Bangalore +91 80 4040 9940
Mumbai +91 22 2831 1426 / 39
Ahmedabad +91 79 6617 4046 / 47
Chennai +91 73058 74973
Hyderabad +91 40 2331 0131
Kolkata +91 98301 96968
New Delhi +91 11 2341 2232
Common Ph 1-860-425-2742
qr code sms

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]
Name of the IssuerSectorInstrument TypeIssue Size ( Rupees in Millions)Date of Non-acceptanceListing StatusRating Assigned
Bee Pee ElectricalsEngineering & Capital Goods BLR Rating - Long Term / Short Term 32030 Jul 2021Unlisted BWR BB / BWR A4
Mahakali Foods Pvt. Ltd.FMCG BLR Rating - Long Term / Short Term 345.330 Jul 2021Unlisted BWR D / BWR D
Gujarat Narmada Valley Fertilizers & Chemicals Ltd.Chemicals & Chemical Products BLR Rating - Long Term / Short Term 2900027 Jul 2021Listed BWR AA + / BWR A1 +
Siddhi Paper Mill Pvt. Ltd.Miscellaneous BLR Rating - Long Term 7027 Jul 2021Unlisted BWR D
KIOCL Ltd.*Metal & Metal Products BLR Rating - Long Term / Short Term 1050026 Jul 2021Listed BWR AA - / BWR A1 +
Garg Rice IndustryAgriculture & Agro-Based Products BLR Rating - Long Term 12023 Jul 2021Unlisted BWR B +
Patanjali Food & Herbal Park Nagpur Pvt. Ltd.FMCG BLR Rating - Long Term 200023 Jul 2021Unlisted BWR BB +
Viraansh Industries Pvt. Ltd.Forest Materials BLR Rating - Long Term 26020 Jul 2021Unlisted BWR B
Sachdeva Home Furnishing Pvt. Ltd.Textile & Accessories BLR Rating - Long Term / Short Term 14909 Jul 2021Unlisted BWR B + / BWR A4
GS PEB and Civil Works Pvt. Ltd.Engineering & Capital Goods BLR Rating - Long Term / Short Term 517.505 Jul 2021Unlisted BWR BB + / BWR A4 +
Magnum Aviation Pvt. Ltd.Transportation BLR Rating - Long Term 19001 Jul 2021Unlisted BWR D
Milestone CorporationConstruction & Construction Materials BLR Rating - Long Term / Short Term 12001 Jul 2021Unlisted BWR BB - / BWR A4
Ramshree Global Constructions Pvt. Ltd.Infrastructure BLR Rating - Long Term / Short Term 389.529 Jun 2021Unlisted BWR BB - / BWR A4
Shakti Art IndustriesTextile & Accessories BLR Rating - Long Term / Short Term 113.524 Jun 2021Unlisted BWR B + / BWR A4
Jugnu Foods Pvt. Ltd.FMCG BLR Rating - Long Term 121.318 Jun 2021Unlisted BWR D
Khanday Infrastructure Pvt. Ltd.Engineering & Capital Goods BLR Rating - Long Term 247.115 Jun 2021Unlisted BWR BB -
Vetrivel Explosives Pvt. Ltd.Chemicals & Chemical Products BLR Rating - Long Term / Short Term 15015 Jun 2021Unlisted BWR B - / BWR A4
Bhilai Engineering Corporation Ltd.Engineering & Capital Goods BLR Rating - Long Term 50009 Jun 2021Listed BWR D
Rays Power Infra Pvt. Ltd.Power BLR Rating - Long Term / Short Term 74009 Jun 2021Unlisted BWR BBB / BWR A3 +
Indiabulls Infraestate Ltd.**Real Estate Credit Rating - Non Convertible Debentures 350001 Jun 2021Unlisted Provisional BWR A + (CE)
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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)