CRISIL Ratings for Indian Debt Instruments – April 1

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


COMPANY                               INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                        (RS.MLN)
------                                ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
AIC Infrastructures Pvt Ltd            Proposed NFBL     CRISIL A3     350    Assigned
Apollo Tyres Ltd                       LOC^              CRISIL A1+    6000   Reaffirmed
^Interchangeable with bank guarantee/letter of undertaking or acceptances for buyer's
credit/packing credit
Apollo Tyres Ltd                       CP                CRISIL A1+    9000   Reaffirmed
Ashika Commodities and Derivatives Pvt BG                CRISIL A4+    170    Reaffirmed
Ltd
Ashika Commodities and Derivatives Pvt Proposed ST Bk    CRISIL A4+    50     Reaffirmed
Ltd                                    Loan Fac
Ashika Stock Broking Ltd               BG                CRISIL A4+    495.8  Reaffirmed
Asirvad Microfinance Ltd               CP Programme      CRISIL A1+    4000   Reaffirmed
Avendus Finance Pvt Ltd                CP                CRISIL A1+    1000   Reaffirmed
BPS Industries                         Export Packing    CRISIL A3+    95     Reaffirmed
                                       Credit & Export
                                       Bills Negotiation/Foreign Bill discounting
BPS Industries                         LOC               CRISIL A3+    10     Reaffirmed
Britannia Industries Ltd               BG                CRISIL A1+    320    Reaffirmed
Britannia Industries Ltd               Buyers Finance    CRISIL A1+    21     Reaffirmed
Britannia Industries Ltd               [email protected]              CRISIL A1+    990    Reaffirmed
@Interchangeable with bank guarantees
Britannia Industries Ltd               Overdraft         CRISIL A1+    550    Reaffirmed
Britannia Industries Ltd               Proposed ST Bk    CRISIL A1+    1619   Reaffirmed
                                       Loan Fac
Britannia Industries Ltd               CP                CRISIL A1+    8000   Reaffirmed
DTDC Express Ltd                       LOC & BG          CRISIL A2+    60     Reaffirmed
E C Blades and Tools Pvt Ltd           BG                CRISIL A1     250    Reaffirmed
Emami Ltd                              CP                CRISIL A1+    5000   Reaffirmed
Entertainment Network (India) Ltd      ST Bk Fac         CRISIL A1+    200    Reaffirmed
Entertainment Network (India) Ltd      CP                CRISIL A1+    3000   Reaffirmed
Fariyas Hotels Pvt Ltd                 Overdraft         CRISIL A3     30     Assigned
Force Motors Ltd                       LOC^              CRISIL A1+    1200   Reaffirmed
^Interchangeable with Bank Guarantee
G.D. Foods Manufacturing (India) Pvt LtBG                CRISIL A3     15     Reaffirmed
G.D. Foods Manufacturing (India) Pvt LtLOC               CRISIL A3     40     Reaffirmed
Ghaziabad Precision Products Pvt Ltd   Foreign Exchange  CRISIL A2     4      Downgraded
                                       Forward                                from 'CRISIL
                                                                              A2+
Hinduja Global Solutions Ltd           Packing Credit    CRISIL A1+    100    Reaffirmed
Hinduja Global Solutions Ltd           CP Programme      CRISIL A1+    1250   Reaffirmed
Jet Freight Logistics Ltd              BG                CRISIL A3     30.3   Assigned
KGR Rigs & Mining Equipment            Overdraft         CRISIL A4+    50     Assigned
Leer Chem India Pvt Ltd                Overdraft         CRISIL A4     18.5   Assigned
Machine Tools India Ltd                Letter Of GuaranteCRISIL A4+    70     Reaffirmed
Mangalam Rice Mill Pvt Ltd             BG                CRISIL A4+    4.9    Assigned
Maruichi KUMA Steel Tube Pvt Ltd       LOC               CRISIL A1     700    Reaffirmed
Maruichi KUMA Steel Tube Pvt Ltd       ST Loan           CRISIL A1     139    Reaffirmed
Metalman Auto Pvt Ltd                  Packing Credit    CRISIL A2+    30     Reaffirmed
Motilal Oswal Home Finance Ltd         CP                CRISIL A1+    10000  Reaffirmed
National Housing Bank                  Proposed ST Bk    CRISIL A1+    80000  Reaffirmed
                                       Loan Fac
National Housing Bank                  CP                CRISIL A1+    70000  Reaffirmed
Navratan Specialty Chemicals LLP       LOC & BG**        CRISIL A2     285    Reaffirmed
**Both ways full interchangeability between fund-based and non-fund based working capital
facilities
Neptunus Power Plant Services Pvt Ltd  Foreign Exchange  CRISIL A3+    46.8   Downgraded
                                       Forward                                from 'CRISIL
                                                                              A2
Neptunus Power Plant Services Pvt Ltd  Standby Line of   CRISIL A3+    50     Downgraded
                                       Credit                                 from 'CRISIL
                                                                              A2
NTPC Ltd                               BG                CRISIL A1+    28200  Reaffirmed
NTPC Ltd                               LOC               CRISIL A1+    26800  Reaffirmed
NTPC Ltd                               CP                CRISIL A1+    201000 Reaffirmed
Plastiblends India Ltd                 LOC & BG          CRISIL A1     36     Reaffirmed
Plastiblends India Ltd                 Proposed LOC & BG CRISIL A1     10     Reaffirmed
Plastiblends India Ltd                 CP                CRISIL A1     150    Reaffirmed
PTC Energy Ltd                         BG                CRISIL A1     490    Reaffirmed
PTC Energy Ltd                         Line of Credit    CRISIL A1     500    Reaffirmed
PTC Energy Ltd                         Proposed ST Bk    CRISIL A1     1000   Reaffirmed
                                       Loan Fac
PTC Energy Ltd                         ST [email protected]          CRISIL A1     200    Reaffirmed
@One way interchangeable with bank guarantee
Ramanath Shridhar Shanbhag             BG                CRISIL A4+    30     Assigned
S S Chauhans Construction Pvt Ltd      BG                CRISIL A4+    83.5   Assigned
Safari Industries India Ltd            Non-FBL#          CRISIL A2+    275    Reaffirmed
#Fully fungible between fund based and non-fund based facilities
Santhalakshmi Mills India Llp          Packing Credit    CRISIL A4+    25     Assigned
Sobha Ltd                              BG                CRISIL A1     1725   Reaffirmed
Sri Nidamanuri Educational Society     Overdraft         CRISIL A4+    90     Reaffirmed
Swastika Infra Pvt Ltd                 LOC               CRISIL A3     90     Assigned
Swastika Infra Pvt Ltd                 Letter Of GuaranteCRISIL A3     150    Assigned
Swastika Infra Pvt Ltd                 BG                CRISIL A3     90     Assigned
Tamilnad Mercantile Bank Ltd           CDs               CRISIL A1+    10000  Reaffirmed
Tata Autocomp Systems Ltd              LOC*              CRISIL A1+    600    Reaffirmed
*Interchangeable with bank guarantee
Tata Capital Housing Finance Ltd       CP                CRISIL A1+    80000  Reaffirmed
Tata Cleantech Capital Ltd             ST Bk Fac         CRISIL A1+    1000   Reassigned
Tata Cleantech Capital Ltd             CP                CRISIL A1+    20000  Reaffirmed
TeamLease Services Ltd                 CP                CRISIL A2+    250    Withdrawn
Technocraft Industries India Ltd       BG                CRISIL A1+    505.3  Reaffirmed
Technocraft Industries India Ltd       Foreign Exchange  CRISIL A1+    12.5   Reaffirmed
                                       Forward
Technocraft Industries India Ltd       LOC & BG          CRISIL A1+    100    Reaffirmed
Technocraft Industries India Ltd       Overdraft         CRISIL A1+    250    Reaffirmed
Technocraft Industries India Ltd       Packing Credit in CRISIL A1+    220    Reaffirmed
                                       Foreign Currency
Technocraft Industries India Ltd       Post Shipment     CRISIL A1+    550    Reaffirmed
                                       Credit
Technocraft Industries India Ltd       Packing Credit%   CRISIL A1+    550    Reaffirmed
%Fully Interchangeable with Export Packing Credit, Pre shipment/Post Shipment finance, Foreign
Bill Purchase /Discounting /Negotiation; Interchangeable with Letter of credit to the extent of
Rs. 20 crores; Interchangeable with Bank Guarantee (Financial/Performance) to the extent of Rs.
15 crores.
Threads India Ltd                      BG                CRISIL A1     15     Reaffirmed
Threads India Ltd                      LOC               CRISIL A1     200    Reaffirmed
Threads India Ltd                      Standby Line of   CRISIL A1     50     Reaffirmed
                                       Credit
Threads India Ltd                      Vendor Financing  CRISIL A1     20     Reaffirmed
Tritan Leather Works Pvt Ltd           Export Packing    CRISIL A3+    85     Reaffirmed
                                       Credit & Export
                                       Bills Negotiation/Foreign Bill discounting
Tritan Leather Works Pvt Ltd           LOC               CRISIL A3+    10     Reaffirmed
Unique Construction - Surat            BG                CRISIL A4+    770    -
(Issuer not cooperating)
3D Product Development Pvt Ltd         Proposed TL       -             100    Withdrawn


MEDIUM TERM RATINGS:
-------------------
National Housing Bank                  FD Programme      FAAA/Stable   1466   Reaffirmed
NTPC Ltd                               FD                FAAA/Stable   -      Reaffirmed

LONG TERM RATINGS:
-------------------
A S Marine Industries Pvt Ltd          Foreign           -             15     Withdrawn
                                       Documentary Bills
                                       Purchase
A S Marine Industries Pvt Ltd          Packing Credit    -             80     Withdrawn
A S Marine Industries Pvt Ltd          Proposed LT Bk    -             5      Withdrawn
                                       Loan Fac
ABCI Infrastructures Pvt Ltd           Ratings           -             -      -
CRISIL is awaiting adequate information from company which will enable to carry out the rating
review.
Acid India Ltd                         CC                -             130    Withdrawn
Acid India Ltd                         Proposed LT Bk    -             70     Withdrawn
                                       Loan Fac
ACT Infraport Ltd                      BG                -             10     Withdrawn
ACT Infraport Ltd                      CC*               -             250    Withdrawn
*includes Rs 2 crore fully interchangeable with bank guarantee 
ACT Infraport Ltd                      CC                -             50     Withdrawn
ACT Infraport Ltd                      TL                -             200    Withdrawn
Aerobok Shoe Pvt Ltd                   CC                -             350    Withdrawn
Aerobok Shoe Pvt Ltd                   LOC               -             80     Withdrawn
Aerobok Shoe Pvt Ltd                   Proposed WC Fac   -             35     Withdrawn
Aerobok Shoe Pvt Ltd                   TL                -             325    Withdrawn
AIC Infrastructures Pvt Ltd            Proposed FB Bk    CRISIL        150    Assigned
                                       Limits            BBB-/Positive
Aiswarya Granites                      Ratings           -             -      -
CRISIL is awaiting adequate information from company which will enable to carry out the rating
review.
Almondz Global Infra-Consultant Ltd    BG                -             87.1   Withdrawn
Almondz Global Infra-Consultant Ltd    TL                -             12.9   Withdrawn
Alok Dinesh Chand Sarda                Ratings           -             -      -
CRISIL is awaiting adequate information from company which will enable to carry out the rating
review.
Anantha Refinery Pvt Ltd               Ratings           -             -      -
CRISIL is awaiting adequate information from company which will enable to carry out the rating
review.
Apollo Tyres Ltd                       CC**              CRISIL        10000  Reaffirmed
                                                         AA+/Stable
**Interchangeable with working capital demand loan/foreign currency non-repatriable (B)/buyer's
credit/overdraft/foreign bill discounting/export bill receivables
Apollo Tyres Ltd                       TL                CRISIL        6500   Reaffirmed
                                                         AA+/Stable
Apollo Tyres Ltd                       NCD               CRISIL        5000   Reaffirmed
                                                         AA+/Stable
Apollo Tyres Ltd                       NCD               CRISIL        3250   Reaffirmed
                                                         AA+/Stable
Apollo Tyres Ltd                       NCD               CRISIL        4500   Reaffirmed
                                                         AA+/Stable
Apollo Tyres Ltd                       NCD               CRISIL        3000   Reaffirmed
                                                         AA+/Stable
Aqualite India Ltd                     Proposed LT Bk    -             125    Withdrawn
                                       Loan Fac
Aqualite Rubbers and Plastics Pvt Ltd  CC                -             25     Withdrawn
Aqualite Rubbers and Plastics Pvt Ltd  Foreign Exchange  -             1.8    Withdrawn
                                       Forward
Aqualite Rubbers and Plastics Pvt Ltd  TL                -             150    Withdrawn
Ashika Commodities and Derivatives Pvt Overdraft         CRISIL        18     Reaffirmed
Ltd                                                      BB+/Stable
Ashika Commodities and Derivatives Pvt Proposed LT Bk    CRISIL        162    Reaffirmed
Ltd                                    Loan Fac          BB+/Stable
Ashika Stock Broking Ltd               Overdraft         CRISIL        150    Reaffirmed
                                                         BB+/Stable
Ashika Stock Broking Ltd               Proposed LT Bk    CRISIL        254.2  Reaffirmed
                                       Loan Fac          BB+/Stable
Asirvad Microfinance Ltd               Proposed LT Bk    CRISIL        4524.3 Reaffirmed
                                       Loan Fac          AA-/Stable
Asirvad Microfinance Ltd               TL                CRISIL        15475.7Reaffirmed
                                                         AA-/Stable
Asirvad Microfinance Ltd               NCDs              CRISIL        3000   Reaffirmed
                                                         AA-/Stable
Asirvad Microfinance Ltd               NCDs              CRISIL        3000   Reaffirmed
                                                         AA-/Stable
Asirvad Microfinance Ltd               NCDs              CRISIL        2500   Reaffirmed
                                                         AA-/Stable
Asirvad Microfinance Ltd               NCDs              CRISIL        2000   Reaffirmed
                                                         AA-/Stable
Asirvad Microfinance Ltd               NCDs              CRISIL        1000   Reaffirmed
                                                         AA-/Stable
Asirvad Microfinance Ltd               NCDs              CRISIL        1250   Reaffirmed
                                                         AA-/Stable
Asirvad Microfinance Ltd               NCDs              CRISIL        2000   Reaffirmed
                                                         AA-/Stable
Asirvad Microfinance Ltd               NCDs              CRISIL        2000   Reaffirmed
                                                         AA-/Stable
Asirvad Microfinance Ltd               Subordinated Debt CRISIL        1250   Reaffirmed
                                                         AA-/Stable
Asirvad Microfinance Ltd               LT Principal      CRISIL PP-MLD 500    Reaffirmed
                                       Protected Market  AA-r/Stable
                                       Linked Debentures
Avalon Cosmetics Pvt Ltd               CC                CRISIL        85     Reaffirmed
                                                         BBB+/Stable
Avalon Cosmetics Pvt Ltd               Proposed FB Bk    CRISIL        562.5  Reaffirmed
                                       Limits            BBB+/Stable
Avalon Cosmetics Pvt Ltd               TL                CRISIL        352.5  Reaffirmed
                                                         BBB+/Stable
Avendus Finance Pvt Ltd                CC                CRISIL        250    Reaffirmed
                                                         A+/Stable
Avendus Finance Pvt Ltd                Proposed LT Bk    CRISIL        1050   Reaffirmed
                                       Loan Fac          A+/Stable
Avendus Finance Pvt Ltd                TL                CRISIL        4550   Reaffirmed
                                                         A+/Stable
Avendus Finance Pvt Ltd                NCD               CRISIL        500    Withdrawn
                                                         A+/Stable
Avendus Finance Pvt Ltd                NCD               CRISIL        3000   Reaffirmed
                                                         A+/Stable
Avendus Finance Pvt Ltd                NCD               CRISIL        2000   Reaffirmed
                                                         A+/Stable
Avendus Finance Pvt Ltd                LT Principal      CRISIL PP-MLD 1000   Reaffirmed
                                       Protected Market  A+r/Stable
                                       Linked Debentures
Avendus Finance Pvt Ltd                LT Principal      CRISIL PP-MLD 1000   Assigned
                                       Protected Market  A+r/Stable
                                       Linked Debentures
BPS Industries                         Bill Discounting  CRISIL        45     Reaffirmed
                                                         BBB/Stable
Brahmaputra Automobiles                CC                CRISIL B/Stabl30     Assigned
Brahmaputra Automobiles                Proposed LT Bk    CRISIL B/Stabl23.5   Assigned
                                       Loan Fac
Britannia Industries Ltd               CC**              CRISIL        500    Reaffirmed
                                                         AAA/Stable
**Interchangeable with working capital demand loan and overdraft
Britannia Industries Ltd               Proposed LT Bk    CRISIL        5000   Reaffirmed
                                       Loan Fac          AAA/Stable
Britannia Industries Ltd               WC Demand Loan^   CRISIL        1000   Reaffirmed
                                                         AAA/Stable
^Interchangeable with overdraft or cash credit
Britannia Industries Ltd               NCD               CRISIL        5000   Reaffirmed
                                                         AAA/Stable
Britannia Industries Ltd               NCD               CRISIL        7200   Reaffirmed
                                                         AAA/Stable
Bundelkhand Enterprises Pvt Ltd        Drop Line         -             17.5   Withdrawn
                                       Overdraft Fac
Bundelkhand Enterprises Pvt Ltd        Electronic Dealer -             92.5   Withdrawn
                                       Financing
                                       Scheme(e-DFS)
Bundelkhand Enterprises Pvt Ltd        Proposed LT Bk    -             10     Withdrawn
                                       Loan Fac
Bwda Finance Ltd                       Proposed LT Bk    -             1500   Withdrawn
                                       Loan Fac
DJ Energy Pvt Ltd                      TL                -             2571.5 Withdrawn
DJ Energy Pvt Ltd                      Proposed LT Bk    CRISIL        6      Reaffirmed
                                       Loan Fac          A-/Stable
DJ Energy Pvt Ltd                      TL                CRISIL        3422.5 Reaffirmed
                                                         A-/Stable
DJ Energy Pvt Ltd                      WC Fac            CRISIL        500    Assigned
                                                         A-/Stable
DTDC Express Ltd                       CC                CRISIL        830    Reaffirmed
                                                         A-/Positive
DTDC Express Ltd                       Proposed LT Bk    CRISIL        800    Reaffirmed
                                       Loan Fac          A-/Positive
DYP Hospitality Pvt Ltd                Secured Overdraft CRISIL        40     Assigned
                                       Fac               BB-/Stable
DYP Hospitality Pvt Ltd                TL                CRISIL        500    Assigned
                                                         BB-/Stable
E C Blades and Tools Pvt Ltd           CC                CRISIL A/Stabl500    Reaffirmed
Entertainment Network (India) Ltd      BG                CRISIL        200    Reaffirmed
                                                         AA+/Stable
Entertainment Network (India) Ltd      CC/ Overdraft Fac CRISIL        100    Reaffirmed
                                                         AA+/Stable
Entertainment Network (India) Ltd      NCD               CRISIL        500    Reaffirmed
                                                         AA+/Stable
Fariyas Hotels Pvt Ltd                 Proposed LT Bk    CRISIL BBB-   38     Assigned
                                       Loan Fac
Fariyas Hotels Pvt Ltd                 TL                CRISIL BBB-   282    Assigned
Featherlite Buildcon Pvt Ltd           Proposed LT Bk    -             0.6    (Rating
                                       Loan Fac                               reaffirmed
                                                                              and Withdrawn)
Featherlite Buildcon Pvt Ltd           TL                -             119.4  (Rating
                                                                              reaffirmed
                                                                              and Withdrawn)
Force Motors Ltd                       TL                -             375    Withdrawn
Force Motors Ltd                       CC                CRISIL        3000   Reaffirmed
                                                         AA/Stable
Force Motors Ltd                       TL                CRISIL        2625   Reaffirmed
                                                         AA/Stable
G. Venkata Rao And Co.                 Ratings           -             -      -
CRISIL is awaiting adequate information from company which will enable to carry out the rating
review.
G.D. Foods Manufacturing (India) Pvt   CC                CRISIL        400    Reaffirmed
Ltd                                                      BBB-/Negative
G.D. Foods Manufacturing (India) Pvt   Proposed FB Bk    CRISIL        133    Reaffirmed
Ltd                                    Limits            BBB-/Negative
G.D. Foods Manufacturing (India) Pvt   Rupee TL          CRISIL        170    Reaffirmed
Ltd                                                      BBB-/Negative
G.D. Foods Manufacturing (India) Pvt   WC TL             CRISIL        72     Reaffirmed
Ltd                                                      BBB-/Negative
Ganpati Advisory Ltd                   Ratings           -             -      -
CRISIL is awaiting adequate information from company which will enable to carry out the rating
review.
Ghaziabad Precision Products Pvt Ltd   CC                CRISIL        100    Downgraded
                                                         BBB+/Stable          from 'CRISIL
                                                                              A-/Stable
Ghaziabad Precision Products Pvt Ltd   Export Packing    CRISIL        100    Downgraded
                                       Credit            BBB+/Stable          from 'CRISIL
                                                                              A-/Stable
Ghaziabad Precision Products Pvt Ltd   Foreign Bill      CRISIL        100    Downgraded
                                       Discounting       BBB+/Stable          from 'CRISIL
                                                                              A-/Stable
Ghaziabad Precision Products Pvt Ltd   LT Loan           CRISIL        121    Downgraded
                                                         BBB+/Stable          from 'CRISIL
                                                                              A-/Stable
Global Flavours and Ingredients Pvt LtdCC                -             100    Withdrawn
Godawri Motors Pvt Ltd                 Ratings           -             -      -
CRISIL is awaiting adequate information from company which will enable to carry out the rating
review.
H.M. Textiles Pvt Ltd                  CC                -             150    Withdrawn
H.V.Equipments Pvt Ltd                 BG                -             120    Withdrawn
H.V.Equipments Pvt Ltd                 BG                -             10     Withdrawn
H.V.Equipments Pvt Ltd                 Overdraft         -             40     Withdrawn
H.V.Equipments Pvt Ltd                 Proposed BG       -             40     Withdrawn
Hari Bhog Overseas                     CC                -             90     Withdrawn
Hari Bhog Overseas                     TL                -             10     Withdrawn
Hinduja Global Solutions Ltd           CC*               CRISIL        2900   Reaffirmed
                                                         A+/Stable
*Interchangeable with post-shipment credit and other WC financing instruments
Hinduja Global Solutions Ltd           Proposed TL       CRISIL        1500   Reaffirmed
                                                         A+/Stable
Hinduja Global Solutions Ltd           Proposed WC Fac   CRISIL        500    Reaffirmed
                                                         A+/Stable
IDMC Ltd                               BG                -             6742.7 Withdrawn
IDMC Ltd                               LOC               -             547.3  Withdrawn
IDMC Ltd                               Proposed LT Bk    -             400    Withdrawn
                                       Loan Fac
Image Labels Pvt Ltd                   Ratings           -             -      -
CRISIL is awaiting adequate information from company which will enable to carry out the rating
review.
Jai Ambey Distributors                 CC                Withdrawn     55     (Rating
                                                                              reaffirmed
                                                                              and Withdrawn)
Jai Ambey Distributors                 Proposed CC Limit Withdrawn     10     (Rating
                                                                              reaffirmed
                                                                              and Withdrawn)
Jet Freight Logistics Ltd              TL                CRISIL        45.5   Assigned
                                                         BBB-/Stable
Jet Freight Logistics Ltd              CC                CRISIL        294.2  Assigned
                                                         BBB-/Stable
JP Morgan Securities India Pvt Ltd     NCD               CRISIL        20000  Reaffirmed
                                                         AAA/Stable
K.D.Liquor and Fertilizer Pvt Ltd      Ratings           -             -      -
CRISIL is awaiting adequate information from company which will enable to carry out the rating
review.
Keshav Enterprises - Navi Mumbai       TL                CRISIL        7      Assigned
                                                         B+/Stable
Keshav Enterprises - Navi Mumbai       Proposed LT Bk    CRISIL        1      Assigned
                                       Loan Fac          B+/Stable
Keshav Enterprises - Navi Mumbai       Secured Overdraft CRISIL        7      Assigned
                                       Fac               B+/Stable
KGR Rigs & Mining Equipment            Proposed LT Bk    CRISIL        450    Assigned
                                       Loan Fac          BB-/Stable
(Issuer not cooperating)
Kolte-Patil Developers Ltd             CC/ Overdraft Fac CRISIL        1650   Reaffirmed
                                                         A+/Stable
Kolte-Patil Developers Ltd             Corporate Loan    CRISIL        650    Reaffirmed
                                                         A+/Stable
Kolte-Patil Developers Ltd             Proposed LT Bk    CRISIL        460    Reaffirmed
                                       Loan Fac          A+/Stable
Kolte-Patil Developers Ltd             TL                CRISIL        3240   Reaffirmed
                                                         A+/Stable
Kuantum Papers Ltd                     Ratings           -             -      -
CRISIL is awaiting adequate information from company which will enable to carry out the rating
review.
Leer Chem India Pvt Ltd                Proposed LT Bk    CRISIL        151.5  Assigned
                                       Loan Fac          B+/Stable
Lumax Cornaglia Auto Technologies Pvt  CC & WC demand loaCRISIL        150    Reaffirmed
Ltd                                                      BBB+/Stable
Machine Tools India Ltd                CC                CRISIL        80     Reaffirmed
                                                         BB-/Stable
Madhurima Industries Pvt Ltd           CC                CRISIL B/Stabl15     Assigned
Madhurima Industries Pvt Ltd           TL                CRISIL B/Stabl33     Assigned
Madras Hydraulic Hose Pvt Ltd          Bill Discounting  -             60     Withdrawn
Madras Hydraulic Hose Pvt Ltd          Export Packing    -             60     Withdrawn
                                       Credit
Madras Hydraulic Hose Pvt Ltd          LOC               -             80     Withdrawn
Madras Hydraulic Hose Pvt Ltd          Proposed LT Bk    -             25.9   Withdrawn
                                       Loan Fac
Madras Hydraulic Hose Pvt Ltd          Standby Fund Based-             25     Withdrawn
                                       WC
Malke Pvt Ltd                          CC                CRISIL        20     Assigned
                                                         BB+/Stable
Malke Pvt Ltd                          TL                CRISIL        70     Assigned
                                                         BB+/Stable
Manappuram Jewellers Ltd               CC                CRISIL        1190   Reaffirmed
                                                         BBB-/Stable
Mangalam Rice Mill Pvt Ltd             CC                CRISIL        80     Assigned
                                                         BB/Stable
Mangalam Rice Mill Pvt Ltd             TL                CRISIL        15.1   Assigned
                                                         BB/Stable
Maruichi KUMA Steel Tube Pvt Ltd       CC                CRISIL A/Stabl50     Reaffirmed
Maruichi KUMA Steel Tube Pvt Ltd       Overdraft         CRISIL A/Stabl31     Reaffirmed
Maruichi KUMA Steel Tube Pvt Ltd       Proposed LT Bk    CRISIL A/Stabl44     Reaffirmed
                                       Loan Fac
Metalman Auto Pvt Ltd                  CC                CRISIL        270    Reaffirmed
                                                         A-/Stable
Metalman Auto Pvt Ltd                  TL                CRISIL        1450   Reaffirmed
                                                         A-/Stable
Mohan Breweries and Distilleries Ltd   CC                CRISIL B/Stabl200    Assigned
Motilal Oswal Home Finance Ltd         CC                CRISIL        500    Reaffirmed
                                                         AA-/Stable
Motilal Oswal Home Finance Ltd         LT Loan           CRISIL        23520  Reaffirmed
                                                         AA-/Stable
Motilal Oswal Home Finance Ltd         Proposed LT Bk    CRISIL        1350   Reaffirmed
                                       Loan Fac          AA-/Stable
Motilal Oswal Home Finance Ltd         WC Demand Loan    CRISIL        250    Reaffirmed
                                                         AA-/Stable
Motilal Oswal Home Finance Ltd         NCDs              CRISIL        3500   Reaffirmed
                                                         AA-/Stable
Motilal Oswal Home Finance Ltd         NCD               CRISIL        10000  Reaffirmed
                                                         AA-/Stable
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
National Highways Authority of India   LT Borrowing      CRISIL        650000 Assigned
                                       Programme%        AAA/Stable
%Through different modes including public issue of Bharatmala Bonds
National Highways Authority of India   LT Borrowing      CRISIL        75000  Reaffirmed
                                       Programme         AAA/Stable
National Highways Authority of India   LT Borrowing      CRISIL        331180 Reaffirmed
                                       Programme         AAA/Stable
National Highways Authority of India   LT Borrowing      CRISIL        612167.Reaffirmed
                                       Programme         AAA/Stable
National Highways Authority of India   LT Borrowing      CRISIL        475324.Reaffirmed
                                       Programme         AAA/Stable
National Highways Authority of India   LT Borrowing      CRISIL        37832.6Reaffirmed
                                       Programme         AAA/Stable
National Highways Authority of India   TFB               CRISIL        10000  Reaffirmed
                                                         AAA/Stable
National Highways Authority of India   TFB               CRISIL        5000   Reaffirmed
                                                         AAA/Stable
National Highways Authority of India   TFB               CRISIL        190000 Reaffirmed
                                                         AAA/Stable
National Housing Bank                  NCD               CRISIL        50000  Assigned
                                                         AAA/Stable
National Housing Bank                  Deposits under    CRISIL        90000  Reaffirmed
                                       Rural Housing FundAAA/Stable
                                       and under Urban Housing Fund*
National Housing Bank                  NCDs              CRISIL        80000  Reaffirmed
                                                         AAA/Stable
National Housing Bank                  Bonds             CRISIL        46401.3Reaffirmed
                                                         AAA/Stable
Navratan Specialty Chemicals LLP       LT Loan           -             77.5   Withdrawn
Navratan Specialty Chemicals LLP       CC                CRISIL        500    Reaffirmed
                                                         BBB+/Stable
Navratan Specialty Chemicals LLP       LT Loan           CRISIL        262.7  Reaffirmed
                                                         BBB+/Stable
Nehru Place Hotels Pvt Ltd             CC/ Overdraft Fac CRISIL        100    Reaffirmed
                                                         BBB-/Negative
Nehru Place Hotels Pvt Ltd             Line of Credit    CRISIL        300    Reaffirmed
                                                         BBB-/Negative
Nehru Place Hotels Pvt Ltd             Proposed FB Bk    CRISIL        135.8  Reaffirmed
                                       Limits            BBB-/Negative
Nehru Place Hotels Pvt Ltd             TL                CRISIL        850    Reaffirmed
                                                         BBB-/Negative
Neptunus Power Plant Services Pvt Ltd  CC                CRISIL        180    Downgraded
                                                         BBB-/Stable          from 'CRISIL
                                                                              BBB/Stable
Neptunus Power Plant Services Pvt Ltd  Credit Limit UnderCRISIL        36     Downgraded
                                       Gold Card         BBB-/Stable          from 'CRISIL
                                                                              BBB/Stable
Neptunus Power Plant Services Pvt Ltd  Proposed LT Bk    CRISIL        37.2   Downgraded
                                       Loan Fac          BBB-/Stable          from 'CRISIL
                                                                              BBB/Stable
NTPC Ltd                               [email protected]@              CRISIL        35000  Reaffirmed
                                                         AAA/Stable
@@Against cash credit limit of Rs. 3500 crore (Including interchangeability of Rs.500 Crore from
non-fund based to fund based limit towards cash credit from Consortium banks), Rs. 2100 crore
may be utilized in the form of CP as per RBI guidelines
NTPC Ltd                               LT Loan           CRISIL        582931.Reaffirmed
                                                         AAA/Stable
NTPC Ltd                               Proposed CC [email protected]        180000 Reaffirmed
                                                         AAA/Stable
@ Fully interchangeable with short-term loan and working capital demand loan, Bill Discounting
&Factoring
NTPC Ltd                               Proposed LT Bk    CRISIL        67068.1Reaffirmed
                                       Loan Fac          AAA/Stable
NTPC Ltd                               NCD               CRISIL        150000 Reaffirmed
                                                         AAA/Stable
NTPC Ltd                               NCD               CRISIL        20000  Reaffirmed
                                                         AAA/Stable
NTPC Ltd                               Bond Issue        CRISIL        84000.2Reaffirmed
                                                         AAA/Stable
NTPC Ltd                               Bond Issue        CRISIL        40249.8Reaffirmed
                                                         AAA/Stable
NTPC Ltd                               NCDs              CRISIL        348343.Reaffirmed
                                                         AAA/Stable
NTPC Ltd                               NCDs (Including   CRISIL        4725   Reaffirmed
                                       Tax-Free Bonds)   AAA/Stable
Opal Polymers Pvt Ltd                  CC                -             150    Withdrawn
Opal Polymers Pvt Ltd                  LOC               -             30     Withdrawn
Opal Polymers Pvt Ltd                  TL                -             20     Withdrawn
Ovobel Foods Ltd                       Ratings           -             -      -
CRISIL is yet to receive adequate information to enable it to undertake a rating review.
P G Industry Ltd                       CC                -             150    Withdrawn
(Continues on 'Rating Watch with Developing Implications'; Rating withdrawn)
P G Industry Ltd                       Foreign LOC       -             55     Withdrawn
(Continues on 'Rating Watch with Developing Implications'; Rating withdrawn)
P G Industry Ltd                       Proposed LT Bk    -             20     Withdrawn
                                       Loan Fac
(Continues on 'Rating Watch with Developing Implications'; Rating withdrawn)
Paulose Abraham                        Ratings           -             -      -
CRISIL is awaiting adequate information from company which will enable to carry out the rating
review.
