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Below are the ratings awarded by Credit Rating Information Service of India (CRISIL) for local debt instruments as of January 14, 2019. COMPANY INSTRUMENT RATING AMOUNT MOVEMENT (RS.MLN) ------ ---------- ------ ----- --------- SHORT TERM RATINGS: ------------------- Anand Merchandising Corporation Overdraft CRISIL A4 50 (Issuer Not Cooperating) Anand Merchandising Corporation Packing Credit CRISIL A4 30 (Issuer Not Cooperating) Emco Tech Equipments Pvt Ltd BG CRISIL A4 60 (Issuer Not Cooperating) Emco Tech Equipments Pvt Ltd Proposed BG CRISIL A4 40 (Issuer Not Cooperating) Federal Agro Industries Pvt Ltd Packing Credit in CRISIL A4+ 155.4 Foreign Currency (Issuer Not Cooperating) G.D. Buildtech Pvt Ltd BG CRISIL A4+ 30 (Issuer Not Cooperating) Ganpati Mega Builders India Pvt Ltd BG CRISIL A4 90 (Issuer Not Cooperating) Girna Infraprojects Pvt Ltd BG CRISIL A4+ 120 (Issuer Not Cooperating) Global Tanning Industries LOC CRISIL A4 5 (Issuer Not Cooperating) Golden Globe Impex Pvt Ltd LOC CRISIL A4+ 120 (Issuer Not Cooperating) Gopal Lifesciences Unit - II BG CRISIL A4+ 3 (Issuer Not Cooperating) Greensol Renewable Power Pvt Ltd BG CRISIL A4+ 40 Migrated (Issuer Not Cooperating) Greensol Renewable Power Pvt Ltd LOC CRISIL A4+ 32.5 Migrated (Issuer Not Cooperating) Greensol Renewable Power Pvt Ltd BG CRISIL A4+ 40 Migrated (Issuer Not Cooperating) Greensol Renewable Power Pvt Ltd LOC CRISIL A4+ 32.5 Migrated (Issuer Not Cooperating) Haresh Oveta LOC CRISIL A4 100 (Issuer Not Cooperating) Himalaya Polyurethane Pvt Ltd LOC CRISIL A4+ 40 (Issuer Not Cooperating) Housing Development Finance Corporation CP CRISIL A1+ 750000 Reaffirmed Ltd Jais Jewellery Pvt Ltd Foreign Bill CRISIL A4 210 Discounting (Issuer Not Cooperating) Jais Jewellery Pvt Ltd Packing Credit CRISIL A4 190 (Issuer Not Cooperating) Kabra Builders Pvt Ltd BG CRISIL A4 10 (Issuer Not Cooperating) Kalpataru Exports Export Packing CRISIL A4+ 35 Credit & Export Bills Negotiation/Foreign Bill discounting (Issuer Not Cooperating) Kalpataru Exports Foreign Bill CRISIL A4+ 30 Discounting (Issuer Not Cooperating) Kalpataru Exports Foreign Exchange CRISIL A4+ 2.5 Forward (Issuer Not Cooperating) Karnataka Agro Chemicals LOC CRISIL A4+ 30 (Issuer Not Cooperating) Kashyap Constructions Pvt Ltd BG CRISIL A4+ 110 (Issuer Not Cooperating) Kashyap Constructions Pvt Ltd BG CRISIL A4+ 110 (Issuer Not Cooperating) Kirti Stampings Pvt Ltd Inland/Import LOC CRISIL A4+ 20 (Issuer Not Cooperating) Kisco Castings India Ltd LOC CRISIL A4+ 37.5 (Issuer Not Cooperating) Krishna Pulses and Cereals Proposed ST Bk CRISIL A4 25 Loan Fac (Issuer Not Cooperating) Leo Timber Pvt Ltd LOC CRISIL A4 80 (Issuer Not Cooperating) Lindsay International Pvt Ltd Bill Purchase CRISIL A4+ 100 Discounting Fac (Issuer Not Cooperating) Lindsay International Pvt Ltd LOC CRISIL A4+ 90 (Issuer Not Cooperating) Magnum Clothing Pvt Ltd