Oct 23 - Below are the ratings awarded by Credit Rating Information Service of India
(CRISIL) for local debt instruments as of October 22, 2020.
COMPANY INSTRUMENT RATING AMOUNT MOVEMENT
(RS.MLN)
------ ---------- ------ ----- ---------
SHORT TERM RATINGS:
-------------------
Amrit Agro Proposed ST Bk CRISIL A4 20 -
Loan Fac
(Issuer Not Cooperating)
Arcon Project Pvt Ltd BG CRISIL A4 84.4 Migrated from
CRISIL A4
B.N.R. Constructions BG CRISIL A4 350 Upgraded from
CRISIL D
Beekay Engineering Corporation BG CRISIL 800 Downgraded
A4+/Watch from CRISIL
Negative A3
(Placed on Rating Watch with Negative Implication)
Beekay Engineering Corporation LOC CRISIL 200 Downgraded
A4+/Watch from CRISIL
Negative A3
(Placed on Rating Watch with Negative Implication)
Beekay Engineering Corporation LOC & BG CRISIL 230 Downgraded
A4+/Watch from CRISIL
Negative A3
(Placed on Rating Watch with Negative Implication)
Bemco Hydraulics Ltd BG CRISIL A4+ 160 Reaffirmed
Bemco Hydraulics Ltd Inland/Import LOC CRISIL A4+ 20 Reaffirmed
Bemco Hydraulics Ltd LOC CRISIL A4+ 20 Reaffirmed
Dev Raj Rangwala LOC* CRISIL A4+ 35 Reaffirmed
* Interchangeable with bank guarantee
Electrospark BG CRISIL A4+ 24.6 Reaffirmed
Garuda Power Pvt Ltd BG CRISIL A3+ 35 Reaffirmed
Garuda Power Pvt Ltd Proposed NFBL CRISIL A3+ 33.2 Reaffirmed
JM Financial Capital Ltd ST Debt (IncludingCRISIL A1+ 10000 Reaffirmed
CP)
JM Financial Capital Ltd CP Issue* CRISIL A1+ 12500 Withdrawn
*Assigned for initial/ follow-on public offer financing on episodic basis
JM Financial Capital Ltd CP Issue* CRISIL A1+ 12500 Withdrawn
*Assigned for initial/ follow-on public offer financing on episodic basis
JM Financial Capital Ltd CP Programme(IPO CRISIL A1+ 12500 Assigned
Financing)*
*Assigned for initial/ follow-on public offer financing on episodic basis
JM Financial Products Ltd CP CRISIL A1+ 30000 Reaffirmed
JM Financial Products Ltd CP Issue* CRISIL A1+ 35000 Withdrawn
*Assigned for initial/ follow-on public offer financing on episodic basis
JM Financial Products Ltd CP Issue* CRISIL A1+ 35000 Withdrawn
*Assigned for initial/ follow-on public offer financing on episodic basis
JM Financial Products Ltd CP Programme(IPO CRISIL A1+ 35000 Assigned
Financing)*
*Assigned for initial/ follow-on public offer financing on episodic basis
JM Financial Properties And Holdings CP Programme(IPO CRISIL A1+ 42500 Assigned
Ltd Financing)*
*Assigned for initial/ follow-on public offer financing on episodic basis
JM Financial Properties And Holdings CP CRISIL A1+ 5000 Reaffirmed
Ltd
JM Financial Properties And Holdings CP Issue* CRISIL A1+ 42500 Withdrawn
Ltd
*Assigned for initial/ follow-on public offer financing on episodic basis
JM Financial Properties And Holdings CP Issue* CRISIL A1+ 42500 Withdrawn
Ltd
*Assigned for initial/ follow-on public offer financing on episodic basis
JNS Instruments Ltd LOC CRISIL A4 150 Revised from
CRISIL A4+
(Issuer Not Cooperating)
Kaka Overseas Ltd Export Packing CRISIL A4 35 -
Credit
(Issuer Not Cooperating)
Kaka Overseas Ltd Foreign Bill CRISIL A4 44 -
Purchase
(Issuer Not Cooperating)
KNK Projects Pvt Ltd BG CRISIL A4+ 180 Reaffirmed
Livingstones Packing Credit CRISIL A4+ 61.7 Reaffirmed
Livingstones Post Shipment CRISIL A4+ 72 Reaffirmed
Credit
Livingstones Jewellery Pvt Ltd Packing Credit CRISIL A4+ 20 Reaffirmed
Livingstones Jewellery Pvt Ltd Post Shipment CRISIL A4+ 13.5 Reaffirmed
Credit
Mangla Tubes Pvt Ltd LOC CRISIL A4 6 -
(Issuer Not Cooperating)
Manish Flexipack A unit of Nagrani WaraBG CRISIL A4 10 -
Housing Pvt Ltd
(Issuer Not Cooperating)
Manu Impex Pvt Ltd Inland/Import LOC CRISIL A4 80 -
(Issuer Not Cooperating)
Multifilms Plastics Pvt Ltd Non-FBL CRISIL A4 55 Revised from
CRISIL A4+
(Issuer Not Cooperating)
Muskaan Power Infrastructure Ltd LOC & BG CRISIL A4 3 -
(Issuer Not Cooperating)
Navsheen Associates BG CRISIL A4 70 Revised from
CRISIL A4+
(Issuer Not Cooperating)
Neelplast Polymers Pvt Ltd BG CRISIL A4 15 Revised from
CRISIL A4+
(Issuer Not Cooperating)
Neeraj Paper Agencies Ltd LOC CRISIL A4 55 Reaffirmed
Nessa Vitrified LLP BG CRISIL A4 30 -
(Issuer Not Cooperating)
Nilkanth Concast Pvt Ltd LOC CRISIL A4 450 -
(Issuer Not Cooperating)
Northstone Builders and Developers Pvt BG CRISIL A4 25 -
Ltd
(Issuer Not Cooperating)
Nyles Sales & Infraprojects Pvt Ltd LOC & BG CRISIL A4 50 -
(Issuer Not Cooperating)
Opaque Ceramics Pvt Ltd BG CRISIL A4 5 Revised from
CRISIL A4+
(Issuer Not Cooperating)
Opaque Ceramics Pvt Ltd LOC CRISIL A4 45 Revised from
CRISIL A4+
(Issuer Not Cooperating)
P. C. Cherian BG CRISIL A4 12 -
(Issuer Not Cooperating)
P. C. I. Cables Industries Pvt Ltd BG CRISIL A4 25 Revised from
CRISIL A4+
(Issuer Not Cooperating)
P. C. I. Cables Industries Pvt Ltd Bill Discounting CRISIL A4 150 Revised from
under LOC CRISIL A4+
(Issuer Not Cooperating)
P. Dasaratharama Reddy BG CRISIL A4 240 Revised from
CRISIL A4+
(Issuer Not Cooperating)
Palriwal Industries Pvt Ltd BG CRISIL A4 95 -
(Issuer Not Cooperating)
Palriwal Industries Pvt Ltd LOC CRISIL A4 18.5 -
(Issuer Not Cooperating)
Parekh Agencies Bill Discounting CRISIL A4 27 -
under LOC
(Issuer Not Cooperating)
Parekh Agencies LOC CRISIL A4 40 -
(Issuer Not Cooperating)
Pavani Controls and Panels Ltd BG CRISIL A3+ 760 Reaffirmed
Pavani Controls and Panels Ltd LOC CRISIL A3+ 100 Reaffirmed
Prabhat Steel Traders Pvt Ltd LOC CRISIL A4 840 Revised from
CRISIL A4+
(Issuer Not Cooperating)
R. N. Oswal Hosiery Factory LOC CRISIL A4 9 Revised from
CRISIL A4+
(Issuer Not Cooperating)
Raghav Export BG CRISIL A4 3 Revised from
CRISIL A4+
(Issuer Not Cooperating)
Raghav Export Foreign LOC CRISIL A4 5 Revised from
CRISIL A4+
(Issuer Not Cooperating)
Rajhans Impex Pvt Ltd BG CRISIL A4 10 -
(Issuer Not Cooperating)
Rajhans Impex Pvt Ltd Foreign Exchange CRISIL A4 15 -
Forward
(Issuer Not Cooperating)
Rajshekhar Constructions Pvt Ltd BG CRISIL A4 100 -
(Issuer Not Cooperating)
RBA Constructions Pvt Ltd BG CRISIL A4 60 -
(Issuer Not Cooperating)
RBA Constructions Pvt Ltd Overdraft CRISIL A4 35 -
(Issuer Not Cooperating)
RIC Projects Pvt Ltd BG CRISIL A4 150 Revised from
CRISIL A4+
(Issuer Not Cooperating)
Riya Travel and Tours India Pvt Ltd BG CRISIL A3+ 805 Downgraded
from CRISIL
A2
Riya Travel and Tours India Pvt Ltd Overdraft CRISIL A3+ 450 Downgraded
from CRISIL
A2
S K International Stones Pvt Ltd Export Packing CRISIL A4 20 Revised from
Credit CRISIL A4+
(Issuer Not Cooperating)
S K International Stones Pvt Ltd Foreign Bill CRISIL A4 9 Revised from
Discounting CRISIL A4+
(Issuer Not Cooperating)
S. B . Construction BG CRISIL A4+ 74 Reaffirmed
Sara Sae Pvt Ltd LOC & BG CRISIL A4 250 Upgraded from
CRISIL D
Sara Sae Pvt Ltd Packing Credit CRISIL A4 130.9 Upgraded from
CRISIL D
Sharu Special Alloys Pvt Ltd Inland/Import LOC CRISIL A4 40 -
(Issuer Not Cooperating)
Silverline Electricals Pvt Ltd BG CRISIL A4 50 -
(Issuer Not Cooperating)
Silverline Electricals Pvt Ltd LOC CRISIL A4 10 -
(Issuer Not Cooperating)
Skylark Warehousing Solutions Pvt Ltd BG CRISIL A4 150 -
(Issuer Not Cooperating)
SLK Progressive Veneer Pvt Ltd LOC CRISIL A4 75 -
(Issuer Not Cooperating)
Sukhras Machines Pvt Ltd BG CRISIL A4+ 5 Assigned
(Suspension Revoked)
Sukhras Machines Pvt Ltd Inland Guarantees CRISIL A4+ 45 Assigned
(Suspension Revoked)
SVA Syntex Pvt Ltd BG CRISIL A4+ 0.1 Migrated from
CRISIL A3
(Issuer Not Cooperating)
SVA Syntex Pvt Ltd LOC CRISIL A4+ 30 Migrated from
CRISIL A3
(Issuer Not Cooperating)
Tulsi Paper Mills Pvt Ltd BG CRISIL A3+ 10 Reaffirmed
Tulsi Paper Mills Pvt Ltd LOC CRISIL A3+ 190 Reaffirmed
LONG TERM RATINGS:
-------------------
Amalorpavam Educational Welfare SocietyRatings - - -
(CRISIL is yet to receive adequate information to enable it to undertake a rating review)
Ambico Exports and Imports Pvt Ltd Line of Credit CRISIL D 240 -
