Rating Rationales






Date Organization Description
13 November 2024JBS Engineering Works Issuer did not cooperate; Based on best available information; Long Term Continues to be in ISSUER NOT COOPERATING* category/Reaffirmed;
Ambica Cashew Industries Issuer did not cooperate; Based on best available information; Continues to be in ISSUER NOT COOPERATING* category/Reaffirmed;
Thandiram Impex Pvt. Ltd. Issuer did not cooperate; Based on best available information; Continues to be in ISSUER NOT COOPERATING* category/Reaffirmed;
Mega Construction Company Issuer did not cooperate; Based on best available information; Continues to be in ISSUER NOT COOPERATING* category/Reaffirmed;
Lifespan Biotech Pvt. Ltd. Issuer did not cooperate; Based on best available information; Long Term Continues to be in ISSUER NOT COOPERATING* category/Reaffirmed;
Meerut Roller Flour Mills Pvt. Ltd Issuer did not cooperate; Based on best available information; Long Term Rating Continues to be in ISSUER NOT COOPERATING* category/Downgraded to BWR B; Short Term Continues to be in ISSUER NOT COOPERATING* category/Reaffirmed;
Didwania Spinning Mills Pvt. Ltd Issuer did not cooperate; Based on best available information; Continues to be in ISSUER NOT COOPERATING* category/Reaffirmed;
MMG Impex Issuer did not cooperate; Based on best available information; Long Term Rating Continues to be in ISSUER NOT COOPERATING* category/Downgraded to BWR B -;
NF Infratech Service Pvt Ltd. Issuer did not cooperate; Based on best available information; Continues to be in ISSUER NOT COOPERATING* category/Reaffirmed;
Shiv Lal Trading Company Issuer did not cooperate; Based on best available information; Long Term Continues to be in ISSUER NOT COOPERATING* category/Reaffirmed;
Shri Hiramani Cold Storage Pvt Ltd Issuer did not cooperate; Based on best available information; Long Term Continues to be in ISSUER NOT COOPERATING* category/Reaffirmed;
Srinivas Export Garments Issuer did not cooperate; Based on best available information; Long Term Continues to be in ISSUER NOT COOPERATING* category/Reaffirmed;
RSG Foods Pvt Ltd. Issuer did not cooperate; Based on best available information; Long Term Continues to be in ISSUER NOT COOPERATING* category/Reaffirmed;
Shivprasad Foods & Milk Products Issuer did not cooperate; Based on best available information; Long Term Continues to be in ISSUER NOT COOPERATING* category/Reaffirmed;
Ahlawat Research & Breeding Farm Issuer did not cooperate; Based on best available information; Long Term Continues to be in ISSUER NOT COOPERATING* category/Reaffirmed;
Nishant Mouldings Pvt Ltd Issuer did not cooperate; Based on best available information; Downgraded and Withdrawn for Long Term;
Alang Ship Breaking Corporation Outstanding Ratings Upgraded;
P Patel Ship Breaking Company Ratings Reaffirmed;
Merlon Infra Projects Pvt Ltd Issuer did not cooperate; Based on best available information; Long Term Rating Continues to be in ISSUER NOT COOPERATING* category/Downgraded to BWR B -; Short Term Continues to be in ISSUER NOT COOPERATING* category/Reaffirmed;
GRAND WINDSOR RESORTS LIMITED Outstanding Ratings Withdrawn;
Tankeshwari Metal Powder Products Pvt Ltd Long Term Rating Reaffirmed;
Sai Infra Issuer did not cooperate; Based on best available information; Long Term Continues to be in ISSUER NOT COOPERATING* category/Reaffirmed;
AG Wable Issuer did not cooperate; Based on best available information; Continues to be in ISSUER NOT COOPERATING* category/Reaffirmed;
R. B. Trade Link Issuer did not cooperate; Based on best available information; Long Term Continues to be in ISSUER NOT COOPERATING* category/Reaffirmed;
Devi Construction Co Pvt. Ltd. Issuer did not cooperate; Based on best available information; Short Term Continues to be in ISSUER NOT COOPERATING* category/Reaffirmed;
12 November 2024Synergy Punching Pvt. Ltd. Issuer did not cooperate; Based on best available information; Long Term Rating Continues to be in ISSUER NOT COOPERATING* category/Downgraded to BWR C; Short Term Continues to be in ISSUER NOT COOPERATING* category/Reaffirmed;
Gangotri Paper Mills Pvt. Ltd. Issuer did not cooperate; Based on best available information; Long Term Rating Continues to be in ISSUER NOT COOPERATING* category/Downgraded to BWR B +;
Dipesh Construction Co. Issuer did not cooperate; Based on best available information; Continues to be in ISSUER NOT COOPERATING* category/Reaffirmed;
Inter Knit Fashion Issuer did not cooperate; Based on best available information; Short Term Continues to be in ISSUER NOT COOPERATING* category/Reaffirmed;
Ramdev Industries Ltd Issuer did not cooperate; Based on best available information; Continues to be in ISSUER NOT COOPERATING* category/Reaffirmed;
Global Vectra Helicorp Ltd Issuer did not cooperate; Based on best available information; Long Term Rating Continues to be in ISSUER NOT COOPERATING* category/Downgraded to BWR B +; Short Term Continues to be in ISSUER NOT COOPERATING* category/Reaffirmed;
Atluri Foods Pvt Ltd Issuer did not cooperate; Based on best available information; Long Term Continues to be in ISSUER NOT COOPERATING* category/Reaffirmed;
ST Cottex Exports Private Limited Issuer did not cooperate; Based on best available information; Outstanding Ratings Downgraded;
Purohit Steel India Private Limited Issuer did not cooperate; Based on best available information; Long Term Rating Continues to be in ISSUER NOT COOPERATING* category/Downgraded to BWR B +; Short Term Continues to be in ISSUER NOT COOPERATING* category/Reaffirmed;
Maruti Papers Ltd Issuer did not cooperate; Based on best available information; Outstanding Ratings Continues to be in ISSUER NOT COOPERATING* category/Downgraded;
Luxora Infrastructure Pvt Ltd Non Convertible Debentures Rating Reaffirmed;
Pentech Metals Ltd. (erstwhile Pentech Metals Pvt Ltd) Issuer did not cooperate; Based on best available information; Long Term Continues to be in ISSUER NOT COOPERATING* category/Reaffirmed;
Aruna Textile Processing Mills Issuer did not cooperate; Based on best available information; Continues to be in ISSUER NOT COOPERATING* category/Reaffirmed;
Hindprakash Industries Ltd(Formally Known as Hindprakash Industries Pvt Ltd) Issuer did not cooperate; Based on best available information; Long Term Rating Continues to be in ISSUER NOT COOPERATING* category/Downgraded to BWR BB -; Short Term Continues to be in ISSUER NOT COOPERATING* category/Reaffirmed;
Sri Siddhartha Academy of Higher Education Issuer did not cooperate; Based on best available information; Long Term Rating Continues to be in ISSUER NOT COOPERATING* category/Downgraded to BWR C;
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