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
A.G. Fats Pvt. Ltd.FMCG BLR Rating - Long Term 454.329 Nov 2022Unlisted BWR BBB -
Dharwad Mishra Pedha & Food Processing IndustryFMCG BLR Rating - Long Term 49924 Nov 2022Unlisted BWR BBB -
Trishul Dealcom Pvt. Ltd.Textile & Accessories BLR Rating - Long Term / Short Term 32523 Nov 2022Unlisted BWR BB + / BWR A4
Galaxy Food Industries Pvt. Ltd.FMCG BLR Rating - Long Term / Short Term 518.522 Nov 2022Unlisted BWR BB / BWR A4
Municipal Corporation Ujjain Public Finance BLR Rating - Long Term 40016 Nov 2022Unlisted BWR BBB
Ashraya FarmAgriculture & Agro-Based Products BLR Rating - Long Term 387.309 Nov 2022Unlisted BWR B
Holiday Inn Resort, JIM Corbett (Unit of Jindal Holidays Pvt. Ltd.)Hotels & Tourism BLR Rating - Long Term 45007 Nov 2022Unlisted BWR B
Pardeep Electricals & Builders Pvt. Ltd.Construction & Construction Materials BLR Rating - Long Term / Short Term 22507 Nov 2022Unlisted BWR B + / BWR A4
Manjeet Cotton Pvt. Ltd.Traders BLR Rating - Long Term 32028 Oct 2022Unlisted BWR A
Maan Pharmaceuticals Ltd.Pharma & Healthcare BLR Rating - Long Term / Short Term 350.807 Oct 2022Unlisted BWR BB / BWR A4
Suryadipta Projects Pvt. Ltd.Engineering & Capital Goods BLR Rating - Long Term / Short Term 13503 Oct 2022Unlisted BWR BB - / BWR A4
Shiva Structures Pvt. Ltd.Engineering & Capital Goods BLR Rating - Long Term / Short Term 30027 Sep 2022Unlisted BWR BB + / BWR A4
Hind Energy And Coal Benefication (I) Ltd.Mining BLR Rating - Long Term / Short Term 60026 Sep 2022Unlisted BWR A - / BWR A2 +
Jubliant Hospitality Services Pvt. Ltd.Miscellaneous BLR Rating - Long Term 19026 Sep 2022Unlisted BWR BBB
SKYZ Stones Pvt. Ltd.Construction & Construction Materials BLR Rating - Long Term / Short Term 679.726 Sep 2022Unlisted BWR BB + / BWR A4 +
Tirumala EnterprisesHotels & Tourism BLR Rating - Long Term / Short Term 422.223 Sep 2022Unlisted BWR BB - / BWR A4
Bhanwariya Infra Projects Pvt. Ltd.Infrastructure BLR Rating - Long Term / Short Term 647.620 Sep 2022Unlisted BWR BB + / BWR A4 +
Sangam Jewels N Gold LLP.Gems & Jewellery BLR Rating - Long Term 49020 Sep 2022Unlisted BWR BBB -
Shri Parasram Holdings Pvt. Ltd.*Financial Services BLR Rating - Long Term / Short Term 500019 Sep 2022Unlisted BWR BBB + / BWR A2 +
Shraddha Energy and InfraProjects Pvt. Ltd.Agriculture & Agro-Based Products BLR Rating - Long Term / Short Term 695.416 Sep 2022Unlisted BWR B / BWR A4
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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)