Export Packing CRISIL A4+ 300 Reaffirmed Credit & Export Bills Negotiation /Foreign Bill discounting Majesco Software And Solutions India ST Bk Fac CRISIL A2+ 20 Assigned Pvt Ltd Majesco Software And Solutions India Overdraft CRISIL A2+ 120 Assigned Pvt Ltd Majesco Software And Solutions India Pre Shipment Fac CRISIL A2+ 20 Assigned Pvt Ltd Manganese Products Corporation LOC CRISIL A4+ 15 Reassigned Nahar Spinning Mills Ltd LOC# CRISIL A1 1650 Reaffirmed #Interchangeable with bank guarantee/buyer's credit Nahar Spinning Mills Ltd CP CRISIL A1 235 Reaffirmed Nahar Spinning Mills Ltd CP CRISIL A1 235 Reaffirmed Osho Forge Ltd Overdraft CRISIL A4 50 (Issuer Not Cooperating) Oxford Apparels Packing Credit CRISIL A4+ 30 Assigned Oxford Apparels Packing Credit CRISIL A4+ 30 Assigned Polisetty Somasundaram Packing Credit CRISIL A3+ 4000 Migrated from CRISIL A4+ (Issuer Not Cooperating) Polisetty Somasundaram Proposed ST Bk CRISIL A3+ 1000 Migrated from Loan Fac CRISIL A4+ (Issuer Not Cooperating) Raghav Woollen Mills BG CRISIL A4+ 1.5 (Issuer Not Cooperating) Savex Technologies Pvt Ltd Overdraft CRISIL A1+ 600 Assigned Savex Technologies Pvt Ltd Cash Management CRISIL A1+ 50 Assigned Service Savex Technologies Pvt Ltd CP CRISIL A1+ 3000 Assigned Savex Technologies Pvt Ltd CP CRISIL A1+ 3000 Assigned Shamli Steels Pvt Ltd BG CRISIL A3 66 Assigned Shamli Steels Pvt Ltd LOC CRISIL A3 75 Assigned The Dharmapuri Roller Flour Mills Proposed ST Bk CRISIL A3+ 84.5 Reaffirmed Loan Fac Tropical Agrosystem India Pvt Ltd LOC & BG CRISIL A2 400 Assigned MEDIUM TERM RATINGS: ------------------- Housing Development Finance Corporation FD FAAA - Reaffirmed Ltd LONG TERM RATINGS: ------------------- 4G Identity Solutions Pvt Ltd BG CRISIL D 350 (Issuer Not Cooperating) 4G Identity Solutions Pvt Ltd CC CRISIL D 90 (Issuer Not Cooperating) 4G Identity Solutions Pvt Ltd LOC CRISIL D 60 (Issuer Not Cooperating) 4G Identity Solutions Pvt Ltd Proposed LT Bk CRISIL D 100 Loan Fac (Issuer Not Cooperating) A-1 Heights and Hospitality Pvt Ltd TL CRISIL B 100 (Issuer Not Cooperating) Aakash Infrastructure - Ahmedabad Proposed LT Bk CRISIL B 250 Loan Fac (Issuer Not Cooperating) AAR DEE Extrusions (India) Pvt Ltd CC CRISIL B+ 40 (Issuer Not Cooperating) AAR DEE Extrusions (India) Pvt Ltd LT Loan CRISIL B+ 9 (Issuer Not Cooperating) AAR DEE Extrusions (India) Pvt Ltd Proposed LT Bk CRISIL B+ 11 Loan Fac (Issuer Not Cooperating) Adi Wires Pvt Ltd CC CRISIL D 23.5 (Issuer Not Cooperating) Adi Wires Pvt Ltd TL CRISIL D 31.8 (Issuer Not Cooperating) Airtrax Polymers Pvt Ltd CC CRISIL BB+ 20 (Issuer Not Cooperating) Airtrax Polymers Pvt Ltd Proposed LT Bk CRISIL BB+ 28.7 Loan Fac (Issuer Not Cooperating) Airtrax Polymers Pvt Ltd Rupee TL CRISIL BB+ 20 (Issuer Not Cooperating) Airtrax Polymers Pvt Ltd TL CRISIL BB+ 44 (Issuer Not Cooperating) Airtrax Polymers Pvt Ltd WC Fac CRISIL BB+ 75 (Issuer Not Cooperating) Ampa Housing Development Pvt