CRISIL ratings for Indian debt instruments-Jul 30 – Reuters India
Jul 30 - Below are the ratings awarded by Credit Rating Information Service of India
(CRISIL) for local debt instruments as of July 29, 2020.
COMPANY INSTRUMENT RATING AMOUNT MOVEMENT
(RS.MLN)
------ ---------- ------ ----- ---------
SHORT TERM RATINGS:
-------------------
Abharan Motors Pvt Ltd BG CRISIL A4+ 12.5 Reaffirmed
Ace Kudale Car Pvt Ltd BG CRISIL A4 10 Reaffirmed
Advy Chemical Pvt Ltd BG CRISIL A4+ 20 Reaffirmed
Advy Chemical Pvt Ltd Foreign Exchange CRISIL A4+ 5 Reaffirmed
Forward
Advy Chemical Pvt Ltd LOC CRISIL A4+ 10 Reaffirmed
Allied Nippon Pvt Ltd Proposed NFBL CRISIL A2+ 120 Reaffirmed
Ananta Charitable Educational Society BG CRISIL A4+ 100 Reaffirmed
Ananta Charitable Educational Society Overdraft CRISIL A4+ 30 Reaffirmed
Classy Kontainers LOC CRISIL A3+ 10 Reaffirmed
Elektronik Lab India Pvt Ltd BG CRISIL A4+ 25 Reaffirmed
Elektronik Lab India Pvt Ltd LOC CRISIL A4+ 20 Reaffirmed
Globus Clothing Company Export Packing CRISIL A4+ 40 Reaffirmed
Credit & Export
Bills Negotiation/Foreign Bill discounting
Harshni Textiles Ltd BG CRISIL A3+ 20 Reaffirmed
Harshni Textiles Ltd Import LOC Limit CRISIL A3+ 60 Reaffirmed
Harshni Textiles Ltd Packing Credit CRISIL A3+ 40 Reaffirmed
Hitachi Hi-Rel Power Electronics Pvt Ltd LOC & BG CRISIL A1+ 1750 Reaffirmed
J and G Transformer Pvt Ltd BG CRISIL A4 60 -
(Downgraded from 'CRISIL A4+')
Krishna Sahil Constructions Pvt Ltd BG CRISIL A4 80 Withdrawn
(Issuer Not Cooperating)
Krishna Sahil Constructions Pvt Ltd Overdraft CRISIL A4 7.5 Withdrawn
(Issuer Not Cooperating)
Krishna Sahil Constructions Pvt Ltd Proposed LT Bk CRISIL A4 12.5 Withdrawn
Loan Fac
(Issuer Not Cooperating)
Kuber Texlen Pvt Ltd BG CRISIL A4+ 2.5 Reaffirmed
L. D. International LOC CRISIL A4+ 130 Reaffirmed
L. D. International Proposed ST Bk CRISIL A4+ 10 Reaffirmed
Loan Fac
Lakshmi Electrical Drives Ltd BG CRISIL A3+ 18.5 -
(Downgraded from 'CRISIL A2')
Lakshmi Electrical Drives Ltd Bill Purchase CRISIL A3+ 40 -
(Downgraded from 'CRISIL A2')
Lamba Footwear Industries Proposed NFBL CRISIL A3 92.2 Assigned
Lamba Footwear Industries Post Shipment CRISIL A3 50 Assigned
Credit
Lamba Footwear Industries Foreign Exchange CRISIL A3 12.8 Assigned
Forward
Lamba Footwear Industries Packing Credit CRISIL A3 45 Assigned
Laser Shaving India Pvt Ltd LOC CRISIL A2+ 120 Reaffirmed
Lavish Granito Pvt Ltd BG CRISIL A4+ 55 Reaffirmed
(Migrated from 'CRISIL A4+ ISSUER NOT COOPERATING')
Levinza Ceramic Pvt Ltd BG CRISIL A4 8.5 Reaffirmed
Maruthi Saw Mill - Bangalore LOC CRISIL A4 40 -
Maruthi Saw Mill - Bangalore Proposed NFBL CRISIL A4 25 Assigned
Mishra Dhatu Nigam Ltd BG CRISIL A1+ 1020 Reaffirmed
Mishra Dhatu Nigam Ltd LOC CRISIL A1+ 1380 Reaffirmed
Mishra Dhatu Nigam Ltd CP CRISIL A1+ 500 Reaffirmed
Motilal Oswal Home Finance Ltd CP CRISIL A1+ 5000 Reaffirmed
(Reduced from Rs.1000 Crore)
Mvd Infradevelopers Pvt Ltd BG CRISIL A4 50 Reaffirmed
(Migrated from 'CRISIL A4 ISSUER NOT COOPERATING')
Patanjali Agro India Pvt Ltd ST Bk Fac CRISIL A4+ 200 Assigned
Real Constructions BG CRISIL A4 72.5 Assigned
Rittal India Pvt Ltd Proposed Bill CRISIL A4+ 1300 -
Discounting Fac
(Issuer Not Cooperating)
Selva Stone Export Ltd Packing Credit in CRISIL A4+ 80 Reaffirmed
Foreign Currency
Skyway RMC Plants Pvt Ltd BG CRISIL A4+ 25 Reaffirmed
Skyway RMC Plants Pvt Ltd Bill Discounting CRISIL A4+ 75
under LOC
Skyway RMC Plants Pvt Ltd LOC CRISIL A4+ 160 Reaffirmed
Skyway RMC Plants Pvt Ltd Sales Bill CRISIL A4+ 80 Reaffirmed
