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.

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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. 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.

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 BBB + : Himachal Pradesh State Electricity Board Limited Long Term Bank Loan ₹4689 Crore
BWR B + : EFD Induction Private Ltd Long Term Bank Loan ₹9.00 Crore
BWR A (CE) : Himachal Pradesh State Electricity Board Limited Long Term Bank Loan ₹295.34 Crore
BWR A4 : EFD Induction Private Ltd Short Term Bank Loan ₹7.50 Crore
BWR A (CE) : Himachal Pradesh State Electricity Board Limited Long Term Bank Loan ₹126.60 Crore
BWR BBB : Sawaria Pipes Pvt. Ltd. Long Term Bank Loan ₹61.00 Crore
BWR BBB + : Himachal Pradesh State Electricity Board Limited Long Term Bank Loan ₹122.78 Crore
BWR A3 + : Sawaria Pipes Pvt. Ltd. Short Term Bank Loan ₹63.00 Crore
BWR A (CE) : Himachal Pradesh State Electricity Board Limited Secured Non-Convertible Bonds₹324.24 Crore
BWR B - : CLH Gaseous Fuel Applications Pvt. Ltd. Long Term Bank Loan ₹6.70 Crore
BWR A (CE) : Himachal Pradesh State Electricity Board Limited UnSecured Non-Convertible Bonds₹300 Crore
BWR A4 : CLH Gaseous Fuel Applications Pvt. Ltd. Short Term Bank Loan ₹5.00 Crore
BWR AA + : Tata Steel Ltd. UnSecured Non Convertible Debentures₹2500 Crore
BWR D : CRP Risk Management Ltd.(erstwhile: CRP Technologies (India) Ltd.) Long Term Bank Loan ₹16.00 Crore
: Tata Steel Ltd. UnSecured Non Convertible Debentures₹1500 Crore
BWR PP-MLD D : SGGD Projects Development Pvt. Ltd.(Formerly - Mehta and Mehta Real Estate Pvt. Ltd.) Principal Protected Market Linked Debentures₹127.50 Crore
BWR BB - : Umasree Texplast Pvt. Ltd. Long Term Bank Loan ₹25.04 Crore
BWR B - : Acebright (India) Pharma Pvt. Ltd. Long Term Bank Loan ₹7.00 Crore
BWR A4 : Umasree Texplast Pvt. Ltd. Short Term Bank Loan ₹7.27 Crore
BWR A4 : Acebright (India) Pharma Pvt. Ltd. Short Term Bank Loan ₹3.00 Crore
BWR C - : Gautami Chemicals & Pesticides Pvt. Ltd. Long Term Bank Loan ₹7.00 Crore
BWR C : Mahalakshmi Spintex Pvt. Ltd. Long Term Bank Loan ₹8.37 Crore
BWR C : Arun Agriculture Long Term Bank Loan ₹2.50 Crore
BWR A4 : Mahalakshmi Spintex Pvt. Ltd. Short Term Bank Loan ₹6.00 Crore
BWR A4 : Arun Agriculture Short Term Bank Loan ₹5.00 Crore
BWR BBB - : Archidply Industries Ltd. Long Term Bank Loan ₹77.40 Crore
BWR C : Arun Trade Combines Long Term Bank Loan ₹2.50 Crore
BWR A3 : Archidply Industries Ltd. Short Term Bank Loan ₹4.50 Crore
BWR A4 : Arun Trade Combines Short Term Bank Loan ₹6.50 Crore
BWR B + : Damara Gold Pvt. Ltd. Long Term Bank Loan ₹33.08 Crore
BWR C : Arun Agro Combine Long Term Bank Loan ₹2.00 Crore
BWR A4 : Damara Gold Pvt. Ltd. Short Term Bank Loan ₹31.50 Crore
BWR A4 : Arun Agro Combine Short Term Bank Loan ₹3.75 Crore
BWR D : Setubandhan Infrastructure Ltd.(Formerly Known as Prakash Constrowell Limited) Long Term Bank Loan ₹31.00 Crore
BWR C : Riddhi Siddhi Recyclers Pvt. Ltd. Long Term Bank Loan ₹33.32 Crore
BWR D : Setubandhan Infrastructure Ltd.(Formerly Known as Prakash Constrowell Limited) Short Term Bank Loan ₹30.00 Crore
BWR A4 : Riddhi Siddhi Recyclers Pvt. Ltd. Short Term Bank Loan ₹1.21 Crore