(Issuer Not Cooperating)
Amrit Agro CC CRISIL 22.5 -
B/Stable
(Issuer Not Cooperating)
Amrit Agro LT Loan CRISIL 32.5 -
B/Stable
(Issuer Not Cooperating)
Arcon Project Pvt Ltd CC CRISIL 35.5 Migrated from
B+/Stable CRISIL
B+/Stable
Arcon Project Pvt Ltd Lease Rental CRISIL 6.8 Migrated from
Discounting Loan B+/Stable CRISIL
B+/Stable
Arcon Project Pvt Ltd TL CRISIL 84.4 Migrated from
B+/Stable CRISIL
B+/Stable
Arcon Project Pvt Ltd Proposed FB Bk CRISIL 13.9 Migrated from
Limits B+/Stable CRISIL
B+/Stable
Aroma Craft and Tissues Pvt Ltd Ratings - - -
(CRISIL vide its publication dated October 09, 2020 highlighted the aspect of non-co-operation
by Aroma Craft and Tissues Private Limited)
B.N.R. Constructions LT Loan CRISIL 6 Upgraded from
B-/Stable CRISIL D
B.N.R. Constructions Overdraft CRISIL 50 Upgraded from
B-/Stable CRISIL D
B.N.R. Constructions Proposed LT Bk CRISIL 94 Upgraded from
Loan Fac B-/Stable CRISIL D
Beekay Engineering Corporation CC CRISIL 320 Downgraded
BB-/Watch from CRISIL
Negative BBB-/Negative
(Placed on Rating Watch with Negative Implication)
Beekay Engineering Corporation LT Loan CRISIL 75 Downgraded
BB-/Watch from CRISIL
Negative BBB-/Negative
(Placed on Rating Watch with Negative Implication)
Beekay Engineering Corporation Proposed LT Bk CRISIL 169.4 Downgraded
Loan Fac BB-/Watch from CRISIL
Negative BBB-/Negative
(Placed on Rating Watch with Negative Implication)
Bemco Hydraulics Ltd CC CRISIL 125 Reaffirmed
BB-/Stable
Bemco Hydraulics Ltd Proposed LT Bk CRISIL 15 Reaffirmed
Loan Fac BB-/Stable
Bemco Hydraulics Ltd TL CRISIL 10 Reaffirmed
BB-/Stable
Chirakekaren Glass House Pvt Ltd CC CRISIL 60 Reaffirmed
B-/Stable
Chirakekaren Glass House Pvt Ltd Loan Against CRISIL 41.6 Reaffirmed
Property B-/Stable
Chirakekaren Glass House Pvt Ltd LT Loan CRISIL 40 Reaffirmed
B-/Stable
Chirakekaren Glass House Pvt Ltd WC TL CRISIL 38.4 Reaffirmed
B-/Stable
Dev Raj Rangwala CC CRISIL 80 Reaffirmed
BB-/Stable
Dev Raj Rangwala Proposed LT Bk CRISIL 10 Reaffirmed
Loan Fac BB-/Stable
Diamond India Ltd Standby LOC* CRISIL 1500 Reaffirmed
A-/Stable
*Interchangeable with bank guarantee of Rs 150 crore
East West Products Ltd Ratings - - -
(CRISIL vide its publication dated September 25, 2020 highlighted the aspect of non-co-operation
by East West Products Limited)
Electrospark CC CRISIL 65 Reaffirmed
BB+/Stable
Electrospark TL CRISIL 25.4 Reaffirmed
BB+/Stable
Ess Kay Fincorp Ltd Proposed LT Bk CRISIL 2750 Reaffirmed
Loan Fac A/Stable
Ess Kay Fincorp Ltd TL CRISIL 3150 Reaffirmed
A/Stable
Ess Kay Fincorp Ltd WC Demand Loan CRISIL 100 Reaffirmed
A/Stable
Ess Kay Fincorp Ltd NCD CRISIL 1200 Reaffirmed
A/Stable
Ess Kay Fincorp Ltd NCD CRISIL 1000 Reaffirmed
A/Stable
Ess Kay Fincorp Ltd NCD CRISIL 500 Reaffirmed
A/Stable
Ess Kay Fincorp Ltd NCD CRISIL 850 Reaffirmed
A/Stable
Ess Kay Fincorp Ltd NCD CRISIL 860 Reaffirmed
A/Stable
Ess Kay Fincorp Ltd NCD CRISIL 1000 Reaffirmed
A/Stable
Ess Kay Fincorp Ltd NCD CRISIL 1000 Reaffirmed
A/Stable
Ess Kay Fincorp Ltd NCD CRISIL 1500 Reaffirmed
A/Stable
Ess Kay Fincorp Ltd NCD CRISIL 3000 Reaffirmed
A/Stable
Ess Kay Fincorp Ltd LT Principal CRISIL PP-MLD 550 Assigned
Protected Market Ar/Stable
Linked Debentures
Ess Kay Fincorp Ltd LT Principal CRISIL PP-MLD 320 Reaffirmed
Protected Market Ar/Stable
Linked Debentures
Ess Kay Fincorp Ltd LT Principal CRISIL PP-MLD 500 Reaffirmed
Protected Market Ar/Stable
Linked Debentures
Gajanan Siddhivinayak Foods Pvt Ltd CC CRISIL 200 Migrated from
B-/Stable CRISIL D
(Issuer Not Cooperating)
Gajanan Siddhivinayak Foods Pvt Ltd TL CRISIL 57 Migrated from
B-/Stable CRISIL D
(Issuer Not Cooperating)
Gajanan Siddhivinayak Foods Pvt Ltd Proposed FB Bk CRISIL 33 Migrated from
Limits B-/Stable CRISIL D
(Issuer Not Cooperating)
Garuda Power Pvt Ltd CC CRISIL 80 Reaffirmed
BBB/Stable
Garuda Power Pvt Ltd Proposed TL CRISIL 9.8 Reaffirmed
BBB/Stable
