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Date	Entity Name			Rating Action
21st Nov 23	SERVALL ENGINEERING WORKS PRIVATE LIMITED			Instrument & Lender Details SERVALL ENGINEERING WORKS 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
	Letter of Credit	Short-term	INR 1.5 Cr	ACUITE D
	Bank Guarantee/Letter of Guarantee	Short-term	INR 8.7 Cr	ACUITE D
	Letter of Credit	Short-term	INR 2 Cr	ACUITE D
	Bank Guarantee/Letter of Guarantee	Short-term	INR 2.54 Cr	ACUITE D
	Cash Credit	Long-term	INR 6.6 Cr	ACUITE D
	Term Loan	Long-term	INR 3.04 Cr	ACUITE D
	Cash Credit	Long-term	INR 4.4 Cr	ACUITE D
21st Nov 23	Sindhiya Plastic Industries			Instrument & Lender Details Sindhiya Plastic Industries 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
	Bank Guarantee/Letter of Guarantee	Short-term	INR 1 Cr	ACUITE A4
	Cash Credit	Long-term	INR 4.25 Cr	ACUITE B
	Term Loan	Long-term	INR 0.42 Cr	ACUITE B
	Term Loan	Long-term	INR 0.01 Cr	ACUITE B
	Term Loan	Long-term	INR 0.1 Cr	ACUITE B
	Term Loan	Long-term	INR 0.12 Cr	ACUITE B
21st Nov 23	VANCHINAD FINANCE PRIVATE LIMITED			Instrument & Lender Details VANCHINAD 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 9 + 5 = I am not a robot
	Cash Credit	Long-term	INR 19.5 Cr	ACUITE B+
	Term Loan	Long-term	INR 10 Cr	ACUITE B+
	Proposed Long Term Bank Facility	Long-term	INR 5.5 Cr	ACUITE B+
21st Nov 23	ZENITH DIE MAKERS PRIVATE LIMITED			Instrument & Lender Details ZENITH DIE MAKERS 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 + 1 = I am not a robot
	Cash Credit	Long-term	INR 2 Cr	ACUITE B+
	Proposed Cash Credit	Long-term	INR 8 Cr	ACUITE B+
	Proposed Long Term Loan	Long-term	INR 25 Cr	ACUITE B+
21st Nov 23	J K NON WOVEN BAGS PRIVATE LIMITED			Instrument & Lender Details J K NON WOVEN BAGS 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
	Term Loan	Long-term	INR 3.72 Cr	ACUITE D
	Cash Credit	Long-term	INR 3.5 Cr	ACUITE D
21st Nov 23	MUKESH FABTEX			Instrument & Lender Details MUKESH FABTEX 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 3.75 Cr	ACUITE B
	Term Loan	Long-term	INR 1.65 Cr	ACUITE B
21st Nov 23	STATUS SPINNING MILLS PRIVATE LIMITED			Instrument & Lender Details STATUS SPINNING MILLS 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 + 5 = I am not a robot
	Cash Credit	Long-term	INR 4.5 Cr	ACUITE B+
	Term Loan	Long-term	INR 1.17 Cr	ACUITE B+
	Term Loan	Long-term	INR 0.31 Cr	ACUITE B+
21st Nov 23	SCHENCK PROCESS SOLUTIONS INDIA PRIVATE LIMITED (Previously STOCK REDLER INDIA PRIVATE LIMITED)			Instrument & Lender Details SCHENCK PROCESS SOLUTIONS INDIA PRIVATE LIMITED (Previously STOCK REDLER 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 + 6 = I am not a robot
	Bank Guarantee (BLR)	Short-term	INR 8.5 Cr	ACUITE A4+
	Bank Guarantee (BLR)	Short-term	INR 15 Cr	ACUITE A4+
	Letter of Credit	Short-term	INR 2 Cr	ACUITE A4+
	Cash Credit	Long-term	INR 2 Cr	ACUITE BB
	Cash Credit	Long-term	INR 9 Cr	ACUITE BB
21st Nov 23	TIPSONS CONSULTANCY SERVICES PRIVATE LIMITED			Instrument & Lender Details TIPSONS CONSULTANCY SERVICES 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 + 8 = I am not a robot
	Working Capital Demand Loan (WCDL)	Long-term	INR 120 Cr	ACUITE AA (CE) Stable