People`s Exports Pvt Ltd               CC                -             5      Withdrawn
People`s Exports Pvt Ltd               Foreign Bill      -             15     Withdrawn
                                       Purchase
People`s Exports Pvt Ltd               Packing Credit    -             30     Withdrawn
People`s Exports Pvt Ltd               Proposed LT Bk    -             16.1   Withdrawn
                                       Loan Fac
People`s Exports Pvt Ltd               TL                -             33.9   Withdrawn
Plastiblends India Ltd                 Packing Credit^   CRISIL        500    Reaffirmed
                                                         A+/Stable
^Interchangeable with cash credit, export bill discounting, buyer's credit, post-shipment in
foreign currency, and working capital demand loan
Plastiblends India Ltd                 Proposed FB Bk    CRISIL        14     Reaffirmed
                                       Limits            A+/Stable
Plastiblends India Ltd                 WC Fac*           CRISIL        200    Reaffirmed
                                                         A+/Stable
*Interchangeable with packing credit, buyer's credit, post-shipment credit in foreign currency,
working capital demand loan, and export bill discounting
Plastiblends India Ltd                 WC Fac**          CRISIL        400    Reaffirmed
                                                         A+/Stable
** Interchangeable with packing credit, buyer's credit, post-shipment credit in foreign
currency, working capital demand loan, export bill discounting , Letter of Credit & Bank
Guarantee
Prjc Group Of Industries               CC                CRISIL B/Stabl15     Assigned
Prjc Group Of Industries               CC/ Overdraft Fac CRISIL B/Stabl80     Assigned
Proform Interiors Pvt Ltd              CC                -             125    Withdrawn
Proform Interiors Pvt Ltd              Proposed LT Bk    -             5      Withdrawn
                                       Loan Fac
PTC Energy Ltd                         LT Loan           CRISIL A/Stabl16224.4Reaffirmed
PTC Energy Ltd                         Medium TL         CRISIL A/Stabl1000   Reaffirmed
PTC Energy Ltd                         [email protected]        CRISIL A/Stabl10     Reaffirmed
@One way interchangeable with bank guarantee
PTC Energy Ltd                         Proposed LT Bk    CRISIL A/Stabl275.6  Reaffirmed
                                       Loan Fac
PTC Energy Ltd                         WC Demand Loan    CRISIL A/Stabl300    Reaffirmed
R. K. Swarn Pvt Ltd                    Drop Line         -             25     Withdrawn
                                       Overdraft Fac
R. K. Swarn Pvt Ltd                    Inventory Funding -             100    Withdrawn
                                       Fac
Radiancelpg Petrochem Pvt Ltd          Corporate Credit  CCR B+/Stable -      Assigned
                                       Rating
Raj Chopra & Company Pvt Ltd           TL                CRISIL        580    Reaffirmed
                                                         BBB+/Negative
Rajamane Industries Pvt Ltd            CC                CRISIL        45     Downgraded
                                                         BB/Stable            from 'CRISIL
                                                                              BB+/Stable
Rajamane Industries Pvt Ltd            Proposed LT Bk    CRISIL        33     Downgraded
                                       Loan Fac          BB/Stable            from 'CRISIL
                                                                              BB+/Stable
Rajamane Industries Pvt Ltd            TL                CRISIL        72     Downgraded
                                                         BB/Stable            from 'CRISIL
                                                                              BB+/Stable
Rajdhani Crafts Industries Pvt Ltd     CC                -             50     Withdrawn
Rajdhani Crafts Industries Pvt Ltd     Overdraft         -             70     Withdrawn
Rajdhani Crafts Industries Pvt Ltd     Packing Credit    -             300    Withdrawn
Ramanath Shridhar Shanbhag             Secured Overdraft CRISIL        45     Assigned
                                       Fac               BB-/Stable
Reliable Sponge Pvt Ltd                Ratings           -             -      -
CRISIL is awaiting adequate information from company which will enable to carry out the rating
review.
Rosebay Polymers Pvt Ltd               CC                -             100    Withdrawn
Rosebay Polymers Pvt Ltd               TL                -             100    Withdrawn
S S Chauhans Construction Pvt Ltd      WC Fac            CRISIL        35     Assigned
                                                         BB/Stable
S S Chauhans Construction Pvt Ltd      TL                CRISIL        21.5   Assigned
                                                         BB/Stable
S.V. Electronics Ltd                   BG                -             20     Withdrawn
S.V. Electronics Ltd                   CC                -             90     Withdrawn
S.V. Electronics Ltd                   Proposed LT Bk    -             50     Withdrawn
                                       Loan Fac
Safari Industries India Ltd            FB Fac            CRISIL        238    Reaffirmed
                                                         A-/Stable
Safari Industries India Ltd            WC Fac#           CRISIL        987    Reaffirmed
                                                         A-/Stable
#Fully fungible between fund based and non-fund based facilities
Santhalakshmi Mills India Llp          CC                CRISIL        30     Assigned
                                                         BB/Stable
SB Energy Solar Pvt Ltd                WC Fac            CRISIL        219    Assigned
                                                         A-/Negative
SB Energy Solar Pvt Ltd                BG*               CRISIL        500    Assigned
                                                         A-/Negative
*Power purchase agreement performance bank guarantee (PPA PBG)
SB Energy Solar Pvt Ltd                BG**              CRISIL        7.5    Assigned
                                                         A-/Negative
**Qualified coordinating agency Bank guarantee (QCA BG)
SB Energy Solar Pvt Ltd                BG***             CRISIL        50     Assigned
                                                         A-/Negative
***Implementation and support agreement Performance bank guarantee (ISA PBG)
SB Energy Solar Pvt Ltd                LOC^              CRISIL        100    Assigned
                                                         A-/Negative
^Implementation and support agreement letter of credit (ISA LC)
SB Energy Solar Pvt Ltd                LOC^^             CRISIL        1.5    Assigned
                                                         A-/Negative
^^Land lease agreement letter of credit (LLA LC)
SBG Cleantech ProjectCo Five Pvt Ltd   WC Fac            CRISIL        193    Assigned
                                                         A-/Negative
SBG Cleantech ProjectCo Five Pvt Ltd   BG                CRISIL        400    Assigned
                                                         A-/Negative
SBG Cleantech ProjectCo Five Pvt Ltd   BG                CRISIL        9      Assigned
                                                         A-/Negative
SBG Cleantech ProjectCo Five Pvt Ltd   BG                CRISIL        60     Assigned
                                                         A-/Negative
SBG Cleantech ProjectCo Five Pvt Ltd   LOC               CRISIL        85     Assigned
                                                         A-/Negative
SBG Cleantech ProjectCo Five Pvt Ltd   LOC               CRISIL        50     Assigned
                                                         A-/Negative
Schloss Bangalore Pvt Ltd              TL                CRISIL        10460  Reaffirmed
                                                         A-/Negative
Schloss Chanakya Pvt Ltd               TL                CRISIL        9250   Reaffirmed
                                                         A-/Negative
Schloss Chennai Pvt Ltd                TL                CRISIL        4800   Reaffirmed
                                                         A-/Negative
Schloss Udaipur Pvt Ltd                TL                CRISIL        2990   Reaffirmed
                                                         A-/Negative
Secutech Automation (India) Pvt Ltd    CC                -             30     Withdrawn
Secutech Automation (India) Pvt Ltd    LOC & BG          -             40     Withdrawn
Shivdhara Spinners And Spinners Pvt LtdRatings           -             -      -
CRISIL is awaiting adequate information from company which will enable to carry out the rating
review.