Groversons Apparel Pvt Ltd Ratings - - -
(CRISIL is yet to receive adequate information to enable it to undertake a rating review)
ICICI Prudential Life Insurance Co. LtdSubordinated Debt CRISIL 12000 Assigned
AAA/Stable
JM Financial Capital Ltd NCD CRISIL 2000 Reaffirmed
AA/Stable
JM Financial Products Ltd CC CRISIL 2000 Reaffirmed
AA/Stable
JM Financial Products Ltd LT Bk Fac CRISIL 2000 Reaffirmed
AA/Stable
JM Financial Products Ltd Proposed LT Bk CRISIL 1000 Reaffirmed
Loan Fac AA/Stable
JM Financial Products Ltd NCDs CRISIL 7504 Reaffirmed
AA/Stable
JM Financial Products Ltd NCDs CRISIL 20000 Reaffirmed
AA/Stable
JNS Instruments Ltd Bill Discounting CRISIL 700 Revised from
B/Stable CRISIL
BB+/Stable
(Issuer Not Cooperating)
JNS Instruments Ltd Buyer`s Credit CRISIL 50 Revised from
B/Stable CRISIL
BB+/Stable
(Issuer Not Cooperating)
JNS Instruments Ltd CC CRISIL 100 Revised from
B/Stable CRISIL
BB+/Stable
(Issuer Not Cooperating)
JNS Instruments Ltd Inventory Funding CRISIL 400 Revised from
Fac B/Stable CRISIL
BB+/Stable
(Issuer Not Cooperating)
JNS Instruments Ltd LT Loan CRISIL 63 Revised from
B/Stable CRISIL
BB+/Stable
(Issuer Not Cooperating)
JNS Instruments Ltd Proposed LT Bk CRISIL 7 Revised from
Loan Fac B/Stable CRISIL
BB+/Stable
(Issuer Not Cooperating)
Joshi Automobiles Pvt Ltd Electronic Dealer - 139 Withdrawn
Financing
Scheme(e-DFS)
(Issuer Not Cooperating)
Joshi Automobiles Pvt Ltd LOC & BG - 1 Withdrawn
(Issuer Not Cooperating)
Joyous Blocks And panels Pvt Ltd CC CRISIL 55 Upgraded from
BB-/Stable CRISIL
B+/Stable
Joyous Blocks And panels Pvt Ltd LT Loan CRISIL 150 Upgraded from
BB-/Stable CRISIL
B+/Stable
Joyous Blocks And panels Pvt Ltd WC Fac CRISIL 16 Upgraded from
BB-/Stable CRISIL
B+/Stable
Joyous Blocks And panels Pvt Ltd Proposed WC Fac CRISIL 94 Upgraded from
BB-/Stable CRISIL
B+/Stable
JS Auto Cast Foundry India Pvt Ltd Ratings - - -
(CRISIL is yet to receive adequate information to enable it to undertake a rating review)
Kaka Overseas Ltd Foreign Bill CRISIL 26 -
Purchase B+/Stable
(Issuer Not Cooperating)
Kaka Overseas Ltd Standby Line of CRISIL 21 -
Credit B+/Stable
(Issuer Not Cooperating)
Kapila Krishi Udyog Ltd Ratings - - -
(CRISIL vide its publication dated October 09, 2020 highlighted the aspect of non-co-operation
by Kapila Krishi Udyog Limited)
Kataria Carriers TL CRISIL 95 Migrated from
BB+/Stable CRISIL
BBB/Stable
(Issuer Not Cooperating)
Kataria Carriers BG Withdrawn 80 -
(Issuer Not Cooperating)
Kataria Carriers CC Withdrawn 50 -
(Issuer Not Cooperating)
Kataria Carriers Proposed LT Bk Withdrawn 125 -
Loan Fac
(Issuer Not Cooperating)
Kedia Brothers CC CRISIL 360 Downgraded
BB-/Stable from CRISIL
BB/Stable
Krishna Global Transenergy Ltd Ratings - - -
(CRISIL is yet to receive adequate information to enable it to undertake a rating review)
Livingstones Bill Discounting CRISIL 67.6 Reaffirmed
BB-/Stable
Livingstones Export Packing CRISIL 48 Reaffirmed
Credit BB-/Stable
Livingstones Proposed LT Bk CRISIL 10.7 Reaffirmed
Loan Fac BB-/Stable
Livingstones Jewellery Pvt Ltd Bill Discounting CRISIL 46.5 Reaffirmed
BB-/Stable
Livingstones Jewellery Pvt Ltd CC CRISIL 35 Reaffirmed
BB-/Stable
Livingstones Jewellery Pvt Ltd Export Packing CRISIL 10 Reaffirmed
Credit BB-/Stable
Livingstones Jewellery Pvt Ltd Proposed LT Bk CRISIL 5 Reaffirmed
Loan Fac BB-/Stable
M.P. Agro Nutri Foods Ltd Ratings - - -
(CRISIL vide its publication dated October 14, 2020 highlighted the aspect of non-co-operation
by M.P. Agro Nutri Foods Limited)
Mahalaxmi Fab CC CRISIL 100 Revised from
B/Stable CRISIL
BB-/Stable
(Issuer Not Cooperating)
Mahesh Ginning Pressing and Oil CC CRISIL 60 -
Industries B+/Stable
(Issuer Not Cooperating)
Mahidhara Projects Pvt Ltd Secured Overdraft CRISIL D 50 -
Fac
(Issuer Not Cooperating)
Mangla Tubes Pvt Ltd CC CRISIL 65 -
B+/Stable
(Issuer Not Cooperating)
Mangla Tubes Pvt Ltd Proposed CC Limit CRISIL 78 -
B+/Stable
(Issuer Not Cooperating)
Mangla Tubes Pvt Ltd Standby Line of CRISIL 6 -
Credit B+/Stable
(Issuer Not Cooperating)
Mangla Tubes Pvt Ltd TL CRISIL 45 -
B+/Stable
(Issuer Not Cooperating)
Manish Flexipack A unit of Nagrani WaraCC CRISIL 70 -
Housing Pvt Ltd B+/Stable
(Issuer Not Cooperating)
Manish Flexipack A unit of Nagrani WaraProposed CC Limit CRISIL 25 -
Housing Pvt Ltd B+/Stable
(Issuer Not Cooperating)
Manish Flexipack A unit of Nagrani WaraTL CRISIL 70 -
Housing Pvt Ltd B+/Stable
(Issuer Not Cooperating)
Manu Impex Pvt Ltd CC CRISIL 25 -
B/Stable
(Issuer Not Cooperating)
Manu Impex Pvt Ltd Proposed LT Bk CRISIL 5 -
Loan Fac B/Stable
(Issuer Not Cooperating)
Marigold Trust 2019 - Piramal Capital Certificates CRISIL AAA 7994 -
and Housing Finance Ltd (SO)
(Converted from Provisional Rating to Final rating)
MDC Pharmaceuticals Ltd Bill Discounting - 20 Withdrawn
under LOC
(Issuer Not Cooperating)
MDC Pharmaceuticals Ltd CC - 80 Withdrawn
(Issuer Not Cooperating)
MDC Pharmaceuticals Ltd Proposed LT Bk - 18 Withdrawn
Loan Fac
(Issuer Not Cooperating)
MDC Pharmaceuticals Ltd TL - 7 Withdrawn
(Issuer Not Cooperating)
Mount Zion Medical College BG CRISIL D 90 -
(Issuer Not Cooperating)
Mount Zion Medical College LT Loan CRISIL D 146.1 -
(Issuer Not Cooperating)
Mount Zion Medical College Overdraft CRISIL D 15 -
(Issuer Not Cooperating)
Muktsar Cotton Pvt Ltd CC CRISIL 100 -
B+/Stable
(Issuer Not Cooperating)
Multifilms Plastics Pvt Ltd FB Fac CRISIL 80 Revised from
B/Stable CRISIL
BB+/Stable
(Issuer Not Cooperating)
Multifilms Plastics Pvt Ltd Proposed TL CRISIL 12.5 Revised from
B/Stable CRISIL
BB+/Stable
(Issuer Not Cooperating)
Multifilms Plastics Pvt Ltd TL CRISIL 7.5 Revised from
B/Stable CRISIL
BB+/Stable
(Issuer Not Cooperating)
Murlidhar Cotton CC CRISIL 70 -
B+/Stable
(Issuer Not Cooperating)
Murlidhar Cotton TL CRISIL 20 -
B+/Stable
(Issuer Not Cooperating)
Muskaan Power Infrastructure Ltd CC CRISIL 170 -
B+/Stable
(Issuer Not Cooperating)
Muthoot Automotive India Pvt Ltd Inventory Funding CRISIL 90 Reaffirmed
Fac B+/Stable
Muthoot Automotive India Pvt Ltd Standby Line of CRISIL 10 Reaffirmed
Credit B+/Stable
Nachimuthu Industrial Association Proposed LT Bk CRISIL 120 -
Loan Fac B-/Stable
(Issuer Not Cooperating)
Nachimuthu Industrial Association TL CRISIL 230 -
B-/Stable
(Issuer Not Cooperating)
Navkar Wheels CC CRISIL 30 Assigned
BB-/Stable
Navkar Wheels Channel Financing CRISIL 15 Assigned
BB-/Stable
Navkar Wheels Inventory Funding CRISIL 40.5 Assigned
Fac BB-/Stable
Navkar Wheels LT Loan CRISIL 14.5 Assigned
BB-/Stable
Navsheen Associates CC CRISIL 15 Revised from
B/Stable CRISIL
BB/Stable
(Issuer Not Cooperating)
Neelplast Polymers Pvt Ltd CC CRISIL 155 Revised from
B/Stable CRISIL
BB-/Stable
(Issuer Not Cooperating)
Neeraj Paper Agencies Ltd CC CRISIL 10 Reaffirmed
B+/Stable
Neeraj Paper Agencies Ltd Proposed FB Bk CRISIL 15 Reaffirmed
Limits B+/Stable
Nessa Vitrified LLP CC CRISIL 100 -
B/Stable
(Issuer Not Cooperating)
Nessa Vitrified LLP TL CRISIL 246.4 -
B/Stable
(Issuer Not Cooperating)
Nilkanth Concast Pvt Ltd CC CRISIL 500 -
B+/Stable
(Issuer Not Cooperating)
Nilkanth Concast Pvt Ltd Proposed LT Bk CRISIL 195.2 -
Loan Fac B+/Stable
(Issuer Not Cooperating)
Nilkanth Concast Pvt Ltd TL CRISIL 134.8 -
B+/Stable
(Issuer Not Cooperating)
Nimbus Motors Pvt Ltd Drop Line CRISIL 40 -
Overdraft Fac B+/Stable
(Issuer Not Cooperating)
Nimbus Motors Pvt Ltd Electronic Dealer CRISIL 250 -
Financing B+/Stable
Scheme(e-DFS)
(Issuer Not Cooperating)
Nimbus Motors Pvt Ltd Proposed FB Bk CRISIL 10 -
Limits B+/Stable
(Issuer Not Cooperating)
Nitinsai Constructions Pvt Ltd BG CRISIL D 70 -
(Issuer Not Cooperating)
Nitinsai Constructions Pvt Ltd CC/ Overdraft Fac CRISIL D 15 -
(Issuer Not Cooperating)
Nitinsai Constructions Pvt Ltd Inland/Import LOC CRISIL D 20 -
(Issuer Not Cooperating)