	Working Capital Demand Loan (WCDL)	Long-term	INR 50 Cr	ACUITE AA (CE) Stable
21st Nov 23	TIPSONS FINANCIAL SERVICES PRIVATE LIMITED			Instrument & Lender Details TIPSONS FINANCIAL SERVICES 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 + 3 = I am not a robot
	Working Capital Demand Loan (WCDL)	Long-term	INR 280 Cr	ACUITE AA (CE) Stable
	Secured Overdraft	Long-term	INR 30 Cr	ACUITE AA (CE) Stable
21st Nov 23	AAREY DRUGS AND PHARMACEUTICALS LIMITED			Instrument & Lender Details AAREY DRUGS AND PHARMACEUTICALS 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 + 8 = I am not a robot
	Letter of Credit	Short-term	INR 10 Cr	ACUITE A3+
	Proposed Short Term Bank Facility	Short-term	INR 10.05 Cr	ACUITE A3+
	Cash Credit	Long-term	INR 15 Cr	ACUITE BBB Negative
	Cash Credit	Long-term	INR 19.5 Cr	ACUITE BBB Negative
	Proposed Long Term Bank Facility	Long-term	INR 25 Cr	ACUITE BBB Negative
20th Nov 23	ANJANI STEELS LIMITED			Instrument & Lender Details ANJANI STEELS 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 + 9 = I am not a robot
	Bank Guarantee (BLR)	Short-term	INR 21.5 Cr	ACUITE A3+
	Cash Credit	Long-term	INR 110 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 6.91 Cr	ACUITE BBB Stable
	Proposed Long Term Bank Facility	Long-term	INR 16.24 Cr	ACUITE BBB Stable
	Working Capital Term Loan	Long-term	INR 28.35 Cr	ACUITE BBB Stable
20th Nov 23	GOA CARBON LIMITED			Instrument & Lender Details GOA CARBON 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 + 6 = I am not a robot
	Letter of Credit	Short-term	INR 204 Cr	ACUITE A2
	Letter of Credit	Short-term	INR 6 Cr	ACUITE A2
20th Nov 23	HAMON COOLING SYSTEMS PRIVATE LIMITED			Erratum \| Instrument & Lender Details HAMON COOLING 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 4 + 4 = I am not a robot
	Bank Guarantee (BLR)	Short-term	INR 27 Cr	ACUITE A3
	Proposed Bank Guarantee	Short-term	INR 48 Cr	ACUITE A3
20th Nov 23	GOA CARBON LIMITED			Instrument & Lender Details GOA CARBON 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 + 7 = I am not a robot
	Proposed Short Term Bank Facility	Short-term	INR 140 Cr	ACUITE Not Applicable
	Working Capital Term Loan	Long-term	INR 4 Cr	ACUITE BBB+
	Working Capital Term Loan	Long-term	INR 5 Cr	ACUITE BBB+
	Cash Credit	Long-term	INR 60 Cr	ACUITE BBB+
20th Nov 23	HAMON COOLING SYSTEMS PRIVATE LIMITED			Erratum \| Instrument & Lender Details HAMON COOLING 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 4 + 1 = I am not a robot
	Cash Credit	Long-term	INR 10 Cr	ACUITE BBB- Stable
20th Nov 23	TOP GEAR TRANSMISSION			Instrument & Lender Details TOP GEAR TRANSMISSION 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
	Bank Guarantee (BLR)	Short-term	INR 0.5 Cr	ACUITE A4+
	Letter of Credit	Short-term	INR 1.75 Cr	ACUITE A4+
	Working Capital Term Loan	Long-term	INR 1.96 Cr	ACUITE BB Stable
	Term Loan	Long-term	INR 1.39 Cr	ACUITE BB Stable
	Cash Credit	Long-term	INR 9 Cr	ACUITE BB Stable
	Working Capital Term Loan	Long-term	INR 0.9 Cr	ACUITE BB Stable
20th Nov 23	TOP GEAR TRANSMISSION PRIVATE LIMITED			Instrument & Lender Details TOP GEAR TRANSMISSION 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
	Letter of Credit	Short-term	INR 1.5 Cr	ACUITE A4+
