Non-accepted  Ratings

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z [0-9]
S.No. Name of the IssuerSectorSecurity TypeIssue Size ( Rupees in Millions)Date of Non-acceptanceListing Status (Listed/ proposed to be listed)Rating AssignedWhether the rating was accepted by the issuer, subse quent to the non- accepted ratings disclo sure? (Yes/ No)Date of sub sequent accepta nce of final rating assignedFinal rating accepted by the issuerWhether the issuer requested for a review/appeal subsequent to disclosure of unaccepted rating?Whether review/appeal of the disclosed unaccepted rating was granted by CRA.
1 Worldwide Movers Pvt. Ltd.-- BLR Rating - Long Term 2304.116 Jun 2025Unlisted BWR BB -
2 Kings Dried Foods Pvt. Ltd.-- BLR Rating - Long Term / Short Term 654.912 Jun 2025Unlisted BWR B + / BWR A4
3 Shrijee Lifestyle Pvt. Ltd.-- BLR Rating - Long Term / Short Term 1436.105 Jun 2025Unlisted BWR BBB - / BWR A3
4 Applied Realtech Systems Pvt. Ltd.-- BLR Rating - Long Term / Short Term 472.602 Jun 2025Unlisted BWR BB + / BWR A4 +
5 Namdhari Industrial Traders Pvt. Ltd.-- BLR Rating - Long Term / Short Term 72005 May 2025Unlisted BWR BB + / BWR A4 +
6 Platinum Automobiles Pvt. Ltd.-- BLR Rating - Long Term / Short Term 442.828 Apr 2025Unlisted BWR BB - / BWR A4
7 Aristo Securities Pvt. Ltd.-- Credit Rating - Commercial Paper 10025 Apr 2025Unlisted BWR A4 +
8 Dehradun Premier Motors Pvt. LtdAutomobiles & Auto Ancillary BLR Rating - Long Term / Short Term 39011 Apr 2025Unlisted BWR BB + / BWR A4 +
9 Highway Engineering Magnitude Consortium-- BLR Rating - Long Term 13.602 Apr 2025Unlisted BWR B -
10 Pandinadu Finance Company Pvt. Ltd.-- BLR Rating - Long Term 100028 Mar 2025Unlisted BWR BB
11 Crownstone Constructions Private Limited-- BLR Rating - Long Term 8827 Mar 2025Unlisted BWR BB -
12 Anantaa Engineering & Infrastructures Pvt. Ltd.-- BLR Rating - Long Term / Short Term 46005 Mar 2025Unlisted BWR BB / BWR A4 +
13 Avtar Instalments Pvt. Ltd.-- BLR Rating - Long Term 50027 Feb 2025Unlisted BWR BB
14 Charbhuja Product (India) Pvt. Ltd.-- BLR Rating - Long Term 889.425 Feb 2025Unlisted BWR BB -
15 Kotarki Constructions Pvt. LtdEngineering & Capital Goods BLR Rating - Long Term / Short Term 50013 Feb 2025Unlisted BWR BB - / BWR A4
16 Rainbow Denim Ltd.-- BLR Rating - Long Term 925.608 Feb 2025Listed BWR BB
17 SPD Infra Projects Pvt. Ltd.-- BLR Rating - Long Term / Short Term 25016 Jan 2025Unlisted BWR C / BWR A4
18 Coral Telecom Ltd.-- BLR Rating - Long Term / Short Term 22407 Jan 2025Unlisted BWR BB / BWR A4
19 Nikom InfraSolutions Pvt. Ltd. -- BLR Rating - Long Term / Short Term 50026 Dec 2024Unlisted BWR BB + / BWR A4 +
20 Siddhi Industries Ltd.-- BLR Rating - Long Term 193.216 Dec 2024Unlisted BWR BB
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* denotes that ratings have been subsequently accepted.

** denotes that provisional ratings has been alloted to this company.

Steps for assigning provisional ratings

  • The Provisional CE Rating is subject to the fulfilment and review of all pending actions/documentation pertaining to the facility rated by BWR, specifically the execution of corporate guarantee deeds by Indiabulls Real Estate Limited towards the proposed NCD issue amounting to Rs.350 Cr to be issued by Indiabulls Infraestate Limited, receipt of the executed Debenture Trust Deed and / or financing documents with contours of structure in line with the draft term sheet shared with BWR.
  • The final rating may differ from the provisional rating in case the completed actions / documentation is not in line with BWR’s expectations at the time of assigning provisional ratings.
  • The final rating assigned shall be consistent with the available documents or completed steps, as applicable.
  • Ratings that would have been assigned in the absence of pending steps and documentations:- BWR A- (Credit Watch With Developing Implications)