North Coastal Integrated Food Park Pvt TL CRISIL 200 -
Ltd B+/Stable
(Issuer Not Cooperating)
Northstone Builders and Developers Pvt Overdraft CRISIL 62 -
Ltd B/Stable
(Issuer Not Cooperating)
Nyles Sales & Infraprojects Pvt Ltd CC CRISIL 100 -
B/Stable
(Issuer Not Cooperating)
Olympia Merlin Developers Pvt Ltd CC CRISIL 500 -
B+/Stable
(Issuer Not Cooperating)
Opaque Ceramics Pvt Ltd CC CRISIL 120 Revised from
B/Stable CRISIL
BB+/Stable
(Issuer Not Cooperating)
Oriental Textiles Industries CC CRISIL D 80 -
(Issuer Not Cooperating)
P Dass Forging Pvt Ltd TL CRISIL 20 -
B+/Stable
(Issuer Not Cooperating)
P. C. Cherian Bill Discounting CRISIL 20 -
B/Stable
(Issuer Not Cooperating)
P. C. Cherian CC CRISIL 55 -
B/Stable
(Issuer Not Cooperating)
P. C. Cherian Proposed LT Bk CRISIL 13 -
Loan Fac B/Stable
(Issuer Not Cooperating)
P. C. I. Cables Industries Pvt Ltd CC CRISIL 60 Revised from
B/Stable CRISIL
BB-/Stable
(Issuer Not Cooperating)
P. C. I. Cables Industries Pvt Ltd LT Loan CRISIL 9.4 Revised from
B/Stable CRISIL
BB-/Stable
(Issuer Not Cooperating)
P. C. I. Cables Industries Pvt Ltd Proposed CC Limit CRISIL 5.6 Revised from
B/Stable CRISIL
BB-/Stable
(Issuer Not Cooperating)
P. Dasaratharama Reddy CC CRISIL 50 Revised from
B/Stable CRISIL
BB+/Stable
(Issuer Not Cooperating)
P. Dasaratharama Reddy Proposed BG CRISIL 10 Revised from
B/Stable CRISIL
BB+/Stable
(Issuer Not Cooperating)
Palriwal Industries Pvt Ltd CC CRISIL 230 -
B+/Stable
(Issuer Not Cooperating)
Palriwal Industries Pvt Ltd Proposed BG CRISIL 136.5 -
B+/Stable
(Issuer Not Cooperating)
Palriwal Industries Pvt Ltd Proposed LT Bk CRISIL 20 -
Loan Fac B+/Stable
(Issuer Not Cooperating)
Panna Agrotech Cold Storage Pvt Ltd CC CRISIL 19.4 -
B+/Stable
(Issuer Not Cooperating)
Panna Agrotech Cold Storage Pvt Ltd Proposed LT Bk CRISIL 10.6 -
Loan Fac B+/Stable
(Issuer Not Cooperating)
Parekh Agencies CC CRISIL 20 -
B+/Stable
(Issuer Not Cooperating)
Parekh Agencies TL CRISIL 18 -
B+/Stable
(Issuer Not Cooperating)
Pavani Controls and Panels Ltd CC CRISIL 170 Reaffirmed
BBB/Stable
Pavani Controls and Panels Ltd Proposed BG CRISIL 20 Reaffirmed
BBB/Stable
Pavani Controls and Panels Ltd Proposed WC Fac CRISIL 200 Reaffirmed
BBB/Stable
Pawan Shree Food International Pvt Ltd Ratings - - -
(CRISIL vide its publication dated October 14, 2020 highlighted the aspect of non-co-operation
by Pawan Shree Food International Private Limited)
PCI Ltd CC CRISIL D 280 -
(Issuer Not Cooperating)
PCI Ltd LOC & BG CRISIL D 520 -
(Issuer Not Cooperating)
PCI Ltd Rupee TL CRISIL D 59.3 -
(Issuer Not Cooperating)
Penguin Random House India Pvt Ltd CC/ Overdraft Fac CRISIL 350 Reaffirmed
A+/Stable
Penguin Random House India Pvt Ltd WC Demand Loan CRISIL 150 Reaffirmed
A+/Stable
Prabhat Steel Traders Pvt Ltd CC CRISIL 50 Revised from
B/Stable CRISIL
BB+/Stable
(Issuer Not Cooperating)
Prabhat Steel Traders Pvt Ltd Proposed LT Bk CRISIL 30 Revised from
Loan Fac B/Stable CRISIL
BB+/Stable
(Issuer Not Cooperating)
Prakasam Enterprises CC CRISIL 100 -
B+/Stable
(Issuer Not Cooperating)
R. K. Blue Metals Overdraft CRISIL 125 -
B+/Stable
(Issuer Not Cooperating)
R. L. Agro Industries CC CRISIL D 70 -
(Issuer Not Cooperating)
R. L. Agro Industries LT Loan CRISIL D 11.3 -
(Issuer Not Cooperating)
R. L. Agro Industries Proposed TL CRISIL D 23.7 -
(Issuer Not Cooperating)
R. L. Agro Industries Warehouse CRISIL D 105 -
(Issuer Not Cooperating) Financing
R. N. Oswal Hosiery Factory CC CRISIL 65 Revised from
B/Stable CRISIL
BB-/Stable
(Issuer Not Cooperating)
Rabir Rice Mills CC CRISIL 20 -
B/Stable
(Issuer Not Cooperating)
Rabir Rice Mills Warehouse CRISIL 50 -
Financing B/Stable
(Issuer Not Cooperating)
Raghav Export CC CRISIL 52 Revised from
B/Stable CRISIL
BB-/Stable
(Issuer Not Cooperating)
Raghav Export Proposed TL CRISIL 35 Revised from
B/Stable CRISIL
BB-/Stable
(Issuer Not Cooperating)
