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RPT-ICRA ratings for Indian debt instruments-Sep 1

 (Repeating to add additional ratings)
   Sep 1 - Below are the ratings awarded by Investment Information Credit Rating Agency Ltd.
(ICRA) for local debt instruments as of August 31, 2020.


COMPANY                                INSTRUMENT           RATING      AMOUNT MOVEMENT
                                                                       (RS.MLN)
------                                 ----------           ------      -----  ---------
SHORT TERM RATINGS:
-------------------
Akash Enterprises                      ST - Non fund based -ICRA A4     106.5  -
                                       BG
(moved to the ‘Issuer Not Cooperating’ category)
Aryan Paper Mills Pvt. Ltd.            Non-fund Based - LC  ICRA A3+    40     Reaffirmed
Atlas Cycles (Haryana) Ltd             ST – Fund based –    ICRA D      150    -
                                       Bills Discounting
(Reason for delay in carrying out periodic review: - Review process is underway)
Atlas Cycles (Haryana) Ltd             ST – Fund based –    ICRA D      23     -
                                       Bills Discounting
(Reason for delay in carrying out periodic review: - Review process is underway)
Aryan Paper Mills Pvt. Ltd.            CEL                  ICRA A3+    3.3    Reaffirmed
Capital Steel Corporation              Non-FB – LOC         ICRA A4     550    -
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Capital Steel Corporation              Non-FB – Credit      ICRA A4     11     -
                                       Exposure Limit
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Christian Medical College              ST FB Fac            ICRA A1+    5      -
Vellore Association
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Christian Medical College              ST non-fund based Fac ICRA A1+   280    -
Vellore Association
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Iris Computers Ltd                     ST - Fund based      ICRA A4+    400    -
(Rating downgraded from ICRA A3 and moved to ‘Issuer Not Cooperating’ category)
Jalaram Agriexports Pvt. Ltd           ST - Non-Fund Based  ICRA A4     20     -
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Eurotex Industries And Exports         ST NFBL              ICRA D      110    Withdrawn
Ltd
Jay Kishan Fibre Pvt Ltd               Fund based           ICRA A4     50     -
                                       Warehousing Loan
(Rating Continues to remain under the ‘Issuer Not Cooperating’ category)
Jay Kishan Fibre Pvt Ltd               Non-fund based       ICRA A4     25     -
                                       Foreign Documentary
                                       Bills Purchase (FDBP)
(Rating Continues to remain under the ‘Issuer Not Cooperating’ category)
Jay Metal                              ST Facility^         ICRA A4     -      -
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Joyalukkas India Pvt Ltd               ST - Interchangeable ICRA A1     -      Reaffirmed
                                       (sub-limits)
Kalpesh Synthetics Pvt Ltd             ST Interchangeable   ICRA A4     -      -
(Rating moved to ‘Issuer Not Cooperating’)
Mahindra & Mahindra Ltd                ST, Non-FB Fac       ICRA A1+    3500   Reaffirmed
Mahindra Vehicle Manufacturers         CP                   ICRA A1+    6000   Reaffirmed
Ltd
Marinelines Ship Breakers Pvt          Non-Fund based – LOC ICRA A4     300    -
Ltd
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Master Blenders Pvt Ltd                ST FBL               ICRA A4     32.5   -
(Rating Continues to remain under issuer not cooperating category)
Master Blenders Pvt Ltd                ST interchangeable   ICRA A4     -      -
                                       limit
(Rating Continues to remain under issuer not cooperating category)
Nice Sesame Agro Industries            Non-fund based – BG  ICRA A4     2      -
(Rating Continues to remain under the ‘Issuer Not Cooperating’ category)
Orange Ceramics                        Non-fund based - BG  ICRA A4     8      -
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Paris Elysees India Pvt Ltd            ST- Fund Based/CC    ICRA A4     90     -
(Reason for delay in carrying out periodic review: - Review process is underway)
Paris Elysees India Pvt Ltd            Short-               ICRA A4     9      -
                                       term/Unallocated
(Reason for delay in carrying out periodic review: - Review process is underway)
Paris Elysees India Pvt Ltd            ST-Non-fund Based/LOCICRA A4     8.5    -
(Reason for delay in carrying out periodic review: - Review process is underway)
Safar Polyfibre Pvt. Ltd               BG                   ICRA A4     47     -
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Safar Polyfibre Pvt. Ltd               CEL for Forward      ICRA A4     0.9    -
                                       Contract
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Shantai Exim Ltd                       ST fund based limit  ICRA A4     230    -
(Rating Continues to remain under issuer not cooperating category)
Shiv Biri Manufacturing Co.            Non-fund Based- BG   ICRA A4     50     Reaffirmed
Pvt Ltd
Shree Jagdamba Agrico Exports          ST- Fund Based       ICRA A4     500    Withdrawn
Pvt Ltd
Shree Sakthi Vinayagar Weaves          ST- Non Fund Based- BICRA A4     7.7    Withdrawn
Pvt Ltd
(ISSUER NOT COOPERATING)
Shree Sakthi Vinayagar Weaves          ST- Non Fund Based-  ICRA A4     75     Withdrawn