	Bank Guarantee (BLR)	Short-term	INR 0.75 Cr	ACUITE A4+
	Cash Credit	Long-term	INR 2.2 Cr	ACUITE BB Stable
	Term Loan	Long-term	INR 2.13 Cr	ACUITE BB Stable
	Working Capital Term Loan	Long-term	INR 0.82 Cr	ACUITE BB Stable
20th Nov 23	JUDE’S INFRA TECHNOLOGIES PRIVATE LIMITED			Instrument & Lender Details JUDE’S INFRA 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 7 + 1 = I am not a robot
	Cash Credit	Long-term	INR 6.5 Cr	ACUITE B-
20th Nov 23	RELIABLE AUTOMOTIVE PRIVATE LIMITED			Instrument & Lender Details RELIABLE AUTOMOTIVE 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 + 9 = I am not a robot
	Channel/Dealer/Vendor Financing	Long-term	INR 20 Cr	ACUITE BBB- Stable
	Cash Credit	Long-term	INR 4.05 Cr	ACUITE BBB- Stable
	Channel/Dealer/Vendor Financing	Long-term	INR 0.95 Cr	ACUITE BBB- Stable
	Channel/Dealer/Vendor Financing	Long-term	INR 15 Cr	ACUITE BBB- Stable
	Channel/Dealer/Vendor Financing	Long-term	INR 10 Cr	ACUITE BBB- Stable
	Channel/Dealer/Vendor Financing	Long-term	INR 10 Cr	ACUITE BBB- Stable
	Channel/Dealer/Vendor Financing	Long-term	INR 19.5 Cr	ACUITE BBB- Stable
	Channel/Dealer/Vendor Financing	Long-term	INR 20.5 Cr	ACUITE BBB- Stable
20th Nov 23	SHALIMAR PAINTS LIMITED			Instrument & Lender Details SHALIMAR PAINTS 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 + 7 = I am not a robot
	Letter of Credit	Short-term	INR 37.5 Cr	ACUITE A4+
	Proposed Short Term Bank Facility	Short-term	INR 0.78 Cr	ACUITE A4+
	Letter of Credit	Short-term	INR 6 Cr	ACUITE A4+
	Letter of Credit	Short-term	INR 15 Cr	ACUITE A4+
	Letter of Credit	Short-term	INR 7.75 Cr	ACUITE A4+
	Bank Guarantee (BLR)	Short-term	INR 0.75 Cr	ACUITE A4+
	Bank Guarantee/Letter of Guarantee	Short-term	INR 10 Cr	ACUITE A4+
	Cash Credit	Long-term	INR 60 Cr	ACUITE BB+ Stable
	Cash Credit	Long-term	INR 17 Cr	ACUITE BB+ Stable
	Cash Credit	Long-term	INR 12 Cr	ACUITE BB+ Stable
	Cash Credit	Long-term	INR 8.5 Cr	ACUITE BB+ Stable
	Working Capital Demand Loan (WCDL)	Long-term	INR 7.57 Cr	ACUITE BB+ Stable
	Working Capital Demand Loan (WCDL)	Long-term	INR 2.03 Cr	ACUITE BB+ Stable
	Working Capital Demand Loan (WCDL)	Long-term	INR 1.23 Cr	ACUITE BB+ Stable
	Working Capital Demand Loan (WCDL)	Long-term	INR 2.89 Cr	ACUITE BB+ Stable
	Term Loan	Long-term	INR 13 Cr	ACUITE BB+ Stable
	Cash Credit	Long-term	INR 5 Cr	ACUITE BB+ Stable
20th Nov 23	SENDOZ IMPEX LIMITED			Instrument & Lender Details SENDOZ IMPEX 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 + 2 = I am not a robot
	Bank Guarantee/Letter of Guarantee	Short-term	INR 6 Cr	ACUITE A2+
	Bank Guarantee (BLR)	Short-term	INR 4 Cr	ACUITE A2+
	Cash Credit	Long-term	INR 19 Cr	ACUITE BBB+ Stable
	Cash Credit	Long-term	INR 16 Cr	ACUITE BBB+ Stable
	Cash Credit	Long-term	INR 4 Cr	ACUITE BBB+ Stable
	Covid Emergency Line.	Long-term	INR 1.5 Cr	ACUITE BBB+ Stable
	Covid Emergency Line.	Long-term	INR 1.9 Cr	ACUITE BBB+ Stable
	Covid Emergency Line.	Long-term	INR 1.14 Cr	ACUITE BBB+ Stable
	Cash Credit	Long-term	INR 10 Cr	ACUITE BBB+ Stable
	Covid Emergency Line.	Long-term	INR 1.63 Cr	ACUITE BBB+ Stable
	Term Loan	Long-term	INR 0.93 Cr	ACUITE BBB+ Stable
	Proposed Long Term Bank Facility	Long-term	INR 0.16 Cr	ACUITE BBB+ Stable