Ltd Lease Rental CRISIL BB 881.8 Migrated from Discounting Loan CRISIL BB (Issuer Not Cooperating) Archee Group Contracts Pvt Ltd CC CRISIL BB+ 180 Assigned Asharfi Gramodyog Sansthan CC CRISIL B+ 4 (Issuer Not Cooperating) Asharfi Gramodyog Sansthan Proposed CC Limit CRISIL B+ 6 (Issuer Not Cooperating) Asharfi Gramodyog Sansthan CC CRISIL B+ 4 (Issuer Not Cooperating) Asharfi Gramodyog Sansthan Proposed CC Limit CRISIL B+ 6 (Issuer Not Cooperating) Baba Bhubaneswar Cold Storage Pvt Ltd CC CRISIL B- 57.5 (Issuer Not Cooperating) Baba Bhubaneswar Cold Storage Pvt Ltd Proposed LT Bk CRISIL B- 4.7 Loan Fac (Issuer Not Cooperating) Baba Bhubaneswar Cold Storage Pvt Ltd TL CRISIL B- 42.8 (Issuer Not Cooperating) Baba Bhubaneswar Cold Storage Pvt Ltd WC TL CRISIL B- 5 (Issuer Not Cooperating) Bajoria Agro Processing Pvt Ltd CC CRISIL B+ 37.5 (Issuer Not Cooperating) Bajoria Agro Processing Pvt Ltd Proposed CC Limit CRISIL B+ 3.5 (Issuer Not Cooperating) Bajoria Agro Processing Pvt Ltd TL CRISIL B+ 49 (Issuer Not Cooperating) BSCPL Infrastructure Ltd BG CRISIL D 18840.9 (Issuer Not Cooperating) BSCPL Infrastructure Ltd CC CRISIL D 6000 (Issuer Not Cooperating) BSCPL Infrastructure Ltd Proposed LT Bk CRISIL D 5459.1 Loan Fac (Issuer Not Cooperating) BSCPL Infrastructure Ltd TL CRISIL D 4700 (Issuer Not Cooperating) C. Brijesh Reddy Proposed LT Bk CRISIL C 25 Loan Fac (Issuer Not Cooperating) C. Brijesh Reddy TL CRISIL C 75 (Issuer Not Cooperating) Chaudhary Jai Ram Cold Storage Pvt Ltd LT Loan CRISIL B 31 (Issuer Not Cooperating) Chaudhary Jai Ram Cold Storage Pvt Ltd Overdraft CRISIL B 19 (Issuer Not Cooperating) Chaudhary Jai Ram Cold Storage Pvt Ltd Proposed LT Bk CRISIL B 47 Loan Fac (Issuer Not Cooperating) Chaudhary Jai Ram Cold Storage Pvt Ltd WC Fac CRISIL B 3 (Issuer Not Cooperating) Cosmic Petrochem Pvt Ltd CC CRISIL B+ 35 (Issuer Not Cooperating) Cosmic Petrochem Pvt Ltd LT Loan CRISIL B+ 35 (Issuer Not Cooperating) Creative Propack Ltd CC CRISIL BB+ 50 (Issuer Not Cooperating) Creative Propack Ltd LT Loan CRISIL BB+ 50 (Issuer Not Cooperating) Dakshineswar Rice Mill CC CRISIL B+ 29.2 (Issuer Not Cooperating) Dakshineswar Rice Mill TL CRISIL B+ 47.8 (Issuer Not Cooperating) Deepak Cotton Mills CC CRISIL B 120 (Issuer Not Cooperating) Deepak Plastic Industries CC CRISIL BB- 75 (Issuer Not Cooperating) Deepak Plastic Industries LT Loan CRISIL BB- 11.7 (Issuer Not Cooperating) Deepak Plastic Industries Proposed LT Bk CRISIL BB- 5.2 Loan Fac (Issuer Not Cooperating) Emco Tech Equipments Pvt Ltd CC^ CRISIL B+ 15 (Issuer Not Cooperating)^Interchangeable with bank guarantee Emco Tech Equipments Pvt Ltd Proposed CC Limit# CRISIL B+ 10 (Issuer Not Cooperating)#Interchangeable with bank guarantee Eshwarr Steel Tech Pvt Ltd CC CRISIL B 40 (Issuer Not Cooperating) Eshwarr Steel Tech Pvt Ltd LT Loan CRISIL B 12.2 (Issuer Not Cooperating) Eshwarr Steel Tech Pvt Ltd Proposed LT Bk CRISIL B 2.8 Loan Fac (Issuer Not Cooperating) Federal Agro Industries Pvt Ltd LT Loan CRISIL BB 247.9 (Issuer Not Cooperating) Flags Hotels Pvt Ltd Rupee TL CRISIL D 220 (Issuer Not Cooperating) G.D. Buildtech Pvt Ltd CC CRISIL BB 20 (Issuer Not Cooperating) G.D. Buildtech Pvt Ltd Rupee TL CRISIL BB 6.6 (Issuer Not Cooperating) Ganpati Mega Builders India Pvt Ltd CC CRISIL B 60 (Issuer Not Cooperating) Garuda Autocraft Pvt Ltd Proposed CC Limit CRISIL BB 250 (Issuer Not Cooperating) Gayatri Poultries Pvt Ltd CC CRISIL B 30 (Issuer Not Cooperating) Gayatri Poultries Pvt Ltd TL CRISIL B 130 (Issuer Not Cooperating) Girna Infraprojects Pvt Ltd CC CRISIL BB- 80 (Issuer Not Cooperating) Girna Infraprojects Pvt Ltd Proposed TL CRISIL BB- 15 (Issuer Not Cooperating) Global Tanning Industries CC CRISIL B+ 25 (Issuer Not Cooperating) Global Tanning Industries Foreign Bill CRISIL B+ 45 Purchase (Issuer Not Cooperating) Global Tanning Industries Overdraft CRISIL B+ 1.9 (Issuer Not Cooperating) Global Tanning Industries Proposed LT Bk CRISIL B+ 47.5 Loan Fac (Issuer Not Cooperating) Global Tanning Industries TL CRISIL B+ 15.6 (Issuer Not Cooperating) Golden Globe Impex Pvt Ltd CC CRISIL BB- 60 (Issuer Not Cooperating) Golden Globe Impex Pvt Ltd Proposed LT Bk CRISIL BB- 10 Loan Fac (Issuer Not Cooperating) Gopal Lifesciences Unit - II CC CRISIL BB- 60 (Issuer Not Cooperating) Gopal Lifesciences Unit - II Proposed CC Limit CRISIL BB- 2 (Issuer Not Cooperating) Gopal Lifesciences Unit - II Proposed TL CRISIL BB- 5 (Issuer Not Cooperating) Greensol Renewable Power Pvt Ltd CC CRISIL BB 57.5 Migrated (Issuer Not Cooperating) Greensol Renewable Power Pvt Ltd CC CRISIL BB 57.5 Migrated (Issuer Not Cooperating) Haresh Oveta CC CRISIL B+ 20 (Issuer Not Cooperating) Haresh Oveta Proposed LT Bk CRISIL B+ 20 Loan Fac (Issuer Not Cooperating) Himalaya Polyurethane Pvt Ltd CC CRISIL BB- 40 (Issuer Not Cooperating) Himalaya Polyurethane Pvt Ltd TL CRISIL BB- 35 (Issuer Not Cooperating) Housing Development Finance Corporation NCD Issue CRISIL AAA 350000 Reaffirmed Ltd Housing Development Finance Corporation NCD Issue CRISIL AAA 350000 Reaffirmed Ltd Housing Development Finance Corporation NCD Issue CRISIL AAA 350000 Reaffirmed Ltd Housing Development Finance Corporation NCDs CRISIL AAA 1208842 Reaffirmed Ltd Housing Development Finance Corporation Bonds CRISIL AAA 375 Reaffirmed Ltd Housing Development Finance Corporation Subordinated Debt CRISIL AAA 55000 Reaffirmed Ltd Kabra Builders Pvt Ltd CC CRISIL B+ 5 (Issuer Not Cooperating) Kabra Builders Pvt Ltd Proposed LT Bk CRISIL B+ 31.5 Loan Fac (Issuer Not Cooperating) Kabra Builders Pvt Ltd TL CRISIL B+ 37.5 (Issuer Not Cooperating) Kamarajar Port Ltd LT Loan CRISIL AA 6500 Reaffirmed Kamarajar Port Ltd TFB* CRISIL AA 946.5 Reaffirmed *Non-convertible tax-free infrastructure bonds Kamarajar Port Ltd TFB* CRISIL AA 946.5 Reaffirmed *Non-convertible tax-free infrastructure bonds Karnataka Agro Chemicals