Pvt Ltd                                LOC
(ISSUER NOT COOPERATING)
Shyam Textiles Ltd                     ST, Non-fund based   ICRA A4+    60     -
(Reason for delay in carrying out periodic review: The process could not be completed in time
due to COVID-19 lockdown situation. However, received part
Skh Metals Ltd                         Non-fund Based -     ICRA A3     400    Reaffirmed
                                       Working Capital Fac
Sri Shyam Agro Traders                 ST – Fund Based      ICRA A4     20     -
(reaffirmed and removed from “Issuer Not-Cooperating” category)
Sundar Timber Products                 LOC cum Buyers Credit ICRA A4    70     -
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Sundaram Alternate Assets Ltd          ST Bk Fac            ICRA A1+    50     -
(Reason for delay in carrying out periodic review: - Review process is underway)
Sundaram Asset Management Co.          ST Bk Fac            ICRA A1+    300    -
Ltd
(Reason for delay in carrying out periodic review: - Review process is underway)
Mini Diamonds (India) Ltd              ST FBL               ICRA D      55     -
(Rating Continues to remain under the ‘Issuer Not Cooperating’ category)
Taj Sats Air Catering Ltd              ST, Non-FBL          ICRA A1+    20     Reaffirmed
The Kothari Wheels                     ST – FB              ICRA A4+    170    Reaffirmed
The Tata Power Co. Ltd                 CP (CP)              ICRA A1+    70000  Reaffirmed
Thermax Ltd                            Non-FBL              ICRA AA+    44500  -
                                                            (Stable)
                                                            and ICRA A1+
(reaffirmed and withdrawn)
Torrent Pharmaceuticals Ltd            CP                   ICRA A1+    2000   Reaffirmed
(removed from ratings watch with negative implications)
Torrent Pharmaceuticals Ltd            CP                   ICRA A1+    -      -
(removed from ratings watch with negative implications reaffirmed and withdrawn)
Unique Ship Breaking                   Non-Fund Based LOC   ICRA A4     450    -
Corporation
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Everest Organics Ltd                   Non-Fund based       ICRA A3     56     Upgraded
                                                                               from ICRA A4+
Hi-Q Electronics (P) Ltd               ST – Non-fund Based  ICRA A3+    30     Upgraded
                                                                               from ICRA A3
Kellton Tech Solutions Ltd             ST Non-FB Fac        ICRA A3     200
downgraded from ICRA A2 and moved to ‘Issuer Not Cooperating’ category
Moneywise Financial Services Pvt Ltd   CP Programme         ICRA A1+ (CE500    Reaffirmed
Nahar Capital And Financial Services LtCP Programme         ICRA A1+    250    Reaffirmed
Pyramid Technoplast Pvt Ltd            ST non-FBL           ICRA A3     313    Reaffirmed
Pyramid Technoplast Pvt Ltd            ST interchangeable   ICRA A3            Reaffirmed
                                       limits
Smc Global Securities Ltd.             CP                   ICRA A1+    250    Reaffirmed
Unique Engineers Pvt Ltd               ST Non-fund based    ICRA A4+    400
Rating downgraded from ICRA A3+ and moved to ‘Issuer Not Cooperating’ category
Bajaj Allianz General Insurance Co. Ltd-                    -                  Rating
                                                                               withdrawn
 

MEDIUM TERM RATINGS:
-------------------
Aryan Packaging Products Pvt.          Medium-term Fixed    MB(Stable)  25     Reaffirmed
Ltd.                                   Deposit Programme
Aryan Paper Mills Pvt. Ltd.            Medium-term Fixed    MA-(Stable) 40     Reaffirmed
                                       Deposit Programme
Sri Sarvaraya Sugars Ltd               Fixed Deposit        MB (Stable) 100    -
                                       Programme
Seyad Shariat Finance Ltd              Fixed Deposit        MA- (Stable)-      Reaffirmed
                                       Programme


 
LONG TERM RATINGS:
-------------------
Akash Enterprises                      LT - Fund Based – CC ICRA B+     80     -
                                                            (Stable)
(Rating downgraded from ICRA BB- (Stable) and moved to the ‘Issuer Not Cooperating’ category)
Amrut Cotton Industries                FB – CC              ICRA B+     160    -
                                                            (Stable)
(Rating Continues to remain under the ‘Issuer Not Cooperating’ category)
Amrut Cotton Industries                Fund based- TL       ICRA B+     17     -
                                                            (Stable)
(Rating Continues to remain under the ‘Issuer Not Cooperating’ category)
Aryan Packaging Products Pvt.          Unallocated limits   ICRA BB-    31.9   Reaffirmed
Ltd.                                                        (Stable) /A4
Aryan Packaging Products Pvt.          FB TL                ICRA        90.6   Reaffirmed
Ltd.                                                        BB-(Stable)
Aryan Packaging Products Pvt.          FB CC                ICRA        50     Reaffirmed
Ltd.                                                        BB-(Stable)
Aryan Paper Mills Pvt. Ltd.            FB TL                ICRA BBB    226.4  Reaffirmed
                                                            (Stable)
Aryan Paper Mills Pvt. Ltd.            FB CC                ICRA BBB    120    Reaffirmed
                                                            (Stable)