Discounting
Smp Constructions Pvt Ltd BG CRISIL A3 80 Reaffirmed
Sri Siddheshwar Engineers India Pvt Ltd BG CRISIL A4 50 Withdrawn
(Issuer Not Cooperating)
Sri Siddheshwar Engineers India Pvt Ltd CC CRISIL A4 120 Withdrawn
(Issuer Not Cooperating)
StockHolding Document Management BG CRISIL A3+ 30 Reaffirmed
Services Ltd
Suyash Kraft and Papers Ltd LOC CRISIL A4+ 20 Reaffirmed
TCP Ltd BG CRISIL A3 42.6 -
(Downgraded from 'CRISIL A3+')
TCP Ltd LOC CRISIL A3 1130 -
(Downgraded from 'CRISIL A3+')
TLT Engineering India Pvt Ltd BG CRISIL A4+ 350 Reaffirmed
V.K. Gupta and Associates BG CRISIL A4+ 255 Reaffirmed
Velocis Systems Pvt Ltd CC CRISIL A3+ 330 Withdrawn
(Rating Reaffirmed and Withdrawn)
Velocis Systems Pvt Ltd LOC & BG CRISIL A3+ 382.5 Withdrawn
(Rating Reaffirmed and Withdrawn)
Velocis Systems Pvt Ltd Proposed CC Limit CRISIL A3+ 20 Withdrawn
(Rating Reaffirmed and Withdrawn)
Velocis Systems Pvt Ltd Proposed LOC & BG CRISIL A3+ 72.4 Withdrawn
(Rating Reaffirmed and Withdrawn)
Vichoor Bitu Chemicals BG CRISIL A4+ 10 Reaffirmed
Vinora Industries BG CRISIL A4+ 80 Reaffirmed
MEDIUM TERM RATINGS:
-------------------
TCP Ltd FD FA-/Stable 360 Reaffirmed
LONG TERM RATINGS:
-------------------
AAA Paper Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Aakrati Infratech Pvt Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Abharan Motors Pvt Ltd CC CRISIL 140 Reaffirmed
BB+/Stable
Abharan Motors Pvt Ltd Inventory Funding CRISIL 50 Reaffirmed
Fac BB+/Stable
Abharan Motors Pvt Ltd Proposed LT Bk CRISIL 64.6 Reaffirmed
Loan Fac BB+/Stable
Abharan Motors Pvt Ltd TL CRISIL 15 Reaffirmed
BB+/Stable
Ace Kudale Car Pvt Ltd CC CRISIL 35 Reaffirmed
B+/Stable
Ace Kudale Car Pvt Ltd Inventory Funding CRISIL 287.5 Reaffirmed
Fac B+/Stable
Ace Kudale Car Pvt Ltd Loan Against CRISIL 19.4 Reaffirmed
Property B+/Stable
Ace Kudale Car Pvt Ltd Proposed LT Bk CRISIL 242.8 Reaffirmed
Loan Fac B+/Stable
Ace Kudale Car Pvt Ltd TL CRISIL 35.3 Reaffirmed
B+/Stable
Advy Chemical Pvt Ltd CC CRISIL 90 -
BB/Stable
(Downgraded from 'CRISIL BB+/Stable')
Advy Chemical Pvt Ltd Cash TL CRISIL 46.6 -
BB/Stable
(Downgraded from 'CRISIL BB+/Stable')
Advy Chemical Pvt Ltd Export Packing CRISIL 60 -
Credit BB/Stable
(Downgraded from 'CRISIL BB+/Stable')
Advy Chemical Pvt Ltd Proposed LT Bk CRISIL 33.4 -
Loan Fac BB/Stable
(Downgraded from 'CRISIL BB+/Stable')
Afablez Semiconductor Pvt Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Ahuja Builders Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Airports Authority of India Proposed LT Bk CRISIL 36000 Reaffirmed
Loan Fac AAA/Stable
Aishwarya Infrastructure and Developers Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
AJ Gold And Silver Refinery Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Alchemy Techsol India Pvt Ltd CC CRISIL 200 Reaffirmed
BB/Stable
Alliance Commercial Transport Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Allied Nippon Pvt Ltd Export Packing CRISIL 70 Reaffirmed
Credit A-/Stable
Allied Nippon Pvt Ltd Proposed FB Bk CRISIL 110 Reaffirmed
Limits A-/Stable
Allied Nippon Pvt Ltd WC Fac CRISIL 500 Reaffirmed
A-/Stable
Ananta Charitable Educational Society Rupee TL CRISIL 915 Assigned
BB/Stable
Andhra Pradesh State Financial 9.48% Bond Series CRISIL 2000 Reaffirmed
Corporation V/2012* B+/Stable
(Removed from 'Rating Watch with Negative Implications'; Rating Reaffirmed)
*Amounts outstanding as on March 31, 2020)
Andhra Pradesh State Financial Series VII & CRISIL 1664 Reaffirmed
Corporation VIII/2014* B+/Stable
(Removed from 'Rating Watch with Negative Implications'; Rating Reaffirmed)
*Amounts outstanding as on March 31, 2020)
Anish Pharma Equip Pvt Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Anuradha Timbers International Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Arpit Projects Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Athena Tradewinds Pvt Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Auro Sundram Ply and Door Pvt Ltd CC CRISIL 200 Reaffirmed
BBB/Stable
B K Automobiles Pvt Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
B. D. Agro Products Pvt Ltd CC CRISIL 30 Reaffirmed
B/Stable
B. D. Agro Products Pvt Ltd Proposed FB Bk CRISIL 30 Reaffirmed
Limits B/Stable
Balaji Enterprises - Ponneri Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Basak Bottling Plant Pvt Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Benita Industries Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
BVSR Harda Betul Road Projects Pvt Ltd Proposed LT Bk CRISIL 319.6 -
Loan Fac BBB/Stable
(Upgraded from 'CRISIL BBB-/Stable')
BVSR Harda Betul Road Projects Pvt Ltd TL CRISIL 355 -
BBB/Stable
(Upgraded from 'CRISIL BBB-/Stable')
BVSR SSG Road Projects Pvt Ltd LT Loan CRISIL 767 -
BBB/Stable
BVSR SSG Road Projects Pvt Ltd Proposed LT Bk CRISIL 643 -
Loan Fac BBB/Stable
Chanasya Karle Infratech Pvt Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Chokshi Texlen Pvt Ltd CC CRISIL 110 Reaffirmed
BB+/Stable
Chokshi Texlen Pvt Ltd Proposed LT Bk CRISIL 32 Reaffirmed
Loan Fac BB+/Stable
Chokshi Texlen Pvt Ltd TL CRISIL 313 Reaffirmed
BB+/Stable
Classy Kontainers CC CRISIL 222.5 Reaffirmed
BBB/Positive
(Outlook revised from 'Stable' and rating reaffirmed)
Classy Kontainers CC & WC demand loan CRISIL 17.5 Reaffirmed
BBB/Positive
(Outlook revised from 'Stable' and rating reaffirmed)
Claymine Microns LLP Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Continental Conveyors Pvt Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Corporate Leisure And Property Proposed TL CRISIL 300 Assigned
Developments Pvt Ltd B+/Stable
Dayal Steel and Construction Pvt Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Desmi Equipments Pvt Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Dhruv Industries Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Dinesh Sanitary Store Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Dura Puf (Silvassa) Pvt Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Elcon Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Elektronik Lab India Pvt Ltd CC CRISIL 40 Reaffirmed
BB/Stable
ESM Textiles Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Esterkote Pvt Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Ferro Steel Solutions Channel Financing CRISIL 225 Reaffirmed
BB/Stable
Ferro Steel Solutions Inventory Funding CRISIL 200 Reaffirmed
Fac BB/Stable
Fresco Ceramic Pvt Ltd BG CRISIL 7 Withdrawn
B/Stable
(Issuer Not Cooperating)
Fresco Ceramic Pvt Ltd CC CRISIL 30 Withdrawn
B/Stable
(Issuer Not Cooperating)
Fresco Ceramic Pvt Ltd TL CRISIL 48.9 Withdrawn
B/Stable
(Issuer Not Cooperating)
G.G. Fashions Open CC - 134 Withdrawn
(Issuer Not Cooperating)
G.G. Fashions TL - 13.4 Withdrawn
(Issuer Not Cooperating)
Global Engineers Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Globus Clothing Company Foreign Currency TCRISIL 10 Reaffirmed
BB/Stable
Globus Clothing Company Proposed LT Bk CRISIL 6.8 Reaffirmed
Loan Fac BB/Stable
GLS Realty Pvt Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Gripwell Forgings and Tools Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
H.R. Builders Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Harshni Textiles Ltd CC CRISIL 156 Reaffirmed
BBB/Stable
Harshni Textiles Ltd Foreign Bill CRISIL 20 Reaffirmed
Discounting BBB/Stable
Harshni Textiles Ltd WC Demand Loan CRISIL 104 Reaffirmed
BBB/Stable
Haryana Oils and Soya Ltd LOC CRISIL D 950 -
(ISSUER NOT COOPERATING; Downgraded from 'CRISIL BB/Stable)
Haryana Oils and Soya Ltd Overdraft CRISIL D 40 -
(ISSUER NOT COOPERATING; Downgraded from 'CRISIL BB/Stable)
Haryana Rice Mill - Saharanpur Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Himalay Cold Storage Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Hitachi Hi-Rel Power Electronics Pvt Ltd Overdraft CRISIL 2250 Reaffirmed
AA-/Stable
Hitachi Hi-Rel Power Electronics Pvt Ltd Proposed LT Bk CRISIL 3 Reaffirmed
Loan Fac AA-/Stable
Holy Green Energy Pvt Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Indus Pharma Pvt Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
J Abdul Vahid Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
J and G Transformer Pvt Ltd CC CRISIL 90 -
B+/Stable
(Downgraded from 'CRISIL BB-/Stable')
Jain Electroplast Pvt Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
K. Manikandan Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Kalapurna Steel and Engineering Pvt Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Kalyani Timber Pvt Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Kapsons Worldwide Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Kaveri Infraprojects Pvt Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Kavi Poultrie Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Kavi Protein and Feed Pvt Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Kimaya Industries Pvt Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
KMC Blue Metals Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Krishna Construction Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Krishna Cotton - Jamnagar Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Kuber Texlen Pvt Ltd CC CRISIL 117.5 Reaffirmed
BB+/Stable
Kuber Texlen Pvt Ltd Proposed LT Bk CRISIL 10.7 Reaffirmed
Loan Fac BB+/Stable
Kuber Texlen Pvt Ltd TL CRISIL 79.3 Reaffirmed
BB+/Stable
Kumaran Systems Pvt Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Lacton Tiles Pvt Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Lakshmi Electrical Drives Ltd Bill Discounting CRISIL 80 -
BBB/Stable
(Downgraded from 'CRISIL BBB+/Stable')
Lakshmi Electrical Drives Ltd CC CRISIL 33 -
BBB/Stable
(Downgraded from 'CRISIL BBB+/Stable')
Lakshmi Electrical Drives Ltd Overdraft CRISIL 250 -
BBB/Stable
(Downgraded from 'CRISIL BBB+/Stable')
Lakshmi Electrical Drives Ltd Proposed LT Bk CRISIL 59 -
Loan Fac BBB/Stable
(Downgraded from 'CRISIL BBB+/Stable')
Laser Shaving India Pvt Ltd CC CRISIL 70 Reaffirmed
A-/Stable
Lavish Granito Pvt Ltd CC CRISIL 200 Reaffirmed
BB+/Stable
(Migrated from 'CRISIL BB+/Stable ISSUER NOT COOPERATING')
Lavish Granito Pvt Ltd LT Loan CRISIL 228 Reaffirmed
BB+/Stable
(Migrated from 'CRISIL BB+/Stable ISSUER NOT COOPERATING')
Levinza Ceramic Pvt Ltd CC CRISIL 30 Reaffirmed
B+/Stable
Levinza Ceramic Pvt Ltd TL CRISIL 68.1 Reaffirmed
B+/Stable
Linnhoff India Pvt Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
LSR Foods Ltd CC CRISIL D 100 -
(ISSUER NOT COOPERATING; Downgraded from 'CRISIL B+/Stable)
LSR Foods Ltd Inland/Import LOC CRISIL D 100 -