SHK Chemtech Industries LLP            TL                CRISIL B+     145    Assigned
SHK Chemtech Industries LLP            WC Fac            CRISIL B+     120    Assigned
Shreeji Textiles Pvt Ltd               CC                -             60     Withdrawn
Shri Chhotey Lal Cold Storage And A.I. CC                -             50     Withdrawn
Shri Ram Finance Corporation Pvt Ltd   Subordinated Debt CRISIL        200    Reaffirmed
                                                         BBB/Stable
Shri Ram Finance Corporation Pvt Ltd   CC                CRISIL        580    Reaffirmed
                                                         BBB/Stable
Shri Ram Finance Corporation Pvt Ltd   TL                CRISIL        20     Reaffirmed
                                                         BBB/Stable
Shri Sharan Solar Pvt Ltd              TL                -             115    Withdrawn
Shriniwas Machine Craft Pvt Ltd        CC                -             60     Withdrawn
Shriniwas Machine Craft Pvt Ltd        Proposed LT Bk    -             85     Withdrawn
                                       Loan Fac
Shriniwas Trading Co.                  CC                -             17.5   Withdrawn
Shriniwas Trading Co.                  Proposed LT Bk    -             32.5   Withdrawn
                                       Loan Fac
Shriniwas Trading Co.                  Warehouse Receipts-             50     Withdrawn
Shyamjee Lumbers Pvt Ltd               CC                -             30     Withdrawn
Shyamjee Lumbers Pvt Ltd               LOC               -             90     Withdrawn
Six Sigma Medicare And Research Ltd    CC                -             15     Withdrawn
Six Sigma Medicare And Research Ltd    TL                -             195    Withdrawn
Sobha Ltd                              CC                CRISIL        8532   Reaffirmed
                                                         A+/Negative
Sobha Ltd                              TL                CRISIL        20743  Reaffirmed
                                                         A+/Negative
Sree Santhosh Garments                 BG                -             2      Withdrawn
Sree Santhosh Garments                 Foreign Currency  -             58     Withdrawn
                                       Term Loan
Sree Santhosh Garments                 Foreign           -             50     Withdrawn
                                       Discounting Bill
                                       Purchase
Sree Santhosh Garments                 LT Loan           -             40     Withdrawn
Sree Santhosh Garments                 Packing Credit    -             50     Withdrawn
Sri Karvembu Textiles Pvt Ltd          CC                -             132.6  Withdrawn
Sri M.K.V.Kandasamy Nadar Firm         CC                -             6.5    Withdrawn
Sri M.K.V.Kandasamy Nadar Firm         Foreign LOC       -             60     Withdrawn
Sri M.K.V.Kandasamy Nadar Firm         Proposed ST Bk    -             33.5   Withdrawn
                                       Loan Fac
Sri Nidamanuri Educational Society     LT Loan           CRISIL        90     Reaffirmed
                                                         BB/Stable
Sri Nidamanuri Educational Society     Proposed LT Bk    CRISIL        60     Assigned
                                       Loan Fac          BB/Stable
Sri Praneeth Enterprises               CC                -             80     Withdrawn
Sri Praneeth Enterprises               Proposed LT Bk    -             20     Withdrawn
                                       Loan Fac
Srilin Electronics Pvt Ltd             CC                CRISIL B/Stabl12.4   Assigned
Srilin Electronics Pvt Ltd             TL                CRISIL B/Stabl113.7  Assigned
Srirani Sati Enterprises Pvt Ltd       Ratings           -             -      -
CRISIL is awaiting adequate information from company which will enable to carry out the rating
review.
Star Agriseeds Pvt Ltd                 CC                -             105    Withdrawn
Star Agriseeds Pvt Ltd                 Proposed FB Bk    -             149    Withdrawn
                                       Limits
Star Agriseeds Pvt Ltd                 TL                -             26     Withdrawn
Sunbright Designers Pvt Ltd            Ratings           -             -      -
CRISIL is awaiting adequate information from company which will enable to carry out the rating
review.