Aryan Paper Mills Pvt. Ltd.            Unallocated Limits   ICRA BBB    38.3   Reaffirmed
                                                            (Stable)/A3+
Ascent Hotels Pvt Ltd                  FB Bk Fac (TL)       ICRA BBB-   2205   Reaffirmed
                                                            (Negative)
Asir Automobiles Pvt Ltd               LT– Fund Based- CC   ICRA        50     Withdrawn
                                                            BB-(Stable)
(ISSUER NOT COOPERATING)
Asir Automobiles Pvt Ltd               LT– Fund Based- TL   ICRA        60.5   Withdrawn
                                                            BB-(Stable)
(ISSUER NOT COOPERATING)
Asir Automobiles Pvt Ltd               LT– Unallocated      ICRA        9.5    Withdrawn
                                                            BB-(Stable)
(ISSUER NOT COOPERATING)
Atlas Cycles (Haryana) Ltd             LT – Fund based – CC ICRA D      450    -
(Reason for delay in carrying out periodic review: - Review process is underway)
Atlas Cycles (Haryana) Ltd             LT – Non-fund Based –ICRA D      222    -
                                       BGs/LCs
(Reason for delay in carrying out periodic review: - Review process is underway)
Axis Wind Farms (Rayalaseema)          FB TL                ICRA        5122.3 -
Pvt Ltd                                                     BBB(Stable)
(upgraded from ICRA BBB-(Negative))
Axis Wind Farms (Rayalaseema)          FB Working Capital Fac ICRA      450    -
Pvt Ltd                                                     BBB(Stable)
(upgraded from ICRA BBB-(Negative))
Axis Wind Farms (Rayalaseema)          LT Unallocated Fac   ICRA        517.7  -
Pvt Ltd                                                     BBB(Stable)
(upgraded from ICRA BBB-(Negative))
Birla Corporation Ltd                  9.25% NCD            ICRA AA     2000   Reaffirmed
                                                            (Stable)
Birla Corporation Ltd                  9.25% NCD            ICRA AA     500    Reaffirmed
                                                            (Stable)
Birla Corporation Ltd                  9.15% NCD            ICRA AA     1500   Reaffirmed
                                                            (Stable)
Capital Steel Corporation              FB – CC              ICRA B+     70     -
                                                            (Stable)
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Christian Medical College              LT FB TL             ICRA AA     8200   -
Vellore Association                                         (Stable)
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Christian Medical College              LT – Proposed Fac    ICRA AA     15     -
Vellore Association                                         (Stable)
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Cooper-Standard India Pvt. Ltd         FB/ Non fundbased Fac ICRA B+    550    -
                                                            (Negative)
                                                            /ICRA A4
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Eurotex Industries And Exports         LT FBL               ICRA D      513.8  Withdrawn
Ltd
Eurotex Industries And Exports         Unallocated amount   ICRA D/ICRA 216.2  Withdrawn
Ltd                                                         D
Greenearth Infraventures Pvt           FB / TL              ICRA B+     64     -
Ltd:                                                        (Stable)
(Rating downgraded from ICRA BB (Stable) and moved to ‘Issuer Not Cooperating’ category)
Honer Developers Pvt Ltd               FBL                  ICRA BB+    650    Withdrawn
                                                            (Stable)
Honer Developers Pvt Ltd               Unallocated          ICRA BB+    150    Withdrawn
                                                            (Stable)
Ilv Distripark Pvt Ltd                 TL                   ICRA BBB+   1600   -
                                                            (Stable)
(Reason for delay in carrying out periodic review: Review process is underway)
Iris Computers Ltd                     LT - Fund based      ICRA BB+    600    -
                                                            (Stable)
(Rating downgraded from ICRA BBB- (Stable) and moved to ‘Issuer Not Cooperating’ category)
Jalaram Agriexports Pvt. Ltd           LT / ST - Fund Based ICRA B+     200    -
                                                            (Stable)/A4
(Long term rating downgraded from ICRA BB- (Stable) And Short term remains same at A4 Rating
continues to remain under ‘Issuer Not Cooperating’ category
Jay Kishan Fibre Pvt Ltd               FB – CC              ICRA B      120    -
                                                            (Stable)
(Rating Continues to remain under the ‘Issuer Not Cooperating’ category)
Jay Metal                              CC                   ICRA B      25     -
                                                            (Stable)
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Jay Metal                              TL                   ICRA B      28.5   -
                                                            (Stable)
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Jay Palghar Net Co                     FB – CC              ICRA B      7.5    -
                                                            (Stable)
(Rating Continues to remain under the ‘Issuer Not Cooperating’ category)
