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PRESS RELEASE




Date Entity Name Instrument Rating Outlook
20.10.2020 MRMC Foods Private Limited Bank Facilities- Long Term of Rs. 38.45 Cr.

Bank Facilities- Short Term of Rs. 15.00 Cr.

Proposed Bank Facilities-Short Term of Rs. 1.55 Cr.
IVR BB+

IVR A4+

IVR A4+
-

-

-
20.10.2020 Kandoi Transport Limited Long term Bank Facilities of Rs. 56.75 Cr.

Short Term Bank Facilities of Rs. 40.60 Cr.

Long/Short Term Bank Facilities of Rs. 1.00 Cr.

Long Term Bank Facilities – Proposed of Rs. 1.65 Cr.
IVR BB+

IVR A4

IVR BB+ / IVR A4

IVR BB+
Stable

-

Stable / -

-
20.10.2020 Oplus Casting Private Limited Long-Term Bank Facility -Term Loan (Proposed) of Rs. 8.00 Cr.

Long-Term Bank Facility-Cash Credit (Proposed) of Rs. 2.00 Cr.
Provisional IVR BBB- (CE) (Withdrawn)

Provisional IVR BBB- (CE) (Withdrawn)
Stable

Stable
20.10.2020 Kotak Petroleum LLP Long Term Fund Based Facilities of Rs. 20.00 Cr.

Short Term Fund Based Facilities of Rs.43.00 Cr. <

Short Term Non-Fund Based Facilities of Rs. 30.00 Cr.
IVR BBB+

IVR A2

IVR A2
Stable

-

-
20.10.2020 Shree Banke Bihari Ispat Private Limited (SBBIPL) Long Term Fund Based Facility- Cash Credit of Rs. 9.5 Cr.

Long Term Fund Based Facility – Term Loan of Rs. 5.39 Cr.
IVR BB+

IVR BB+
Stable

Stable
20.10.2020 MGM Castings Private Limited Fund Based Bank Facility – Term Loans of Rs. 48.00 Cr. (Includes proposed limit of 12 Cr) IVR B Stable
19.10.2020 Lahari Laminates Private Limited Long Term Bank Facilities of Rs. 20.00 Cr. IVR BB (ISSUER NOT COOPERATING) -
19.10.2020 Marda Industries Pvt Ltd. Long Term Bank Facilities of Rs. 12.85 Cr. IVR B+ (ISSUER NOT COOPERATING) -
19.10.2020 Worlds Window Infrastructure & Logistics Pvt. Ltd.[WWILPL] Long Term Fund Based Limits – Term Loan of Rs. 15.40 Cr.

Long Term Fund Based Limits - Cash Credit of Rs. 85.50 Cr. (including proposed limits of Rs. 75.00 crore) <

Short Term Non Fund Based Facilities - LC of Rs. 29.10 (includingproposed limits of Rs. 14.60 Crore)
IVR D

IVR D

IVR D
-

-

-
16.10.2020 Dhara Motor Finance Limited Long Term Bank Facilities of Rs. 60.00 Cr.

Fixed Deposit of Rs. 5.00 Cr.
IVR BBB (Reaffirmed)

IVR FBBB (Reaffirmed)
Stable

Stable
16.10.2020 SCC Builders Private Limited Long term - Bank Facilities of Rs. 150.00 Cr. IVR BB+ Stable
15.10.2020 Kalpataruvu Spinning Mills Pvt Ltd Long Term Bank Facilities- Cash Credit of Rs. 30.00 Cr.

Long Term Bank Facilities-Term Loan of Rs.19.13 Cr.
IVR BB + (Reaffirmed)

IVR BB + (Reaffirmed)
Stable

-
15.10.2020 Ramnik Power & Alloys Private Limited Long Term Facilities – Cash Credit of Rs. 7.00 Cr.

Long Term Facilities – Term Loans(Outstanding) of Rs. 0.20 Cr.

Long Term Facility – UGECL(Union Guaranteed Emergency Line) of Rs. 1.65 Cr.

Long Term Facility - CECL(Covid Emergency Line of Credit) of Rs. 0.65 Cr.

Short Term Non-Fund Based Facility – Inland Letter of Credit of Rs. 3.00 Cr.
IVR BBB-

IVR BBB-

IVR BBB-

IVR BBB-

IVR A3
Stable

Stable

Stable

Stable

-
15.10.2020 Stark Ridge Paper Pvt. Ltd. Long term Bank Facilities of Rs. 35.00 Cr. IVR BB- (Reaffirmed) Stable
14.10.2020 RPP Infra Projects Limited Long term Bank Facilities of Rs. 60.02 Cr.

Short Term Bank Facilities of Rs.238.00 Cr.
IVR BBB-

IVR A3
Stable

-
14.10.2020 G Shankar Long term Bank Facilities of Rs. 190.00 Cr.

Short term Bank Facilities of Rs. 200.00 Cr.
IVR BBB

IVR A3+
Positive

-
14.10.2020 SKS Infra Projects Private Limited Short Term Bank Facilities of Rs. 90.00 Cr.

Long Term Bank Facilities of Rs. 10.00 Cr.
IVR A3 (Reaffirmed)

IVR BBB-
-

Stable
13.10.2020 Aavanti Renewable Energy Private Limited Long Term Bank Facilities – Term Loan of Rs. 86.03 Cr. (reduced from Rs.90.19 crore)

Short Term Bank Facility – Bank Guarantee of Rs.2.00 Cr.
IVR A+ [CE]

IVR A1+ [CE]
Stable

-
12.10.2020 Chalice Real Estate LLP Long term Bank Facilities of Rs. 115.00 Cr.

Short term Bank Facilities of Rs. 0.40 Cr.
IVR BB

IVR A4
Stable

-
12.10.2020 Rajkamal Builders Infrastructure Private Limited Long Term Fund Based Bank Facilities – Cash Credit of Rs. 17.00 Cr.

Short Term Non-Fund Based Bank Facilities – Bank Guarantee of Rs. 383.00 Cr. (Including Proposed limit of Rs.95.00 crore)
IVR A -

IVR A2+
Stable

-
12.10.2020 Saxena Marine – Tech Private Limited (SMTPL) Long Term Fund Based Facility – Open Cash Credit of Rs. 33.00 Cr.

Short Term Non-Fund Based Facility – Bank Guarantee of Rs. 9.80 Cr.
IVR BB

IVR A4
Stable

-
12.10.2020 Pan Healthcare Private Limited (PHCPL) Long Term Fund Based Facility – Cash Credit of Rs. 15.00 Cr. IVR BB+ Positive
12.10.2020 GP Petroleums Ltd Long Term/Short Term Bank Facilities of Rs. 220.00 Cr. IVR BB+/IVR A4+ Credit watch with negative implication / -
09.10.2020 Cadchem Laboratories Limited Long Term Bank Facilities of Rs. 17.00 Cr.

Short Term Bank Facilities of Rs. 3.25 Cr.
IVR D (Reaffirmed and Withdrawn)

IVR D (Reaffirmed and Withdrawn)
-

-
09.10.2020 Ganjam Naggapa And Son Private Limited Long Term Bank Facilities of Rs. 84.50 Cr. (enhanced from Rs. 10 crore) IVR BB- (Reaffirmed) Stable
08.10.2020 Shri Keshav Cements and Infra Limited Long Term Fund based facilities - Term Loan of Rs. 112.47 Cr.

Long Term Fund based facilities - Cash Credit of Rs. 27.93 Cr.
IVR B+

IVR B+
Stable

Stable
08.10.2020 Platinum Textiles Limited Long term Bank Facilities of Rs. 412.34 Cr.

Short Term Bank Facilities (Sub-Limit of Long Term Facilities) of Rs. (103.50) Cr.
IVR BB+

IVR A4+
Stable

-
08.10.2020 Goa Industrial Development Corporation (GIDC) Long Term Bank Facility Term Loan of Rs. 200.00 Cr. IVR A (CE) Stable
08.10.2020 Indiabulls Infraestate Limited (IIL) Proposed Long Term Facility – NCB/NCD of Rs. 300.00 Cr. IVR AA-(CE) Stable
08.10.2020 Maple ODC Movers Private Limited Long Term Fund Based Limits - Cash Credit of Rs. 10.00 Cr. (including proposed limits of INR4.00 Crore)

Short Term Non Fund Based Facilities - BG of Rs. 5.00 Cr. (including proposed limits of INR4.00 Crore)
IVR B+ (ISSUER NOT COOPERATING)

IVR A4 (ISSUER NOT COOPERATING)
Stable

-
07.10.2020 RBA Finance Private Limited (RBAFL) Long Term Fund Based Facility – Cash Credit of Rs. 10.00 Cr. IVR BB+ Stable
07.10.2020 Fabrimax Engineering Pvt Ltd (FEPL) Long Term Facility – Fund Based – Cash Credit of Rs. 10.00 Cr. (enhanced from INR9.25 crore)

Short Term Non Fund Based Facility – Bank Guarantee of Rs. 8.00 Cr.

Short Term Non Fund Based Facility – Letter of Credit of Rs. 6.00 Cr. (enhanced from INR5.00 crore)
IVR BBB-

IVR A3

IVR A3
Stable

-

-
07.10.2020 Jericho Chemicals LLP Long Term Bank Facilities of Rs. 42.00 Cr. IVR BBB- Stable
07.10.2020 Fabtech Engineering Pvt Ltd Long Term Fund Based Facility – Cash Credit of Rs. 10.00 Cr.

Short Term Non Fund Based Facility – Letter of Credit of Rs. 5.00 Cr.

Long Term/Short Term Non Fund Based Facility – Bank Guarantee of Rs. 5.00 Cr.
IVR BBB-

IVR A3

IVR BBB- / IVR A3
Stable

-

Stable/-
07.10.2020 S.S. Fabricators and Manufacturers (SSFM) Long Term Facility – Fund Based – Cash Credit of Rs. 12.00 Cr. (enhanced from INR 10.00 crore)

Short Term Facility – Non Fund Based – Bank Guarantee of Rs. 30.00 Cr. (enhanced from INR20.00 crore)
IVR BBB-

IVR A3
Stable

-
07.10.2020 Shree Rupanadham Steel Private Limited (SRSPL) Long Term Fund Based Facility- Cash Credit of Rs. 20.00 Cr.

Long Term Fund Based Facility – Term Loan of Rs. 3.85 Cr.
IVR BB+

IVR BB+
Stable

Stable
07.10.2020 SKS Infra Projects Private Limited Short Term Bank Facilities of Rs. 10.00 Cr. IVR A3 -
06.10.2020 Vishnu Chemicals Ltd (VCL) Long Term Facility – Fund Based – Term Loan of Rs. 66.92 Cr.

Long Term Fund Based Facility – Cash Credit of Rs. 100.00 Cr.

Long Term Fund Based Facility – CELC of Rs. 7.35 Cr.

Short Term Fund Based – Standby Line of Credit of Rs. 8.45 Cr.

Short Term Non Fund Based Facility – Bank Guarantee of Rs. 5.00 Cr.

Short Term Non Fund Based Facility – Letter of Credit of Rs. 57.39 Cr.

Short Term Facility – Non Fund Based – Letter Credit/Bank Guarantee of Rs. 7.61 Cr.

(Proposed) Short Term/Long Term Facility of Rs. 4.15 Cr.
IVR BBB-

IVR BBB-

IVR BBB-

IVR A3

IVR A3

IVR A3

IVR A3

IVR BBB-/ IVR A3
Stable

Stable

Stable

-

-

-

-

Stable/-
06.10.2020 Vishnu Barium Pvt Ltd (VBPL) Long Term Fund Based Facility – Cash Credit of Rs.14.00 Cr.

Long Term Fund Based Facility – Term Loan of Rs. 3.75 Cr.

Long Term Fund Based Facility CELC of Rs. 1.40 Cr.

Short Term Non Fund Based Facility – Letter of Credit of Rs. 5.00 Cr.
IVR BBB-

IVR BBB-

IVR BBB-

IVR A3
Stable

Stable

Stable

-
06.10.2020 Sanjvik Terminals Private Limited Long Term Fund Based Limits Term Loan of Rs.30.00 Cr. (including proposed limits of INR 1.98 Crore) IVR D (ISSUER NOT COOPERATING) -
06.10.2020 Indian Sucrose Ltd Bank Facilities Fund Based of Rs. 150.00 Cr.

Proposed Bank Facilities Long Term / Short Term of Rs. 25.00 Cr.
IVR BB+

IVR BB+ / IVR A4+
Stable

Stable / -
05.10.2020 Amulya Sea Foods Long Term Facility – Working Capital Term Loan of Rs.1.32 Cr.

Short Term Fund Based Facility – PC/PCFC of Rs. 40.00 Cr.

Short Term Fund Based Facility – FBN/ FBP/ FBD/ AACB/ PSFC of Rs. 38.00 Cr.
IVR BB+

IVR A4+

IVR A4+
Stable

-

-
05.10.2020 Sooriya Hospital Long Term Bank Facilities of Rs. 85.18 Cr. IVR BBB- Stable
05.10.2020 Spinora Tiles Private Limited (STPL) Long Term Fund Based Bank Facility – Cash Credit of Rs. 5.00 Cr.

Long Term Fund Based Bank Facility –Term Loan of Rs. 8.54 Cr.

Short Term Non Fund Based Bank Facilities of Rs. 1.75 Cr.
IVR BB-

IVR BB-

IVR A4
Stable

Stable

-
05.10.2020 Marudhar Rocks International Private Limited Long Term/Short Term Bank Facilities – Fund Based of Rs. 7.50 Cr.

Long Term Bank Facilities – Fund Based of Rs. 130.00 Cr.

Short Term Bank Facilities – Non Fund Based of Rs. 2.00 Cr.

Long Term Bank Facilities – Proposed Fund Based of Rs. 30.00 Cr.

Short Term Bank Facilities – Proposed Non Fund Based of Rs. 10.00 Cr.
IVR BBB-/IVR A3

IVR BBB-

IVR A3

IVR BBB-

IVR A3
Stable

Stable

-

Stable

-
05.10.2020 Dhosa Chandaneswar Bratyajana Samity Long term Bank Facilities of Rs. 13.15 Cr. (Reduced from 15.00 Cr.) IVR BB+ Negative
05.10.2020 Indian Products Private Limited (IPPL) Long Term/Short Term Non-Fund Based Facilities of Rs. 15.00 Cr.

Short Term Fund Based Facilities of Rs. 150.00 Cr.

Short Term Non-Fund Based Limits (Derivatives-Forward Contracts)of Rs. 13.00 Cr.
IVR BBB-/IVR A3

IVR A3

IVR A3
Stable

-

-
05.10.2020 Debabrata Behera Long Term Bank Facilities of Rs. 74.00 Cr.

Short Term Bank Facilities of Rs. 10.17 Cr.
Provisional IVR BBB- (CE)

Provisional IVR A3 (CE)
Stable

-
01.10.2020 Shapoorji Pallonji & Company Pvt Ltd (SPCPL) Fund Based Facilities (Long and Short Term) of Rs. 10000.00 Cr.

Non Fund Based (Long and Short Term) of Rs. 15000.00 Cr.

Commercial Papers of Rs. 1500.00 Cr.
IVR A+ and IVR A1+

IVR A+ and IVR A1+

IVR A1+
Credit Watch with Developing Implications

Credit Watch with Developing Implications

-
01.10.2020 Ramkrishna Cotspin Private Limited Long term Bank Facilities of Rs. 61.25 Cr.

Short term Bank Facilities of Rs. 3.75 Cr.
IVR BB+ (ISSUER NOT CO-OPERATING)

IVR A4+ (ISSUER NOT CO-OPERATING)
Stable

-
01.10.2020 PVR Spinning and Weaving Limited Long Term Bank Facilities of Rs. 35.00 Cr.

Short Term Bank Facilities of Rs. 1.00 Cr.
IVR BB+

IVR A4+
Stable

-
01.10.2020 Nila Sea Foods Exports (NSFE) Long Term Bank Facility –Outstanding Term Loans of Rs. 3.88 Cr.

Short Term Bank Facility – Packing Credit/Packing Credit in Foreign Currency of Rs. 50.00 Cr.

Short Term Bank Facility – Foreign Bills Purchased of Rs. 43.00 Cr.
IVR BB+

IVR A4+

IVR A4+
Stable

-

-
30.09.2020 Exim Logistics Private Limited Long Term Fund based facilities - Cash Credit of Rs. 24.50 Cr.

Short Term Non Fund based facilities - Bank Guarantee of Rs. 3.00 Cr.
IVR BB+

IVR A4+
Stable

-
30.09.2020 Perfect Megastructures Private Limited Long term - Bank Facilities of Rs. 125.00 Cr. IVR BBB- Stable
30.09.2020 Ganjam Naggapa And Son Private Limited Long Term Bank Facilities of Rs.10.00 Cr. IVR BB- Stable
30.09.2020 Sanaka Educational Trust Long Term Bank Facilities – Term Loan of Rs.37.79 Cr. (reduced from 39.74) IVR BBB- Stable
30.09.2020 Dharamraj Contracts India Private Limited Long Term Bank Facilities - Term Loan of Rs. 5.00 Cr.

Long Term Fund based Bank Facilities of Rs. 20.00 Cr.

Short Term Bank Facilities of Rs. 95.00 Cr.
IVR BB+

IVR BB+

IVR A4+
Stable

Stable

-
30.09.2020 HMA Agro Industries Limited Long Term Bank Facility- Fund Based Limit of Rs.160.00 Cr.

Proposed Long Term Bank Facility- Fund Based Limit of Rs. 90.00 Cr.

Short Term Bank Facility- Fund Based Limit of Rs. 50.00 Cr.
IVR BBB+

IVR BBB+

IVR A2 (Reaffirmed)
Stable

Stable

-
29.09.2020 Parinee Shelters Private Limited (PSPL) Proposed Non-Convertible Debentures of Rs.199.00 Cr. IVR B Stable
29.09.2020 Parinee Realtors Private Limited (PRPL) Proposed Non-Convertible Debentures of Rs.101.00 Cr. IVR B Stable
29.09.2020 River Rose Venture LLP Proposed Term Loan (LRD Facility) of Rs.105.00 Cr. Provisional IVR BBB- (Withdrawn) Stable
28.09.2020 Karle Infra Private Limited Proposed Long Term Bank Facility (LRD Facility) of Rs.630.00 Cr. Provisional IVR BBB+ (Withdrawn) Stable
28.09.2020 Shreyash Aluminium and Alloys Pvt Ltd Long Term Bank Facilities- Cash Credit of Rs.11.50 Cr.

Proposed Long Term Bank Facilities- Cash Credit of Rs. 2.50 Cr.

Short Term Bank Facilities of Rs. 10.00 Cr.
Provisional IVR A-(CE)

Provisional IVR A-(CE)

Provisional IVR A2+(CE)
Stable

Stable

-
25.09.2020 S. E. Power Ltd Long Term Bank Facility – Fund Based – Cash Credit of Rs.4.00 Cr.

Long Term Bank Facility – Fund Based – Term Loan of Rs. 7.66 Cr. (Reduced from INR 12.09 crore)

Long Term Bank Facility – Non Fund Based – Bank Guarantee of Rs. 0.41 Cr.

(Proposed) Non Fund Based – Bank Guarantee of Rs. 0.50 Cr.
IVR BB-

IVR BB-

IVR BB-

Withdrawn
Stable

Stable

Stable

-
25.09.2020 Baba Kailashpati Agro Processing Private Limited Long Term Bank Facilities of Rs.17.18 Cr. IVR B- (ISSUER NOT COOPERATING) Stable
25.09.2020 Meenakshi Ammal Trust Long Term Bank Facilities of Rs. 55.00 Cr.

Proposed Bank Facilities – Long / Short Term of Rs. 5.00 Cr.
IVR BBB+

IVR BBB+ / IVR A2
Stable

Stable/-
25.09.2020 HMA Agro Industries Limited Short Term Bank Facility of Rs.50.00 Cr. IVR A2 -
24.09.2020 SreeDurga Fibre Products Pvt Ltd Long Term Bank Facility- Cash Credit of Rs.5.00 Cr.

Proposed Long Term Bank Facility- Cash Credit of Rs. 4.00 Cr.

Short Term Bank Facility- Bank Guarantee of Rs. 1.00 Cr.
IVR BBB

IVR BBB

IVR A3+
Stable

Stable

-
24.09.2020 JayantiSuper Construction Private Limited [JSCPL] Long Term-Fund Based-Cash Credit of Rs. 4.00 Cr.

Long /Short Term-Non Fund Based Bank Guarantee of Rs. 143.00 Cr.
IVR BBB

IVR BBB/IVR A3+
Stable

Stable
24.09.2020 Bharat Infrastructure & Engineering Private Limited Long Term Facility-Fund Based- Term Loan of Rs. 200.30 Cr.

(Proposed) Long Term Facility-Fund Based- Term Loan of Rs. 65.80 Cr.
IVR BBB-

IVR BBB-
Stable

Stable
24.09.2020 Davanam Jewellers Pvt Ltd Long Term Fund Based Facility- Cash Credit of Rs.73.00 Cr. IVR BB- Stable
23.09.2020 Sri Anagha Refineries Private Limited Long Term Bank Facilities-Term Loan of Rs.0.85 Cr. (Reduced from Rs. 1.50 crore)

Long Term Bank Facilities- Cash Credit of Rs. 14.00 Cr.

Short Term Facility - Letter of Credit of Rs. 135.15 Cr. (Enhanced from Rs. 134.42 crore)
IVR BBB- (Re-affirmed)

IVR BBB- (Re-affirmed)

IVR A3 (Re-affirmed)
Stable

Stable

-
23.09.2020 Suncity Sheets Private Limited (SSPL) Long Term Fund Based Facility – Cash Credit of Rs.133.80 Cr. (enhanced from INR 29.00 Crore)

Long Term Fund Based Facility – Term Loans of Rs. 56.33 Cr. (enhanced from INR1.83 Crore)

Short Term Non Fund Based Facility– Letter of Credit of Rs. 108.00 Cr. (enhanced from INR33.00 Crore)

Short Term Non Fund Based Facility– Forward Contract of Rs. 0.50 Cr.
IVR A- (Re-affirmed)

IVR A- (Re-affirmed)

IVR A2+ (Re-affirmed)

IVR A2+ (Re-affirmed)
Stable

Stable

-

-
23.09.2020 Baliraja Sakhar Karkhana Ltd Long Term Fund based facilities - Cash Credit of Rs. 112.05 Cr.

Long Term Fund based facilities - Term Loan of Rs. 63.91 Cr. (reduced from 85.00)
IVR BB-

IVR BB-
Stable

Stable
22.09.2020 Kings Canyon SEZ Private Limited [KC SEZ] Long term Loan-LRD facility of Rs.90.00 Cr. IVR BBB- Stable
22.09.2020 Udit Pathways Private Limited (UPPL) Long Term Proposed Bank Facility of Rs.1.00 Cr.

Short Term Bank Facility – Bank Guarantee of Rs. 9.07 Cr.
IVR BBB (CE)

IVR A3+ (CE)
Stable

-
22.09.2020 StarAgri Finance Ltd (SFL) Proposed Non-Convertible Debenture (NCD) of Rs.50.00 Cr.

(Proposed) Fund Based Facility - Term Loan of Rs. 300.00 Cr.

(Proposed) Fund Based Facility – Cash Credit of Rs. 50.00 Cr.
IVR BBB

IVR BBB

IVR BBB
Negative

Negative

Negative
22.09.2020 Rewa Pathways Private Limited (RPPL) Long Term Bank Facility – Term Loan of Rs.6.33 Cr. IVR BBB (CE) Stable
22.09.2020 Uttam Industrial Engineering Private Limited Proposed Bank Facilities- Long Term of Rs.5.00 Cr.

Bank Facilities- Short Term of Rs. 25.00 Cr.
IVR BB

IVR A4
Stable

-
22.09.2020 Poddar Housing And Development Limited Bank Facilities- Long Term of Rs. 20.00 Cr. IVR BBB- Stable
22.09.2020 GP Global Energy Pvt Ltd Long Term Bank Facilities of Rs.162.00 Cr.

Short Term Bank Facilities of Rs. 75.00 Cr.
IVR BBB-

IVR A3
Credit watch with developing implication

Credit watch with developing implication
22.09.2020 GP Global Asphalt Pvt Ltd Long Term Bank Facilities of Rs.93.00 Cr.

Short Term Bank Facilities of Rs. 45.00 Cr.

Proposed Short Term Facility of Rs. 25.00 Cr.
IVR BBB-

IVR A3

IVR A3
Credit watch with developing implication

Credit watch with developing implication

Credit watch with developing implication
22.09.2020 Shree Krishna Paper Mills & Industries Limited Long Term Bank Facilities of Rs.25.00 Cr.

Short Term Bank Facilities of Rs. 12.00 Cr.

Proposed Bank Facilities – Long /Short Term of Rs. 3.00 Cr.
IVR BB

IVR A4

IVR BB /IVR A4
Stable

-

Stable / -
21.09.2020 Syntex Trading and Agency Pvt Ltd (STAPL) Long Term Facility - Fund Based –Term Loan of Rs. 374.20 Cr. (reduced from INR463.29 crore) IVR B+ Credit Watch with Negative Implications
21.09.2020 Brilliant Foundation Proposed Term Loan (LRD Facility) of Rs. 30.00 Cr. Provisional IVR BBB- (Withdrawn) Stable
21.09.2020 Acute Retail Infra Private Ltd [ARIPL] Long Term Facility - Fund Based – Term Loan of Rs. 76.05 Cr. IVR B+ Credit Watch with Negative Implications
21.09.2020 Arunachal Timber Traders Private Limited Long Term Bank Facilities – Cash Credit of Rs.4.50 Cr.

Short Term Bank Facilities – Foreign Letter of Credit of Rs.6.50 Cr.
IVR BB (ISSUER NOT COOPERATING)

IVR A4 (ISSUER NOT COOPERATING)
Stable

-
19.09.2020 GMR Aviation Private Limited [GAPL]. Long Term Fund based – Term Loan of Rs. 30.76 Cr. ((reduced from INR 40.07) IVR BBB- (CE) (Reaffirmed) Stable
18.09.2020 Vikas Telecom Private Limited (VTPL) Proposed Long Term Bank Facility – Fund Based – Term Loan of Rs.652.00 Cr. IVR BBB Stable
18.09.2020 PMR Construction Company Long Term Bank Facilities of Rs.5.00 Cr.

Short Term Bank Facilities of Rs.15.00 Cr.
IVR BB+

IVR A4+
Stable

-
18.09.2020 Taneja Aerospace and Aviation Ltd Long Term Fund based facilities - Cash Credit of Rs.4.75 Cr.

Long Term Fund based facilities - Term Loan of Rs.8.35 Cr.

Short Term Non-Fund based facilities - Bank Guarantee of Rs.11.00 Cr.
IVR BB- (Reaffirmed)

IVR BB- (Reaffirmed)

IVR A4 (Reaffirmed)
Stable

Stable

-
18.09.2020 Anusaya Poly Products Industries Long Term Fund Based Facility – Cash Credit of Rs.6.00 Cr.

Long Term Fund Based Facility – Term Loan of Rs.6.24 Cr.
IVR B+

IVR B+
Stable

Stable
17.09.2020 Scientific Security Management Services Private Limited [SSMS] Long Term Fund based – Term Loan of Rs. 2.01 Cr. (reduced from INR 3)

Long Term Fund based – Cash Credit of Rs.17.00 Cr. (enhanced from INR 16)

Short Term Fund based – Sales Invoice Discounting of Rs. 3.00 Cr. (reduced from INR 5)

Short Term Non-Fund based – Bank Guarantee of Rs. 9.00 Cr. (enhanced from INR 4)
IVR BBB (CE)

IVR BBB (CE)

IVR A3+ (CE) (Reaffirmed)

IVR A3+ (CE) (Reaffirmed)
Positive

Positive

-

-
17.09.2020 AP Securitas Private Limited [APSPL] Long Term Fund based – Cash Credit of Rs. 34.00 Cr.

Short Term Fund based – Sales Invoice Discounting of Rs.20.00 Cr. (enhanced from INR 15)

Short Term Non-Fund based – Bank Guarantee of Rs. 10.00 Cr. (reduced from INR 11)
IVR BBB

IVR A3+

IVR A3+
Positive

-

-
17.09.2020 KLA India Public Limited Long term Bank Facilities of Rs. 20.57 Cr.

Short term Bank Facilities of Rs.10.43 Cr.
IVR BBB-

IVR A3
Stable

-
17.09.2020 Fastbuild Blocks Pvt. Ltd. Long term Bank Facilities of Rs. 14.75 Cr. (reduced from 16.68) IVR BB (Reaffirmed) Stable
17.09.2020 Rushil Decor Limited Long Term Bank Facilities – Term Loan of Rs.154.04 Cr. (Reduced from Rs.159.78 crore)

Long Term Bank Facilities – Cash Credit of Rs.85.00 Cr. (Enhanced from Rs.57.00 crore)

Short Term Bank Facilities – Bank Guarantee/Letter of Credit of Rs.44.00 Cr. (Enhanced from Rs.33.00 crore)
IVR BBB+ (Reaffirmed )

IVR BBB+ (Reaffirmed )

IVR A2 (Reaffirmed )
Credit Watch with Developing Implications

Credit Watch with Developing Implications

Credit Watch with Developing Implications
16.09.2020 Impact Sare Magnum Townships Private Limited Long term Bank Facilities – Cash Credit of Rs. 20.00 Cr.

Short term Bank Facilities – Bank Guarantee of Rs.2.50 Cr.
IVR BB (ISSUER NOT COOPERATING)

IVR A4 (ISSUER NOT COOPERATING)
-

-
16.09.2020 Safeco Hygiene Films Pvt Ltd Long Term Fund Based Facility – Cash Credit of Rs. 6.00 Cr.

Long Term Fund Based Facility – Term Loan of Rs.2.22 Cr.

Short Term Non Fund Based Facility – Bank Guarantee of Rs.1.05 Cr.
IVR BB

IVR BB

IVR A4
Stable

Stable

-
16.09.2020 Khadim India Limited Commercial Paper Programme (Earmarked out of current tied-up fund based working capital limits) IVR A1 (Reaffirmed and Withdrawn) -
15.09.2020 Future Enterprises Limited [FEL] Commercial Paper(Short Term)of Rs. 500.00 Cr. IVR D -
15.09.2020 Khandelwal Jewellers (Akola) Pvt Ltd Bank Facilities- Long Term of Rs. 24.18 Cr.

Proposed Bank Facilities- Long Term/Short Term of Rs.0.82 Cr.
IVR BB+

IVR BB+ / IVRA4+
Stable

Stable/-
14.09.2020 K G N Electricals Long Term Bank Facilities of Rs. 7.00 Cr.

Short Term Bank Facilities of Rs. 55.00 Cr.
IVR BBB-

IVR A3
Stable

-
14.09.2020 Shree Cars Pvt Ltd (SCPL) Long Term Bank Facilities- Cash Credit of Rs. 3.00 Cr.

Long Term Bank Facilities- Electronic Dealer Financing (eDFS)of Rs. 22.00 Cr.

Long Term Bank Facilities- Term Loan of Rs. 2.40 Cr.
IVR BB

IVR BB

IVR BB
Stable

Stable

Stable
11.09.2020 Sree Durga Fibre Products Pvt Ltd Long Term Bank Facilities- Cash Credit of Rs. 5.00 Cr.

Proposed Long Term Bank Facilities- Term Loan of Rs. 5.00 Cr.
IVR BBB

IVR BBB
Stable

Stable
11.09.2020 S D Polytech Pvt Ltd Long Term Bank Facilities- Cash Credit of Rs. 20.00 Cr.

Long Term Bank Facilities- Term Loan of Rs. 32.00 Cr.
IVR BBB

IVR BBB
Stable

Stable
11.09.2020 Sunil Kumar Agarwal LLP (SKAL) Long Term Bank Facilities- Cash Credit of Rs. 30.00 Cr.

Short Term Bank Facilities- Bank Guarantee of Rs. 90.00 Cr.
IVR BBB (Reaffirmed)

IVR A3+ (Reaffirmed)
Positive

-
11.09.2020 Surya Processors Private Limited (SPPL) Long Term Fund Based Facilities – Cash Credit of Rs. 84.72 Cr. (Includes proposed facilities of INR37.72 Crore)

Long Term Fund Based Facilities – Term Loans of Rs. 52.53 Cr. (Reduced from INR58.13 Crore)

Long Term Non-Fund Based Facility – Bank Guarantee of Rs. 0.75 Cr.

Short Term Non-Fund Based Facility – Letter of Credit of Rs. 12.00 Cr.
IVR BBB- (Reaffirmed)

IVR BBB- (Reaffirmed)

IVR BBB- (Reaffirmed)

IVR A3 (Reaffirmed)
Stable

Stable

Stable

-
11.09.2020 Mili Steels Private Limited (MSPL) Long Term Fund Based Bank Facility – Cash Credit of Rs. 18.15 Cr.

Long Term Fund Based Bank Facility – working Capital Term Loan of Rs. 2.94 Cr.

Long Term Fund Based Bank Facility – working Capital Demand Loan of Rs. 1.60 Cr.

Short Term Non Fund Based Bank Facilities of Rs. 5.85 Cr.
IVR BB

IVR BB

IVR BB

IVR A4
Positive

-

Positive

-
11.09.2020 Hill Brow Metallics and Construction Pvt Ltd Long Term Bank Facilities- Cash Credit of Rs. 8.00 Cr.

Short Term Bank Facilities- Bank Guarantee of Rs. 15.00 Cr.

Proposed Long Term Bank Facilities- Cash Credit of Rs. 4.00 Cr.

Proposed Short Term Bank Facilities- Bank Guarantee of Rs. 12.00 Cr.
IVR BBB

IVR A3+

IVR BBB

IVR A3+
Positive

-

Positive

-
10.09.2020 Sagar Asia Private Limited Long Term Fund Based Bank Facilities – Term Loan of Rs. 5.25 Cr.

Long Term Fund Based Bank Facilities – Cash Credit of Rs. 50.00 Cr. (including proposed limit of Rs.30.00 crore)

Short Term Non-Fund Based Bank Facilities – Letter of Credit of Rs.10.00 Cr. (including proposed limit of Rs.3.00 crore)

Short Term Non-Fund Based Bank Facilities – Bank Guarantee of Rs. 5.00 Cr. (Proposed limit)
IVR BBB -

IVR BBB -

IVR A3

IVR A3
Stable

Stable

-

-
10.09.2020 Giga Pipes Systems India LLP Long Term Bank Facilities of Rs. 10.00 Cr.

Short Term Bank Facilities of Rs. 30.00 Cr.
IVR A- (CE)

IVR A2+(CE)
-

-
10.09.2020 Siddhi Vinayak Himghar Pvt Ltd Long Term Bank facilities of Rs. 14.38 Cr.

Short Term Bank Facilities of Rs. 0.21 Cr.

Issuer Rating
IVR D (ISSUER NOT COOPERATING)

IVR D (ISSUER NOT COOPERATING)

IVR D(Is)
-

-

-
10.09.2020 Riddhi Siddhi Cold Storage Pvt Ltd Long Term Facilities- Seasonal Working Capital Demand Loan of Rs. 13.42 Cr.

Long Term Facilities- Working Capital Loan of Rs. 1.50 Cr.

Long Term Facilities- Term Loan of Rs. 5.46 Cr.

Long Term Facilities- Bank Guarantee of Rs. 0.31 Cr.
IVR D (ISSUER NOT COOPERATING)

IVR D (ISSUER NOT COOPERATING)

IVR D (ISSUER NOT COOPERATING)

IVR D (ISSUER NOT COOPERATING)
-

-

-

-
10.09.2020 Siddhant Vedant Cold Storage Pvt Ltd Long Term Bank Facilities of Rs. 15.74 Cr. IVR D (ISSUER NOT COOPERATING) -
09.09.2020 Rithwik Projects Private Limited Bank Facilities- Long Term of Rs. 350.00 Cr.

Bank Facilities- Short Term of Rs. 1750.16 Cr.
IVR BBB-

IVR A3
Stable

-
09.09.2020 Supreet Chemicals Private Limited Long term Fund Based Bank Facilities – Cash Credit of Rs. 4.00 Cr.

Short term Fund Based Bank Facilities – EPC/PCFC of Rs. 10.00 Cr.

Short Term Non-Fund Based Bank Facilities – LC/BG of Rs. 11.00 Cr.
IVR BBB-

IVR A3

IVR A3
Stable

-

-
09.09.2020 Gulf Petrochem FZC Issuer Rating IVR BB [Is] (Withdrawn) Stable
09.09.2020 K.M. Sugar Mills Limited Long Term Fund based facilities - Term Loan of Rs. 36.25 Cr.

Long Term Fund based facilities - Cash Credit of Rs. 161.25 Cr.

Short Term Non-Fund based facilities - Bank Guarantee of Rs. 7.00 Cr.
IVR BBB+

IVR BBB+

IVR A2
Stable

Stable

-
09.09.2020 Dhunseri Ventures Limited Long Term Bank Facilities of Rs. 52.50 Cr. (reduced from Rs.60 crore) IVR A+ (Reaffirmed) Stable
08.09.2020 Shri Bajrang Alliance Ltd Long Term Facility – Fund Based – Cash Credit of Rs. 32.15 Cr.

Long Term Fund Based Facility – Term Loan of Rs. 18.64 Cr.

Short Term Fund Based Facility – Bills Discounting under LC of Rs. 8.00 Cr.

Short Term Non Fund Based Facility – Bank Guarantee of Rs. 1.00 Cr.
IVR BB+

IVR BB+

IVR A4+ br/>
IVR A4+
Positive

Positive

-

-
08.09.2020 Jay Formulations Limited (JFL) Long Term Fund Based Bank Facility – Cash Credit of Rs. 25.00 Cr.

Long Term Fund Based Bank Facility – Term Loan of Rs. 8.80 Cr.

Short Term Non Fund Based Bank Facilities of Rs. 16.25 Cr.
IVR BB+

IVR BB+

IVR A4+
Positive

Positive

-
08.09.2020 ATS Infrabuild Private Limited Non-Convertible Debenture of Rs. 135.00 Cr. IVR BB+ Stable
04.09.2020 Shyamsree Infrastructure Private Limited Long Term/ Short Term Bank Facilities of Rs. 50.00 Cr. IVR BBB+(CE) / IVR A2 (CE) Stable/-
04.09.2020 Utkal Healthcare Private Limited Long Term Fund Based Bank Facilities-Term loan of Rs. 45.00 Cr.

Long Term Fund Based Bank Facilities- Cash credit of Rs. 3.00 Cr. ((Enhanced from Rs. 0.00 crore))
IVR BB+ (Reaffirmed)

IVR BB+ (Reaffirmed)
Positive

Positive
04.09.2020 Al-Hamd Agro food Products Private Limited Bank Facilities- Long Term of Rs. 2.80 Cr.

Bank Facilities- Short Term of Rs. 187.00 Cr.
IVR A-

IVR A2+
Stable

-
04.09.2020 Al-Dua Food Processing Private Limited Short Term - Bank Facilities of Rs. 219.00 Cr. IVR A2+ -
04.09.2020 Trimurthi Exports (TME) Proposed Long Term Bank Facility of Rs. 2.00 Cr.

Short Term Fund Based Limits of Rs. 8.00 Cr.
IVR BB- (ISSUER NOT COOPERATING)

IVR A4 (ISSUER NOT COOPERATING)
Stable

-
04.09.2020 Global Ispaat Private Limited (GIPL) Long Term Fund Based Facility- Cash Credit of Rs. 26.00 Cr.

Long Term Fund Based Facility – Term Loan of Rs. 13.91 Cr.

Short Term Non Fund Based Facility of Rs. 13.5 Cr.
IVR BB+

IVR BB+

IVR A4+
Stable

Stable

-
04.09.2020 Chrysalis Trading Pvt Ltd Long Term Facility – Fund Based – Cash Credit of Rs. 15.00 Cr. IVR BB-(ISSUER NOT COOPERATING) -
04.09.2020 Fortune Group Long Term bank facilities- Cash Credit of Rs. 9.00 Cr.

Short Term bank Facilities- Bank Guarantee of Rs. 17.00 Cr.
IVR BB+ (ISSUER NOT COOPERATING)

IVR A4+ (ISSUER NOT COOPERATING)
-

-
04.09.2020 Alpine Distilleries Pvt Ltd Long Term Fund based facilities- Term loan of Rs. 70.65 Cr.

Long Term Fund based facilities- Cash Credit of Rs. 27.35 Cr.

Short Term Non Fund based Facilities- Bank Guarantee of Rs. 0.95 Cr.
IVR BB- (ISSUER NOT COOPERATING)

IVR BB- (ISSUER NOT COOPERATING)

IVR A4 (ISSUER NOT COOPERATING)
-

-

-
03.09.2020 Myrayash Hotels Private Limited Long Term Facility - Fund Based – Term Loan (Proposed)of Rs. 180.00 Cr. IVR BBB-(CE) Stable
03.09.2020 Scasa Nutrients Pvt Ltd Fund Based Limit-Long Term of Rs. 24.37 Cr. IVR BBB- Stable
03.09.2020 Boudh Distillery Private Limited Long Term Bank Facilities of Rs. 52.89 Cr. IVR BBB- Stable
03.09.2020 Babu Banarasi Das Educational Society Long term - Bank Facilities of Rs. 49.53 Cr. IVR A+ Stable
03.09.2020 NRC Industries Limited Long Term Bank Facilities – Fund Based of Rs. 28.00 Cr.

Short Term Bank Facilities – Non Fund Based of Rs. 27.00 Cr.
IVR BBB-

IVR A3
Credit watch with developing implications

Credit watch with developing implications
03.09.2020 Hillman Hosiery Mills Private Limited Long term Bank Facilities – Cash Credit of Rs. 13.90 Cr. (including proposed incremental limits of Rs.0.15 crore)

Long term Bank Facilities – Term Loan of Rs. 1.10 Cr.
IVR BB (ISSUER NOT COOPERATING)

IVR BB (ISSUER NOT COOPERATING)
-

-
03.09.2020 Cabcon India Limited Long Term Bank Facilities – Cash Credit of Rs. 100.00 Cr. (Enhanced from Rs.90.00 crore and including proposed limit of Rs.10.00 crore)

Short Term Bank Facilities – ILC/FLC of Rs. 75.00 Cr. (Enhanced from Rs.40.00 crore and including proposed limit of Rs.19.00 crore)

Short Term Bank Facilities – Bank Guarantee of Rs. 237.00 Cr. (Enhanced from Rs.202.00 crore and including proposed limit of Rs.21.00 crore)
IVR A- (Reaffirmed)

IVR A2+ (Reaffirmed)

IVR A2+ (Reaffirmed)
Stable

-

-
03.09.2020 Ario Infrastructure Private Limited Long Term Bank Facilities of Rs. 10.00 Cr.

Long Term/Short Term Bank Facilities of Rs. 18.00 Cr.
IVR B+ (ISSUER NOT COOPERATING)

IVR B+/IVR A4 (ISSUER NOT COOPERATING)
Stable

Stable/-
02.09.2020 Udit Khamla Highways Private Limited (UKHPL) Long Term Bank Facility – Term Loan of Rs. 10.50 Cr.

Short Term Bank Facility – Bank Guarantee of Rs. 14.32 Cr.
IVR BBB (CE)

IVR A3+ (CE)
Stable

-
02.09.2020 Purulia Metal Casting Private Limited Long Term Bank Facilities of Rs. 73.05 Cr. (enhanced from Rs.66.05 crore) IVR BB+ (Reaffirmed) Positive
01.09.2020 MDA Mineral Dhatu (AP) Private Limited Long Term Bank Facilities – Cash Credit of Rs. 7.50 Cr. IVR BB (ISSUER NOT COOPERATING) -
01.09.2020 Global Mercantile Pvt. Ltd. Long Term Bank Facilities of Rs. 25.00 Cr. IVR BB- Stable
29.08.2020 Ayoki Fabricon Private Limited Long term Bank Facilities of Rs. 29.00 Cr.

Short term Bank Facilities of Rs. 81.00 Cr.
IVR BBB

IVR A3+
Stable

-
28.08.2020 Sara Estates Private Limited Long term Bank Facilities of Rs. 157.47 Cr. IVR BB+ Under Credit watch with developing implications
28.08.2020 Kalyaneswari Udyog Pvt Ltd (KUPL) Long Term Facility – Fund Based – Cash Credit of Rs. 6.50 Cr.

Short Term Non Fund Based Facility – Bank Guarantee of Rs. 2.00 Cr.
IVR BB+

IVR A4+
Stable

-
28.08.2020 Intergen Energy Limited Long term - Bank Facilities of Rs. 3.90 Cr.

Short Term - Bank Facilities of Rs. 26.10 Cr.
IVR BBB-

IVR A3
Stable

-
28.08.2020 Vidya Vikas Education Trust Long Term Fund Based Bank Facilities – Term Loan of Rs. 95.00 Cr. IVR BBB+ Credit Watch with Developing Implications
27.08.2020 Vinni Chemicals Private Limited Bank Facilities - Long Term of Rs. 8.37 Cr. IVR BB- (ISSUER NOT CO-OPERATING) Stable
26.08.2020 Nupur Finvest Private Ltd (NFPL) Cash Credit of Rs. 50.00 Cr. (Reduced from 75.00)

Proposed Long Term Working Capital Facility of Rs. 100.00 Cr. (Increased from 25.00)

Term Loans of Rs. 57.25 Cr. (Reduced from 71.39)

Proposed Term Loans of Rs. 42.75 Cr. (Reduced from 78.61)
IVR A+

IVR A+

IVR A+

IVR A+
Stable

Stable

Stable

Stable
26.08.2020 Paisalo Digital Limited (PDL) Cash Credit of Rs. 759.75 Cr. (Reduced from 822.50)

Proposed Long Term Facility of Rs. 91.25 Cr. (Increased from 67.50)

Term Loan of Rs. 39.00 Cr.

