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Date	Entity Name				Rating Action
31st May 23	SUNGRACE ENERGY SOLUTIONS PRIVATE LIMITED				Instrument & Lender Details SUNGRACE ENERGY SOLUTIONS 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 + 9 = I am not a robot
	Bank Guarantee (BLR)		Short-term	INR 4.5 Cr	ACUITE A4
	Cash Credit		Long-term	INR 4.5 Cr	ACUITE B+
	Secured Overdraft		Long-term	INR 1 Cr	ACUITE B+
	Proposed Long Term Bank Facility		Long-term	INR 1 Cr	ACUITE B+
31st May 23	SHUBHADA POLYMERS PRODUCTS PRIVATE LIMITED				Instrument & Lender Details SHUBHADA POLYMERS PRODUCTS 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 + 8 = I am not a robot
	Proposed Long Term Bank Facility		Long-term	INR 4 Cr	ACUITE BBB Stable
31st May 23	TECHNOLOGY FRONTIERS (INDIA) PRIVATE LIMITED				Instrument & Lender Details TECHNOLOGY FRONTIERS (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 7 + 2 = I am not a robot
	Bank Guarantee (BLR)		Short-term	INR 3 Cr	ACUITE A4
	Proposed Letter of Credit		Short-term	INR 5.82 Cr	ACUITE A4
	Cash Credit		Long-term	INR 8 Cr	ACUITE B+
	Term Loan		Long-term	INR 2 Cr	ACUITE B+
	Term Loan		Long-term	INR 16.18 Cr	ACUITE B+
31st May 23	V P BEDEKAR AND SONS PRIVATE LIMITED				Instrument & Lender Details V P BEDEKAR AND SONS 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 + 1 = I am not a robot
	Term Loan		Long-term	INR 1.53 Cr	ACUITE B
	Cash Credit		Long-term	INR 2 Cr	ACUITE B
	Term Loan		Long-term	INR 0.26 Cr	ACUITE B
	Proposed Long Term Bank Facility		Long-term	INR 2.21 Cr	ACUITE B
31st May 23	VACC-SYN BIOTECH PRIVATE LIMITED				Instrument & Lender Details VACC-SYN BIOTECH 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
	Term Loan		Long-term	INR 19.83 Cr	ACUITE D
	Proposed Long Term Loan		Long-term	INR 0.67 Cr	ACUITE D
31st May 23	MAHESH SILK MILLS PRIVATE LIMITED				Instrument & Lender Details MAHESH SILK 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 + 9 = I am not a robot
	Term Loan		Long-term	INR 4.72 Cr	ACUITE B
	Cash Credit		Long-term	INR 5 Cr	ACUITE B
31st May 23	OPAQUE CERAMICS PRIVATE LIMITED				Instrument & Lender Details OPAQUE CERAMICS 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 14.5 Cr	ACUITE A4+
	Bank Guarantee (BLR)		Short-term	INR 0.5 Cr	ACUITE A4+
	Cash Credit		Long-term	INR 2 Cr	ACUITE BB
31st May 23	KAMARHATTY CO LIMITED				Instrument & Lender Details KAMARHATTY 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 4 + 2 = I am not a robot
	Letter of Credit		Short-term	INR 0.5 Cr	ACUITE A4+
	Bank Guarantee/Letter of Guarantee		Short-term	INR 4.6 Cr	ACUITE A4+
	Cash Credit		Long-term	INR 9.5 Cr	ACUITE BB+
	Term Loan		Long-term	INR 18.95 Cr	ACUITE BB+
	Term Loan		Long-term	INR 2 Cr	ACUITE BB+
	Cash Credit		Long-term	INR 5 Cr	ACUITE BB+
	Term Loan		Long-term	INR 8 Cr	ACUITE BB+
	Working Capital Term Loan		Long-term	INR 5.6 Cr	ACUITE BB+
	Dropline Overdraft		Long-term	INR 3.13 Cr	ACUITE BB+
	Dropline Overdraft		Long-term	INR 0.12 Cr	ACUITE BB+
	Working Capital Term Loan		Long-term	INR 1.6 Cr	ACUITE BB+
31st May 23	DOZCO INDIA PRIVATE LIMITED				Instrument & Lender Details DOZCO 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 6 + 9 = I am not a robot
	Letter of Credit		Short-term	INR 36 Cr	ACUITE A2
	Letter of Credit		Short-term	INR 27.5 Cr	ACUITE A2
	Bank Guarantee (BLR)		Short-term	INR 10 Cr	ACUITE A2
	Letter of Credit		Short-term	INR 8.5 Cr	ACUITE A2
