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Date	Entity Name			Rating Action
20th Jun 23	K PACK SYSTEMS PRIVATE LIMITED			Instrument & Lender Details K PACK 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 + 9 = I am not a robot
	Bank Guarantee/Letter of Guarantee	Short-term	INR 4 Cr	ACUITE A4+
	Bank Guarantee (BLR)	Short-term	INR 2 Cr	ACUITE A4+
	Letter of Credit	Short-term	INR 0.5 Cr	ACUITE A4+
	Letter of Credit	Short-term	INR 0.5 Cr	ACUITE A4+
	Cash Credit	Long-term	INR 1.5 Cr	ACUITE BB-
	Proposed Long Term Bank Facility	Long-term	INR 2.13 Cr	ACUITE BB-
20th Jun 23	SARAF CORPORATION INDIA PRIVATE LIMITED			Instrument & Lender Details SARAF CORPORATION 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 5 + 9 = I am not a robot
	Letter of Credit	Short-term	INR 1.75 Cr	ACUITE A4+
	Bank Guarantee/Letter of Guarantee	Short-term	INR 1.65 Cr	ACUITE A4+
	Cash Credit	Long-term	INR 5.5 Cr	ACUITE BB Stable
20th Jun 23	R B CONSTRUCTION COMPANY			Instrument & Lender Details R B CONSTRUCTION COMPANY 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
	Bank Guarantee/Letter of Guarantee	Short-term	INR 33 Cr	ACUITE A4+
	Secured Overdraft	Long-term	INR 9 Cr	ACUITE BB
	Proposed Long Term Bank Facility	Long-term	INR 6 Cr	ACUITE BB
20th Jun 23	KINJAL CIVILCON LLP			Instrument & Lender Details KINJAL CIVILCON LLP To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 3 + 5 = I am not a robot
	Bank Guarantee/Letter of Guarantee	Short-term	INR 17.77 Cr	ACUITE A4
	Bank Guarantee/Letter of Guarantee	Short-term	INR 30.28 Cr	ACUITE D
	Cash Credit	Long-term	INR 25 Cr	ACUITE C
	Working Capital Term Loan	Long-term	INR 3.74 Cr	ACUITE C
	Term Loan	Long-term	INR 9.42 Cr	ACUITE D
	Secured Overdraft	Long-term	INR 2.01 Cr	ACUITE D
	Term Loan	Long-term	INR 0.23 Cr	ACUITE C
	Term Loan	Long-term	INR 0.25 Cr	ACUITE C
	Term Loan	Long-term	INR 2.36 Cr	ACUITE C
	Term Loan	Long-term	INR 0.42 Cr	ACUITE C
	Term Loan	Long-term	INR 0.06 Cr	ACUITE C
	Term Loan	Long-term	INR 0.36 Cr	ACUITE C
	Term Loan	Long-term	INR 0.66 Cr	ACUITE C
20th Jun 23	A K CONSTRUCTION COMPANY			Instrument & Lender Details A K CONSTRUCTION COMPANY To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 1 + 9 = I am not a robot
	Bank Guarantee (BLR)	Short-term	INR 3 Cr	ACUITE A3+
	Bank Guarantee (BLR)	Short-term	INR 34.5 Cr	ACUITE A3+
	Bank Guarantee (BLR)	Short-term	INR 2.5 Cr	ACUITE A3+
	Bank Guarantee (BLR)	Short-term	INR 35 Cr	ACUITE A3+
	Cash Credit	Long-term	INR 8 Cr	ACUITE BBB Stable
	Cash Credit	Long-term	INR 12 Cr	ACUITE BBB Stable
20th Jun 23	A K INFRAPROJECTS PRIVATE LIMITED			Instrument & Lender Details A K INFRAPROJECTS 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 + 8 = I am not a robot
	Bank Guarantee (BLR)	Short-term	INR 32.5 Cr	ACUITE A3+
	Proposed Bank Guarantee	Short-term	INR 15.5 Cr	ACUITE A3+
	Bank Guarantee (BLR)	Short-term	INR 2.5 Cr	ACUITE A3+
	Bank Guarantee (BLR)	Short-term	INR 38 Cr	ACUITE A3+
	Cash Credit	Long-term	INR 12 Cr	ACUITE BBB Stable
	Cash Credit	Long-term	INR 12 Cr	ACUITE BBB Stable
19th Jun 23	KALP IMPEX			Instrument & Lender Details KALP IMPEX To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 6 + 2 = I am not a robot
	PC/PCFC	Long-term	INR 5.5 Cr	ACUITE B+
19th Jun 23	KISAN AGRO PRODUCT INDUSTRIES			Instrument & Lender Details KISAN AGRO PRODUCT INDUSTRIES To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 6 + 7 = I am not a robot
	Cash Credit	Long-term	INR 5 Cr	ACUITE B+
	Cash Credit	Long-term	INR 2 Cr	ACUITE B+
	Cash Credit	Long-term	INR 10 Cr	ACUITE B+
19th Jun 23	KISAN OLEOCHEM AND DERIVATIVES PRIVATE LIMITED			Instrument & Lender Details KISAN OLEOCHEM AND DERIVATIVES 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
	Cash Credit	Long-term	INR 9.5 Cr	ACUITE B+
	Cash Credit	Long-term	INR 25 Cr	ACUITE B+
	Proposed Long Term Bank Facility	Long-term	INR 0.5 Cr	ACUITE B+
19th Jun 23	LYOPHILIZATION SYSTEMS INDIA PRIVATE LIMITED			Instrument & Lender Details LYOPHILIZATION SYSTEMS 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 4 + 1 = I am not a robot
	Bank Guarantee/Letter of Guarantee	Short-term	INR 4.5 Cr	ACUITE A4+
	Cash Credit	Long-term	INR 3.5 Cr	ACUITE BB+
	Proposed Long Term Bank Facility	Long-term	INR 1 Cr	ACUITE BB+
19th Jun 23	VAIBHAVRAJ ENTERPRISES			Instrument & Lender Details VAIBHAVRAJ ENTERPRISES To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 8 + 6 = I am not a robot
	Cash Credit	Long-term	INR 7.4 Cr	ACUITE D
19th Jun 23	VINAYAK CARS PRIVATE LIMITED			Instrument & Lender Details VINAYAK CARS 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
	Bank Guarantee (BLR)	Short-term	INR 0.6 Cr	ACUITE D
	Term Loan	Long-term	INR 1.15 Cr	ACUITE D
	Cash Credit	Long-term	INR 5 Cr	ACUITE D
19th Jun 23	THE SHIPPING CORPORATION OF INDIA LIMITED			Instrument & Lender Details THE SHIPPING CORPORATION OF 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 4 + 4 = I am not a robot
	Short-term Loan	Short-term	INR 951 Cr	ACUITE A1+
	Bank Guarantee/Letter of Guarantee	Short-term	INR 1860.61 Cr	ACUITE A1+
	Foreign Currency Term Loan	Long-term	INR 89.56 Cr	ACUITE AA Stable
	Foreign Currency Term Loan	Long-term	INR 212.43 Cr	ACUITE AA Stable
	External Commercial Borrowing	Long-term	INR 226.05 Cr	ACUITE AA Stable
	External Commercial Borrowing	Long-term	INR 247.12 Cr	ACUITE AA Stable
	Foreign Currency Term Loan	Long-term	INR 308.31 Cr	ACUITE AA Stable
	Foreign Currency Term Loan	Long-term	INR 440.45 Cr	ACUITE AA Stable
	Foreign Currency Term Loan	Long-term	INR 809.01 Cr	ACUITE AA Stable
	Proposed Term Loan	Long-term	INR 2355.46 Cr	ACUITE AA Stable
19th Jun 23	STONEHILL EDUCATION FOUNDATION			Instrument & Lender Details STONEHILL EDUCATION FOUNDATION To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 8 + 5 = I am not a robot
	Term Loan	Long-term	INR 40 Cr	ACUITE Not Applicable
19th Jun 23	EURO PRATIK ISPAT INDIA PRIVATE LIMITED			Instrument & Lender Details EURO PRATIK ISPAT 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 3 + 7 = I am not a robot
	Letter of Credit	Short-term	INR 40 Cr	ACUITE A2
	Cash Credit	Long-term	INR 30 Cr	ACUITE BBB+ Stable
	Cash Credit	Long-term	INR 8 Cr	ACUITE BBB+ Stable
	Term Loan	Long-term	INR 40 Cr	ACUITE BBB+ Stable
	Proposed Long Term Bank Facility	Long-term	INR 2 Cr	ACUITE BBB+ Stable
19th Jun 23	LIFE CARE LOGISTIC PRIVATE LIMITED			Instrument & Lender Details LIFE CARE LOGISTIC 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 + 1 = I am not a robot