Non-Convertible Debentures of Rs. 50.00 Cr.

Proposed Non-Convertible Debentures of Rs. 50.00 Cr. (Reduced from 100.00)
IVR A+

IVR A+

IVR A+

IVR A+

IVR A+
Stable

Stable

Stable

Stable

Stable
25.08.2020 Kukadi Sahakari Sahkar Kharkhana Ltd (KSSKL) Long Term Facility – Fund Based – Term Loan of Rs. 66.13 Cr. IVR B- (ISSUER NOT COOPERATING) -
25.08.2020 Srinivas Infrastructure Private Limited Long Term Fund Based Limit of Rs. 7.00 Cr.

Short Term Non Fund Based Limit of Rs. 10.00 Cr.
IVR BB+ (ISSUER NOT COOPERATING)

IVR A3 (ISSUER NOT COOPERATING)
-

-
25.08.2020 Silver Oak Shops & Offices Co. Op. Housing Society Limited Long Term Bank Facilities - Term Loan of Rs. 48.70 Cr. (Reduced from Rs 53.70)

Long Term Bank Facilities - OD of Rs. 20.80 Cr.

Short Term Bank Facilities – Bank Guarantee of Rs. 6.00 Cr.
IVR BBB- (Reaffirmed)

IVR BBB- (Reaffirmed)

IVR A3 (Reaffirmed)
Stable

Stable

-
25.08.2020 Annapurna Industries Long Term Bank Facilities of Rs. 9.00 Cr. IVR BB+ Stable
25.08.2020 Vishesh Diagnostics Pvt Ltd (VDPL) Long Term Facility – Fund Based – Term Loan of Rs. 159.12 Cr.

(Proposed) Long Term Facility – Fund Based – Term Loan of Rs. 4.32 Cr.

Short Term Facility – Fund Based – Overdraft of Rs. 4.00 Cr.

(Proposed) Short Term Facility – Fund Based – Overdraft of Rs. 10.00 Cr.
IVR BBB

IVR BBB

IVR A3+

IVR A3+
Stable

Stable

-

-
25.08.2020 United Ciigma Institute of Medical Sciences Pvt Ltd Long Term Debt – Term Loan of Rs. 126.75 Cr.

Long Term Fund Based Limits of Rs. 20.00 Cr.
IVR BB+ (ISSUER NOT COOPERATING) (Reaffirmed & Withdrawn)

IVR BB+ (ISSUER NOT COOPERATING) (Reaffirmed & Withdrawn)
-

-
25.08.2020 Pelicans Automotive & Promotional Products Pvt Ltd Fund Based Long Term Bank Facilities – Cash Credit of Rs. 1.00 Cr.

Non Fund Based - Long Term Bank Facilities – Forward Contracts of Rs. 29.00 Cr.
IVR BB+

IVR BB+
Stable

Stable
24.08.2020 Zodiac Energy Limited [ZEL] Long Term Fund based facilities Cash Credit of Rs. 7.50 Cr.

Short Term Non-Fund based facilities Bank Guarantee of Rs. 8.50 Cr.
IVR BBB-

IVR A3
Stable

-
24.08.2020 IV County Private Limited Long term - Bank Facilities of Rs.34.64 Cr. IVR BBB+ Stable
24.08.2020 Choudhary Builders Pvt. Ltd. [CBPL] Proposed Term Loan (LRD Facility) of Rs. 21.00 Cr. Provisional IVR BBB- Stable
24.08.2020 Capital Power Systems Limited Long Term Bank Facilities of Rs. 24.00 Cr.

Short Term Bank Facilities of Rs. 48.00 Cr.

Proposed Long Term/Short Term Bank Facilities of Rs. 3.00 Cr.
IVR BBB-

IVR A3

IVR BBB-/IVR A3
Stable

-

Stable/-
22.08.2020 Mulpuri Poultries Long term Bank Facilities of Rs. 18.42 Cr. (reduced from 20.00) IVR BB+ Stable
22.08.2020 PSR Infrastructures Bank Facilities- Long Term of Rs. 15.00 Cr.

Proposed Bank Facilities- Short Term of Rs. 5.00 Cr.
IVR B+

IVR A4
Stable

-
22.08.2020 Future Enterprises Limited [FEL] Commercial Paper(Short Term) of Rs. 500.00 Cr. IVR A4 -
21.08.2020 Wudtools Fund Based Facilities – Cash Credit of Rs. 12.00 Cr. IVR BB- (ISSUER NOT COOPERATING) -
21.08.2020 Glocal Healthcare Systems Pvt Ltd Long Term Bank of Rs. 40.00 Cr. IVR B (ISSUER NOT COOPERATING) Stable
21.08.2020 Nestor Pharmaceuticals Limited (NPL) Long Term Fund Based Facility of Rs. 70.17 Cr.

Short Term Fund Based Facility of Rs. (13.25) Cr.

Short Term Non Fund Based Facility or Rs. 25.00 cr.
IVR BBB- (Reaffirmed)

IVR A3 (Reaffirmed)

IVR A3 (Reaffirmed)
Stable

-

-
21.08.2020 Sahara Housingfina Corporation Limited Non-Convertible Debentures of Rs. 30.00 Cr. IVR BB- (Reaffirmed) Stable
21.08.2020 Medec Dragon Private Limited Issuer Rating IVR A- [Is] Stable
21.08.2020 Seamec Limited Long term / Short term Bank Facilities - Non Fund based – Bank Guarantee (Cash Credit as a sub limit of Bank Guarantee)of Rs. 25.00 (1.00) Cr.

Proposed Long term / Short term Bank Facilities - Non Fund based – Bank Guarantee of Rs. 50.00 Cr.

Short term Bank Facilities - Non Fund based – LER (Forward Contract) of Rs. 5.00 Cr.
IVR A- (Reaffirmed)

IVR A-

IVR A2+ (Reaffirmed)
Stable

-

Stable
21.08.2020 Ambience Hotels & Resorts Pvt Ltd (AHRPL) Long Term - Fund Based Facilities of Rs. 515.00 Cr.

Short Term - Fund Based Facility of Rs. 50.00 Cr.
IVR BBB (CE)

IVR A3+ (CE)
Credit Watch with Developing Implications

-
20.08.2020 Param Enterprises Private Limited Long Term Bank Facilities – Cash Credit of Rs. 25.00 Cr.

Long Term/Short Term Bank Facilities – Bank Guarantee of Rs. 70.00 Cr.
IVR A- (Reaffirmed)

IVR A- / IVR A2+ (Reaffirmed)
Stable

Stable / -
20.08.2020 Duroply Industries Limited Long term Bank Facilities of Rs. 45.74 Cr. (enhanced from 42.74)

Short term Bank Facilities of Rs. 37.26 Cr.
IVR BB (Reaffirmed)

IVR A4 (Reaffirmed)
Negative

-
20.08.2020 Balajee Ispat Udyog Cash Credit (Proposed) IVR BB (Withdrawn) Stable
19.08.2020 Silpa Projects & Infrastructure (India) Private Limited Long Term Fund Based Facility - Cash Credit of Rs. 30.00 Cr.

Long Term Fund Based Facility – Overdraft Facility of Rs. 3.00 Cr.

Short Term Non-Fund Based Facility – Bank Guarantee of Rs. 44.00 Cr.
IVR BB+

IVR BB+

IVR A4+
Stable

Stable

-
19.08.2020 BCL Industries Limited Long Term Bank Facilities – Cash Credit of Rs. 125.00 Cr.

Long Term Bank Facilities – Term Loan of Rs. 53.17 Cr.

Short Term Bank Facilities of Rs. 50.00 Cr.

Fixed Deposit of Rs. 0.70 Cr.
IVR A- (Reaffirmed)

IVR A- (Reaffirmed)

IVR A2+ (Reaffirmed)

IVR FA- (Reaffirmed)
Stable

Stable

-

Stable
19.08.2020 Udit Infraworld Private Limited (UIPL) Long Term Bank Facility – Cash Credit of Rs. 4.50 Cr.

Short Term Bank Facility – Bank Guarantee of Rs. 32.00 Cr.

Long Term Proposed Facility – Proposed Cash Credit of Rs. 20.50 Cr. (Enhanced from INR15.50 Crore)

Short Term Proposed Facility – Proposed Bank Guarantee of Rs. 38.00 Cr. (Enhanced from INR23.00 Crore)
IVR BBB (Reaffirmed)

IVR A3+ (Reaffirmed)

IVR BBB (Reaffirmed)

IVR A3+ (Reaffirmed)
Stable

-

Stable

-
19.08.2020 Aarryaveer Oil Industries Private Limited (AOIPL) Long Term Fund Based Facility – Term Loan of Rs. 3.89 Cr.

Long Term Fund Based Facility – Proposed CC Limit of Rs. 11.11 Cr.
IVR BB+

IVR BB+
Stable

Stable
18.08.2020 Krazybee Services Private Limited (KSPL) Proposed Non-Convertible Debentures of Rs. 100.00 Cr. IVR BBB Positive
18.08.2020 Manaksia Coated Metals & Industries Limited Long Term Bank Facilities of Rs. 15.00 Cr. IVR A- Stable
18.08.2020 Khyati Ispat Private Limited Long Term Bank Facilities- Cash Credit of Rs. 79.50 Cr.

Short Term Bank Facilities- Letter of Credit of Rs. 5.00 Cr.
IVR BBB-

IVR A3
Stable

-
17.08.2020 Maple Logistics Pvt. Ltd. Long Term Fund Based Limits-Cash Credit of Rs. 78.00 Cr. (including proposed limits of INR9.75 crore)

Short Term Non-Fund Based Limits – LC/BG of Rs. 22.00 Cr. (including proposed limit of Rs.8.25 crore)
IVR D (ISSUER NOT COOPERATING)

IVR D (ISSUER NOT COOPERATING)
-

-
17.08.2020 Magnifico Minerals Private Limited Long Term Fund Based Limits – Cash Credit of Rs. 35.00 Cr. (including proposed limits of INR 4.00 Crore)

Short Term Non-Fund Based Limits – LC of Rs. 365.00 Cr. (including proposed limits of INR 27.00 Crore)
IVR D (ISSUER NOT COOPERATING)

IVR D (ISSUER NOT COOPERATING)
-

-
17.08.2020 Everest Metals FZE Long Term Fund Based Limits OD –Existing of Rs. 76.70 Cr. (11.80 MN USD)

Long Term Fund Based Limits – OD – Proposed of Rs. 63.30 Cr. (9.74 MN USD)
IVR BB (ISSUER NOT COOPERATING)

IVR BB (ISSUER NOT COOPERATING)
Stable

Stable
17.08.2020 Worlds Window Wardha Infrastructure Private Limited Long Term Debt – Proposed Term Loan of Rs. 50.00 Cr. IVR C (ISSUER NOT COOPERATING) -
17.08.2020 Worlds Window Impex India Private Limited Long Term Fund Based Limits of Rs. 195.50 Cr. (including proposed limits of INR10.50 Crore)

Short Term Fund Based Limits –EPC/PCFC of Rs. 150.00 Cr. (Proposed)

Short Term Non-Fund Based Limits – LC/BG of Rs. 195.50 Cr. (including proposed limits of INR10.50 Crore)
IVR D (ISSUER NOT COOPERATING)

IVR D (ISSUER NOT COOPERATING)

IVR D (ISSUER NOT COOPERATING)
-

-

-
17.08.2020 Topline Commodities Pvt Ltd Long term Bank Facilities of Rs. 55.15 Cr. (reduced from 58.40)

Short term Bank Facilities of Rs. 1.67 Cr.
IVR B+

IVR A4 (Reaffirmed)
Stable

-
17.08.2020 Imperial Granites Pvt Ltd Long Term Bank Facilities of Rs. 9.00 Cr.

Short Term Bank Facilities of Rs. 5.00 Cr.
IVR BB (ISSUER NOT COOPERATING)

IVR A4 (ISSUER NOT COOPERATING)
Stable

-
14.08.2020 Kota Electricity Distribution Limited Long Term Fund Based Facilities- Term loan of Rs. 96.56 Cr. (enhanced from Rs.70.31 crore)

Long Term Non-Fund Based Facilities- Bank Guarantee of Rs. 225.00 Cr. (enhanced from Rs.219.50 crore)

Short Term Fund Based Facilities- Overdraft of Rs. 100.00 Cr.
IVR BBB+ (Reaffirmed)

IVR BBB+ (Reaffirmed)

IVR A2 (Reaffirmed)
Stable

Stable

-
14.08.2020 Bikaner Electricity Supply Limited Long Term Bank Facilities of Rs. 150.00 Cr. (enhanced from 130.00)

Short Term Bank Facilities of Rs. 100.00 Cr.
IVR BBB+ (Reaffirmed)

IVR A2 (Reaffirmed)
Stable

-
14.08.2020 Bharatpur Electricity Services Limited Long Term Non-Fund Based Facilities-Bank Guarantee of Rs. 52.50 Cr. (enhanced from 47.50)

Short Term Fund Based Facilities-Overdraft of Rs. 40.00 Cr.
IVR BBB+ (Reaffirmed)

IVR A2 (Reaffirmed)
Stable

-
14.08.2020 Seagull Maritime Agencies Private Limited Long Term Fund Based Facility – Cash Credit of Rs. 35.00 Cr. (including proposed limit of INR20.00 Crore) IVR D (ISSUER NOT COOPERATING) -
14.08.2020 Radius and Deserve Land Developers Pvt Ltd (RDLDPL) Non-Convertible Debentures of Rs. 302.00 Cr. IVR D -
14.08.2020 Kashvi International Private Limited Long Term Bank Facilities of Rs. 54.75 Cr. (enhanced from 27.75)

Short Term Bank Facilities of Rs. 7.50 Cr.
IVR BBB-(Reaffirmed)

IVR A3
Positive

-
14.08.2020 Clininvent Research Pvt Ltd Long Term Facilities - Term Loan of Rs. 54 Cr.

Long Term Fund Based Facilities- Cash Credit of Rs. 7.00 Cr.

Long Term NonFund Based Facilities- Derivative Contract of Rs. 2.00 Cr.

Short Term Non Fund Based Facilities- Letter of Credit of Rs. 7.00 Cr.
IVR BB+(CE) (ISSUER NOT COOPERATING)

IVR BB+(CE) (ISSUER NOT COOPERATING)

IVR BB+(CE) (ISSUER NOT COOPERATING)

IVR A4+ (CE) (ISSUER NOT COOPERATING)
-

-

-

-
14.08.2020 Ambience Developers and Infrastructure Private Limited Long Term Fund Based Bank Facilities of Rs. 1470.00 Cr.

Short Term Non-Fund Based Bank Facilities of Rs. 15.00 Cr.
IVR BBB+

IVR A2
Credit Watch with Developing Implications

-
14.08.2020 Ahalia Money Exchange & Financial Services Private Limited Long Term Fund Based Facility – Cash Credit of Rs. 21.00 Cr.

Long Term Fund Based Facility – WCDL of Rs. 3.00 Cr.

Long Term Facility – Proposed NCD of Rs. 20.00 Cr.
IVR BB+ (Reaffirmed)

IVR BB+ (Reaffirmed)

IVR BB+
Stable

Stable

-
14.08.2020 Ambience Commercial Developers Pvt Ltd (ACDPL LRD Facility of Rs. 1330.00 Cr. IVR BBB+ Credit Watch with Developing Implications
12.08.2020 Nestor Pharmaceuticals Limited (NPL) Long Term Fund Based Facility of Rs. 55.17 Cr.

Short Term Fund Based Facility of Rs. (13.25) Cr.

Short Term Non Fund Based Facility of Rs. 20.00 Cr.
IVR BBB-

IVR A3

IVR A3
Stable

-

-
12.08.2020 Royal Infraconstru Limited Long term Fund Based Facilities- Cash Credit of Rs. 137.00 Cr.

Long term Bank Facilities- Term Loan of Rs. 8.28 Cr.

Short term Non-Fund Based Facilities- Bank Guarantee of Rs. 205.00 Cr.

Proposed Short term Non-Fund Based Facilities- Bank Guarantee of Rs. 85.00 Cr.
IVR A- (Reaffirmed)

IVR A- (Reaffirmed)

IVR A2+ (Reaffirmed)

IVR A2+ (Reaffirmed)
Positive

Stable

-

-
11.08.2020 Singhania Buildcon Private Limited Long Term Fund Based Bank Facilities – Term Loan of Rs. 44.11 Cr.

Short Term Fund Based Bank Facilities – Bank Overdraft of Rs. 5.89 Cr.
IVR BBB-

IVR A3
Positive

-
11.08.2020 Primetime Realtors Private Limited Proposed Non-Convertible Debenture (NCD) of Rs. 350.00 Cr. IVR BB (Withdrawn) Stable
11.08.2020 Future Market Networks Limited Long Term Proposed Facility – Proposed Term Loan of Rs. 500.00 Cr. IVR BBB (Withdrawn) Credit watch with negative implication
11.08.2020 Murugavilas Textiles (MVT) Long Term Fund Based Facility – OCC of Rs. 5.00 Cr.

Long Term Fund Based Facility – Term Loan of Rs. 7.90 Cr.
IVR B+

IVR B+
Stable

Stable
10.08.2020 Moksha Thermoplastics Private Limited Long term Bank Facilities of Rs.23.00 Cr.

Short term Bank Facilities of Rs. 12.00 Cr.
IVR BBB-

IVR A3
Stable

-
10.08.2020 Sivanta Spuntex Private Limited Long term Bank Facilities of Rs.77.86 Cr. (enhanced from Rs.19.36)

Short term Bank Facilities of Rs. 5.64 Cr.

Long Term/ Short Term Bank Facilities of Rs. 2.50 Cr.
IVR BBB- (Reaffirmed)

IVR A3 (Reaffirmed)

IVR BBB-
Stable

-

Stable
10.08.2020 Precision Realty Developers Pvt Ltd Proposed Term Loan (LRD Facility) of Rs.175.00 Cr. Provisional IVR A (Withdrawn) Stable
10.08.2020 Paul Merchants Finance Private Limited (PMFPL) Long Term Fund Based Facility – Cash Credit of Rs.50.00 Cr.

Long Term Bank Facility – Working Capital Demand Loan of Rs. 6.40 Cr.

Long Term Proposed Facility of Rs. 20.10 Cr.

Short Term Fund Based Facility – Overdraft of Rs. 43.50 Cr.
IVR BBB+

IVR BBB+

IVR BBB+

IVR A2
Stable

Stable

Stable

-
08.08.2020 Future Enterprises Limited [FEL] Commercial Paper(Short Term) of Rs.500.00 Cr. IVR A2 Credit watch with negative implications
08.08.2020 Syntex Trading and Agency Pvt Ltd (STAPL) Long Term Facility - Fund Based – Term Loan of Rs.374.20 Cr. (reduced from INR463.29 crore) IVR BBB Credit Watch with Negative Implications
08.08.2020 Rungta Projects Limited Long term Bank Facilities of Rs.43.00 Cr. (reduced from 45.50)

Short term Bank Facilities of Rs. 12.00 Cr. (enhanced from 9.50)
IVR BB- (Reaffirmed)

IVR A4 (Reaffirmed)
Stable

-
08.08.2020 Kushal Polysacks Private Limited Long Term Bank Facilities of Rs.57.00 Cr. (enhanced from 36.00)

Short Term Bank Facilities of Rs. 15.00 Cr.
IVR BB+ (Reaffirmed)

IVR A4+
Stable

-
08.08.2020 Acute Retail Infra Private Limited [ARIPL] Long Term-Fund based (Term Loan) of Rs.76.05 Cr. IVR BBB+ Credit watch with negative implications
07.08.2020 G.S. Developers and Contractors Pvt Ltd Fund Based Limit-Long Term of Rs.5.50 Cr.

Non Fund Based-Short Term of Rs. 15.00 Cr.
IVR BB-

IVR A4
Stable

-
07.08.2020 Turtle Limited Long Term Fund Based Facilities- Cash Credit of Rs. 45.00 Cr.

Short Term Fund Based Facilities- Standby Line of Credit of Rs. 7.80 Cr. (enhanced from 3.00)

Short Term Non Fund Based Facilities- Letter of Credit of Rs. 3.00 Cr.

Short Term Non Fund Based Facilities- Credit Exposure Limit of Rs. 0.20 Cr.
IVR BBB-

IVR A3

IVR A3

IVR A3
Credit Watch with Developing Implications

Credit Watch with Developing Implications

Credit Watch with Developing Implications

Credit Watch with Developing Implications
07.08.2020 Easy Home Finance Limited (EHFL) Proposed Bank Facilities of Rs. 100.00 Cr. IVR BBB- Credit Watch with Developing Implication
07.08.2020 K. D. Liquor & Fertilizer Pvt. Ltd Long Term Bank Facilities- Cash Credit of Rs. 21.73 Cr.

Long Term Bank Facilities- WCDL

Short Term Bank Facilities of Rs.1.50 Cr.
IVR BBB- (Reaffirmed)

Withdrawn

IVR A3 (Reaffirmed)
Stable

-

-
06.08.2020 Dugar Polymers Limited (DPL) Fund Based Bank Facilities – Term Loans of Rs. 2.35 Cr.

Fund Based Bank Facilities – Cash Credit of Rs. 38.00 Cr.

Non Fund Based Bank Facilities – Bank Guarantee of Rs. 5.50 Cr.

Non Fund Based Bank Facilities – Forward Cover of Rs. 0.15 Cr.
IVR BB+

IVR BB+

IVR A4+

IVR A4+
Stable

Stable

-

-
06.08.2020 Vitthalrao Shinde Sahakari Sakhar Karkhana Limited Long Term Bank Facilities – Fund Based of Rs. 304.78 Cr. IVR BBB- Stable
06.08.2020 Nayati Healthcare and Research Private Limited Long Term Fund Based Bank Facilities-Term loan of Rs. 250.00 Cr.((Reduced from Rs. 260 crore)

Long Term Fund Based Bank Facilities- Cash credit of Rs. 45.00 Cr.

Long Term Fund Based Bank Facilities- Term loan of Rs. 0.00 Cr. (Reduced from Rs. 155.00 crore)
IVR BBB-

IVR A3

Withdrawn
Credit watch with developing implications

Under Credit watch with developing implications

-
06.08.2020 Akashganga Infraventures India Limited Long Term Bank Facilities of Rs. 17.85 Cr.

Short Term Bank Facilities of Rs. 25.00 Cr.
IVR BBB-

IVR A3
Credit watch with developing implications

-
06.08.2020 Shivalik Power & Steel Private Limited Long Term Fund Based Bank Facilities – Cash Credit of Rs. 19.00 Cr.

Long Term Fund Based Bank Facilities – Term Loan of Rs. 1.56 Cr.
IVR BBB- (Reaffirmed)

IVR BBB- (Reaffirmed)
Stable

Stable
06.08.2020 Sivanta Spuntex Private Limited Bank Facilities- Long Term of Rs. 19.36 Cr.

Bank Facilities- Short Term of Rs. 5.64 Cr.
IVR BBB-

IVR A3
Stable

-
05.08.2020 Posco Poggenamp Electrical Steel Private Limited (PPES) Long Term Fund Based Facility – Cash Credit of Rs. 20.00 Cr. IVR BB- Stable
05.08.2020 Suncity Strips and Tubes Private Limited (SSTPL) Long Term Fund Based Facility – Cash Credit of Rs. 24.50 Cr.

Short Term Fund Based Facilities – Letter of Credit (Includes proposed limit of INR0.50 crore) of Rs. 45.50 Cr.
IVR A- (Withdrawn)

IVR A2+ (Withdrawn)
Stable

-
05.08.2020 Roto Pumps Ltd Long term Bank Facilities of Rs. 14.00 Cr. (Reduced from Rs. 30.00 crore)

Long Term/Short Term Bank Facilities of Rs. 30.00 Cr.

Short term Bank Facilities of Rs. 2.50 Cr.(Reduced from Rs. 10.00 crore)
IVR A-

IVR A-/ IVR A2+

IVR A2+
Credit watch with developing implication

Credit watch with developing implication

Credit watch with developing implication
05.08.2020 Swift Financial Results Ltd Long Term Bank Facilities of Rs. 22.39 Cr.

Short Term Bank Facilities of Rs. 0.50 Cr.
IVR BB-

IVR A4
Stable

-
04.08.2020 Ahalia Money Exchange & Financial Services Private Limited (AMEFSPL) Long Term Fund Based Facility – Cash Credit of Rs. 21.00 Cr.

Long Term Fund Based Facility – WCDL of Rs. 3.00 Cr.
IVR BB+

IVR BB+
Stable

Stable
03.08.2020 Trishul Dealcom Pvt Ltd Proposed Long Term Bank Facilities- Cash Credit of Rs. 25.00 Cr. (enhanced from 50.50) IVR BB+ (ISSUER NOT COOPERATING) Stable
03.08.2020 Saraf Trexim Limited Short Term Bank Facilities of Rs. 60.50 Cr. (enhanced from 50.50) IVR A4+ (Reaffirmed) -
03.08.2020 Rajaramsevak Multipurpose Cold Storage Pvt Ltd (RMCSPL) Long Term Facilities- Working Capital Loan of Rs. 0.96 Cr.

Long Term Facilities- Working Capital Demand Loan of Rs. 9.07 Cr.

Long Term Facilities- Term Loan of Rs. 1.59 Cr.

Long Term Facilities- Bank Guarantee of Rs. 0.20 Cr.
IVR D

IVR D

IVR D

IVR D
-

-

-

-
03.08.2020 Goddess Textiles Private Limited Long Term Bank Facilities of Rs. 9.00 Cr. IVR B+ Stable
03.08.2020 Paul Merchants Finance Private Limited (PMFPL) Long Term Fund Based Facility – Cash Credit of Rs. 50.00 Cr.

Long Term Bank Facility – Working Capital Demand Loan of Rs. 6.40 Cr.

Long Term Proposed Facility of Rs. 20.10 Cr.

Short Term Fund Based Facility – Overdraft of Rs. 43.50 Cr.
IVR BBB+

IVR BBB+

IVR BBB+

IVR A2
Stable

Stable

Stable

-
03.08.2020 ASI Industries Limited (ASI) Term Loans of Rs. 153.13 Cr.

Long Term / Short Term Working Capital Facilities – WCDL/CC/LC/BG of Rs. 52.00 Cr.

Short Term Working Capital Facilities – LC of Rs. 26.00 Cr.
IVR BBB-

IVR BBB-

IVR A3
Stable

Stable

-
31.07.2020 Piccadily Agro Industries Limited Long Term Bank Facilities of Rs. 95.00 Cr.

Short Term Bank Facilities of Rs. 5.00 Cr.
IVR BBB

IVR A3+
Stable

-
30.07.2020 Shivtex Spinning Private Limited Long Term Bank Facilities of Rs. 86.27 Cr.

Short Term Bank Facilities of Rs. 1.70 Cr.
IVR BBB

IVR A3+
Stable

-
30.07.2020 Giriraj Iron Limited [GIL] (Additional Limit) Long Term/ Short Term Fund based/ Non-Fund based facilities Letter of Credit of Rs. 20.00 Cr. (enhanced from 15.00)

Long Term Fund based facilities Cash Credit of Rs. 15.00 Cr.
IVR BBB- (Reaffirmed)

IVR BBB-
Negative

Negative
30.07.2020 Giriraj Exim Private Limited [GEPL] (Additional Limit) Long Term Fund based facilities Cash Credit of Rs. 48.00 Cr.

Short Term Fund based facilities Channel Finance Working Capital facility of Rs. 20.00 Cr.
IVR BBB- (Reaffirmed)

IVR A3
Negative

-
30.07.2020 Suncity Sheets Private Limited (SSPL) Long Term Fund Based Facility – Cash Credit of Rs. 29.00 Cr.

Long Term Fund Based Facility – Term Loans of Rs. 1.83 Cr. (Reduced from INR17.69 Crore)

Short Term Non Fund Based Facility– Letter of Credit of Rs. 33.00 Cr.
IVR A- (Re-affirmed)

IVR A- (Re-affirmed)

IVR A2+ (Re-affirmed)
Stable

Stable

-
30.07.2020 Clan Vitrified Private Limited [CVPL] Long Term-Fund Based-Term Loan of Rs. 19.15 Cr.

Long Term-Fund Based-Cash Credit of Rs. 10.00 Cr.

Short Term-Non Fund Based-Bank Guarantee of Rs. 5.20 Cr.
IVR BB

IVR BB

IVR A4
Stable

Stable

-
29.07.2020 Enzotech Solutions Private Limited Long Term /Short Term Bank Facilities (Proposed) of Rs. 3.00 Cr. IVR B+ / IVR A4 Stable / -
29.07.2020 Harman Finochem Ltd Long Term Fund Based Facilities of Rs. 50.00 Cr.

Short Term Non Fund Based Facilities of Rs. 10.00 Cr.
IVR A- (ISSUER NOT COOPERATING)

IVR A2+ (ISSUER NOT COOPERATING)
Stable

-
29.07.2020 D.N. Homes Private Limited Long Term Fund Based Bank Facilities – Term Loan of Rs. 25.00 Cr.

Long Term Fund Based Bank Facilities – Cash Credit of Rs. 5.00 Cr.
IVR BBB-

IVR BBB-
Stable

Stable
28.07.2020 Kushal Polysacks Private Limited Long Term Bank Facilities of Rs. 36.00 Cr. IVR BB+ Stable
27.07.2020 Kataria Automobiles Private Limited (KAPL) Long Term Fund Based Facility – Cash Credit of Rs. 155.00 Cr.

Long Term Fund Based Facility – Term Loan of Rs. 5.78 Cr.

Short Term Non Fund Based Facility – Bank Guarantee of Rs. 30.00Cr.
IVR BBB-

IVR BBB-

IVR A3
Negative

Negative

-
24.07.2020 Shivalik Power & Steel Private Limited Long Term Fund Based Bank Facilities – Cash Credit of Rs. 15.00 Cr. IVR BBB- Stable
24.07.2020 Shivalik Engineering Industries Limited Long Term Fund Based Bank Facilities – Cash Credit of Rs. 25.90 Cr.

Long Term Fund Based Bank Facilities – Term Loan of Rs. 34.10 Cr.
IVR BBB-

IVR BBB-
Stable

Stable
24.07.2020 Siddhi Cotspin Private Limited Long Term Bank Facilities of Rs. 112.61 Cr.

Short Term Bank Facilities of Rs. 3.00 Cr.
IVR BBB

IVR A3+
Stable

-
24.07.2020 Sanskar Agro Processors Pvt Ltd Long Term Bank Facility – Fund Based – Cash Credit of Rs. 23.50 Cr.

Long Term Bank Facility – Fund Based – Term Loan of Rs. 11.12 Cr. (Reduced from INR 15.64 crore)

Long Term Bank Facility – Non Fund Based – Bank Guarantee of Rs. 1.50 Cr.
IVR BBB- (Re-affirmed)

IVR BBB- (Re-affirmed)

IVR BBB- (Re-affirmed)
Stable

Stable

Stable
23.07.2020 Golden Peace Infrastructure Pvt Ltd Long Term Bank Facility of Rs. 25.00 Cr. IVR BBB- Stable
23.07.2020 N.E. Agency Long Term Bank Facilities - Cash Credit of Rs. 5.00 Cr.

Long Term / Short Term bank facilities (Proposed) of Rs. 21.00 Cr.
IVR B+ (ISSUER NOT COOPERATING)

IVR B+/A4 (ISSUER NOT COOPERATING)
-

-
23.07.2020 Global Powersource (India) Pvt Ltd Long Term Bank Facilities of Rs. 18.00 Cr.

Short Term Bank Facilities of Rs. 5.00 Cr.
IVR BBB-

IVR A3
Negative

-
23.07.2020 Giriraj Iron Limited [GIL] Long Term/ Short Term Fund based/ Non-Fund based facilities Letter of Credit of Rs. 15.00 Cr.

Long Term/ Short Term Fund based/ Non-Fund based facilities Cash Credit of Rs. (15.00) Cr.
IVR A3

IVR BBB-
-

Negative
23.07.2020 Giriraj Exim Private Limited [GEPL] Long Term Fund based facilities Cash Credit of Rs. 48.00 Cr. IVR BBB- Negative
22.07.2020 GP Petroleums Ltd Long Term/ Short Term Bank Facilities of Rs. 220.00 Cr. IVR A- / IVR A2+ Stable / -
22.07.2020 Vandana Ispat Limited Long Term Bank Facilities of Rs. 40.00 Cr.

Short Term Bank Facilities of Rs. 2.48 Cr.
IVR BBB-

IVR A3
Stable

-
21.07.2020 Pushpganga Minerals LLP Long Term Fund Based Bank Facilities – Cash Credit of Rs. 15.00 Cr.

Short Term Non-Fund Based Bank Facilities – Letter of Credit of Rs. 15.00 Cr.
IVR BBB-

IVR A3
Positive

-
21.07.2020 Hindusthan Loha Limited Long Term Fund Based Bank Facilities – Cash Credit of Rs. 6.00 Cr.

Short Term Fund Based Bank Facilities – ODBD of Rs. 19.00 Cr.
IVR BBB-

IVR A3
Positive

-
21.07.2020 Agrasen Ispat Private Limited Long Term Fund Based Bank Facilities – Cash Credit of Rs. 29.50 Cr.

Short Term Non-Fund Based Bank Facilities – Bank Guarantee of Rs. 4.00 Cr.
IVR BBB-

IVR A3
Positive

-
20.07.2020 Encorp Powertrans Private Limited Long Term Fund Based Facility - Cash Credit of Rs. 30.00 Cr.

Long Term Fun Based Facility -Term Loan of Rs. 0.30 Cr.

Short Term Non-Fund Based Facility - Bank Guarantee of Rs. 45.00 Cr.

Short Term Non-Fund Based Facility - Letter of Credit of Rs. 15.00 Cr.
IVR BB+

IVR BB+

IVR A4+

IVR A4+
Stable

Stable

-

-
20.07.2020 Universal Knitwears Long term Bank Facilities of Rs. 8.00 Cr.

Short term Bank Facilities of Rs. 10.50 Cr.
IVR BB (ISSUER NOT CO-OPERATING)

IVR A4 (ISSUER NOT CO-OPERATING)
Stable

-
20.07.2020 Rawalwasia Textile Industries Private Limited Long Term Fund Based Facility - Cash Credit of Rs. 30.00 Cr.

Short Term Facility – Derivative Limit of Rs. 1.50 Cr.
IVR BBB-

IVR A3
Stable

-
20.07.2020 JAM Hotels and Resorts Private Limited Long Term Fund Based Bank Facilities (Proposed) of Rs. 2.00 Cr. IVR BB Stable
20.07.2020 Bhatia Trading Company Long Term Bank Facilities of Rs. 6.00 Cr. IVR B+ (ISSUER NOT CO-OPERATING) Stable
16.07.2020 Sunrise Gilts and Securities Private Limited Long term Bank Facilities of Rs. 35.00 Cr.

Long Term Bank Facilities - Proposed of Rs. 70.00 Cr.
IVR AA+ (CE)

Provisional** IVR AA+ (CE)
Stable

Stable
16.07.2020 Supermax Personal Care Private Limited [SPCPL] Long Term/ Short Term Fund based facilities PCFC of Rs. 4.00 Cr.

Long Term/ Short Term Fund based facilities FDBP of Rs. 32.50 Cr.

Long Term/ Short Term Fund based facilities CC of Rs.(4.00) Cr.

Short Term Non-Fund based facilities BG/ LC of Rs. 58.92 Cr.
IVR A4

IVR A4

IVR BB-

IVR A4
-

-

Stable

-
16.07.2020 Reliable Cashew Company Private Limited Long term Bank Facilities of Rs. 59.47 Cr.

Long Term /Short Term Bank Facilities of Rs. 35.00 Cr.

Short Term Bank Facilities of Rs. 5.50 Cr.
IVR BB+

IVR BB+

IVR A4+
Stable

Stable

-
16.07.2020 Nayati Medical Private Limited Long Term Fund Based Bank Facilities of Rs. 10.00 Cr. IVR BBB- (Reaffirmed) Stable
15.07.2020 Maple Panels Private Limited [MPPL] Long Term-Fund Based-Term Loan of Rs. 10.44 Cr.

Long /Short Term-Fund/Non Fund Based-Cash Credit (LC-Sublimit of CC) of Rs. 7.50 (3.00) Cr.

Short Term-Non Fund Based-Bank Guarantee of Rs. 1.00 Cr.

Short Term-Non Fund Based-Letter of Credit of Rs. 3.00 Cr.
IVR BBB-

IVR BBB-

IVR A3

IVR A3
Stable

Stable

-

-
15.07.2020 Active Clothing Co Limited (ACCL) Long Term Fund Based Facility – Cash Credit of Rs. 58.44 Cr.

Long Term Fund Based Facility – Term Loan of Rs. 12.18 Cr.
IVR BBB-

IVR BBB-
Stable

Stable
13.07.2020 P.K. Pharmatech Private Limited (PKPL) Long Term Bank Facility – Cash Credit of Rs. 6.00 Cr.

Short Term Bank Facility – Letter of Credit of Rs. 16.90 Cr.
IVR BB+

IVR A4+
Stable

-
11.07.2020 Shanthi Vijaya Saw Mill (SVSM) Long Term Fund Based Bank Facility – Cash Credit of Rs. 3.00 Cr.

Long Term / Short Term Fund / Non Fund Based Bank Facility – Cash Credit / Inland / Import LC of Rs. 4.00 Cr.

Short Term Non Fund Based Bank Facility – Inland / Import LC of Rs. 8.00 Cr.
IVR BB-

IVR BB-

IVR A4
Stable

Stable

-
11.07.2020 Jalaram Agriexports Private Limited Long Term Bank Facilities of Rs. 1.15 Cr.

Short Term Bank Facilities of Rs. 26.50 Cr.
IVR BBB-

IVR A3
-

-
10.07.2020 Pantheon Infrastructure Private Limited (PIPL) Proposed Term Loan (LRD Facility)of Rs. 500.00 Cr. Provisional IVR AA Stable
10.07.2020 Amar Infrastructure Limited Long term Bank Facility- Cash Credit of Rs. 25.00 Cr.

Short Term Bank Facility- Bank Guarantee of Rs. 122.00 Cr.
IVR BBB (Reaffirmed)

IVR A3+ (Reaffirmed)
Stable

-
10.07.2020 LSC Infratech Limited Long Term Bank Facilities of Rs. 170.00 Cr. (Increased from INR 116.00 crore)

Short Term Bank Facilities of Rs. 30.00 Cr. (Increased from INR 10.00 crore)
IVR BBB+ (Reaffirmed)

IVR A2 (Reaffirmed)
Stable

-
09.07.2020 Maruti Spintex Private Limited (MSPL) (Additional Limits) Long Term Fund Based Facility – Term Loans of Rs. 39.08 Cr.

Long Term Fund Based Facility – Cash Credit of Rs. 22.50 Cr.

Short Term Non Fund Based Facility– Bank Guarantee of Rs. 5.18Cr.
IVR BBB-

IVR BBB- (Re-affirmed)

IVR A3 (Re-affirmed)
Stable

Stable

-
08.07.2020 Sree Saravana Engineering Bhavani Private Limited Bank Facilities- Long Term of Rs. 5.00 Cr.

Bank Facilities- Short Term of Rs. 35.00 Cr.
IVR BB+

IVR A4+
Stable

-
08.07.2020 LSC Infratech Limited Long Term Bank Facilities of Rs. 116.00 Cr.

Short Term Bank Facilities of Rs. 10.00 Cr.
IVR BBB+

IVR A2
-

-
06.07.2020 KBC Infrastructures Pvt Ltd Long Term Bank Facilities of Rs. 17.98 Cr.

Short Term Bank Facilities of Rs. 8.00 Cr.
IVR BB

IVR A4
Stable

-
06.07.2020 Jay Bharat Steel Corporation Long term Bank Facilities of Rs. 18.17 Cr. IVR BBB- Stable
06.07.2020 Gulf Petrochem India Pvt Ltd Long Term Bank Facilities- Term Loan of Rs. 114.00 Cr. IVR A-(CE) Stable
06.07.2020 Ganesh Benzoplast Ltd (GBL) Long Term Debt – Term Loan of Rs. 25.09 Cr. (Reduced from INR 40.025 crore)

Long Term/Short Term Facility – Non Fund Based – Bank Guarantee of Rs. 8.25 Cr. (enhanced from INR 3.25 crore)

Proposed Long Term/Short Term Facility – Non Fund Based – Bank Guarantee of Rs. 4.73 Cr.
IVR BBB- (Re-affirmed)

IVR BBB-/ IVR A3 (Re-affirmed)

IVR BBB- / IVR A3 (Re-affirmed)
Stable

Stable

Stable
03.07.2020 Bravo Sponge Iron Private Limited Long Term Fund Based Facilities of Rs. 167.29 Cr. (reduced from 174.50)

Short Term Non Fund Based Facilities of Rs. 40.50 Cr.
IVR BBB (Reaffirmed)

IVR A3+ (Reaffirmed)
Stable

-
03.07.2020 Udit Infraworld Private Limited (UIPL) Long Term Bank Facility – Cash Credit of Rs. 4.50 Cr.

Short Term Bank Facility – Bank Guarantee of Rs. 32.00 Cr.

Long Term Proposed Facility – Proposed Cash Credit of Rs. 15.50 Cr.

Short Term Proposed Facility – Proposed Bank Guarantee of Rs. 23.00 Cr.
IVR BBB

IVR A3+

IVR BBB

IVR A3+
Stable

-

Stable

-
03.07.2020 Sonar Casting Limited Long Term Bank Facilities of Rs. 68.25 Cr. (enhanced from Rs.19.00)

Short Term Bank Facilities of Rs. 2.70 Cr. (enhanced from Rs.1.00)
IVR BBB(CE) (Reaffirmed)

IVR A3+(CE) (Reaffirmed)
Stable

-
03.07.2020 Nandhana Hotels Private Limited Long term Bank Facilities of Rs. 54.87 Cr.

Short term Bank Facilities of Rs. 2.50 Cr.
IVR BB+

IVR A4+
Stable

-
03.07.2020 Nandhana Foods Private Limited Long term Bank Facilities of Rs. 54.87 Cr. IVR BB+ Stable
02.07.2020 Hi Bond Cement India Private Limited Long Term Facility – Term Loan of Rs. 12.65 Cr.

Long Term Facility – Fund Based of Rs. 30.00 Cr.

Long Term Facility – Non Fund Based of Rs. 2.00 Cr.
IVR BBB+ (Reaffirmed)

IVR BBB+ (Reaffirmed)

IVR BBB+
Stable

Stable

Stable
02.07.2020 Capri Global Capital Ltd. (CGCL) Term Loans of Rs. 1931.09 Cr. (Increased from 1498.95)

Proposed Term Loans of Rs. 2448.91 Cr.(Reduced from 2,881.05)

Cash Credit of Rs. 120.00 Cr.

Non-Convertible Debentures of Rs. 00.00 Cr. (Reduced from 75.00)

Non-Convertible Debentures of Rs. 150.00 Cr.

Proposed Non-Convertible Debentures of Rs. 150.00 Cr. (Reduced from 225.00)

Proposed Commercial Papers of Rs. 350.00 Cr.
IVR AA-

IVR AA-

IVR AA-

Withdrawn


IVR AA-

IVR AA-

IVR A1+ (Reaffirmed)
Stable

Stable

Stable

-

Stable

Stable

-
02.07.2020 JCO Gas Pipe Limited Proposed Long Term Bank Facilities of Rs. 10.00 Cr.

Proposed Short Term Bank Facilities of Rs. 40.00 Cr.
IVR BBB- (Reaffirmed)

IVR A3 (Reaffirmed)
Stable

-
02.07.2020 StarAgri Finance Ltd (SFL) Proposed Non-Convertible Debenture (NCD) of Rs.50.00 Cr. IVR BBB Negative
02.07.2020 Maruti Spintex Private Limited (MSPL) Long Term Fund Based Facility – Cash Credit of Rs. 22.50 Cr.

Short Term Non Fund Based Facility– Bank Guarantee of Rs. 5.18 Cr.
IVR BBB-

IVR A3
Stable

-
02.07.2020 GP Global Energy Pvt Ltd Long Term Bank Facilities of Rs. 162.00 Cr.

Short Term Bank Facilities of Rs. 75.00 Cr.
IVR A-(CE)

IVR A2+(CE)
Stable

-
02.07.2020 GP Global Asphalt Pvt Ltd Long Term Bank Facilities of Rs. 93.00 Cr.

Short Term Bank Facilities of Rs. 45.00 Cr.

Proposed Short Term Bank Facilities of Rs. 25.00 Cr.
IVR A-(CE)

IVR A2+(CE)

IVR A2+(CE)
Stable

-

- < /td>
01.07.2020 J P Sortex Private Limited Long term - Bank Facilities of Rs. 37.00 Cr.

Short Term - Bank Facilities of Rs. (29.00) Cr.

