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Date	Entity Name				Rating Action
4th Mar 24	SAMARTH A D PROTEX PRIVATE LIMITED				Instrument & Lender Details SAMARTH A D PROTEX PRIVATE LIMITED To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 3 + 6 = I am not a robot
	Bank Guarantee (BLR)		Short-term	INR 5 Cr	ACUITE A3+
	Cash Credit		Long-term	INR 18.5 Cr	ACUITE BBB Stable
	Term Loan		Long-term	INR 9.93 Cr	ACUITE BBB Stable
	Proposed Long Term Bank Facility		Long-term	INR 9.92 Cr	ACUITE BBB Stable
4th Mar 24	SAMARTH FABLON PRIVATE LIMITED				Instrument & Lender Details SAMARTH FABLON PRIVATE LIMITED To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 5 + 7 = I am not a robot
	Bank Guarantee (BLR)		Short-term	INR 10 Cr	ACUITE A3+
	Term Loan		Long-term	INR 11.06 Cr	ACUITE BBB Stable
	Cash Credit		Long-term	INR 70 Cr	ACUITE BBB Stable
	Term Loan		Long-term	INR 8.66 Cr	ACUITE BBB Stable
	Proposed Long Term Bank Facility		Long-term	INR 29.76 Cr	ACUITE BBB Stable
4th Mar 24	KRAM INFRACON PRIVATE LIMITED				Instrument & Lender Details KRAM INFRACON PRIVATE LIMITED To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 9 + 2 = I am not a robot
	Letter of Credit		Short-term	INR 7.5 Cr	ACUITE A3+
	Letter of Credit		Short-term	INR 10 Cr	ACUITE A3+
	Proposed Short Term Bank Facility		Short-term	INR 50.5 Cr	ACUITE A3+
	Bank Guarantee (BLR)		Long-term	INR 20 Cr	ACUITE BBB Stable
	Bank Guarantee (BLR)		Long-term	INR 12 Cr	ACUITE BBB Stable
	Cash Credit		Long-term	INR 5 Cr	ACUITE BBB Stable
	Cash Credit		Long-term	INR 5 Cr	ACUITE BBB Stable
	Bank Guarantee (BLR)		Long-term	INR 10 Cr	ACUITE BBB Stable
	Cash Credit		Long-term	INR 5 Cr	ACUITE BBB Stable
	Cash Credit		Long-term	INR 4.5 Cr	ACUITE BBB Stable
	Cash Credit		Long-term	INR 5 Cr	ACUITE BBB Stable
	Bank Guarantee (BLR)		Long-term	INR 10 Cr	ACUITE BBB Stable
	Proposed Long Term Bank Facility		Long-term	INR 5.5 Cr	ACUITE BBB Stable
4th Mar 24	GUJARAT CRAFT INDUSTRIES LIMITED				Instrument & Lender Details GUJARAT CRAFT INDUSTRIES LIMITED To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 5 + 3 = I am not a robot
	Letter of Credit		Short-term	INR 14 Cr	ACUITE A3+
	Bank Guarantee (BLR)		Short-term	INR 2.5 Cr	ACUITE A3+
	Proposed Short Term Bank Facility		Short-term	INR 1.5 Cr	ACUITE A3+
	Proposed Short Term Bank Facility		Short-term	INR 0.1 Cr	ACUITE A3+
	Cash Credit		Long-term	INR 9 Cr	ACUITE BBB- Stable
	Packing Credit		Long-term	INR 16 Cr	ACUITE BBB- Stable
	Working Capital Term Loan		Long-term	INR 2.55 Cr	ACUITE BBB- Stable
	Covid Emergency Line.		Long-term	INR 1.08 Cr	ACUITE BBB- Stable
	Term Loan		Long-term	INR 1.27 Cr	ACUITE BBB- Stable
	Secured Overdraft		Long-term	INR 7 Cr	ACUITE BBB- Stable
4th Mar 24	SADHGURU PIPES LLP				Instrument & Lender Details SADHGURU PIPES LLP To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 1 + 2 = I am not a robot
	Letter of Credit		Short-term	INR 2.25 Cr	ACUITE A4+
	Working Capital Demand Loan (WCDL)		Long-term	INR 3 Cr	ACUITE BB+
	Term Loan		Long-term	INR 3.11 Cr	ACUITE BB+
	Cash Credit		Long-term	INR 10 Cr	ACUITE BB+
	Covid Emergency Line.		Long-term	INR 0.84 Cr	ACUITE BB+
4th Mar 24	SEEMA ENTERPRISES				Instrument & Lender Details SEEMA ENTERPRISES To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 7 + 7 = I am not a robot
	Cash Credit		Long-term	INR 2.76 Cr	ACUITE B Stable
	Cash Credit		Long-term	INR 0.59 Cr	ACUITE B Stable
	Proposed Long Term Bank Facility		Long-term	INR 1.31 Cr	ACUITE B Stable
	Term Loan		Long-term	INR 1.45 Cr	ACUITE B Stable
	Funded Interest Term Loan		Long-term	INR 0.5 Cr	ACUITE B Stable
4th Mar 24	MAHASEMAM TRUST				Instrument & Lender Details MAHASEMAM TRUST To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 2 + 4 = I am not a robot
	Term Loan		Long-term	INR 9.03 Cr	ACUITE BBB- Stable
	Proposed Long Term Loan		Long-term	INR 13.04 Cr	ACUITE BBB- Stable
	Term Loan		Long-term	INR 14.81 Cr	ACUITE BBB- Stable
	Term Loan		Long-term	INR 26.52 Cr	ACUITE BBB- Stable
	Term Loan		Long-term	INR 23.29 Cr	ACUITE BBB- Stable
	Term Loan		Long-term	INR 7.8 Cr	ACUITE BBB- Stable
	Term Loan		Long-term	INR 7.73 Cr	ACUITE BBB- Stable
	Term Loan		Long-term	INR 10.91 Cr	ACUITE BBB- Stable
	Term Loan		Long-term	INR 15.79 Cr	ACUITE BBB- Stable
	Term Loan		Long-term	INR 4.2 Cr	ACUITE BBB- Stable
	Term Loan		Long-term	INR 20.64 Cr	ACUITE BBB- Stable
	Term Loan		Long-term	INR 5.99 Cr	ACUITE BBB- Stable
	Term Loan		Long-term	INR 9.31 Cr	ACUITE BBB- Stable
	Term Loan		Long-term	INR 89.63 Cr	ACUITE BBB- Stable
	Term Loan		Long-term	INR 12.33 Cr	ACUITE BBB- Stable
	Proposed Long Term Loan		Long-term	INR 2.04 Cr	ACUITE BBB- Stable
	Term Loan		Long-term	INR 4.17 Cr	ACUITE BBB- Stable
	Term Loan		Long-term	INR 2.77 Cr	ACUITE BBB- Stable
1st Mar 24	BETEX INDIA LIMITED				Instrument & Lender Details BETEX INDIA LIMITED To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 9 + 3 = I am not a robot
	Term Loan		Long-term	INR 0.92 Cr	ACUITE BB-
	Cash Credit		Long-term	INR 5 Cr	ACUITE BB-
1st Mar 24	RAMA VISION LIMITED				Instrument & Lender Details RAMA VISION LIMITED To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 4 + 2 = I am not a robot
	Cash Credit		Long-term	INR 9 Cr	ACUITE B+
1st Mar 24	ARKADE PARADIGM				Instrument & Lender Details ARKADE PARADIGM To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 8 + 2 = I am not a robot
	Term Loan		Long-term	INR 25 Cr	ACUITE B
1st Mar 24	HIREN WAHEN BUILDTECH PRIVATE LIMITED				Instrument & Lender Details HIREN WAHEN BUILDTECH PRIVATE LIMITED To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 1 + 2 = I am not a robot
	Non-Covertible Debentures (NCD)		Long-term	INR 49 Cr	ACUITE C
	Proposed Non Convertible Debentures		Long-term	INR 10.1 Cr	ACUITE C
	Proposed Non Convertible Debentures		Long-term	INR 0.4 Cr	ACUITE Provisional C
	Proposed Non Convertible Debentures		Long-term	INR 0.9 Cr	ACUITE C
1st Mar 24	BABASAHEB BAPUSAHEB GUNJATE				Instrument & Lender Details BABASAHEB BAPUSAHEB GUNJATE To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 9 + 1 = I am not a robot
