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Rating Services

Rating Services

BWR is a full service rating agency and assigns ratings to number of financial products such as NCDs / Bonds, Bank Loans, Commercial Paper, Fixed Deposits, Security Receipts, PPMLD and other structured products as wells as SMEs.

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Grading Services

Grading Services

In compliance with the Securities and Exchange Board of India (Credit Rating Agencies) (Amendment) Regulations, 2018, BWR does not carry out any Grading services or MSME Ratings / Grading activities. Such services are undertaken by Brickworks Analytics, a 100% subsidiary of BWR.

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RATING LIST

rating list

Check up-to-date ratings under five categories viz. Credit Ratings, Bank Loan Ratings, NSIC ratings, MSE and SME Ratings. Credit Ratings includes all NCD and BWR Gradings.

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Process & People

rating process

Brickwork Ratings believes in following Indian best practices without compromising innovation and analytical excellence. Brickwork senior management are highly experienced bankers, venture capitalists, risk experts and finance professors.

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Credit, Equity & Risk

corporate training

Brickwork Ratings believes in enhancing and knowledge sharing amongst credit, equity and risk analysts. Week-end knowledge sessions conducted by visiting Professors from IIMB, IISc. etc., and in house faculty of the BFA program of the Brickwork Finance Academy. In addition, eminent personalities in the finance sector are invited to deliver guest lectures in economics and public finance.

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career

Careers
For Young & Experienced

Brickwork Ratings offers exciting careers for young graduates as well as experienced bankers. Young graduates can apply for a Rating Analyst position. Experienced bankers are recruited for both Business Development or Ratings. Banking & Financial Analyst (BFA) Program is offered for both the young and the experienced.

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Press Release

BWR AA (CE) : Water & Sanitation Pooled Fund Taxable Bonds₹30.60 Crore
BWR C : Kanpur Fertilizers & Chemicals Ltd. (erstwhile Kanpur Fertilizers & Cement Ltd.) Long Term Bank Loan ₹693.65 Crore
BWR BBB : SVP Industries Ltd. Long Term Bank Loan ₹124.17 Crore
BWR A4 : Kanpur Fertilizers & Chemicals Ltd. (erstwhile Kanpur Fertilizers & Cement Ltd.) Short Term Bank Loan ₹80 Crore
BWR A3 + : SVP Industries Ltd. Short Term Bank Loan ₹3 Crore
BWR D : Kanpur Fertilizers & Chemicals Ltd. (erstwhile Kanpur Fertilizers & Cement Ltd.) Long Term Bank Loan ₹110 Crore (Rs.110 derived out of the fund based facilities of Rs. 803.65 Cr rated earlier is downgraded to D)
BWR B : Swaroop Narain Shiv Narain Long Term Bank Loan ₹6 Crore
BWR A - (CE) : Rajasthan Rajya Vidyut Prasaran Nigam Ltd. Long Term Bank Loan ₹149.33 Crore
BWR A4 : Swaroop Narain Shiv Narain Short Term (Rs.12 Cr is the sub-limit) Bank Loan
BWR A - (CE) : Rajasthan Rajya Vidyut Prasaran Nigam Ltd. Long Term Bank Loan ₹300 Crore
BWR BB : Jamna Dass Nikkamal Jain Saraf Pvt. Ltd. Long Term Bank Loan ₹30 Crore
BWR BBB : Rajasthan Rajya Vidyut Prasaran Nigam Ltd. Long Term Bank Loan ₹20 Crore
BWR A4 : Jamna Dass Nikkamal Jain Saraf Pvt. Ltd. Short Term (Rs.48Cr is the sub limit) Bank Loan
BWR A3 + : Rajasthan Rajya Vidyut Prasaran Nigam Ltd. Short Term Bank Loan ₹7 Crore
BWR B : Dipu Enterprises Pvt. Ltd. Long Term Bank Loan ₹5.26 Crore
BWR A - (CE) : Rajasthan Rajya Vidyut Prasaran Nigam Ltd. Long Term Bank Loan ₹500 Crore
BWR B + : Cornerstone Property Investments Pvt. Ltd. Long Term Bank Loan ₹140 Crore
BWR A - (CE) : Rajasthan Rajya Vidyut Prasaran Nigam Ltd. Bonds₹278.19 Crore
BWR C + : Shankar Rice Industries Long Term Bank Loan ₹40 Crore
BWR A - (CE) : Rajasthan Rajya Vidyut Prasaran Nigam Ltd. Bonds₹399.95 Crore (Government Guaranteed Bonds with tenor of 18 years)
BWR D : Veeramakali Memorial Welfare Trust Long Term Bank Loan ₹106 Crore
BWR A - (CE) : Rajasthan Rajya Vidyut Prasaran Nigam Ltd. Bonds₹450 Crore (with a tenor of 12 years)
BWR B : Inchem Laboratories Pvt. Ltd Long Term Bank Loan ₹13.91 Crore
BWR A - (CE) : Rajasthan Rajya Vidyut Prasaran Nigam Ltd. Bonds₹550 Crore (with a tenor of 12 years)
BWR A4 : Inchem Laboratories Pvt. Ltd Short Term Bank Loan ₹8.60 Crore
BWR A - (CE) : Rajasthan Rajya Vidyut Prasaran Nigam Ltd. Long Term Bank Loan ₹500 Crore
BWR C + : Thirumala Rice Industries Long Term Bank Loan ₹40 Crore
BWR A - (CE) : Rajasthan Rajya Vidyut Prasaran Nigam Ltd. Bonds₹750 Crore
BWR B : Kamya Clothing Pvt. Ltd. Long Term Bank Loan ₹7.25 Crore
BWR A - (CE) : Rajasthan Rajya Vidyut Prasaran Nigam Ltd. Bonds₹700 Crore
BWR B : Bluemax Imppex (India) Pvt Ltd Long Term Bank Loan ₹7 Crore
BWR A (CE) : Tamil Nadu Power Finance and Infrastructure Development Corporation Ltd Bonds₹811.98 Crore
BWR A4 : Bluemax Imppex (India) Pvt Ltd Short Term Bank Loan ₹3 Crore
BWR BB + : Mohit Paper Mills Ltd. Long Term Bank Loan ₹34.39 Crore
BWR BB - : Patricia Holdings Pvt. Ltd Long Term Bank Loan ₹9.50 Crore
BWR A4 + : Mohit Paper Mills Ltd. Short Term Bank Loan ₹2.50 Crore
BWR BBB - (CE) : Atri Papers Private Limited Long Term Bank Loan ₹20.96 Crore
BWR B : Cikautxo India Pvt. Ltd Long Term Bank Loan ₹10.65 Crore
BWR BB - : Kaveri Cotex Pvt Ltd Long Term Bank Loan ₹21.60 Crore
BWR A4 : Cikautxo India Pvt. Ltd Short Term Bank Loan ₹11.50 Crore (r)
BWR A4 : Kaveri Cotex Pvt Ltd Short Term Bank Loan ₹0.60 Crore