CC CRISIL BB- 127 (Issuer Not Cooperating) Karnataka Agro Chemicals LT Loan CRISIL BB- 30 (Issuer Not Cooperating) Karnataka Agro Chemicals Proposed LT Bk CRISIL BB- 68 Loan Fac (Issuer Not Cooperating) Kashyap Constructions Pvt Ltd CC CRISIL BB+ 200 (Issuer Not Cooperating) Kashyap Constructions Pvt Ltd Proposed BG CRISIL BB+ 610 (Issuer Not Cooperating) Kashyap Constructions Pvt Ltd Proposed CC Limit CRISIL BB+ 100 (Issuer Not Cooperating) Kashyap Constructions Pvt Ltd Proposed TL CRISIL BB+ 5 (Issuer Not Cooperating) Kashyap Constructions Pvt Ltd Rupee TL CRISIL BB+ 40 (Issuer Not Cooperating) Kashyap Constructions Pvt Ltd CC CRISIL BB+ 200 (Issuer Not Cooperating) Kashyap Constructions Pvt Ltd Proposed BG CRISIL BB+ 610 (Issuer Not Cooperating) Kashyap Constructions Pvt Ltd Proposed CC Limit CRISIL BB+ 100 (Issuer Not Cooperating) Kashyap Constructions Pvt Ltd Proposed TL CRISIL BB+ 5 (Issuer Not Cooperating) Kashyap Constructions Pvt Ltd Rupee TL CRISIL BB+ 40 (Issuer Not Cooperating) Kirti Stampings Pvt Ltd CC CRISIL BB- 40 (Issuer Not Cooperating) Kirti Stampings Pvt Ltd Proposed LT Bk CRISIL BB- 24.6 Loan Fac (Issuer Not Cooperating) Kirti Stampings Pvt Ltd TL CRISIL BB- 45.4 (Issuer Not Cooperating) Kisco Castings India Ltd CC CRISIL BB 49.5 (Issuer Not Cooperating) Kisco Castings India Ltd Proposed LT Bk CRISIL BB 16.5 Loan Fac (Issuer Not Cooperating) Kisco Castings India Ltd TL CRISIL BB 28 (Issuer Not Cooperating) Krishna Pulses and Cereals Proposed LT Bk CRISIL B- 100 Loan Fac (Issuer Not Cooperating) Krishna Pulses and Cereals Warehouse Receipts CRISIL B- 75 (Issuer Not Cooperating) Leo Timber Pvt Ltd CC CRISIL B 33.5 (Issuer Not Cooperating) Leo Timber Pvt Ltd Proposed LT Bk CRISIL B 6.5 Loan Fac (Issuer Not Cooperating) Magnum Clothing Pvt Ltd LT Loan CRISIL BB- 35 Reaffirmed Majesco Software And Solutions India WC Fac CRISIL A- 40 Assigned Pvt Ltd Manganese Products Corporation CC CRISIL BB- 45 Upgraded from CRISIL B+ Nahar Spinning Mills Ltd CC* CRISIL A 10000 Reaffirmed *Interchangeable with packing credit foreign currency/overdraft Nahar Spinning Mills Ltd Proposed LT Bk CRISIL A 1541.9 Reaffirmed Loan Fac Nahar Spinning Mills Ltd Proposed TL CRISIL A 75 Reaffirmed Nahar Spinning Mills Ltd TL CRISIL A 1817.1 Reaffirmed Osho Forge Ltd CC CRISIL B+ 400 (Issuer Not Cooperating) Osho Forge Ltd Proposed LT Bk CRISIL B+ 90 Loan Fac (Issuer Not Cooperating) Osho Forge Ltd TL CRISIL B+ 110 (Issuer Not Cooperating) Oxford Apparels Foreign Currency TLCRISIL BB- 15 Assigned Oxford Apparels Foreign Currency TLCRISIL BB- 15 Assigned Polisetty Somasundaram CC CRISIL BBB 20 Migrated from CRISIL BB+ (Issuer Not Cooperating) Privilege Trust Series 14 Privilege Series A PTCs Provisional 4384.8 Assigned Trust Series 14 CRISIL AAA (SO) (Originator: Shriram City Union Finance Ltd) Raghav Woollen Mills CC CRISIL BB- 65 (Issuer Not Cooperating) Raghav Woollen Mills TL CRISIL BB- 43.5 (Issuer Not