Short Term - Bank Facilities of Rs. (12.00) Cr.
IVR BBB-

IVR A3

IVR A3
Stable

-

-
01.07.2020 Del Trade International Private Limited Long Term Bank Facilities of Rs. 15.00 Cr.

Short Term Bank Facilities of Rs. 33.50 Cr.

Proposed Limit of Rs. 1.50 Cr.
IVR BBB- (Reaffirmed)

IVR A3 (Reaffirmed)

IVR A3
Positive

-

-
01.07.2020 ACN Infotech (India) Private Limited Short Term Non-Fund Based Limits (Foreign Bank Guarantee)of Rs. 52.00 Cr. IVR A3 (Reaffirmed) -
01.07.2020 Vijay Transformers Long Term Fund Based Facility of Rs. 2.50 Cr.

Long Term/Short Term Non Fund Based Facility of Rs. 5.00 Cr.

Short Term Non Fund Based of Rs. 1.00 Cr.
IVR B+ (ISSUER NOT COOPERATING)

IVR B+(ISSUER NOT COOPERATING)

IVR A4 (ISSUER NOT COOPERATING)
Stable

Stable

-
01.07.2020 SVR Electricals Private Limited Long Term Bank Facility of Rs. 7.25 Cr.

Long Term/Short Term Bank Facilities of Rs. 18.75 Cr.

Short Term Bank Facility of Rs. 1.00 Cr.
IVR BB- (ISSUER NOT COOPERATING)

IVR BB- (ISSUER NOT COOPERATING)

IVR A4 (ISSUER NOT COOPERATING)
Stable

Stable

-
01.07.2020 Lekcon Infrastructure Private Limited Long Term Bank Facilities – Cash Credit of Rs. 24.00 Cr.

Short Term Bank Facilities – Bank Guarantee of Rs. 116.00 Cr. (enhanced from Rs.91.00 crore and Including proposed limit of Rs.26.00 crore)
IVR BBB+

IVR A2
Stable

-
01.07.2020 Kashvi International Private Limited Long Term Bank Facilities of Rs. 27.75 Cr.

Short Term Bank Facilities of Rs. 7.50 Cr.
IVR BBB-

IVR A3
Positive

-
01.07.2020 Shri Dutt India Private Limited [SDIPL] Long Term-Fund Based-Term Loan of Rs. 20.00 Cr.

Long Term-Fund Based-EPC/PCFC of Rs. 140.00 Cr.

Long Term-Fund Based-Cash Credit of Rs. 121.00 Cr.

Long Term-Fund Based-Ware House Loan of Rs. 150.00 Cr.

Short Term-Non Fund Based-Bank Guarantee of Rs. 10.00 Cr.

Short Term-Non Fund Based-Derivative/FC of Rs. 5.77 Cr.
IVR BBB-

IVR BBB-

IVR BBB-

IVR BBB-

IVR A3

IVR A3
Stable

Stable

Stable/-

Stable

-

-
01.07.2020 Palriwal Industries Private Limited Long Term Bank Facilities of Rs. 38.50 Cr.

Short Term Bank Facilities of Rs. 5.00 Cr.

Long Term/ Short Term Bank Facilities of Rs. 18.50 Cr.

Proposed Long term Bank Facilities of Rs. 1.20 Cr.
IVR BBB-

IVR A3

IVR BBB-/A3

IVR BBB-
Stable

-

Stable/-

Stable
29.06.2020 Mangalmoyee Maa Chandi Multipurpose Cold Storage Pvt Ltd Long Term Bank Facilities of Rs. 10.56 Cr. IVR B- (ISSUER NOT COOPERATING) Stable
29.06.2020 Maa Jay Chandi Multipurpose Cold Storage Pvt Ltd Long Term Bank Facilities of Rs. 8.00 Cr. IVR B- (ISSUER NOT COOPERATING) Stable
29.06.2020 Kartick Chandra Agro Products Private Limited Long Term Bank Facilities of Rs. 11.66 Cr. IVR B- (ISSUER NOT COOPERATING) Stable
26.06.2020 Chrysalis Trading Private Limited Long Term Facility – Fund Based – Cash Credit of Rs. 15.00 Cr. IVR BB (Re-affirmed) Stable
25.06.2020 OneOTT Intertainment Limited (OIL) Long Term Fund Based Facility - Cash Credit of Rs. 2.00 Cr.

Proposed Long Term Fund Based Facility of Rs. 12.00 Cr.

Long Term / Short Term Non-Fund Based Facility – Capex Letter of Credit of Rs. 8.00 Cr.
IVR A+

IVR A+

IVR A+
Stable

Stable

Stable
25.06.2020 NXT Digital Limited (NDL) Long Term Facility – Term Loan of Rs. 195.00 Cr.

Proposed Long Term Fund Based Facility of Rs. 125.00 Cr.
IVR A+

IVR A+
Stable

Stable
25.06.2020 Cruso Granito Private Limited Long Term Bank Facilities of Rs. 50.55 Cr.

Short Term Bank Facilities of Rs. 3.00 Cr.
IVR BB

IVR A4
Stable

-
25.06.2020 Sunstream City Private Limited Non-Convertible Debentures (NCDs) (Zero Coupon Bonds) of Rs. 817.90 Cr. IVR B- (ISSUER NOT COOPERATING)(Reaffirmed) Negative
25.06.2020 Parsvnath Estate Developers Private Limited Proposed Non-Convertible Debenture (NCD) of Rs. 100.00 Cr. IVR B+ (Reaffirmed) Stable
24.06.2020 Autolite (India) Limited Long Term Bank Facilities – Term Loan of Rs. 2.00 Cr.

Long Term Bank Facilities – Cash Credit of Rs. 7.00 Cr.

Short Term Bank Facilities – Packing Credit of Rs. 6.00 Cr.

Short Term Bank Facilities – Foreign Bill Discounting of Rs. 2.50 Cr.

Short Term Bank Facilities – Letter of Credit of Rs. 2.50 Cr.

Short Term Bank Facilities – Bank Guarantee of Rs. 1.00 Cr.
IVR BB (ISSUER NOT COOPERATING)

IVR BB (ISSUER NOT COOPERATING)

IVR A4 (ISSUER NOT COOPERATING)

IVR A4 (ISSUER NOT COOPERATING)

IVR A4 (ISSUER NOT COOPERATING)

IVR A4 (ISSUER NOT COOPERATING)
Stable

Stable

-

-

-

-
23.06.2020 Panchal Agro Fresh Long Term Fund Based Facility – Term Loan of Rs. 20.16 Cr.

Long Term Fund Based Facility – Cash Credit of Rs. 4.19 Cr.
IVR B+

IVR B+
Stable

Stable
22.06.2020 Sonar Casting Limited Long Term Bank Facilities of Rs. 19.00 Cr.

Short Term Bank Facilities of Rs. 1.00 Cr.
IVR BBB(CE)

IVR A3+(CE)
Stable

-
22.06.2020 Bija Agrifresh Private Limited Long Term Bank Facilities of Rs. 39.18 Cr. IVR BB+ Stable
22.06.2020 UTTAMENERGY LIMITED (UEL) Long Term Facility – Fund Based – Cash Credit of Rs. 20.00 Cr.

Short Term Facility – Non Fund Based - Bank Guarantee of Rs. 15.00 Cr.

Short Term Facility – Non Fund Based - Bank Guarantee of Rs. 33.00 Cr.

Short Term Facility – Non Fund Based – Letter of Credit of Rs. 15.00 Cr.
IVR BBB

IVR A3+

IVR A3+

IVR A3+
Stable

-

-

-
22.06.2020 M.M. Industries Long Term Bank Facilities- Cash Credit of Rs. 4.00 Cr.

Short Term Bank Facilities- LC of Rs. 15.00 Cr.
IVR BB- (ISSUER NOT COOPERATING)

IVR A4 (ISSUER NOT COOPERATING)
Stable

-
19.06.2020 SPA Global Private Limited [SGPL] Fund based (Long Term) Cash Credit (G. Sec. only) of Rs. 25.00 Cr. IVR AA+ (CE) Stable
19.06.2020 Fortune Chemicals Ltd Long Term Bank Facilities – Proposed Term Loan of Rs. 45.00 Cr.

Long Term Bank Facilities – Cash Credit (Proposed) of Rs. 5.00 Cr.
IVR B+ (ISSUER NOT COOPERATING)

IVR B+ (ISSUER NOT COOPERATING)
Stable

Stable
19.06.2020 S.V. Distributors Private Limited Long Term Bank Facilities – Cash Credit of Rs. 64.00 Cr.

Long Term Bank Facilities – Proposed Cash Credit of Rs. 24.00 Cr.

Short Term Bank Facilities – Bank Guarantee of Rs. 1.00 Cr.
IVR BBB-

IVR BBB-

IVR A3
Stable

Stable

-
19.06.2020 MMG Holdings Private Limited Long Term Bank Facilities – Term Loans of Rs. 15.04 Cr. IVR BB+ (ISSUER NOT COOPERATING) Stable
18.06.2020 Vikram India Limited Long Term Bank Facilities- Term Loan of Rs. 2.46 Cr.

Long Term Bank Facilities- Cash Credit of Rs. 30.00 Cr.

Short Term Bank Facilities- PC/PCFC of Rs. 11.00 Cr.

Short Term Bank Facilities- Letter of Credit of Rs. 17.00 Cr.
IVR BB+ (ISSUER NOT COOPERATING)

IVR BB+ (ISSUER NOT COOPERATING)

IVR A4+ (ISSUER NOT COOPERATING)

IVR A4+ (ISSUER NOT COOPERATING)
Stable

Stable

-

-
18.06.2020 Shivam Iron & Steel Company Limited Long Term Bank Facilities – Cash Credit of Rs. 125.00 Cr. (Enhanced from Rs.15.00 crore)

Long Term Bank Facilities – Term Loan of Rs. 33.69 Cr.

Short Term Bank Facilities - Letter of Credit of Rs. 32.00 Cr.

Short Term Bank Facilities – Bank Guarantee of Rs. 18.90 Cr. (Including proposed limit of Rs.15.00 crore)
IVR BBB- (Reaffirmed)

IVR BBB-

IVR A3

IVR A3
Credit Watch with Developing Implications

Credit Watch with Developing Implications

Credit Watch with Developing Implications

Credit Watch with Developing Implications
17.06.2020 Ajanta Spintex Private Limited Long Term Bank Facilities of Rs. 28.87 Cr.

Short Term Bank Facilities of Rs. 2.05 Cr.
IVR B

IVR A4
Stable

-
16.06.2020 Val-met Engineering Private Limited Long Term Bank Facilities – Fund Based of Rs. 8.90 Cr.

Long Term Bank Facilities – Non Fund Based of Rs. 25.20 Cr.
IVR BB+

IVR BB+
Positive

Positive
16.06.2020 Omkara Assets Reconstruction Private Limited Proposed Fund Based Working Capital Facilities – Cash Credit of Rs.150.00 Cr. IVR BBB+ Positive Outlook
16.06.2020 GMR Energy Trading Limited Long Term Fund based – Term Loan of Rs. 280.15 Cr.

Long Term Fund based – Cash Credit of Rs. 10.00 Cr.

Short Term Fund based – Working Capital Demand Loan of Rs. 49.00 Cr. ((reduced from INR 50))

Short Term Non-Fund based of Rs. 11.00 Cr. (reduced from INR 25)

Proposed Short Term Working Capital limit of Rs. 15.00 Cr.
IVR BBB- (CE)

IVR BBB- (CE) (Reaffirmed)

IVR A3 (CE) (Reaffirmed)

IVR A3 (CE) (Reaffirmed)

IVR A3 (CE)
Stable

Stable

-

-

-
16.06.2020 Asandas and Sons Private Limited Long term Fund based Bank Facility – Term Loans of Rs. 33.27 Cr. (Reduced from INR33.62 Crore)

Long term Bank Facility – External Commercial Borrowings in Foreign Currency Denomination of Rs. 42.00 Cr.

Long term Fund based Bank Facility – Cash Credit of Rs. 22.00 Cr.

Short term Non Fund based Facility – Bank Guarantee of Rs. 8.50 Cr.

Long term Fund based Bank Facility – Term Loan of Rs. 7.20 Cr.

Long term Fund based Bank Facility – Cash Credit of Rs. 12.00 Cr.

Proposed Long term Fund based Bank Facility – Proposed Cash Credit of Rs. 6.00 Cr.
IVR BBB (Revised)

IVR BBB (Revised)

IVR BBB (Revised)

IVR A3+ (Revised)

IVR BBB

IVR BBB

IVR BBB
Stable

Stable

Stable

-

Stable

Stable

Stable
13.06.2020 Lendingkart Finance Limited Long term Bank Facilities - Proposed of Rs. 150.00 Cr.

Unallocated (NCD/Long Term /Short Term Bank Facilities) of Rs. 350.00 Cr.
IVR A-

IVR A- /IVR A2+
Stable

Stable /-
13.06.2020 Gupta H.C Overseas (India) Private Limited Long Term Bank Facilities of Rs. 60.00 Cr.

Short Term Bank Facilities of Rs. 9.00 Cr.
IVR A-

IVR A2+
Stable

-
13.06.2020 M3M India Private Limited Proposed NCD of Rs. 100.00 Cr.

Proposed NCD of Rs. 250.00 Cr.
IVR BBB (Reaffirmed)

IVR BBB (Reaffirmed)
Stable

Stable
12.06.2020 JR Super Specialty Hospitals Private Limited Long Term Fund Based Bank Facilities (Proposed) of Rs. 60.00 Cr. IVR BBB- Stable
12.06.2020 Siddhi Weaves Private Limited Long Term Bank Facilities of Rs. 44.24 Cr.

Long term/Short term Bank Facilities of Rs. 27.00 Cr.
IVR BBB

IVR BBB / IVR A3+
Stable

Stable/-
12.06.2020 Ankush Shikshan Sanstha Cash Credit of Rs. 19.00 Cr. IVR BB- (Withdrawn) Stable
10.06.2020 United Ciigma Institute of Medical Sciences Private Limited Long Term Debt – Term Loan of Rs. 126.75 Cr.

Long Term Fund Based Limits of Rs. 20.00 Cr.
IVR BB+ (ISSUER NOT COOPERATING)

IVR BB+ (ISSUER NOT COOPERATING)
Stable

Stable
10.06.2020 Shivam Iron & Steel Company Limited Long Term Bank Facilities of Rs. 15.00 Cr. IVR BBB- Credit watch with developing implications
09.06.2020 Sewa Singh Oberoi & Company Long Term Bank Facility- Cash Credit of Rs. 2.00 Cr.

Short Term Bank Facility- Bank Guarantee of Rs. 21.00 Cr.
IVR BBB-

IVR A3
Stable

-
09.06.2020 Royal Infraconstru Limited Long term Fund Based Facilities- Cash Credit of Rs. 137.00 Cr.

Long term Bank Facilities- Term Loan of Rs. 8.28 Cr.

Short term Non-Fund Based Facilities- Bank Guarantee of Rs. 205.00 Cr.
IVR A- (Reaffirmed)

IVR A- (Reaffirmed)

IVR A2+ (Reaffirmed)
Stable

-

-
09.06.2020 NS Engineering Company Private Limited Long Term Bank Facilities – Cash Credit of Rs. 10.00 Cr.

Short Term Bank Facilities – Bank Guarantee of Rs. 8.00 Cr.

Short Term Bank Facilities – Letter of Credit of Rs. 8.00 Cr.
IVR BBB- (Reaffirmed)

IVR A3 (Reaffirmed)

IVR A3 (Reaffirmed)
Stable

-

-
05.06.2020 ICICI Prudential Office Yield Optimizer Fund [IPOYOF] ICICI Prudential Office Yield Optimizer Fund of Rs. 700.00 Cr. IVR AA+ (AIF) (Revised & Withdrawn) Stable
05.06.2020 Selene Estate Limited Proposed Non-Convertible Debenture (NCD) of Rs. 100.00 Cr. IVR BB (Reaffirmed) Stable
04.06.2020 Neepa Real Estates Private Limited Proposed Non-Convertible Debenture (NCD) of Rs. 100.00 Cr. IVR BB (Reaffirmed) Stable
04.06.2020 Mittal International Short Term Bank Facilities of Rs. 25.00 Cr. IVR A3+ -
04.06.2020 Ashapura Options Private Limited Bank Facilities- Long Term of Rs. 735.00 Cr. IVR BBB- Stable
04.06.2020 Hyfun Agrilink Private Limited (HAPL) Long Term Bank Facility – Working Capital Demand Loan of Rs. 50.00 Cr.

Long Term Bank Facility – Working Capital Demand Loan of Rs. 5.00 Cr.

Proposed Long Term Fund Based Bank Facilities of Rs. 50.00 Cr.
IVR BBB

IVR BBB

IVR BBB
Stable

Stable

Stable
04.06.2020 Dhanvarsha Finvest Limited (DFL) Proposed Non-Convertible Debenture (NCD) of Rs. 25.00 Cr. IVR BBB- Stable
03.06.2020 KLA Foods India Limited Long term Bank Facilities of Rs. 2.50 Cr.

Short term Bank Facilities of Rs. 17.50 Cr.
IVR BBB-

IVR A3
Negative Outlook

-
03.06.2020 Duke Fabrics (India) Limited Long Term Bank Facilities of Rs. 26.59 Cr.

Short Term Bank Facilities of Rs. 5.00 Cr.
IVR BBB-

IVR A3
Credit watch with developing implications

-
03.06.2020 Ess Ess Kay Engineering Company Private Limited (SSK) ((Additional Limits)) Ess Ess Kay Engineering Company Private Limited (SSK) of Rs. 30.00 Cr. (Enhanced from Rs. 25.00 Crore)

Long Term Fund Based Facility – Term Loans of Rs. 1.34 Cr.

Short Term Fund Based Facility – Bill Discounting of Rs. 0.25 Cr.

Short Term Non Fund Based Facility – Letter of Guarantee of Rs. 17.50 Cr.

Proposed Short Non Fund Based Bank Facility of Rs.0.31 Cr.
IVR BB+ (Reaffirm)

IVR BB+

IVR A4+

IVR A4+

IVR A4+
Stable

Stable

-

-

-
02.06.2020 Indiabulls Real Estate Limited (IBREL) Term Loan of Rs. 215.95 Cr.

Proposed Term Loan of Rs. 274.05 Cr.

NCDs of Rs. 510.00 Cr.

NCDs of Rs. 225.00 Cr.

Commercial Paper of Rs. 1500.00 Cr.
IVR AA-

IVR AA-

IVR AA-

IVR AA

IVR A1+ (Reaffirmed)
Stable

Stable

Stable

Stable

-
02.06.2020 Mulpuri Poultries Long Term Bank Facilities of Rs. 20.00 Cr. IVR BB Stable (ISSUER NOT CO-OPERATING) Stable
01.06.2020 Chemtrade Overseas Private Limited (COPL) Long Term Fund Based Limits of Rs. 5.00 Cr.

Short Term -Fund Based Facilities of Rs. 20.00 Cr.
IVR BB/Stable (ISSUER NOT CO-OPERATING)

IVR A4 (ISSUER NOT CO-OPERATING)
Stable

-
01.06.2020 IQ City Foundation Long Term Bank Facilities- Term Loan of Rs. 197.925 Cr. IVR BB+ Stable
30.05.2020 Primeco Realty Private Limited Long Term - Proposed LRD of Rs. 200.00 Cr. Provisional IVR BBB- Stable
30.05.2020 Simon India Limited Long Term Bank Facilities of Rs. 100.00 Cr. IVR BBB- (CE) Stable
29.05.2020 Hindustan Enviro Life Protection Services Ltd (HELP) Long Term Facility – Fund Based – Cash Credit of Rs. 69.50 Cr. (enhanced from INR 60.00 crore)

Long Term Facility – Fund Based – TL of Rs. 6.38 Cr.

Short Term Facility – Non Fund Based – Letter of Credit of Rs. 12.00 Cr.
IVR BBB- (Revised)

IVR BBB-

IVR A3 (Withdrawn)
Stable

Stable

-
29.05.2020 Varsha Construction Long Term Fund Based Facility – Overdraft/Cash Credit of Rs. 7.00 Cr.

Long Term / Short Term Non Fund Based Facility – Bank Guarantee of Rs. 8.00 Cr.
IVR BB+ (Withdrawn)

IVR BB+ (Withdrawn)
Stable

Stable
28.05.2020 Ess Ess Kay Engineering Company Private Limited (SSK) Long Term Fund Based Facility - Cash Credit of Rs. 25.00 Cr. IVR BB+ Stable
28.05.2020 South Seas Distilleries & Breweries Private Limited (SSDBPL) Proposed Long Term Fund Based Facility - Proposed Term Loan of Rs. 25.00 Cr. IVR BBB- Stable
27.05.2020 OPJ Trading Private Limited (OTPL) Non-Convertible Debentures of Rs. 100.00 Cr. IVR A- (CE) Stable
27.05.2020 Gulf Petroleum FZC Issuer Rating IVR A- [Is] Stable
27.05.2020 Adhikar Microfinance Pvt Ltd Long Term Bank Facilities of Rs. 140.00 Cr. (enhanced from Rs. 50.00) IVR BBB- (Reaffirmed) Stable
27.05.2020 SR Jungle Resort (SRJR) Term Loan of Rs. 18.71 Cr.

Working capital(OD) of Rs. 3.00 Cr.
IVR BB-

IVR A4
Stable

-
27.05.2020 M3M India Private Limited Proposed NCD of Rs. 100.00 Cr.

Proposed NCD of Rs. 250.00 Cr.
IVR BBB

IVR BBB
Stable

Stable
26.05.2020 Sumatichand Gouti Jewellers Private Limited Long Term Fund Based Limits of Rs. 382.00 Cr. IVR BB (ISSUER NOT COOPERATING) Stable
26.05.2020 Surajmull Gouti Long Term Fund Based Limits of Rs. 75.00 Cr. IVR BB- (ISSUER NOT COOPERATING) Stable
26.05.2020 Sustainable Agro-Commercial Finance Limited Bank Facilities- Fund Based Long Term of Rs. 130.90 Cr.

Proposed Long Term Bank Facilities of Rs. 69.10 Cr.
IVR BBB-

IVR BBB-
Credit watch with developing implications

Credit watch with developing implications
26.05.2020 Suraj Agro Infrastructure (India) Private Limited Proposed Term Loan of Rs. 50.00 Cr. IVR BB+ (ISSUER NOT COOPERATING) Stable
26.05.2020 Prayatna Microfinance Limited Long TermBank Facilities of Rs. 50.00 Cr. IVR BBB- Stable
26.05.2020 Kalamboli Structurals and Roofings Private Limited [KSRPL] Proposed Term Loan (LRD Facility) of Rs. 60.00 Cr. (Enhanced from 10.00) Provisional IVR BBB- (Reaffirmed) Stable
23.05.2020 Symcom Exim Pvt Ltd Long Term Bank Facilities of Rs. 75.00 Cr. IVR BB+ Positive
22.05.2020 GMR Infrastructure Limited [GIL] Long Term Fund based – Term Loan of Rs. 2547.37 Cr.(reduced from 2975.59)

Long Term Fund based – NCD of Rs. 252.50 Cr. (reduced from 432.50)

Long Term Fund based – Working Capital limit of Rs. 470.50 Cr.(reduced from 595.50)

Long Term Non-Fund based of Rs. 555.95 Cr.(reduced from 623.40)

Short Term Non-Fund based of Rs. 226.83 Cr.(reduced from 253.83)
IVR BBB- (Reaffirmed)

IVR BBB- (Reaffirmed)

IVR BBB- (Reaffirmed)

IVR BBB- (Reaffirmed)

IVR A3 (Reaffirmed)
Stable

Stable

Stable

Stable

-
22.05.2020 TR Sawhney Motors Private Limited Bank Facilities- Long Term of Rs. 70.00 Cr.

Bank Facilities- Short Term of Rs. 119.00 Cr.

Proposed Bank Facilities-Long Term/ Short Term of Rs. 11.00 Cr.
IVR BBB+

IVR A2

IVR BBB+/IVR A2
Stable

-

Stable/-
22.05.2020 TR Sawhney Automobiles Private Limited Bank Facilities- Long Term of Rs. 33.50 Cr.

Bank Facilities- Short Term of Rs. 68.00 Cr.
IVR BBB+

IVR A2
Stable

-
21.05.2020 Kandhan Knitss Packing Credit of Rs. 10.00 Cr.


Proposed long term Facilities of Rs. 1.00 Cr.



Short term Facilities – Bill Discounting of Rs. 7.00 Cr.
IVR B- (ISSUER NOT COOPERATING)

IVR B- (ISSUER NOT COOPERATING)

IVR A4 (ISSUER NOT COOPERATING)
Stable


Stable



-
21.05.2020 Rudra Aerospace & Defence Private Limited Long-Term Bank Facility- Term Loan (Proposed) of Rs. 10.00 Cr.

Long-Term Bank Facility- Cash Credit (Proposed) of Rs. 5.00 Cr.
Provisional IVR BBB- [CE]

Provisional IVR BBB- [CE]
Stable

Stable
21.05.2020 Foram Exim LLP Long Term/Short Term Fund based/Non Fund Based Bank Facility – Cash Credit/Letter of Credit of Rs. 5.00 Cr.


Short Term Facility – Non-Fund Based – Letter of Credit of Rs. 45.00 Cr.
IVR BBB/ IVR A3+



IVR A3+
Credit Watch with Developing Implications

Credit Watch with Developing Implications
21.05.2020 D M Corporation Short Term Facility – Non-Fund Based – Letter of Credit of Rs. 40.00 Cr. IVR A3+ Credit Watch with developing implications
21.05.2020 Begunia Projects Private Limited Long Term Fund Based Facility of Rs. 5.00 Cr. IVR B+ (ISSUER NOT COOPERATING) Stable
21.05.2020 Aryan Enterprise Short Term Facility – Non-Fund Based – Letter of Credit of Rs. 40.00 Cr. IVR A3+ Stable
20.05.2020 Airflow Equipments India Private Limited (AEIPL) Long Term Fund Based Facility – Cash Credit of Rs. 35.00 Cr.

Long Term Fund Based Facility – Term Loan of Rs. 14.00 Cr.

Long Term / Short Term Non Fund Based Bank Facility –Bank Guarantee/ Letter of Credit of Rs. 20.00 Cr.
IVR BBB-

IVR BBB-

IVR BBB- / IVR A3
Stable

Stable

Stable / -
20.05.2020 Femina Shopping Mall Private Limited Long Term Bank Facilities of Rs. 19.80 Cr. (enhanced from 18.00) IVR BB Stable
20.05.2020 Advanced Computers and Mobiles India Private Limited[ACMIPL] Long Term Fund Based Limits of Rs. 125.50 Cr. (including proposed limit of INR29.50 crore)

Long Term Debt- Term Loan of Rs. 46.00 Cr.

Short Term -Fund Based Facilities of Rs. 18.50 Cr.

Short Term Non-Fund Based Facilities of Rs. 10.00 Cr.
IVR BB (ISSUER NOT COOPERATING)

IVR BB (ISSUER NOT COOPERATING)

IVR A4 (ISSUER NOT COOPERATING)

IVR A4 (ISSUER NOT COOPERATING)
Stable

Stable

-

-
20.05.2020 Karnal Food Pack Cluster Limited [KFPCL] Long Term –Term Loan of Rs. 8.00 Cr. IVR BB+ (Revised) Stable
19.05.2020 Sara International Private Limited Long Term/Short Term- Bank Facilities of Rs. 58.00 Cr.

Short Term - Bank Facilities of Rs. 32.00 Cr.
IVR BBB-

IVR A3
Stable

-
19.05.2020 Nisa Industrial Services Pvt. Ltd. (NISPL) Fund based Bank Facilities – Cash Credit of Rs. 115.68 Cr. (Includes proposed limit of 0.68 Crs)

Fund based Bank Facilities – Term Loans of Rs. 58.93 Cr.

Fund based Bank Facilities – LAP of Rs. 8.39 Cr.

Non Fund based Bank Facilities – Bank Guarantee of Rs. 15.00 Cr.
IVR A

IVR A

IVR A

IVR A1
Stable

Stable

Stable

-
19.05.2020 Cattleya Technosys Pvt. Ltd. (CTPL) Proposed Fund based Bank Facilities – Cash Credit of Rs. 5.00 Cr. IVR A Stable
19.05.2020 Kalamboli Structurals and Roofings Pvt. Ltd [KSRPL] Proposed Term Loan (LRD Facility) of Rs. 10.00 Cr. Provisional IVR BBB- Stable
19.05.2020 Century Extrusions Limited Long Term Bank Facilities- Term Loan of Rs. 8.69 Cr.

Long Term Bank Facilities- Cash Credit of Rs. 48.00 Cr.

Long Term Bank Facilities-Channel Financing of Rs. 5.00 Cr.

Short Term Bank Facilities-Letter of Credit of Rs. 11.00 Cr.

Short Term Bank Facilities-Bank Guarantee of Rs. 4.50 Cr.
IVR BBB-

IVR BBB-

IVR BBB-

IVR A3

IVR A3 (Re-affirmed)
Stable

Stable

Stable

-

-
19.05.2020 Rudra Green Ship Recycling Private Limited Long Term/Short Term Bank Facilities of Rs. 150.00 Cr. (including proposed limit of Rs.62.00 crore) IVR BBB- [CE] / IVR A3 [CE] Stable/-
18.05.2020 Kamal & Associates Private Limited Bank Facilities- Long Term of Rs. 5.00 Cr.

Bank Facilities- Short Term of Rs. 5.00 Cr.
IVR BB (ISSUER NOT COOPERATING)

IVR A4 (ISSUER NOT COOPERATING)
Stable

-
18.05.2020 Swambhunath Cold Storage Pvt Ltd Long Term Bank Facilities of Rs. 8.76 Cr. IVR B- (ISSUER NOT COOPERATING) Stable
18.05.2020 Shashiradha Cold Storage Pvt Ltd Long Term Bank Facilities of Rs. 9.90 Cr. IVR B- (ISSUER NOT COOPERATING) Stable
18.05.2020 Shashadhar Cold Storage Pvt Ltd Long Term Bank Facilities of Rs. 8.70 Cr. IVR B- (ISSUER NOT COOPERATING) Stable
18.05.2020 Indiabulls Rural Finance Private Limited (IRFPL) Proposed Non-Convertible Debenture (NCD) of Rs. 500.00 Cr. IVR A Stable
18.05.2020 Intex Technologies (India) Limited (ITIL) Long Term Fund Based Limits of Rs. 39.00 Cr.

Long Term Debt - Term Loan of Rs. 11.04 Cr.

Long Term Non - Fund Based Facilities of Rs. 1.00 Cr.

Short Term Non - Fund Based Facilities of Rs. 95.00 Cr.
IVR B+ (ISSUER NOT COOPERATING)

IVR B+ (ISSUER NOT COOPERATING)

IVR B+ (ISSUER NOT COOPERATING)

IVR A4 (ISSUER NOT COOPERATING)
Stable

Stable

Stable

-
18.05.2020 Asoke Timber Co. Long Term Bank Facilities of Rs. 16.00 Cr.

Short Term Bank Facilities of Rs. 5.00 Cr.
IVR B+ (ISSUER NOT COOPERATING)

IVR A4 (ISSUER NOT COOPERATING)
Stable

-
15.05.2020 Master (India) Brewing Company Long Term Bank Facilities of Rs. 16.11 Cr. IVR D (ISSUER NOT COOPERATING) -
15.05.2020 Dakshin Budhakali Improvement Society Long Term Bank Facilities of Rs. 25.00 Cr. IVR D (ISSUER NOT COOPERATING) -
15.05.2020 Sai Pont Finance Corporation Limited Long Term Fund Based Limits – Cash Credit of Rs. 50.00 Cr. IVR BB+(ISSUER NOT COOPERATING) Stable
14.05.2020 Shree Jindal Soya Ltd Long Term Bank Facilities – Cash credit of Rs. 3.00 Cr.

Short Term Bank Facilities – Letter of Credit of Rs. 50.00 Cr.

Short Term Bank Facilities – CEL of Rs. 2.20 Cr.
IVR D (ISSUER NOT COOPERATING)

IVR D (ISSUER NOT COOPERATING)

IVR D (ISSUER NOT COOPERATING)
-

-

-
14.05.2020 Manaksia Aluminum Company Limited Long Term Bank Facilities of Rs. 60.00 Cr.

Short Term Bank Facilities of Rs. 105.00 Cr.
IVR BBB+

IVR A2
Stable

-
14.05.2020 Vikram Nuvotech India Private Limited Long Term Facility - Fund Based – Term Loan of Rs. 78.09 Cr. (reduced from Rs.87.00 crore)

Long Term Facility – Fund Based – Cash Credit of Rs. 35.00 Cr.

Long Term Facility – Non Fund Based – Bank Guarantee of Rs. 6.25 Cr.

Short Term Facility - Letter of Credit of Rs. 3.00 Cr.
IVR BB

IVR BB

IVR BB

IVR A4
Stable

Stable

Stable

-
14.05.2020 Bhaskar Steel & Ferro Alloy Pvt Ltd Long Term Fund Based Limits – Cash Credit of Rs. 36.60 Cr. (including proposed limit of Rs.1.60 crore)

Short Term Non Fund Based Limits –Letter of Credit of Rs. 3.90 Cr.

Short Term Non Fund Based Limits –Bank Guarantee of Rs. 2.50 Cr.
IVR BB+ (ISSUER NOT COOPERATING)

IVR A4+ (ISSUER NOT COOPERATING)

IVR A4+ (ISSUER NOT COOPERATING)
-



-



-
13.05.2020 Indiabulls Ventures Limited [IVL] Proposed Commercial Paper of Rs. 750.00 Cr. IVR A1+ -
13.05.2020 Waaree Energies Limited [WEL] NCD Series – II of Rs. 23.40 Cr. (Reduced From Rs. 55.00) IVR BBB- Positive
13.05.2020 GTN Enterprises Limited (GEL) Long Term Fund Based Facilities of Rs. 41.20 Cr.

Long Term Debt – Term Loans of Rs. 5.75 Cr. (Reduced from Rs. 7.99 crore)

Short Term Non-Fund Based Facilities of Rs. 42.00 Cr. (Reduced from Rs. 44.00 crore)
IVR B+ (Revised)

IVR B+ (Revised)

IVR A4 (Reaffirmed)
Stable

Stable

-
13.05.2020 SPR Construction Private Limited Long Term Bank Facilities of Rs. 250.00 Cr. IVR BBB- Stable
13.05.2020 Femina Shopping Mall Private Limited Long Term Bank Facilities of Rs. 18.00 Cr. IVR BB Stable
13.05.2020 Century Extrusions Limited Long Term Bank Facilities of Rs. 8.69 Cr.

Short Term Bank Facilities of Rs. 4.50 Cr.
IVR BBB-

IVR A3
Stable

-
13.05.2020 Arjan Impex Private Limited Long Term Bank Facilities of Rs. 9.44 Cr.

Short Term Bank Facilities of Rs. 54.70 Cr.
IVR BBB-

IVR A3
Under Credit watch with developing implications

Under Credit watch with developing implications
12.05.2020 DMG Polypack Private Limited Long Term Debt - Term Loan of Rs. 13.31 Cr.



Long Term Facility – Fund Based – Cash Credit of Rs. 4.00 Cr.



Short Term Facility – Fund Based – Foreign Bill Discounting of Rs. 2.69 Cr. (including proposed limits of Rs. 0.69 crore)
IVR BB (ISSUER NOT COOPERATING) (Reaffirmed )

IVR BB (ISSUER NOT COOPERATING) (Reaffirmed)

IVR A4 (ISSUER NOT COOPERATING) (Reaffirmed)
Stable



Stable




-
12.05.2020 Radiant Life Care Private Limited Non-Convertible Debentures of Rs. 55.00 Cr. (Present o/s Nil)

Long Term Loans of Rs. 65.00 Cr. (Present o/s Nil)
IVR A- (Withdrawn)

IVR A- (Withdrawn)
Stable

Stable
12.05.2020 Shree Balajee Agro Mills Private Limited Long Term Bank Facilities of Rs. 17.00 Cr. (including proposed limit of Rs.2.00 crore) IVR BB (ISSUER NOT COOPERATING) -
12.05.2020 Shree Ram Brine Chem Private Limited Long Term Fund Based Limits – Cash Credit of Rs. 6.00 Cr. IVR B+ (ISSUER NOT COOPERATING) -
12.05.2020 Anant Pulses Private Limited Long Term Fund Bank Facilities – Term Loan of Rs. 2.00 Cr.

Long Term Bank Facilities – Cash credit of Rs. 12.00 Cr.((including proposed limit of Rs.2.00 crore)
IVR BB (ISSUER NOT COOPERATING)

IVR BB (ISSUER NOT COOPERATING)
-

-
11.05.2020 Shrushti Contech Private Limited (SCPL) Long Term Bank Facilities – Cash Credit of Rs. 29.00 Cr.

Short Term Bank Facilities –Letter of Credit of Rs. 5.00 Cr.

Long Term /Short Term Bank Facilities –Bank Guarantee of Rs. 58.61 Cr.
IVR BBB-

IVR A3

IVR BBB-/ IVR A3
Stable

-

Stable/-
11.05.2020 Unistar Oils Private Limited Long Term Bank Facilities of Rs. 0.50 Cr. (Reduced from Rs.1 crore)

Short Term Bank Facilities of Rs. 14.50 Cr. (Reduced from Rs.39 crore)
IVR BB-

IVR A4
Stable

-
08.05.2020 Indiabulls Real Estate Limited (IBREL) Term Loan of Rs. 215.95 Cr.



Proposed Term Loan of Rs. 274.05 Cr.



NCDs of Rs. 510.00 Cr.



Commercial Paper of Rs. 1500.00 Cr.
IVR A+



IVR A+



IVR A+



IVR A1+ (Reaffirmed)
Under Credit Watch With Developing Implications

Under Credit Watch With Developing Implications

Under Credit Watch With Developing Implications

-
08.05.2020 Samunnati Financial Intermediation & Services Private Limited Bank Facilities- Long Term of Rs. 200.00 Cr. IVR A- Stable
08.05.2020 Himalaya Polytech Private Limited (HPPL) Long Term Fund Based Bank Facilities – Term Loan of Rs. 6.80 Cr.

Long Term Fund Based Bank Facilities – Cash Credit of Rs. 7.80 Cr.

Short Term Non Fund Based Bank Facilities – Letter of Credit/Bank Guarantee of Rs. 6.00 Cr.
IVR BB

IVR BB

IVR A4
Stable

Stable

-
08.05.2020 Indiabulls Dual Advantage Commercial Asset Fund [IBDACAF] Indiabulls Dual Advantage Commercial Asset Fund of Rs. 724.25 Cr. IVR AA+ (AIF) Stable
08.05.2020 Indiabulls High Yield Fund [IBHYF] Indiabulls High Yield Fund of Rs. 623.55 Cr. IVR AA+ (AIF) Stable
08.05.2020 Seamec Limited Long term / Short term Bank Facilities - Non Fund based – Bank Guarantee (Cash Credit as a sub limit of Bank Guarantee) of Rs. 25.00((1.00) Cr.

Short term Bank Facilities - Non Fund based – LER (Forward Contract) of Rs. 5.00 Cr.
IVR A- / IVR A2+

IVR A2+
Stable/-

-
07.05.2020 Gautam Solar Private Limited Long Term Bank Facilities of Rs. 18.00 Cr.

Short Term Bank Facilities of Rs. 54.55 Cr.
IVR BBB-/Stable (IVR Triple B minus with stable outlook)

IVR A3 (IVR A three)
Stable

Stable
06.05.2020 Maghalakshmi Plaazaa Long Term Bank Facilities of Rs. 50.00 Cr. IVR BB Stable
05.05.2020 Nitesh Fashion Private Limited (NFPL) Long Term Facility – Fund Based – Overdraft Cash Credit (Sublimit – ODBD/PC/PCFC/FDB/FBE/BRD) of Rs. 14.50 Cr. IVR B+ Stable
05.05.2020 Guru Nanak Educational Society Long Term Bank Facilities – Term Loan of Rs. 47.77 Cr. (Enhanced from Rs.23.00 crore)

Long Term Bank Facilities – Cash Credit of Rs. 18.00 Cr. (Enhanced from Rs.7.00 crore)
IVR BBB- (Reaffirmed)

IVR BBB- (Reaffirmed)
Stable

Stable
05.05.2020 Ganapati Parks Limited Long Term Bank Facilities – Term Loan of Rs. 43.59 Cr.

Long Term Bank Facilities – Cash Credit of Rs. 7.50 Cr.
IVR BBB- (Reaffirmed)

IVR BBB- (Reaffirmed)
Negative

Stable
05.05.2020 Jeyyam Global Foods Private Limited Long Term Bank Facilities of Rs. 32.00 Cr. IVR BBB Stable
04.05.2020 Sonasati Organics Pvt Ltd Long Term Bank Facilities of Rs. 46.87 Cr. (reduced from Rs.67.48)

Short Term Bank Facilities of Rs. 4.90 Cr.
IVR BB+

IVR A4+
Stable

-
01.05.2020 Eagle Steel Industries Private Ltd Long Term Fund based of Rs. 12.00 Cr. IVR BB- (ISSUER NOT COOPERATING) Stable
30.04.2020 Tamra Dhatu Udyog Pvt Ltd Long Term Bank Facilities- Term Loan of Rs. 33.84 Cr.

Long Term Bank Facilities- Cash Credit of Rs. 151.00 Cr.

Short Term Bank Facilities- Letter of Credit/Bank Guarantee of Rs. 263.00 Cr.
IVR D (ISSUER NOT COOPERATING)

IVR D (ISSUER NOT COOPERATING)

IVR D (ISSUER NOT COOPERATING)
-

-

-
30.04.2020 MPCL Industries Limited Long Term Bank Facilities of Rs. 5.00 Cr.

Short Term Bank Facilities of Rs. 113.34 Cr.

Long Term/ Short Term Bank Facilities of Rs. 56.66 Cr.
IVR BBB

IVR A3+

IVR BBB / IVR A3+
Stable

-

Stable / -
29.04.2020 Indiabulls Ventures Limited (IVL) Commercial Paper of Rs. 750.00 Cr (Present o/s Nil) IVR A1+ (Withdrawn) -
29.04.2020 P. Venkata Ramanaiah Engineers and Contractors Private Limited (PVRECPL) Long Term Facility – Fund Based – Cash Credit of Rs. 15.00 Cr.

Long Term/Short Term Facility – Non-Fund Based - Bank Guarantee of Rs. 60.00 Cr.
IVR BBB-

IVR BBB- / IVR A3
Credit Watch with Developing Implications

Credit Watch with Developing Implications / -
29.04.2020 Tristar Lifesciences Private Limited [TLPL] Long Term Bank Facilities-Term Loan of Rs. 48.99 Cr. (Reduced from Rs. 72.91Cr)

Long Term - Bank Facilities- Cash Credit of Rs. 10.00 Cr.

Long Term - Bank Facilities- Working Capital Demand Loan of Rs. 2.50 Cr.
IVR BBB- (Reaffirmed)

IVR BBB- (Reaffirmed)

IVR BBB-
Stable

Stable

Stable
29.04.2020 Quadgen Wireless Solutions Private Limited (QWSPL) Long Term/Short Term Facility-Bank Guarantee [Sub Limit-LC/CC/WCDL/Purchase Bills & Sales Bills discounting]of Rs. 220.00 Cr.

Short Term Facility-Letter of Credit [Sub Limit-BG/CC/WCDL] of Rs. 130.00 Cr.
IVR BBB- / IVR A3

IVR A3
Stable/-

-
28.04.2020 Ori Plast Limited Long term Bank Facilities of Rs. 50.61 Cr. (enhanced from Rs. 36.00 cr.)

Short term Bank Facilities of Rs. 32.00 Cr. (enhancedfrom 18.00)
IVR A- (Reaffirmed)

IVR A2+ (Reaffirmed)
Stable

-
28.04.2020 Vanchinad Finance Private Limited (VFPL) Long Term Fund Based Facility – Cash Credit Rs. 19.50 Cr.

Short Term Fund Based Facility – Bank Overdraft of Rs. 10.00 Cr.

Long Term Proposed Bank Facility of Rs. 5.50 Cr.
IVR BBB-

IVR A3

IVR BBB-
Stable

-

Stable
28.04.2020 Eknath Infrastructure LLP Long Term Fund Based Facility – Drop Line Overdraft Rs. 25.00 Cr.

Long Term Facility – Term Loan of Rs. 260.00 Cr.
IVR BBB-

IVR BBB-
Stable

Stable
28.04.2020 Radiant Industries Long Term Bank Facilities- Cash Credit Rs. 10.00 Cr.

Long Term Bank Facilities- Term Loan of Rs. 4.08 Cr.

Short Term Bank Facilities- Letter of Credit of Rs. 2.00 Cr.
IVR BB-


IVR BB-


IVR A4
Stable


Stable


-
28.04.2020 Pressmach Infrastructure Private Limited (PIPL) Long Term Facility – Fund Based – Cash Credit Rs. 9.00 Cr.

Long Term/Short Term Facility – Non Fund Based – Bank Guarantee of Rs. 2.00 Cr.

