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Rating Rationales


Date Organization Description
24 April 2025Nashik Infrastructure Developers Ltd. Issuer did not cooperate; Based on best available information; Long Term Continues to be in ISSUER NOT COOPERATING* category/Reaffirmed;
Sri Bhagavathi Rice Mill Issuer did not cooperate; Based on best available information; Rating moved to Not Reviewed Advisory;
Trade Impex Inc. Issuer did not cooperate; Based on best available information; Continues to be in ISSUER NOT COOPERATING* category/Reaffirmed;
Himalayan Agro Vital Enterprises Issuer did not cooperate; Based on best available information; Long Term Continues to be in ISSUER NOT COOPERATING* category/Reaffirmed;
Sri Sai Durga Foods Issuer did not cooperate; Based on best available information; Rating moved to Not Reviewed Advisory;
Exclusive Steel & Casting Ltd.(erstwhile Exclusive Steel And Casting Pvt. Ltd.) Issuer did not cooperate; Based on best available information; Continues to be in ISSUER NOT COOPERATING* category/Reaffirmed;
Ganesh Roadlines Issuer did not cooperate; Based on best available information; Rating moved to Not Reviewed Advisory;
Rinox Engineering Issuer did not cooperate; Based on best available information; Short Term Continues to be in ISSUER NOT COOPERATING* category/Reaffirmed;
M. M. Industries Issuer did not cooperate; Based on best available information; Continues to be in ISSUER NOT COOPERATING* category/Reaffirmed;
Sri Krishna Saw Mill (Chennai) Issuer did not cooperate; Based on best available information; Continues to be in ISSUER NOT COOPERATING* category/Reaffirmed;
Shreebhav Polyknits Pvt. Ltd. Issuer did not cooperate; Based on best available information; Rating moved to Not Reviewed Advisory;
Janani Tours and Resorts 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;
Bharathi Consumer Care Products 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 -;
Sri Shiridi Sairam Rice Mill Issuer did not cooperate; Based on best available information; Continues to be in ISSUER NOT COOPERATING* category/Reaffirmed;
Sri Venkateshwara Rice Tech Issuer did not cooperate; Based on best available information; Long Term Continues to be in ISSUER NOT COOPERATING* category/Reaffirmed;
Akanksha Sales Promoters India Pvt. Ltd. Issuer did not cooperate; Based on best available information; Continues to be in ISSUER NOT COOPERATING* category/Reaffirmed;
Behari Colds Pvt. Ltd. Issuer did not cooperate; Based on best available information; Rating moved to Not Reviewed Advisory;
Shri Sagar Woven Pvt. Ltd. Issuer did not cooperate; Based on best available information; Long Term Continues to be in ISSUER NOT COOPERATING* category/Reaffirmed;
Calchem Industries India Limited Issuer did not cooperate; Based on best available information; Continues to be in ISSUER NOT COOPERATING* category/Reaffirmed;
Trident Creation Issuer did not cooperate; Based on best available information; Short Term Continues to be in ISSUER NOT COOPERATING* category/Reaffirmed;
SSV Fab Industries Pvt Ltd Issuer did not cooperate; Based on best available information; Continues to be in ISSUER NOT COOPERATING* category/Reaffirmed;
Eiffel India Infra Projects Pvt Ltd Issuer did not cooperate; Based on best available information; Long Term Continues to be in ISSUER NOT COOPERATING* category/Reaffirmed;
FS Housing Pvt Ltd (Erstwhile Shree Shyam Kripa Landmart Pvt. Ltd.) Issuer did not cooperate; Based on best available information; Rating moved to Not Reviewed Advisory;
M Tech Innovations Ltd Issuer did not cooperate; Based on best available information; Continues to be in ISSUER NOT COOPERATING* category/Reaffirmed;
CK Rajan Issuer did not cooperate; Based on best available information; Rating moved to Not Reviewed Advisory;
Saha Estate Developers Pvt Ltd Issuer did not cooperate; Based on best available information; Non Convertible Debentures Rating Reaffirmed;
Ranergy Solutions Pvt Ltd Issuer did not cooperate; Based on best available information; Continues to be in ISSUER NOT COOPERATING* category/Reaffirmed;
Advance Home and Personal Care Ltd Issuer did not cooperate; Based on best available information; Continues to be in ISSUER NOT COOPERATING* category/Reaffirmed;
G M S Processors Pvt Ltd Issuer did not cooperate; Based on best available information; Continues to be in ISSUER NOT COOPERATING* category/Reaffirmed;
KKP Spinning Mills Pvt Ltd Issuer did not cooperate; Based on best available information; Outstanding Ratings Downgraded;
Kumar AS Construction Issuer did not cooperate; Based on best available information; Continues to be in ISSUER NOT COOPERATING* category/Reaffirmed;
Greater Chennai Corporation Issuer did not cooperate; Based on best available information; Rating moved to Not Reviewed Advisory;
Ardeshir B. Cursetjee & Sons 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;
Maxis Motors Pvt Ltd Issuer did not cooperate; Based on best available information; Rating moved to Not Reviewed Advisory;
Avyaktt Oils Private Limited Issuer did not cooperate; Based on best available information; Long Term Continues to be in ISSUER NOT COOPERATING* category/Reaffirmed;
Rama Krishna Rice Mills Issuer did not cooperate; Based on best available information; Long Term Continues to be in ISSUER NOT COOPERATING* category/Reaffirmed;
Sri Gayathri Modern Raw & Boiled Rice Mill 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;
SRK APARTMENTS Issuer did not cooperate; Based on best available information; Long Term Continues to be in ISSUER NOT COOPERATING* category/Reaffirmed;
Goddess Textiles Issuer did not cooperate; Based on best available information; Long Term Continues to be in ISSUER NOT COOPERATING* category/Reaffirmed;
Lahoti Motors Pvt Ltd Issuer did not cooperate; Based on best available information; Continues to be in ISSUER NOT COOPERATING* category/Reaffirmed;
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