Suraj Agro Co-Operative Society Ltd    CC                -             50     Withdrawn
Suraj Agro Co-Operative Society Ltd    TL                -             15     Withdrawn
Suraj Agro Co-Operative Society Ltd    Warehouse Receipts-             40     Withdrawn
Suraksha Asset Reconstruction Ltd      NCD               CRISIL A-     5000   -
(Placed on 'Rating Watch with Developing Implications' and Rating Withdrawn)
Suraksha Asset Reconstruction Ltd      Proposed LT Bk    Withdrawn     2500   
                                       Loan Fac                               
(Placed on 'Rating Watch with Developing Implications' and Rating Withdrawn)
Swastika Infra Pvt Ltd                 Proposed LT Bk    CRISIL        45     Assigned
                                       Loan Fac          BBB-/Stable
Swastika Infra Pvt Ltd                 CC                CRISIL        125    Assigned
                                                         BBB-/Stable
Swastika Infra Pvt Ltd                 Bill Discounting  CRISIL        120    Assigned
                                                         BBB-/Stable
Tata Autocomp Systems Ltd              CC                CRISIL        800    Reaffirmed
                                                         AA-/Stable
Tata Autocomp Systems Ltd              Proposed WC Fac   CRISIL        750    Assigned
                                                         AA-/Stable
Tata Autocomp Systems Ltd              NCD               CRISIL        1000   Reaffirmed
                                                         AA-/Stable
Tata Capital Housing Finance Ltd       CC & WC demand    CRISIL        47000  Reaffirmed
                                       Loan              AAA/Stable
Tata Capital Housing Finance Ltd       LT Bk Fac         CRISIL        104092.Reaffirmed
                                                         AAA/Stable
Tata Capital Housing Finance Ltd       Proposed LT Bk    CRISIL        38907.8Reaffirmed
                                       Loan Fac          AAA/Stable
Tata Capital Housing Finance Ltd       NCD               CRISIL        37789  Reaffirmed
                                                         AAA/Stable
Tata Capital Housing Finance Ltd       NCD               CRISIL        33430  Reaffirmed
                                                         AAA/Stable
Tata Capital Housing Finance Ltd       NCD               CRISIL        1570   Withdrawn
                                                         AAA/Stable
Tata Capital Housing Finance Ltd       Retail Bond#      CRISIL        50000  Reaffirmed
                                                         AAA/Stable
#Includes Non-Convertible Debentures and Subordinated Debt
Tata Capital Housing Finance Ltd       Subordinated Debt CRISIL        11487  Reaffirmed
                                                         AAA/Stable
Tata Capital Housing Finance Ltd       LT Principal      CRISIL PP-MLD 20000  Reaffirmed
                                       Protected Market  AAAr/Stable
                                       Linked Debentures
Tata Cleantech Capital Ltd             Perpetual Bonds   CRISIL        2500   Reaffirmed
                                                         AA+/Stable
Tata Cleantech Capital Ltd             CC & WC demand loaCRISIL        17570  Reaffirmed
                                                         AAA/Stable
Tata Cleantech Capital Ltd             LT Bk Fac^        CRISIL        23820  Reaffirmed
                                                         AAA/Stable
^Includes NABARD's loan of 100 Million USD equivalent INR
Tata Cleantech Capital Ltd             Proposed LT Bk    CRISIL        7610   Reaffirmed
                                       Loan Fac          AAA/Stable
Tata Cleantech Capital Ltd             NCD               CRISIL        10000  Reaffirmed
                                                         AAA/Stable
Tata Cleantech Capital Ltd             NCD               CRISIL        1850   Reaffirmed
                                                         AAA/Stable
Tata Cleantech Capital Ltd             NCD#              CRISIL        2600   Reaffirmed
                                                         AAA/Stable
#Green Debt Securities
Tata Cleantech Capital Ltd             NCDs              CRISIL        11677  Reaffirmed
                                                         AAA/Stable
Tata Cleantech Capital Ltd             Subordinated Debt CRISIL        1500   Reaffirmed
                                                         AAA/Stable
Tata Cleantech Capital Ltd             Subordinated Debt CRISIL        1000   Reaffirmed
                                       Issue             AAA/Stable
Tata Cleantech Capital Ltd             Subordinated Debt CRISIL        2000   Reaffirmed
                                       Issue             AAA/Stable
Tata Cleantech Capital Ltd             LT Principal      CRISIL PP-MLD 10000  Reaffirmed
                                       Protected Market  AAAr/Stable
                                       Linked Debentures
Taylormade Renewables Ltd              BG                -             25     Withdrawn
Taylormade Renewables Ltd              CC                -             50     Withdrawn
TeamLease Services Ltd                 Proposed LT Bk    CRISIL        200    Reaffirmed
                                       Loan Fac          A-/Stable
Technocraft Industries India Ltd       Proposed LT Bk    CRISIL        96.8   Reaffirmed
                                       Loan Fac          A+/Positive
Technocraft Industries India Ltd       Post Shipment     CRISIL        450    Reaffirmed
                                       Credit$           A+/Positive
$ Fully Interchangeable with Working Capital Demand Loan, Pre shipment/Post Shipment finance,
Letter of credit, Cash Credit.
Technocraft Industries India Ltd       TL                CRISIL        1435.4 Reaffirmed
                                                         A+/Positive
Technocraft Industries India Ltd       TL                CRISIL        1450   Reaffirmed
                                                         A+/Positive
Technocraft Industries India Ltd       WC [email protected]           CRISIL        400    Reaffirmed
                                                         A+/Positive
@Fully Interchangeable with Pre shipment/Post Shipment finance, Letter of credit, Bank Guarantee
(Financial/Performance), Cash Credit
Technocraft Industries India Ltd       WC Fac*           CRISIL        410    Reaffirmed
                                                         A+/Positive
*Fully Interchangeable with Working Capital Demand Loan, Pre shipment/Post Shipment finance,
Letter of credit, Buyers Credit, Overdraft and Cash Credit
Technocraft Industries India Ltd       WC Fac#           CRISIL        800    Reaffirmed
                                                         A+/Positive
#Fully Interchangeable with Working Capital Demand Loan, Pre shipment/Post Shipment finance,
Letter of credit, Buyers Credit, Cash Credit
Technocraft Industries India Ltd       WC Fac            CRISIL        2530   Reaffirmed
                                                         A+/Positive
Threads India Ltd                      CC*               CRISIL        600    Reaffirmed
                                                         A-/Stable
*Interchangeable with bill discounting
Threads India Ltd                      LT Loan           CRISIL        52.7   Reaffirmed
                                                         A-/Stable
Threads India Ltd                      Proposed LT Bk    CRISIL        72.3   Reaffirmed
                                       Loan Fac          A-/Stable
Tritan Leather Works Pvt Ltd           Bill Discounting  CRISIL        15     Reaffirmed
                                                         BBB/Stable
Umasons Auto Compo Pvt Ltd             Bill Discounting  CRISIL        200    Reaffirmed
                                                         BB+/Stable
Umasons Auto Compo Pvt Ltd             LT Loan           CRISIL        124.6  Reaffirmed
                                                         BB+/Stable
Umasons Auto Compo Pvt Ltd             Proposed LT Bk    CRISIL        25.4   Reaffirmed
                                       Loan Fac          BB+/Stable
Unimech Industries Pvt Ltd             BG                -             10     Withdrawn
Unimech Industries Pvt Ltd             CC                -             55     Withdrawn
Unimech Industries Pvt Ltd             Clean Supply Bill -             65     Withdrawn
                                       Purchase
Unimech Industries Pvt Ltd             LOC               -             10     Withdrawn
Unimech Industries Pvt Ltd             LT Loan           -             10     Withdrawn
Unique Construction - Surat            CC                CRISIL        250    -
                                                         BB-/Stable
(Issuer not cooperating)
Unique Construction - Surat            Overdraft         CRISIL        50     -
                                                         BB-/Stable
(Issuer not cooperating)
Unique Construction - Surat            Proposed LT Bk    CRISIL        180    -
                                       Loan Fac          BB-/Stable
Urayur Cotton Company                  CC                CRISIL        30     Assigned
                                                         BB/Stable
Uttar Urja Projects Pvt Ltd            TL                -             1946.1 Withdrawn
Uttar Urja Projects Pvt Ltd            WC Fac            CRISIL A-     400    Reaffirmed
Uttar Urja Projects Pvt Ltd            Proposed LT Bk    CRISIL        5      Reaffirmed
                                       Loan Fac          A-/Stable
Uttar Urja Projects Pvt Ltd            TL                CRISIL        2858.9 Reaffirmed
                                                         A-/Stable
VNR Constructions                      Ratings           -             -      -
CRISIL is awaiting adequate information from company which will enable to carry out the 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])

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