(ISSUER NOT COOPERATING; Downgraded from 'CRISIL B+/Stable)
M.G.B. Mobiles CC CRISIL 104 Reaffirmed
BB/Stable
M.G.B. Mobiles Electronic Dealer CRISIL 83.5 Reaffirmed
Financing BB/Stable
Scheme(e-DFS)
M.G.B. Mobiles LT Loan CRISIL 5 Reaffirmed
BB/Stable
Madhav Govind Food Products Pvt Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Maharaja Roofing Products Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Mahavir Metal Corporation Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Manasa Rice Industry Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Mani Agro Chemicals Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Maruthi Saw Mill - Bangalore CC/ Overdraft Fac CRISIL 15 -
B+/Stable
Maruthi Saw Mill - Bangalore Overdraft CRISIL 10 Assigned
B+/Stable
Mectech Knitfabs Pvt Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
MGR Agro Products Pvt Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Mishra Dhatu Nigam Ltd CC CRISIL 2000 Reaffirmed
AA-/Stable
(Outlook revised from 'Positive' and rating reaffirmed)
MKU Ltd BG CRISIL 500 Withdrawn
B/Stable
(ISSUER NOT COOPERATING; Rating Withdrawn)
MKU Ltd Buyer`s Credit CRISIL 220 Withdrawn
B/Stable
(ISSUER NOT COOPERATING; Rating Withdrawn)
MKU Ltd CC CRISIL 350 Withdrawn
B/Stable
(ISSUER NOT COOPERATING; Rating Withdrawn)
MKU Ltd Packing Credit CRISIL 240 Withdrawn
B/Stable
(ISSUER NOT COOPERATING; Rating Withdrawn)
MKU Ltd Standby LOC CRISIL 120 Withdrawn
B/Stable
(ISSUER NOT COOPERATING; Rating Withdrawn)
MKU Ltd TL CRISIL 254.5 Withdrawn
B/Stable
(ISSUER NOT COOPERATING; Rating Withdrawn)
Modern Prefab Systems Pvt Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Moti Ram Sunil Kumar Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Motilal Oswal Home Finance Ltd CC CRISIL 400 Reaffirmed
AA-/Stable
Motilal Oswal Home Finance Ltd LT Loan CRISIL 20310 Reaffirmed
AA-/Stable
Motilal Oswal Home Finance Ltd Proposed LT Bk CRISIL 4660 Reaffirmed
Loan Fac AA-/Stable
Motilal Oswal Home Finance Ltd WC Demand Loan CRISIL 250 Reaffirmed
AA-/Stable
Motilal Oswal Home Finance Ltd NCD CRISIL 10200 Reaffirmed
AA-/Stable
Motilal Oswal Home Finance Ltd NCD CRISIL 3300 Withdrawn
AA-/Stable
Motilal Oswal Home Finance Ltd LT Principal CRISIL PP-MLD 2500 Assigned
Protected Market AA-r/Stable
Linked Debentures
Motilal Oswal Home Finance Ltd LT Principal CRISIL PP-MLD 1000 Reaffirmed
Protected Market AA-r/Stable
Linked Debentures
Motilal Oswal Home Finance Ltd LT Principal CRISIL PP-MLD 1000 Reaffirmed
Protected Market AA-r/Stable
Linked Debentures
Motilal Oswal Home Finance Ltd LT Principal CRISIL PP-MLD 1000 Reaffirmed
Protected Market AA-r/Stable
Linked Debentures
Mukesh Furnishings Pvt Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Mvd Infradevelopers Pvt Ltd CC CRISIL 10 Reaffirmed
B+/Stable
(Migrated from 'CRISIL B+/Stable ISSUER NOT COOPERATING')
Nahalchand Laloochand Pvt Ltd TL CRISIL 200 Reaffirmed
BB-/Stable
Navdip Forge Pvt Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Nemcare Hospitals Pvt Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
North Point Education Trust Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Nuflower Foods And Nutrition Pvt Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Om Satya Overseas Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
P D Enterprises - Delhi Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
P. P. John Constructions Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