BWR A4 : New Line Exports Short Term Bank Loan ₹10.53 Crore
BWR C : Neeru Enterprises Long Term Bank Loan ₹2.00 Crore
BWR B + : Suman Hatcheries Ltd. Long Term Bank Loan ₹6.10 Crore
BWR A4 : Neeru Enterprises Short Term Bank Loan ₹42.00 Crore
: Ninestars Information Technologies Pvt. Ltd. Long Term Bank Loan
BWR BBB + : Shiv Build India Pvt. Ltd. Long Term Bank Loan ₹23.89 Crore
: Ninestars Information Technologies Pvt. Ltd. Short Term Bank Loan
BWR A2 : Shiv Build India Pvt. Ltd. Short Term Bank Loan ₹65.00 Crore
BWR D : SPA Capital Advisors Ltd. Long Term Bank Loan ₹26 Crore
BWR C + : RR & Sons Vehicles Pvt. Ltd. Long Term Bank Loan ₹5.11 Crore
BWR D : Haji Sheik Ismail Educational and Charitable Trust Long Term Bank Loan ₹12.59 Crore
BWR C : PAS Cotton Mills Pvt. Ltd. Long Term Bank Loan ₹8.00 Crore
BWR B : Jaipur Jewels Global Ltd. Long Term Bank Loan ₹39.50 Crore
BWR A4 : PAS Cotton Mills Pvt. Ltd. Short Term Bank Loan ₹1.30 Crore
BWR A4 : Jaipur Jewels Global Ltd. Short Term Bank Loan ₹25.00 Crore
BWR BB : New Bonanza India Ltd. Long Term Bank Loan ₹21.49 Crore
BWR B - : Brahmani Developers Pvt. Ltd. Long Term Bank Loan ₹10.00 Crore
BWR A4 : New Bonanza India Ltd. Short Term Bank Loan ₹2.00 Crore
BWR A4 : Brahmani Developers Pvt. Ltd. Short Term Bank Loan ₹2.50 Crore
BWR C - : Brijraj Agro Products Pvt. Ltd. (Formerly known as Brij Kattha Industries Pvt. Ltd.) Long Term Bank Loan ₹6.10 Crore
BWR C - : SGR EXIM Pvt. Ltd. Long Term Bank Loan ₹3.60 Crore
BWR B : K Rajesh and Company Long Term Bank Loan ₹1.50 Crore
BWR A4 : SGR EXIM Pvt. Ltd. Short Term Bank Loan ₹12.12 Crore
BWR A4 : K Rajesh and Company Short Term Bank Loan ₹5.00 Crore
BWR BB + : Pragati Foods Long Term Bank Loan ₹93.00 Crore
BWR C - : Thangavelu Spinning Mills Ltd. Long Term Bank Loan ₹6.09 Crore
BWR D : Reliance Big Entertainment Pvt Ltd Long Term Bank Loan ₹800.00 Crore
BWR BBB : Shree Ram Green Ship Recycling Industries (Unit II) LLP [erstwhile Shree Ram Steel & Rolling Industries (Unit 2)] Long Term (Rs.26.25 Cr is the sub limit) Bank Loan
BWR BBB : Shree Ram Shipping Industries Pvt. Ltd. Long Term (Rs.11.65 Cr is the sub limit) Bank Loan
BWR A3 + : Shree Ram Green Ship Recycling Industries (Unit II) LLP [erstwhile Shree Ram Steel & Rolling Industries (Unit 2)] Short Term Bank Loan ₹178.10 Crore
BWR A3 + : Shree Ram Shipping Industries Pvt. Ltd. Short Term Bank Loan ₹100.00 Crore
BWR B - : Milestone Mercandise Pvt Ltd Long Term Bank Loan ₹18.59 Crore
BWR B : Hindusthan Microfinance Pvt. Ltd Long Term Bank Loan ₹72.76 Crore
BWR D : Guardwell Detective Services Pvt Ltd Long Term Bank Loan ₹29.50 Crore
BWR D : Sanwaria Consumer Limited (erstwhile Sanwaria Agro Oils Limited) Long Term Bank Loan ₹1147.00 Crore
BWR BBB - : Morries Energy Ltd Long Term Bank Loan ₹4.37 Crore
BWR D : Sanwaria Consumer Limited (erstwhile Sanwaria Agro Oils Limited) Short Term Bank Loan ₹310.00 Crore
BWR A3 : Morries Energy Ltd Short Term Bank Loan ₹0.09 Crore
BWR BBB - : Trigent Software Pvt. Ltd. (erstwhile Trigent Software Ltd) Long Term Bank Loan ₹9.80 Crore
BWR D : Venus Biosciences Private Limited Long Term Bank Loan ₹35.00 Crore
BWR A3 : Trigent Software Pvt. Ltd. (erstwhile Trigent Software Ltd) Short Term Bank Loan ₹2.10 Crore
BWR D : Venus Biosciences Private Limited Short Term Bank Loan ₹5.00 Crore
BWR C - : Maan Trading Private Limited Long Term Bank Loan ₹20.00 Crore
BWR B - : Aditya Grain Industries Long Term Bank Loan ₹11.88 Crore
BWR BB : Hubli Electricity Supply Company Limited Long Term Bank Loan ₹3837.06 Crore
BWR B + : Pelicans Automotive & Promotional Products Pvt Ltd Long Term Bank Loan ₹1.00 Crore
BWR A4 : Hubli Electricity Supply Company Limited Short Term Bank Loan ₹150 Crore
BWR A4 : Pelicans Automotive & Promotional Products Pvt Ltd Short Term Bank Loan ₹29.00 Crore
BWR AA - (CE) : Hubli Electricity Supply Company Limited Long Term Bank Loan ₹2675 Crore
BWR B - : Akbar International Long Term Bank Loan ₹14.80 Crore
BWR B : Anusaya Auto Press Parts Pvt Ltd Long Term Bank Loan ₹3.32 Crore
BWR B - : Unique Polypack Long Term Bank Loan ₹7.53 Crore
BWR A4 : Anusaya Auto Press Parts Pvt Ltd Short Term Bank Loan ₹20.00 Crore
BWR C - : Rahul Cars India Pvt Ltd Long Term Bank Loan ₹9.00 Crore
BWR D : Akhshayaa Finance Bhaarath Limited Long Term Bank Loan ₹9.00 Crore
BWR B : Vitrag Foam Pvt. Ltd Long Term Bank Loan ₹4.35 Crore
BWR B - : Impex India Long Term Bank Loan ₹10.00 Crore
BWR A4 : Vitrag Foam Pvt. Ltd Short Term Bank Loan ₹8.16 Crore
BWR D : Vasista Marine Long Term Bank Loan ₹61.20 Crore
BWR D : Searock International Pvt Ltd Long Term Bank Loan ₹12.80 Crore
BWR D : Vasista Marine Short Term Bank Loan ₹1.00 Crore
BWR D : Searock International Pvt Ltd Short Term Bank Loan ₹37.20 Crore
BWR B : JP Clothings Private Limited Long Term Bank Loan ₹6.00 Crore
BWR BBB - : Him Teknoforge Ltd Long Term Bank Loan ₹150.48 Crore
BWR A4 : JP Clothings Private Limited Short Term Bank Loan ₹2.00 Crore
BWR A3 : Him Teknoforge Ltd Short Term Bank Loan ₹16.70 Crore
BWR B - : Reddy and Reddy Imports and Exports Long Term Bank Loan ₹10.00 Crore
BWR BBB + : Kanpur Edibles Pvt Ltd Long Term Bank Loan ₹49.95 Crore
BWR A4 : Reddy and Reddy Imports and Exports Short Term Bank Loan ₹5.00 Crore
BWR A2 : Kanpur Edibles Pvt Ltd Short Term Bank Loan ₹500.00 Crore
BWR BB - : Cipy Polyurethanes Pvt Ltd Long Term Bank Loan ₹18.00 Crore
BWR A - : Teerthanker Mahaveer Institute of Management & Technology Long Term Bank Loan ₹76.22 Crore
BWR A4 : Cipy Polyurethanes Pvt Ltd Short Term Bank Loan ₹21.00 Crore
BWR A2 : Teerthanker Mahaveer Institute of Management & Technology Short Term Bank Loan ₹10 Crore
BWR B + : Ganpati Stock Ltd Long Term Bank Loan ₹15.00 Crore
BWR BBB : SN Milk Products Pvt Ltd. Long Term Bank Loan ₹69.00 Crore
BWR B + : Gupta Housing Private Limited Long Term Bank Loan ₹10.88 Crore
BWR A3 + : SN Milk Products Pvt Ltd. Short Term Bank Loan ₹22.00 Crore
Provisional BWR A (CE) : Andhra Pradesh Township & Infrastructure Development Corporation Limited Long Term Bank Loan ₹2700 Crore
BWR B - : Varsha Construction Long Term Bank Loan ₹2.85 Crore
BWR ACE : Andhra Pradesh Township & Infrastructure Development Corporation Limited Long Term Bank Loan ₹300 Crore
BWR A4 : Varsha Construction Short Term Bank Loan ₹4.00 Crore
BWR C : Asian Cold Storage Long Term Bank Loan ₹5.84 Crore
BWR B : Yash Profiles Long Term Bank Loan ₹5.00 Crore
BWR BB - : Rajguru Foods Long Term Bank Loan ₹30.97 Crore
BWR C : Kishan Cotton Oil Industries Long Term Bank Loan ₹8.50 Crore
BWR A4 : Rajguru Foods Short Term Bank Loan ₹5.00 Crore
BWR C + : Soni Ginning Factory Long Term Bank Loan ₹6.00 Crore
BWR B : Mc Millan Marketing Pvt. Ltd Long Term Bank Loan ₹18.00 Crore
BWR B : MRJ Steels Private Limited Long Term Bank Loan ₹20.00 Crore
BWR D : Vardhan Agro Processing Ltd Long Term Bank Loan ₹30.00 Crore
BWR A4 : MRJ Steels Private Limited Short Term Bank Loan ₹10.00 Crore
BWR C : Gazole Cold Storage (P) Ltd. Long Term Bank Loan ₹7.53 Crore
BWR BB : Kanpur Packagers Pvt. Ltd. Long Term Bank Loan ₹5.00 Crore
BWR A4 : Gazole Cold Storage (P) Ltd. Short Term Bank Loan ₹0.12 Crore
BWR A4 : Kanpur Packagers Pvt. Ltd. Short Term Bank Loan ₹4.50 Crore
BWR B : Ultra Aluminium Pvt. Ltd. Long Term Bank Loan ₹10.61 Crore
BWR B + : Shivaganga Polymers Pvt. Ltd. Long Term Bank Loan ₹12.00 Crore
BWR B : Indian Optics Pvt. Ltd. Long Term Bank Loan ₹10.00 Crore
BWR B : Vidyut Controls & Automation Pvt. Ltd. Long Term Bank Loan ₹6.00 Crore
BWR BBB - : Rajdhani Crafts Industries Pvt. Ltd. Long Term (Rs.3 Cr is the sub limit) Bank Loan
BWR A4 : Vidyut Controls & Automation Pvt. Ltd. Short Term Bank Loan ₹2.00 Crore
BWR A3 : Rajdhani Crafts Industries Pvt. Ltd. Short Term Bank Loan ₹48.00 Crore
BWR A4 : Rajan Overseas Inc. Short Term Bank Loan ₹16.00 Crore
BWR BB - : Maa Harsiddhi Infra Developers Pvt. Ltd. Long Term Bank Loan ₹13.70 Crore
BWR B + : Clifton Export Pvt. Ltd. Long Term Bank Loan ₹8.94 Crore
BWR A4 : Maa Harsiddhi Infra Developers Pvt. Ltd. Short Term Bank Loan ₹26.00 Crore
BWR A4 : Clifton Export Pvt. Ltd. Short Term Bank Loan ₹63.15 Crore
BWR BBB + : Garg Acrylics Ltd. Long Term Bank Loan ₹481.22 Crore
BWR BBB - : Sharp Chucks & Machines Pvt. Ltd. Long Term Bank Loan ₹66.80 Crore
BWR A2 : Garg Acrylics Ltd. Short Term Bank Loan ₹65.50 Crore
BWR A3 : Sharp Chucks & Machines Pvt. Ltd. Short Term Bank Loan ₹1.00 Crore
BWR B + : Manish Agro Tech Ltd. Long Term Bank Loan ₹10.00 Crore
BWR B : DA Egg Industries Long Term Bank Loan ₹27.36 Crore
BWR B - : Shakti Earth Movers Long Term Bank Loan ₹3.50 Crore
BWR BBB + : Manohar Infrastructure and Constructions Pvt. Ltd. Long Term Bank Loan ₹90 Crore
BWR A4 : Shakti Earth Movers Short Term Bank Loan ₹4.00 Crore
BWR BB + : Jeeva Educational Trust Long Term Bank Loan ₹98.12 Crore
BWR B - : Hotel Shubh Inn Long Term Bank Loan ₹8.67 Crore
BWR A4 + : Jeeva Educational Trust Short Term Bank Loan ₹10.71 Crore
BWR BB : S.G.S. Motors Pvt. Ltd. Long Term Bank Loan ₹30.00 Crore
BWR A4 : S.G.S. Motors Pvt. Ltd. Short Term Bank Loan ₹2.00 Crore
BWR BB + : Lars Enviro Pvt. Ltd. Long Term Bank Loan ₹5.44 Crore
BWR A4 : Lars Enviro Pvt. Ltd. Short Term Bank Loan ₹10.50 Crore
BWR BBB + : Shri Parasram Holdings Pvt. Ltd. Long Term Bank Loan ₹100 Crore
BWR A2 + : Shri Parasram Holdings Pvt. Ltd. Short Term Bank Loan ₹400 Crore
BWR B + : Kai Fincap Ltd. Long Term Bank Loan ₹5 Crore
BWR BB : Shree Agro Crop Sciences Pvt. Ltd. Long Term Bank Loan ₹12.84 Crore
Brickwork Ratings IN MEDIA

Brickwork Ratings, a SEBI registered Credit Rating Agency, has also been accredited by RBI , offers Rating Services On Bank Loans, NCDS, Fixed Deposits,Securitised Products,Security Receipts etc. 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.

Grading Services