Jay Palghar Net Co                     Fund based- TL       ICRA B      22.5   -
                                                            (Stable)
(Rating Continues to remain under the ‘Issuer Not Cooperating’ category)
Jay Umiya Industries                   FB – CC              ICRA B      55     -
                                                            (Stable)
(Rating Continues to remain under the ‘Issuer Not Cooperating’ category)
Jay Umiya Industries                   Fund based- TL       ICRA B      13.4   -
                                                            (Stable)
(Rating Continues to remain under the ‘Issuer Not Cooperating’ category)
Joyalukkas India Pvt Ltd               LT - FB-TL           ICRA A      816.5  Reaffirmed
                                                            (Stable)
Joyalukkas India Pvt Ltd               LT/ST - Fund based   ICRA A      13550.9Reaffirmed
                                                            (Stable)/
                                                            ICRA A1
Joyalukkas India Pvt Ltd               LT/ST – Unallocated  ICRA A      752.6  Reaffirmed
                                                            (Stable)/
                                                            ICRA A1
K.D.Iron & Steel Co.                   FBL                  ICRA BB+    410    Withdrawn
                                                            (Stable)
K.S. Overseas Pvt Ltd                  FBL                  ICRA        1000   -
                                                            B+(Stable)
(Rating downgraded from ICRA BB(Stable) and continues to remain in the ‘Issuer Not Cooperating’
category)
Kalpesh Synthetics Pvt Ltd             LT FB/CC             ICRA B      98     -
                                                            (Stable)
(Rating moved to ‘Issuer Not Cooperating’)
Kalpesh Synthetics Pvt Ltd             LT Unallocated       ICRA B      28.3   -
                                                            (Stable)
(Rating moved to ‘Issuer Not Cooperating’)
Kanchan Auto Pvt Ltd                   LT - Fund Based CC   ICRA B+     90     -
                                                            (Stable)
(Rating downgraded from ICRA BB+ (Stable) and continues to remain in the ‘Issuer Not
Cooperating’ category)
Kohinoor Education Trust               Fund based-TL        ICRA D      600    -
(Rating Continues to remain under the ‘Issuer Not Cooperating’ category)
Kohinoor Education Trust               Non-Fund basedBG     ICRA D      10     -
(Rating Continues to remain under the ‘Issuer Not Cooperating’ category)
Lendingkart Finance Ltd                Bk lines             ICRA BBB+   6000   Outstanding
                                                            (Stable) /
                                                            ICRA A2
Lendingkart Finance Ltd                NCD programme        ICRA        1000   Assigned
                                                            BBB+(Stable)
Lendingkart Finance Ltd                NCD programme        ICRA        4500   Outstanding
                                                            BBB+(Stable)
Mahi Corporation Pvt. Ltd              FB – CC              ICRA D      50     -
(Rating Continues to remain under the ‘Issuer Not Cooperating’ category)
Mahi Corporation Pvt. Ltd              Fund based- TL       ICRA D      14.5   -
(Rating Continues to remain under the ‘Issuer Not Cooperating’ category)
Mahindra & Mahindra Ltd                NCD Programme        ICRA AAA    15000  Reaffirmed
                                                            (Stable)
Mahindra & Mahindra Ltd                LT, FB Fac           ICRA AAA    650    Reaffirmed
                                                            (Stable)
Mahindra & Mahindra Ltd                LT, Non-FB Fac       ICRA AAA    1100   Reaffirmed
                                                            (Stable)
Mahindra Vehicle Manufacturers         NCD programme        ICRA AAA    2000   Reaffirmed
Ltd                                                         (stable)
Mahindra Vehicle Manufacturers         LT, term-loan Fac    ICRA AAA    1000   Reaffirmed
Ltd                                                         (stable)
Mahindra Vehicle Manufacturers         LT, FB Fac           ICRA AAA    3500   Reaffirmed
Ltd                                                         (stable)
Marinelines Ship Breakers Pvt          Fund based – CC      ICRA B+     50     -
Ltd                                                         (Stable)
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Maruti Nutriment Products              Unallocated limit    ICRA B      25     Assigned
                                                            (Stable)
Master Blenders Pvt Ltd                LT FBL               ICRA        37.5   -
                                                            B(Stable)
(Rating Continues to remain under issuer not cooperating category)
Meera Casting                          FB – CC              ICRA B      40     -
                                                            (Stable)
(Rating Continues to remain under the ‘Issuer Not Cooperating’ category)
Meera Casting                          Fund based- TL       ICRA B      26.5   -
                                                            (Stable)
(Rating Continues to remain under the ‘Issuer Not Cooperating’ category)
Milton Cycle Industries Ltd            LT: CC limits        ICRA        100    -
                                                            B+(Stable)
(Rating downgraded from ICRA BB+ (Stable) and moved to ‘Issuer Not Cooperating’ category)
Mini Diamonds (India) Ltd              LT FBL               ICRA D      35     -
(Rating Continues to remain under the ‘Issuer Not Cooperating’ category)
Nice Sesame Agro Industries            Fund based- TL       ICRA B+     8.4    -
                                                            (Stable)
(Rating Continues to remain under the ‘Issuer Not Cooperating’ category)
Nice Sesame Agro Industries            FB - CC              ICRA B+     89.6   -
                                                            (Stable)
(Rating Continues to remain under the ‘Issuer Not Cooperating’ category)
Nijanand Pipes And Fittings            CC                   ICRA D      50     -
Pvt Ltd
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Nijanand Pipes And Fittings            BG                   ICRA D      10     -
Pvt Ltd
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Nijanand Pipes And Fittings            Unallocated Limits   ICRA D/D    18.3   -
Pvt Ltd
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Orange Ceramics                        FB - TL              ICRA B+     50     -
                                                            (Stable)
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Orange Ceramics                        FB - CC              ICRA B+     30     -
                                                            (Stable)
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Orange Ceramics                        Unallocated Limits   ICRA B+     2      -
                                                            (Stable)
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Ozone Homes Pvt Ltd                    NCD                  ICRA BB     1800   -
(Rating downgraded from ICRA BB to ICRA B+ outlook revised to Stable from Negative)
Paris Elysees India Pvt Ltd            LT- Fund Based/TL    ICRA BB-    5.2    -
                                                            (Negative)
(Reason for delay in carrying out periodic review: - Review process is underway)
Paul Merchants Finance Pvt. Ltd        LT unallocated Bk    ICRA        600    Withdrawn
                                       lines                BBB-(Stable)
Print Solutions Pvt Ltd                Fund Based - TL      ICRA        190    -
                                                            B+(Stable)
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
Rathi Graphic Technologies Ltd         FB Limits Working    ICRA D      65     -
                                       Capital Limits
(Rating Continues to remain under the ‘Issuer Not Cooperating’ category)
Rathi Graphic Technologies Ltd         TL                   ICRA D      4.9    -
(Rating Continues to remain under the ‘Issuer Not Cooperating’ category)
Rathi Graphic Technologies Ltd         Unallocated          ICRA D      8.2    -
(Rating Continues to remain under the ‘Issuer Not Cooperating’ category)
Rathi Graphic Technologies Ltd         Non-FBL – LC/BG      ICRA D      40     -
(Rating Continues to remain under the ‘Issuer Not Cooperating’ category)
Rathi Graphic Technologies Ltd         Fund based - SLC     ICRA D      10     -
(Rating Continues to remain under the ‘Issuer Not Cooperating’ category)
Riddhi Siddhi Cotton Ginning &         CC                   ICRA D      200    -
Pressing Pvt. Ltd
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Rockland Ceramic Llp                   FB – CC              ICRA D      50     -
(Rating Continues to remain under the ‘Issuer Not Cooperating’ category)
Rockland Ceramic Llp                   Fund based- TL       ICRA D      124.5  -
(Rating Continues to remain under the ‘Issuer Not Cooperating’ category)
Rockland Ceramic Llp                   Non-FB – LOC         ICRA D      24     -
(Rating Continues to remain under the ‘Issuer Not Cooperating’ category)
Rockland Ceramic Llp                   LT/ST unallocated    ICRA D/D    1.5    -
(Rating Continues to remain under the ‘Issuer Not Cooperating’ category)
Safar Polyfibre Pvt. Ltd               CC                   ICRA B      100    -
                                                            (Stable)
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Safar Polyfibre Pvt. Ltd               TL                   ICRA B      252.5  -
                                                            (Stable)
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Sanghvi Buildtech Llp                  LT: Fund based – TL  ICRA        300    -
                                                            B(Stable)
(Rating Continues to remain under the ‘Issuer Not Cooperating’ category)
Shantai Exim Ltd                       LT fund based limit  ICRA C      70     -
(Rating Continues to remain under issuer not cooperating category)
Shiv Biri Manufacturing Co.            FB – CC              ICRA BB-    110    Reaffirmed
Pvt Ltd                                                     (Stable)
Shree Jagdamba Agrico Exports          LT-Fund Based-CC     ICRA B+     50     Withdrawn
Pvt Ltd                                                     (Stable)
Shree Khodal Cot-Gin Pvt. Ltd          FB – CC              ICRA D      65     -
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Shree Khodal Cot-Gin Pvt. Ltd          Fund based- TL       ICRA D      18.5   -
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Shree Laxmi Guar Gum Industrie         FB – CC              ICRA B      45     -
                                                            (Stable)
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Shree Laxmi Guar Gum Industrie         Fund based- TL       ICRA B      14.4   -
