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Rating Rationales


Date Organization Description
14 October 2024Kanpur Fertilizers & Chemicals Ltd. (erstwhile Kanpur Fertilizers & Cement Ltd.) Issuer did not cooperate; Based on best available information; Rating moved to Not Reviewed Advisory;
Jessica Jewels & Fashion Pvt. Ltd. Issuer did not cooperate; Based on best available information; Long Term Continues to be in ISSUER NOT COOPERATING* category/Reaffirmed;
Manoj Mangla and Manish Mangla Ware House Issuer did not cooperate; Based on best available information; Rating moved to Not Reviewed Advisory;
Master Fab Industries Issuer did not cooperate; Based on best available information; Rating moved to Not Reviewed Advisory;
Lakshmi Vinayaka Traders Issuer did not cooperate; Based on best available information; Long Term Continues to be in ISSUER NOT COOPERATING* category/Reaffirmed;
Bakewell Biscuits Pvt. Ltd. Issuer did not cooperate; Based on best available information; Rating moved to Not Reviewed Advisory;
Damara Gold Pvt. Ltd. Issuer did not cooperate; Based on best available information; Rating moved to Not Reviewed Advisory;
Kaveri Tubes Issuer did not cooperate; Based on best available information; Rating moved to Not Reviewed Advisory;
Shri Shyam Iron & Power Pvt. Ltd. Issuer did not cooperate; Based on best available information; Rating moved to Not Reviewed Advisory;
OSL Exclusive Pvt. Ltd. Issuer did not cooperate; Based on best available information; Rating moved to Not Reviewed Advisory;
Bellona Estate Developers Limited Issuer did not cooperate; Based on best available information; Long Term Continues to be in ISSUER NOT COOPERATING* category/Reaffirmed;
United Electricals and Transformers Issuer did not cooperate; Based on best available information; Continues to be in ISSUER NOT COOPERATING* category/Reaffirmed;
Shri Dhanalakshmi Green Energy India Pvt. Ltd. Issuer did not cooperate; Based on best available information; Rating moved to Not Reviewed Advisory;
Digital Venture Pvt. Ltd. Issuer did not cooperate; Based on best available information; Rating moved to Not Reviewed Advisory;
Algol Business Systems Pvt. Ltd. Issuer did not cooperate; Based on best available information; Rating moved to Not Reviewed Advisory;
SBJ Exports and Mfg Pvt. Ltd. Issuer did not cooperate; Based on best available information; Rating moved to Not Reviewed Advisory;
Green Gold Timber Pvt. Ltd. Issuer did not cooperate; Based on best available information; Continues to be in ISSUER NOT COOPERATING* category/Reaffirmed;
Pattabi Enterprises Pvt. Ltd. Rating moved to Not Reviewed Advisory;
Shri Ashutosh Structures Pvt. Ltd. Issuer did not cooperate; Based on best available information; Rating moved to Not Reviewed Advisory;
Ganges Internationale Pvt. Ltd. Issuer did not cooperate; Based on best available information; Outstanding Ratings Downgraded;
Munna Industries Issuer did not cooperate; Based on best available information; Rating moved to Not Reviewed Advisory;
Rama Enterprises (A Unit of Param Shakti Dhatu Udyog 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 +;
Globe Artwares Impex Pvt Ltd Issuer did not cooperate; Based on best available information; Rating moved to Not Reviewed Advisory;
Vishal Surgical Equipment Company Issuer did not cooperate; Based on best available information; Rating moved to Not Reviewed Advisory;
SNB Infrastructure Pvt Ltd Issuer did not cooperate; Based on best available information; Rating moved to Not Reviewed Advisory;
MMS Steel & Power Pvt Ltd Issuer did not cooperate; Based on best available information; Rating moved to Not Reviewed Advisory;
Monga Brothers Ltd. Issuer did not cooperate; Based on best available information; Rating moved to Not Reviewed Advisory;
Doon Modern Education Society Issuer did not cooperate; Based on best available information; Rating moved to Not Reviewed Advisory;
Manidhari Oils Private Limited Issuer did not cooperate; Based on best available information; Rating moved to Not Reviewed Advisory;
Shiw Prasad Jyoti Prasad Issuer did not cooperate; Based on best available information; Rating moved to Not Reviewed Advisory;
Raitani Engineering Works Pvt Ltd Issuer did not cooperate; Based on best available information; Rating moved to Not Reviewed Advisory;
Narmada Extrusions Limited Issuer did not cooperate; Based on best available information; Rating moved to Not Reviewed Advisory;
Shree Ganesh Pulse Mills Issuer did not cooperate; Based on best available information; Rating moved to Not Reviewed Advisory;
Shri Kedareshwar Khandsari Udyog Issuer did not cooperate; Based on best available information; Rating moved to Not Reviewed Advisory;
Reddy and Reddy Imports and Exports Issuer did not cooperate; Based on best available information; Rating moved to Not Reviewed Advisory;
AJSG Motors Pvt Ltd Issuer did not cooperate; Based on best available information; Rating moved to Not Reviewed Advisory;
U C Jain Foundation Trust Issuer did not cooperate; Based on best available information; Long Term Rating Continues to be in ISSUER NOT COOPERATING* category/Downgraded to BWR D;
Khandoba Distilleries Ltd. Issuer did not cooperate; Based on best available information; Rating moved to Not Reviewed Advisory;
Gupta Housing 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 -;
Sushma Buildtech Limited Issuer did not cooperate; Based on best available information; Rating moved to Not Reviewed Advisory;
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