Proposed Long Term/Short Term Facility – Non Fund Based – Bank Guarantee of Rs. 4.00 Cr.
IVR BB

IVR BB/IVR A4

IVR BB/IVR A4
Stable

Stable/-

Stable/ -
28.04.2020 Arya Voyagers Pvt Ltd (AVPL) Long Term Fund Based Bank Facilities - FForeign Currency Term Loan Rs. 25.00 Cr. IVR BBB- Stable
28.04.2020 Arya Tankers Pvt Ltd (ATPL) Long Term Fund Based Bank Facilities - Foreign Currency Term Loan (ECB) Rs. 40.00 Cr. IVR BBB- Stable
24.04.2020 Sanghi Brothers (Indore) Private Limited Long Term Bank Facilities Rs. 73.85 Cr.

Short Term Bank Facilities of Rs. 19.00 Cr.
IVR BB+

IVR A4+
Stable

-
24.04.2020 BKB Transport Private Limited Long Term Bank Facilities- Cash Credit Rs. 24.00 Cr.(Enhanced from Rs 14.00 crore)

Short Term Bank Facilities- Bank Guarantee of Rs. 45.70 Cr.
IVR BBB (Re-affirmed)

IVR A3+
Stable

-
23.04.2020 BVG India Limited [BVG] Long Term (Fund based) Rs. 674.00 Cr.

Long Term/ Short Term (Non-Fund based) of Rs. 461.50 Cr.
IVR A

IVR A / IVR A1
Stable

Stable/ -
22.04.2020 Uniproducts India Ltd. Long term Bank Facilities Rs. 180.00 Cr.

Short term Bank Facilities of Rs. 20.00 Cr.
IVR BB+

IVR A4+
Stable

-
22.04.2020 Swati Concast & Power Private Limited Long Term Bank Facilities – Cash Credit Rs. 11.00 Cr.

Short Term Bank Facilities – Letter of Credit/Bank Guarantee of Rs. 9.00 Cr.
IVR BBB-

IVR A3
Stable

-
22.04.2020 Oplus Casting Private Limited Long-Term Bank Facility- Term Loan (Proposed) Rs. 8.00 Cr.

Long-Term Bank Facility- Cash Credit (Proposed) of Rs. 2.00 Cr.
Provisional IVR BBB- (CE)

Provisional IVR BBB- (CE)
Stable

Stable
21.04.2020 Insight Media City India Private Limited(IMC) Long Term Bank Facilities – Term Loan Rs. 25.00 Cr.

Long Term Bank Facilities - Cash Credit of Rs. 12.00 Cr.

Proposed-Term Loan of Rs. 50.00 Cr.

Proposed- Cash Credit of Rs. 13.00 Cr.
IVR BBB-

IVR BBB-

IVR BBB-

IVR BBB-
Stable

Stable

Stable

Stable
21.04.2020 G.G. Automotive Gears Limited Long Term Fund Based Facility – Cash Credit Rs. 14.50 Cr.

Long Term Fund Based Facility – Term Loans of Rs. 6.38 Cr.

Long/Short Term Bank Facility – Bank Guarantee of Rs. 3.50 Cr.
IVR BBB-

IVR BBB-

IVR BBB- / IVR A3
Stable

Stable

Stable /-
20.04.2020 Grospinz Fabz Limited Bank Facilities- Long Term Rs. 96.00 Cr.

Bank Facilities- Short Term of Rs. 20.30 Cr.
IVR BBB-

IVR A3
Stable

-
18.04.2020 Alipore Institute of Management & Technology Term Loan of Rs. 130.00 Cr. (Present o/s Nil) IVR BBB- (Withdrawn) Stable
17.04.2020 Sagar Nutriments Private Limited Long Term Bank Facilities - Term Loan of Rs. 42.32 Cr.

Long Term Fund based Bank Facilities of Rs. 45.00 Cr.

Short Term Bank Facilities – Credit exposure for Forward Contract of Rs. 0.28 Cr.
IVR BBB-

IVR BBB-

IVR A3
Stable

Stable

-
17.04.2020 Ambuj Hotel & Real Estate Private Limited Long Term Bank Facilities of Rs. 40.00 Cr. IVR BBB- Stable
17.04.2020 Shriniwas Spintex Industries Pvt Ltd Long term Bank Facilities of Rs. 39.09 Cr. (reduced from 40.00) IVR BBB- Stable
16.04.2020 Alok Buildtech Private Limited Bank Facilities- Long Term of Rs. 10.00 Cr.


Bank Facilities- Short Term of Rs. 20.00 Cr.
IVR BBB-(Reaffirmed)

IVR A3
Stable

-
16.04.2020 Unistar Oils Private Limited Long term Bank Facilities of Rs. 1.00 Cr.


Short term Bank Facilities of Rs. 39.00 Cr.
IVR BB (ISSUER NOT CO-OPERATING)

IVR A4 (ISSUER NOT CO-OPERATING)
Stable

-
15.04.2020 St. Mary’s Rubbers Pvt Ltd Long Term Facility – Fund Based – Cash Credit of Rs. 21.00 Cr.

Long Term Facility – Fund Based – Term Loan of Rs. 15.86 Cr.

Short Term Facility – Fund Based – FBP backed by LC of Rs. 6.00 Cr.

Short Term Facility – Non Fund Based – Letter of Credit of Rs. 5.00 Cr.
IVR BBB-

IVR BBB-

IVR A3

IVR A3
Positive Outlook

Positive Outlook

-

-
14.04.2020 Kanak Instalments Limited Long Term Fund Based Limits (Proposed) of Rs. 5.00 Cr. VR B+ (ISSUER NOT COOPERATING) Stable
14.04.2020 Silver Oak Shops & Offices Co. Op. Housing Society Limited Long Term Bank Facilities - Term Loan of Rs. 53.70 Cr.

Long Term Bank Facilities - OD of Rs. 20.80 Cr.

Short Term Bank Facilities – Bank Guarantee of Rs. 6.00 Cr.
IVR BBB-

IVR BBB-

IVR A3
Stable

Stable

-
13.04.2020 SMR Plantation Pvt Ltd (SMR Plantation) Long Term Facility – Fund Based – Cash Credit of Rs. 30.50 Cr.

Long Term Facility – Fund Based – Term Loan of Rs. 23.88 Cr.

Short Term Facility – Fund Based – FBP backed by LC of Rs. 3.00 Cr.

(Proposed) Short Term Facility – Fund Based – Bank Overdraft of Rs. 5.00 Cr.
IVR BBB-

IVR BBB-

IVR A3

IVR A3
Positive Outlook

Positive Outlook

-

-
13.04.2020 Grand Canyon SEZ Private Limited Proposed NCD of Rs. 100.00 Cr.

Proposed NCD of Rs. 100.00 Cr.
IVR BB- (Withdrawn)

IVR BB- (Withdrawn)
Stable

Stable
13.04.2020 Parsvnath Estate Developers Private Limited Long term facility - Proposed NCD of Rs. 100.00 Cr. IVR B+ Stable
13.04.2020 Glass Wall Systems (India) Private Limited (GWSPL) Long Term (Fund based) of Rs. 85.00 Cr.

Short Term (Non-Fund Based) of Rs. 165.00 Cr.
IVR BBB+

IVR A2
Stable

-
11.04.2020 Shakambhari Overseas Trades Private Limited Long Term Bank Facilities- Cash Credit of Rs. 7.00 Cr.

Short Term Bank Facilities- Letter of Credit of Rs. 4.00 Cr.

Short Term Bank Facilities- Proposed Non Fund Based of Rs. 4.00 Cr.
IVR BBB-

IVR A3

IVR A3
Stable

-

-
11.04.2020 BK Print and Pack Haridwar Long Term Bank Facilities of Rs. 12.50 Cr. IVR BB Stable
10.04.2020 Ompee Education Trust Long Term Fund based facilities- Term Loan of Rs. 5.48 Cr. IVR BB- (ISSUER NOT COOPERATING) Stable
10.04.2020 Habitat Micro Build India Housing Finance Company Pvt Ltd (MBIND) Proposed Long Term Fund Based Bank Facilities – Term Loan of Rs. 50.00 Cr. IVR BBB+ Stable
09.04.2020 Globe Precision Industries Private Limited Long Term Bank Facilities - Fund Based of Rs. 42.64 Cr.

Short Term Bank Facilities - Non Fund Based of Rs. 1.00 Cr.
IVR BB-

IVR A4
Negative Outlook

-
09.04.2020 Uralungal Labour Contract Co-operative Society Limited (ULCCS) Long Term Facility – Fund Based – Cash Credit of Rs. 697.23 Cr. IVR BB+ Stable
09.04.2020 Agarwal Induction Furnace Pvt. Ltd Long Term Fund Based Facilities of Rs. 15.00 Cr.

Short Term Non Fund Based Facilities of Rs. 15.00 Cr.
IVR BBB- (Reaffirmed)

IVR A3 (Reaffirmed)
Stable

-
09.04.2020 Karuna Healthcare Pvt Ltd. Non-Convertible Debentures of Rs. 160.00 Cr. (Present o/s Nil) IVR BBB+ (CE) (Withdrawn) Stable
07.04.2020 Baba PuranDass Financial Services Limited Long Term - Fixed Deposit of Rs. 4.00 Cr. IVR FBB+ Stable
07.04.2020 Pilania Industries India Private Limited Long Term Bank Facilities of Rs. 17.00 Cr. IVR BBB- Stable
07.04.2020 EKK Infrastructure Limited (EIL) Long Term Bank Facilities – Cash Credit of Rs. 120.00 Cr.

Short Term -Bank Guarantee of Rs. 444.00 Cr.
IVR BBB+

IVR A2
Stable

-
06.04.2020 Tulsi Trading Corporation Long Term Fund Based Facility – Cash Credit of Rs. 24.00 Cr. IVR BBB- Credit Watch with Developing Implications
06.04.2020 Ramson & Bros. Long Term Fund Based Facility – Cash Credit of Rs. 27.00 Cr. IVR BBB- (Re-affirmed) Stable
06.04.2020 Alok Buildtech Private Limited Bank Facilities- Long Term of Rs. 10.00 Cr. IVR BBB- Stable
06.04.2020 River Rose Venture LLP Proposed Term Loan (LRD Facility) of Rs. 105.00 Cr. Provisional IVR BBB- Stable
03.04.2020 Grand Canyon SEZ Private Limited Proposed NCD of Rs. 100.00 Cr.

Proposed NCD of Rs. 100.00 Cr.
IVR BB-

IVR BB-
Stable

Stable
03.04.2020 Nucon Aerospace Private Limited Long Term Fund Based Facility – Term Loans of Rs. 12.99 Cr.

Long Term Fund Based Facility – Cash Credit of Rs. 36.00 Cr.

Long/Short Term Bank Facility – Bank Guarantee of Rs. 60.00 Cr.

Short Term Non-Fund Based Facility – Letter of Credit of Rs. 12.00 Cr.

Short Term Non-Fund Based Facility – Forward Contract of Rs. 12.00 Cr.
IVR BBB-

IVR BBB-

IVR BBB- / IVR A3

IVR A3
Stable

Stable

Stable/-

-

-
02.04.2020 Indo Unique Flame Limited Bank Facilities- Long Term of Rs. 28.00 Cr.

Bank Facilities- Short Term of Rs. 39.00 Cr.
IVR BB+ (Reaffirmed)

IVR A4+ (Reaffirmed)
Stable

-
02.04.2020 Parmeshwari Silk Mills Limited Long Term Bank Facilities - Fund Based of Rs. 62.00 Cr. IVR BBB- Stable
02.04.2020 Neepa Real Estates Private Limited Proposed Non-Convertible Debenture (NCD) of Rs. 100.00 Cr. IVR BB Stable
01.04.2020 Vinayak Support Services Private Limited Long Term Bank Facilities- Cash Credit of Rs. 8.80 Cr. IVR BBB Stable
01.04.2020 HYT Engineering Company Private Limited Long Term Facility – Fund Based – Cash Credit of Rs. 140.00 Cr.

Long Term Facility – Fund Based – Term Loan of Rs. 66.00 Cr.

Long Term / Short Term Facility – Non Fund Based – Bank Guarantee of Rs. 303.25 Cr.

Short Term Facility – Non Fund Based – Letter of Credit of Rs. 30.25 Cr.
IVR BBB

IVR BBB

IVR BBB / IVR A3+

IVR A3+
Stable

Stable

Stable / -

-
01.04.2020 KHFM Hospitality and Facility Management Services Limited Bank Facilities- Long Term of Rs. 33.68 Cr.

Proposed Long Term Bank Facility – Proposed Lease Rental Discountin Bank Facilities- Short Term of Rs. 18.38 Cr.
IVR BBB-

IVR A3
Stable

-
01.04.2020 BKB Transport Private Limited Long Term Bank Facilities- Cash Credit of Rs. 14.00 Cr. IVR BBB Stable
31.03.2020 GMR Infra Services Limited (GISL) NCD - Short Term of Rs. 500.00 Cr. (Present o/s Nil) IVR A2 (SO) (Withdrawn) -
31.03.2020 GMR Infra Services Limited (GISL) NCD of Rs. 700.00 Cr. (Present o/s Nil) IVR BBB- (SO) (Withdrawn) Stable
31.03.2020 Karle Infra Private Limited Long Term Bank Facility -Lease Rental Discounting of Rs. 730.00 Cr. (Enhanced from Rs. 100.00 Crore)

Proposed Long Term Bank Facility – Proposed Lease Rental Discounting of Rs. 630.00 Cr.
IVR BBB+

Provisional IVR BBB+
Stable

Stable
31.03.2020 Shapoorji Pallonji Infrastructure Capital Company Pvt Ltd. (SPICCPL) Long Term Facilities (Fund Based) of Rs. 900.00 Cr.

Short Term Facilities (Fund Based) of Rs. 135.00 Cr.

Long / Short Term Facilities (Non-Fund Based) of Rs. 1465.00 Cr.
IVR A-

IVR A2+

IVR A- / IVR A2+
Stable

-

Stable/ -
31.03.2020 Unimoni Financial Services Limited Long Term Fund Based Facility – Cash Credit of Rs. 324.00 Cr.



Long Term Fund Based Facility – Working Capital Demand Loan of Rs. 546.00 Cr.



Long Term Fund Based Facility – Term Loan of Rs. 44.35 Cr.



Short Term Fund Based Facility - Overdraft of Rs. 20.00 Cr.



Short Term Non Fund Facility – Treasury Limit of Rs. 15.00 Cr.



Long Term /Short Term Non Fund Based Facility – Bank Guarantee of Rs. 10.00 Cr.
IVR BBB- (Under Credit Watch with developing implications)

IVR BBB- (Under Credit Watch with developing implications)

IVR BBB- (Under Credit Watch with developing implications)

IVR A3 (Under Credit Watch with developing implications)

IVR A3 (Under Credit Watch with developing implications)

IVR BBB- / IVR A3 (Under Credit Watch with developing implications)
-



-




-




-



-



- / -
30.03.2020 NV International Private Limited Long Term Bank Facilities- Fund Based of Rs. 91.00 Cr.

Short Term Bank Facilities - Non-Fund Based of Rs. 5.00 Cr.
IVR BBB-

IVR A3
Stable

-
30.03.2020 NV Distilleries Private Limited Long Term Bank Facilities –Fund Based of Rs. 60.00 Cr. IVR BBB- Stable
30.03.2020 NV Distilleries & Breweries Private Limited Long Term Bank Facilities– Fund Based of Rs. 192.76 Cr.

Short Term Bank Facilities-Fund Based (Proposed) of Rs. 50.00 Cr.

Short Term Bank Facilities-Non-Fund Based of Rs. 1.75 Cr.
IVR BBB-

IVR A3 br>
IVR A3
Stable

-

-
30.03.2020 MI Industries India Private Limited Bank Facilities- Long Term of Rs. 65.08 Cr.

Bank Facilities- Short Term of Rs. 4.27 Cr.
IVR BBB-

IVR A3
Stable

-
27.03.2020 Selene Estate Limited Proposed Non-Convertible Debenture (NCD)of Rs. 100.00 Cr. IVR BB Stable
26.03.2020 Primetime Realtors Private Limited (PRPL) Proposed Non- Convertible Debenture (NCD) of Rs. 350.00 Cr. IVR BB Stable
26.03.2020 Ram Kumar Narwani Long Term Bank Facilities - Fund Based of Rs. 3.00 Cr.

Short Term Bank Facilities - Non-fund based of Rs.5.00 Cr.
IVR B-

IVR A4
Stable

-
26.03.2020 Sibin Group Long Term Bank Facilities of Rs. 25.00 Cr. IVR BBB- Stable
26.03.2020 Hi Bond Cement India Private Limited Long Term Facility – Term Loan of Rs. 12.65 Cr.

Long Term Facility – Fund Based – Cash Credit of Rs. 30.00 Cr.
IVR BBB+

IVR BBB+
Stable

Stable
26.03.2020 MEP Longjian ACR Pvt Ltd (MLAPL) Fund Based – OD of Rs. 20.00 Cr.

Proposed Term Loan of Rs. 407.34 Cr.

Non Fund Based - BG of Rs. 42.43 Cr.
IVR BB+

IVR BB+

IVR BB+
Stable

Stable

Stable
26.03.2020 MEP Longjian CLR Pvt Ltd (MLCPL) Fund Based – OD of Rs. 20.00 Cr.

Proposed Term Loan of Rs.480.05 Cr.

Non Fund Based - BG of Rs. 50.00 Cr.
IVR BB+

IVR BB+

IVR BB+
Stable

Stable

Stable
26.03.2020 MEP Longjian Loha Waranga Road Pvt Ltd (MLLWRPL) Fund Based – OD of Rs. 20.00 Cr.

Proposed Term Loan of Rs. 515.09 Cr.

Non Fund Based - BG of Rs.53.66 Cr.
IVR BB+

IVR BB+

IVR BB+
Stable

Stable

Stable
26.03.2020 SDB Developers Private Limited Long Term Bank Facilities of Rs. 87.60 Cr. IVR D (ISSUER NOT COOPERATING) -
26.03.2020 Dhosa Chandaneswar Bratyajana Samity Long Term Fund Based facilities of Rs. 15.00 Cr. (incl. proposed limit of Rs.8.47 crore) IVR BB+ (ISSUER NOT COOPERATING) Stable
24.03.2020 Shree Jay Jagdamba Flanges Pvt Ltd (JJFPL) Long Term Facilities (Fund Based – CC/PC/PCFC/FDBP) of Rs. 15.00 Cr.

Term Loan (o/s) of Rs. 8.00 Cr.
IVR BBB+

IVR BBB+
Stable

Stable
24.03.2020 Jay Jagdamba Profiles Pvt Ltd (JJPPL) Long Term Facilities (Fund Based – CC/PC/PCFC/PSC/FDBP) of Rs. 17.00 Cr.

Term Loan (o/s) of Rs. 6.90 Cr.

Short Term Facilities (Non-Fund Based –BG) of Rs. 0.50 Cr.
IVR BBB+

IVR BBB+

IVR A2
Stable

Stable

-
24.03.2020 Jay Jagdamba Limited (JJL) Long Term Facilities (Fund Based – CC/PC/PCFC/PSC/FDBP) of Rs. 390.50 Cr.

Term Loan (o/s) of Rs. 177.20 Cr.

Short Term Facilities (Non-Fund Based –LC/BG) of Rs. 19.50 Cr.
IVR BBB+

IVR BBB+

IVR A2
Stable

Stable

-
24.03.2020 Jay Jagdamba Forgings Pvt Ltd (JJFPL) Long Term Facilities (Fund Based – CC) of Rs. 10.00 Cr.

Term Loan (o/s) of Rs. 10.72 Cr.

Short Term Facilities (Non-Fund Based –LC) of Rs. 0.25 Cr.
IVR BBB+

IVR BBB+

IVR A2
Stable

Stable

-
24.03.2020 Salonah Tea Private Limited Bank Facilities- Long Term of Rs. 26.00 Cr. IVR BB- Stable
24.03.2020 Smart Card IT Solutions Limited Long Term Fund Based Limits of Rs. 47.35 Cr. (including proposed limit of Rs.10 crore)

Long Term Debt- Term Loan of Rs. 30.79 Cr.

Short Term Non-Fund Based Facilities of Rs. 11.30 Cr.
IVR BB+ (ISSUER NOT COOPERATING)

IVR BB+ (ISSUER NOT COOPERATING)

IVR A4+ (ISSUER NOT COOPERATING)
Stable

Stable

-
24.03.2020 Maheshwari Logistics Limited Long Term Bank Facilities - Fund Based of Rs. 55.00 Cr. (Increased from INR 40.00)

Short Term Bank Facilities - Non-fund based of Rs. 61.20 Cr.
IVR A- (Reaffirmed)

IVR A2+
Stable

-
24.03.2020 R. R. Energy Limited Long Term Fund Based Facilities of Rs. 25.02 Cr.

Short Term Non Fund Based Facilities of Rs. 16.10 Cr.
IVR BB+ (Reaffirmed)

IVR A4+ (Reaffirmed)
Stable

-
24.03.2020 Brilliant Foundation Proposed Term Loan (LRD Facility) of Rs.30.00 Cr. Provisional IVR BBB- Stable
23.03.2020 Ramratan Real Estate Private Limited Long Term Bank Facilities- Term Loan of Rs. 25.00 Cr. IVR BB Stable
23.03.2020 P&R Infraprojects Limited Long Term Bank Facilities– Cash Credit of Rs. 25.01 Cr.

Short Term Bank Facilities– Bank Guarantee of Rs.105.00 Cr.
IVR BBB-

IVR A3
Stable

-
20.03.2020 Shree Durga Khandsari (Sugar) Mills Long Term Bank Facilities of Rs. 55.53 Cr. IVR BBB- Stable
20.03.2020 Gupta Power Infrastructure Limited Long Term Fund Based Facilities- Term Loan of Rs. 34.11 Cr. (including proposed limit of Rs.30.00 crore and reduced from Rs.58.42 crore)

Long Term Fund Based Facilities- Cash Credit of Rs.1010.00 Cr. (including proposed limit of Rs.20.00 crore)

Short Term Non-Fund Based Facilities – Bank Guarantee/Letter of Credit of Rs. 2231.58 Cr. (including proposed limit of Rs.51.58 crore)
IVR A (Reaffirmed)


IVR A (Reaffirmed)


IVR A1 (Reaffirmed)
Stable


Stable


-
20.03.2020 Cadchem Laboratories Limited Long Term Bank Facilities of Rs. 17.00 Cr.

Short Term Bank Facilities of Rs. 3.25 Cr.
IVR D

IVR D
-

-
20.03.2020 Morth Infrastructure Private Limited Bank Facilities- Long Term of Rs. 6.55 Cr.

Bank Facilities- Short Term of Rs. 12.50 Cr.
IVR BB

IVR A4
Stable

-
20.03.2020 Purbanchal Veneers Long Term Fund Based Facility - Cash Credit of Rs. 0.80 Cr.

Short Term Non-Fund Based Facility – Inland/Import LC cum Buyer’s Credit of Rs. 10.00 Cr.
IVR BB+

IVR A4
Stable

-
20.03.2020 Salasar Plywood Private Limited Long Term Fund Based Facility - Cash Credit of Rs. 0.50 Cr.

Short Term Non-Fund Based Facility – Import Letter of Credit of Rs. 8.00 Cr.
IVR BB+

IVR A4
Stable

-
20.03.2020 Yadu Sugar Limited Long Term - Bank Facilities of Rs. 170.00 Cr. IVR B (Reaffirmed) Stable
19.03.2020 Anvil Cables Private Limited Long Term Fund Based Facilities- Cash Credit of Rs. 48.00 Cr. (enhanced by Rs.5.00 crore)

Long Term Fund Based Facilities- SLC of Rs. 4.00 Cr.

Short Term Non-Fund Based Facilities – Bank Guarantee of Rs. 69.18 Cr. (including proposed limit of Rs.3.00 crore and enhanced by Rs.20.34 crore)

Short Term Non-Fund Based Facilities – Letter of Credit of Rs. 24.00 Cr. (reduced by Rs.4.00 crore)
IVR BBB+ (Re-affirmed)

IVR BBB+ (Re-affirmed)

IVR A2 (Re-affirmed)

IVR A2 (Re-affirmed)
Stable

Stable

-

-
19.03.2020 Eloquent Steels Private Limited Long Term Bank Facilities of Rs. 61.00 Cr.

Short Term Bank Facilities of Rs. 25.00 Cr.
IVR BBB-(CE) (Re-affirmed)

IVR A3(CE) (Re-affirmed)
Stable

-
18.03.2020 Mechfast Engineering Pvt Ltd (MEPL) Long Term Bank Facilities of Rs. 7.40 Cr.

Short Term Bank Facilities of Rs. 0.50 Cr.

Proposed Long Term Bank Facilities of Rs. 6.10 Cr.

Proposed Short Term Bank Facilities of Rs. 1.00 Cr.
IVR BB+

IVR A4+

IVR BB+

IVR A4+
Stable

-

Stable

-
18.03.2020 Polaris Liquor Private Limited Bank Facilities- Long Term of Rs. 61.00 Cr. IVR BBB- Stable
18.03.2020 Khadim India Ltd. Commercial Paper Programme (Earmarked out of current tied-up fund based working capital limits) of Rs. 30.00 Cr. IVR A1 -
18.03.2020 Polaris Liquor Private Limited Bank Facilities- Long Term of Rs. 61.00 Cr. IVR BBB- Stable
18.03.2020 VRKP Steel Industries Pvt Ltd Long Term Bank Facilities of Rs. 12.00 Cr. IVR BBB- Stable
17.03.2020 Shree Nakoda Ispat Limited Fund Based Facility – Cash Credit of Rs. 48.19 Cr.

Fund Based Facility – Term Loan of Rs. 176.84 Cr.

Fund Based Facility - Bill Discounting (Against LC) of Rs. 12.00 Cr.

Non-Fund Based Facility – Bank Guarantee of Rs. 7.20 Cr.

Non-Fund Based Facility – Letter of Credit of Rs. 40.00Cr.
IVR BBB+

IVR BBB+

IVR A2

IVR A2

IVR A2
Stable

Stable

-

-

-
17.03.2020 Kashi Kanchan Pvt Ltd Long Term Bank Facilities of Rs. 15.00 Cr.

Short Term Bank Facilities of Rs. 4.00 Cr.
IVR BB

IVR A4
Stable

-
17.03.2020 RV Wines LLP (RV) Long Term/Short Term Non-Fund Based Facilities of Rs. 45.00 Cr. IVR BB+ / IVR A4+ Stable /-
17.03.2020 Karle Infra Private Limited Long Term Bank Facility - Lease Rental Discounting of Rs. 100.00 Cr. IVR BBB+ Stable
17.03.2020 Avyukta Agro Impex Pvt Ltd Long Term/Short Term Non-Fund Based Facilities of Rs. 45.00 Cr. IVR BB+ / IVR A4+ Stable / -
16.03.2020 Dragonstone Realty Private Limited (DRPL) Proposed Term Loan of Rs. 404.00 Cr. IVR BBB- Stable

-

Stable
16.03.2020 Super Iron Foundry Pvt Ltd (SIFPL) Long Term Bank Facilities of Rs. 23.00 Cr.

Short Term Bank Facilities of Rs. 18.80 Cr.

Proposed Long Term Bank Facilities of Rs. 36.00 Cr.

Proposed Short Term Bank Facilities of Rs. 36.30 Cr.
IVR BBB-

IVR A3

IVR BBB-

IVR A3
Stable

-

Stable

-
13.03.2020 Royal Agro Farm Bank Facilities– Long Term of Rs. 17.04 Cr.

Proposed Bank Facilities – Long Term of Rs. 27.36 Cr.
IVR BBB-

IVR BBB-
Stable

Stable
12.03.2020 Laxcon Steels Limited Bank Facilities- Long Term of Rs. 175.16 Cr.

Bank Facilities- Short Term of Rs. 90.00 Cr.
IVR A-

IVR A1
Stable

-
12.03.2020 Future Market Networks Limited Long Term Proposed Facility – Proposed Term Loan of Rs. 500.00 Cr. IVR A- Stable
12.03.2020 Mayfair Renewable Energy Private Limited Long-Term Bank Facility- Term Loan of Rs. 90.67 Cr. (Including proposed limit of Rs.55.00 crore) IVR A-(CE) (Reaffirmed) Stable
11.03.2020 Globe Mobility Private Limited (GMPL) Cash Credit (PC/PCFC/EBD/FOBN) of Rs. 18.00 Cr. IVR BB+/IVR A4+ Stable/-
11.03.2020 Bhoorathnom Construction Company Private Limited (BCCPL) Fund based working capital limit - (Cash Credit/SOD)of Rs. 16.00 Cr.

Non-Fund based working capital limit - (Bank Guarantee) of Rs. 72.00 Cr.
IVR BB

IVR BB / IVR A4
Stable

Stable
07.03.2020 Sunil Kumar Agarwal LLP (SKAL) Long Term Bank Facilities- Cash credit of Rs. 30.00 Cr.(increased from 15.00)

Short Term Bank Facilities- Bank Guarantee of Rs. 90.00 Cr.
IVR BBB (Affirmed)

IVR A3+
Positive

-
06.03.2020 Malayalam Communications Ltd Long Term Fund Based – Cash Credit of Rs. 46.60 Cr.(Enhanced from Rs.37.00 crore)

Long Term Bank Facility – Term Loan of Rs. 22.46 Cr. (Enhanced from 20.76 crore)

Working Capital Demand Loan of Rs. 9.60 Cr.
IVR BBB (Re-affirmed)

IVR BBB (Re-affirmed)

IVR BBB (Withdrawn)
Stable

Stable

Stable
06.03.2020 Sunil Kumar Agarwal LLP (SKAL) Long Term Bank Facilities- Cash credit of Rs. 15.00 Cr. IVR BBB Positive
06.03.2020 Lucina Land Development Limited Fund based (Long Term Loan) of Rs. 200.00 Cr. IVR AA-(CE) [Under Credit Watch with developing implications] -
06.03.2020 Dr. Kamakshi Memorial Hospital Private Limited (KMHPL) Long Term Bank Facility - Term Loan of Rs. 84.00 Cr.

Short Term Bank Facility – Overdraft of Rs. 1.00 Cr.
IVR BBB-


IVR A3
Stable

-
05.03.2020 Shrivallabh Pittie Industries Limited Fund Based Bank Facilities – Cash Credit/WCDL/SODH [Sub-limit - PC/EPC/PCFC/FBP/FBD/ EBR/EBN/FOBP/FOBN/PSC/PCL/ Bank Guarantees/Letters of Credit/Buyers Credit] of Rs. 127.50 Cr.

Fund Based Bank Facilities – Term Loans of Rs. 186.17 Cr.
IVR BB+ / IVR A4+


IVR BB+
Positive / -

Positive
05.03.2020 Prominance Window Systems Long Term Bank Facilities - Fund Based of Rs. 21.57 Cr.

Short Term Bank Facilities - Non-fund based of Rs. 12.00 Cr.
IVR BB+

IVR A4
Stable

-
04.03.2020 Rudra Global Infra Products Limited Long Term Fund Based Facilities- Cash Credit of Rs. 80.00 Cr.

Long Term Fund Based Facilities- Term Loan 1 of Rs. 0.12 Cr.(reduced from Rs.0.79 crore)

Long Term Fund Based Facilities- Term Loan 2 of Rs. 48.30 Cr. (including proposed limit of Rs.43.00 crore and reduced from Rs.57.00 crore)

Long Term Non-Fund Based Facilities – Bank Guarantee of Rs. 18.00 Cr.
IVR BBB-

IVR BBB-


IVR BBB-


IVR BBB-
Stable

Stable


Stable


Stable
04.03.2020 Earth Water Ltd. (EWL) Fund Based Facilities of Rs. 54.00 Cr. (including proposed limits of Rs.37 crore)

Non Fund Based Facilities of Rs. 112.00 Cr. (including proposed limits of Rs.40 crore)
IVR D

IVR D
-

-
04.03.2020 Aventura Components Pvt Ltd. (ACPL) Fund Based Facilities of Rs. 14.00 Cr.

Non Fund Based Facilities of Rs. 81.00 Cr. (including proposed limits of Rs.19 crore)
IVR D

IVR D
-

-
04.03.2020 Navkar Lifesciences Bank Facilities- Long Term of Rs. 19.75 Cr.

Bank Facilities- Short Term of Rs. 2.70 Cr.
IVR BB-

IVR A4
Stable

-
04.03.2020 Arion Healthcare Bank Facilities- Long Term of Rs. 18.00 Cr.

Bank Facilities- Short Term of Rs. 2.00 Cr.
IVR BB-

IVR A4
Stable

-
03.03.2020 Kamla Enterprises Proposed Long Term Bank Facilities- Term Loan of Rs. 7.00 Cr.

Proposed Short Term Bank Facilities – Bank Guarantee of Rs. 2.50 Cr.

Short Term Bank Facilities – Bank Overdraft of Rs. 4.00 Cr.
IVR B+

IVR A4

IVR A4
Stable

-

-
03.03.2020 Bhunit Engineering Company Private Limited Long Term Debt - Term Loan of Rs. 9.84 Cr. (Reduced from 12.55)

Long Term Fund Based Limits of Rs. 7.00 Cr. (including proposed limit of Rs.4.00 crore)
IVR BB+ (Reaffirmed)

IVR BB+ (Reaffirmed)
Stable

Stable
03.03.2020 GNE Exports Private Limited Long Term Bank Facilities of Rs. 10.00 Cr. (Including proposed limit of Rs.0.10 crore) IVR BB+ (Reaffirmed and Withdrawn) Stable
03.03.2020 Consolidated Products Corporation Long Term Bank Facilities – Term Loan of Rs. 1.00 Cr.

Long Term Bank Facilities – Cash Credit of Rs. 2.00 Cr.

Short Term Bank Facilities – Letter of Credit of Rs. 4.00 Cr.

Short Term Bank Facilities – Letter of Credit (Proposed) of Rs. 1.00 Cr.
IVR BB-

IVR BB-

IVR A4

IVR A4
Stable

Stable

-

-
02.03.2020 Gupta Power Infrastructure Ltd. Long Term Debt- Term Loan of Rs. 58.42 Cr. (incl. proposed limit of Rs.25 crore)

Long Term Fund Based Facilities – Cash Credit of Rs. 1010.00 Cr.(incl. proposed limit of Rs.110.00 crore)

Short Term Non-fund-based facilities – LC/BG of Rs. 2231.58 Cr.(incl. proposed limit of Rs.231.58 crore)
IVR A (ISSUER NOT COOPERATING)

IVR A (ISSUER NOT COOPERATING)

IVR A1 (ISSUER NOT COOPERATING)
Stable

Stable

-
29.02.2020 Tirumalla Oil Refinery Private Limited (TORPL) Long Term Debt – Term Loan of Rs. 73.69 Cr.

Long Term Facility – Fund Based – Cash Credit of Rs. 30.00 Cr.
IVR BBB

IVR BBB
Positive

Positive
28.02.2020 GBC Infrastructure Pvt Ltd Long Term Bank Facilities of Rs. 5.00 Cr.

Short Term Bank Facilities of Rs. 7.00 Cr.
IVR BB+

IVR A4+
Stable

-
28.02.2020 G.S. Express Private Limited Long Term Bank Facilities – Cash Credit of Rs. 50.00 Cr. (including proposed limit of Rs.5.00 crore)

Short Term Bank Facilities – Bank Guarantee of Rs. 100.00 Cr. (including proposed limit of Rs.20.00 crore)
IVR BB- (ISSUER NOT COOPERATING)

IVR A4 (ISSUER NOT COOPERATING)
Stable

-
27.02.2020 Amarnath Cold Storage Private Limited Long term bank facilities of Rs. 6.50 Cr. IVR B+ (Reaffirmed) Stable
27.02.2020 Indian Acrylics Limited Long Term Bank Facilities - Fund Based of Rs. 125.10 Cr.

Short Term Bank Facilities - Non-fund based of Rs. 214.25 Cr.
IVR BB+

IVR A4+
Stable

-
27.02.2020 Radius & Deserve Land Developers Private Limited Non-Convertible Debentures of Rs. 302.00 Cr. IVR C -
26.02.2020 Future Enterprises Limited (FEL) Commercial Paper (Short Term) of Rs. 500.00 Cr. IVR A1+ -
26.02.2020 Om Construction Bank Facilities- Long Term of Rs. 2.40 Cr.

Bank Facilities- Short Term of Rs. 6.75 Cr.
IVR BB

IVR A4
Stable

-
26.02.2020 Sheetal Cool Products Ltd. Long Term Bank Facilities – Term Loan of Rs. 40.25 Cr.

Long Term Bank Facilities – Cash Credit of Rs. 9.75 Cr.
IVR BBB-

IVR BBB-
Stable

Stable
24.02.2020 Emperial Films LLP Bank Facilities- Long Term of Rs. 21.43 Cr.

Bank Facilities- Short Term of Rs. 1.75 Cr.

Proposed Fund based and Non Fund Based- Long Term/ Short Term of Rs. 3.85 Cr.
IVR BB

IVR A4

IVR BB /IVR A4
Positive

-

Positive / -
24.02.2020 Samarth Diamond Bank Facilities- Long Term of Rs. 15.00 Cr.

Bank Facilities- Short Term of Rs. 24.00 Cr.

Bank Facilities- Short Term of Rs. 12.00 Cr.
IVR BBB+

IVR A3+

IVR A3+
Stable

-

-
24.02.2020 Satkartar Electricals and Electronics Private Limited Bank Facilities- Long Term of Rs. 3.50 Cr.

Bank Facilities- Short Term of Rs.8.00 Cr.
IVR BB

IVR A4
Stable

-
24.02.2020 Unimoni Financial Services Limited Long Term Fund Based Facility – Cash Credit of Rs. 324.00 Cr.



Long Term Fund Based Facility – Working Capital Demand Loan of Rs. 546.00 Cr.



Long Term Fund Based Facility – Term Loan of Rs. 44.35 Cr.



Short Term Fund Based Facility - Overdraft of Rs. 20.00 Cr.



Short Term Non Fund Facility – Treasury Limit of Rs. 15.00 Cr.



Long Term /Short Term Non Fund Based Facility – Bank Guarantee of Rs. 10.00 Cr.
IVR A- (Under Credit Watch with developing implications)

IVR A- (Under Credit Watch with developing implications)

IVR A- (Under Credit Watch with developing implications)

IVR A2+ (Under Credit Watch with developing implications)

IVR A2+ (Under Credit Watch with developing implications)

IVR A- / IVR A2+ (Under Credit Watch with developing implications)
-



-




-




-



-



- / -
22.02.2020 Simplex Infrastructures Ltd Long Term Fund Based Facility of Rs. 2600.00 Cr.

Commercial Paper of Rs. 650.00 Cr.

Short Term Fund Based Facilities of Rs. 75.00 Cr.
IVR D

IVR D

IVR D
-

-

-
22.02.2020 Usha Financial Services Pvt Ltd (UFSPL) Term Loans of Rs. 150.00 Cr. (Enhanced from Rs.100 Crore) IVR BBB- (Reaffirmed) Stable
22.02.2020 Paisalo Digital Limited (PDL)
Reclassification of proposed rated facility
Fund Based Facilities (CC) Rs. 822.50 Cr.

Fund Based (Proposed NCD) of Rs. 100.00 Cr.

Proposed Facilities of Rs. 67.50 Cr.
IVR A

IVR A

IVR A
Positive

Positive

Positive
22.02.2020 Aavanti Solar Energy Private Limited Long-Term Debt- Term Loan of Rs. 88.49 Cr. (Reduced from Rs.95.62 crore) IVR BB+ Stable
22.02.2020 Aavanti Renewable Energy Private Limited Long-Term Bank Facility- Term Loan of Rs. 90.19 Cr. (Reduced from Rs.96.85 crore)

Short-Term Bank Facility- Bank Guarantee of Rs. 2.00 Cr.
IVR BB+

IVR A4+
Stable

-
20.02.2020 Velan Kraft House Private Limited Long Term Bank Facilities of Rs. 43.00 Cr. IVR BB (ISSUER NOT COOPERATING) Stable
20.02.2020 YSR Spinning and Weaving Mills Private Limited Long term Bank Facilities of Rs. 20.20 Cr. (Including proposed limit of Rs. 5.75 crore)

Short term Bank Facilities of Rs. 1.80 Cr.
IVR BB (ISSUER NOT COOPERATING)

IVR A4 (ISSUER NOT COOPERATING)
Stable

-
20.02.2020 Rean Watertech Private Limited Long/Short Term Bank Facilities of Rs. 5.85 Cr.

Long Term Bank Facilities of Rs. 46.15 Cr.
IVR BB / IVR A4 (ISSUER NOT COOPERATING)

IVR BB (ISSUER NOT COOPERATING)
Stable

Stable
20.02.2020 Vindeshwari Exim Pvt Ltd. Long Term Bank Facilities - Term Loan of Rs. 17.32 Cr.

Long Term Fund Based Facilities of Rs. 2.00 Cr.

Non-Fund Based Facilities of Rs. 30.00 Cr.

Proposed Fund Based/Non-Fund Based Facilities of Rs. 3.68 Cr.
IVR BB+ (Reaffirmed)

IVR BB+ (Reaffirmed)

IVR A4+ (Reaffirmed)

IVR BB+ / IVR A (Reaffirmed)
Positive

Positive

-

Positive
20.02.2020 Hansa Tubes Private Limited Long Term Bank Facilities of Rs. 43.00 Cr.

Long Term /Short Term Bank Facilities of Rs. 5.00 Cr.
IVR BBB-

IVR BBB- / IVR A3
Stable

Stable /-
20.02.2020 Furniture Points(FP) Long Term Fund Based Facility -CC of Rs. 6.50 Cr.

Short Term Non-Fund Based Facility –LC/BG of Rs. 2.50 Cr.

Proposed Long Term Fund Based Facility -TL of Rs. 1.00 Cr.
IVR B+

IVR A4

IVR B+
Stable

-

Stable
20.02.2020 Mani Square Limited (MSL) Long Term Bank Facilities- Term Loan of Rs. 197.78 Cr. IVR BBB- Stable
20.02.2020 LV Dairys Patas (LVDP) Long Term Bank Facilities of Rs. 48.25 Cr.

Short Term Bank Facilities of Rs. 4.00 Cr.
IVR BB+

IVR A4+
Stable

-
20.02.2020 Kisha Telelinks Pvt. Ltd. (Additional Limits) Long Term Facility – Fund Based - Cash Credit of Rs. 2.00 Cr.

Long Term/ Facility – Fund Based – Packing Credit of Rs. 10.00 Cr.

Long Term/ Facility – Fund Based (Proposed) – Packing Credit of Rs. 9.00 Cr.

Short Term Facility – Non Fund Based – Letter of credit of Rs. 4.00 Cr.
IVR BB+ (Reaffirmed)

IVR BB+ (Reaffirmed)

IVR BB+

IVR A4+ (Reaffirmed)
Stable

Stable

Stable

-
19.02.2020 Responsive Industries Limited Fund based Working Capital Facility - Long-term/ Short-term FDBP/ FUDBP [Sub-limit - PCFC/ CC/ Direct Bills] of Rs. 180.00 Cr.

Non-Fund based Working Capital Facility - Short-term Inland/ Import LC [Sub-limit - Letter of Guarantee] of Rs. 60.00 Cr.
IVR A- / IVR A2+



IVR A2+
Stable



-
18.02.2020 Indo Global Soft Solutions and Technologies Private Limited Long Term Bank Facility – Lease Rental Discounting of Rs. 163.00 Cr. IVR BB+ Stable
17.02.2020 India Mega Agro Anaj Limited Long Term Fund Based Limits –Cash Credit of Rs. 137.30 Cr.



Long Term Bank Facilities - Term Loan of Rs. 58.60 Cr.
IVR D (Reaffirmed - ISSUER NOT COOPERATING)

IVR D (Reaffirmed - ISSUER NOT COOPERATING)
-

17.02.2020 JPM Exports Private Ltd. Long Term Bank Facilities of Rs. 50.00 Cr. (including proposed limits of Rs.5.00 crore) IVR D (Reaffirmed - ISSUER NOT COOPERATING) -
17.02.2020 Worldwide Metals Private Ltd. Long term Bank Facilities of Rs. 96.00 Cr.



Short term Bank Facilities Rs. 4.00 Cr.
IVR D (Reaffirmed - ISSUER NOT COOPERATING)

IVR D (Reaffirmed - ISSUER NOT COOPERATING)
-

-
17.02.2020 Oyster Steel & Iron Private Ltd. Long/Short-term Bank Facilities of Rs. 140.0 Cr.



Short term Bank Facilities of Rs. 20.00 Cr.
IVR D (Reaffirmed - ISSUER NOT COOPERATING)

IVR D (Reaffirmed - ISSUER NOT COOPERATING)
-

-
17.02.2020 Olympus Metal Private Ltd. Long/Short-term Bank Facilities of Rs. 75.00 Cr.



Short term Bank Facilities of Rs. 10.00 Cr.
IVR D (Reaffirmed - ISSUER NOT COOPERATING)

IVR D (Reaffirmed - ISSUER NOT COOPERATING)
-

-

-
17.02.2020 Draken Metals Trading Private Limited Long/Short-term Bank Facilities of Rs. 150.00 Cr. IVR C / IVR A4 (Reaffirmed - ISSUER NOT COOPERATING) -
17.02.2020 Tiger Logistics India Limited Long Term Bank Facilities of Rs. 38.00 Cr.

Short Term Bank Facilities of Rs.2.00Cr.
IVR BBB

IVR A3+
Stable

-
14.02.2020 BLA Projects Private Limited Long Term Bank Facilities - Cash Credit of Rs. 22.60 Cr.