                                                            (Stable)
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Shree Ram Rayon - Surat                TL                   ICRA D      54.4   -
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Shree Ram Rayon - Surat                CC                   ICRA D      27.5   -
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Shree Ram Rayon - Surat                Seasonal CC          ICRA D      15     -
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Shree Ram Rayon - Surat                Proposed CC          ICRA D      2.1    -
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Shree Sakthi Vinayagar Weaves          LT– Fund Based- CC   ICRA        49     Withdrawn
Pvt Ltd                                                     B+(Stable)
(ISSUER NOT COOPERATING)
Shree Sakthi Vinayagar Weaves          LT– Fund Based- TL   ICRA        15     Withdrawn
Pvt Ltd                                                     B+(Stable)
(ISSUER NOT COOPERATING)
Shree Sakthi Vinayagar Weaves          LT– Fund Based- TL^  ICRA        -      Withdrawn
Pvt Ltd                                                     B+(Stable)
(ISSUER NOT COOPERATING)
Shree Sakthi Vinayagar Weaves          LT- Unallocated Limit ICRA       75     Withdrawn
Pvt Ltd                                                     B+(Stable)
(ISSUER NOT COOPERATING)
Shri Siddhbali Agro Industries         LT FB                ICRA B      58.1   -
                                                            (Stable)
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Shri Siddhbali Agro Industries         Unallocated          ICRA B      1.9    -
                                                            (Stable)
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Shyam Textiles Ltd                     LT, FB - CC          ICRA        350    -
                                                            BB+(Stable)
(Reason for delay in carrying out periodic review: The process could not be completed in time
due to COVID-19 lockdown situation. However, received part
Skh Metals Ltd                         TL                   ICRA BBB-   1683.7 Reaffirmed
                                                            (Negative)
(outlook revised to Negative from Stable)
Skh Metals Ltd                         FB - Working Capital ICRA BBB-   1875   Reaffirmed
                                       Fac                  (Negative)
                                                            /ICRA A3
(outlook revised to Negative from Stable)
Skh Metals Ltd                         Unallocated Limits   ICRA BBB-   41.3   Reaffirmed
                                                            (Negative)
                                                            /ICRA A3
(outlook revised to Negative from Stable)
Sonata Finance Pvt Ltd                 NCD programme        ICRA        250    Assigned
                                                            BBB(Stable)
Sonata Finance Pvt Ltd                 NCD programme        ICRA        2350   Reaffirmed
                                                            BBB(Stable)
Sonata Finance Pvt Ltd                 NCD programme        ICRA        -      -
                                                            BBB(Stable)
(reaffirmed and simultaneously withdrawn)
Sonata Finance Pvt Ltd                 LT Bk line           ICRA        5000   outstanding
                                                            BBB(Stable)
Sonata Finance Pvt Ltd                 Subordinated debt    ICRA        150    outstanding
                                       programme            BBB(Stable)
Srg Spinning And Weaving Mills         LT- Fund Based/ CC   ICRA B+     70     -
Pvt Ltd                                                     (Stable)
(Rating moved to ‘Issuer Not Cooperating’ category)
Sri Sarvaraya Sugars Ltd               FB Working Capital Fac ICRA BB-  937    -
                                                            (Stable)
(Upgraded from ICRA B (Stable))
Sri Sarvaraya Sugars Ltd               FB TL                ICRA BB-    481.3  -
                                                            (Stable)
(Upgraded from ICRA B (Stable))
Sri Sarvaraya Sugars Ltd               Unallocated Limits   ICRA BB-    805.1  -
                                                            (Stable)
(Upgraded from ICRA B (Stable))
Sri Shyam Agro Traders                 LT – Fund Based      ICRA B+     100    -
                                                            (Stable)
(reaffirmed and removed from “Issuer Not-Cooperating” category)
Sundar Timber Products                 CC                   ICRA B      10     -
                                                            (Stable)
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Sundaram Alternate Assets Ltd          LT Bk Fac            ICRA        250    -
                                                            AA(Stable)
(Reason for delay in carrying out periodic review: - Review process is underway)
Sundaram Alternate Assets Ltd          LT proposed          ICRA        140    -
                                                            AA(Stable)
(Reason for delay in carrying out periodic review: - Review process is underway)
Sundaram Asset Management Co.          LT Bk Fac            ICRA        103.6  -
Ltd                                                         AA(Stable)
(Reason for delay in carrying out periodic review: - Review process is underway)
Sunshot Technologies Pvt. Ltd          Issuer rating        ICRA B+     -      Withdrawn
                                                            (Stable)
Swastik Cold Storage                   FB – CC Pledge       ICRA B      22     -
                                                            (Stable)
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Swastik Cold Storage                   FB – CC Clean        ICRA B      2.5    -
                                                            (Stable)
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Swastik Cold Storage                   FB – TL              ICRA B      40     -
                                                            (Stable)
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Swastik Enterprise                     CC                   ICRA D      80     -
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Swastik Enterprise                     BG                   ICRA D      50     -
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Swastik Tradelink Pvt Ltd              FB – CC              ICRA D      80     -
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Swastik Tradelink Pvt Ltd              Non-FB – LOC-        ICRA D/D    -      -
                                       sublimit to cash of
                                       credit
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Taj Sats Air Catering Ltd              LT, FB Limits        ICRA AA-    80     Reaffirmed
                                                            (Stable)
Taj Sats Air Catering Ltd              Unallocated          ICRA AA-    90     Reaffirmed
                                                            (Stable)
Taj Sats Air Catering Ltd              LT / ST, FB / Non-FBLICRA AA-    -      Reaffirmed
                                       (Sublimit of LT, FB  (Stable) /
                                       Limits)              ICRA A1+
The Kothari Wheels                     LT – Unallocated     ICRA BB+    30     Reaffirmed
The Tata Power Co. Ltd                 NCD (NCD) Programme  ICRA AA-    2310   Reaffirmed
                                                            (Positive)
Thermax Ltd                            FB Limits            ICRA AA+    4500   -
                                                            (Stable)
(reaffirmed and withdrawn)
Torrent Pharmaceuticals Ltd            NCD (NCD) programme  ICRA AA     31000  Reaffirmed
(removed from ratings watch with negative implications Stable outlook assigned)
Torrent Pharmaceuticals Ltd            FB TL                ICRA AA     16000  Reaffirmed
(removed from ratings watch with negative implications Stable outlook assigned)
Torrent Pharmaceuticals Ltd            FB working capital Fac ICRA AA   17950  Reaffirmed
(removed from ratings watch with negative implications Stable outlook assigned)
Wires And Cables (India)               LT - Fund Based/ CC  ICRA B+     100    -
                                                            (Stable)
(Rating downgraded from ICRA BB+ (Stable) and moved to the ‘Issuer Not Cooperating’ category)
Zinzuwadia Brothers Jewellers          FB - CC              ICRA B+     80     -
                                                            (Stable)
(Long term rating downgraded from ICRA BB- (Stable) Rating continues to remain under ‘Issuer Not
Cooperating’ category)
Divine Titanium Pvt Ltd                LT: Fund based –     ICRA B-     120    Withdrawn
                                       Proposed TL          (Stable)
Everest Organics Ltd                   Unallocated limits   ICRA BB/ A4+76.3
Upgraded from ICRA BB/A4+ and outlook revised to Stable from Positive
Everest Organics Ltd                   Fund based - TL      ICRA BBB-   52.7
Upgraded from ICRA BB and outlook revised to Stable from Positive
Everest Organics Ltd                   Fund based –         ICRA BBB-   45
                                       CC/optionally
                                       convertible debenture
Upgraded from ICRA BB and outlook revised to Stable from Positive
Everest Organics Ltd                   FBL                  ICRA BBB-/ A70
Upgraded from ICRA BB/A4+ and outlook revised to Stable from Positive
Hdfc Ergo General Insurance Co. Ltd    -                    -
Claims paying ability rating withdrawn
Hi-Q Electronics (P) Ltd               LT – Fund Based/TL   ICRA BBB    132
Upgraded from ICRA BBB- Outlook revised from Positive to Stable
Hi-Q Electronics (P) Ltd               LT - Fund Based/ CC  ICRA BBB    55
Upgraded from ICRA BBB- Outlook revised from Positive to Stable
Hi-Q Electronics (P) Ltd               LT/ST - Unallocated  ICRA BBB/   34.2
                                                            ICRA A3+
Upgraded from ICRA BBB-/ICRA A3; Outlook revised from Positive to Stable
Icici Prudential Life Insurance Co. Ltd-                    -
Claims paying ability rating withdrawn
Kcvr Infra Projects Pvt Ltd            LT – FB/ CC          ICRA BB+    130    Assigned
                                                            (Stable)
Kcvr Infra Projects Pvt Ltd            LT / ST – Non-fund   ICRA BB+    880    Assigned
                                       Based                (Stable)/
                                                            ICRA A4+
Kcvr Infra Projects Pvt Ltd            LT / ST – UnallocatedICRA BB+    30     Assigned
                                                            (Stable)/
                                                            ICRA A4+
Kellton Tech Solutions Ltd             FB - Working Capital ICRA BBB-   200
                                       Fac                  (Negative)
downgraded from ICRA BBB+ (Negative) and moved to ‘Issuer Not Cooperating’ category
Kellton Tech Solutions Ltd             LT/ST Non-FB Fac     ICRA BBB-   282.1
                                                            (Negative)
downgraded from ICRA BBB+ (Negative)/ICRA A2 and moved to ‘Issuer Not Cooperating’ category
Kellton Tech Solutions Ltd             Unallocated Limits   ICRA BBB-   817.9
                                                            (Negative)
downgraded from ICRA BBB+ (Negative)/ICRA A2 and moved to ‘Issuer Not Cooperating’ category
Mahesh Hardware & Pipes Pvt Ltd        FB Fac- Overdraft    ICRA BB+    350    Reaffirmed
                                                            (Stable)
Mahesh Hardware & Pipes Pvt Ltd        FB Fac- Working      ICRA BB+    350    Reaffirmed
                                       Capital Demand Loan  (Stable)
Mascot Constructions                   TL                   ICRA BBB    200    Reaffirmed
                                                            (Stable)
Moneywise Financial Services Pvt Ltd   Bk Lines – LT (fund  ICRA A-     1000
                                       based/ non-fund based)
Reaffirmed and outlook revised to Stable from Positive
Mv & Vajra Developers                  LT – TL              ICRA B+     120
                                                            (Stable)
Rating moved to the ‘Issuer Not Cooperating’ category
Mv & Vajra Developers                  LT – Unallocated     ICRA B+     30
                                                            (Stable)
Rating moved to the ‘Issuer Not Cooperating’ category
Pyramid Technoplast Pvt Ltd            LT FB limits         ICRA BBB-   380.4  Reaffirmed
                                                            (Stable)
Pyramid Technoplast Pvt Ltd            LT interchangeable   ICRA BBB-          Reaffirmed
                                       limits               (Stable)
Shree Govardhan Steels Pvt Ltd         LT FB - CC           ICRA B+     80
                                                            (Stable)
Rating downgraded from ICRA BB-(Stable) and moved to ‘Issuer Not Cooperating’ category
Shree Govardhan Steels Pvt Ltd         LT Fund based – TL   ICRA B+     20
                                                            (Stable)
Rating downgraded from ICRA BB-(Stable) and moved to ‘Issuer Not Cooperating’ category
Smc Global Securities Ltd.             Issuer Rating        ICRA A
                                                            (Stable)
Put on notice of withdrawal for one month
Smc Global Securities Ltd.             LT/ST FB/ Non-fund   ICRA A      10000  Reaffirmed
                                       Based Bk Lines       (Stable)/
                                                            ICRA A1+
Tata Aia Life Insurance Co. Ltd        CPA rating           iAAA               Withdrawn
Tata Aia Life Insurance Co. Ltd        Issuer Rating        ICRA AAA           Assigned
                                                            (Stable)
Tata Aig General Insurance Co. Ltd     -                    -
Claims paying ability rating withdrawn
The Oriental Insurance Company Ltd.    -                    -
Claims paying ability rating withdrawn
Unique Engineers Pvt Ltd               LT FB - CC           ICRA BB+    100
                                                            (Stable)
Rating downgraded from ICRA BBB(Negative) and moved to ‘Issuer Not Cooperating’ category
--------------------------------------------------------------------------------------------
$: Rating watch with positive implication
#: Rating Watch with Developing implications
@: Rating Watch with Negative Implications
%: Rating under Credit Watch
wd -Rating Stands Withdrawn
sp -Rating Suspended
pp -Principal Protected
pn -Principal Not Protected

ICRA may apply + or - signs for ratings to reflect a comparative standing within the category.

BG-Bank Guarantee; CC-Cash Credit; CCPS-Cumulative Convertible Preference Share; CD-Certificate
of Deposit; CLO-Collateralized Loan Obligation; CPA-Claims Paying Ability; CP-Commercial
Paper; CPS-convertible preference shares; CRPS- Cumulative Redeemable Convertible Preference
shares; DDB-Deep Discount Bond; EPBI-Exchange premium bond; FBL-Fund Based Limits; FRB/FRN
-Floating Rate Bond/Note; ICD -Inter Corporate Deposit; ITD-Immediate Term Debt; LOC-Letter of
Credit; LT -Long Term; LTB -Long Term Borrowing; LTD -Long Term Debt; MOCD-multiple option
convertible debenture; MTD -Medium term Debenture; MTN-medium term notes; NCD(SO) -
Non-Convertible Debenture-(Structured Obligation); NCD-Non-convertible Debentures; NCRB-Non
Convertible Redeemable Bonds; NM-Not Meaningful; OCD-optionally convertible debenture; OD-Over
Draft; OFCD-Optionally Fully Convertible Debenture; PCD-Partially Convertible Debenture;
PCN-partly convertible notes; PCPS-Partly Convertible Preference Share; POCD-partly optional;
PP-privately placed; PSPC-Post Shipment & Packing Credit; PS-Preference Shares; PTC-Pass
Through Certificates; RPS-Redeemable Preference Shares; SCPN-secured convertible preference
notes; SDO-Structured Debt Obligation; SLR-Statutory Liquidity Ratio; SO-Structured
Obligation; SPCD - Secured Partly Convertible Debentures; SPN-secured premium notes; STB-Short
Term Bond; STD-Short Term Debentures; ST-Short Term; Sub. Bonds-Subordinate Bonds; TB-Taxable
Bond; TFB-Tax Free Bond; TL-Term Loan; TOCD-triple option convertible debentures.

(Mumbai Rate Reporting Unit + 91 22 6180 7222 / 3317 7222 , E-mail at rru.data@refinitiv.com)
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