May 5 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of India (CRISIL) for local debt instruments as of May 2, 2014 (Part I).   COMPANY                               INSTRUMENT         RATING         AMOUNT  MOVEMENT                                                                         (RS.MLN) ------                                ----------         ------         -----   --------- SHORT TERM RATINGS: ------------------- Aquatech Systems (Asia) Pvt Ltd       BG#                CRISIL A3+     1350    Reaffirmed # includes sublimit of letter of credit of upto Rs 120 million Aquatech Systems (Asia) Pvt Ltd       BG$                CRISIL A3+     660     Reaffirmed $ Includes sublimit of letter of credit of upto Rs 250 million Aquatech Systems (Asia) Pvt Ltd       Letter of Comfort  CRISIL A3+     85      Reaffirmed Bhorosha Rice Mill Pvt Ltd            BG                 CRISIL A4      1.6     Reaffirmed HMA Food Export Pvt Ltd               BG                 CRISIL A4+     5       Upgraded from                                                                                 CRISIL A4 Isagro (Asia) Agrochemicals Pvt Ltd   LOC                CRISIL A1      200     Reaffirmed Kamad Giri Steel Pvt. Ltd             LOC                CRISIL A4      20      Assigned KBR Infratech Ltd                     BG                 CRISIL A4+     740     Reaffirmed KBR Infratech Ltd                     Foreign LOC        CRISIL A4+     8.8     Reaffirmed Khatuco Export India Pvt. Ltd.        Standby LOC        CRISIL A4      7.5     Assigned Khatuco Export India Pvt. Ltd.        Foreign Bill       CRISIL A4      60      Assigned                                       Discounting Kothari Agritech Pvt Ltd              LOC                CRISIL A4+     420     Reaffirmed Maharani Innovative Paints Pvt. Ltd.  LOC                CRISIL A3+     90      Assigned Mandakini Coal Co. Ltd                BG                 CRISIL A2      630     Watch Negative MTAB Engineers Pvt Ltd                BG                 CRISIL A4      10      Reaffirmed MTAB Engineers Pvt Ltd                LOC                CRISIL A4      20      Reaffirmed Power Finance Corporation Ltd         ST Borrowing       CRISIL A1+     50000   Assigned                                       programme* *Borrowing programme for 2014-15 (refers to financial year, April 1 to March 31); the long term borrowing programme and short term borrowing programme are interchangeable. The long term borrowing programme includes Tax Free Bonds under Section 10 of the Income Tax Act 1961. Power Finance Corporation Ltd         ST Borrowing       CRISIL A1+     34350   Reaffirmed                                       Programme Rabi Engineering Works Pvt Ltd        BG                 CRISIL A4      50      Reaffirmed Rajindra Prasad Parmod Kumar Jain     LOC                CRISIL A4      70      Reaffirmed Sarathy Coffee Curing Works           Export Packing     CRISIL A4      17      Reaffirmed                                       Credit Sarathy Coffee Curing Works           Foreign Bill       CRISIL A4      10      Reaffirmed                                       Discounting SKM Steels Ltd                        Channel Financing  CRISIL A3      1400    Reaffirmed Sreedevi Infraconstructions Pvt Ltd   BG                 CRISIL A4+     130     Reaffirmed Surface Graphics Pvt Ltd              BG                 CRISIL A4+     2       Reaffirmed Transitions                           LOC                CRISIL A4      125     Reaffirmed Unique Plywoods Pvt. Ltd.             Inland/Import LOC  CRISIL A4+     80      Assigned Vishal Paper Industries Pvt Ltd       LOC                CRISIL A4      20      Reaffirmed  LONG TERM RATINGS: ------------------- Accurate Education & Research Society CC                 CRISIL BB+     360     Downgraded                                                                                 from CRISIL                                                                                 BBB- Accurate Education & Research Society TL                 CRISIL BB+     221     Downgraded                                                                                 from CRISIL                                                                                 BBB- Aquatech Systems (Asia) Pvt Ltd       CC*                CRISIL BBB     340     Reaffirmed *Fully interchangeable with foreign bill purchase/foreign bill discounting and export packing credit Aquatech Systems (Asia) Pvt Ltd       Proposed LT Bk     CRISIL BBB     338     Reaffirmed                                       Loan Fac Aquatech Systems (Asia) Pvt Ltd       TL                 CRISIL BBB     17      Reaffirmed Aquatech Systems (Asia) Pvt Ltd       WC TL              CRISIL BBB     150     Assigned Bhorosha Rice Mill Pvt Ltd            CC                 CRISIL B-      70      Reaffirmed Bhorosha Rice Mill Pvt Ltd            Proposed TL        CRISIL B-      0.4     Reaffirmed BRD Securities Ltd                    Overdraft Fac      CRISIL BB      200     Assigned CMJ Breweries Pvt Ltd                 CC                 CRISIL B-      500     Reaffirmed CMJ Breweries Pvt Ltd                 Proposed LT Bk     CRISIL B-      284.7   Reaffirmed                                       Loan Fac CMJ Breweries Pvt Ltd                 TL                 CRISIL B-      1236.3  Assigned DWS Money Plus Fund                   DWS Money Plus FundCRISIL AAAmfs          Notice of                                                                                 Withdrawal G. A. Industries                      CC                 CRISIL B-      70      Assigned Good Luck Publishers Ltd              CC                 CRISIL B+      100     Reaffirmed Good Luck Publishers Ltd              TL                 CRISIL B+      8.7     Reaffirmed HMA Food Export Pvt Ltd               Packing Credit*    CRISIL BB-     100     Upgraded from                                                                                 CRISIL B *Sublimit of FLC of Rs.37.2 Millio HMA Food Export Pvt Ltd               Proposed LT Bk     CRISIL BB-     42.5    Upgraded from                                       Loan Fac                                  CRISIL B HMA Food Export Pvt Ltd               TL                 CRISIL BB-     39.2    Upgraded from                                                                                 CRISIL B Isagro (Asia) Agrochemicals Pvt Ltd   CC                 CRISIL A       335     Reaffirmed Isagro (Asia) Agrochemicals Pvt Ltd   Proposed LT Bk     CRISIL A       15      Reaffirmed                                       Loan Fac Jiwan Textile                         TL                 CRISIL B       5       Assigned Jiwan Textile                         CC                 CRISIL B       47.5    Assigned Jiwan Textile                         Proposed LT Bk     CRISIL B       27.5    Assigned                                       Loan Fac Kamad Giri Steel Pvt. Ltd             Proposed LT Bk     CRISIL B       50      Assigned                                       Loan Fac Kamad Giri Steel Pvt. Ltd             CC                 CRISIL B       50      Assigned KBR Infratech Ltd                     CC                 CRISIL BB+     70      Reaffirmed KBR Infratech Ltd                     Proposed LT Bk     CRISIL BB+     21.2    Reaffirmed                                       Loan Fac KBR Infratech Ltd                     TL                 CRISIL BB+     30      Reaffirmed Khatuco Export India Pvt. Ltd.        Export Packing     CRISIL B+      11      Assigned                                       Credit Kothari Agritech Pvt Ltd              CC                 CRISIL BB-     300     Reaffirmed Kothari Agritech Pvt Ltd              TL                 CRISIL BB-     110     Reaffirmed   (Mumbai Rate Reporting Unit + 91 22 6180 7222 / 3317 7222, E-mail at rru.data@thomsonreuters.com)   Keywords: CRISIL RATINGS/