Rahis Cold Storage Pvt Ltd CC CRISIL 75 -
B/Stable
(Issuer Not Cooperating)
Rahis Cold Storage Pvt Ltd LT Loan CRISIL 45 -
B/Stable
(Issuer Not Cooperating)
Rahis Cold Storage Pvt Ltd TL CRISIL 35 -
B/Stable
(Issuer Not Cooperating)
Rajesh Power Services Pvt Ltd BG - 300 Withdrawn
(Issuer Not Cooperating)
Rajesh Power Services Pvt Ltd CC - 170 Withdrawn
(Issuer Not Cooperating)
Rajhans Impex Pvt Ltd Line of Credit CRISIL 170 -
B/Stable
(Issuer Not Cooperating)
Rajhans Impex Pvt Ltd Proposed LT Bk CRISIL 25 -
Loan Fac B/Stable
(Issuer Not Cooperating)
Rajshekhar Constructions Pvt Ltd Drop Line CRISIL 150 -
Overdraft Fac B+/Stable
(Issuer Not Cooperating)
Raman Agro Exports Pvt Ltd CC CRISIL 120 -
B+/Stable
(Issuer Not Cooperating)
Raman Agro Exports Pvt Ltd TL CRISIL 70 -
B+/Stable
(Issuer Not Cooperating)
Ramdev Stainless Strips Pvt Ltd CC CRISIL 105 -
B/Stable
(Issuer Not Cooperating)
Ramdev Stainless Strips Pvt Ltd TL CRISIL 10 -
B/Stable
(Issuer Not Cooperating)
Rashmi Realty Builders Pvt Ltd TL CRISIL D 320 -
(Issuer Not Cooperating)
RBA Constructions Pvt Ltd Proposed LT Bk CRISIL 5 -
Loan Fac B+/Stable
(Issuer Not Cooperating)
Relcon Foundations Pvt Ltd CC/ Overdraft Fac CRISIL 8 Migrated from
B+/Stable CRISIL
B+/Stable
(Issuer Not Cooperating)
Relcon Foundations Pvt Ltd Proposed BG CRISIL 20 Migrated from
B+/Stable CRISIL
B+/Stable
(Issuer Not Cooperating)
Relcon Foundations Pvt Ltd Proposed CC Limit CRISIL 15 Migrated from
B+/Stable CRISIL
B+/Stable
(Issuer Not Cooperating)
Relcon Foundations Pvt Ltd Proposed WC Fac CRISIL 57 Migrated from
B+/Stable CRISIL
B+/Stable
(Issuer Not Cooperating)
Ridhi Auto Industries Pvt Ltd CC CRISIL 45 -
B+/Stable
(Issuer Not Cooperating)
Ridhi Auto Industries Pvt Ltd Proposed LT Bk CRISIL 40 -
Loan Fac B+/Stable
(Issuer Not Cooperating)
Ridhi Auto Industries Pvt Ltd TL CRISIL 15 -
B+/Stable
(Issuer Not Cooperating)
Ridhi Sidhi Iron Pvt Ltd CC CRISIL 130 Revised from
B/Stable CRISIL
BB-/Stable
(Issuer Not Cooperating)
Riya Travel and Tours India Pvt Ltd CC CRISIL 1100 Downgraded
BBB/Negative from CRISIL
BBB+/Negative
Riya Travel and Tours India Pvt Ltd Proposed CC Limit CRISIL 475 Downgraded
BBB/Negative from CRISIL
BBB+/Negative
S K International Stones Pvt Ltd CC CRISIL 20 Revised from
B/Stable CRISIL
BB-/Stable
(Issuer Not Cooperating)
S K International Stones Pvt Ltd Proposed LT Bk CRISIL 1 Revised from
Loan Fac B/Stable CRISIL
BB-/Stable
(Issuer Not Cooperating)
S. B . Construction Proposed LT Bk CRISIL 11 Reaffirmed
Loan Fac BB-/Stable
Sara Sae Pvt Ltd Bill Purchase - CRISIL 130.8 Upgraded from
Discounting Fac B-/Stable CRISIL D
Sara Sae Pvt Ltd CC CRISIL 130.9 Upgraded from
B-/Stable CRISIL D
Sara Sae Pvt Ltd Proposed LT Bk CRISIL 392.4 Upgraded from
Loan Fac B-/Stable CRISIL D
Sezon Papers Pvt Ltd CC CRISIL 110 Revised from
B/Stable CRISIL
BB-/Stable
(Issuer Not Cooperating)
Sezon Papers Pvt Ltd TL CRISIL 92.5 Revised from
B/Stable CRISIL
BB-/Stable
(Issuer Not Cooperating)
Shajan Jacob BG - 15 Withdrawn
(Issuer Not Cooperating)
Shajan Jacob CC - 70 Withdrawn
(Issuer Not Cooperating)
Shajan Jacob Proposed LT Bk - 5 Withdrawn
Loan Fac
(Issuer Not Cooperating)
Shakti Cot Fibers CC CRISIL 60 -
B+/Stable
(Issuer Not Cooperating)
Shakti Cot Fibers TL CRISIL 22.5 -
B+/Stable
(Issuer Not Cooperating)
Sharoff Steel Traders CC CRISIL 190 -
B+/Stable
(Issuer Not Cooperating)
Sharu Special Alloys Pvt Ltd CC CRISIL 50 -
B+/Stable
(Issuer Not Cooperating)
Shreedhi Milk and Food Products Pvt LtdRatings - - -
(CRISIL vide its publication dated October 14, 2020 highlighted the aspect of non-co-operation
by Shreedhi Milk and Food Products Private Limited)
Shyamsundar Satyanarayan Textiles Pvt CC CRISIL 200 Reaffirmed
Ltd BB/Stable
Silverline Electricals Pvt Ltd CC CRISIL 60 -
B+/Stable
(Issuer Not Cooperating)
Silverline Electricals Pvt Ltd TL CRISIL 30 -
B+/Stable
(Issuer Not Cooperating)