Short Term Bank Facilities – Bank Guarantee of Rs. 89.00 Cr.
IVR BBB-

IVR A3
Stable

-
14.02.2020 Amarnath Cold Storage Private Limited Long Term Bank Facilities of Rs. 5.00 Cr. IVR B+ Stable
14.02.2020 H and H Precision Private Limited Long Term Fund Based Facility - Cash Credit of Rs. 4.00 Cr.

Long Term Fund Based Facility – Stand by line of credit of Rs. 1.00 Cr.

Long Term Fund Based Facility – ODS of Rs. 0.13 Cr.

Long Term/ Short Term Non-Fund Based Facility - Bank Guarantee of Rs. 22.50 Cr.
IVR BBB-

IVR BBB-

IVR BBB-

IVR BBB-/IVR A3
Stable

Stable

Stable

Stable/-
14.02.2020 Precision Realty Developers Pvt Ltd Proposed Term Loan (LRD Facility)of Rs. 175.00 Cr. Provisional IVR A Stable
13.02.2020 Melt-O-Therm Furnaces Private Limited Long Term Bank Facilities-Term Loan of Rs. 1.55 Cr.

Long Term Bank Facilities-Cash Credit of Rs. 4.00 Cr.

Long Term Bank Facilities-Proposed Cash Credit of Rs. 4.27 Cr.

Short Term Bank Facilities Bank Guarantee of Rs. 0.18 Cr.
IVR BB-

IVR BB-

IVR BB-

IVR A4+
Stable

Stable

Stable

-
13.02.2020 Kisha Telelinks Pvt Ltd Long Term Facility – Fund Based - Cash Credit of Rs. 2.00 Cr.

Long Term/ Facility – Fund Based – Packing Credit of Rs. 10.50 Cr.

Short Term Facility – Non Fund Based – Letter of credit of Rs. 4.00 Cr.
IVR BB+

IVR BB+

IVR A4+
Stable

Stable

-
13.02.2020 Subaya Constructions Company Limited Bank Facilities- Long Term of Rs. 18.00 Cr.

Bank Facilities- Short Term of Rs. 65.50 Cr.
IVR BBB-

IVR A3
Stable

-
11.02.2020 Hindustan Equipments Private Limited Long Term Fund Based Facility - Cash Credit of Rs. 45.58 Cr.

Long Term Facility – Term Loan of Rs. 25.50 Cr.

Short Term/Long Term Non-Fund Based Facility - Bank Guarantee of Rs. 22.10 Cr.
IVR BBB-

IVR BBB-

IVR A3
Stable

Stable

-
11.02.2020 Phoenix Tech Zone Private Limited Long Term Bank Facilities of Rs. 575.00 Cr.

Short Term Bank Facilities of Rs. 15.27 Cr.
IVR BBB-

IVR A3
Stable

-
11.02.2020 Samarth Diamond Bank Facilities- Short Term of Rs. 12.00 Cr. IVR A3+ Stable
10.02.2020 Rajda Industries & Exports Pvt. Ltd. Long Term Bank Facilities of Rs. 5.12 Cr.

Short Term Bank Facilities of Rs. 46.00 Cr.
IVR BB+

IVR A4+
Stable

-
10.02.2020 Truvolt Engineering Co. Private Limited Long Term Bank Facilities of Rs. 15.00 Cr.

Long Term/Short Term Bank Facilities of Rs. 14.00 Cr.
IVR BB- (Reaffirmed)

IVR BB-/IVR A4 (Reaffirmed)
Stable

Stable/-
06.02.2020 IA Hydro Energy Private Limited Long Term Bank Facilities-Term Loan of Rs. 258.46 Cr.

Long Term Bank Facilities-Cash Credit of Rs. 2.90 Cr.

Short Term Bank Facilities Bank Guarantee of Rs. 5.00 Cr.
IVR BBB-

IVR BBB-

IVR A3
Stable

Stable

-
06.02.2020 Anita Oils and Fats Pvt Ltd. Non Fund Based Limit of Rs. 46.00 Cr.

Fund Based/ Non Fund Based Limits of Rs. 1.00 Cr.
IVR A4

IVR BB/IVR A4
-

Stable/-
06.02.2020 SRB International Private Limited Long Term Bank Facilities of Rs. 7.00 Cr.

Short Term Bank Facilities of Rs. 11.00 Cr.
IVR BB+

IVR A4+
Stable

-
05.02.2020 Sanaka Educational Trust Long Term Bank Facilities – Term Loan of Rs. 39.74 Cr. (reduced from 44.00) IVR BB+ Stable
05.02.2020 Texport Syndicate (India) Limited Long Term Fund based (Term Loan) of Rs. 35.56 Cr.

Short Term Fund based (PCFC/ EPC) of Rs. 140.75 Cr.

Short Term Non-Fund based (BG/LC) of Rs. 47.25 Cr.
IVR BBB

IVR A3

IVR A3
Stable

-

-
05.02.2020 Saket Infraprojects Private Limited Long-Term Fund based(Cash Credit) of Rs. 30.00 Cr.

Long-Term/ Short-Term Non-Fund based (Bank Guarantee) of Rs. 65.00 Cr.
IVR BBB

IVR BBB/A3+
Stable

Stable/-
05.02.2020 C.B.S. Publishers and Distributors Private Limited Bank Facilities- Long Term of Rs. 30.00 Cr. IVR BBB Stable
04.02.2020 Agrigo Trading Private Limited (ATPL) Long Term Bank Facilities – Cash Credit of Rs. 20.00 Cr.

Short Term Bank Facilities – Letter of Credit of Rs. 20.00 Cr.

Short Term Bank Facilities – CEL of Rs. 0.50 Cr.
IVR BBB

IVR A3+

IVR A3+
Stable

-

-
03.02.2020 Shri Rewa Rice Mills Private Limited (SRRMPL) Long Term (Fund based) of Rs. 14.10 Cr. IVR BB Stable
03.02.2020 Topsun Energy Limited Bank Facilities- Long Term of Rs. 31.50 Cr.

Bank Facilities- Short Term of Rs. 52.20 Cr.
IVR BB+

IVR A4+
Stable

-
03.02.2020 Deevya Shakti Paper Mills Pvt. Ltd. Long Term Debt- Term Loan of Rs. 2.36 Cr. (reduced from Rs. 5.00 crore)

Long Term Facility – Fund Based of Rs. 36.00 Cr.

Short Term Facility – Non Fund Based of Rs. 6.22 Cr.
IVR A- (Re-affirmed)

IVR A- (Re-affirmed)

IVR A2+ (Re-affirmed)
Stable

Stable

-
03.02.2020 Duroply Industries Limited Long Term Bank Facilities of Rs. 42.74 Cr. (including proposed limit of Rs.1.78 crore)

Short Term Bank Facilities of Rs. 37.26 Cr.
IVR BB

IVR A4 (Reaffirmed)
Stable

-
31.01.2020 Utkal Healthcare Private Limited Bank Facilities- Long Term of Rs. 45.00 Cr. IVR BB+ Positive
31.01.2020 Shri Swami Samarth Engineers Limited (SSSEL) Long Term (Fund based)- Cash Credit of Rs. 30.00 Cr.

Short Term (Non-Fund based) – Bank Guarantee of Rs. 30.00 Cr.
IVR BBB

IVR A3+
Stable

-
31.01.2020 Jai Hind Sugar Private Limited (JHSPL) Long Term (Fund based)- Term Loan of Rs. 219.20 Cr.

Long Term (Fund based)-Cash Credit of Rs. 5.00 Cr.
IVR BBB-

IVR BBB-
Positive

Positive
30.01.2020 Wonder Wage Waggon Trading Co. Private Limited Long Term Bank Facilities of Rs. 7.50 Cr.

Short Term Bank Facilities of Rs. 0.40 Cr.
IVR B+

IVR A4
Stable

-
30.01.2020 Maharaja Ispat Private Limited Long Term Fund Based Facilities of Rs. 18.77 Cr.

Short Term Non Fund Based Facilities of Rs. 6.23 Cr.
IVR BB+ (Re-affirmed)

IVR A4+
Positive

-
30.01.2020 S.G.S Motors Private Limited Bank Facilities- Long Term of Rs. 30.00 Cr. IVR BBB- Stable
29.01.2020 Lalchnd Jewellers Pvt Ltd (LJPL) Long Term Bank Facility of Rs. 35.00 Cr. IVR BBB Positive
29.01.2020 Kompass Infrastructures Private Limited Long Term Fund Based Facilities – Secured Overdraft of Rs. 2.60 Cr.

Short Term Non Fund Based Bank Facilities – Bank Guarantee of Rs. 9.00 Cr.

Proposed Fund based /Non fund based of Rs. 18.40 Cr.
IVR BB

IVR A4

IVR BB
Positive

-

Positive
28.01.2020 Nickunj Eximp Enterprises Private Limited Long Term Bank Facilities of Rs. 29.00 Cr.

Short Term Bank Facilities of Rs. 13.00 Cr.
IVR BB

IVR A4
Stable

-
27.01.2020 Bhrunda Infra Private Limited (BIPL) Long Term Facility – Fund Based – Cash Credit of Rs. 25.50 Cr.

Proposed Long Term Facility – Fund Based – Cash Credit of Rs. 30.00 Cr.

Long Term / Short Term Facility – Non Fund Based – Bank Guarantee of Rs. 54.50 Cr.

Proposed Long Term / Short Term Facility – Non Fund Based – Bank Guarantee of Rs. 15.00 Cr.
IVR BBB-

IVR BBB-

IVR BBB-/IVR A3

IVR BBB-/IVR A3
Stable

Stable

Stable

Stable
25.01.2020 Sambhv Sponge Power Private Limited Long Term Fund Based Facility - Cash Credit of Rs. 47.00 Cr. (Enhanced from Rs. 17.00 crore)

Long Term Fund Based Facility - Term Loan of Rs. 71.00 Cr.

Short Term Non-Fund Based Facility – Letter of Credit of Rs. 9.50 Cr.
IVR BBB- (Reaffirmed)

IVR BBB- (Reaffirmed)

IVR A3 (Reaffirmed)
Stable

Stable

-
25.01.2020 Nayati Healthcare & Research NCR Pvt Ltd. Long Term Bank Facilities of Rs. 850.00 Cr. IVR BBB- (Reaffirmed) Stable
24.01.2020 Silver Touch Technologies Ltd Long Term Bank Facilities of Rs. 55.00 Cr. IVR BBB+ Stable
24.01.2020 Atlas Pet Plas Industries Limited Long Term Facilities of Rs. 12.50 Cr. IVR BB- (ISSUER NOT COOPERATING) Stable
24.01.2020 R. R. Constructions and Infrastructure India Pvt. Ltd. Long Term Facility – Fund Based – Cash Credit of Rs. 27.00 Cr.

Short Term Facility – Non Fund Based - Bank Guarantee of Rs. 67.00 Cr.
IVR BBB- (Re-affirmed)

IVR A3 (Re-affirmed)
Stable

-
23.01.2020 Raghava Constructions (India) Private Limited (RCIPL) Long Term Fund Based Facility - Cash Credit of Rs. 100.00 Cr.

Long Term/Short Term Non-Fund Based Facility - Bank Guarantee of Rs. 584.00 Cr.

Short Term Non-Fund Based Facility – Letter of Credit of Rs. 66.00 Cr.
IVR BBB-

IVR BBB-/IVR A3

IVR A3
Stable

Stable/-

-
21.01.2020 Shriniwas Spintex Industries Private Limited (SSIPL) Long Term Facilities of Rs. 40.00 Cr. IVR BB+ (ISSUER NOT COOPERATING) Stable
21.01.2020 Shri Nagal Aluminium Company Long Term Fund Based Limits –Cash Credit of Rs. 2.25 Cr.

Long Term Rupee Term Loan of Rs. 4.25 Cr.
IVR B+

IVR B+
Stable

Stable
21.01.2020 Ganpati Sponge Iron Private Limited Long Term Fund Based Facility - Cash Credit of Rs. 13.50 Cr. (including sub-limit Inland Letter of Credit of Rs. 2.50 crore)

Long Term Fund Based Facility - Term Loan of Rs. 1.50 Cr.
IVR BBB-

IVR BBB-
Stable

Stable
21.01.2020 Shirja Real Estate Solutions Private Limited Long Term Bank Facilities of Rs. 85.00 Cr. IVR BBB- Stable
20.01.2020 Unimoni Financial Services Limited Long Term Fund Based Facility – Cash Credit of Rs. 324.00 Cr.

Long Term Fund Based Facility – Working Capital Demand Loan of Rs. 546.00 Cr.

Long Term Fund Based Facility – Term Loan of Rs. 44.35 Cr.

Short Term Fund Based Facility - Overdraft of Rs. 20.00 Cr.

Short Term Non Fund Facility – Treasury Limit of Rs. 15.00 Cr.

Long Term /Short Term Non Fund Based Facility – Bank Guarantee of Rs. 10.00 Cr.
IVR A-

IVR A-

IVR A-

IVR A2+

IVR A2+

IVR A-/IVR A2+
Stable

Stable

Stable

-

-

Stable/-
20.01.2020 Shah Nanji Nagsi Exports Private Limited Long Term Fund Based Facilities- Cash credit/ Packing credit of Rs. 70.00 Cr. IVR BB+ (Reaffirmed) Stable
20.01.2020 Shri Maa Marketing Private Limited (SMMPL) Long Term (Fund based)of Rs. 10.00 Cr.

Short Term (Non-Fund based) of Rs. 25.00 Cr.
IVR BBB

IVR A3+
Stable

-
20.01.2020 Adhikar Microfinance Pvt Ltd Long Term Bank Facilities of Rs. 50.00 Cr. IVR BBB- Stable
17.01.2020 Anil Buildcon India Pvt Ltd Long Term / Short Term Facility – Non Fund Based of Rs. 28.00 Cr.

Short Term Facility – Fund Based – Overdraft of Rs. 0.50 Cr.

(Proposed) Short Term Facility – Fund Based of Rs. 0.10 Cr.
IVR BBB-

IVR A3

IVR A3
Stable

-

-
17.01.2020 Mid India Creations LLP. (MICLLP) Long Term (Term Loan) of Rs. 70.00 Cr.

Short Term (Overdraft) of Rs. 5.00 Cr.
Reclassification

Reclassification
-

-
16.01.2020 Shree Jindal Soya Limited (SJS) Long Term Facilities of Rs. 3.00 Cr.

Short term facilities of Rs. 52.20 Cr.
IVR BB (ISSUER NOT COOPERATING)
IVR A4 (ISSUER NOT COOPERATING)
Stable

-
16.01.2020 Suvarna Shilpi Jewellers Private Limited Long Term Bank Facilities of Rs. 4.00 Cr.

Long Term/Short Term Bank Facilities of Rs. 20.00 Cr.
IVR BBB-

IVR BBB- / IVR A3
Stable

Stable / -
16.01.2020 Sambhv Sponge Power Private Limited Long Term Fund Based Facility - Cash Credit of Rs. 17.00 Cr.

Long Term Fund Based Facility - Term Loan of Rs. 11.00 Cr.

Short Term Non-Fund Based Facility – Letter of Credit of Rs. 9.50 Cr.

Long Term Fund Based Facility - Term Loan of Rs. 21.50 Cr.
IVR BBB- (Reaffirmed)

IVR BBB- (Reaffirmed)

IVR A3 (Reaffirmed)

IVR BBB-
Stable

Stable

-

Stable
16.01.2020 S.Pyarelal Ispat Private Limited Long Term Fund Based Facility - Cash Credit of Rs. 20.11 Cr. (including Rs. 12.11 crore proposed limit)
Long Term Fund Based Facility - Term Loan of Rs. 3.16 cr. (Outstanding)

Long Term Fund Based Facility - Cash Credit of Rs. 14.00 Cr.
IVR BBB-

IVR BBB- (Reaffirmed)

IVR BBB- (Reaffirmed)
Stable

Stable

Stable
15.01.2020 Fossil Business Solution Private Limited Bank Facilities- Long Term of Rs. 5.00 Cr. IVR BB Stable
15.01.2020 Victora Automotive Inc. Long Term Bank Facilities-Term Loan of Rs. 32.8 Cr.

Fund Based facilities (CC) of Rs. 4.0 Cr.

Fund Based facilities (Bill discounting) of Rs. 64.0 Cr.

Fund Based facilities (Packing credit) of Rs. 7.0 Cr.

Non fund based facilities (LC/BG) of Rs. 10.0 Cr.
IVR BBB

IVR BBB

IVR A3+

IVR A3+

IVR A3+
Stable

Stable

-

-

-
15.01.2020 Vee Aar Life Space LLP Long Term Bank Facilities of Rs. 100.00 Cr. IVR BB+ Stable
14.01.2020 MEP Longjian VTR Pvt Ltd. (MLVPL) Proposed Term Loan of Rs. 567.78 Cr.

Proposed Non-Fund Based Limit - Performance Bank Guarantee of Rs. 59.15 Cr.

Proposed Fund Based Limit - Overdraft of Rs. 20.00 Cr.
IVR BB+ (ISSUER NOT COOPERATING)

IVR BB+ (ISSUER NOT COOPERATING)

IVR BB+ (ISSUER NOT COOPERATING)
Stable

Stable

Stable
13.01.2020 Shapoorji Pallonji & Company Pvt Ltd. Fund Based Facilities (Long & Short Term) of Rs. 10000.00 Cr.

Non- Fund Based (Long & Short Term) of Rs. 15000.00 Cr.

Commercial Papers of Rs. 1500.00 Cr.
IVR AA- / IVR A1+

IVR AA- / IVR A1+

IVR A1+
Stable/-

Stable/-

-
13.01.2020 Himalaya Polytech Private Limited Long Term Fund based facilities- Term Loan of Rs.6.80 Cr.

Long Term Fund based facilities- Cash credit of Rs. 7.80 Cr. (including proposed limit of Rs. 0.30 Crores)

Short Term Bank Facilities – LC/BG of Rs. 6.00 Cr. (including proposed limit of Rs. 2.0 Crores)
IVR BB (ISSUER NOT COOPERATING)

IVR BB (ISSUER NOT COOPERATING)

IVR A4 (ISSUER NOT COOPERATING)
Stable

Stable

-
10.01.2020 Kalyan Toll Infrastructure Limited Long Term Debt – Term Loan of Rs.139.52 Cr.

Long Term Facility – Fund Based – Cash Credit of Rs. 51.00 Cr.

Long Term / Short Term Facility – Non Fund Based – Bank Guarantee of Rs. 217.90 Cr.

(Proposed) Long Term / Short Term Facility – Non Fund Based – Bank Guarantee of Rs. 2.88 Cr.
IVR A-

IVR A-

IVR A-/IVR A2+

IVR A-/IVR A2+
Stable

Stable

Stable/-

Stable/-
10.01.2020 NRP Projects Private Limited Long Term Bank Facilities of Rs. 45.00 Cr.

Short Term Bank Facilities of Rs. 95.00 Cr.
IVR BBB

IVR A3+
Stable

-
09.01.2020 Amitasha Enterprises Private Limited Long Term Fund Based Facility - Cash Credit of Rs. 50.00 Cr.

Long Term/Short Term Non-Fund Based Facility - Bank Guarantee of Rs. 35.00 Cr.

Short Term Non-Fund Based Facility – Letter of Credit of Rs. 40.00 Cr.
IVR BBB-

IVR BBB- / IVR A3

IVR A3
Stable

Stable

-
09.01.2020 Mahadev Yarns Private Limited Long Term Fund based facilities- Term Loan of Rs. 4.14 Cr.

Long Term Fund based facilities- Cash credit of Rs. 11.36 Cr. (including proposed limit of Rs.0.36 crore)

Short Term Bank Facilities – Bank Guarantee of Rs. 0.50 Cr.
IVR B+ (ISSUER NOT COOPERATING)

IVR B+ (ISSUER NOT COOPERATING)

IVR A4 (ISSUER NOT COOPERATING)
Stable

Stable

-
09.01.2020 Maharaja Ispat Private Limited Long Term Bank facilities of Rs.16.50 Cr. IVR BB+ (Re-affirmed) Positive
08.01.2020 Victora Auto Private Limited Term Loan of Rs.10.00 Cr.

Fund Based Facilities (CC) of Rs. 20.00 Cr.

Fund Based Facilities (Bill Discounting) of Rs. 135.00 Cr.

Non-Fund Based Facilities (LC/BG) of Rs. 25.00 Cr.
IVR A-

IVR A-

IVR A2+

IVR A2+
Stable

Stable

-

-
08.01.2020 SRK Constructions and Projects Pvt Ltd (SCPPL) Long Term Bank Facilities of Rs.60.00 Cr.

Short Term Bank Facilities of Rs. 237.00 Cr.
IVR BBB

IVR BBB
Stable

-
08.01.2020 Jaycon Infrastructure Limited Bank Facilities- Long Term of Rs.40.00 Cr.

Bank Facilities- Short Term of Rs. 60.00 Cr.
IVR D

IVR D
-

-
06.01.2020 Prachay Capital Private Limited Long Term Bank Facilities – Fund Based Term Loan of Rs.12.50 Cr.

Long Term Bank Facilities – Fund Based Cash Credit of Rs. 12.50 Cr.

Long Term Bank Facilities – Fund BasedTerm Loan (Proposed) Rs. 15.50 Cr.

Long Term Bank Facilities – Fund Based Cash Credit (Proposed) Rs. 7.50 Cr.
IVR BB+

IVR BB+

IVR BB+

IVR BB+
Stable

Stable

Stable

Stable
06.01.2020 Nikhil Adhesives Limited Long Term (Fund based) of Rs.5.00 Cr.

Short Term (Non-Fund based) of Rs. 95.00 Cr.

Long Term (Fund based) Rs. (20.00) Cr.
IVR BBB-

IVR A3 (Reaffirmed)

IVR BBB-
Positive

-

Positive
06.01.2020 Encorp Powertrans Private Limited Long Term Fund Based Facility - Cash Credit of Rs.30.00 Cr.

Long Term Fun Based Facility -Term Loan of Rs. 0.30 Cr.

Short Term Non-Fund Based Facility - Bank Guarantee Rs. 45.00 Cr.

Short Term Non-Fund Based Facility - Letter of Credit Rs. 15.00 Cr.
IVR BB+

IVR BB+

IVR A4+

IVR A4+
Stable

Stable

-

-
03.01.2020 Viraj Profiles Limited Fund Based Long Term – CC of Rs.63.50 Cr.

Fund Based Short Term – EPC/PCFC of Rs. 1499.85 Cr.

Non Fund Based Letter of Credit / Bank Guarantee Rs. 924.92 Cr.
IVR BBB+

IVR A2

IVR A2
Stable

-

-
03.01.2020 Regaal Resources Pvt Ltd Long Term Bank Facilities of Rs.115.00 Cr. IVR BBB- (CE) Stable
03.01.2020 K&R Rail Engineering Limited Long Term Bank Facilities/ Short Term Bank Facilities -Bank Guarantee of Rs. 41.50 Cr. IVR BBB- / IVR A3 Stable
03.01.2020 RITES Limited Short Term Bank Facilities of Rs. 850.00 Cr. IVR A1+ (Reaffirmed) Stable
02.01.2020 Asandas and Sons Private Limited Long Term Fund Based Facility - Term Loan of Rs. 33.62 Cr.

Long Term Fund Based Facility - External Commercial Borrowing in Foreign Currency Denomination of Rs. 42.00 Cr.

Long Term Fund Based Facility - Cash Credit of Rs. 22.00 Cr.

Short Term Non-Fund Based- Bank Guarantee of Rs. 8.50 Cr.
IVR BBB-

IVR BBB-

IVR BBB-

IVR A3
Stable

Stable

Stable

-
02.01.2020 SAK Buildtech Private Limited Term Loan of Rs. 32.00 Cr. IVR BB+ (Reaffirmed) Stable
02.01.2020 Shri Ram Raja Sarkar Lok Kalyan Trust (SRSLKT) Fund Based Facilities- Overdraft of Rs. 2.00 Cr. IVR BB+ (Reaffirmed) Stable
02.01.2020 Optiemus Infracom Limited Lease Rental Discounting Facility (LRD) of Rs. 190.00 Cr. IVR BBB Stable
01.01.2020 GKC Projects Limited Long Term Bank Facilities of Rs. 1981.06 Cr.

Optionally Convertible Debentures of Rs. 183.93 Cr.
IVR D (ISSUER NOT COOPERATING)

IVR D (ISSUER NOT COOPERATING)
-

-
31.12.2019 Shree Ram Resins Private Limited Long Term Fund Based Limits – Cash Credit of Rs. 14.00 Cr. IVR BB+ Stable
31.12.2019 Gagan Ferrotech Limited Long Term Bank Facilities-Cash Credit of Rs. 155.00 Cr.

Long Term Bank Facilities-Term Loan of Rs. 116.00 Cr.

Short Term Bank Facilities-Letter of Credit/Bank Guarantee of Rs. 88.75 Cr.
IVR A

IVR A

IVR A1
Stable

Stable

-
31.12.2019 Amar Shakti Commerce and Industries Limited Bank Facilities- Long Term of Rs. 20.00 Cr. IVR B+ Stable
31.12.2019 Spray Engineering Devices Limited Bank Facilities- Long Term of Rs. 21.00 Cr.

Bank Facilities- Short Term of Rs. 16.00 Cr.
IVR B+

IVR A4
Stable

-
31.12.2019 Mono Steel (India) Limited Long Term Bank Facilities – Cash Credit of Rs. 52.00 Cr.

Short Term Bank Facilities – Bank Guarantee / Letter of Credit of Rs. 218.00 Cr.
IVR A-

IVR A2+
Stable

-
31.12.2019 Ganesh Benzoplast Limited Long Term Debt- Term Loan of Rs. 40.025 Cr. (reduced from Rs. 48.00 crore)

Long Term/Short Term Facility – Bank Guarantee of Rs. 3.25 Cr.


(Proposed) Long Term/Short Term Facility – Bank Guarantee of Rs. 4.725 Cr.
IVR BBB- (Re-affirmed)

IVR BBB- / IVR A3 (Re-affirmed)

IVR BBB- / IVR A3 (Re-affirmed)
Stable

Stable/-


Stable/-
30.12.2019 BFG International Private Limited Long Term(Fund based)of Rs. 17.44 Cr.

Short Term (Non-Fund based) of Rs. 1.25 Cr.


Long Term/Short Term (Non-Fund based) of Rs. 0.65 Cr.
IVR BB

IVR A4

IVR BB/IVR A4
Stable

-


Stable/-
27.12.2019 Vyoman Tradelink India Pvt Ltd Bank Loan Facility of Rs. 63.00 Cr. IVR BBB- (Withdrawn) Stable
27.12.2019 Saj Jewellery Pvt Ltd Long Term Bank Facilities (Proposed) of Rs. 1.00 Cr.

Short Term Bank Facilities of Rs. 10.50 Cr.
IVR BB

IVR A4+
Stable

-
27.12.2019 Rameswar Udyog Pvt Ltd. Fund Based Long Term Facilities(Term Loan & CC) of Rs. 63.30 Cr.

Non Fund Based Long Term (Bank Guarantee) of Rs. 2.00 Cr.

Fund Based Short Term Facility (EPC/PCFC) 27.00 Cr.
IVR BBB-

IVR BBB-

IVR A3
Stable

Stable

-
27.12.2019 Lifeline Multi Ventures Private Limited Long Term Bank Facilities of Rs. 35.00 Cr. IVR BBB- Stable
27.12.2019 Jinaehat Export Pvt Ltd Long Term Bank Facilities (Proposed) of Rs. 1.00 Cr.

Short Term Bank Facilities of Rs. 22.50 Cr.

Short Term Bank facilities (Proposed) of Rs. 2.50 Cr.
IVR BB

IVR A4+

IVR A4+
Stable

-

-
27.12.2019 Jais Jewellery Pvt Ltd Long Term Bank Facilities (Proposed) of Rs. 1.00 Cr.

Short Term Bank Facilities of Rs. 58.00 Cr.
IVR BB

IVR A4+
Stable

-
26.12.2019 Raichur Sholapur Transmission Company Private Limited Long Term Bank Facility of Rs. 240.00 Cr. IVR BBB- Stable
26.12.2019 New Leaf Tea Plantation Private Limited Long Term Bank Facilities - Term Loan of Rs. 7.75 Cr.

Long Term Bank Facilities – Cash Credit of Rs. 3.50 Cr.

Short Term Bank Facilities – Bank Guarantee of Rs. 0.50 Cr.
IVR BB+ (Reaffirmed)

IVR BB+ (Reaffirmed)

IVR A4+ (Reaffirmed)
Stable

Stable

-
26.12.2019 Prateek Apparels Pvt Ltd (PAPL) Long Term Bank Facilities of Rs. 82.43 Cr.

Short Term bank Facilities of Rs. 9.00 Cr.
IVR BB-

IVR A4+
Stable

-
26.12.2019 Asoke Timber Co Long Term Bank Facilities of Rs. 16.00 Cr.

Short Term Bank Facilities of Rs. 5.00 Cr.
IVR BB

IVR A4
Stable

-
25.12.2019 Indiabulls Infraestate Limited Non-Convertible Debenture (NCD) of Rs. 350.00 Cr. IVR AA- (CE) Stable
25.12.2019 Chadha Papers Limited Long Term (Fund based) of Rs. 43.00 Cr.

Short term (Non-Fund Based) of Rs. 30.00 Cr.
IVR BBB-

IVR A3
Stable

-
24.12.2019 Westwell Iron & Steel Private Limited Long Term Fund Based Facilities- Cash credit of Rs. 5.50 Cr.

Short Term Bank Facilities – Bank Guarantee of Rs. 19.50 Cr. (including proposed limit of Rs.1.50 crore)
IVR BBB- (Reaffirmed)

IVR A3 (Reaffirmed)
Stable

-
24.12.2019 Nextgen Printers Private Limited Long Term Bank Facilities - Cash Credit of Rs. 15.20 Cr.

Long Term Bank Facilities - Term Loan of Rs. 26.36 Cr. (Reduced from Rs. 33.30 crore)

Short Term Bank Facilities – Bank Guarantee of Rs. 6.50 Cr.

Short Term Bank Facilities – Letter of credit of Rs. 0.08 Cr.
IVR BB+

IVR BB+

IVR A4+

IVR A4+
Stable

Stable

-

-
24.12.2019 Anindita Steels Limited Long Term Bank Facilities – Cash Credit of Rs. 25.00 Cr.


Long Term Bank Facilities – Cash credit (Proposed) of Rs. 1.68 Cr.


Short Term Bank Facilities – Letter of Credit of Rs. 1.60 Cr.


Short Term Bank Facilities –Bank Guarantee of Rs. 2.32 Cr.
IVR BB+ (ISSUER NOT COOPERATING)

IVR BB+ (ISSUER NOT COOPERATING)

IVR A4+ (ISSUER NOT COOPERATING)

IVR A4+ (ISSUER NOT COOPERATING)
Stable

Stable

-

-
23.12.2019 Smartha Enterprises Pvt Ltd. Fund Based/Non Fund Based (Long Term/Short Term) of Rs. 2.00 Cr.


Non-Fund Based (Short Term) of Rs. 42.00 Cr. (enhanced from Rs.15 crore)
IVR BB+ (Reaffirmed) / IVR A4+ (Reaffirmed)

IVR A4+ (Reaffirmed)
Positive / -

-
23.12.2019 VRKP Steel Industries Pvt Ltd Issuer Rating IVR BBB-[Is] Stable
23.12.2019 Shri Bajrang Power & Ispat Limited Long Term Facility – Fund Based – Cash Credit of Rs. 325.00 Cr.

Long Term Debt – Fund Based – Term Loan of Rs. 372.73 Cr.

Long Term/Short Term Facility – Non Fund Based – LC/BG of Rs. 160.00 Cr.

Long Term/Short Term – Proposed Facility of Rs. 42.27 Cr.
IVR BBB+

IVR BBB+

IVR BBB+ / IVR A2

IVR BBB+ /IVR A2
Stable

Stable

Stable

Stable
20.12.2019 Agrawal Global Infratech Private Limited Long Term Fund based facilities- Cash Credit of Rs. 2.50 Cr.


Long Term Fund based facilities- Bank Guarantee of Rs. 18.50 Cr.


Short Term Bank Facilities – Bank Guarantee of Rs. 5.50 Cr.
IVR BB+ (ISSUER NOT COOPERATING)

IVR BB+ (ISSUER NOT COOPERATING)

IVR A4+ (ISSUER NOT COOPERATING)
Stable

Stable

-
20.12.2019 Achiievers Finance India Private Limited Long Term Fund Based Facilities- Term Loan (Proposed) of Rs. 10.00 Cr.

Non-Convertible Debentures of Rs. 10.00 Cr.
IVR BB (Reaffirmed)

IVR BB (Reaffirmed)
Stable

Stable
18.12.2019 Aditya Auto Industries Long Term Fund Based Facility – Term Loan of Rs. 11.18 Cr.

Long Term Fund Based Facility – Cash Credit of Rs. 8.80 Cr.
IVR BB+

IVR BB+
Stable

Stable
18.12.2019 Trishul Dealcom Pvt Ltd (TDPL) Proposed Long Term Bank Facility- Cash credit of Rs. 25.00 Cr. IVR BB+ Stable
17.12.2019 Spanv Medisearch Lifesciences Private Limited Long Term Bank Facilities – Cash Credit (Proposed) of Rs. 10.00 Cr.

Long Term Bank Facilities – Term Loan (Proposed) of Rs. 140.00 Cr.
IVR BBB-

IVR BBB-
Stable

Stable
17.12.2019 JMV Polymer Ltd. Long term bank facilities (including proposed term loan of Rs. 1.16 crore) of Rs. 23.00 Cr. (Enhanced from Rs. 14.84 crore IVR BB- (Reaffirmed) Stable
16.12.2019 Simplex Infrastructures Ltd Long Term Fund Based Facility of Rs. 2600.00 Cr.

Commercial Paper of Rs. 650.00 Cr.

Short Term Fund Based Facilities of Rs. 75.00 Cr.
IVR C (Downgraded)

IVR A4 (Downgraded)

IVR A4 (Downgraded)
-

-

-
16.12.2019 Swambhunath Cold Storage Private Limited Long Term Bank Facilities of Rs. 8.76 Cr. IVR B Stable
16.12.2019 Shashiradha Cold Storage Private Limited Long Term Bank Facilities of Rs. 9.90 Cr. IVR B Stable
16.12.2019 Shashadhar Cold Storage Private Limited Long Term Bank Facilities of Rs. 8.70 Cr. IVR B Stable
16.12.2019 Panchanan Cold Storage Private Limited Long Term Bank Facilities of Rs. 10.08 Cr. IVR B Stable
16.12.2019 Maa Jay Chandi Multipurpose Cold Storage Private Limited Long Term Bank Facilities of Rs. 8.00 Cr. IVR B Stable
14.12.2019 Sona Beverages Pvt. Ltd. Fund Based Facilities- Cash Credit of Rs. 50.00 Cr.

Term Loan of Rs. 25.00 Cr.
IVR BBB-

IVR BBB-
Stable

Stable
13.12.2019 Valiant Glass Works Private Limited Long Term Facility/Short Term Facility – Non Fund Based – Bank Guarantee of Rs. 4.38 Cr.

Short Term Facility – Non Fund Based – Letter of Credit of Rs. 64.00 Cr.

Short Term Facility – Non Fund Based – Letter of Credit of Rs. 2.00 Cr.
IVR BBB-

IVR A3

IVR A3
Stable

-

-
13.12.2019 Ashirvad Food Products Private Limited Long Term Bank Facilities of Rs. 20.64 Cr.

Short Term Bank Facilities of Rs. 7.36 Cr.
IVR BB- (Reaffirmed)

IVR A4 (Reaffirmed)
Stable

-
12.12.2019 Smartha Enterprises Pvt Ltd. Fund Based Facilities of Rs. 1.50 Cr.


Non-Fund Based Facilities of Rs. 15.00 Cr.


Proposed Fund Based/Non-Fund Based Facilities of Rs. 0.50 Cr.
IVR BB+ (Reaffirmed)

IVR A4+ (Reaffirmed)

IVR BB+ (Reaffirmed) / IVR A4+ (Reaffirmed)
Positive

-

Positive /-
12.12.2019 Amitex Agro Product Private Limited Long Term Fund Based Limits – Cash Credit of Rs. 11.00 Cr.

Long Term Rupee Term Loan of Rs. 16.50 Cr.
IVR BB+

IVR BB+
Positive

Positive
12.12.2019 Acute Retail Infra Private Limited (ARIPL) Long Term-Fund based(Term Loan) of Rs. 76.05 Cr. IVR A+ Stable
12.12.2019 Compuage Infocom Limited Long Term - Fund Based Facilities of Rs. 425.00 Cr.

Long / Short Term – Non Fund Based Facilities of Rs. 535.00 Cr.
IVR A-

IVR A2+
Stable

-
11.12.2019 Deccan Ferro Alloys Pvt Ltd (DFAPL) Long Term Bank Facilities- Cash credit of Rs. 15.00 Cr.

Short Term Bank Facilities – Letter of credit of Rs. 28.00 Cr.

Short Term Bank Facilities – Bank Guarantee of Rs. 2.00 Cr.
IVR BBB

IVR A3+

IVR A3+
Stable

-

-
11.12.2019 Sindhu Cargo Services Private Limited Bank Facilities- Long Term of Rs. 45.95 Cr.

Bank Facilities- Short Term of Rs. 2.00 Cr.
IVR BB+

IVR A4
Stable

-
11.12.2019 Sun Paper Mill Limited Long Term Proposed Facility – Proposed Term Loan of Rs. 165.00 Cr.

Long Term Proposed Facility – Proposed Cash Credit of Rs. 50.75 Cr.

Long Term Fund Based Facility – OCC of Rs. 4.25 Cr.

Short Term Non Fund Based Facility – Letter of Credit of Rs. 15.00 Cr.
IVR BBB

IVR BBB

IVR BBB

IVR A3+
Stable

Stable

Stable

-
10.12.2019 Zen Technologies Limited (ZTL) Long Term Bank Facilities – Term Loans of Rs. 10.26 Cr.

Long Term Bank Facilities – Cash Credit of Rs. 30.00 Cr.

Long Term Bank Facilities / Short Term Bank Facilities – Bank Guarantee of Rs. 72.00 Cr.

Short Term Bank Facilities – Letter of Credit of Rs. 15.00 Cr.
IVR BBB+

IVR BBB+

IVR BBB+

IVR A2
Stable

Stable

Stable

-
09.12.2019 Scan Steels Ltd. Long Term Debt- WCTL of Rs. 44.88 Cr. (reduced from Rs. 48.50 crore)

Long Term Debt- FITL of Rs. 12.57 Cr. (reduced from Rs. 16.92 crore)

Long Term Fund Based Facilities of Rs. 69.13 Cr.

Short Term Non-Fund Based Facility of Rs. 4.00 Cr.

Short Term Non-Fund Based Facility of Rs. 1.45 Cr.
IVR BB

IVR BB

IVR BB

IVR A4 (Re-affirmed)

IVR A4 (Withdrawn)
Stable

Stable

Stable

-

-
09.12.2019 JSR Infra Developers Private Limited (JSR) Long Term Bank Facilities - Term Loan of Rs. 25.00 Cr.

Long Term/Short Term Bank Facilities – Bank Guarantee of Rs. 156.10 Cr.

Proposed Long Term/Short Term Bank Facilities – Bank Guarantee of Rs. 78.90 Cr.
IVR BBB-

IVR BBB-/IVR A3

IVR BBB-/IVR A3
Stable

Stable/-

Stable/-
09.12.2019 Agrawal Power Private Limited Bank Facilities- Long Term of Rs. 24.00 Cr.

Bank Facilities- Short Term of Rs. 119.00 Cr.
IVR BBB-

IVR A3
Stable

-
06.12.2019 JMV Polymer Ltd Long Term Bank Facilities of Rs. 14.84 Cr. IVR BB- Stable
06.12.2019 Gour Road Tar Coat Private Limited Long Term (Fund based) of Rs. 10.00 Cr.

Short Term (Non-Fund based) of Rs. 65.00 Cr.
IVR BBB-

IVR A3
Stable

-
06.12.2019 4S Spintex India Private Limited (4SSIPL) Long Term Bank Facilities (Fund based)of Rs. 16.17 Cr. IVR BB- Stable
06.12.2019 Amir Chand Jagdish Kumar (Exports) Limited Long Term Bank Facilities of Rs. 69.27 Cr.

Short Term Bank Facilities of Rs. 755.00 Cr.
IVR A-

IVR A2+
Stable

-
04.12.2019 Shiv Sabari Developers Long Term Loan (Fund based)of Rs. 170.00 Cr. IVR BBB- Stable
03.12.2019 Ritesh Tradefin Limited Long Term Bank Facilities of Rs. 13.00 Cr. IVR BB+ (Reaffirmed and Reclassified) Stable
03.12.2019 Bija Poultry Farming Private Limited Long Term Bank Facilities of Rs. 45.04 Cr. IVR BB Stable
02.12.2019 Jain Engineering Works Long Term Facility – Non Fund Based – Bank Guarantee of Rs. 15.00 Cr. IVR BB Stable
02.12.2019 Dakshin Budhakhali Improvement Society Long Term Facilities - Term Loan of Rs. 25.00 Cr. IVR BB (ISSUER NOT COOPERATING) Stable
30.11.2019 Ascent E- Digit Solutions Private Limited Long Term(Fund based) of Rs. 10.00 Cr. (Enhanced from 5.00)

Short term (Non-Fund Based) of Rs. 30.00 Cr. (Enhanced from 13.00)
IVR BBB-

IVR A3
Stable

-
30.11.2019 Vikram Nuvotech India Private Limited Long Term Facility - Fund Based – Term Loan of Rs. 87.00 Cr.

Long Term Facility – Fund Based – Cash Credit of Rs. 35.00 Cr.

Long Term Facility – Non Fund Based – Bank Guarantee of Rs. 6.25 Cr.

Short Term Facility - Letter of Credit of Rs. 3.00 Cr.
IVR D

IVR D

IVR D

IVR D
-

-

-

-
29.11.2019 KKSpun India Limited Long Term (Fund based)of Rs. 144.00 Cr.

Short term (Non-Fund Based) of Rs. 476.00 Cr.
IVR A-

IVR A2+
Stable

-
29.11.2019 Tuaman Engineering Limited Long Term/ Short Term Fund /Non fund Based Facilities of Rs. 220.00 Cr. (enhanced from 180.00) IVR A/IVR A1 Stable/-
28.11.2019 ARCL Organics Limited Long Term Bank Facilities of Rs. 6.00 Cr.

Short Term Bank Facilities of Rs. 10.25 Cr.
IVR BB+

IVR A4+
Stable

-
27.11.2019 Atal Realtech Private Limited Long Term Facility – Fund Based - Cash Credit of Rs. 11.00 Cr.

Short Term Facility – Non Fund Based - Bank Guarantee of Rs. 11.90 Cr.
IVR BB+

IVR A4+
Stable

-
27.11.2019 Baba Kailashpati Agro Processing Private Limited Long Term Bank Facilities of Rs. 17.18 Cr. IVR B Stable
27.11.2019 Kartick Chandra Agro Products Private Limited Long Term Bank Facilities of Rs. 11.66 Cr. IVR B Stable
27.11.2019 Mangalmoyee Maa Chandi Multipurpose Cold Storage Private Limited Long Term Bank Facilities of Rs. 10.56 Cr. IVR B Stable
27.11.2019 Royal Realtors Long Term Debt – Term Loan of Rs. 18.35 Cr. (present outstanding NIL) IVR BB+ (Withdrawn) Stable
27.11.2019 Vardhaman Salts Private Limited Long Term Bank Facilities- (Proposed)of Rs. 0.10 Cr.

Short Term Bank Facilities- (Proposed) of Rs. 7.90 Cr.
IVR BB

IVR A4+
Stable

-
26.11.2019 Ambience Hotel & Resorts Pvt Ltd. Long Term - Fund Based Facilities of Rs. 515.00 Cr.

Short Term - Fund Based Facility of Rs. 50.00 Cr.
IVR A- (CE)

IVR A2+ (CE)
Stable

-
25.11.2019 Tamra Dhatu Udyog Private Limited Long Term Bank Facilities – Term Loan of Rs. 33.84 Cr.

Long Term Bank Facilities – Cash Credit of Rs. 151.00 Cr.

Short Term Bank Facilities – Letter of Credit of Rs. 213.00 Cr.

Short Term Bank Facilities –Bank Guarantee of Rs. 50.00 Cr.
IVR BB (ISSUER NOT COOPERATING)
IVR BB (ISSUER NOT COOPERATING)
IVR A4 (ISSUER NOT COOPERATING)
IVR A4 (ISSUER NOT COOPERATING)
Negative

Negative

-

-
25.11.2019 Siddhant Vedant Cold Storage Pvt Ltd Long Term Bank Facilities of Rs. 15.74 Cr. IVR B+ Stable
25.11.2019 Ambience Commercial Developers Private Limited LRD Facilities of Rs. 1330.00 Cr. IVR A- Stable
21.11.2019 Uniseven Engineering & Infrastructure Private Limited Fund Based Facility - Cash Credit of Rs. 10.00 Cr.

Non-Fund Based Facility – Bank Guarantee of Rs. 30.00 Cr.
IVR BB

IVR BB/IVR A4
Stable

Stable/-
20.11.2019 Logan Minerals Private Limited Long/Short Term Bank Facilities of Rs. 3.00 Cr.