Cooperating) Savex Technologies Pvt Ltd WC Fac CRISIL A+ 3900 Assigned Savex Technologies Pvt Ltd WC Demand Loan CRISIL A+ 400 Assigned Savex Technologies Pvt Ltd Proposed LT Bk CRISIL A+ 4300 Assigned Loan Fac Savex Technologies Pvt Ltd CC CRISIL A+ 3750 Assigned Shamli Steels Pvt Ltd CC CRISIL BBB- 170 Reaffirmed Shamli Steels Pvt Ltd Proposed BG CRISIL BBB- 9 Reaffirmed Shamli Steels Pvt Ltd LT Loan CRISIL BBB- 80 Reaffirmed Super Iron Foundry Packing Credit CRISIL BB 200 Migrated (Issuer Not Cooperating) The Dharmapuri Roller Flour Mills CC CRISIL BBB- 210 Reaffirmed The Dharmapuri Roller Flour Mills Proposed LT Bk CRISIL BBB- 22 Reaffirmed Loan Fac Tribhuwan Narayan Singh BG CRISIL D 100 (Issuer Not Cooperating) Tribhuwan Narayan Singh CC CRISIL D 100 (Issuer Not Cooperating) Tropical Agrosystem India Pvt Ltd CC CRISIL BBB+ 2000 Assigned -------------------------------------------------------------------------------------------- $: Rating watch with positive implication #: Rating Watch with Developing implications @: Rating Watch with Negative Implications %: Rating under Credit Watch wd -Rating Stands Withdrawn sp -Rating Suspended pp -Principal Protected pn -Principal Not Protected CRISIL may apply + or - signs for ratings to reflect a comparative standing within the category. BG-Bank Guarantee; CC-Cash Credit; CCPS-Cumulative Convertible Preference Share; CD-Certificate of Deposit; CLO-Collateralized Loan Obligation; CPA-Claims Paying Ability; CP-Commercial Paper; CPS-convertible preference shares; CRPS- Cumulative Redeemable Convertible Preference shares; DDB-Deep Discount Bond; EPBI-Exchange premium bond; FBL-Fund Based Limits; FRB/FRN -Floating Rate Bond/Note; ICD -Inter Corporate Deposit; ITD-Immediate Term Debt; LOC-Letter of Credit; LT -Long Term; LTB -Long Term Borrowing; LTD -Long Term Debt; MOCD-multiple option convertible debenture; MTD -Medium term Debenture; MTN-medium term notes; NCD(SO) - Non-Convertible Debenture-(Structured Obligation); NCD-Non-convertible Debentures; NCRB-Non Convertible Redeemable Bonds; NM-Not Meaningful; OCD-optionally convertible debenture; OD-Over Draft; OFCD-Optionally Fully Convertible Debenture; PCD-Partially Convertible Debenture; PCN-partly convertible notes; PCPS-Partly Convertible Preference Share; POCD-partly optional; PP-privately placed; PSPC-Post Shipment & Packing Credit; PS-Preference Shares; PTC-Pass Through Certificates; RPS-Redeemable Preference Shares; SCPN-secured convertible preference notes; SDO-Structured Debt Obligation; SLR-Statutory Liquidity Ratio; SO-Structured Obligation; SPCD - Secured Partly Convertible Debentures; SPN-secured premium notes; STB-Short Term Bond; STD-Short Term Debentures; ST-Short Term; Sub. Bonds-Subordinate Bonds; TB-Taxable Bond; TFB-Tax Free Bond; TL-Term Loan; TOCD-triple option convertible debentures. (Mumbai Rate Reporting Unit + 91 22 6180 7222 / 3317 7222 , E-mail at rru.data@thomsonreuters.com)