL BB-

390

Migrated from

Credit

CRISIL BB- (Issuer Not Cooperating) N. K. Bhojani Pvt Ltd

CC

CRISIL B+

195

Downgraded

from CRISIL

BB- N. K. Bhojani Pvt Ltd

Proposed LT Bk

CRISIL B+

48.9

Downgraded

Loan Fac

from CRISIL

BB- N. K. Bhojani Pvt Ltd

TL

CRISIL B+

178.6 Downgraded

from CRISIL

BB- Oneworld Creations Pvt Ltd

CC

CRISIL D

450

Downgraded

from CRISIL

BBB Oneworld Creations Pvt Ltd

Proposed CC Limit CRISIL D

90

Downgraded

from CRISIL

BBB Oneworld Creations Pvt Ltd

Proposed LT Bk

CRISIL D

350

Downgraded

Loan Fac

from CRISIL

BBB Oneworld Creations Pvt Ltd

TL

CRISIL D

160

Downgraded

from CRISIL

BBB Oneworld Industries Pvt Ltd

CC

CRISIL D

1400

Downgraded

from CRISIL

BBB Oneworld Retail Pvt Ltd

CC

CRISIL D

285

Downgraded

from CRISIL

BBB- Oneworld Retail Pvt Ltd

Proposed LT Bk

CRISIL D

150

Downgraded

Loan Fac

from CRISIL

BBB- Oneworld Retail Pvt Ltd

TL

CRISIL D

87.5

Downgraded

from CRISIL

BBB- Oneworld Sourcing

CC

CRISIL D

660

Downgraded

from CRISIL

BBB Oneworld Sourcing

TL

CRISIL D

120

Downgraded

from CRISIL

BBB P N Shanavas

CC/ Overdraft Fac CRISIL BB-

88.8

Reaffirmed Piaggio Vehicles Pvt Ltd

CC

CRISIL A

60 Piaggio Vehicles Pvt Ltd

Overdraft

CRISIL A

250 Piaggio Vehicles Pvt Ltd

Proposed FB Bk

CRISIL A

444.6

Limits Porbandar Jetpur Tollway Pvt Ltd

Proposed TL

Provisional

300

Assigned^

CRISIL AA-(SO) ^A prefix of Provisional indicates that the rating centrally factors in the strength of specific structures, and will be supported by certain critical documentation by the issuer, without which the rating would either have been different or not assigned ab initio. This is in compliance with a May 6, 2015, directive by the Securities and Exchange Board of India (SEBI), Standardising the term, rating symbol, and manner of disclosure with regard to conditional/ provisional/ in-principle ratings assigned by credit rating agencies (CRAs) Pratipa Cashews

Export Packing

CRISIL BB

50

Reaffirmed

Credit Pratipa Cashews

TL

CRISIL BB

7.2

Reaffirmed Puintola Tollway Pvt Ltd

Proposed TL

Provisional

3967

Assigned^

CRISIL AA-(SO) ^A prefix of Provisional indicates that the rating centrally factors in the strength of specific structures, and will be supported by certain critical documentation by the issuer, without which the rating would either have been different or not assigned ab initio. This is in compliance with a May 6, 2015, directive by the Securities and Exchange Board of India (SEBI), Standardising the term, rating symbol, and manner of disclosure with regard to conditional/provisional/in-principle ratings assigned by credit rating agencies (CRAs) R. N. A. Construction

CC

CRISIL B+

35

Assigned Rachitech Engineering Pvt Ltd

CC

CRISIL B+

55

Reaffirmed Radheshyam Industries

CC

CRISIL B+

120

Reaffirmed Reliance Industries Ltd

FB Fac*

CRISIL AAA

499650 Reaffirmed

* Fully interchangeable between bank guarantee, letter of credit, export packing credit, and post-shipment credit Reliance Industries Ltd