Short Term Bank Facilities of Rs. 25.00 Cr. (including proposed limit of Rs.6.40 crore)
IVR BBB-

IVR A3
Stable

-
18.11.2019 SISL Infotech Private Limited Long Term Bank Facilities of Rs. 10.00 Cr.

Short Term Bank Facilities of Rs. 50.00 Cr.
IVR BBB-

IVR A3
Stable

-
18.11.2019 Sree Subha Sales Long Term Facility – Fund Based – Overdraft of Rs. 5.00 Cr.

Long Term Facility – Non Fund Based – Bank Guarantee of Rs. 35.00 Cr.
IVR BBB

IVR BBB
Stable

Stable
18.11.2019 Santpuria Alloys Private Limited Long Term Fund Based Facilities- Term Loan of Rs. 2.00 Cr.

Long Term Fund Based Facilities- Cash Credit of Rs. 11.50 Cr.

Short Term Non Fund Based Bank Facilities – Bank Guarantee of Rs. 2.21 Cr.

Short Term Non Fund Bank Facilities – Letter of Credit of Rs. 6.00 Cr.

Proposed fund based / non fund based of Rs. 0.79 Cr.
IVR BBB (Reaffirmed)

IVR BBB (Reaffirmed)

IVR A3+ Plus (Reaffirmed)

IVR A3+ Plus (Reaffirmed)

IVR BBB (Reaffirmed)
Stable

Stable

-

-

Stable
18.11.2019 Mongia Steel Limited Long Term Fund Based Limits of Rs. 31.00 Cr.

Short Term Non-Fund Based Limits of Rs. 8.00 Cr.
IVR BBB+ (Reaffirmed)

IVR A2 (Reaffirmed)
Stable

-
18.11.2019 Mongia Steel Limited Long Term Fund Based Limits of Rs. 31.00 Cr.

Short Term Non-Fund Based Limits of Rs. 8.00 Cr.
IVR BBB+

IVR A2
Stable

-
15.11.2019 G-One Agro Products Limited Long Term Bank Facility – Cash Credit of Rs. 24.00 Cr.

Long Term Proposed Bank Facility – Proposed Term Loan of Rs. 3.00 Cr.

Short Term Non-Fund Based Facility – Letter of Credit of Rs. 50.00 Cr.

Short Term Non-Fund Based Facility – Credit Exposure Limits of Rs. 4.00 Cr.

Short Term Bank Facility – Bank Guarantee of Rs. 0.75 Cr.

Short Term Proposed Bank Facility of Rs. 92.00 Cr.
IVR BBB

IVR BBB

IVR A3+

IVR A3+

IVR A3+

IVR A3+
Stable

Stable

-

-

-

-
15.11.2019 Barota Finance Limited Long Term Fund Based – Cash Credit of Rs. 20.00 Cr.

Long Term Fund Based – Term Loan of Rs. 45.00 Cr.

Long Term Proposed Facility – Proposed Term Loan of Rs. 40.00 Cr.
IVR A- (CE)

IVR A- (CE)

IVR A- (CE)
Stable

Stable

Stable
14.11.2019 Ascent E- Digit Solutions Private Limited Long Term(Fund based) of Rs. 5.00 Cr.

Short term (Non-Fund Based) of Rs. 13.00 Cr.
IVR BBB-

IVR A3
Stable

-
13.11.2019 Rajeev Shantisarup Reniwal Long Term Facility – Fund Based – Cash Credit (interchangeable with Foreign/Inland Letter of Credit)of Rs. 30.00 Cr. IVR BB Stable
12.11.2019 Alankar Apartments Private Limited LRD Facilities of Rs. 973.00 Cr. IVR A- Stable
11.11.2019 Sparsh Hospitals and Critical Care Private Limited Long Term Bank Facilities – Term Loan of Rs. 2.29 Cr.

Long Term Bank Facilities – Cash Credit of Rs. 6.35 Cr.
IVR BB

IVR BB
Stable

Stable
09.11.2019 Apical Exim Private Limited Long Term Bank Facilities of Rs. 24.00 Cr. (including proposed limits of Rs.8.40 crore) IVR BBB- Stable
09.11.2019 Metalfab Hightech Private Limited Long Term Fund Based – Cash Credit of Rs. 33.50 Cr.

Long Term Fund Based – Term Loan of Rs. 9.92 Cr.

Short Term Non Fund Based –Letter of Credit of Rs. 22.90 Cr.

Short Term Non Fund Based –Bank Guarantee of Rs. 34.10 Cr.
IVR BB

IVR BB

IVR A4

IVR A4
Stable

Stable

-

-
08.11.2019 Salasar Dineshchandra Infraprojects Pvt. Ltd. Long Term Debt - Term Loan of Rs. 200.00 Cr. IVR AAA (CE) Stable
08.11.2019 Anvil Electricals Private Limited Long Term Facilities- Term Loan of Rs. 1.69 Cr. (reduced from Rs.2.08 crore)

Long Term Fund Based Facilities- Cash Credit of Rs. 22.92 Cr. (including proposed limit of Rs. 13.92 Cr)

Long Term Bank Facilities – Bank Guarantee of Rs. 4.00 Cr.

Short Term Bank Facilities – Letter of Credit of Rs. 4.00 Cr.
IVR BBB- (Reaffirmed)

IVR BBB- (Reaffirmed)


IVR BBB- (Reaffirmed)

IVR A3 (Reaffirmed)
Stable

Stable


Stable

-
07.11.2019 Sudharma Infratech Private Ltd Long Term (Fund based - CC) of Rs. 8.00 Cr.

Short Term (Non-Fund based - LC/BG) of Rs. 16.25 Cr.
IVR BBB-

IVR A3
Stable

-
06.11.2019 Ritesh Tradefin Limited Long Term Bank Facilities of Rs. 7.50 Cr.

Short Term Bank Facilities of Rs. 5.50 Cr.
IVR BB+

IVR A4+
Stable

-
06.11.2019 Greenworth Infrastructures Private Limited Long Term(Fund based) of Rs. 10.00 Cr.

Short term (Non-Fund Based)of Rs. 10.00 Cr.
IVR BB+

IVR A4+
Stable

-
04.11.2019 IDL Explosives Limited Fund Based Facilities- Cash Credit of Rs. 10.00 Cr.

Non-Fund Based Facilities- Bank Guarantee/Letter of Credit of Rs. 184.40 Cr.
IVR A

IVR A1
Stable

-
04.11.2019 Chandan Steel Limited Long Term Fund Based Limits of Rs. 7.00 Cr.

Long Term Debt - Term Loan of Rs. 47.10 Cr. (Reduced from 57.10)

Short Term Fund Based Facilities of Rs. 47.40 Cr.

Short Term Non-Fund Facilities of Rs. 280.00 Cr.
IVR BBB+ (Reaffirmed)

IVR BBB+ (Reaffirmed)

IVR A2 (Reaffirmed)

IVR A2 (Reaffirmed)
Stable

Stable

-

-
04.11.2019 GOCL Corporation Limited Fund Based Facilities- Cash Credit of Rs. 20.00 Cr. (Including Proposed Limit of 5 Crores)

Non Fund Based Facilities- Bank Guarantee of Rs. 85.00 Cr. (Including Proposed Limit of 29 Crores)

Letter Of Comfort of Rs. 689.41 Cr.
IVR A

IVR A1

IVR A
Stable

-

Stable
31.10.2019 Fusion Industries Limited Long Term Bank Facilities of Rs. 21.50 Cr.

Short Term Bank Facilities of Rs. 8.50 Cr.
IVR BB+

IVR A4+
Stable

-
30.10.2019 Nightingale Finvest Private Limited Long Term Bank Facilities -Term Loan of Rs. 101.65 Cr. (Enhanced from Rs. 25.00 crore) IVR BB+ Stable
30.10.2019 Indiabulls Real Estate Limited Term loan (Proposed) of Rs. 1000.00 Cr.

Commercial Paper of Rs. 1500.00 Cr.
IVR AA-

IVR A1+
Stable

-
29.10.2019 Mahalaxmi Continental Ltd Long Term Bank Facilities of Rs. 10.00 Cr.

Short Term Bank Facilities of Rs. 63.00 Cr.
IVR BB+

IVR A4+
Stable

-
29.10.2019 Siddhi Vinayak Himghar Pvt Ltd (SVHPL) Long Term Bank Facilities of Rs. 14.38 Cr.

Long Term Bank Facilities of Rs. 0.21 Cr.
IVR B

IVR A4
Stable

-
29.10.2019 Riddhi Siddhi Cold Storage Pvt Ltd Long Term Facilities- Seasonal Working Capital Loan of Rs. 13.42 Cr.

Long Term Facilities- Working Capital Loan of Rs. 1.50 Cr.

Long Term Facilities- Term Loan of Rs. 5.46 Cr. (reduced from 6.28)

Long Term Facilities- Bank Guarantee of Rs. 0.31 Cr.
IVR B (Reaffirmed)

IVR B (Reaffirmed)

IVR B (Reaffirmed)

IVR B (Reaffirmed)
Stable

Stable

Stable

Stable
29.10.2019 Rajaramsevak Multipurpose Cold Storage Pvt Ltd (RMCSPL) Long Term Facilities- Working Capital Loan of Rs. 0.96 Cr.

Long Term Facilities- Working Capital Demand Loan of Rs. 9.07 Cr.

Long Term Facilities- Term Loan of Rs. 1.09 Cr. (reduced from 2.24)

Long Term Facilities - Bank Guarantee of Rs. 0.20 Cr.
IVR B (Reaffirmed)

IVR B (Reaffirmed)

IVR B (Reaffirmed)

IVR B (Reaffirmed)
Stable

Stable

Stable

Stable
26.10.2019 Nightingale Finvest Private Limited Long Term Bank Facilities – Term Loan of Rs. 24.80 Cr.

Long Term Proposed Facilities – Proposed Term Loan of Rs. 0.20 Cr.
IVR BB+

IVR BB+
Stable

Stable
26.10.2019 Kinjal Civilcon LLP Long Term Facility – Fund Based – Cash Credit of Rs. 25.00 Cr.

Long Term Facility – Fund Based – Term Loan of Rs. 60.90 Cr.

Long Term Facility - Non-Fund Based – Bank Guarantee of Rs. 43.60 Cr.
IVR BB+

IVR BB+

IVR BB+
Stable

Stable

Stable
24.10.2019 Indo Farm Equipment Limited Long Term Facility of Rs. 120.00 Cr.

Short Term Facility of Rs. 35.20 Cr.
IVR A-

IVR A2+
Stable

-
24.10.2019 Mid India Creations LLP Term loan of Rs. 70.00 Cr.

Proposed Facility (Short Term) of Rs. 5.00 Cr.
IVR BBB-

IVR A3
Stable

-
18.10.2019 Bemco Sleepers Private Limited Long Term Facility – Fund Based – Cash Credit of Rs. 12.50 Cr.

Long Term Facility – Fund Based – Term Loan of Rs. 1.61 Cr.

Short Term Facility - Non- Fund Based – Bank Guarantee of Rs. 5.00 Cr.

Short Term Facility – Non Fund Based – Letter of Credit (Proposed) of Rs. 1.11 Cr.
IVR BB+

IVR BB+

IVR A4+

IVR A4+
Stable

Stable

-

-
18.10.2019 Utkarsh Sfatik Limited Long Term Bank Facilities – Term Loan of Rs. 260.00 Cr. IVR BBB Stable
17.10.2019 Purbanchal Lumbers Private Limited Long Term Fund Based Facility - Cash Credit of Rs. 3.15 Cr.

Short Term Fund Based Facility - LC of Rs. 35.00 Cr.
IVR BBB-

IVR A3
Stable

-
17.10.2019 Purbanchal Laminates Private Limited Long Term Fund Based Facility - Cash Credit of Rs. 7.75 Cr.

Long Term Fund Based Facility - Term Loan of Rs. 0.62 Cr.

Short Term Fund Based Facility - LC of Rs. 4.00 Cr.
IVR BBB-

IVR BBB-

IVR A3
Stable

Stable

-
17.10.2019 Purbanchal Composite Panel (India) Private Limited Long Term Fund Based Facility - Cash Credit of Rs. 5.00 Cr.

Long Term Fund Based Facility - Term Loan of Rs. 3.70 Cr.

Short Term Fund Based Facility - LC of Rs. 4.00 Cr.
IVR BBB-

IVR BBB-

IVR A3
Stable

Stable

-
17.10.2019 Landmark Veneers Private Limited Long Term Fund Based Facility - Cash Credit of Rs. 2.00 Cr.

Short Term Fund Based Facility - LC of Rs. 16.50 Cr.
IVR BBB-

IVR A3
Stable

-
17.10.2019 Amul Boards Private Limited Long Term Fund Based Facility - Cash Credit of Rs. 2.50 Cr.

Short Term Fund Based Facility - LC of Rs. 10.00 Cr.
IVR BBB-

IVR A3
Stable

-
16.10.2019 Ramnik Power & AlloysPvt. Ltd. Long Term (Fund based) of Rs. 12.00 Cr.

Short Term (Non-Fund based)of Rs. 1.00 Cr.
IVR BB+

IVR A4+
Stable

-
16.10.2019 T.R. Chemicals Ltd Long Term Facility – Fund Based - Cash Credit of Rs. 9.00 Cr.

Long Term Facility –Fund Based – Term Loan of Rs. 7.08 Cr.

Short Term Facility – Non Fund Based - Bank Guarantee/Letter of Credit of Rs. 1.00 Cr.
IVR B+

IVR B+

IVR A4
Stable

Stable

-
16.10.2019 Dhanvarsha Finvest Limited Proposed Term Loan of Rs. 50.00 Cr. IVR BBB- Stable
15.10.2019 Swastik Pipe Limited Long Term Fund Based Facilities - Cash Credit of Rs. 118.00 Cr.

Short Term Non-Fund Based Facilities – LC/BG of Rs. 70.00 Cr.

Long Term Debt – Term Loan of Rs. 12.00 Cr. (including proposed term loan of Rs.8.50 crore)
IVR BBB- (ISSUER NOT COOPERATING)
IVR A3 (ISSUER NOT COOPERATING)
IVR BBB- (ISSUER NOT COOPERATING)
Stable

-

Stable
14.10.2019 Agrawal Distilleries Private Limited Long Term Fund Based Facility - Term Loan of Rs. 39.90 Cr. ((including proposed limits of Rs. 36.00 crore)

Long Term Fund Based Facility - Cash Credit of Rs. 4.00 Cr.

Short Term Non-Fund Based- Bank Guarantee of Rs. 3.00 Cr.
IVR BBB-


IVR BBB-


IVR A3
Stable


Stable


-
12.10.2019 Cadchem Laboratories Limited Long Term Bank Facilities of Rs. 17.00 Cr.

Short Term Bank Facilities of Rs. 3.25 Cr.
IVR BB-

IVR A4
Stable

-
12.10.2019 Musaddilal Jewellers Private Limited Long Term Fund Based Limits – Cash Credit of Rs. 65.00 Cr. IVR D (ISSUER NOT COOPERATING) -
12.10.2019 Aditya Medisales Ltd. Proposed Commercial Paper of Rs. 500.00 Cr. (current o/s nil) Provisional IVR A1+ (CE) (Withdrawn) -
12.10.2019 MJ Pharmaceuticals Private Ltd. Commercial Paper of Rs. 750.00 Cr. (current o/s nil) IVR A1+ (CE) (Withdrawn) -
12.10.2019 Suraksha Asset Reconstruction Limited Commercial Paper of Rs. 600.00 Cr. (current o/s nil) IVR A1+ (CE) (Withdrawn) -
12.10.2019 Unimed Technologies Limited Commercial Paper of Rs. 500.00 Cr. (current o/s nil) IVR A1+ (CE) (Withdrawn) -
11.10.2019 Dhara Motor Finance Limited Long Term Bank Facilities of Rs. 60.00 Cr.

Fixed Deposit of Rs. 5.00 Cr.
IVR BBB

IVR FBBB
Stable

Stable
11.10.2019 Priyesh Investments Private Limited Proposed NCDs of Rs. 135.00 Cr. IVR B+ (Withdrawn) Stable
11.10.2019 GTN Textiles Limited Long Term Bank Facilities – Term Loan of Rs. 1.63 Cr.

Long Term Bank Facilities – Cash Credit of Rs. 21.60 Cr.

Short Term Bank Facilities – EPC/PCFC of Rs. 14.40 Cr.

Short Term Bank Facilities – Letter of credit/Bank Guarantee of Rs. 28.50 Cr.
IVR BB-

IVR BB-

IVR A4

IVR A4
Stable

Stable

-

-
10.10.2019 Nav Durga Fuel Private Limited Long Term Bank Facilities – Cash Credit of Rs. 55.00 Cr.

Short Term Bank Facilities – Bank Guarantee of Rs. 2.00 Cr.

Short Term Bank Facilities – Letter of Credit of Rs. 6.00 Cr.
IVR BBB

IVR A3+

IVR A3+
Stable

-

-
09.10.2019 MMR Construction Company Private Limited Long Term Bank Facilities of Rs. 5.00 Cr.

Short Term Bank Facilities of Rs. 30.00 Cr.
IVR BB

IVR A4
Stable

-
07.10.2019 Vyoman Tradelink India Pvt. Ltd Bank Loan Facility of Rs. 63.00 Cr. IVR BBB- Stable
07.10.2019 S. Pyarelal Ispat Private Limited Long Term Fund Based Facilities – Cash Credit of Rs. 14.00 Cr.

Long Term Debt - Term Loan of Rs. 3.27 Cr.
IVR BBB- (Reaffirmed)

IVR BBB- (Reaffirmed)
Stable

Stable
04.10.2019 Siddhi Vinayak Himghar Pvt Ltd (SVHPL) Issuer Rating IVR B[Is] Stable
04.10.2019 Sarna Chemicals Pvt Ltd. Fund Based Long Term – Term Loan of Rs. 4.06 Cr.

Fund Based Long Term – CC of Rs. 3.50 Cr.

Fund Based Short Term – EPC/PCFC of Rs. 9.50 Cr.

Non Fund Based Letter of Credit / Bank Guarantee of Rs. 5.00 Cr.
IVR BBB+

IVR BBB+

IVR A2

IVR A2
Stable

Stable

-

-
04.10.2019 Patel Engineering Ltd. Fund Based - CC of Rs. 1439.13 Cr.

Fund Based - Term Loan of Rs. 153.77 Cr.

Fund Based - OCD of Rs. 594.00 Cr.

Short Term; Fund Based(STL)of Rs. 64.10 Cr.

Short Term; Non Fund Based LC/BG of Rs. 4536.00 Cr.
IVR BBB

IVR BBB

IVR BBB

IVR A3+

IVR A3+
Positive

Positive

Positive

-

-
03.10.2019 Master Business Enterprises Long Term Fund Based Facilities - Cash Credit of Rs. 25.00 Cr.

Short Term Fund Based Facilities – Packing Credit of Rs. 12.00 Cr.
IVR BB

IVR A4
Stable

-
25.09.2019 TIL Limited Long Term Fund Based Facilities- Term Loan of Rs. 15.75 Cr.



Long Term Fund Based Facilities- Cash Credit of Rs. 145.00 Cr.



Long Term/Short Term Non-Fund Based Facilities – Bank Guarantee / Letter of Credit of Rs. 200.00 Cr.
IVR BBB+ (ISSUER NOT COOPERATING) (Withdrawn)

IVR BBB+ (ISSUER NOT COOPERATING) (Withdrawn)

IVR BBB+/IVR A2 (ISSUER NOT COOPERATING)(Withdrawn)
Stable



Stable



Stable/-
25.09.2019 Ankush Shikshan Sanstha Long Term Bank Facilities – Cash Credit of Rs. 19.00 Cr. IVR BB- Stable
20.09.2019 Dhunseri Ventures Limited Long Term Bank Facilities of Rs. 60.00 Cr.

Short Term Bank Facilities of Rs. 100.00 Cr.
IVR A+

IVR A1+ (Withdrawn)
Stable

-
20.09.2019 Tirupati Conductors Private Limited Long Term Fund Based Facilities- Cash Credit of Rs. 18.00 Cr. (including proposed limit of Rs.5.00 crore)

Short Term Fund Based Facilities- Bank Guarantee / Letter of Credit of Rs. 12.00 Cr. (including proposed limit of Rs.5.00 crore)
IVR BBB (Reaffirmed)


IVR A3+ (Reaffirmed)
Stable


-
20.09.2019 Premier Cables and Conductors Private Limited Long Term Fund Based Facilities- Cash Credit of Rs. 7.00 Cr.

Short Term Non-Fund Based Facilities- Bank Guarantee of Rs. 18.00 Cr.
IVR BBB (Reaffirmed)

IVR A3+ (Reaffirmed)
Stable

-
19.09.2019 Hindustan Coils Limited Long Term Bank Facilities – Cash Credit of Rs. 20.00 Cr.

Long Term Bank Facilities – Term Loan of Rs. 33.33 Cr.
IVR BBB+

IVR BBB+
Stable

Stable
19.09.2019 Devi Iron & Power Private Limited Long Term Bank Facilities – Cash Credit of Rs. 30.00 Cr. (including proposed limit of Rs.5.00 crore)

Long Term Bank Facilities – Term Loan of Rs. 5.40 Cr.

Short Term Bank Facilities – Overdraft of Rs. 15.00 Cr.
IVR BBB+

IVR BBB+

IVR A3+
Stable

Stable

-
19.09.2019 Agrawal Channel Mills Private Limited Long Term Bank Facilities – Cash Credit of Rs. 20.00 Cr.

Long Term Bank Facilities – Term Loan of Rs. 7.79 Cr.
IVR BBB+

IVR BBB+
Stable

Stable
18.09.2019 Sattva Engineering Construction Pvt. Ltd. Long Term Facility – Fund Based - Cash Credit of Rs. 17.00 Cr.

Long Term Facility – Non Fund Based – Bank Guarantee of Rs. 27.50 Cr.

(Proposed) Short Term Facility – Non Fund Based - Bank Guarantee of Rs. 0.50 Cr.
IVR BB+

IVR BB+


IVR A4+
Stable

Stable


-
18.09.2019 S. E. Power Limited Long Term Facility – Fund Based – Term Loan of Rs. 12.09 Cr.

Long Term Facility – Fund Based - Cash Credit of Rs. 4.00 Cr.

Short Term Facility – Non Fund Based – Bank Guarantee of Rs. 0.41 Cr.

(Proposed) Short Term Facility – Non Fund Based - Bank Guarantee of Rs. 0.50 Cr.
IVR BB

IVR BB

IVR A4


IVR A4
Stable

Stable

-


-
18.09.2019 Ispat India Long Term Fund Based Facilities- Cash Credit of Rs. 24.00 Cr. (Enhanced from Rs.18.00 crore)

Long Term Fund Based Facilities- Term Loan of Rs. 4.26 Cr. (reduced from 8.50)
IVR BBB+


IVR BBB+
Stable


Stable
17.09.2019 MM Industries Long Term Bank Facilities- Cash Credit of Rs. 4.00 Cr.

Short Term Bank Facilities-LC of Rs. 15.00 Cr.
IVR BB

IVR A4+
Stable

-
16.09.2019 Rama Udyog Private Limited Long Term Bank Facilities of Rs. 25.00 Cr. IVR BBB- Stable
16.09.2019 Rama Power & Steel Private Limited Long Term Bank Facilities of Rs. 20.00 Cr. IVR BBB- Stable
16.09.2019 RKSK Steel India Private Limited Long Term Bank Facilities of Rs. 25.00 Cr. IVR BBB- Stable
16.09.2019 Marda Industries Pvt Ltd Long Term Bank Facilities- Cash Credit of Rs. 1.35 Cr.

Long Term Bank Facilities-Term Loan of Rs. 11.50 Cr.
IVR B+

IVR B+
Stable

Stable
16.09.2019 Prafful Overseas Private Limited Long Term Fund Based Limits of Rs. 45.30 Cr.

Long Term Debt – Term Loan of Rs. 34.58 Cr.

Short Term Non- Fund Based Facilities of Rs. 76.50 Cr.
IVR BB+

IVR BB+

IVR A4+
Stable

Stable

-
13.09.2019 Altico Capital India Limited Non-Convertible Debentures (Proposed) of Rs. 1250.00 Cr. IVR D -
13.09.2019 Melzer Chemicals Private Limited Long Term Debt – Fund Based – Term Loan of Rs. 8.42 Cr.

Long Term Facility – Fund Based - Cash Credit of Rs. 13.75 Cr.

Short Term Facility – Non Fund Based - Bank Guarantee of Rs. 5.00 Cr.

(Proposed) Short Term Facility – Non Fund Based – Bank Guarantee of Rs. 0.06 Cr.
IVR BBB-

IVR BBB-

IVR A3


IVR A3
Stable

Stable

-


-
12.09.2019 MCGN Infra Private Limited Long Term Bank Facilities – (Proposed) of Rs. 70.00 Cr. IVR BBB Stable
12.09.2019 G.H. Raisoni Educational and Medical Foundation Long Term Bank Facilities – Cash Credit of Rs. 14.00 Cr. IVR BB Stable
11.09.2019 Vikram Nuvotech India Private Limited Long Term Facility – Fund Based – Term Loan of Rs. 87.00 Cr.

Long Term Facility – Fund Based - Cash Credit of Rs. 35.00 Cr.

Long Term Facility – Non Fund Based – Bank Guarantee of Rs. 6.25 Cr.

Short Term Facility – Non Fund Based – Letter of Credit of Rs. 3.00 Cr.
IVR BBB-

IVR BBB-

IVR BBB-


IVR A3
Stable

Stable

Stable


-
11.09.2019 Surya Processors Private Limited Long Term Fund Based Facility - Cash Credit of Rs. 79.12 Cr.

Long Term Fund Based Facility - Term Loan of Rs. 58.13 Cr.

Long Term Non-Fund Based Facility - Bank Guarantee of Rs. 0.75 Cr.

Short Term Non-Fund Based- Letter of Credit of Rs. 12.00 Cr.
IVR BBB-

IVR BBB-

IVR BBB-

IVR A3
Stable

Stable

Stable

-
09.09.2019 ArMee Infotech Private Limited Long Term Fund Based Limits of Rs. 7.00 Cr.

Short Term Non-Fund Based Facilities – LC of Rs. 1.00 Cr.

Proposed Short Term Non-Fund Based Facilities – BG of Rs. 10.00 Cr.
IVR BBB-

IVR A3

IVR A3
Stable

-

-
09.09.2019 Fabworth Promoters Pvt Ltd Long Term Facilities -Cash Credit of Rs. 25.00 Cr.

Long Term Facilities-Term Loan of Rs. 535.00 Cr.

Long Term Facilities -BG of Rs. 5.00 Cr.
IVR BBB

IVR BBB

IVR BBB
Stable

Stable

Stable
09.09.2019 Ambience Developers and Infrastructure Private Limited Bank Facilities- Long Term of Rs. 1470.00 Cr.

Bank Facilities- Short Term of Rs. 15.00 Cr.
IVR A-

IVR A2+
Stable

-
07.09.2019 Sri Anagha Refineries Private Limited Long Term Facility - Term Loans of Rs. 1.58 Cr.

Long Term Facility - Cash Credit of Rs. 14.00 Cr.

Short Term Facility - Letter of Credit of Rs. 134.42 Cr.
IVR BBB-


IVR BBB-


IVR A3
Stable


Stable


-
05.09.2019 Arunachal Timber Traders Private Limited Long Term Bank Facilities – Cash Credit of Rs. 4.50 Cr.

Short Term Bank Facilities – Foreign Letter of Credit of Rs. 6.50 Cr.
IVR BB

IVR A4
Stable

-
05.09.2019 Subhlakshmi Finance Private Limited (SFPL) Long Term Fund Based Limits – Term Loan of Rs. 100.00 Cr. IVR BBB- Stable
04.09.2019 Vijay Suraksha Realty L.L.P Long Term Fund Based Limits – Term Loan of Rs. 490.00 Cr.

Long Term Fund Based Limits – Overdraft of Rs. 60.00 Cr.
IVR BBB-

IVR BBB-
Stable

Stable
04.09.2019 Taneja Aerospace and Aviation Limited Long Term Fund Based Limits of Rs. 9.70 Cr. (including proposed limit of Rs.2.80 crore)

Long Term Debt – Term Loan of Rs. 23.11 Cr.

Short Term Non- Fund Based Facilities of Rs. 12.19 Cr.
IVR BB-


IVR BB-

IVR A4
Stable


Stable

-
04.09.2019 MFAR Constructions Pvt Ltd. Fund Based Long Term – Cash Credit of Rs. 72.00 Cr.

Non Fund Based Long Term - Bank Guarantee of Rs. 41.00 Cr.

Non Fund Based Short Term – BG/LC of Rs. 83.00 Cr.
IVR BBB

IVR BBB

IVR A3+
Stable

Stable

-
03.09.2019 MB Sponge and Power Limited Long Term Bank Facilities of Rs. 11.20 Cr.

Short Term Bank Facilities of Rs. 6.10 Cr.
IVR BB+

IVR A4+
Positive

-
03.09.2019 Ramkrishna Cotspin Private Limited Bank Facilities- Long Term of Rs. 61.25 Cr.

Bank Facilities- Short Term of Rs. 3.75 Cr.
IVR BBB-

IVR A3
Stable

-
03.09.2019 AP Securitas Private Limited Long Term Fund Based Facilities of Rs. 34.00 Cr. (enhanced from Rs.29.00 crore)

Short Term Fund Based Facilities of Rs. 15.00 Cr. (enhanced from Rs.10.00 crore)

Short Term Non-Fund Based Facilities of Rs. 11.00 Cr. (enhanced from Rs.6.00 crore)
IVR BBB (Reaffirmed)


IVR A3+ (Reaffirmed)


IVR BBB (Reaffirmed)
Stable


-


Stable
02.09.2019 Khadim India Ltd. Commercial Paper of Rs. 30.00 Cr. (Earmarked out of current tied-up fund based working capital limits) IVR A1+ Stable
30.08.2019 K.D. Liquor & Fertilizer Private Limite Long Term Bank Facilities of Rs. 23.50 Cr. (Including proposed limits of Rs.0.69 crore)

Short Term Bank Facilities of Rs. 1.50 Cr.
IVR BBB-

IVR A3
Stable

-
29.08.2019 IFGL Refractories Limited Term Loan of Rs. 40.00 Cr. (present o/s NIL) IVR AA (Withdrawn) Stable
29.08.2019 Patel Agri Industries Pvt Ltd Long Term Facilities - Cash Credit of Rs. 30.00 Cr.

Long Term Facilities -Term Loan of Rs. 18.00 Cr.
IVR BBB-

IVR BBB-
Stable

Stable
29.08.2019 Amba Shakti Industries Limited Bank Facilities- Long Term of Rs. 64.00 Cr.

Bank Facilities- Short Term of Rs. 15.00 Cr.
IVR BBB-

IVR A3
Stable

-
28.08.2019 Syntex Trading & Agency Pvt. Ltd. (STAPL) Long Term – Fund Based (Term Loan) of Rs. 463.29 Cr. IVR A (SO) Stable
28.08.2019 Artech Realtors Private Limited Long Term Bank Facilities – Cash Credit of Rs. 10.00 Cr.

Long Term Bank Facilities – Term Loan of Rs. 70.50 Cr.

Long Term Bank Facilities – Proposed of Rs. 19.50 Cr.
IVR BBB-

IVR BBB-

IVR BBB-
Stable

Stable

Stable
22.08.2019 Rajasthan Liquors Limited Long Term Facilities– Cash Credit of Rs. 90.00 Cr.

Long Term Facilities – Term Loan of Rs. 25.00 Cr.

Short Term Facilities- Bank Guarantee of Rs. 0.50 Cr.
IVR A-

IVR A-

IVR A2+
Stable

Stable

-
22.08.2019 Tera Software Ltd. Long Term – Cash Credit of Rs. 43.00 Cr.

Long Term – Bank Guarantee of Rs. 133.13 Cr.
IVR BBB-

IVR BBB-
Stable

Stable
22.08.2019 GS Auto International Ltd Long Term Bank Facilities of Rs. 51.25 Cr.(Including proposed limits of Rs.24 crore)

Short Term Bank Facilities of Rs. 11.50 Cr. (Including proposed limits of Rs.6 crore)
IVR B+


IVR A4
Stable


-
20.08.2019 Nupur Finvest Private Ltd Fund Based Facilities – Cash Credit of Rs. 100.00 Cr. (including proposed cash credit of Rs.25 crore)

Fund Based Facilities – Term Loans of Rs. 150.00 Cr. (including proposed term loans of Rs.78.61 crore)
IVR A (SO)


IVR A (SO)
Positive Outlook


Positive Outlook
20.08.2019 Eastern Logica Infoway Limited Long Term Fund Based Facilities- Cash Credit of Rs. 35.00 Cr. IVR BBB-(Withdrawn)(downgraded from IVR BBB) (ISSUER NOT COOPERATING) -
13.08.2019 Rajaramsevak Multipurpose Cold Storage Pvt Ltd (RMCSPL) Long Term Facilities- Working Capital Loan of Rs. 0.96 Cr.

Long Term Facilities- Working Capital Demand Loan of Rs. 9.07 Cr.

Long Term Facilities- Term Loan of Rs. 2.24 Cr.

Long Term Facilities - Bank Guarantee of Rs. 0.20 Cr.
IVR B

IVR B

IVR B

IVR B
Stable

Stable

Stable

Stable
12.08.2019 Kalpataruvu Spinning Mills Ltd Long Term Bank Facilities- Cash Credit of Rs. 30.00 Cr.

Long Term Bank Facilities-Term Loan of Rs. 18.45 Cr.

Long Term Bank Facilities- Cash Credit-Proposed of Rs. 1.55 Cr.
IVR BB+

IVR BB+

IVR BB+ (Withdrawn)
Stable

Stable

Stable
12.08.2019 BCL Industries Limited Bank Facilities- Long Term of Rs. 155.00 Cr.

Bank Facilities- Short Term of Rs. 25.00 Cr.

Fixed Deposit (FD) of Rs. 0.60 Cr.
IVR A-

IVR A2+

IVR FA-
Stable

-

Stable
12.08.2019 N.E. Agency Long Term Fund based facilities- Cash Credit of Rs. 5.00 Cr.

Long Term / Short Term bank facilities (Proposed) of Rs. 21.00 Cr.
IVR BB- (ISSUER NOT COOPERATING)
IVR BB- (ISSUER NOT COOPERATING)
Stable

Stable
08.08.2019 Bihar Foundry and Castings Ltd Long Term Facilities -Cash Credit of Rs. 53.98 Cr.

Long Term Facilities -Term Loan of Rs. 61.36 Cr.

Short Term Bank Facilities of Rs. 24.55 Cr. (Including proposed limits of Rs.20.55 crore)
IVR BB-

IVR BB-

IVR A4
Stable

Stable

-
08.08.2019 Rushil Decor Limited Long Term Bank Facilities – Term Loan of Rs. 159.78 Cr.

Long Term Bank Facilities – Cash Credit of Rs. 57.00 Cr.

Short Term Bank Facilities – Letter of Credit/Bank Guarantee of Rs. 33.00 Cr.
IVR BBB+

IVR BBB+

IVR A2
Stable

Stable

-
08.08.2019 Curo India Private Limited Bank Facilities- Long Term of Rs. 12.50 Cr. IVR BB- Stable
06.08.2019 Hillman Hosiery Mills Private Limited Long Term Fund based facilities- Cash Credit of Rs. 13.90 Cr. (including proposed incremental limits of Rs.0.15 Cr)

Long Term Fund based facilities- Cash Credit of Rs. 1.10 Cr.
IVR BB+ (ISSUER NOT COOPERATING)

IVR BB+ (ISSUER NOT COOPERATING)
Stable


Stable
06.08.2019 Suraksha Realty Ltd Commercial Paper of Rs. 650.00 Cr. (current o/s nil)


Commercial Paper of Rs. 500.00 Cr. (current o/s nil)
IVR A1+ (SO) (Withdrawn)

IVR A1+ (SO) (Withdrawn)
-


-
05.08.2019 Ispat India Long Term Fund Based Facilities- Cash Credit of Rs. 18.00 Cr.

Long Term Fund Based Facilities- Term Loan of Rs. 4.26 Cr. (reduced from 8.50)
IVR BBB+

IVR BBB+
Stable

Stable
05.08.2019 Anand Carbo Private Limited Long Term Bank Facilities – Cash Credit of Rs. 18.00 Cr.

Short Term Bank Facilities – Bank Guarantee of Rs. 5.00 Cr.

Short Term Bank Facilities – Letter of Credit of Rs. 54.00 Cr.
IVR BBB+

IVR A3+

IVR A3+
Stable

-

-
01.08.2019 Fortune Group Long Term Facilities -Cash Credit of Rs. 9.00 Cr.

Short Term Bank Facilities - Bank Guarantee of Rs. 17.00 Cr.
IVR BBB-

IVR A3
Stable

-
01.08.2019 Goa Industrial Development Corporation Long Term Debt – Term Loan of Rs. 142.68 Cr.

Proposed Long Term Debt – Term Loan of Rs. 57.32 Cr.
IVR A+ (SO)

IVR A+ (SO)
Stable

Stable
31.07.2019 Purulia Metal Casting Pvt Ltd (PMCPL) Long Term Bank Facilities of Rs. 66.05 Cr. (enhanced from Rs.50.00 crore)

Short Term Bank Facilities of Rs. 6.00 Cr. (present o/s Nil)
IVR BB+ (Reaffirmed)


IVR A4+ (Withdrawn)
Positive Outlook


-
31.07.2019 Impact Sare Magnum Townships Private Limited Long Term Bank Facilities – Cash Credit of Rs. 20.00 Cr.

Short Term Bank Facilities – Bank Guarantee of Rs. 2.50 Cr.
IVR BB+

IVR A4
Stable

-
29.07.2019 Stark Ridge Paper Private Limited Long Term Bank Facilities of Rs. 35.00 Cr. IVR BB- Stable
25.07.2019 Vikas Multicorp Limited Bank Facilities- Long Term of Rs. 40.00 Cr.

Bank Facilities- Short Term of Rs. 14.70 Cr.
IVR BBB

IVR A3+
Stable

-
23.07.2019 Advanced Computers and Mobiles India Private Limited Long Term Fund Based Limits of Rs. 125.50 Cr. (including proposed limit of Rs.29.50 crore)
Long Term Debt – Term Loan of Rs. 46.00 Cr.

Short Term Fund Based Facilities of Rs. 18.50 Cr.

Short Term Non-Fund Based Facilities of Rs. 10.00 Cr.
IVR BBB-

IVR BBB-

IVR A3

IVR A3
Stable

Stable

-

-
22.07.2019 Kalpataruvu Spinning Mills Ltd Long Term Bank Facilities- Cash Credit of Rs. 31.55 Cr. (Including proposed limits of Rs.1.55 crore)
Long Term Bank Facilities-Term Loan of Rs. 18.45 Cr.
IVR BB+

IVR BB+
Stable

Stable
22.07.2019 Kukadi Sahakari Sakhar Karkhana Ltd (KSSKL) Long Term Fund Based Limits - Term Loan of Rs. 66.13 Cr. (enhanced from Rs. 48.33 crore) IVR B Stable
22.07.2019 Seagull Maritime Agencies Private Limited Long Term Fund Based Limits - Cash Credit of Rs. 35.00 Cr. (including proposed limits of Rs. 20.00 crore) IVR BBB- Rating Under watch with developing implication
22.07.2019 Alstrong Enterprises India Pvt. Ltd. Long Term Fund Based Limits - Cash Credit of Rs. 100.00 Cr. (including proposed limits of Rs. 50.00 crore)

Short Term Non-Fund Based Facilities - LC/BG/Buyer’s Credit/Credit Exposure Limit of Rs. 50.00 Cr. (including proposed limits of Rs. 1.00 crore)
IVR BBB


IVR A3+
Rating Under watch with developing implication
Rating Under watch with developing implication
19.07.2019 S. S. Fabricators and Manufacturers Long Term Fund Based – Cash Credit of Rs. 10.00 Cr.

Short Term Non Fund Based – Letter of Credit of Rs. 5.00 Cr.

Short Term Non Fund Based – Bank Guarantees of Rs. 15.00 Cr.
IVR BBB-

IVR A3

IVR A3
Stable

-

-
19.07.2019 Fabrimax Engineering Pvt Ltd Long Term Fund Based – Cash Credit of Rs. 9.25 Cr.

Short Term Non Fund Based – Letter of Credit of Rs. 5.00 Cr.

Short Term Non Fund Based – Bank Guarantee of Rs. 8.00 Cr.
IVR BBB-

IVR A3

IVR A3
Stable

-

-
18.07.2019 Enn Enn Fincap India Pvt. Ltd Long Term Loans of Rs. 15.00 Cr.

Proposed Rs. 85.00 Cr.
IVR BBB+(SO)

IVR BBB+(SO)
Stable

Stable
15.07.2019 Radiant Life Care Pvt. Ltd Non-Convertible Debentures of Rs. 55.00 Cr.

Long Term Loansof Rs. 65.00 Cr.
IVR A- (Reaffirmed)

IVR A- (Reaffirmed)
Stable

Stable
15.07.2019 Enn Enn Corp Limited Long Term Fund Based Limits of Rs. 200.00 Cr. IVR BBB+ Stable
15.07.2019 G.S. Express Private Limited Long Term Bank Facilities – Cash Credit of Rs. 50.00 Cr. (including proposed limit of Rs.5.00 crores)

Short Term Bank Facilities – Bank Guarantee of Rs. 100.00 Cr. (including proposed limit of Rs.20.00 crore)
IVR BB


IVR A4
Stable


-
12.07.2019 Amar Infrastructure Ltd Long Term Facilities -Cash Credit of Rs. 25.00 Cr.

Short Term Bank Facilities- Bank Guarantee of Rs. 122.00 Cr.
IVR BBB

IVR A3+
Positive Outlook

-
09.07.2019 Wudtools Fund Based Facilities- Cash Credit of Rs. 12.00 Cr. IVR BB+ Stable
09.07.2019 Srinivas Infrastructure Pvt. Ltd Long Term – Cash Credit of Rs. 7.00 Cr.

Short Term – Bank Guarantee of Rs. 10.00 Cr.
IVR BBB-

IVR A3
Stable

-
09.07.2019 Tamra Dhatu Udyog Private Limited Long Term Bank Facilities – Term Loan of Rs. 33.84 Cr.

Long Term Bank Facilities – Cash Credit of Rs. 151.00 Cr.

Short Term Bank Facilities – Letter of Credit of Rs. 213.00 Cr.

Short Term Bank Facilities –Bank Guarantee of Rs. 50.00 Cr.
IVR BBB+

IVR BBB+

IVR A2

IVR A2
Stable

Stable

-

-
09.07.2019 Lekcon Infrastructure Private Limited Long Term Bank Facilities – Cash Credit of Rs. 24.00 Cr.

Short Term Bank Facilities – Bank Guarantee of Rs. 91.00 Cr.
IVR BBB

IVR A3+
Positive Outlook

-
08.07.2019 Kukadi Sahakari Sakhar Karkhana Ltd (KSSKL) Long Term Fund Based Limits- Term Loan of Rs. 48.33 Cr. IVR B Stable
05.07.2019 Bharatpur Electricity Services Ltd Long Term Non-Fund Based Facilities- Bank Guarantee of Rs. 47.50 Cr. (enhanced from 42.50)

Short Term Fund Based Facilities- Overdraft of Rs. 40.00 Cr.
IVR BBB+ (Reaffirmed)


IVR A2 (Reaffirmed)
Stable

-
05.07.2019 Bikaner Electricity Supply Ltd Long Term Non-Fund Based Facilities- Bank Guarantee of Rs. 130.00 Cr. (enhanced from 102)

Short Term Fund Based Facilities- Overdraft of Rs. 100.00 Cr.
IVR BBB + (Reaffirmed)


IVR A2 (Reaffirmed)
Stable

-
05.07.2019 Kota Electricity Distribution Ltd Long Term Non-Fund Based Facilities- Bank Guarantee of Rs. 219.50 Cr. (enhanced from 133)

Long Term Fund Based Facilities-Term Loan of Rs. 70.31 Cr.

Short Term Fund Based Facilities- Overdraft of Rs. 100.00 Cr.
IVR BBB+ (Reaffirmed)


IVR BBB+ (Reaffirmed)

IVR A2 (Reaffirmed)
Stable

Stable

-
05.07.2019 Paisalo Digital Ltd Fund Based Facilities of Rs. 990.00 Cr. IVR A (reaffirmed) Positive Outlook
03.07.2019 Balajee Ispat Udyog Long Term Bank Facilities – Cash Credit (Proposed) of Rs. 15.00 Cr. IVR BB Stable
03.07.2019 Cabcon India Ltd (CIL) Long Term Bank Facilities- Cash Credit of Rs. 90.00 Cr.

Short Term Bank Facilities- ILC/FLC of Rs. 40 Cr.

Short Term Bank Facilities- BG of Rs. 202.00 Cr.
IVR A-

IVR A2+

IVR A2+
Stable

-

-
01.07.2019 Lahari Laminates Private Limited Long Term Fund based facilities- Cash Credit of Rs. 20.00 Cr. IVR BB+ (ISSUER NOT COOPERATING) Stable
01.07.2019 Suncity Strips & Tubes Private Limited Long Term Fund Based Limits of Rs. 24.50 Cr.