	Secured Overdraft	Long-term	INR 25 Cr	ACUITE BB+
	Term Loan	Long-term	INR 1.79 Cr	ACUITE BB+
	Secured Overdraft	Long-term	INR 5 Cr	ACUITE BB+
	Proposed Long Term Bank Facility	Long-term	INR 18.9 Cr	ACUITE BB+
	Bank Guarantee (BLR)	Long-term	INR 2 Cr	ACUITE BB+
	Secured Overdraft	Long-term	INR 5 Cr	ACUITE BB+
	Term Loan	Long-term	INR 16.31 Cr	ACUITE BB+
19th Jun 23	SHILPA ALLOYS PRIVATE LIMITED			Instrument & Lender Details SHILPA ALLOYS 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 + 4 = I am not a robot
	Proposed Short Term Bank Facility	Short-term	INR 0.34 Cr	ACUITE A4+
	Cash Credit	Long-term	INR 13 Cr	ACUITE BB+
	Term Loan	Long-term	INR 0.24 Cr	ACUITE BB+
	Term Loan	Long-term	INR 0.38 Cr	ACUITE BB+
	Term Loan	Long-term	INR 1.36 Cr	ACUITE BB+
	Term Loan	Long-term	INR 5 Cr	ACUITE BB+
	Term Loan	Long-term	INR 1.88 Cr	ACUITE BB+
	Term Loan	Long-term	INR 1.13 Cr	ACUITE BB+
19th Jun 23	MARIS SPINNERS LIMITED			Instrument & Lender Details MARIS SPINNERS 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
	Cash Credit	Long-term	INR 19 Cr	ACUITE BB+ Stable
	Bills Discounting	Long-term	INR 4.5 Cr	ACUITE BB+ Stable
	Term Loan	Long-term	INR 19.52 Cr	ACUITE BB+ Stable
	Term Loan	Long-term	INR 0.83 Cr	ACUITE BB+ Stable
	Working Capital Term Loan	Long-term	INR 1.7 Cr	ACUITE BB+ Stable
	Cash Credit	Long-term	INR 20.5 Cr	ACUITE BB+ Stable
	Working Capital Demand Loan (WCDL)	Long-term	INR 4.5 Cr	ACUITE BB+ Stable
	Term Loan	Long-term	INR 6.67 Cr	ACUITE BB+ Stable
	Working Capital Term Loan	Long-term	INR 1.49 Cr	ACUITE BB+ Stable
	Working Capital Term Loan	Long-term	INR 0.99 Cr	ACUITE BB+ Stable
	Working Capital Term Loan	Long-term	INR 2.8 Cr	ACUITE BB+ Stable
	Letter of Credit	Short-term	INR 25 Cr	ACUITE A4+
	Bank Guarantee/Letter of Guarantee	Short-term	INR 0.5 Cr	ACUITE A4+
19th Jun 23	GLOBAL SURFACES LIMITED (ERSTWHILE GLOBAL STONES PRIVATE LIMITED)			Instrument & Lender Details GLOBAL SURFACES LIMITED (ERSTWHILE GLOBAL STONES 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 + 5 = I am not a robot
	PC/PCFC	Short-term	INR 16 Cr	ACUITE A2+
	PC/PCFC	Short-term	INR 23.8 Cr	ACUITE A2+
	Letter of Credit	Short-term	INR 8 Cr	ACUITE A2+
	Bank Guarantee (BLR)	Short-term	INR 0.2 Cr	ACUITE A2+
	PC/PCFC	Short-term	INR 14 Cr	ACUITE A2+
	Working Capital Term Loan	Long-term	INR 5.8 Cr	ACUITE A- Negative
	Term Loan	Long-term	INR 3.3 Cr	ACUITE A- Negative
	Cash Credit	Long-term	INR 1 Cr	ACUITE A- Negative
	Cash Credit	Long-term	INR 1 Cr	ACUITE A- Negative
19th Jun 23	EROS MOTORS PRIVATE LIMITED			Instrument & Lender Details EROS MOTORS 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 + 1 = I am not a robot
	Bank Guarantee/Letter of Guarantee	Short-term	INR 2 Cr	ACUITE A3
	Cash Credit	Long-term	INR 4 Cr	ACUITE BBB- Stable
	Inventory Funding	Long-term	INR 19 Cr	ACUITE BBB- Stable
	Inventory Funding	Long-term	INR 6 Cr	ACUITE BBB- Stable
	Inventory Funding	Long-term	INR 1 Cr	ACUITE BBB- Stable
	Term Loan	Long-term	INR 1.4 Cr	ACUITE BBB- Stable
	Term Loan	Long-term	INR 2.73 Cr	ACUITE BBB- Stable
	Term Loan	Long-term	INR 1.13 Cr	ACUITE BBB- Stable
	Proposed Long Term Bank Facility	Long-term	INR 2.94 Cr	ACUITE BBB- Stable