Skylark Warehousing Solutions Pvt Ltd CC CRISIL 25 -
B+/Stable
(Issuer Not Cooperating)
SLK Progressive Veneer Pvt Ltd CC CRISIL 5 -
B+/Stable
(Issuer Not Cooperating)
SLK Progressive Veneer Pvt Ltd Proposed LT Bk CRISIL 20 -
Loan Fac B+/Stable
(Issuer Not Cooperating)
SMH Shipping Pvt Ltd Foreign LOC - 200 Withdrawn
(Issuer Not Cooperating)
Spy Frozen Foods Pvt Ltd CC CRISIL 20 -
B/Stable
(Issuer Not Cooperating)
Spy Frozen Foods Pvt Ltd TL CRISIL 75 -
B/Stable
(Issuer Not Cooperating)
Sri Muthumari Charitable and TL CRISIL D 70 -
Educational Trust
(Issuer Not Cooperating)
Sri Sai Leela Electrical Projects BG - 85 Withdrawn
(Issuer Not Cooperating)
Sri Sai Leela Electrical Projects CC - Book Debt - 45 Withdrawn
(Issuer Not Cooperating)
Sukhras Machines Pvt Ltd CC CRISIL 50 Assigned
BB-/Stable
(Suspension Revoked)
SVA Syntex Pvt Ltd CC CRISIL 20 Migrated from
BB+/Stable CRISIL
BBB-/Stable
(Issuer Not Cooperating)
SVA Syntex Pvt Ltd LT Loan CRISIL 20 Migrated from
BB+/Stable CRISIL
BBB-/Stable
(Issuer Not Cooperating)
SVA Syntex Pvt Ltd Proposed LT Bk CRISIL 29.9 Migrated from
Loan Fac BB+/Stable CRISIL
BBB-/Stable
(Issuer Not Cooperating)
The Hi-Tech Gears Ltd LT Loan CRISIL 595 Reaffirmed
BBB+/Stable
The Hi-Tech Gears Ltd WC Fac CRISIL 905 Reaffirmed
BBB+/Stable
Tulsi Paper Mills Pvt Ltd CC CRISIL 225 Reaffirmed
BBB/Stable
(Outlook revised from Positive and rating reaffirmed)
Tulsi Paper Mills Pvt Ltd Proposed LT Bk CRISIL 170 Reaffirmed
Loan Fac BBB/Stable
(Outlook revised from Positive and rating reaffirmed)
Tulsi Paper Mills Pvt Ltd TL CRISIL 35 Reaffirmed
BBB/Stable
(Outlook revised from Positive and rating reaffirmed)
Virchand Narsi Cotton Pvt Ltd CC CRISIL 265 Reaffirmed
B+/Stable
--------------------------------------------------------------------------------------------
$: Rating watch with positive implication
#: Rating Watch with Developing implications
@: Rating Watch with Negative Implications
%: Rating under Credit Watch
wd -Rating Stands Withdrawn
sp -Rating Suspended
pp -Principal Protected
pn -Principal Not Protected
CRISIL may apply + or - signs for ratings to reflect a comparative standing within the category.
BG-Bank Guarantee; CC-Cash Credit; CCPS-Cumulative Convertible Preference Share; CD-Certificate
of Deposit; CLO-Collateralized Loan Obligation; CPA-Claims Paying Ability; CP-Commercial
Paper; CPS-convertible preference shares; CRPS- Cumulative Redeemable Convertible Preference
shares; DDB-Deep Discount Bond; EPBI-Exchange premium bond; FBL-Fund Based Limits; FRB/FRN
-Floating Rate Bond/Note; ICD -Inter Corporate Deposit; ITD-Immediate Term Debt; LOC-Letter of
Credit; LT -Long Term; LTB -Long Term Borrowing; LTD -Long Term Debt; MOCD-multiple option
convertible debenture; MTD -Medium term Debenture; MTN-medium term notes; NCD(SO) -
Non-Convertible Debenture-(Structured Obligation); NCD-Non-convertible Debentures; NCRB-Non
Convertible Redeemable Bonds; NM-Not Meaningful; OCD-optionally convertible debenture; OD-Over
Draft; OFCD-Optionally Fully Convertible Debenture; PCD-Partially Convertible Debenture;
PCN-partly convertible notes; PCPS-Partly Convertible Preference Share; POCD-partly optional;
PP-privately placed; PSPC-Post Shipment & Packing Credit; PS-Preference Shares; PTC-Pass
Through Certificates; RPS-Redeemable Preference Shares; SCPN-secured convertible preference
notes; SDO-Structured Debt Obligation; SLR-Statutory Liquidity Ratio; SO-Structured
Obligation; SPCD - Secured Partly Convertible Debentures; SPN-secured premium notes; STB-Short
Term Bond; STD-Short Term Debentures; ST-Short Term; Sub. Bonds-Subordinate Bonds; TB-Taxable
Bond; TFB-Tax Free Bond; TL-Term Loan; TOCD-triple option convertible debentures.
(Mumbai Rate Reporting Unit + 91 22 6180 7222 / 3317 7222 , E-mail at [email protected])
CRISIL Ratings for Indian Debt Securities – October 23
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