Short Term Non-Fund Based Facilities of Rs. 45.00 Cr.

Proposed Short Term Bank Facilities of Rs. 0.50 Cr.
IVR A-

IVR A2+

IVR A2+
Stable

-

-
28.06.2019 Riddhi Siddhi Cold Storage Pvt Ltd (RSCSPL) Long Term Facilities - Seasonal Working Capital Loan of Rs. 13.42 Cr.

BLong Term Facilities - Working Capital Loan of Rs. 1.50 Cr.

Long Term Facilities- Term Loan of Rs. 6.28 Cr.

Long Term Facilities- Bank Guarantee of Rs. 0.31 Cr.
IVR B

IVR B

IVR B

IVR B
Stable

Stable

Stable

Stable
27.06.2019 Giga Pipes Systems India LLP Bank Facilities- Long Term of Rs. 10.00 Cr.

Bank Facilities- Short Term of Rs. 30.00 Cr.
IVR A-(SO)

IVR A2+(SO)
Stable

-
25.06.2019 GMR Infra Services Limited Non-Convertible Debenture (NCD) of Rs. 700.00 Cr. IVR BBB- (SO) Stable
24.06.2019 Fastbuild Blocks Private Limited Long Term Bank Facilities of Rs. 16.68 Cr. IVR BB Stable
24.06.2019 Kandhan Knitss Packing Credit of Rs. 10.00 Cr.

Short term facilities- Bill Discounting of Rs. 7.00 Cr.

Proposed Long term facilities of Rs. 1.00 Cr.
IVR B

IVR A4

IVR B
Stable

-

Stable
21.06.2019 Scientific Security Management Services Pvt. Ltd Long Term – Fund Based (Term Loan) of Rs. 3.00 Cr.

Long Term – Fund Based (Cash Credit) of Rs. 16.00 Cr.

Long Term – Non Fund Based (Bank Guarantee)of Rs. 4.00 Cr.

Short Term – Fund Based (Sales Invoice Discounting) of Rs. 5.00 Cr.
IVR BBB (SO)

IVR BBB (SO)

IVR BBB (SO)

IVR A3+ (SO)
Stable

Stable

Stable

-
21.06.2019 Master (India) Brewing Company Long Term Bank Facilities of Rs. 16.11 Cr. IVR B+ Stable
21.06.2019 Altico Capital India Ltd. Non-Convertible Debentures (Proposed) of Rs. 1250.00 Cr. IVR AA Stable
20.06.2019 Supreet Chemicals Pvt. Ltd Long Term - Fund Based Limits of Rs. 4.00 Cr.

Short Term - Fund Based Limits of Rs. 10.00 Cr.

Non-Fund Based Facilities of Rs. 11.00 Cr.
IVR BB+

IVR A4+

IVR A4+
Stable

-

-
20.06.2019 Suncity Sheets Private Limited Long Term Fund Based Limits of Rs. 29.00 Cr.

Long Term Debt - Term Loan of Rs. 17.69 Cr.

Short Term Non-Fund Based Facilities of Rs. 33.00 Cr.
IVR A-

IVR A-

IVR A2+
Stable

Stable

-
20.06.2019 GMR Aviation Private Limited Long Term Debt – Term Loan of Rs. 40.07 Cr. IVR BBB- (SO) Stable
20.06.2019 Alpine Distilleries Private Limited Long-Term Debt- Term Loan of Rs. 70.65 Cr.

Long Term Fund based facilities- Cash Credit of Rs. 27.35 Cr. (including proposed limits of Rs.4.98 crores)

Long Term Fund based facilities- Bank Guarantee of Rs. 0.95 Cr.
IVR BB (Downgraded)

IVR BB (Downgraded)

IVR A4 (Downgraded)
Stable

Stable

-
19.06.2019 Trimurthi Exports Proposed Long term bank facility of Rs. 2.00 Cr.

Short Term Fund Based Limits of Rs. 8.00 Cr.
IVR BB

IVR A4
Stable

-
18.06.2019 Sahara Housingfina Corporation Limited Non-Convertible Debenture of Rs. 30.00 Cr. IVR BB- Stable
14.06.2019 Sunstream City Private Limited Non-Convertible Debentures (NCD) (Zero Coupon Bonds) of Rs. 817.90 Cr. (present outstanding) IVR B- (ISSUER NOT COOPERATING) Negative Outlook
12.06.2019 SDB Developers Private Limited Long Term Bank Facilities of Rs. 87.60 Cr. IVR D -
10.06.2019 Saraf Trexim Limited Short Term Bank Facilities –Packing Credit of Rs. 46.00 Cr.

Short Term Bank Facilities – Bill Discounting of Rs. 4.50 cr.
IVR A4+

IVR A4+
-

-
06.06.2019 MDA Mineral Dhatu (AP) Pvt Ltd Long Term Facilities -Cash Credit of Rs. 7.50 Cr. IVR BB+ Stable
04.06.2019 Manpasand Beverages Limited Proposed Long Term Fund Based Limits of Rs. 100.00 Cr.

Proposed Long Term Debt – Term Loan of Rs. 150.00 Cr.
IVR A- (Withdrawn)

IVR A- (Withdrawn)
Stable

Stable
29.05.2019 Electrosteel Castings Limited Outstanding Non-Convertible Debentures (NCD) - Series VI of Rs. 27.00 Cr. (present o/s Nil) IVR A (Withdrawn) Stable
27.05.2019 Sanskar Agro Processors Pvt. Ltd. Long Term Fund Based Limits of Rs. 23.50 Cr.

Long Term Loans of Rs. 15.64 Cr.

Long Term Non - Fund Based Facilities of Rs. 1.50 Cr.
IVR BBB-

IVR BBB-

IVR BBB-
Stable

Stable

Stable
23.05.2019 Glocal Healthcare Systems Private Limited Long-Term Debt- Term Loan of Rs. 30.00 Cr.


Long Term Fund based facilities- Cash Credit of Rs. 5.00 Cr.


Long Term Fund based facilities- Bank Guarantee of Rs. 5.00 Cr.
IVR B+ (ISSUER NOT COOPERATING)

IVR B+ (ISSUER NOT COOPERATING)

IVR B+ (ISSUER NOT COOPERATING)
Stable


Stable


Stable
23.05.2019 Imperial Granites Pvt Ltd (IGPL) Long Term Facilities -Cash Credit of Rs. 9.00 Cr.

Short Term Facilities - Export Packing Credit of Rs. 5.00 Cr.
IVR BB

IVR A4
Stable

-
23.05.2019 Wudtools Fund based facilities- Cash Credit of Rs. 12.00 Cr. IVR BB- (ISSUER NOT COOPERATING) Stable
21.05.2019 Bhatia Trading Company Bank Facilities- Long Term of Rs. 6.00 Cr. IVR BB- Stable
21.05.2019 Topline Commodities Pvt Ltd (TCPL) Long Term Fund Based Facilities- Term Loan of Rs. 37.40 Cr.

Long Term Fund Based Facilities- Cash Credit of Rs. 21.00 Cr.

Short Term Non Fund Based Facilities- BG of Rs. 1.67 Cr.
IVR BB-

IVR BB-

IVR A4
Stable

Stable

-
21.05.2019 Param Enterprises Private Limited Long Term Bank Facilities of Rs. 25.00 Cr.

Long Term/Short Term Bank Facilities of Rs. 58.00 Cr.

Short Term Bank Facilities of Rs. 12.00 Cr. (Including proposed limits of 12.00 crores)
IVR A-

IVR A-

IVR A2+
Stable

Stable

-
20.05.2019 Manpasand Beverages Limited Proposed Long Term Fund Based Limits of Rs. 100.00 Cr.

Proposed Long Term Debt – Term Loan of Rs. 150.00 Cr.
IVR A-

IVR A-
Stable

Stable
17.05.2019 Clininvent Research Pvt Limited Long Term Facilities- Term Loan of Rs. 54.00 Cr.


Long Term Fund Based Facilities- Cash Credit of Rs. 7.00 Cr.


Long Term Non Fund Based Facilities- Derivative Contract of Rs. 2.00 Cr.


Short Term Non Fund Based Facilities- Letter of Credit of Rs. 7.00 Cr.
IVR A-(SO) (ISSUER NOT COOPERATING)

IVR A-(SO) (ISSUER NOT COOPERATING)

IVR A-(SO) (ISSUER NOT COOPERATING)

IVR A2+(SO) (ISSUER NOT COOPERATING)
Stable


Stable


Stable


-
17.05.2019 Turtle Limited Long Term Fund Based Facilities- Cash Credit of Rs. 45.00 Cr. ((reduced from Rs.58.80 crore)

Short Term Fund Based Facilities- Standby Line of Credit of Rs. 3.00 Cr.

Short Term Non Fund Based Facilities- Letter of Credit of Rs. 3.00 Cr.

Short Term Non Fund Based Facilities- Credit Exposure Limit of Rs. 0.20 Cr.
IVR BBB


IVR A3+


IVR A3+


IVR A3+
Stable


-


-


-
15.05.2019 Chemtrade Overseas Private Limited Long Term Fund Based Limites of Rs. 5.00 Cr.

Short Term Non-Fund Based Limits of Rs. 20.00 Cr.
IVR BB+

IVR A4+
Positive

-
14.05.2019 Rungta Projects Limited Long Term Bank Facilities – Term Loan Rs. 3.00 Cr.

Long Term Bank Facilities – Cash Credit of Rs. 42.50 Cr.

Short Term Bank Facilities – Bank Guarantee of Rs. 9.50 Cr.
IVR BB-

IVR BB-

IVR A4
Stable

Stable

-
13.05.2019 Baliraja Sakhar Karkhana Limited (BSKL) Long term facility- Term of Loan Rs. 85.00 Cr. IVR B+ Stable
13.05.2019 Del Trade International Private Limited Bank Facilities- Long Term of Rs. 15.00 Cr.

Bank Facilities- Short Term of Rs. 35.00 Cr.
IVR BBB-

IVR A3
Stable

-
13.05.2019 Roto Pumps Limited Bank Facilities- Long Term of Rs. 30.00 Cr.

Bank Facilities- Short Term of Rs. 10.00 Cr.
IVR A-

IVR A2+
Stable

-
11.05.2019 Varsha Construction (VC) Long Term Fund Based Facility – Overdraft / Cash Credit of Rs. 7.00 Cr.
Long Term / Short Term Non-Fund Based Facility – Bank Guarantee of Rs. 8.00 Cr.
IVR BB+

IVR BB+/IVR A4+
Stable

Stable
10.05.2019 Universal Knitwears Bank Facilities- Long Term of Rs. 8.00 Cr.

Bank Facilities- Short Term of Rs. 10.50 Cr.
IVR BB+

IVR A4+
Stable

-
09.05.2019 Ario Infrastructure Private Limited Long Term Fund Based Limits of Rs. 10.00 Cr.

Long Term/Short Term Non-Fund Based Limits of Rs. 18.00 Cr.
IVR B+

IVR B+/IVR A4
Stable

Stable
08.05.2019 Vikram India Limited Long-Term Debt- Term Loan of Rs. 2.46 Cr.


Long Term Fund based facilities- Cash Credit of Rs. 30.00 Cr.


Short Term Non Fund based facilities- PC/PCFC of Rs. 11.00 Cr.


Short Term Non Fund based facilities- Letter of Credit of Rs. 17.00 Cr.
IVR BBB- (ISSUER NOT COOPERATING)

IVR BBB- (ISSUER NOT COOPERATING)

IVR A3 (ISSUER NOT COOPERATING)

IVR A3 (ISSUER NOT COOPERATING)
Stable


Stable


-


-
08.05.2019 Vinni Chemicals Private Limited Long Term Fund Based Limits of Rs. 8.37 Cr. IVR BB Stable
08.05.2019 Harman Finochem Limited Long Term Fund Based Limits of Rs. 50.00 Cr.

Short Term Non-Fund Based Facilities of Rs. 10.00 Cr.
IVR A-

IVR A2+
Stable

-
07.05.2019 Autolite (India) Limited Long Term Bank Facilities – Term Loan of Rs. 2.00 Cr.

Long Term Bank Facilities – Cash Credit of Rs. 7.00 Cr.

Short Term Bank Facilities – Packing Credit of Rs. 6.00 Cr.

Short Term Bank Facilities – Foreign Bill Discounting of Rs. 2.50 Cr.

Short Term Bank Facilities – Letter of Credit of Rs. 2.50 Cr.

Short Term Bank Facilities – Bank Guarantee of Rs. 1.00 Cr.
IVR BB+

IVR BB+

IVR A4+

IVR A4+

IVR A4+

IVR A4+
Stable

Stable

-

-

-

-
06.05.2019 Nayati Healthcare & Research Private Limited Long Term Fund Based Limits of Rs. 45.00 Cr.

Long Term Fund Based Limits (Proposed)of Rs. 10.75 Cr.

Long Term Loans of Rs. 404.25 Cr.
IVR BBB

IVR BBB

IVR BBB
Stable

Stable

Stable
06.05.2019 Shree Balajee Agro Mills Private Limited Long Term Bank Facilities – Cash Credit of Rs. 17.00 Cr. (including proposed limit of Rs.2.00 crore) IVR BB+ Stable
06.05.2019 Anant Pulses Private Limited Long Term Bank Facilities – Term Loan of Rs. 2.00 Cr.

Long Term Bank Facilities – Cash Credit of Rs. 12.00 Cr. (including proposed limit of Rs.2.00 crore)
IVR BB+

IVR BB+
Stable

Stable
03.05.2019 Tulsi Trading Corporation (TTC) Long Term Fund Based Facility – Cash Credit of Rs. 24.00 Cr. IVR BBB- Stable
03.05.2019 Ramson and Bros (RB) Long Term Fund Based Facility – Cash Credit of Rs. 27.00 Cr. IVR BBB- Stable
30.04.2019 Intex Technologies (India) Limited (ITIL) Long Term Fund Based Limits of Rs. 39.00 Cr.



Long Term Debt - Term Loan of Rs. 11.04 Cr.



Long Term Non-Fund Based Facilities of Rs. 1.00 Cr.



Short Term Non-Fund Based Facilities of Rs. 95.00 Cr.
IVR BB+ (Credit Watch with Developing Implications)

IVR BB+ (Credit Watch with Developing Implications)

IVR BB+ (Credit Watch with Developing Implications)

IVR A4+ (Credit Watch with Developing Implications)
-



-



-



-
26.04.2019 Easy Home Finance Limited Proposed Bank Facilities of Rs. 100.00 Cr. IVR BBB- Stable
23.04.2019 Royal Infraconstru Limited Long Term Facilities- Term Loan of Rs. 8.28 Cr.

Long Term Fund Based Facilities- Cash Credit of Rs. 137.00 Cr.

Short Term Non Fund Based Facilities- Bank Guarantee of Rs. 205.00 Cr.
IVR A- (Reaffirmed)

IVR A- (Reaffirmed)

IVR A2+ (Reaffirmed)
Stable

Stable

-
18.04.2019 Sumatichand Gouti Jewellers Private Limited Long Term Fund Based Limits of Rs. 382.00 Cr. IVR BB+ Stable
18.04.2019 Surajmull Gouti Long Term Fund Based Limits of Rs. 75.00 Cr. IVR BB Stable
17.04.2019 Nayati Pharma Private Limited Long Term Fund Based Limits- Cash Credit of Rs. 10.00 Cr. (Including proposed limit of Rs. 3.70 crore) IVR BBB- (Reaffirmed) Stable
16.04.2019 MMG Holdings Private Limited Long Term Bank Facilities - Term Loan of Rs. 15.04 Cr. IVR BBB- (SO) -
16.04.2019 GMR Energy Trading Limited Long Term Fund Based Limits of Rs. 10.00 Cr.

Short Term Non-Fund Based Limits of Rs. 25.00 Cr.

Working Capital Demand Loan of Rs. 50.00 Cr.
IVR BBB- (SO)

IVR A3 (SO)

IVR A3 (SO)
Stable

-

-
15.04.2019 Vijay Transformers Long term Bank Facilities (Proposed) of Rs. 2.50 Cr.


Long/Short term Bank Facilities (Proposed) of Rs. 5.00 Cr.


Short term Bank Facilities (Proposed) of Rs. 1.00 Cr.
IVR B+ (ISSUER NOT COOPERATING)

IVR B+ (ISSUER NOT COOPERATING)

IVR A4 (ISSUER NOT COOPERATING)
Stable


Stable


-
15.04.2019 SVR Electricals Private Ltd. Long term Bank Facilities (Proposed) of Rs. 7.25 Cr.


Long/Short term Bank Facilities (Proposed) of Rs. 18.75 Cr.


Short term Bank Facilities (Proposed) of Rs. 1.00 Cr.
IVR BB- (ISSUER NOT COOPERATING)

IVR BB- (ISSUER NOT COOPERATING)

IVR A4 (ISSUER NOT COOPERATING)
Stable


Stable


-
15.04.2019 United Ciigma Institute of Medical Science Private Limited Long Term Debt - Term Loan of Rs. 126.75 Cr.

Long Term Fund Based Limits of Rs. 20.00 Cr.
IVR BBB

IVR BBB
Stable

Stable
13.04.2019 Fortune Chemicals Ltd. Long Term Bank Facilities - Proposed Term Loan of Rs. 45.00 Cr.


Long Term Bank Facilities - Cash Credit of Rs. 5.00 Cr.
IVR BB (ISSUER NOT COOPERATING)

IVR BB (ISSUER NOT COOPERATING)
Stable


Stable
09.04.2019 Vandana Ispat Limited Long Term Fund Based Limits of Rs. 40.00 Cr.

Short Term Non-Fund Based Facilities of Rs. 2.48 Cr.
IVR BBB

IVR A3+
Stable

-
03.04.2019 Shree Jindal Soya Limited Bank Facilities- Long Term of Rs. 3.00 Cr.

Bank Facilities- Short Term of Rs. 52.20 Cr.
IVR BBB

IVR A3+
Stable

-
03.04.2019 Chrysalis Trading Private Limited Long Term Fund Based Limits- Cash Credit of Rs. 15.00 Cr. IVR BB Stable
29.03.2019 Shree Ram Brine Chem Private Limited Long Term Fund Based Limits of Rs. 6.00 Cr. IVR BB- Stable
29.03.2019 Indo Unique Flame Limited Bank Facilities- Long Term of Rs. 28.00 Cr.

Bank Facilities- Short Term of Rs. 39.00 Cr.
IVR BB+

IVR A4+
Stable

-
28.03.2019 SDB Developers Private Limited Long Term Bank Facilities of Rs.87.60 Cr. IVR BB+ Stable
28.03.2019 Jaycon Infrastructure Limited Bank Facilities- Long Term of Rs.40.00 Cr.

Bank Facilities- Short Term of Rs. 60.00 Cr.
IVR BB+/Positive

IVR A4+
Positive

-
28.03.2019 Worlds Window Wardha Infrastructure Pvt. Ltd. Long Term Debt – Proposed Term Loan of Rs. 50.00 Cr. IVR BB (ISSUER NOT COOPERATING) Stable
28.03.2019 Worlds Window Infrastructure & Logistics Pvt. Ltd. Long Term Fund Based Limits –Term Loan of Rs. 15.54 Cr.


Long Term Fund Based Limits -Cash Credit of Rs. 85.50 Cr.(including proposed limits of Rs. 75.00 crore)


Short Term Non-Fund Based Facilities - LC of Rs. 29.10 Cr.(including proposed limits of Rs. 14.60 crore)
IVR BBB (ISSUER NOT COOPERATING)

IVR BBB (ISSUER NOT COOPERATING)

IVR A3+ (ISSUER NOT COOPERATING)
Stable


Stable


-
28.03.2019 Seagull Maritime Agencies Pvt. Ltd. Long Term Fund Based Limits - Cash Credit of Rs. 35.00 Cr.(including proposed limits of Rs. 20.00 crore) IVR BBB- (ISSUER NOT COOPERATING) Stable
28.03.2019 Sanjvik Terminals Pvt. Ltd. Long Term Fund Based Limits – Term Loan of Rs. 30.00 Cr.(including proposed limits of Rs. 1.98 crore) IVR BB (ISSUER NOT COOPERATING) Stable
28.03.2019 Maple ODC Movers Pvt. Ltd. Long Term Fund Based Limits - Cash Credit of Rs. 10.00 Cr.(including proposed limits of Rs. 4.00 crore)

Short Term Non-Fund Based Facilities - BG of Rs. 5.00 Cr.(including proposed limits of Rs. 4.00 crore)
IVR BB+ (ISSUER NOT COOPERATING)

IVR A4+ (ISSUER NOT COOPERATING)
Stable


-
28.03.2019 Everest Metals FZE Long Term Fund Based Limits – OD – Existing of Rs. 76.70 Cr.(11.80 MN USD)

Long Term Fund Based Limits – OD – Proposed of Rs. 63.30 Cr.(9.74 MN USD)
IVR BBB (ISSUER NOT COOPERATING)

IVR BBB (ISSUER NOT COOPERATING)
Stable


Stable
28.03.2019 Alstrong Enterprises India Pvt. Ltd. Long Term Fund Based Limits -Cash Credit of Rs. 100.00 Cr. (including proposed limits of Rs. 50.00 crore)

Short Term Non-Fund Based Facilities - LC/BG/Buyer’s Credit/Credit Exposure Limit of Rs. 50.00 Cr.(including proposed limits of Rs. 32.50 crore)
IVR BBB (ISSUER NOT COOPERATING)

IVR A3+ (ISSUER NOT COOPERATING)
Stable


-
27.03.2019 Magnifico Minerals Pvt. Ltd. Long Term Fund Based Limits -Cash Credit of Rs. 35.00 Cr. (including proposed limits of Rs. 4.00 Crs)

Short Term Non-Fund Based Facilities - LC of Rs. 365.00 Cr.(including proposed limits of Rs. 27.00 Crs)
IVR D (ISSUER NOT COOPERATING)

IVR D (ISSUER NOT COOPERATING)
-


-
27.03.2019 Maple Logistics Pvt. Ltd. Long Term Fund Based Limits -Cash Credit of Rs. 78.00 Cr. (including proposed limits of Rs. 9.75 crore)

Short Term Non-Fund Based Facilities–LC/BG of Rs. 22.00 Cr.(including proposed limit of Rs.8.25 crore)
IVR D (ISSUER NOT COOPERATING)

IVR D (ISSUER NOT COOPERATING)
-


-
27.03.2019 Worlds Window Impex India Pvt. Ltd. Long Term Fund Based Limits -Cash Credit of Rs. 195.50 Cr. (including proposed limits of Rs. 10.50 crore)

Short Term Fund Based Limits- EPC/PCFC of Rs. 150.00 Cr.(Proposed)

Short Term Non-Fund Based Limits- LC/BG of Rs. 654.50 Cr.
IVR D (ISSUER NOT COOPERATING)

IVR D (ISSUER NOT COOPERATING)

IVR D (ISSUER NOT COOPERATING)
-


-


-
27.03.2019 Ganapati Parks Limited Long Term Bank Facilities – Term Loan of Rs. 43.59 Cr.

Long Term Bank Facilities – Cash Credit of Rs. 7.50 Cr.
IVR BBB-

IVR BBB-
Stable

Stable
27.03.2019 Agarwal Induction Furnace Private Limited Long Term Bank Facilities of Rs. 15.00 Cr.

Short Term Bank Facilities of Rs. 15.00 Cr.
IVR BBB-

IVR A3
Stable

-
26.03.2019 Bravo Sponge Iron Private Limited Bank Facilities – Long Term of Rs. 174.50 Cr. (including proposed limits of Rs.35 crore)

Bank Facilities – Short Term of Rs. 40.50 Cr. (including proposed limits of Rs.12.00 crore)
IVR BBB


IVR A3+
Stable


-
26.03.2019 JCO Gas Pipe Limited LBank Facilities- Long Term of Rs. 45.00 Cr.

Bank Facilities- Short Term of Rs. 60.00 Cr.
IVR BBB-

IVR A3
Stable

-
25.03.2019 Musaddilal Jewellers Private Limited Long Term Fund Based Limits- Cash Credit of Rs. 65.00 Cr. IVR BB+ Stable
19.03.2019 Mulpuri Poultries Long Term Bank Facilities of Rs. 20.00 Cr. (including proposed limits of Rs. 0.31 crore) IVR BB+ Stable
19.03.2019 Suraj Agro Infrastructure (India) Private Limited (SAIPL) Proposed Term Loans of Rs. 50.00 Cr. IVR BBB Stable
18.03.2019 GMR Infrastructure Limited Long Term Fund Based Limits of Rs. 595.50 Cr.


Long Term Non-Fund Based Limits of Rs. 382.00 Cr.


Short Term Non-Fund Based Limits of Rs. 253.83 Cr.


Long Term Debt – Term Loan of Rs. 3216.99 Cr. (enhanced from Rs.672.70 crore)

Long Term Debt - NCD Rs. 432.50 Cr.
IVR BBB-


IVR BBB-


IVR A3


IVR BBB-


IVR BBB-
Stable


Stable


-


Stable


Stable
18.03.2019 Rudra Global Infra Products Limited Long Term Bank Facilities – Cash Credit of Rs. 35.00 Cr.

Long Term Bank Facilities – Term Loan 1 of Rs. 0.79 Cr. (present outstanding)

Long Term Bank Facilities – Term Loan 2 of Rs. 57.00 Cr. (including proposed limit of Rs.43.00 crore)

Long Term Bank Facilities – Bank Guarantee of Rs. 10.00 Cr.
IVR BBB

IVR BBB


IVR BBB


IVR BBB
Stable

Stable


Stable


Stable
14.03.2019 Guru Nanak Educational Society Long Term Bank Facilities – Term Loan of Rs. 23.00 Cr.

Long Term Bank Facilities – Cash Credit of Rs. 7.00 Cr.
IVR BBB-

IVR BBB-
Stable

Stable
14.03.2019 IDL Explosives Ltd. Long Term Fund Based Limits of Rs. 10.00 Cr.

Short Term Non-Fund Based Facilities of Rs. 134.40 Cr.
IVR A-

IVR A2+
Stable

-
14.03.2019 Glass Wall Systems (India) Private Limited Long Term Fund Based Limits of Rs. 85.00 Cr.

Short Term Non - Fund Based Facilities of Rs. 165.00 Cr.
IVR A- (Reaffirmed)

IVR A2+ (Reaffirmed)
Stable

-
14.03.2019 NS Engineering Company Pvt Ltd (NSECPL) Long Term Fund Based Facilities of Rs. 10.00 Cr.

Short Term Non Fund Based Facilities of Rs. 16.00 Cr.
IVR BBB-

IVR A3
Stable

-
12.03.2019 Purulia Metal Castings Pvt Ltd (PMCPL) Long Term Bank Facilities/Short Term Bank Facilities of Rs. 50.00 Cr. IVR BB+ / IVR A4+ Positive / -
11.03.2019 Sonasati Organics Pvt Ltd (SSOPL) FLong Term Fund Based Facilities of Rs. 67.48 Cr.

Short Term Non Fund Based Facilities of Rs. 4.00 Cr.

Short Term Fund Based Facilities of Rs. 0.90 Cr.
IVR BB

IVR A4

IVR A4
Stable

-

-
09.03.2019 Earth Water Ltd. Fund Based Facilities of Rs. 54.00 Cr. (including proposed limits of Rs.37 crore)

Non Fund Based Facilities of Rs. 112.00 Cr. (including proposed limits of Rs.40 crore)
IVR BBB


IVR A3+
Stable


-
09.03.2019 Aventura Components Pvt Ltd. Fund Based Facilities of Rs. 14.00 Cr.

Non Fund Based Facilities of Rs. 81.00 Cr. (including proposed limits of Rs.19 crore)
IVR BBB

IVR A3+
Stable

-
07.03.2019 Waaree Energies Ltd (WEL). NCD Series – II of Rs. 55.00 Cr.

NCD Series – I of Rs. 45.00 Cr.
IVR BBB-

IVR BB+ (Withdrawn)
Stable

Stable
07.03.2019 DMG Polypack Pvt Ltd. Long-Term Debt- Term Loan of Rs. 13.31 Cr.


Long Term Fund based facilities- Cash Credit of Rs. 4.00 Cr.


Short Term Fund based facilities- Foreign Bill Discounting of Rs. 2.69 Cr. (including proposed limits of Rs.0.69 crore)
IVR BB (ISSUER NOT COOPERATING)

IVR BB (ISSUER NOT COOPERATING)

IVR A4 (ISSUER NOT COOPERATING)
Stable


Stable


-
05.03.2019 Arjan Impex Private Limited Bank Facilities- Long Term of Rs. 7.19 Cr.

Bank Facilities- Short Term of Rs. 60.00 Cr.
IVR BB+

IVR A4+
Stable

-
05.03.2019 Rudra Green Ship Recycling Private Limited Long Term / Short Term Bank Facilities of Rs. 150.00 Cr. (including proposed limit of Rs.62.00 crore) IVR BBB [SO] Stable
01.03.2019 Begunia Projects Private Limited Long Term Fund Based Limits of Rs. 5.00 Cr. IVR BB- Stable
26.02.2019 ICICI Prudential Office Yield Optimizer Fund (IPOYOF) ICICI Prudential Office Yield Optimizer Fund of Rs. 700.00 Cr. IVR AAA(AIF) -
25.02.2019 Eagle Steel Industries Private Limited Long Term Fund Based Limits of Rs. 12.00 Cr. IVR BB Stable
22.02.2019 Unimed Technologies Limited (UTL) Proposed Commercial Paper of Rs. 500.00 Cr. IVR A1+ (SO) -
21.02.2019 Avyukta Agro Impex Private Limited Long/Short Bank Facilities - Non-Fund Based Limit of Rs. 30.00 Cr. (incl. proposed CC sublimit of Rs.1 crore) IVR BB/IVR A4 Stable
21.02.2019 RV Wines LLP (RV) Long/Short Bank Facilities - Non-Fund Based Limit of Rs. 30.00 Cr. (incl. proposed CC sublimit of Rs.1 crore) IVR BB/IVR A4 Stable
21.02.2019 Malayalam Communications Limited Long Term Fund Based Limits of Rs. 37.00 Cr.

Long Term Debt - Term Loan of Rs. 20.76 Cr.

Working Capital Demand Loan of Rs. 9.60 Cr.
IVR BBB

IVR BBB

IVR BBB
Stable

Stable

Stable
21.02.2019 Sanaka Educational Trust Long Term Bank Facilities – Term Loan of Rs. 44.00 Cr. (including proposed limit of Rs.0.17 crore) IVR B+ Stable
21.02.2019 Bhaskar Steel & Ferro Alloy Private Limited Long Term Bank Facilities of Rs. 36.60 Cr. (including proposed limits of Rs. 1.60 crore)

Short Term Bank Facilities of Rs. 6.40 Cr.
IVR BBB-


IVR A3
Positive


-
20.02.2019 RR Energy Limited Long Term Fund Based Facilities of Rs. 33.45 Cr.

Short Term Non Fund Based Facilities of Rs. 16.10 Cr.
IVR BB+

IVR A4+
Stable

-
20.02.2019 Phillips Carbon Black Limited Term Loan of Rs. 4.52 Cr. (present o/s NIL) IVR AA- (Withdrawn) Stable
19.02.2019 Suraksha Asset Reconstruction Private Limited (SARPL) Proposed Commercial Paper of Rs. 600.00 Cr. IVR A1+ (SO) -
19.02.2019 Kamal & Associates Private Limited Bank Facilities- Long Term of Rs. 5.00 Cr.

Bank Facilities- Short Term of Rs. 5.00 Cr.
IVR BB+

IVR A4+
Positive Outlook

-
18.02.2019 Ori Plast Ltd Long Term Fund Based Facilities of Rs. 36.00 Cr.(Including proposed limit of Rs.6.00 crore)

Short Term Non Fund Based Facilities of Rs. 18.00 Cr.
IVR A-


IVR A2+
Stable


-
14.02.2019 Tristar Lifesciences Private Limited (TLPL) Term Loan of Rs. 72.91 Cr.

Cash Credit of Rs. 10.00 Cr.
IVR BBB-

IVR BBB-
Stable

Stable
14.02.2019 Mayfair Renewable Energy (I) Private Limited Long Term Bank Facilities – Term Loan of Rs. 95.62 Cr. (including proposed limits of Rs.55 crores) IVR A-(SO) Stable
12.02.2019 Rudra Global Infra Products Limited Long Term Bank Facilities – Cash Credit of Rs. 45.00 Cr. (including proposed limit of Rs.10.00 crore)

Long Term Bank Facilities – Bank Guarantee of Rs. 8.00 Cr.
IVR BBB


IVR BBB
Stable


Stable
11.02.2019 Deevya Shakti Paper Mills Pvt. Ltd Fund Based Facilities of Rs. 36.00 Cr.

Long Term Debt - Term Loan of Rs. 5.00 Cr.

Non-Fund Based Facilities of Rs. 6.22 Cr.
IVR A- (Reaffirmed)

IVR A- (Reaffirmed)

IVR A2+ (Reaffirmed)
Stable

Stable

-
11.02.2019 GTN Enterprises Limited Long Term Fund Based Limits of Rs. 41.20 Cr.

Long Term Debt- Term Loans of Rs. 7.99 Cr.

Short Term Non-Fund Based Facilities of Rs. 44.00 Cr.
IVR BB

IVR BB

IVR A4
Stable

Stable

-
11.02.2019 Sai Point Finance Corporation Ltd Long term Bank Facilities- CC Facility of Rs. 50.00 Cr. IVR BBB- Stable
11.02.2019 Sara International Private Limited Long-Term/Short Term Fund based facilities- Cash Credit/PCFC/PSCFC of Rs. 70.00 Cr.

Short Term Non-fund based facilities-LC/BG of Rs. 70.00 Cr.
IVR BB+


IVR A4+
Stable


-
08.02.2019 Unistar Oils Private Limited Bank Facilities- Long Term of Rs. 1.00 Cr.

Bank Facilities- Short Term of Rs. 39.00 Cr.
IVR BB+

IVR A4+
Stable

-
06.02.2019 Capri Global Capital Ltd. Cash Credit of Rs. 120.00 Cr.

Term Loans of Rs. 4380.00 Cr.(including proposed term loans of Rs.2,881.05 crore)

Non-Convertible Debentures of Rs. 300.00 Cr. (including proposed NCDs of Rs.225 crore)

Proposed Commercial Papers of Rs. 350.00 Cr.
IVR AA

IVR AA


IVR AA


IVR A1+
Stable

Stable


Stable


-
05.02.2019 Suraksha Asset Reconstruction Private Limited (SARPL) Proposed Commercial Paper of Rs. 600.00 Cr. Provisional IVR A1+ (SO) -
05.02.2019 MJ Pharmaceuticals Private Ltd. Proposed Commercial Paper of Rs. 750.00 Cr. IVR A1+ (SO) -
01.02.2019 India Power Corporation Limited Fund Based Facilities-Line of Credit of Rs. 165.00 Cr. (present O/s NIL) IVR BBB (Credit Watch with Negative Implications)
(Withdrawn)
-
01.02.2019 Hindustan Enviro Life Protection Services Ltd. Long Term/Short Term Bank Facilities of Rs. 46.00 Cr.

Long Term Bank Facilities of Rs. 14.00 Cr. (incl. proposed limit of Rs.1 crore)

Short Term Bank Facilities of Rs. 12.00 Cr.
IVR BBB/IVR A3+

IVR BBB


IVR A3+
Positive Outlook

Positive Outlook


-
29.01.2019 Suraksha Realty Ltd. Commercial Paper of Rs. 650.00 Cr.

Commercial Paper of Rs. 500.00 Cr.

IVR A1+ (SO) (Reaffirmed)

-
29.01.2019 Indiabulls High Yield Fund and Indiabulls Dual Advantage Commercial Asset Fund Indiabulls High Yield Fund (IBHYF) of Rs. 623.55 Cr.


Indiabuls Dual Advantage Commercial Asset Fund (IBDACAF) of Rs. 1000.00 Cr.
IVR AAA(AIF) (Reaffirmed)


IVR AAA(AIF) (Reaffirmed)
-


-
23.01.2019 Radius & Deserve Land Developers Pvt Ltd. Non-Convertible Debentures of Rs. 302.00 Cr. IVR B (Reaffirmed IVR B; Credit watch with Developing Implications removed) Stable
22.01.2019 Intex Technologies (India) Limited Long Term Fund Based Limits of Rs. 39.00 Cr.

Long Term Debt- Term Loan of Rs. 11.04 Cr.

Long Term Non-Fund Based Facilities of Rs. 1.00 Cr.

Short Term Non-Fund Based Facilities of Rs.95.00 Cr.
IVR BBB+

IVR BBB+

IVR BBB+

IVR A2
Stable

Stable

Stable

-
17.01.2019 Scan Steels Ltd. Long Term Debt- WCTL of Rs. 48.50 Cr.

Long Term Debt- FITL of Rs. 16.92 Cr.

Long Term Fund Based Facilities of Rs. 69.13 Cr.

Short Term Non-Fund Based Facility of Rs. 5.45 Cr. (including proposed limit of Rs.1.45 crore)
IVR BB-

IVR BB-

IVR BB-

IVR A4
Stable

Stable

Stable

-
17.01.2019 Bhunit Engineering Company Private Limited Long Term Debt - Term Loan of Rs. 12.55 Cr.

Long Term Fund Based Limits of Rs. 7.00 Cr. (including proposed limit of Rs.4.00 crore)
IVR BB+

IVR BB+
Stable

Stable
16.01.2019 Smart Card IT Solutions Limited Long Term Fund Based Limits of Rs. 47.35 Cr. (including proposed limit of Rs.10 crore)

Long Term Debt- Term Loan of Rs. 30.79 Cr.

Short Term Non-Fund Based Facilities of Rs. 11.30 Cr.
IVR BBB

IVR BBB

IVR A3+
Stable

Stable

-
16.01.2019 Tuaman Engineering Limited Long Term Fund Based Facilities- Cash Credit of Rs. 40.00 Cr. (enhanced from 15.00 Cr.)

Long Term / Short Term Non Fund Based Facilities- Bank Guarantee of Rs. 140.00 Cr. (enhanced from 35.00 Cr.)
IVR A-

IVR A-/IVR A2+
Stable

-
15.01.2019 Indiabulls Ventures Ltd. Commercial Paper of Rs. 750.00 Cr. IVR A1+ (Reaffirmed) -
15.01.2019 Dhosa Chandaneswar Bratyajana Samity Long Term Bank Facilities of Rs. 15.00 Cr. (Including proposed limit of Rs.8.47 crore) IVR BB+ Stable
11.01.2019 Mangalam Cement Limited Non-Convertible Debentures (Proposed) of Rs. 250.00 Cr. IVR AA- (Withdrawn) Stable
11.01.2019 Alpine Distilleries Private Limited Long Term Bank Facilities of Rs. 98.00 Cr. ((including proposed limits of Rs. 4.98 crore)

Short Term Bank Facilities of Rs. 0.95 Cr.
IVR BBB-


IVR A3
Stable


-
11.01.2019 Haldia Petrochemicals Limited Commercial Paper of Rs. 100.00 Cr. IVR A1+ (Withdrawn) -
10.01.2019 Indiabulls Liquid Fund and Indiabulls Short Term Fund (Indiabulls Asset Management Indiabulls Liquid Fund

Indiabulls Short Term Fund
IVR AAAmfs (Withdrawn)

IVR AA+mfs (Withdrawn)
-

-
02.01.2019 Nayati Healthcare & Research NCR Pvt Ltd. Long Term Debt- Term Loan of Rs. 640.00 Cr.

Proposed Long Term Debt- Term Loan of Rs. 200.00 Cr.

Fund Based Facilities of Rs. 10.00 Cr.
IVR BBB-

IVR BBB- (Reaffirmed)

IVR BBB-
Stable

Stable

Stable
01.01.2019 GMR SEZ Infra Services Ltd. NCD- Short term of Rs. 500.00 Cr. IVR A2 (SO) -
01.01.2019 Suraksha Asset Reconstruction Private Limited (SARPL) Proposed Commercial Paper of Rs. 600.00 Cr. Provisional IVR A1+ (SO) -
31.12.2018 Unimed Technologies Ltd. Proposed Commercial Paper of Rs. 500.00 Cr. Provisional IVR A1+ (SO) -
31.12.2018 MJ Pharmaceuticals Private Ltd. Proposed Commercial Paper of Rs. 750.00 Cr. Provisional IVR A1+ (SO) -
31.12.2018 Aditya Medisales Ltd. Proposed Commercial Paper of Rs. 500.00 Cr. Provisional IVR A1+ (SO) -
26.12.2018 Royal Realtors Long Term Debt – Term Loan of Rs. 18.35 Cr. IVR BB+ Stable
26.12.2018 India Mega Agro Anaj Limited Long Term Fund Based Limits -Cash Credit of Rs. 137.30 Cr.

Long Term Bank Facilities - Term Loan of Rs. 58.60 Cr.
IVR D

IVR D
-


-
26.12.2018 Yadu Sugar Limited Long Term Bank Facilities of Rs. 170.00 Cr. IVR B Stable
26.12.2018 Shah Nanji Nagsi Exports Private Limited Long Term Bank Facilities – Packing Credit / Cash Credit of Rs. 70.00 Cr. IVR BB+ Stable
24.12.2018 India Power Corporation Limited Fund Based Facilities-Line of Credit of Rs. 165.00 Cr. IVR BBB/(Credit Watch with Negative Implications) -
20.12.2018 Victora Automotive Inc. Term Loan of Rs. 32.80 Cr.

Fund Based facilities (CC) of Rs. 4.00 Cr.

Fund Based facilities (Bill discounting) of Rs. 64.00 Cr.

Fund Based facilities (Packing credit) of Rs. 7.00 Cr.

Non fund based facilities (LC/BG) of Rs. 10.00 Cr.
IVR BBB-

IVR BBB-

IVR A3

IVR A3

IVR A3
Stable

Stable

-

-

-
20.12.2018 Victora Auto Private Limited Term Loan of Rs. 10.00 Cr.

Fund Based facilities (CC) of Rs. 5.00 Cr.

Fund Based facilities (Bill discounting) of Rs. 135.00 Cr.

Fund Based facilities (Packing credit) of Rs. 15.00 Cr.

Non fund based facilities (LC/BG) of Rs. 25.00 Cr.
IVR BBB+

IVR BBB+

IVR A2

IVR A2

IVR A2
Stable

Stable

-

-

-
20.12.2018 Anvil Cables Private Limited Long Term Bank Facilities – Cash Credit of Rs. 43.00 Cr. (including proposed limit of Rs.12.00 crore)

Long Term Bank Facilities – SLC of Rs. 4.00 Cr.

Long Term Bank Facilities – Term Loan of Rs. 8.45 Cr. (including proposed limit of Rs.7.00 crore)

Short Term Bank Facilities – Bank Guarantee of Rs. 48.84 Cr. (including proposed limit of Rs.10.00 crore)

Short Term Bank Facilities – Letter of Credit of Rs. 28.00 Cr. (including proposed limit of Rs.10.00 crore)
IVR BBB+


IVR BBB+

IVR BBB+


IVR A2


IVR A2
Stable


Stable

Stable


-


-
18.12.2018 MEP Longjian Loha Waranga Road Pvt Ltd. Proposed Term Loan of Rs. 515.09 Cr.

Proposed Non-Fund based Limit:-Performance Bank Guarantee of Rs. 53.66 Cr.

Proposed Fund based Limits:-Overdraft of Rs. 20.00 Cr.
IVR BBB

IVR BBB


IVR BBB
Stable


Stable

Stable
18.12.2018 MEP Longjian CLR Pvt Ltd. Proposed Term Loan of Rs. 480.05 Cr.

Proposed Non-Fund based Limit:-Performance Bank Guarantee of Rs. 50.00 Cr.

Proposed Fund based Limits:-Overdraft of Rs. 20.00 Cr.
IVR BBB

IVR BBB


IVR BBB
Stable


Stable

Stable
18.12.2018 MEP Longjian ACR Pvt Ltd. Proposed Term Loan of Rs. 407.34 Cr.

Proposed Non-Fund based Limit:-Performance Bank Guarantee of Rs. 42.43 Cr.