P. Rajagopal and R. Saravanan Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Partap Wires (India) Pvt Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Parv Metal Processing Co. Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Patanjali Agro India Pvt Ltd CC CRISIL 250 Assigned
BB+/Stable
Patanjali Agro India Pvt Ltd Proposed FB Bk CRISIL 50 Assigned
Limits BB+/Stable
Picson Construction Equipments Pvt Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Pragati Construction - Pune Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Psk Infrapower Pvt Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Radheshyam Industries Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Raitha Seva Sahakara Sangha Niyamitha Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Raj Vehicles Mohali CC CRISIL 115 Reaffirmed
BB-/Stable
Raj Vehicles Mohali Inventory Funding CRISIL 30 Reaffirmed
Fac BB-/Stable
Rajdeep Electricals Pvt Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Raju E V Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Rama Exports Bill Discounting - 175 Withdrawn
(Issuer Not Cooperating)
Rama Exports Proposed WC Fac - 5 Withdrawn
(Issuer Not Cooperating)
Ranger Cotton Mills India Pvt Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Rani International Bill Discounting - 115 Withdrawn
(Issuer Not Cooperating)
Ravi Industries - Pune Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Ravi Rajasekhar Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Rcik Foods Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Real Constructions CC CRISIL 50 Assigned
B+/Stable
Relcom Technology Pvt Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Rohan Industries - Alwar Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Rukhmani Cottex Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
S Ten Lighting Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
S.R. Cashews Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Sahajanand Medical Technologies Pvt Ltd CC CRISIL 750 Reaffirmed
A-/Stable
Sahajanand Medical Technologies Pvt Ltd Proposed Standby CRISIL 1000 Assigned
Line of Credit A-/Stable
Sajeev Mathew and Co. Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Sanjay Industrial Steels (Bhopal) Pvt Rating Advisory - - -
Ltd
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Sasidhar Poultries Pvt Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Satyam Plastfab Pvt Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Seawood Multiple Services LLP Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Selva Stone Export Ltd CC CRISIL 20 Reaffirmed
BB-/Stable
Selva Stone Export Ltd LT Loan CRISIL 1.4 Reaffirmed
BB-/Stable
Selva Stone Export Ltd Proposed LT Bk CRISIL 51.1 Reaffirmed
Loan Fac BB-/Stable
Shantilal C. Mehta Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Shine Cot-Spin Pvt Ltd BG - 20 Withdrawn
(Issuer Not Cooperating)
Shine Cot-Spin Pvt Ltd CC - 60 Withdrawn
(Issuer Not Cooperating)
Shine Cot-Spin Pvt Ltd LT Loan - 450 Withdrawn
(Issuer Not Cooperating)
Shine Cot-Spin Pvt Ltd Proposed LT Bk - 10 Withdrawn
Loan Fac
(Issuer Not Cooperating)
Shree Mahalaxmi Himghar Pvt Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Shree Mangal Trading Company Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Shree Ram Construction Company Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Shrim Bhanu Construction Pvt Ltd Rating Advisory - - -
(CRISIL vide its publication dated July 13, 2020 highlighted the aspect of non-co-operation by
Shrim Bhanu Construction Private Limited.)
