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Date	Entity Name			Rating Action
23rd Feb 24	ASIAN BEVERAGE PRIVATE LIMITED			Instrument & Lender Details ASIAN BEVERAGE 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 2 + 5 = I am not a robot
	Letter of Credit	Short-term	INR 10 Cr	ACUITE D
	Cash Credit	Long-term	INR 5 Cr	ACUITE D
	Term Loan	Long-term	INR 20 Cr	ACUITE D
	Proposed Long Term Loan	Long-term	INR 0.1 Cr	ACUITE D
23rd Feb 24	KANCO TEA AND INDUSTRIES LIMITED			Instrument & Lender Details KANCO TEA AND 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 2 + 7 = I am not a robot
	Letter of Credit	Short-term	INR 1.8 Cr	ACUITE A4+
	Bank Guarantee (BLR)	Short-term	INR 0.3 Cr	ACUITE A4+
	Cash Credit	Long-term	INR 21.5 Cr	ACUITE BB+ Stable
	Working Capital Demand Loan (WCDL)	Long-term	INR 3.5 Cr	ACUITE BB+ Stable
	Term Loan	Long-term	INR 11.82 Cr	ACUITE BB+ Stable
23rd Feb 24	BELSTAR MICROFINANCE LIMITED			Instrument & Lender Details BELSTAR MICROFINANCE 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
	Principal protected market linked debentures	Long-term	INR 125 Cr	ACUITE PP-MLD AA Stable
23rd Feb 24	BALAJI ENTERPRISES (ULHASNAGAR)			Instrument & Lender Details BALAJI ENTERPRISES (ULHASNAGAR) To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 5 + 9 = I am not a robot
	Cash Credit	Long-term	INR 25 Cr	ACUITE BB+ Stable
23rd Feb 24	PINKKU TRADERS			Instrument & Lender Details PINKKU TRADERS To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 4 + 7 = I am not a robot
	Cash Credit	Long-term	INR 40 Cr	ACUITE BB+ Stable
23rd Feb 24	VTC TRANSPORT PRIVATE LIMITED			Instrument & Lender Details VTC TRANSPORT 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 2 + 7 = I am not a robot
	Bank Guarantee/Letter of Guarantee	Short-term	INR 0.95 Cr	ACUITE A4
	Cash Credit	Long-term	INR 4 Cr	ACUITE B+
	Proposed Long Term Bank Facility	Long-term	INR 0.05 Cr	ACUITE B+
22nd Feb 24	AGILE SECURITY FORCE PRIVATE LIMITED			Instrument & Lender Details AGILE SECURITY FORCE 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 4 + 4 = I am not a robot
	Bank Guarantee (BLR)	Short-term	INR 15 Cr	ACUITE A3+
	Bank Guarantee (BLR)	Short-term	INR 10 Cr	ACUITE A3+
	Cash Credit	Long-term	INR 10 Cr	ACUITE BBB Stable
	Cash Credit	Long-term	INR 5 Cr	ACUITE BBB Stable
22nd Feb 24	G A RANDERIAN PRIVATE LIMITED			Instrument & Lender Details G A RANDERIAN 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 + 1 = I am not a robot
	PC/PCFC	Short-term	INR 10 Cr	ACUITE A4 Stable
	Post Shipment Credit	Short-term	INR 10 Cr	ACUITE A4 Stable
	Proposed Short Term Bank Facility	Short-term	INR 5 Cr	ACUITE A4 Stable
22nd Feb 24	KAY KAY TRADING COMPANY			Instrument & Lender Details KAY KAY TRADING COMPANY 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
	Cash Credit	Long-term	INR 20 Cr	ACUITE BBB+ Stable
	Cash Credit	Long-term	INR 10 Cr	ACUITE BBB+ Stable