Proposed Fund based Limits:-Overdraft of Rs.20.00 Cr.
IVR BBB

IVR BBB


IVR BBB
Stable


Stable

Stable
18.12.2018 GNE Exports Pvt Ltd Long Term Bank Facilities (Including proposed limit of Rs.0.10 crore) of Rs. 10.00 Cr. IVR BB+ Stable
18.12.2018 Electrosteel Castings Ltd Outstanding Non-Convertible Debentures (NCD) - Series VI of Rs. 27.00 Cr. (present o/s)

Outstanding Non-Convertible Debentures (NCD) - Series VII of Rs. 75.00 Cr. (present o/s Nil)
IVR A (Affirmed)


IVR A (Withdrawn)
Stable


Stable
17.12.2018 RITES Limited Short Term Bank Facilities of Rs. 850.00 Cr. IVR A1+ -
17.12.2018 Counto Metals & Mining Company Ltd (CMMCL) Fund Based Facilities of Rs. 4.73 cr. (including proposed limit of Rs.0.88 crore)

Long Term Debt- Term Loan of Rs. 5.27 Cr.
IVR B (Reaffirmed and withdrawn)

IVR B (Reaffirmed and withdrawn)
Stable


Stable
17.12.2018 Counto Automobiles Pvt Ltd (CAPL) Fund Based Facilities of Rs. 7.56 cr. (including proposed limits of Rs.0.56 crore)

Long Term Debt- Term Loan of Rs. 2.44 Cr.
IVR B+ (Reaffirmed and withdrawn)

IVR B+ (Reaffirmed and withdrawn)
Stable


Stable
17.12.2018 Kaypee Enterprises Long Term Fund Based Facilities – Term Loan of Rs. 116.00 cr. IVR BBB- (Reaffirmed and Withdrawn) Stable
17.12.2018 Kamaljeet Singh Ahluwalia Long Term Fund Based Facilities – Term Loan of Rs. 134.00 cr. IVR BBB- (Reaffirmed and Withdrawn) Stable
17.12.2018 Atlas Pet Plas Industries Limited Long Term Bank Facilities of Rs. 12.50 cr. IVR BB Stable
14.12.2018 Eloquent Steels Private Limited Long Term Bank Facilities of Rs. 65.00 cr. (including proposed limits of Rs. 30.00 crore)

Short Term Bank Facilities of Rs. 25.00 Cr. (including proposed limits of Rs. 15.00 crore)
IVR BBB-(SO)


IVR A3(SO)
Stable


-
14.12.2018 Ganesh Benzoplast Limited Long Term Fund Based Facilities of Rs. 32.50 cr.

Short Term Non Fund Based Facilities of Rs. 2.25 Cr.
IVR BBB-

IVR A3
Stable

-
12.12.2018 Sambhv Sponge Power Pvt Ltd Long Term Bank Facilities of Rs. 29.50 cr.

Short Term Bank Facilities of Rs. 9.50 Cr.
IVR BBB-(SO)

IVR A3 (SO)
Stable

-
12.12.2018 Achiievers Finance India Private Limited Long Term Bank Facilities – Term Loan (Proposed) of Rs. 10.00 cr.
Non Convertible Debentures (Proposed) of Rs. 10.00 Cr.
IVR BB

IVR BB
Stable

Stable
12.12.2018 Simplex Infrastructures Limited Long Term Bank Facilities of Rs. 2600.00 cr. IVR A Stable
11.12.2018 Nidhi Textiles Long Term Fund Based Limits of Rs. 9.00 cr.

Working Capital Demand Loan of Rs.2.50 Cr.
IVR BB- (Reaffirmed and Withdrawn)
IVR BB- (Reaffirmed and Withdrawn)
Stable

Stable
11.12.2018 Gemini Fashion Long Term Fund Based Limits of Rs. 6.00 cr.

Working Capital Demand Loan of Rs.2.50 Cr.
IVR BB- (Reaffirmed and Withdrawn)
IVR BB- (Reaffirmed and Withdrawn)
Stable

Stable
07.12.2018 Shriniwas Spintex Industries Pvt Ltd Long Term Bank Facilities of Rs. 40.00 Cr. IVR BBB- Stable
06.12.2018 RR Constructions & Infrastructure India Pvt. Ltd. Long Term Fund Based Facilities of Rs. 27.20 cr.

Short Term Non-fund based facilities of Rs.67.00 Cr.
IVR BBB-

IVR A3
Stable

-
06.12.2018 Velan Kraft House Pvt Ltd Long Term Bank Facilities of Rs. 43.00 Cr. IVR BBB Stable
05.12.2018 Anvil Cables Private Limited Issuer Rating IVR BBB + [Is] Stable
03.12.2018 YSR Spinning and Weaving Mills Pvt Ltd Long Term Bank Facilities of Rs. 20.20 cr. (Including proposed limit of Rs.5.75 crore)

Short Term Bank Facilities of Rs.1.80 Cr.
IVR BB+


IVR A4+
Stable


-
03.12.2018 Gupta Power Infrastructure Ltd. Long Term Debt- Term Loan of Rs. 58.42 cr. (incl. proposed limit of Rs.25 crore)

Long Term Fund Based Facilities of Rs.1010.00 Cr. (incl. proposed limit of Rs.110.00 crore)

Short Term Non-fund based facilities of Rs. 2231.58 Cr. (incl. proposed limit of Rs.231.58 crore)
IVR A


IVR A


IVR A1
Stable


Stable


-
27.11.2018 OSL Healthcare Pvt Ltd. Proposed Long Term Debt- Term Loan of Rs. 840.00 cr.

Proposed Fund Based Facilities of Rs. 10.00 Cr.
IVR BBB-

IVR BBB-
Stable

Stable
27.11.2018 Ompee Education Trust Fund Based Facilities- Term Loans of Rs. 5.48 cr. IVR BB- Stable
27.11.2018 SAK Buildtech Private Limited. Outstanding Term Loan of Rs. 32.00 cr. IVR BB+ Stable
26.11.2018 Aavanti Solar Energy Private Limited Long Term Bank Facilities – Term Loan of Rs. 95.62 cr. IVR BBB- Stable
21.11.2018 Indiabulls Liquid Fund and Indiabulls Short Term Fund (Indiabulls Asset Management Company Limited) Indiabulls Liquid Fund



Indiabulls Short Term Fund
IVR AAAmfs (Reaffirmed and placed on notice of withdrawa)

IVR AA+mfs (Reaffirmed and placed on notice of withdrawal)
-



-
21.11.2018 Usha Financial Services Private Limited Term Loan of Rs. 100.00 (including proposed term loan of Rs.57.37crore) IVR BBB- Stable
20.11.2018 Rean Watertech Private Ltd. Long/Short-term Bank Facilities of Rs.5.85 crores


Long term Bank Facilities of Rs. Rs.46.15 crores.
IVR BBB-/IVR A3 (ISSUER NOT COOPERATING)

IVR BBB-(ISSUER NOT COOPERATING)
Stable


Stable
20.11.2018 Sarda Plywood Industries Limited Long Term Bank Facilities of Rs. 42.74 Cr. (including proposed limit of Rs.1.78 crore)

Short Term Bank Facilities of Rs. 37.26 Cr.
IVR BB-

IVR A4
Stable

-
06.11.2018 Aavanti Renewable Energy Private Limited Long Term Bank Facilities – Term Loan of Rs. 96.85 Cr.

Short Term Bank Facilities – Bank Guarantee of Rs. 2.00 Cr.
IVR BBB-

IVR A3
Stable

-
02.11.2018 Kanak Instalments Ltd. Long Term Fund-Based Facility (Proposed) Rs. 5.00 Cr. IVR BB- Stable
30.10.2018 MEP Longjian VTR Pvt Ltd. Proposed Term Loan of Rs. 567.78 Cr.

Proposed Non-Fund based Limit:-Performance Bank Guarantee of Rs. 59.15 Cr.

Proposed Fund based Limits:-Overdraft of Rs. 20.00 Cr.
IVR BBB

IVR BBB


IVR BBB
Stable

Stable


Stable
26.10.2018 AP Securitas Private Limited Long Term Fund Based Facilities of Rs. 29.00 Cr.

Short Term Fund Based Facilities of Rs. 10.00 Cr.

Long Term Non-Fund Based Facilities of Rs. 6.00 Cr.
IVR BBB

IVR A3+

IVR BBB
Stable

-

Stable
24.10.2018 JPM Exports Private Limited Long Term Fund Based Limits of Rs. 50.00 Cr. (including proposed limits of Rs.5.00 crore) IVR D -
24.10.2018 Chandan Steel Limited Long Term Fund Based Limits of Rs. 7.00 Cr.

Long Term Debt - Term Loan of Rs. 57.10 Cr.

Short Term Fund Based Facilities of Rs. 147.40 Cr.

Short Term Non-Fund Based Facilities of Rs. 280.00 Cr.
IVR BBB+

IVR BBB+

IVR A2

IVR A2
Stable

Stable

-

-
24.10.2018 Mahadev Yarns Private Limited Long Term Bank Facilities – Term Loan of Rs. 4.14 Cr.

Long Term Bank Facilities– Cash Credit of Rs. 11.36 Cr. (including proposed limits of Rs.0.36 crore)

Short Term Bank Facilities– Bank Guarantee of Rs. 0.50 Cr.
IVR BB-

IVR BB-


IVR A4
Stable

Stable

-
22.10.2018 Simplex Infrastructures Limited Commercial Paper of Rs. 650.00 Cr.

Short Term Bank Facilities of Rs. 75.00 Cr.
IVR A1+

IVR A1
-

-
22.10.2018 Anindita Steels Limited Long Term Bank Facilities of Rs. 26.68 Cr.

Short Term Bank Facilities of Rs. 3.32 Cr.
IVR BBB-

IVR A3
Stable

-
22.10.2018 Alipore Institute of Management & Technology Long Term Bank Facilities – Term Loan of Rs. 130.00 Cr. IVR BBB- Stable
09.10.2018 Karuna Healthcare Pvt. Ltd. Non-Convertible Debentures (Present outstanding) of Rs. 160.00 Cr. IVR BBB+ (SO) Stable
08.10.2018 Worldwide Metals Private Ltd. Long term Bank Facilities of Rs. 96.00 Cr.

Short term Bank Facilities Rs. 4.00 Cr.
IVR D

IVR D
-

-
08.10.2018 Oyster Steel & Iron Private Ltd. Long/Short-term Bank Facilities of Rs. 140.0 Cr.

Short term Bank Facilitiesof Rs. 20.00 Cr.
IVR D

IVR D
-

-
08.10.2018 Olympus Metal Private Ltd. Long/Short-term Bank Facilities of Rs. 75.0 Cr.

Short term Bank Facilities of Rs. 10.00 Cr.
IVR D

IVR D
-

-
08.10.2018 Draken Metals Trading Private Ltd. Long/Short-term Bank Facilities of Rs. 150.00 Cr. IVR C/IVR A4 -
04.10.2018 Karnal Food Pack Cluster Limited Long Term Debt-Term Loan of Rs. 8.00 Cr. IVR BBB- Stable
04.10.2018 Agrawal Global Infratech Private Limited Long Term Bank Facilities – Cash Credit of Rs. 2.50 Cr.

Long Term Bank Facilities – Bank Guarantee of Rs. 18.50 Cr.

Short Term Bank Facilities – Bank Guarantee of Rs.5.00 Cr.
IVR BBB-

IVR BBB-

IVR A3
Stable

Stable

-
28.09.2018 ACN Infotech (India) Private Limited Short Term Non-Fund Based Limits (Foreign Bank Guarantee) of Rs. 52.00 Cr. IVR A3 -
28.09.2018 Shri Ram Raja Sarkar Lok Kalyan Trust Fund Based Facilities- Term Loan of Rs. 2.59 Cr. IVR BB (Withdrawn) Stable
28.09.2018 Shri Ram Raja Sarkar Lok Kalyan Trust Fund Based Facilities- Overdraft of Rs. 2.0 Cr. (amount reduced from Rs.4.50 crore) IVR BB+ Stable
28.09.2018 Raichur Sholapur Transmission Company Private Limited Long Term Bank facilities of Rs. 240.00 Cr. IVR A-(SO) Stable
28.09.2018 Himachal Futuristic Communications Ltd. Outstanding Term Loan of Rs. 205.57 Cr.


Fund based facilities (CC) of Rs. 200.00 Cr.


Non fund based facilities of Rs.570.00 Cr.
IVR A- (Reaffirmed and Withdrawn)

IVR A- (Reaffirmed and Withdrawn)

IVR A2+ (Reaffirmed and Withdrawn)
Stable


Stable


-
28.09.2018 GMR Infrastructure Limited Term Loan of Rs. 672.70 Cr. IVR BBB- Stable
27.09.2018 Globus Spirits Ltd. Commercial Paper of Rs. 25.00 Cr. IVR A1 (Withdrawn) -
27.09.2018 Nextgen Printers Private Limited Long Term Bank Facilities – Term Loan of Rs. 21.46 Cr.

Long Term Bank Facilities – Term Loan of Rs.11.84 Cr.

Long Term Bank Facilities – Cash Credit of Rs.15.20 Cr. (including additional proposed limits of Rs.0.20 crore)

Short Term Bank Facilities – Bank Guarantee of Rs.6.50 Cr.

Short Term Bank Facilities – CEL of Rs.0.08 Cr.
IVR BBB-

IVR BBB-

IVR BBB-

IVR A3

IVR A3
Stable

Stable

Stable

-

-
26.09.2018 S. Pyarelal Ispat Private Limited Long Term Fund Based Limits of Rs. 14.00 Cr.

Long Term Debt - Term Loan of Rs.4.04 Cr.
IVR BBB-

IVR BBB-
Stable

Stable
26.09.2018 Westwell Iron & Steel Private Limited Long Term Bank Facilities – Cash Credit of Rs. 5.50 Cr.

Short Term Bank Facilities – Bank Guarantee of Rs.19.50 Cr. (including proposed of Rs.1.50 crore)
IVR BBB-

IVR A3
Stable

-
15.09.2018 Radius & Deserve Land Developers Private Limited Non-Convertible Debentures of Rs. 302.00 Cr. IVR B ((Credit watch with Developing Implications) -
14.09.2018 Ashirvad Food ProductsPrivate Limited Long Term Bank Facilities of Rs. 20.64 Cr.

Short Term Bank Facilities of Rs. 7.36 Cr.
IVR BB-

IVR A4
Stable

-
11.09.2018 Gemini Fashion Long Term Fund Based Limits of Rs. 6.00 Cr.

Working Capital Demand Loan of Rs. 2.50 Cr.
IVR BB-

IVR BB-
Stable

Stable
11.09.2018 Nidhi Textiles Long Term Fund Based Limits of Rs. 9.00 Cr.

Working Capital Demand Loan of Rs. 2.50 Cr.
IVR BB-

IVR BB-
Stable

Stable
06.09.2018 Maharaja Ispat Private Limited Long Term Bank facilities of Rs. 16.50 Cr. IVR BB+ Stable
29.08.2018 Anvil Electricals Private Limited Long Term Bank Facility – Term Loan of Rs. 2.08 Cr.

Long Term Bank Facility – Cash Credit of Rs. 22.92 Cr. (including proposed limit of Rs. 13.92 Cr)

Long Term Bank Facility – Bank Guarantee of Rs. 4.00 Cr.

Short Term Bank Facilities – Letter of Credit of Rs. 4.00 Cr.
IVR BBB-

IVR BBB-


IVR BBB-

IVR A3
Stable

Stable


Stable

-
28.08.2018 Himachal Futuristic Communications Limited Issuer rating IVR A- (Is) (Withdrawn) Stable
23.08.2018 Truvolt Engineering Co. Private Limited Long Term Bank Facilities of Rs. 15.96 Cr.

Long Term/Short Term Bank Facilities of Rs. 14.00 Cr.

Short Term Bank Facilities of Rs. 0.75 Cr.
IVR BB-

IVR BB-/IVR A4

IVR A4
Stable

Stable/-

-
22.08.2018 Vindeshwari Exim Pvt Ltd. Long Term Debt-Term Loan of Rs. 14.00 Cr.

Fund Based Facilities of Rs. 2.20 Cr.

Non-Fund Based Facilities of Rs. 30.00 Cr.

Proposed Fund Based/Non-Fund Based Facilities of Rs. 6.80 Cr.
IVR BB+

IVR BB+

IVR A4+

IVR BB+/IVR A4+
Stable

Stable

-

Stable/-
22.08.2018 Smartha Enterprises Pvt Ltd. Fund Based Facilities of Rs. 1.50 Cr.

Non-Fund Based Facilities of Rs. 15.00 Cr.

Proposed Fund Based/Non-Fund Based Facilities of Rs. 0.50 Cr.
IVR BB+

IVR A4+

IVR BB+/IVR A4+
Stable

-

Stable/-
20.08.2018 Nikhil Adhesives Ltd. Fund Based Facilities- Cash Credit of Rs. 25.00 Cr.

Non Fund Based Facilities-LC/BG/Buyer's Credit of Rs. 65.00 Cr.
IVR BBB-

IVR A3
Stable

-
17.08.2018 Dakshin Budhakhali Improvement Society Long Term Facilities - Term Loan of Rs. 25.00 Cr. IVR BB+ Stable
14.08.2018 Himalaya Polytech Private Limited Term Loan of Rs. 6.80 Cr.

Fund Based facilities (CC) of Rs. 7.80 Cr. (including proposed limit of Rs. 0.30 Crores)

Non fund based facilities (LC/BG) of Rs. 6.00 Cr. (including proposed limit of Rs. 2.0 Crores)
IVR BB+

IVR BB+


IVR A4+
Stable

Stable


-
09.08.2018 Swastik Pipe Limited Long Term Fund Based Limits of Rs. 118.00 Cr.

Short Term Non-Fund Based Facilities of Rs. 70.00 Cr.

Long Term Debt - Term Loan of Rs. 12.00 Cr. (including proposed term loan of Rs.8.50 crore)
IVR BBB

IVR A3+

IVR BBB
Stable

-

Stable
06.08.2018 Kotak Mahindra Mutual Fund Kotak FMP Series 236 (Mutual Fund) IVR A1+mfs (Withdrawn) -
06.08.2018 Sona Beverages Pvt Ltd (SBPL) Fund Based Facilities of Rs. 7.00 Crores

Long Term Debt- Term Loan of Rs. 23.50 Crores
IVR BB

IVR BB
Stable

Stable
24.07.2018 Counto Metals & Mining Company Ltd Fund Based Facilities of Rs. 4.73 Crores (including proposed limit of Rs.0.88 crore)

Long Term Debt- Term Loan of Rs. 5.27 Crores
IVR B


IVR B
Stable


Stable
24.07.2018 Counto Automobiles Pvt Ltd Fund Based Facilities of Rs. 7.56 Crores (including proposed limits of Rs.0.56 crore)

Long Term Debt- Term Loan of Rs. 2.44 Crores
IVR B+


IVR B+
Stable


Stable
20.07.2018 VRKP Steel Industries Pvt. Limited Issuer Rating IVR BB + [Is] Stable
19.07.2018 New Leaf Tea Plantation Private Limited Long Term Bank Facility – Term Loan of Rs. 7.75 Crores

Long Term Bank Facility – Cash Credit of Rs. 3.50 crores

Short Term Bank Facility – Bank Guarantee of Rs. 0.50 crores
IVR BB+

IVR BB+

IVR A4+
Stable

Stable

-
17.07.2018 Kotak Mahindra Mutual Fund Kotak FMP Series 236 (Mutual Fund) IVR A1+mfs -
10.07.2018 Khadim India Ltd. Commercial Paper (Earmarked out of current tied-up fund based working capital limits) of Rs. 30.00 crores IVR A1+ -
10.07.2018 GKC Projects Ltd Long Term Bank Facilities of Rs. 1981.06 Crores

Optionally Convertible Debentures of Rs. 183.93 crores
IVR D

IVR D
-

-
10.07.2018 Priyesh Investment Private Limited Proposed NCDs of Rs.135.00 crores IVR B+ Stable
10.07.2018 Ashwatha Developers Non-Convertible Debentures (Proposed) of Rs. 150.00 crores IVR B+ (Withdrawn) Stable
22.06.2018 Tirupati Conductors Private Limited Long Term Bank Facilities of Rs. 18.00 Crores (including proposed limit of Rs.5 crore)

Short Term Bank Facilities of Rs.12.00 crores(including proposed limit of Rs.5 crore)
IVR BBB


IVR A3+
Stable


-
22.06.2018 Premier Cables and Conductors Private Limited Long Term Bank Facilities of Rs. 7.00 Crores

Short Term Bank Facilities of Rs.18.00 crores
IVR BBB

IVR A3+
Stable

-
22.06.2018 Indiabulls Mutual Fund Indiabulls Short Term Fund IVR AA+mfs (Downgraded from IVR AAAmfs) -
21.06.2018 Dhunseri Petrochem Limited Short Term Bank Facilities of Rs. 100.00 Cr. IVR A1+ -
11.06.2018 Radius & Deserve Land Developers Private Limited Non-Convertible Debentures of Rs. 302.00 Cr. IVR BB- Stable
06.06.2018 JPM Exports Private Limited Long Term Fund Based Limits of Rs. 50.00 Cr. (including proposed limits of Rs. 5 crores) IVR BBB- Stable
05.06.2018 Glocal Healthcare Systems Private Limited Long Term Bank facilities of Rs.40.00 Cr. IVR BB Stable
31.05.2018 Earth Water Ltd. Fund Based Facilities of Rs.54.00 Cr. (including proposed limits of Rs.37 crore)

Non Fund Based Facilities of Rs. 112.00 Cr. (including proposed limits of Rs.40 crore)
IVR A-


IVR A2+
Stable


-
31.05.2018 Aventura Components Pvt Ltd. Fund Based Facilities of Rs.14.00 Cr.

Non Fund Based Facilities of Rs. 81.00 Cr. (including proposed limits of Rs.19 crore)
IVR BBB+

IVR A2
Stable

-
31.05.2018 IFGL Refractories Limited Long Term Bank Facility – Term Loan of Rs.40.00 Cr. IVR AA Stable
30.05.2018 Santpuria Alloys Private Ltd. Long Term Fund Based Limits of Rs.15.00 Cr.

Short Term Non-Fund Based Limits of Rs. 6.00 Cr.

Proposed Fund Based /Non-Fund Based Bank Facilities (Long Term / Short Term) of Rs. 1.50 Cr.
IVR BBB

IVR A3+

IVR BBB/IVR A3+
Stable

-

Stable
30.05.2018 Mongia Steel Ltd. Long Term Fund Based Limits of Rs.31.00 Cr.

Short Term Non-Fund Based Limits of Rs. 8.00 Cr.
IVR BBB+

IVR A2
Stable

-
25.05.2018 Tuaman Engineering Limited Long Term Fund Based Facilities- Cash Credit of Rs. 15.00 Cr.

Short Term Non Fund Based Facilities- Bank Guarantee of Rs. 35.00 Cr. (Enhanced from of Rs. 25.00 Crores)
IVR A-

IVR A2+
Stable

-
23.05.2018 India Power Corporation Limited Commercial Paper of Rs. 50 crores IVR A1+ (Withdrawn) -
17.05.2018 India Mega Agro Anaj Limited Long Term Fund Based Limits -Cash Credit of Rs. 137.30 Cr.

Long Term Bank Facilities - Term Loan of Rs. 58.60 Cr.
IVR BBB+

IVR BBB+
Stable

Stable
15.05.2018 Sahara Housingfina Corporation Ltd Non-Convertible Debenture of Rs. 30.00 crores IVR BB- Stable
14.05.2018 Hillman Hosiery Mills Pvt. Ltd. Long Term Bank facilities of Rs. 15.00 crores (including proposed incremental limits of Rs.0.15 Cr) IVR BB+ Stable
09.05.2018 Himadri Speciality Chemical Limited Commercial Paper of Rs. 25.00 crores. IVR A1+ (Withdrawn) -
03.05.2018 Ashwatha Developers Proposed NCDs of Rs. 150.00 crores. IVR B+ Stable
27.04.2018 Maple ODC Movers Pvt. Ltd. Long Term Fund Based Facilities of Rs. 10.00 crores. (including proposed limit of Rs.4.00 crore)

Short Term Non-Fund Based Facilities of Rs. 5.00 crores. (including proposed limit of Rs.4.00 crore)
IVR A-


IVR A2+
Stable


-
26.04.2018 Smilax Laboratories Limited Long-Term Debt- Term Loan of Rs. 75.44 crores.

Long Term Fund Based Facilities- Cash Credit of Rs. 33.00 crores.

Short Term Non-Fund Based Limits- L.C/B.G/Forward Contracts of Rs. 34.36 crores.
IVR D


-
25.04.2018 Worlds Window Wardha Infrastructure Pvt. Ltd. Long Term Debt- Proposed Term Loan of Rs. 50.00 crores. IVR A- Stable
25.04.2018 Sanjvik Terminals Pvt. Ltd. Long Term Debt- Term Loan of Rs. 30.00 crores. (incl. proposed limits of Rs.1.98 crore) IVR A- Stable
25.04.2018 GOCL Corporation Ltd. Long Term Fund Based Limits of Rs. 20.00 crores. (incl. proposed limit of Rs.5.00 crore)

Short Term Non-Fund Based Facilities of Rs. 85.00 crores. (incl. proposed limits of Rs.29.00 crore)

Letter of Comfort of Rs. 689.41 crores. (USD 107.41 mn)
IVR A-


IVR A2+


IVR A-
Stable


-


Stable
20.04.2018 Electrosteel Castings Limited Non-Convertible Debentures (Series VI) Rs. 125.00 crores.

Non-Convertible Debentures (Series VII) of Rs. 75.00 crores.
IVR A

IVR A
Stable

Stable
20.04.2018 Khyati Realtors Private Ltd Commercial Paper of Rs. 500.00 crores. IVR A1+ (Withdrawn) -
18.04.2018 Sai Point Finance Corporation Ltd. Long term Bank Facilities of Rs. 50.00 crores. IVR BB+ Stable
16.04.2018 Glass Wall Systems (India)Private Limited Fund Based Facilities Rs. 85.00 crores.

Non-Fund Based Facilities of Rs. 165.00 crores.
IVR A-

IVR A2+
Stable

-
09.04.2018 Mangalam Cement Limited Non-Convertible Debentures (Proposed) Rs. 250.00 crores. IVR AA- Stable
03.04.2018 Tuaman Engineering Limited Long Term Fund Based Facilities- Cash Credit of Rs. 15.00 crores.

Short Term Non Fund Based Facilities- Bank Guarantee of Rs. 25.00 crores.
IVR A-

IVR A2+
Stable

-
03.04.2018 Kamaljeet Singh Ahluwalia Long Term Fund Based Facilities- Term Loan Rs. 475.00 crores. IVR BBB- Stable
03.04.2018 Kaypee Enterprises Long Term Fund Based Facilities- Term Loan Rs. 200.00 crores. IVR BBB- Stable
02.04.2018 RV Wines LLP Non-Fund Based Facilities Rs. 30.00 crores. (incl. proposed CC sublimit of Rs.1 crore) IVR B+/IVR A4 Stable/-
02.04.2018 Avyukta Agro Impex Private Limited Non-Fund Based Facilities of Rs. 30.00 crores. (incl. proposed CC sublimit of Rs.1 crore) IVR B+/IVR A4 Stable/-
30.03.2018 N.E.Agency Long Term Fund Based Facilities- Cash Credit of Rs. 5.00 crores.

Long Term /Short Term Bank Facilities (Proposed)of Rs. 21.00 crores.
IVR BB

IVR BB/IVR A4
Stable

Stable/-
28.03.2018 Paisalo Digital Ltd. Fund Based Facilities of Rs. 990.00 crores. IVR A Stable
27.03.2018 Kota Electricity Distribution Limited Long Term Facilities- Term Loan of Rs. 75.00 crores.

Long Term Non Fund Based Facilities- Bank Guarantee of Rs. 133.00 crores.

ShortTermFundBased Facilities- Overdraft of Rs. 100.00 crores.
IVR BBB +

IVR BBB +


IVR A2
Stable

Stable


-
27.03.2018 Bikaner Electric Supply Limited Long Term Non Fund Based Facilities- Bank Guarantee of Rs. 102.00 crores.

ShortTermFundBased Facilities- Overdraft of Rs. 100.00 crores.
IVR BBB +


IVR A2
Stable


-
27.03.2018 Ispat India Long Term Facilities- Term Loan of Rs. 8.50 crores.

Long Term Fund Based Facilities- Cash Credit of Rs. 18.00 crores.
IVR BBB -

IVR BBB -
Stable

Stable
27.03.2018 Bharatpur Electric Services Limited Long Term Non Fund Based Facilities- Bank Guarantee of Rs. 42.50 crores.

ShortTermFundBased Facilities- Overdraft of Rs. 40.00 crores.
IVR BBB +


IVR A2
Stable


-
23.03.2018 TIL Ltd. Outstanding Term Loan of Rs. 15.75 crores.

CC Facilities of Rs. 145.00 crores.

LC/BG Facilities of Rs. 200.00 crores.
IVR BBB+

IVR BBB+

IVR BBB+ / IVR A2
Positive Outlook

Positive Outlook

Positive Outlook / -
20.03.2018 Worlds Window Infrastructure & Logistics Pvt. Ltd. Term Loan of Rs. 15.40 crores.

Fund Based Facilities of Rs. 85.50 crores. (including proposed limit of Rs.75.00 crore)

Non-Fund Based Facilities of Rs. 29.10 crores. (including proposed limit of Rs.14.60 crore)
IVR A-


IVR A-


IVR A2+
Stable


Stable


-
20.03.2018 Magnifico Minerals Pvt. Ltd. Long Term Fund based facilities- Cash Credit of Rs. 35.00 crores. (including proposed limits of Rs. 4.00 crore)

Short Term Non-Fund based facilities- LC of Rs. 365.00 crores. (including proposed limit of Rs.27.00 crore)
IVR A-


IVR A2+
Stable


-
20.03.2018 Maple Logistics Pvt. Ltd. Long Term Fund based facilities- Cash Credit of Rs. 78.00 crores. (including proposed limits of Rs. 9.75 crore)

Short Term Non-Fund based facilities- LC/BG of Rs. 22.00 crores. (including proposed limit of Rs.8.25 crore)
IVR A-


IVR A2+
Stable


-
20.03.2018 Everest Metals FZE Fund Based Facilities- Existing of Rs. 76.70 crores. (11.80 mn USD)

Fund Based Facilities- Proposed of Rs. 63.30 crores. (9.74 mn USD)
IVR A-


IVR A-
Stable


Stable
19.03.2018 Sunstream City Private Limited Non-Convertible Debentures (NCD) (Zero Coupon Bonds) of Rs. 817.9 crores IVR B- (ISSUER NOT COOPERATING)
Negative Outlook (ISSUER NOT COOPERATING)
12.03.2018 Lahari Laminates Private Limited Long Term Fund Based Facilities- Cash Credit of Rs. 20.00 Crores IVR BB+
Stable
08.03.2018 Seagull Maritime Agencies Pvt. Ltd. Long Term Fund based facilities- Cash Credit of Rs. 35.00 Crores (including proposed limits of Rs. 20 crore) IVR A-
Stable
08.03.2018 Alstrong Enterprises IndiaPvt. Ltd. Long Term Fund based facilities- Cash Credit of Rs. 100.00 crores. (including proposed limits of Rs. 50 crore)

Short Term Non-Fund based facilities- LC/BG of Rs. 50.00 crores.
IVR A-


IVR A2+
Stable


-
08.03.2018 Eastern Logica Infoway Limited Long Term Fund Based Facilities- Cash Credit (Including proposed limit of Rs.12 crore) of Rs. 35.00 Crores IVR BBB
Stable
05.03.2018 Royal Infraconstru Limited Long Term/ Short Term Bank Facilities - 369.09 Crores IVR A- / IVR A2+
Stable
26.02.2018 Wudtools Long Term Fund Based Facilities- Cash Credit of Rs 12 crores. IVR BB
Stable
22.02.2018 Radiant Life Care Pvt. Ltd. (formerly, Halcyon Finance & Capital Advisors Pvt. Ltd.) Non-Convertible Debentures of Rs. 147.50 crores.

Long-term loan of Rs. 65.00 crores.
IVR A-

IVR A-
Stable

Stable
21.02.2018 BKM Industries Ltd (Formerly, Manaksia Industries Ltd) Corporate Governance Rating IVR CGR 3+ (Withdrawn) -
19.02.2018 BKM Industries Ltd (Formerly, Manaksia Industries Ltd) Commercial Paper of Rs. 50.00 crores. IVR A2+ (Withdrawn) -
16.02.2018 Worlds Window Impex India Pvt. Ltd. Long Term Fund based facilities- Cash Credit of Rs. 195.50 crores. (including proposed limits of Rs. 10.50 crore)

Short Term Fund based facilities- EPC/PCFC/LC/BG of Rs. 804.50 crores. (including proposed limits of Rs. 150 crore)
IVR A-


IVR A2+
Stable


-
12.02.2018 Clininvent Research Private Limited Long Term Facilities- Term Loan (including proposed limit of Rs.14.45 crore) of Rs. 54.00 crores.

Long Term Fund Based Facilities - Cash Credit of Rs. 7.00 crores.

Long Term Non Fund Based Facilities- Derivative Contract of Rs. 2.00 crores.

Short Term Non Fund Based Facilities - Letter of Creditof Rs. 7.00 crores.
IVR A- (SO)


IVR A- (SO)

IVR A- (SO)

IVR A2+ (SO)
Stable


Stable

Stable

-
09.02.2018 Nayati Pharma Pvt Ltd Fund based facilities- Cash Credit of Rs. 10.00 (incl. proposed limit of Rs.5.20 crore) IVR BBB- Stable
07.02.2018 Clininvent Research Private Ltd Issuer Rating IVR BBB [Is] (Withdrawn) Stable
07.02.2018 Turtle Limited Long Term Fund Based Facilities- Cash Credit (including proposed limit) of Rs. 58.80 crores.

Short Term Fund Based Facilities- Standby Line of Credit of Rs. 3.00 crores.

Short Term Non Fund Based Facilities- Letter of Credit of Rs. 3.00 crores.

Short Term Non Fund Based Facilities- Credit Exposure Limit of Rs. 0.20 crores.
IVR BBB +/Positive Outlook

IVR A2

IVR A2

IVR A2
-


-

-

-
31.01.2018 Phillips Carbon Black Ltd. Term Loan (Present Outstanding) of Rs. 4.52 crores. IVR AA- Stable
31.01.2018 Vikram India Limited Long-Term Debt- Term Loan of Rs. 2.46 crores.

Long Term Fund Based Facilities- Cash Credit of Rs. 30.00 crores.

Short Term Fund Based Facilities- PC/PCFC of Rs. 11.00 crores.

Short Term Non Fund Based Facilities- Letter of Credit of Rs. 17.00 crores.
IVR BBB-

IVR BBB-

IVR A3

IVR A3
Stable

Stable

-

-
23.01.2018 Vijay Transformers Long term Bank Facilities of Rs. 2.50 crores.

Long/Short term Bank Facilities of Rs. 5.00 crores.

Short term Bank Facilities of Rs. 1.00 crores.
IVR BB-

IVR BB-/ IVR A4

IVR A4
Stable

Stable

-
23.01.2018 SVR Electricals Private Ltd. Long term Bank Facilities of Rs. 7.25 crores.

Long/Short term Bank Facilities of Rs. 18.75 crores.

Short term Bank Facilities of Rs. 1.00 crores.
IVR BB-

IVR BB-/ IVR A4

IVR A4
Stable

Stable

-
22.12.2017 R.R.Energy Ltd. Long-Term Debt- Term Loan of Rs. 38.54 crores.

Long Term Fund based facilities- Cash Credit of Rs. 19.36 crores.

Short Term Non Fund based facilities- Letter of Credit of Rs. 14.00 crores

Short Term Non Fund based facilities- Bank Guarantee of Rs. 2.10 crores.
IVR BB

IVR BB

IVR A4

IVR A4
Stable

Stable

-

-
21.12.2017 Haldia Petrochemicals Limited Commercial Paper (by earmarking fund based working capital bank limit)of Rs.100.00 crores IVR A1+ -
18.01.2018 Fortune Chemicals Ltd. Proposed Term Loan of Rs. 45.00 crores.

Proposed Long Term Fund based facilities- Cash Credit of Rs. 5.00 crores.
IVR BBB

IVR BBB
Stable

Stable
18.01.2018 Deevya Shakti Paper Mills Pvt Ltd. Fund Based Facilities of Rs. 36.00 crores.

Term Loans of Rs. 6.50 crores.

Non-Fund Based Facilities of Rs. 6.22 crores
IVR A-

IVR A-

IVR A2+
Stable

Stable

-
18.12.2017 Srikalahasthi Pipes Ltd. Outstanding Long-Term Borrowing (LTB) Programme of Rs.84.9 crores.

Proposed LTB/Non-Convertible Debentures (NCD) of Rs.115.1 crores
IVR A+ (Withdrawn)


IVR A+ (Withdrawn)
Stable


Stable
15.12.2017 Indiabulls Ventures Ltd. Commercial Paper (Proposed) of Rs.750.00 crores IVR A1+ -
15.12.2017 R.R.Energy Ltd. Long-Term Debt- Term Loan of Rs. 5.00 crores.

Long Term Fund based facilities- Cash Credit of Rs. 20.00 crores.

Short Term Fund based facilities- Letter of Credit of Rs. 5.00 crores
IVR BB

IVR BB


IVR A4
Stable

Stable


-
14.12.2017 Worldwide Metals Private Ltd. Long term Bank Facilities of Rs.96.00 crores.

Short term Bank Facilities of Rs.4.00 crores
IVR BB+

IVR A4
Stable

-
14.12.2017 Oyster Steel & Iron Private Ltd. Long/Short-term Bank Facilities of Rs.140.00 crores.

Short term Bank Facilities of Rs.20.00 crores
IVR BB/IVR A4


IVR A4
Stable


-
14.12.2017 Olympus Metal Private Ltd. Long/Short-term Bank Facilities of Rs.75.00 crores.

Short term Bank Facilities of Rs.10.00 crores
IVR BB+/IVR A4


IVR A4
Stable


-
14.12.2017 Draken Metals Trading Private Ltd. Long/Short-term Bank Facilities of Rs.150.00 crores IVR BB / IVR A4 Stable
11.12.2017 DMG Polypack Pvt Ltd. Long-Term Debt- Term Loan of Rs. 13.31 crores.

Long Term Fund based facilities- Cash Credit of Rs. 4.00 crores.

Short Term Fund based facilities- Foreign Bill Discounting of Rs. 2.69 crores (including proposed limits of Rs.0.69 crore)
IVR BBB-

IVR BBB-


IVR A3
Stable

Stable


Stable
08.12.2017 Waaree Energies Ltd. Long-Term Non- Convertible Debentures – Series I of Rs. 45.00 crores.

Long-Term Non- Convertible Debentures – Series II of Rs. 55.00 crores
IVR BB+


IVR BB+
Stable


Stable
17.11.2017 Shri Ram Raja Sarkar Lok Kalyan Trust Long Term Debt- Term Loan (incl. proposed limits)





Fund Based FacilitiesOverdraft (incl. proposed limits)
IVR BB/Stable Outlook(IVR Double B with Stable Outlook)


IVR BB/Stable Outlook(IVR Double B with Stable Outlook)
-


-
06.11.2017 Indiabulls Mutual Fund Indiabulls Short Term Fund IVR AAAmfs -
06.11.2017 Indiabulls Mutual Fund Indiabulls High Yield Fund (IBHYF) of Rs. 1000 crores

Indiabulls Dual Advantage Commercial Asset Fund (IBDACAF) Rs. 1000 crores
IVR AAA(AIF)


IVR AAA(AIF)
-


-
01.11.2017 Sara International Pvt Ltd. Long-Term/Short TermFund based facilities- Cash Credit/PCFC/PSCFC of Rs. 70.00 crores

Short Term Non-fund based facilities- LC/BG/Buyer's Credit of Rs.96.00 (incl. proposed limits of Rs.26 crore)
IVR BB- / IVR A4


IVR A4
Stable


Stable
30.10.2017 Khyati Realtors Private Ltd. Commercial Paper of Rs.500.00 crores IVR A1+ (SO) -
30.10.2017 Suraksha Realty Ltd. Commercial Paper of Rs. 1150 crores IVR A1+ (SO) -
03.10.2017 Dhariwal Infrastructure Ltd. Issuer Rating IVR A-(Is) (Withdrawn) -
03.10.2017 Srikalahasthi Pipes Ltd. Outstanding Long-Term Borrowings (LTB) of Rs. 84.9 crore

Proposed LTB Programme/Non-Convertible Debentures of of Rs.115.1 crore(increased from Rs.67.94 crores)
IVR A+ (Downgraded)


IVR A+ (Assigned/Downgraded)
Stable


Stable
22.09.2017 Simplex Infrastructures Ltd Commercial Paper (earmarked out of tied up fund based working capital bank limit) of Rs. Rs.650.00 crores IVR A1+ -
14.09.2017 Karuna Healthcare Pvt. Ltd. Non Convertible Debenture of Rs. Rs.160.00 crores IVR A(SO) Stable
14.09.2017 Indiabulls Mutual Fund Indiabulls Liquid Fund IVR AAAmfs -
04.09.2017 Rean Watertech Private Ltd. Long/Short-term Bank Facilities Rs.5.85 crores
Long term Bank Facilities Rs. 46.15 Crores
IVR BBB- / IVR A3

IVR BBB-
Stable

Stable
28.08.2017 SAK Buildtech Pvt.Ltd. Term Loan of Rs.32.00 crores IVR BB Stable
24.08.2017 Electrosteel Castings Ltd. Commercial Paper of Rs.100.0 crores IVR A1+ (Withdrawn) -
22.08.2017 TIL Ltd. Long Term Bank Facilities Rs.166.7 crores

Long/Short-term Bank Facilities Rs. 200 Crores
IVR BBB+

IVR BBB+/IVR A3+
Stable

Stable
31.07.2017 Simplex Infrastructures Ltd Rs.75 crores (including present outstanding of Rs.50 crores)
Commercial Paper (earmarked out of tied up fund based working capital bank limit) Rs.250 Crores
IVR A1

IVR A1+
-

-
25.07.2017 Himachal Futuristic Communications Ltd. Long/Short-term Bank Facilities -Rs.975.57 crores IVR A- / IVR A2+ Stable
14.07.2017 Himachal Futuristic Communications Ltd. Issuer Rating IVR A- (Is) Stable
14.07.2017 Globus Spirits Ltd. Commercial Paper of Rs. 25 crores (To be earmarked out of tied up fund based working capital limits.) IVR A1 -
05.07.2017 India Power Corporation Ltd. Long-term Credit Facility of Rs. 225.00 crores IVR A Negative Outlook
04.07.2017 Sunstream City Private Limited Non-Convertible Debentures (NCD) Rs.817.9 crores (present outstanding) IVR B- Negative Outlook
10.05.2017 India Power Corporation Limited. Commercial Paper of Rs. Rs.50.00 crores IVR A1+ --
09.05.2017 Karuna Healthcare Private Limited. Non Convertible Debenture Rs.160.00 crores Provisional IVR A(SO) Stable
03.05.2017 Clininvent Research Private Limited. Issuer Rating IVR BBB [Is] Stable
04.04.2017 Sahara Housingfina Corporation Ltd. Non Convertible Debentures Rs.30.00 Crores IVR BB- Stable
01.04.2017 Electrosteel Castings Limited Non Convertible Debentures (Series VI) Rs.125.00 Crores (present outstanding)
Non Convertible Debentures (Series VII) Rs.75.00 Crores(present outstanding)
IVR A

IVR A
Stable

Stable
01.04.2017 Electrosteel Castings Limited Non Convertible Debentures Rs.130.00 Crores (proposed) IVR A (Withdrawn) Stable
28.03.2017 Himadri Speciality Chemical Ltd. Commercial Paper of Rs.25.00 crores (carved out of the tied-up fund based working capital limits of the company) IVR A1+ -
25.03.2017 Radius & Deserve Land Developers Pvt. Ltd. Non Convertible Debentures Rs 302 Crores (present outstanding) IVR BB - Stable
24.03.2017 Philips Carbon Black Ltd Term Loan of Rs 50 Crores (present outstanding) IVR A+ Stable
20.03.2017 Indiabulls Mutual Fund Indiabulls Dual Advantage Commercial Asset Fund of Rs.1000 crores. IVR AAA(AIF) (pronounced IVR Triple A Alternative Investment Fund) -
03/02/2017 Karle Infra Pvt. Ltd.(KIPL) Issuer Rating IVR BBB-(Is) (withdrawn) Stable
24/12/2016 Manaksia Industries - Commercial Paper Commercial Paper programme for an amount upto Rs.50 crores IVR A2+ -
24/12/2016 Manaksia Industries - Corporate Governance Corporate Governance practices IVR CGR 3+ -
24/12/2016 Electrosteel Castings Ltd - NCD Five year Non Convertible Debenture programme for an aggregate amount of Rs.130 crores. IVR A Stable
06/12/2016 Khandwala Enterprise Pvt Ltd (KEPL) Rs 200 crores unsecured non-convertible debentures IVR BB (withdrawn) Stable
02/11/2016 Indiabulls Mutual Fund Short Term Fund IVR AAAmfs Stable
10/10/2016 Indiabulls Mutual Fund Indiabulls High Yield Fund for a maximum issue size of Rs. 1000 crores (including a greenshoe option of Rs. 500 crores). IVR AAA (AIF) Stable
27/09/2016 Electrosteel Castings Ltd Commercial Paper programme of Rs.100 crores IVR A1+ -
09/09/2016 Srikalahasthi Pipes Ltd. Non-Convertible
Debentures/Long-term Borrowing
IVR AA Stable
26/08/2016 Dhariwal Infrastructure Ltd. Issuer Rating IVR A-(Is) Stable
22/08/2016 Simplex Infrastructures Ltd. Commercial Paper programme

upto an amount of Rs.250 crores upto 365 days

IVR A1+ -
27/04/2016 Khandwala Enterprise Pvt Ltd (KEPL) Rs 200 crores unsecured non-convertible debentures IVR BB Stable
20/04/2016 Sunstream City Pvt Ltd (SCPL) Rs 820.2 crores non-convertible debentures IVR B- Stable
09/02/2016 Karle Infra Pvt Ltd (KIPL) Issuer rating IVR BBB-(Is) Stable
09/02/2016 Radius & Deserve Land Developers Pvt Ltd Rs 315 crores, 3 years, senior secured NCD issuance IVR BBB-(SO) Stable

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