Shubh Aluminium Pvt Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Sigma Search Lights Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Skyway RMC Plants Pvt Ltd CC CRISIL 1010 Reaffirmed
BB+/Negative
Smlash Ispat Pvt Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Smp Constructions Pvt Ltd CC CRISIL 80 Reaffirmed
BBB-/Stable
Solcen Infra Pvt Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Southern Cooling Towers Pvt Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Sri Jayamalar Spinning Mills Pvt Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Sri Kirthika Pipes Pvt Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Sri Ramakrishna Blue Metals Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Sri Varalakshmi Agro Tech Industries CC CRISIL 100 -
BB-/Stable
(Upgraded from 'CRISIL B+/Stable')
Sri Varalakshmi Agro Tech Industries Cash TL CRISIL 55 -
BB-/Stable
(Upgraded from 'CRISIL B+/Stable')
Sri Varalakshmi Agro Tech Industries Key CC CRISIL 45 -
BB-/Stable
(Upgraded from 'CRISIL B+/Stable')
Srigdhaa Beverages Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Sruti Filatex Pvt Ltd CC CRISIL 155 Reaffirmed
BB+/Stable
Sruti Filatex Pvt Ltd Proposed LT Bk CRISIL 36.9 Reaffirmed
Loan Fac BB+/Stable
Sruti Filatex Pvt Ltd TL CRISIL 78.1 Reaffirmed
BB+/Stable
Steel Crackers Pvt Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
StockHolding Document Management CC CRISIL 50 Reaffirmed
Services Ltd BBB/Negative
Subico Food Products LT Loan CRISIL 43.7 Assigned
B+/Stable
Suyash Kraft and Papers Ltd CC CRISIL 64 Reaffirmed
BB+/Stable
Suyash Kraft and Papers Ltd LT Loan CRISIL 15.5 Reaffirmed
BB+/Stable
TCP Ltd CC CRISIL 680 -
BBB-/Stable
(Downgraded from 'CRISIL BBB/Stable')
TCP Ltd Proposed CC Limit CRISIL 557.4 -
BBB-/Stable
(Downgraded from 'CRISIL BBB/Stable')
Tejas Superstructures Pvt Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
The Nadar Press Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
The Share Macts Ltd Proposed LT Bk CRISIL 100 Reaffirmed
Loan Fac B+/Stable
(Issuer Not Cooperating)
The Ugar Sugar Works Ltd CC CRISIL 2470 -
BB+/Stable
(Upgraded from 'CRISIL BB/Stable')
The Ugar Sugar Works Ltd TL CRISIL 650 -
BB+/Stable
(Upgraded from 'CRISIL BB/Stable')
TLT Engineering India Pvt Ltd CC CRISIL 75 Reaffirmed
BB/Stable
Tubes India Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Unitech Cotspin Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
V. C. Traders - Pune Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
V.K. Gupta and Associates CC CRISIL 45 -
BB/Stable
Vag Buildtech Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Vaigai Leather Corporation Export Packing CRISIL 60 Reaffirmed
Credit B+/Stable
(Issuer Not Cooperating)
VAS Logistructure Corpo Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Vichoor Bitu Chemicals CC CRISIL 55 Reaffirmed
BB-/Stable
Vichoor Bitu Chemicals LT Loan CRISIL 20 Reaffirmed
BB-/Stable
Vichoor Bitu Chemicals Proposed LT Bk CRISIL 5 Reaffirmed
Loan Fac BB-/Stable
Vijay Exports - Mumbai Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Vinko Auto Industries Ltd TL CRISIL 4.6 Withdrawn
B/Stable
(ISSUER NOT COOPERATING; Rating Withdrawn)
Vinora Industries CC CRISIL 30 Reaffirmed
BB-/Stable
Vinora Industries Proposed LT Bk CRISIL 20 Reaffirmed
Loan Fac BB-/Stable
Vishal Arogya Sampat Pvt Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Vora Packaging Pvt Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
York Exports Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Young Industries 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 rru.data@refinitiv.com)
Our Standards:The Thomson Reuters Trust Principles.