BWR BBB + : Andhra Pradesh Power Generation Corporation Ltd. Long Term Bank Loan ₹4120.05 Crore
BWR B + : Shree Balaji Agro Tech Long Term Bank Loan ₹10.73 Crore
BWR A2 : Andhra Pradesh Power Generation Corporation Ltd. Short Term Bank Loan ₹300 Crore
BWR D : OK Play India Ltd Long Term Bank Loan ₹50.10 Crore
BWR BBB + : Manish Packaging Pvt. Ltd. Long Term Bank Loan ₹10 Crore
BWR D : OK Play India Ltd Short Term Bank Loan ₹1.50 Crore
BWR A2 + : Manish Packaging Pvt. Ltd. Short Term Bank Loan ₹36.24 Crore
BWR BBB + : Atal Nagar Vikas Pradhikaran Issuer Rating
BWR C : R. D. Casting Pvt. Ltd. Long Term Bank Loan ₹4.85 Crore
BWR BB : Eternal Motors Private Limited Long Term Bank Loan ₹12.49 Crore
BWR A4 : R. D. Casting Pvt. Ltd. Short Term Bank Loan ₹0.50 Crore
BWR A4 : Eternal Motors Private Limited Short Term Bank Loan ₹9 Crore
BWR B - : Mutha Industries Pvt. Ltd. Long Term Bank Loan ₹11.99 Crore
BWR BB : B. D. Textile Mills Pvt. Ltd. Long Term Bank Loan ₹23.56 Crore
BWR A4 : Mutha Industries Pvt. Ltd. Short Term Bank Loan ₹0.40 Crore
BWR BBB - : ALM Industries Ltd. Long Term Bank Loan ₹145.73 Crore
BWR B - : Hindustan Construction Corporation Long Term Bank Loan ₹0.50 Crore
BWR A4 : Hindustan Construction Corporation Short Term Bank Loan ₹6 Crore
BWR BBB : Ratnaveer Metals Ltd.(Formerly Known as Ratnaveer Metals Pvt. Ltd) Long Term Bank Loan ₹35.60 Crore
BWR A3 : Ratnaveer Metals Ltd.(Formerly Known as Ratnaveer Metals Pvt. Ltd) Short Term Bank Loan ₹86 Crore
BWR B + : Rakhoh Industries Pvt. Ltd. Long Term Bank Loan ₹11 Crore
BWR A4 : Rakhoh Industries Pvt. Ltd. Short Term Bank Loan ₹8.25 Crore
BWR D : Sri Subbulakshmi Modern Rice Mill Long Term Bank Loan ₹11.43 Crore
BWR C : G.D Knit Tex Long Term Bank Loan ₹6.76 Crore
BWR B : Valsons Long Term Bank Loan ₹7.50 Crore
BWR A4 : Valsons Short Term Bank Loan ₹12.60 Crore
BWR B : Damati Plastics Long Term Bank Loan ₹5.25 Crore
BWR A4 : Damati Plastics Short Term Bank Loan ₹18.80 Crore
BWR BB + : A-Class Marbles (India) Pvt. Ltd. Long Term Bank Loan ₹22.17 Crore
BWR A4 + : A-Class Marbles (India) Pvt. Ltd. Short Term Bank Loan ₹13 Crore
BWR B : ASC Power Pvt. Ltd. Long Term Bank Loan ₹10.70 Crore
BWR A4 : ASC Power Pvt. Ltd. Short Term Bank Loan ₹1.80 Crore
BWR B + : AR Rail Vikas Services Private Limited Long Term Bank Loan ₹1.10 Crore
BWR A4 : AR Rail Vikas Services Private Limited Short Term Bank Loan ₹13.50 Crore
BWR BBB - : Soma New Towns Pvt. Ltd. Long Term Bank Loan ₹99.80 Crore
BWR BB - : Sunanda Polymers Long Term Bank Loan ₹40 Crore
BWR A4 : Sunanda Polymers Short Term (Rs.15 Cr is the sub-limit) Bank Loan
BWR B : Charbhuja Ispat (India) Pvt. Ltd. Long Term Bank Loan ₹12 Crore
BWR A4 : Digiana Industries Pvt. Ltd. Short Term (Rs.9.25 Cr sub-limit) Bank Loan
BWR BB : Digiana Industries Pvt. Ltd. Long Term Bank Loan ₹48.05 Crore
BWR C : M Tech Innovations Ltd Long Term Bank Loan ₹22.01 Crore
BWR A4 : M Tech Innovations Ltd Short Term Bank Loan ₹6.09 Crore
BWR BBB + : Dozco (India) Pvt Ltd Long Term Bank Loan ₹84.16 Crore
BWR A2 : Dozco (India) Pvt Ltd Short Term Bank Loan ₹79.20 Crore
BWR B : Marbaniang Projects Pvt Ltd Long Term Bank Loan ₹29.21 Crore
BWR B : SSP Enterprises Pvt Ltd Long Term Bank Loan ₹15.05 Crore
BWR A4 : SSP Enterprises Pvt Ltd Short Term Bank Loan ₹10.75 Crore
BWR B - : Greenvision Technologies Pvt Ltd Long Term Bank Loan ₹12.64 Crore
BWR A4 : Greenvision Technologies Pvt Ltd Short Term Bank Loan ₹12.50 Crore
BWR B + : PSK Textiles India Private Limited Long Term Bank Loan ₹9 Crore