	Cash Credit	Long-term	INR 20 Cr	ACUITE BBB+ Stable
	Cash Credit	Long-term	INR 10 Cr	ACUITE BBB+ Stable
	Cash Credit	Long-term	INR 10 Cr	ACUITE BBB+ Stable
22nd Feb 24	OCEANIC TRADE MINERALS PRIVATE LIMITED			Instrument & Lender Details OCEANIC TRADE MINERALS 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 + 3 = I am not a robot
	Cash Credit	Long-term	INR 20 Cr	ACUITE BBB+ Stable
	Cash Credit	Long-term	INR 10 Cr	ACUITE BBB+ Stable
22nd Feb 24	AKME FINTRADE INDIA LIMITED			Erratum \| Instrument & Lender Details AKME FINTRADE 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 2 + 3 = I am not a robot
	Proposed Long Term Loan	Long-term	INR 1.11 Cr	ACUITE BBB Stable
22nd Feb 24	OCEANIC TRADE MINERALS PRIVATE LIMITED			Instrument & Lender Details OCEANIC TRADE MINERALS 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 + 6 = I am not a robot
	Cash Credit	Long-term	INR 10 Cr	ACUITE BBB+ Stable
22nd Feb 24	AKME FINTRADE INDIA LIMITED			Erratum \| Instrument & Lender Details AKME FINTRADE 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 5 + 2 = I am not a robot
	Term Loan	Long-term	INR 1.15 Cr	ACUITE BBB Stable
	Cash Credit	Long-term	INR 5 Cr	ACUITE BBB Stable
	Cash Credit	Long-term	INR 5 Cr	ACUITE BBB Stable
	Cash Credit	Long-term	INR 50 Cr	ACUITE BBB Stable
	Proposed Long Term Loan	Long-term	INR 0.79 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 2.59 Cr	ACUITE BBB Stable
	Proposed Term Loan	Long-term	INR 0.44 Cr	ACUITE BBB Stable
	Non-Covertible Debentures (NCD)	Long-term	INR 10 Cr	ACUITE Not Applicable
	Proposed Non Convertible Debentures	Long-term	INR 10 Cr	ACUITE Not Applicable
	Term Loan	Long-term	INR 3 Cr	ACUITE BBB Stable
	Proposed Long Term Bank Facility	Long-term	INR 70.91 Cr	ACUITE BBB Stable
	Proposed Term Loan	Long-term	INR 9.01 Cr	ACUITE BBB Stable
	Secured Overdraft	Long-term	INR 1 Cr	ACUITE BBB Stable
	Proposed Term Loan	Long-term	INR 20 Cr	ACUITE BBB Stable
22nd Feb 24	INDIABULLS HOUSING FINANCE LIMITED - RETAIL INNOVATION TRUST			Instrument & Lender Details INDIABULLS HOUSING FINANCE LIMITED - RETAIL INNOVATION TRUST To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 6 + 9 = I am not a robot
	Pass Through Certificate	Long-term	INR 171.81 Cr	ACUITE Provisional BBB+ (SO )
22nd Feb 24	KLM AXIVA FINVEST LIMITED			Instrument & Lender Details KLM AXIVA FINVEST 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 + 5 = I am not a robot
	Term Loan	Long-term	INR 38.93 Cr	ACUITE BBB Stable
	Proposed Long Term Bank Facility	Long-term	INR 11.07 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 25 Cr	ACUITE BBB Stable
	Cash Credit	Long-term	INR 25 Cr	ACUITE BBB Stable
22nd Feb 24	ANDREW YULE AND CO LIMITED			Instrument & Lender Details ANDREW YULE AND CO LIMITED To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 2 + 2 = I am not a robot
	Bank Guarantee/Letter of Guarantee	Short-term	INR 13 Cr	ACUITE A4+
	Letter of Credit	Short-term	INR 9 Cr	ACUITE A4+
