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RPT-ICRA ratings for Indian debt instruments-Sep 30

 (Repeating to add additional ratings)
    Sep 30 - Below are the ratings awarded by Investment Information Credit Rating Agency Ltd.
(ICRA) for local debt instruments as of September 29, 2020.


COMPANY                                INSTRUMENT            RATING     AMOUNT MOVEMENT
                                                                       (RS.MLN)
------                                 ----------            ------     -----  ---------
SHORT TERM RATINGS:
-------------------
Apex Constructions                     Non Fund based Letter ICRA A4    70     -
                                       of guarantee
(Rating continues to remain under the ‘Issuer Not Cooperating’ category)
Canon Ball Fashions                    ST – Fund Based      ICRA A4     60     Withdrawn
(ISSUER NOT COOPERATING)
Coatings And Coatings (India)          Non-Fund based-LOC   ICRA A4     10     -
Pvt Ltd
(Rating downgraded from ICRA A4+ and Continues to remain under ‘Issuer Not Cooperating’
category)
Eros Minerock Products Llp             ST non fund based    ICRA A4     32     -
(Rating continues to remain under the ‘Issuer Not Cooperating’ category)
Exotic Granite Llp                     ST non fund based LOCICRA A4     70     -
(Rating continues to remain under the ‘Issuer Not Cooperating’ category)
Ge Triveni Ltd                         Non-FB Fac           ICRA A2@    1035   -
@-under watch with negative implications
Grainotch Industries Ltd               Non-fund based- LOC  ICRA A4+    20     Withdrawn
Hical Technologies Pvt Ltd             ST-EPC/PCFC          ICRA A3     400    Upgraded
                                                                               from ICRA A4+
(Removed from ‘Issuer Not Cooperating’ category)
Hical Technologies Pvt Ltd             ST – Non FBL          ICRA A3     30     Upgraded
                                                                               from ICRA A4+
(Removed from ‘Issuer Not Cooperating’ category)
Indotech Transformers Ltd              ST – Non-fund based  ICRA A4     740    Downgraded
                                                                               from ICRA A4+
Indotech Transformers Ltd              ST – Interchangeable ICRA A4     120    Downgraded
                                                                               from ICRA A4+
Krishna Gems                           Non-Fund             ICRA A4     2      -
                                       based-Forward Contract
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Kss Abhishek Safety Systems            ST NonFB             ICRA A2+ &  80     -
Pvt. Ltd.
(placed under watch with developing implications. Reason for delay in carrying out periodic
review:
- Issuer delayed in giving informatio)
Mahesh Electrical & Telecom            ST, Non-Fund based   ICRA A4     35     -
(Rating moved to ‘Issuer Not Cooperating’ category.)
Marpol Pvt Ltd                         Non-fund Based -     ICRA A2     -      Upgraded
                                       LOC/BG                                  from ICRA A4
(Removed from ‘Issuer not cooperating’ category and withdrawn)
Minox Metal Pvt Ltd                    ST - Non Fund Based  ICRA A4     200    -
(Rating downgraded from ICRA A4+ and moved to the ‘Issuer Not Cooperating’ category)
Perfect Metacraft Llp                  STInterchangeable    ICRA A4     -      -
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Reliance Chemotex Industries           Stand by Line of     ICRA A3     20     Upgraded
Ltd                                    Credit                                  from ICRA A4+
Reliance Chemotex Industries           LOC                  ICRA A3     300    Upgraded
Ltd                                                                            from ICRA A4+
Reliance Chemotex Industries           Credit Exposure Limit ICRA A3    55     Upgraded
Ltd                                                                            from ICRA A4+
Sainor Laboratories Pvt. Ltd           Non-fund based – LOC ICRA A3     100    Reaffirmed
Samet Plast                            ST non fund based LOC ICRA A4    20     -
(Rating continues to remain under the ‘Issuer Not Cooperating’ category)
Shah Tiles Pvt Ltd                     ST- Non Fund Based   ICRA A4     19.1   -
(Rating Continues to remain under ‘Issuer Not Cooperating’ category)
Siewert And Dholakia Overseas          ST – Non Fund Based  ICRA A4     2      -
Pvt Ltd
(Rating downgraded from ICRA A4+ ISSUER NOT COOPERATING and continues to remain in the ‘Issuer
Not Cooperating’ category)
Mini Diamonds (India) Ltd              ST fund based limit  ICRA D      55     Withdrawn
(ISSUER NOT COOPERATING)
Sivanta Spuntex Pvt Ltd                ST Non-fund Based    ICRA A4     54.6   Withdrawn
Stallion Laboratories Pvt Ltd          ST- Fund Based       ICRA A4     75     -
(Rating downgraded from ICRA A4+ ISSUER NOT COOPERATING and continues to remain under ‘Issuer
Not Cooperating’ category)
Stallion Laboratories Pvt Ltd          ST- Non Fund Based   ICRA A4     15     -
(Rating downgraded from ICRA A4+ ISSUER NOT COOPERATING and continues to remain under ‘Issuer
Not Cooperating’ category)
Stylin Sanitarywares                   Non-FB – BG          ICRA A4     3.2    -
(Rating moved to ‘issuer not cooperating category’)