	Cash Credit		Long-term	INR 6 Cr	ACUITE B+
	Proposed Long Term Bank Facility		Long-term	INR 3.65 Cr	ACUITE B+
1st Mar 24	BOLT MASTER INDIA PRIVATE LIMITED				Instrument & Lender Details BOLT MASTER INDIA PRIVATE LIMITED To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 8 + 1 = I am not a robot
	Working Capital Term Loan		Long-term	INR 12.2 Cr	ACUITE D Not Applicable
	Working Capital Term Loan		Long-term	INR 1.89 Cr	ACUITE D Not Applicable
	Term Loan		Long-term	INR 5.61 Cr	ACUITE D Not Applicable
	Term Loan		Long-term	INR 0.3 Cr	ACUITE D Not Applicable
1st Mar 24	DEVI INTERNATIONAL				Instrument & Lender Details DEVI INTERNATIONAL To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 5 + 1 = I am not a robot
	Cash Credit		Long-term	INR 6.95 Cr	ACUITE B+
	Proposed Long Term Bank Facility		Long-term	INR 1.9 Cr	ACUITE B+
1st Mar 24	Great Win Exports				Instrument & Lender Details Great Win Exports To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 7 + 1 = I am not a robot
	PC/PCFC		Short-term	INR 6 Cr	ACUITE A4
	Bills Discounting		Short-term	INR 2 Cr	ACUITE A4
1st Mar 24	INDIGO INFORMATION SYSTEMS PRIVATE LIMITED				Instrument & Lender Details INDIGO INFORMATION SYSTEMS PRIVATE LIMITED To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 7 + 8 = I am not a robot
	Bank Guarantee (BLR)		Short-term	INR 0.5 Cr	ACUITE A4
	Cash Credit		Long-term	INR 3 Cr	ACUITE B+
	Term Loan		Long-term	INR 3 Cr	ACUITE B+
	Proposed Long Term Bank Facility		Long-term	INR 1.5 Cr	ACUITE B+
1st Mar 24	RAINBOW RICE PRIVATE LIMITED				Instrument & Lender Details RAINBOW RICE PRIVATE LIMITED To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 6 + 3 = I am not a robot
	Cash Credit		Long-term	INR 40 Cr	ACUITE B+
	Term Loan		Long-term	INR 0.23 Cr	ACUITE B+
	Term Loan		Long-term	INR 0.99 Cr	ACUITE B+
	Proposed Long Term Bank Facility		Long-term	INR 6.78 Cr	ACUITE B+
1st Mar 24	RAJKRIPAL LUMBERS LIMITED				Instrument & Lender Details RAJKRIPAL LUMBERS LIMITED To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 7 + 6 = I am not a robot
	Letter of Credit		Short-term	INR 60 Cr	ACUITE A4
	Proposed Short Term Bank Facility		Short-term	INR 0.4 Cr	ACUITE A4
	Cash Credit		Long-term	INR 10 Cr	ACUITE B+
1st Mar 24	RANI SATI TRADE AND FINANCE PRIVATE LIMITED				Instrument & Lender Details RANI SATI TRADE AND FINANCE PRIVATE LIMITED To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 5 + 8 = I am not a robot
	Cash Credit		Long-term	INR 4.75 Cr	ACUITE B+
	Term Loan		Long-term	INR 1.19 Cr	ACUITE B+
	Proposed Cash Credit		Long-term	INR 1.56 Cr	ACUITE B+
1st Mar 24	RAWALWASIA YARN DYEING PRIVATE LIMITED				Instrument & Lender Details RAWALWASIA YARN DYEING PRIVATE LIMITED To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 3 + 4 = I am not a robot
	Cash Credit		Long-term	INR 18.5 Cr	ACUITE BB-
	Term Loan		Long-term	INR 3.95 Cr	ACUITE BB-
	Proposed Long Term Loan		Long-term	INR 0.55 Cr	ACUITE BB-