	Bank Guarantee/Letter of Guarantee	Short-term	INR 7 Cr	ACUITE A4+
	Letter of Credit	Short-term	INR 2.5 Cr	ACUITE A4+
	FBN/FBP/FBD/PSFC/FBE	Short-term	INR 1.1 Cr	ACUITE A4+
	Cash Credit	Long-term	INR 14.51 Cr	ACUITE BB
	Cash Credit	Long-term	INR 7.5 Cr	ACUITE BB
	Secured Overdraft	Long-term	INR 11.75 Cr	ACUITE BB
21st Feb 24	SUVITA REAL ESTATES PRIVATE LIMITED			Instrument & Lender Details SUVITA REAL ESTATES 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 + 7 = I am not a robot
	Non-Covertible Debentures (NCD)	Long-term	INR 95 Cr	ACUITE C
	Non-Covertible Debentures (NCD)	Long-term	INR 10 Cr	ACUITE C
21st Feb 24	ICON SOLAR-EN POWER TECHNOLOGIES PRIVATE LIMITED			Instrument & Lender Details ICON SOLAR-EN POWER TECHNOLOGIES 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 + 2 = I am not a robot
	Letter of Credit	Short-term	INR 5 Cr	ACUITE A3+
	Cash Credit	Long-term	INR 16 Cr	ACUITE BBB Stable
	Covid Emergency Line.	Long-term	INR 2.09 Cr	ACUITE BBB Stable
	Covid Emergency Line.	Long-term	INR 0.96 Cr	ACUITE BBB Stable
	Proposed Long Term Bank Facility	Long-term	INR 6.12 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 1.52 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 15 Cr	ACUITE BBB Stable
21st Feb 24	MIRAJ MULTI COLOUR PRIVATE LIMITED			Instrument & Lender Details MIRAJ MULTI COLOUR 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 4 + 3 = I am not a robot
	Cash Credit	Long-term	INR 30 Cr	ACUITE BBB- Stable
	Term Loan	Long-term	INR 6.64 Cr	ACUITE BBB- Stable
	Term Loan	Long-term	INR 7.59 Cr	ACUITE BBB- Stable
	Term Loan	Long-term	INR 22.65 Cr	ACUITE BBB- Stable
	Proposed Long Term Bank Facility	Long-term	INR 3.25 Cr	ACUITE BBB- Stable
	Covid Emergency Line.	Long-term	INR 0.37 Cr	ACUITE BBB- Stable
	Covid Emergency Line.	Long-term	INR 5.75 Cr	ACUITE BBB- Stable
21st Feb 24	PAAWAN ENERGY (I) PRIVATE LIMITED			Instrument & Lender Details PAAWAN ENERGY (I) 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 2 + 6 = I am not a robot
	Bank Guarantee (BLR)	Short-term	INR 0.31 Cr	ACUITE Not Applicable
	Cash Credit	Long-term	INR 0.44 Cr	ACUITE Not Applicable
	Proposed Long Term Bank Facility	Long-term	INR 7.25 Cr	ACUITE Not Applicable
21st Feb 24	PEP CEE PACK INDUSTRIES			Instrument & Lender Details PEP CEE PACK INDUSTRIES To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 5 + 9 = I am not a robot
	Letter of Credit	Short-term	INR 8 Cr	ACUITE A4+
	Bills Discounting	Short-term	INR 4 Cr	ACUITE A4+
	Cash Credit	Long-term	INR 17 Cr	ACUITE BB+ Stable
	Proposed Long Term Loan	Long-term	INR 4.34 Cr	ACUITE BB+ Stable
	Working Capital Term Loan	Long-term	INR 0.92 Cr	ACUITE BB+ Stable
	Term Loan	Long-term	INR 0.74 Cr	ACUITE BB+ Stable
21st Feb 24	MAHAVEER FINANCE INDIA LIMITED			Instrument & Lender Details MAHAVEER FINANCE 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 + 4 = I am not a robot
	Term Loan	Long-term	INR 13 Cr	ACUITE BB+