Team Computers Pvt Ltd                 ST - Fund based      ICRA A2     150    Reaffirmed
(outlook revised to positive from stable)
Unicure Remedies Pvt Ltd               ST - Non Fund Based  ICRA A4     4      Withdrawn
(Issuer Not Cooperating)
Unicure Remedies Pvt Ltd               ST – Interchangeable ICRA A4     -      Withdrawn
(Issuer Not Cooperating)
Urvesh Psyllium Industries Ltd         ST- Non Fund Based-  ICRA A4     4.4    -
                                       Forward Cover
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Vertex Techno Solutions                ST - Non Fund Based  ICRA A4     15     Downgraded
Bangalore Pvt. Ltd                                                             from ICRA A4+
(Rating moved to ‘Issuer Not Cooperating’ category.)
Vijay Stone Quarries Pvt Ltd           ST - Fund Based –    ICRA A4     15     -
                                       Packing Credit
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
Vijay Stone Quarries Pvt Ltd           ST - Fund Based –    ICRA A4     35     -
                                       FDBP/FUBP/optionally
                                       convertible debenture
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
Wohr Parking Systems Pvt Ltd           ST Non fund based    ICRA A4+    90     Downgraded
                                                                               from ICRA A3
(Rating Moved to ‘Issuer Not Cooperating’ category.)
Xander Finance Pvt Ltd                 CP                   ICRA A1+    3000   -
(Reason for delay in carrying out periodic review: Review process is underway)
Bhavin Agri-Infra Pvt Ltd              Non-fund based / LOC ICRA A4     140
Rating moved to the ‘Issuer not co-operating’ category
Polysol Industries                     Non-fund based – LOC ICRA A4     90
Issuer not co- operating; Withdrawn
Polysol Industries                     Non-fund based –     ICRA A4     8
                                       Forward Contract
                                       Exposure
Issuer not co- operating; Withdrawn
S.K.T.Textile Mills                    ST – Non-fund based  ICRA A3     2.5    Reaffirmed
                                       facility
S.K.T.Textile Mills                    ST – Interchangeable ICRA A3            Reaffirmed
Sitaram India Ltd                      ST - Non fundbased   ICRA A4     9.3
                                       limit
Rating downgraded from ICRA A4+ and continues to remain under ‘Issuer Not Cooperating’ category
 


LONG TERM RATINGS:
-------------------
Adinath Silks Pvt Ltd                  LT - Fund Based/ CC  ICRA B+     350    Downgraded
                                                            (Stable)           from ICRA
                                                                               BB+ (Stable)
(Moved to the ‘Issuer Not Cooperating’ category)
Agarwal Chem Products (India)          FB – CC              ICRA B      75     -
Pvt. Ltd                                                    (Stable)
(Rating continues to remain under the ‘Issuer Not Cooperating’ category)
Agarwal Chem Products (India)          FB – Unallocated     ICRA B      75     -
Pvt. Ltd                                                    (Stable)
(Rating continues to remain under the ‘Issuer Not Cooperating’ category)
Alapatt Fashion Jewellery              LT– Fund Based- CC   ICRA        55     Withdrawn
                                                            B-(Stable)
(ISSUER NOT COOPERATING)
Anangoor Textile Mills Pvt Ltd         LT-Fund Based-CC     ICRA        380    Withdrawn
                                                            B+(Stable)
(ISSUER NOTCOOPERATING)
Anangoor Textile Mills Pvt Ltd         LT - Fund Based - TL ICRA        78     Withdrawn
                                                            B+(Stable)
(ISSUER NOTCOOPERATING)
Andhra Pradesh Urban Finance           FB – Proposed TL     ICRA BB+    6329.7 Assigned
And Infrastructure Development                              (Stable)
Corporation Ltd
Andhra Pradesh Urban Finance           LT - Unallocated     ICRA BB+    53670.3Assigned
And Infrastructure Development         Limits               (Stable)
Corporation Ltd
Apex Constructions                     Fund Based- CC       ICRA B+     60     -
                                                            (Stable)
(Rating continues to remain under the ‘Issuer Not Cooperating’ category)
Classic Cotton Pvt Ltd                 CC                   ICRA B+     220    -
                                                            (Stable)
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Classic Cotton Pvt Ltd                 Unallocated Limits   ICRA B+     34     -
                                                            (Stable) /
                                                            A4
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Coatings And Coatings (India)          Fund based-CC/WCDL   ICRA        200    -
Pvt Ltd                                                     B+(Stable)
(Rating downgraded from ICRA BB+(Stable) and Continues to remain under ‘Issuer Not Cooperating’
category)
Coatings And Coatings (India)          Fund based-TL        ICRA        30     -
Pvt Ltd                                                     B+(Stable)
(Rating downgraded from ICRA BB+(Stable) and Continues to remain under ‘Issuer Not Cooperating’
category)