BWR A4 : PSK Textiles India Private Limited Short Term Bank Loan ₹2.05 Crore
BWR BBB + : Kalika Steel Alloys Private Limited Long Term Bank Loan ₹156 Crore
BWR A2 : Kalika Steel Alloys Private Limited Short Term Bank Loan ₹80 Crore
BWR A2 : Kalika Steel Alloys Private Limited Short Term (10 Cr. Sub-limit of CC) Bank Loan
BWR B : Kirti Stampings Pvt. Ltd Long Term Bank Loan ₹9.73 Crore
BWR A4 : Kirti Stampings Pvt. Ltd Short Term Bank Loan ₹2 Crore
BWR C - : Dupon Rubber Pvt Ltd Long Term Bank Loan ₹5.26 Crore
BWR BB + (CE) : Goodwatts Solar Modasa 2MW Private Limited Long Term Bank Loan ₹12.56 Crore
BWR BBB - : Allena Auto Industries Pvt Ltd. Long Term Bank Loan ₹42 Crore
BWR A3 : Allena Auto Industries Pvt Ltd. Short Term Bank Loan ₹0.80 Crore
BWR BBB - : Sushma Buildtech Limited Long Term Bank Loan ₹87.52 Crore
BWR C - : Sunbright Fabrics Pvt Ltd Long Term Bank Loan ₹8.98 Crore
BWR BBB - : EFCEE Global Ship Recycling Pvt. Ltd.(Formerly Known as Sarvag Shipping Services Pvt. Ltd.) Long Term Bank Loan ₹15 Crore
BWR A3 : EFCEE Global Ship Recycling Pvt. Ltd.(Formerly Known as Sarvag Shipping Services Pvt. Ltd.) Short Term Bank Loan ₹95 Crore
BWR BBB - : Leela Ship Recycling Pvt. Ltd. Long Term Bank Loan ₹25 Crore
BWR A3 : Leela Ship Recycling Pvt. Ltd. Short Term Bank Loan ₹125 Crore
BWR BB + : Balu India Long Term Bank Loan ₹64 Crore
BWR A4 + : Balu India Short Term Bank Loan ₹1.50 Crore
BWR BBB : K. M. Sugar Mills Ltd Long Term Bank Loan ₹184.14 Crore
BWR A3 + : K. M. Sugar Mills Ltd Short Term Bank Loan ₹60 Crore
BWR BB : M.D. Agro Foods Long Term Bank Loan ₹27 Crore
BWR A4 + : M.D. Agro Foods Short Term Bank Loan ₹5 Crore
BWR BB : Mansa Devi Rice Mills Long Term Bank Loan ₹17 Crore
BWR A4 + : Mansa Devi Rice Mills Short Term Bank Loan ₹15 Crore
BWR BBB - : Alpine Apparels Pvt. Ltd. Long Term Bank Loan ₹21.65 Crore
BWR A3 : Alpine Apparels Pvt. Ltd. Short Term Bank Loan ₹61.60 Crore
BWR BB - : Pandit Automobiles Pvt. Ltd. Long Term Bank Loan ₹13.19 Crore
BWR A4 : Pandit Automobiles Pvt. Ltd. Short Term Bank Loan ₹1.00 Crore
BWR BB - : Bachmann Industries India Ltd. Long Term Bank Loan ₹16.37 Crore
BWR A4 + : Bachmann Industries India Ltd. Short Term Bank Loan ₹15.00 Crore
BWR B + : Malwa Fresh Foods Long Term Bank Loan ₹24.50 Crore
BWR B : Bhawani Traders Long Term Bank Loan ₹5.00 Crore
BWR BB - : Sulson Overseas Pvt. Ltd. Long Term Bank Loan ₹0.97 Crore
BWR A4 : Sulson Overseas Pvt. Ltd. Short Term Bank Loan ₹4.80 Crore
BWR BBB - : R. P. Multimetals Pvt. Ltd. Long Term Bank Loan ₹39.50 Crore
BWR A3 : R. P. Multimetals Pvt. Ltd. Short Term Bank Loan ₹30 Crore
BWR BB + : Gram Tarang Employability Training Services Pvt. Ltd. Long Term Bank Loan ₹12.00 Crore
BWR A4 + : Gram Tarang Employability Training Services Pvt. Ltd. Short Term Bank Loan ₹3.00 Crore
BWR B : Milan Clothing Long Term Bank Loan ₹13.03 Crore
Brickwork Ratings IN MEDIA

Brickwork Ratings, a SEBI registered Credit Rating Agency, has also been accredited by RBI and empanelled by NSIC, offers Bank Loan, NCD and SME ratings. Brickwork has its corporate office in Bengaluru and a country-wide presence with its offices in Ahmedabad, Chandigarh, Chennai, Hyderabad, Kolkata, Mumbai and New Delhi along with representatives in 150+ locations. Brickwork has rated issues of a large number of banks like State Bank of India, Bank of Baroda, Bank of India, Canara Bank, Corporation Bank, Punjab National Bank ,Union Bank of India, Andhra Bank, Vijaya Bank, United Bank of India, etc.