Proposed LT Bk

CRISIL AAA

150000 Reaffirmed

Loan Fac Reliance Industries Ltd

Rupee TL

CRISIL AAA

350

Reaffirmed Reliance Industries Ltd

NCDs

CRISIL AAA

100000 Reaffirmed Reliance Industries Ltd

NCDs

CRISIL AAA

100000 Reaffirmed Reliance Industries Ltd

NCDs

CRISIL AAA

10080 Reaffirmed Rex-Tone Industries Ltd

CC

CRISIL BBB

160

Reaffirmed Rex-Tone Industries Ltd

Pre Shipment

CRISIL BBB

10

Reaffirmed

Finance Rojer Mathew and Company

CC

CRISIL D

120

Downgraded

from CRISIL B- (Issuer Not Cooperating) S. L. Banthia Fabrics Pvt Ltd

CC

CRISIL BBB-

25

Assigned S. L. Banthia Fabrics Pvt Ltd

TL

CRISIL BBB-

61.5

Assigned Saumil Impex Pvt Ltd

CC

CRISIL B

42.5

Reaffirmed Saumil Impex Pvt Ltd

Funded Interest TL CRISIL B

15.4

Reaffirmed Saumil Impex Pvt Ltd

WC TL

CRISIL B

177.6 Reaffirmed Saumil Impex Pvt Ltd

Proposed LT Bk

CRISIL B

106.4 Reaffirmed

Loan Fac Shreeji Pesticides Pvt Ltd

CC

CRISIL BB+

60

Migrated

from CRISIL

BBB+ (Issuer Not Cooperating) Shreeji Pesticides Pvt Ltd

Proposed LT Bk

CRISIL BB+

15

Migrated from

Loan Fac

CRISIL BBB+ (Issuer Not Cooperating) Shreeji Pesticides Pvt Ltd

TL

CRISIL BB+

105

Migrated from

CRISIL BBB+ (Issuer Not Cooperating) Siddhantham Tollway Pvt Ltd

Proposed TL

Provisional

2700

Assigned^

CRISIL AA-(SO) ^A prefix of Provisional indicates that the rating centrally factors in the strength of specific structures, and will be supported by certain critical documentation by the issuer, without which the rating would either have been different or not assigned ab initio. This is in compliance with a May 6, 2015, directive by the Securities and Exchange Board of India (SEBI), Standardising the term, rating symbol, and manner of disclosure with regard to conditional/provisional/in-principle ratings assigned by credit rating agencies (CRAs) Sri Lakshmi Venkata Ramana Raw & Boiled CC

CRISIL

120

Reaffirmed Rice Mill

B+ Sri Rama Educational Trust

Proposed FB Bk

CRISIL B+

27.7

Assigned

Limits Sri Rama Educational Trust

LT Loan

CRISIL B+

332.3 Assigned Sri Rama Educational Trust

CC

CRISIL B+

50

Assigned Sripathy Assoceates

CC

CRISIL BB

250

Upgraded from

CRISIL BB- Sterling Tapes Ltd

CC

CRISIL BB-

65

Reaffirmed Sterling Tapes Ltd

Proposed LT Bk

CRISIL BB-

1.5

Reaffirmed

Loan Fac Sterling Tapes Ltd

TL

CRISIL BB-

20

Reaffirmed The Cots Knits

Bill Discounting CRISIL B+

5

Reaffirmed The Cots Knits

CC

CRISIL B+

7.5

Reaffirmed The Cots Knits

Proposed LT Bk

CRISIL B+

58.4

Reaffirmed

Loan Fac The Shalimar Works (1980) Ltd

CC/ Overdraft Fac CRISIL C

60

Reaffirmed The Shalimar Works (1980) Ltd

Proposed LT Bk

CRISIL C

225.5 Reaffirmed

Loan Fac Tirupati Vinyl India Pvt Ltd

CC

CRISIL BB-

60

Reaffirmed Tirupati Vinyl India Pvt Ltd

Channel Financing CRISIL BB-

10

Reaffirmed Ukay Metal Industries Pvt Ltd

CC

CRISIL BBB

173

Upgraded from

CRISIL BBB- Ukay Metal Industries Pvt Ltd

Rupee TL

CRISIL BBB

110

Upgraded from

CRISIL BBB- Ultimo Fabrics Pvt Ltd

CC

CRISIL D

350

Downgraded

from CRISIL

BBB Ultimo Fabrics Pvt Ltd

Proposed CC Limit CRISIL D

248.8 Downgraded

from CRISIL

BBB Ultimo Fabrics Pvt Ltd

TL

CRISIL D

91.2

Downgraded

from CRISIL

BBB Ultra Ready Mix Concrete Pvt Ltd

CC

CRISIL D

250

Downgraded

from CRISIL B+ Ultra Ready Mix Concrete Pvt Ltd

LT Loan

CRISIL D

196.8 Downgraded

from CRISIL B+ Universal Precision Screws

Proposed LT Bk

CRISIL BBB

15

Reaffirmed

Loan Fac Universal Precision Screws

TL

CRISIL BBB

17

Reaffirmed Vatika Tracom Pvt Ltd

CC

CRISIL BB

95

Reaffirmed Vijayasree Foods

CC

CRISIL B+

60

Reaffirmed Willowood Chemicals Pvt Ltd

CC

CRISIL BB+

100

Migrated from

CRISIL BBB (Issuer Not Cooperating) Willowood Crop Sciences Pvt Ltd

CC

CRISIL BB+

400

Migrated from

CRISIL BBB+ (Issuer Not Cooperating) Worldstar Fabrics LLP

CC

CRISIL D

250

Downgraded

from CRISIL

BB+ Zephyr Fabric Trading LLP

CC

CRISIL D

180

Downgraded

from CRISIL

BB+ -------------------------------------------------------------------------------------------- $: 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.

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