Cooch Behar Mission Hospital           LT– Fund Based- TL   ICRA B-     254.9  -
(P) Ltd.                                                    (Stable)
(Rating continues to remain under the ‘Issuer Not Cooperating’ category)
Cooch Behar Mission Hospital           LT- Unallocated      ICRA B-     95.1   -
(P) Ltd.                                                    (Stable)
(Rating continues to remain under the ‘Issuer Not Cooperating’ category)
D.S Enterprises                        LT Fund based CC     ICRA B+     25     -
                                                            (Stable)
(Reason for delay in carrying out periodic review: - Issuer delayed in giving information)
D.S Enterprises                        LT Unallocated Limits ICRA B+    75     -
                                                            (Stable)
(Reason for delay in carrying out periodic review: - Issuer delayed in giving information)
Eros Minerock Products Llp             CC                   ICRA B+     80     -
                                                            (Stable)
(Rating continues to remain under the ‘Issuer Not Cooperating’ category)
Eros Minerock Products Llp             TL                   ICRA B+     245.6  -
                                                            (Stable)
(Rating continues to remain under the ‘Issuer Not Cooperating’ category)
Exotic Granite Llp                     FBL – CC             ICRA B      40     -
                                                            (Stable)
(Rating continues to remain under the ‘Issuer Not Cooperating’ category)
Exotic Granite Llp                     Fund based TL        ICRA B      60     -
                                                            (Stable)
(Rating continues to remain under the ‘Issuer Not Cooperating’ category)
G R Gupta & Bros                       Fund Based - CC      ICRA BB     150    -
                                                            (Stable)
(Reason for delay in carrying out periodic review: - Review process is underway)
G R Gupta & Bros                       FB - Electronic      ICRA BB     250    -
                                       Dealer Finance Scheme (Stable)
(Reason for delay in carrying out periodic review: - Review process is underway)
Ge Triveni Ltd                         CC Fac               ICRA BBB+@  100    -
(@-under watch with negative implications)
Goldcoin Foam Pvt Ltd                  TL                   ICRA BB-    78.3   Withdrawn
                                                            (Stable)
Goldcoin Foam Pvt Ltd                  CC                   ICRA BB-    70     Withdrawn
                                                            (Stable)
Grainotch Industries Ltd               FB-TL                ICRA BB+    253    Withdrawn
                                                            (Stable)
Grainotch Industries Ltd               FB- CC               ICRA BB+    170    Withdrawn
                                                            (Stable)
Hical Technologies Pvt Ltd             LT-TL                ICRA BBB-   162    Upgraded
                                                            (Stable)           from ICRA
                                                                               BB+ (Stable)
(Removed from ‘Issuer Not Cooperating’ category)
Hical Technologies Pvt Ltd             LT Cash Credit       ICRA BBB-   -      Upgraded
                                       (Sublimit)           (Stable)           from ICRA
                                                                               BB+ (Stable)
(Removed from ‘Issuer Not Cooperating’ category)
Hical Technologies Pvt Ltd             LT/Short Term        ICRA BBB-   8      Upgraded
                                       Unallocated          (Stable)           from ICRA
                                                            /ICRA A3           BB+(Stable) 
                                                                                / A4+
(Removed from ‘Issuer Not Cooperating’ category)
Indotech Transformers Ltd              LT Unallocated       ICRA        65     Downgraded
                                                            BB(Negative)       from ICRA
                                                                               BB+ (Negative)
Indotech Transformers Ltd              Issuer Rating        ICRA        -      Downgraded
                                                            BB(Negative)       d from ICRA
                                                                               BB+ (Negative)
Jai Giriraj Rice And Agro              FBL                  ICRA BB+    700    Withdrawn
Mills Pvt Ltd                                               (Stable)
Kishan Gum Industries                  FBL – CC             ICRA B      45     -
                                                            (Stable)
(Rating continues to remain under the ‘Issuer Not Cooperating’ category)
Kishan Gum Industries                  FBL- TL              ICRA B      14.4   -
                                                            (Stable)
(Rating continues to remain under the ‘Issuer Not Cooperating’ category)
Kkb Projects Pvt. Ltd                  LT – Fund Based CC   ICRA        130    -
                                                            B+(Stable)
(Rating downgraded from ICRA BB(Stable) and Continues to remain under ‘Issuer Not Cooperating’
category.)
Kochar Infotech Ltd                    Fund based -TL       ICRA BB+    35     -
                                                            (Stable)
(Reason for delay in carrying out periodic review: - Review process is underway)
Kochar Infotech Ltd                    Fund based - Working ICRA BB+    220    -
                                       Capital Fac          (Stable)
(Reason for delay in carrying out periodic review: - Review process is underway)
Kochar Infotech Ltd                    Unallocated Fac      ICRA BB+    35     -
                                                            (Stable) /
                                                            ICRA A4+
(Reason for delay in carrying out periodic review: - Review process is underway)
Krishna Constructions                  LT, FB – CC          ICRA        150    -
                                                            B+(Stable)
(Rating moved to ‘Issuer Not Cooperating’ category.)
Krishna Gems                           Fund based-Export    ICRA        72     -
                                       Packing Credit/Post  B+(Stable)
                                       Shipment Credit/Standby limit
(Rating downgraded from ICRA BB- (Stable) and Continues to remain under ‘Issuer Not Cooperating’
category.)
Krushna Godavari Khate,Bi              LT FB - Working      ICRA BB     80     -
Biyane Utpadan Va Vikri                Capital Fac          (Stable)
Sahakari Sanstha Ltd
(upgraded from ICRA BB- (Stable))
Kss Abhishek Safety Systems            LT Fund based CC     ICRA A- &   50     -
Pvt. Ltd.
(placed under watch with developing implications. Reason for delay in carrying out periodic
review:- Issuer delayed in giving information)
Lotus Overseas                         FB– CC               ICRA B+     70     -
                                                            (Stable)
(Rating continues to remain under the ‘Issuer Not Cooperating’ category)
Lotus Overseas                         FB – TL              ICRA B+     11.5   -
                                                            (Stable)
(Rating continues to remain under the ‘Issuer Not Cooperating’ category)
Mahesh Electrical & Telecom            LT, FB – CC          ICRA        40     -
                                                            B+(Stable)
(Rating moved to ‘Issuer Not Cooperating’ category.)