	Letter of Credit		Short-term	INR 8 Cr	ACUITE A2
	Letter of Credit		Short-term	INR 16 Cr	ACUITE A2
	Cash Credit		Long-term	INR 12.5 Cr	ACUITE BBB+ Stable
	Cash Credit		Long-term	INR 26.5 Cr	ACUITE BBB+ Stable
	Covid Emergency Line.		Long-term	INR 10.85 Cr	ACUITE BBB+ Stable
	Cash Credit		Long-term	INR 10 Cr	ACUITE BBB+ Stable
	Cash Credit		Long-term	INR 14 Cr	ACUITE BBB+ Stable
	Term Loan		Long-term	INR 1.75 Cr	ACUITE BBB+ Stable
	Cash Credit		Long-term	INR 22 Cr	ACUITE BBB+ Stable
	Term Loan		Long-term	INR 8.65 Cr	ACUITE BBB+ Stable
	Covid Emergency Line.		Long-term	INR 3.41 Cr	ACUITE BBB+ Stable
	Covid Emergency Line.		Long-term	INR 4.34 Cr	ACUITE BBB+ Stable
	Cash Credit		Long-term	INR 10 Cr	ACUITE BBB+ Stable
31st May 23	KAMAKSHI JUTE INDUSTRIES LIMITED				Instrument & Lender Details KAMAKSHI JUTE 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 + 9 = I am not a robot
	Bank Guarantee (BLR)		Short-term	INR 1.21 Cr	ACUITE A4+
	Cash Credit		Long-term	INR 11.79 Cr	ACUITE BB+
	Term Loan		Long-term	INR 9.59 Cr	ACUITE BB+
	Proposed Ad-hoc Limits (Fund Based)		Long-term	INR 1.36 Cr	ACUITE BB+
31st May 23	KAILASH DARSHAN HOUSING DEVELOPMENT GUJARAT PRIVATE LIMITED				Instrument & Lender Details KAILASH DARSHAN HOUSING DEVELOPMENT GUJARAT 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
	Dropline Overdraft		Long-term	INR 3.4 Cr	ACUITE A- Stable
	Lease Rental Discounting		Long-term	INR 3.74 Cr	ACUITE A- Stable
	Lease Rental Discounting		Long-term	INR 0.53 Cr	ACUITE A- Stable
	Lease Rental Discounting		Long-term	INR 1.35 Cr	ACUITE A- Stable
	Lease Rental Discounting		Long-term	INR 10.24 Cr	ACUITE A- Stable
	Lease Rental Discounting		Long-term	INR 18.24 Cr	ACUITE A- Stable
	Term Loan		Long-term	INR 3.21 Cr	ACUITE A- Stable
	Term Loan		Long-term	INR 11.39 Cr	ACUITE A- Stable
	Proposed Long Term Bank Facility		Long-term	INR 4.87 Cr	ACUITE A- Stable
	Dropline Overdraft		Long-term	INR 5.6 Cr	ACUITE A- Stable
	Lease Rental Discounting		Long-term	INR 1.33 Cr	ACUITE A- Stable
	Lease Rental Discounting		Long-term	INR 0.32 Cr	ACUITE A- Stable
	Lease Rental Discounting		Long-term	INR 1.02 Cr	ACUITE A- Stable
	Lease Rental Discounting		Long-term	INR 15.15 Cr	ACUITE A- Stable
	Lease Rental Discounting		Long-term	INR 17.49 Cr	ACUITE A- Stable
	Term Loan		Long-term	INR 2.88 Cr	ACUITE A- Stable
	Term Loan		Long-term	INR 9.24 Cr	ACUITE A- Stable
	Term Loan		Long-term	INR 240 Cr	ACUITE A- Stable
31st May 23	NARBHERAM POWER AND STEEL PRIVATE LIMITED				Instrument & Lender Details NARBHERAM POWER AND STEEL 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 + 9 = I am not a robot
	Bank Guarantee (BLR)		Short-term	INR 32 Cr	ACUITE A2
	Cash Credit		Long-term	INR 65 Cr	ACUITE BBB+ Stable
	Term Loan		Long-term	INR 6.85 Cr	ACUITE BBB+ Stable
	Cash Credit		Long-term	INR 40 Cr	ACUITE BBB+ Stable
	Cash Credit		Long-term	INR 40 Cr	ACUITE BBB+ Stable
	Cash Credit		Long-term	INR 62 Cr	ACUITE BBB+ Stable
	Term Loan		Long-term	INR 17.5 Cr	ACUITE BBB+ Stable
	Proposed Long Term Bank Facility		Long-term	INR 0.25 Cr	ACUITE BBB+ Stable
30th May 23	ALEPA DAIRY FOODS PRIVATE OPC LIMITED				Instrument & Lender Details ALEPA DAIRY FOODS PRIVATE OPC 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 + 8 = I am not a robot
	Term Loan		Long-term	INR 10.25 Cr	ACUITE B
	Secured Overdraft		Long-term	INR 1.25 Cr	ACUITE B
30th May 23	APS HYDRO PRIVATE LIMITED				Instrument & