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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.

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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.

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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 C : G.C. Threads Pvt. Ltd. Long Term Bank Loan ₹24.50 Crore
BWR AAA : Indian Renewable Energy Development Agency Ltd. Long Term Bank Loan ₹2200 Crore
BWR A4 : G.C. Threads Pvt. Ltd. Short Term Bank Loan ₹0.55 Crore
BWR AAA : Indian Renewable Energy Development Agency Ltd. Long Term Bank Loan ₹230 Crore
BWR C : Azad Ispat India Pvt. Ltd. Long Term Bank Loan ₹12.00 Crore
BWR AAA (CE) : Indian Renewable Energy Development Agency Ltd. Taxable Bonds (Series-III)₹400 Crore
BWR A4 : Azad Ispat India Pvt. Ltd. Short Term (Rs.2 Cr is the sub limit) Bank Loan
BWR AAA (CE) : Indian Renewable Energy Development Agency Ltd. Long Term Taxable Bonds (Series-IV)₹300 Crore
: Darashaw & Company Pvt. Ltd. Long Term Bank Loan ₹0.00 Crore
BWR AAA (CE) : Indian Renewable Energy Development Agency Ltd. Long Term Tax Free / Taxable Bonds (Series-V)₹350 Crore
BWR BBB + : Darashaw & Company Pvt. Ltd. Long Term Bank Loan ₹150 Crore
BWR AAA (CE) : Indian Renewable Energy Development Agency Ltd. Tax Free Bonds₹757.65 Crore (Series XIII)
BWR D : Essel Infraprojects Ltd. Long Term Bank Loan ₹968.22 Crore
BWR AAA : Indian Renewable Energy Development Agency Ltd. Taxable Bonds₹865 Crore
BWR D : Essel Infraprojects Ltd. Short Term Bank Loan ₹864.20 Crore
BWR AAA : Indian Renewable Energy Development Agency Ltd. Taxable Subordinated Tier II Bonds₹1803 Crore
BWR D (CE) : Essel Infraprojects Ltd. Non Convertible Debentures₹351 Crore
BWR AAA : Indian Renewable Energy Development Agency Ltd. Taxable Bonds₹150 Crore
BWR D : Vinayaka Agro Industries Long Term Bank Loan
BWR AAA : Indian Renewable Energy Development Agency Ltd. Debt₹500 Crore
BWR C : Shri Ram Panels Pvt. Ltd. Long Term Bank Loan ₹10.98 Crore
: Indian Renewable Energy Development Agency Ltd. Proposed Bonds₹500 Crore (Perpetual)
BWR A4 : Shri Ram Panels Pvt. Ltd. Short Term Bank Loan ₹6.00 Crore
: Indian Renewable Energy Development Agency Ltd. Proposed Taxable Bonds₹2000 Crore
BWR BB : Panem Industries Pvt. Ltd. (erstwhile Panem Steels Pvt. Ltd.) Long Term Bank Loan ₹31.22 Crore
BWR AAA : Indian Renewable Energy Development Agency Ltd. Long Term Bank Loan ₹2000 Crore
BWR A4 : Panem Industries Pvt. Ltd. (erstwhile Panem Steels Pvt. Ltd.) Short Term Bank Loan ₹1.50 Crore
BWR BB - : Kamal Trading Corporation. Long Term Bank Loan ₹39.45 Crore
BWR D : Anubhuti Cold Chains Pvt. Ltd. Long Term Bank Loan ₹6.83 Crore
BWR C : Andhra Pradesh Power Generation Corporation Ltd. Long Term Bank Loan ₹3904.22 Crore
BWR D : Jason Dekor Pvt. Ltd. Long Term Bank Loan ₹19.42 Crore
BWR A4 : Andhra Pradesh Power Generation Corporation Ltd. Short Term Bank Loan ₹300.00 Crore
BWR D : Jason Dekor Pvt. Ltd. Short Term Bank Loan ₹2.78 Crore
BWR C - : Sri Sapthagiri Foods Long Term Bank Loan ₹5.60 Crore
BWR BB - : T.R. Agro Industries Long Term Bank Loan ₹16.80 Crore
BWR B - : Maharaja Long Term Bank Loan ₹6.00 Crore
BWR B : Karni Processors Pvt. Ltd. Long Term Bank Loan ₹11.82 Crore
BWR A4 : Maharaja Short Term Bank Loan ₹6.00 Crore
: Apex Aluminium Extrusion Pvt. Ltd. Long Term Bank Loan
BWR BB - : Supreem Pharmaceuticals Mysore Pvt. Ltd. Long Term Bank Loan ₹8.90 Crore
: Apex Aluminium Extrusion Pvt. Ltd. Short Term Bank Loan
BWR A4 : Supreem Pharmaceuticals Mysore Pvt. Ltd. Short Term Bank Loan ₹5.00 Crore
BWR C : SVM Oil Industries, Bharatpur Long Term Bank Loan ₹22.00 Crore
BWR B : Rao Constructions Long Term Bank Loan ₹5.00 Crore
BWR B : Sumeet Infracon Pvt. Ltd. Long Term Bank Loan ₹50.00 Crore
BWR A4 : Rao Constructions Short Term Bank Loan ₹25.00 Crore
BWR D : Amrit Duraparts Pvt. Ltd. Long Term Bank Loan ₹18.96 Crore
BWR BB - : Veerabhadreswara Raw & Boiled Rice Mill Long Term Bank Loan ₹16.00 Crore
BWR D : Amrit Duraparts Pvt. Ltd. Short Term Bank Loan ₹1.50 Crore
BWR A4 : Veerabhadreswara Raw & Boiled Rice Mill Short Term Bank Loan ₹3.00 Crore
BWR D : Amrit Engineering and Foundry works Long Term Bank Loan ₹8.40 Crore
BWR BBB + : Shivalaya Construction Co. Pvt. Ltd. Long Term Bank Loan ₹80.00 Crore
BWR D : Amrit Engineering and Foundry works Short Term Bank Loan ₹0.50 Crore
BWR A2 : Shivalaya Construction Co. Pvt. Ltd. Short Term Bank Loan ₹830.00 Crore
BWR C - : E-Land Apparel Limited (Erstwhile Mudra Lifestyle Limited) Long Term Bank Loan ₹35.00 Crore
BWR B - : V K Packwell Pvt. Ltd. Long Term Bank Loan ₹12.16 Crore
BWR A4 : E-Land Apparel Limited (Erstwhile Mudra Lifestyle Limited) Short Term Bank Loan ₹20.00 Crore
BWR A4 : V K Packwell Pvt. Ltd. Short Term Bank Loan ₹2.00 Crore
BWR B + : Millennium Vitrified Tiles Pvt. Ltd. Long Term Bank Loan ₹12.00 Crore
BWR B : Astra Lifecare India Pvt. Ltd. Long Term Bank Loan ₹96.00 Crore
BWR A4 : Millennium Vitrified Tiles Pvt. Ltd. Short Term Bank Loan ₹5.18 Crore
BWR A4 : Astra Lifecare India Pvt. Ltd. Short Term Bank Loan ₹8.00 Crore
BWR D : Indotech Industries (I) Pvt. Ltd. Long Term Bank Loan ₹6.61 Crore
BWR B : Kumaran Sizing Mills Long Term Bank Loan ₹4.96 Crore
BWR D : Indotech Industries (I) Pvt. Ltd. Short Term Bank Loan ₹2.28 Crore
BWR A4 : Kumaran Sizing Mills Short Term Bank Loan ₹1.75 Crore
BWR B : SSV Fab Industries Pvt Ltd Long Term Bank Loan ₹24.97 Crore
BWR D : Power Engineering (India) Pvt. Ltd. Long Term Bank Loan ₹22 Crore
BWR A4 : SSV Fab Industries Pvt Ltd Short Term (Rs.20 Cr is the sub limit) Bank Loan
BWR C : Power Engineering (India) Pvt. Ltd. Long Term Bank Loan ₹22 Crore
BWR B : Durable Conductors & Cables Long Term Bank Loan ₹9.00 Crore
BWR D : Power Engineering (India) Pvt. Ltd. Short Term Bank Loan ₹14 Crore(15 Cr is the sub limit)
BWR A4 : Durable Conductors & Cables Short Term Bank Loan ₹7.00 Crore
BWR A4 : Power Engineering (India) Pvt. Ltd. Short Term Bank Loan ₹14 Crore(15 Cr is the sub limit)
BWR BBB - : Bulktainer Shipping Ltd. Long Term Bank Loan ₹19.00 Crore
BWR D : Laxmi Cotton Industries Long Term Bank Loan ₹14.90 Crore
BWR A3 : Bulktainer Shipping Ltd. Short Term Bank Loan ₹5.00 Crore
BWR BBB : Baid Leasing and Finance Co. Ltd. Long Term Bank Loan ₹180 Crore
BWR BB + : JR Seamless Pvt. Ltd. Long Term Bank Loan ₹11.00 Crore
BWR B - : RD Golden Jewels Pvt. Ltd. Long Term Bank Loan ₹7.00 Crore
BWR A4 + : JR Seamless Pvt. Ltd. Short Term Bank Loan ₹4.00 Crore
: Kishna Exports International Long Term Bank Loan
BWR C + : Rijan Educational Society Long Term Bank Loan ₹6.00 Crore
BWR C - : SM Ventures Long Term Bank Loan ₹15.00 Crore
: Adani Township & Real Estate Co Pvt. Ltd Long Term Bank Loan
BWR B + : Tejraj Realtors Long Term Bank Loan ₹47.00 Crore
BWR B + : Mono Steel (India) Ltd Long Term Bank Loan ₹52.00 Crore
BWR D : Sri Duraiappa Stores Long Term Bank Loan ₹8.00 Crore
BWR A4 : Mono Steel (India) Ltd Short Term Bank Loan ₹218.50 Crore
BWR C - : AAR Royal Residency Pvt Ltd Long Term Bank Loan ₹1.89 Crore
BWR D : Hindustan Newsprint Limited Long Term Bank Loan ₹145.31 Crore
BWR BBB - : Gulzar Educational and Charitable Trust Long Term Bank Loan ₹32.72 Crore
BWR D : Hindustan Newsprint Limited Short Term Bank Loan ₹65.00 Crore
BWR A3 : Gulzar Educational and Charitable Trust Short Term Bank Loan ₹0.20 Crore
BWR C : Vimal Platnium Private Limited Long Term Bank Loan ₹7.23 Crore
BWR B + : Jigar Transport company Long Term Bank Loan ₹29.13 Crore
BWR C + : Litchica Products Pvt Ltd Long Term Bank Loan ₹10.50 Crore
BWR A4 : Jigar Transport company Short Term Bank Loan ₹5.50 Crore
BWR B - : BK Steels Long Term Bank Loan ₹11.50 Crore
BWR D : Shivalik Poultry Long Term Bank Loan ₹5.40 Crore
BWR B : VS Ecoblocks Pvt Ltd Long Term Bank Loan ₹7.86 Crore
BWR A4 : Kamal & Sons Short Term Bank Loan ₹6.72 Crore
BWR A4 : VS Ecoblocks Pvt Ltd Short Term Bank Loan ₹0.15 Crore
BWR A4 : Sri Venkateswara Exports Short Term Bank Loan ₹17.00 Crore
BWR D : Vijaya Sai Laboratories India Pvt Ltd Long Term Bank Loan ₹11.56 Crore
BWR C + : Flexifoil Packaging Pvt Ltd Long Term Bank Loan ₹8.31 Crore
BWR D : Vijaya Sai Laboratories India Pvt Ltd Short Term Bank Loan ₹2.00 Crore
BWR B : Tan Singh Chouhan Long Term Bank Loan ₹12.00 Crore
BWR B : Car Cure Long Term Bank Loan ₹6.50 Crore
BWR A4 : Tan Singh Chouhan Short Term Bank Loan ₹17.50 Crore
BWR BBB - : JTPM Atsali Limited Non Convertible Debentures₹209 Crore
BWR BBB - : Capital Electech Pvt Ltd Long Term Bank Loan ₹125 Crore
BWR BBB - : JTPM Atsali Limited Proposed Non Convertible Debentures₹114 Crore
BWR BBB + : Aroma Agrotech Pvt. Ltd. Long Term Bank Loan ₹16.43 Crore
BWR B - : Oom Shreenikethana Trust Long Term Bank Loan ₹19.90 Crore
BWR A2 : Aroma Agrotech Pvt. Ltd. Short Term Bank Loan ₹120 Crore
BWR B : Gaurav Rice & Food Processing Pvt. Ltd. Long Term Bank Loan ₹15.58 Crore
BWR B - : Cymbio Pharma Pvt Ltd Long Term Bank Loan ₹5.80 Crore
BWR AA : Bhopal Municipal Corporation Non Convertible Debentures₹175 Crore
BWR D : Khedut Cotex Pvt Ltd Long Term Bank Loan ₹8.77 Crore
BWR D : Tribhuwan Narayan Singh Long Term Bank Loan ₹10.00 Crore
BWR B : Priyanka Infra Pvt Ltd Long Term Bank Loan ₹7.00 Crore
BWR D : Tribhuwan Narayan Singh Short Term Bank Loan ₹10.00 Crore
BWR A4 : Priyanka Infra Pvt Ltd Short Term Bank Loan ₹8.00 Crore
BWR B - : Kunjir Bioenergy India LLP Long Term Bank Loan ₹75.00 Crore
BWR B : G H Raisoni Educational And Medical Foundation Long Term Bank Loan ₹13.00 Crore
BWR BB : G.H. Raisoni Foundation Society Long Term Bank Loan ₹6.78 Crore
BWR BB : Amrit Crafts Pvt Ltd Long Term Bank Loan ₹28.55 Crore
BWR B - : Agroha Iron And Steel Industries Long Term Bank Loan ₹12.00 Crore
BWR A4 : Amrit Crafts Pvt Ltd Short Term Bank Loan ₹2.00 Crore
BWR BB - : Dynamic Ship Recyclers Pvt. Ltd. Long Term Bank Loan ₹5.50 Crore
BWR D : Ansal Buildwell Ltd Long Term Bank Loan ₹37.96 Crore
BWR A4 : Dynamic Ship Recyclers Pvt. Ltd. Short Term Bank Loan ₹31.64 Crore
BWR D : Ansal Buildwell Ltd Short Term Bank Loan ₹4.00 Crore
BWR AAAmfs : Baroda Asset Management India Ltd. Mutual Funds (Baroda Banking and PSU Bond Fund)
BWR C : Andhra Pradesh Power Development Company Limited Long Term Bank Loan ₹1500.00 Crore
BWR BBB - : Surfa Coats (India) Pvt. Ltd. Long Term Bank Loan ₹31.68 Crore
BWR B : Standard Buildcon Long Term Bank Loan ₹3.00 Crore
BWR A3 : Surfa Coats (India) Pvt. Ltd. Short Term Bank Loan ₹1.75 Crore
BWR A4 : Standard Buildcon Short Term Bank Loan ₹4.25 Crore
BWR BBB + : Welspun Infrafacility Pvt. Ltd. Long Term Bank Loan ₹1256.00 Crore
BWR D : Freelance Fish Meal & Oil Private Limited Long Term Bank Loan ₹16.75 Crore
BWR B : H.V. Equipments Pvt. Ltd. Long Term Bank Loan ₹21.00 Crore
BWR B - : ICON Design Automation Pvt. Ltd. Long Term Bank Loan ₹7.09 Crore
BWR BB + : Ganadhi Pati Construction Pvt. Ltd. Long Term Bank Loan ₹35.00 Crore
BWR A4 : ICON Design Automation Pvt. Ltd. Short Term Bank Loan ₹7.40 Crore
BWR AAA : SBI Funds Management Pvt. Ltd. Long Term Bank Loan ₹40300 Crore
BWR B - : Ranar Agrochem Limited Long Term Bank Loan ₹34.55 Crore
BWR A4 : Ranar Agrochem Limited Short Term Bank Loan ₹11.00 Crore
BWR C - : Eco Sand Long Term Bank Loan ₹9.61 Crore
BWR C + : Matha Exports Long Term Bank Loan ₹8.71 Crore
BWR C - : S.A. Nashipudi Long Term Bank Loan ₹7.58 Crore
BWR BBB : Niine Pvt. Ltd. (erstwhile Shudh Plus Hygiene Products) Long Term Bank Loan ₹144.13 Crore
BWR A3 + : Niine Pvt. Ltd. (erstwhile Shudh Plus Hygiene Products) Short Term (Rs.55 Cr is the sub limit) Bank Loan
BWR A4 : Mamata Educational Society Short Term Bank Loan ₹12.00 Crore
BWR B : Utkal Metallics Limited Long Term Bank Loan ₹7.30 Crore
BWR A4 : Utkal Metallics Limited Short Term Bank Loan ₹0.40 Crore
BWR B - : R. M. Enterprises Long Term Bank Loan ₹8.00 Crore
BWR A4 : R. M. Enterprises Short Term Bank Loan ₹7.00 Crore
BWR D : Sanya Hospitality Pvt. Ltd. Long Term Bank Loan ₹177.29 Crore
BWR BBB : Mapsko Builders Pvt. Ltd. Long Term Bank Loan ₹75.30 Crore(Rs.57.97 Cr has been withdrawn)
BWR A3 + : Mapsko Builders Pvt. Ltd. Short Term Bank Loan ₹16.73 Crore
BWR BB - : Assam Progressive Developers Ltd. Long Term Bank Loan ₹14.00 Crore
BWR BBB - : Birla Sanskriti Trust Long Term Bank Loan ₹175 Crore
BWR B - : Supreme Mills India Pvt. Ltd. Long Term Bank Loan ₹7.17 Crore
BWR BB + : Uttam Sugar Mills Ltd. Long Term Bank Loan ₹904.73 Crore
BWR A4 + : Uttam Sugar Mills Ltd. Short Term Bank Loan ₹37.50 Crore
BWR BBB + : Windsor Industries Pvt. Ltd. Long Term Bank Loan ₹10.64 Crore
BWR BBB + : KMC Speciality Hospitals (India) Ltd. Long Term Bank Loan ₹97.40 Crore
BWR BB : Budhraja Mining & Constructions Ltd. Long Term Bank Loan ₹1.50 Crore
BWR A4 + : Budhraja Mining & Constructions Ltd. Short Term Bank Loan ₹9.00 Crore
BWR B + : Cemcon Railway Industries Long Term Bank Loan ₹5.00 Crore
BWR A4 : Cemcon Railway Industries Short Term Bank Loan ₹4.10 Crore
BWR BBB : KN Highways Development Pvt. Ltd. Long Term Bank Loan ₹235.82 Crore
BWR BB - : Airlife Gases Pvt. Ltd. Long Term Bank Loan ₹23.30 Crore
BWR A4 + : Airlife Gases Pvt. Ltd. Short Term Bank Loan ₹31.88 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.