Malik Motors Pvt Ltd                   LT - Fund Based/ CC  ICRA        130    -
                                                            B(Stable)
(Rating moved to the ‘Issuer Not Cooperating’ category)
Malik Motors Pvt Ltd                   LT - Unallocated     ICRA        20     -
                                                            B(Stable)
(Rating moved to the ‘Issuer Not Cooperating’ category)
Marpol Pvt Ltd                         FB - Overdraft       ICRA BBB+   195    Upgraded
                                                            (Stable)           from ICRA B+
                                                                               (Stable)
(Removed from ‘Issuer not cooperating’ category)
Matrix Clothing Pvt Ltd                Bk Loan Ratings      ICRA BBB-   1100   -
                                                            (Stable)/
                                                            ICRA A3
(Reason for delay in carrying out periodic review: - Review process underway)
Mini Diamonds (India) Ltd              LT FBL               ICRA D      35     Withdrawn
(ISSUER NOT COOPERATING)
Minox Metal Pvt Ltd                    LT - Fund Based/ CC  ICRA B+     455    -
                                                            (Stable)
(Rating downgraded from ICRA BB+ (Stable) and moved to the ‘Issuer Not Cooperating’ category)
New Asian Construction Company         Overdraft            ICRA B      30     Reaffirmed
                                                            (Stable)
New Asian Construction Company         BG                   ICRA B      80     Reaffirmed
                                                            (Stable)
New Asian Construction Company         Unallocated Limits   ICRA B      110    Reaffirmed
                                                            (Stable)/A4
New Asian Infrastructure               TL                   ICRA B-     228    -
Development Pvt Ltd                                         (Stable)
(Upgraded from ICRA D)
New Asian Infrastructure               Unallocated Limits   ICRA B-     67     -
Development Pvt Ltd                                         (Stable)
(Upgraded from ICRA D)
Pegasus Panels Pvt. Ltd                TL                   ICRA BB-    62.5   Withdrawn
                                                            (Stable)
Pegasus Panels Pvt. Ltd                CC                   ICRA BB-    70     Withdrawn
                                                            (Stable)
Perfect Metacraft Llp                  LT - Fund Based/ CC  ICRA B      50     -
                                                            (Stable)
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Perfect Metacraft Llp                  LT - Fund Based TL   ICRA B      153.5  -
                                                            (Stable)
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Pioneer Elabs Ltd                      FB – LRD Loan        ICRA        -      Withdrawn
                                                            BBB(Stable)
Prasad Agrico Industries Pvt           LT FB                ICRA B+     242.5  -
Ltd:                                                        (Stable)
(Rating moved to ‘Issuer Not Cooperating’ category.)
Prasad Agrico Industries Pvt           Unallocated          ICRA B+     57.5   -
Ltd:                                                        (Stable)
(Rating moved to ‘Issuer Not Cooperating’ category.)
Printotech Global Ltd                  LT Fund based –      ICRA BBB-   75     -
                                       Working Capital Fac  (Stable)
(Reason for delay in carrying out periodic review: - Review process is underway)
Printotech Global Ltd                  LT Fund based TL     ICRA BBB-   55.5   -
                                                            (Stable)
(Reason for delay in carrying out periodic review: - Review process is underway)
Printotech Global Ltd                  LT - Unallocated     ICRA BBB-   124.5  -
                                                            (Stable)
(Reason for delay in carrying out periodic review: - Review process is underway)
R N Enterprises                        LT - Fund Based/ CC  ICRA        107.6  -
                                                            B+(Stable)
(Rating moved to the ‘Issuer Not Cooperating’ category)
R N Enterprises                        LT - Unallocated     ICRA        42.4   -
                                                            B+(Stable)
(Rating moved to the ‘Issuer Not Cooperating’ category)
Rameshwar Cottex                       Fund based- CC       ICRA D      70     -
(Rating continues to remain under the ‘Issuer Not Cooperating’ category)
Rameshwar Cottex                       FB – TL              ICRA D      25     -
(Rating continues to remain under the ‘Issuer Not Cooperating’ category)
Ratnaakar Shelters Llp                 LT – FB TL           ICRA B+     493    Reaffirmed
                                                            (Stable)
Ratnaakar Shelters Llp                 LT – Unallocated     ICRA B+     7      Reaffirmed
                                                            (Stable)
Reliance Chemotex Industries           TL                   ICRA BBB-   462    Upgraded
Ltd                                                                            from ICRA BB+
(Outlook revised to Stable from Positive)
Reliance Chemotex Industries           CC                   ICRA BBB-   330    Upgraded
Ltd                                                                            from ICRA BB+
(Outlook revised to Stable from Positive)
Reliance Chemotex Industries           Unallocated Limits   ICRA        62.2   Upgraded
Ltd                                                         BBB-/ICRA A3       from ICRA
                                                                               BB+ / A4+
(Outlook on longterm rating revised to Stable from Positive)
Reliance Power Ltd                     NCDs                 ICRA D      7950   -
(Reason for delay in carrying out periodic review: - Review process underway)
Reliance Power Ltd                     Non-FBL (B/G and L/C) ICRA D     2450   -
(Reason for delay in carrying out periodic review: - Review process underway)
Reliance Power Ltd                     LT Loans             ICRA D      12000^ -
(Reason for delay in carrying out periodic review: - Review process underway. 
 ^ includes ECB of US$ 13 mn)
Reliance Power Ltd                     LT – FBL             ICRA D      490    -
(Reason for delay in carrying out periodic review: - Review process underway)
Riyan Paper Mill                       LT FB CC             ICRA BB-    35     -
                                                            (Stable)
(Reason for delay in carrying out periodic review: - Review process is underway)
Riyan Paper Mill                       LT FB TL             ICRA BB-    59     -
                                                            (Stable)
(Reason for delay in carrying out periodic review: - Review process is underway)
Royalica Tiles                         Proposed Unallocated ICRA B      70.7   -
                                       Limits               (Stable)/A4
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
S R Tranzcars Pvt Ltd                  Rating update        -           -      -
'(ICRA has removed its earlier rating of ICRA D from the ‘ISSUER NOT COOPERATING’ category as
the company has now submitted its ‘No Default Statement’ (“NDS”). The company’s rating was moved
to the ‘ISSUER NOT COOPERATING’ category in November 2019.)
Sainor Laboratories Pvt. Ltd           Fund based- CC       ICRA BBB-   116    -
(Outlook revised to Positive from Stable)
Sainor Laboratories Pvt. Ltd           Fund based- TL       ICRA BBB-   175    Reaffirmed
(Outlook revised to Positive from Stable)
Sainor Laboratories Pvt. Ltd           Unallocated Limits   ICRA BBB- / 489    Reaffirmed
                                                            A3
(Outlook revised to Positive from Stable)
Samet Plast                            Fund based CC        ICRA B+     50     -
                                                            (Stable)
(Rating continues to remain under the ‘Issuer Not Cooperating’ category)
Samet Plast                            Fund based TL        ICRA B+     10     -
                                                            (Stable)
(Rating continues to remain under the ‘Issuer Not Cooperating’ category)
Shah Tiles Pvt Ltd                     LT– Fund Based- CC   ICRA B+     75     -
                                                            (Stable)
(Rating Continues to remain under ‘Issuer Not Cooperating’ category)
Shah Tiles Pvt Ltd                     LT- Fund Based- TL   ICRA B+     71.4   -
                                                            (Stable)
(Rating Continues to remain under ‘Issuer Not Cooperating’ category)
Shiv Shakti Industries                 Fund based TL        ICRA B+     37.5   -
(Rating continues to remain under the ‘Issuer Not Cooperating’ category)
Shiv Shakti Industries                 Fund based CC        ICRA B+     200    -
(Rating continues to remain under the ‘Issuer Not Cooperating’ category)
Shreyans Oils Ltd                      Fund Based - CC      ICRA BB-    60     -
                                                            (Stable) /
                                                            ICRA A4
(Reason for delay in carrying out periodic review: - Issuer Not Cooperating)
Siewert And Dholakia Overseas          LT - Fund Based/ CC  ICRA        62.4   -
Pvt Ltd                                                     B+(Stable)
(Rating downgraded from ICRA BB+(Stable) ISSUER NOT COOPERATING and continues to remain in the
‘Issuer Not Cooperating’ category)
Sivanta Spuntex Pvt Ltd                CC                   ICRA BB-    120    Withdrawn
                                                            (Stable)
Sivanta Spuntex Pvt Ltd                TL                   ICRA BB-    739.5  Withdrawn
                                                            (Stable)
Sivanta Spuntex Pvt Ltd                Unallocated          ICRA BB-    15.9   Withdrawn
                                                            (Stable)
Sm Electronic Technologies             LT- Fund Based- CC   ICRA BBB-   120    -
Pvt. Ltd.                                                   (Stable)
(Reason for delay in carrying out periodic review: Issuer delayed in giving information)
Sm Electronic Technologies             LT- Fund Based- TL   ICRA BBB-   15.8   -
Pvt. Ltd.                                                   (Stable)
(Reason for delay in carrying out periodic review: Issuer delayed in giving information)
Sm Electronic Technologies             LT/ST Unallocated    ICRA BBB-   0.7    -
Pvt. Ltd.                                                   (Stable)/A3
(Reason for delay in carrying out periodic review: Issuer delayed in giving information)
Stallion Laboratories Pvt Ltd          LT- Fund Based – CC  ICRA B+     35     -
                                                            (Stable)
(Rating downgraded from ICRA BB (Stable) ISSUER NOT COOPERATING and continues to remain under
‘Issuer Not Cooperating’ category)
Stallion Laboratories Pvt Ltd          LT- Fund Based – TL  ICRA B+     10     -
                                                            (Stable)
(Rating downgraded from ICRA BB (Stable) ISSUER NOT COOPERATING and continues to remain under
‘Issuer Not Cooperating’ category)
Stylin Sanitarywares                   Unallocated Limits   ICRA B+     20.4   -
                                                            (Stable)/A4
(Rating moved to ‘issuer not cooperating category’)
Stylin Sanitarywares                   FB – TL              ICRA        29.6   -
                                                            B+(Stable)
(Rating moved to ‘issuer not cooperating category’)
Stylin Sanitarywares                   FB – CC              ICRA        12.5   -
                                                            B+(Stable)
(Rating moved to ‘issuer not cooperating category’)
Surat Wovensacks Industries Llp        Fund based- Working  ICRA        50     -
                                       Capital
Fac          B+(Stable)
(Rating continues to remain under the ‘Issuer Not Cooperating’ category)
Surat Wovensacks Industries Llp        Fund based-TL        ICRA        86     -
                                                            B+(Stable)
(Rating continues to remain under the ‘Issuer Not Cooperating’ category)
Surya Oil & Agro Industries            FB– CC               ICRA B+     70     -
                                                            (Stable)
(Rating continues to remain under the ‘Issuer Not Cooperating’ category)
Surya Oil & Agro Industries            FB– Unallocated      ICRA B+     37.9   -
                                                            (Stable)
(Rating continues to remain under the ‘Issuer Not Cooperating’ category)
Team Computers Pvt Ltd                 LT/ST – Fund based   ICRA BBB+ / 285    Reaffirmed
                                                            ICRA A2
(outlook revised to positive from stable)
Team Computers Pvt Ltd                 LT/ST – Non-fund Based ICRA BBB+ / 635  Reaffirmed
                                                            ICRA A2
(outlook revised to positive from stable)
Team Computers Pvt Ltd                 LT/ST – Unallocated  ICRA BBB+ / 180    Reaffirmed
                                                            ICRA A2
(outlook revised to positive from stable)
Team Computers Pvt Ltd                 LT/ST –              ICRA BBB+ / -      Reaffirmed
                                       Interchangeable      ICRA A2
(outlook revised to positive from stable)
Tier Iv Datacenter Llp                 Issuer Rating        ICRA        -      -
                                                            BBB+(Stable)
(put on notice of withdrawal for one month)
Unicure Remedies Pvt Ltd               LT - Fund based/CC   ICRA B+     50     Withdrawn
                                                            (Stable)
(Issuer Not Cooperating)
Unicure Remedies Pvt Ltd               LT - Fund Based TL   ICRA B+     8.5    Withdrawn
                                                            (Stable)
(Issuer Not Cooperating)
Unicure Remedies Pvt Ltd               LT / ST – Unallocated ICRA B+    34.5   Withdrawn
                                                            (Stable)/
                                                            ICRA A4
(Issuer Not Cooperating)
Urvesh Psyllium Industries Ltd         LT- Fund Based – CC  ICRA B+     114    -
                                                            (Stable)
(Rating downgraded from ICRA BB- (Stable) ISSUER NOT COOPERATING and continues to remain under
‘Issuer Not Cooperating’ category)
Vanshika Sugar & Power                 CC                   ICRA        145    -
Industries Ltd                                              B+(Stable)
(Rating continues to remain under the ‘Issuer Not Cooperating’ category)
Vanshika Sugar & Power                 TL                   ICRA        120    -
Industries Ltd                                              B+(Stable)
(Rating continues to remain under the ‘Issuer Not Cooperating’ category)
Vanshika Sugar & Power                 Unallocated          ICRA        100    -
Industries Ltd                                              B+(Stable)
(Rating continues to remain under the ‘Issuer Not Cooperating’ category)
Venu Industries                        LT – Fund Based/CC   ICRA        150    -
                                                            B(Stable)
(Rating moved to the ‘Issuer Not Cooperating’ category)
Vertex Techno Solutions                LT - Fund Based/ CC  ICRA B+     35     Downgraded
Bangalore Pvt. Ltd                                          (Stable)           from ICRA
                                                                               BB+ (Stable)
(Rating moved to ‘Issuer Not Cooperating’ category.)
Vijay Stone Quarries Pvt Ltd           LT - Fund Based -    ICRA        2.7    -
                                       Term Loa             B+(Stable)
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
Vijay Stone Quarries Pvt Ltd           LT - Unallocated     ICRA        47.3   -
                                                            B+(Stable)
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
Wohr Parking Systems Pvt Ltd           LT, FB – CC          ICRA BB+    40     Downgraded
                                                            (Stable)           from ICRA
                                                                               BBB- (Stable)
(Rating Moved to ‘Issuer Not Cooperating’ category.)
Wohr Parking Systems Pvt Ltd           LT, Unallocated      ICRA BB+    10     Downgraded
                                                            (Stable)           from ICRA
                                                                               BBB- (Stable)
(Rating Moved to ‘Issuer Not Cooperating’ category.)
Wohr Parking Systems Pvt Ltd           LT/ST                ICRA        -      Downgraded
                                       Interchangeable#     BB+(Stable)        from ICRA
                                                            / ICRA A4+         BBB-(Stable)/A3
(#: Long Term/Short Term Interchangeable limit of Rs. 1.50 crore is sublimit of long-term
fund-based Cash Credit facility of Rs. 4.00 crore)
Xander Finance Pvt Ltd                 NCD Programme        ICRA A+     3000   -
                                                            (Stable)
(Reason for delay in carrying out periodic review: Review process is underway)
Xander Finance Pvt Ltd                 NCD Programme        ICRA A+     2000   -
                                                            (Stable)
(Reason for delay in carrying out periodic review: Review process is underway)
Xander Finance Pvt Ltd                 LT Bk Lines          ICRA A+     5000   -
                                                            (Stable)
(Reason for delay in carrying out periodic review: Review process is underway)
Xander Finance Pvt Ltd                 LT Borrowing Programm ICRA A+    9000   -
                                                            (Stable)
(Reason for delay in carrying out periodic review: Review process is underway)
Bhavin Agri-Infra Pvt Ltd              FB / CC              ICRA        10
                                                            B+(Stable)
Rating moved to the ‘Issuer Not Cooperating’ category
Bhavin Agri-Infra Pvt Ltd              FB / TL              ICRA        10
                                                            B+(Stable)
Rating moved to the ‘Issuer Not Cooperating’ category
Gripwell Forging & Tools               LT Fundbased CC      ICRA B+     70
                                                            (Stable)
Rating continues to remain in the ‘Issuer Not Cooperating’ category
Jonna Iron Mart                        Fund based – CC      ICRA        170
                                                            B+(Stable)
Issuer not co- operating; Withdrawn
Martco Export Pvt Ltd                  LT / Fund Based /    ICRA B      20
                                       Packing Credit       (Stable)
Rating moved to the ‘Issuer not co-operating’ category
Martco Export Pvt Ltd                  LT / Fund Based / TL ICRA B      60
                                                            (Stable)
Rating moved to the ‘Issuer not co-operating’ category
Polysol Industries                     Fund based - CC      ICRA        20
                                       Facility             B+(Stable)
Issuer not co- operating; Withdrawn
S.K.T.Textile Mills                    LT – Fund based TL   ICRA        106.5  Reaffirmed
                                                            BBB-(Stable)
S.K.T.Textile Mills                    LT – Fund based CC   ICRA        210    Reaffirmed
                                                            BBB-(Stable)
S.K.T.Textile Mills                    LT – Unallocated     ICRA        17.2   Reaffirmed
                                       facility             BBB-(Stable)
Sitaram India Ltd                      CC                   ICRA B+     200
                                                            (Stable)
Rating downgraded from ICRA BB+(Stable) and continues to remain under ‘Issuer Not Cooperating’
category
Sitaram India Ltd                      TL                   ICRA B+     241
                                                            (Stable)
Rating downgraded from ICRA BB+(Stable) and continues to remain under ‘Issuer Not Cooperating’
category
Vanitha Textiles                       Fund based - TL      ICRA        94.3
                                                            BBB-(Stable)
upgraded from ICRA BB+(Stable)
Vanitha Textiles                       Fund based - Working ICRA        60
                                       Capital Fac          BBB-(Stable)
upgraded from ICRA BB+(Stable)
--------------------------------------------------------------------------------------------
$: Rating watch with positive implication
#: Rating Watch with Developing implications
@: Rating Watch with Negative Implications
%: Rating under Credit Watch
wd -Rating Stands Withdrawn
sp -Rating Suspended
pp -Principal Protected
pn -Principal Not Protected

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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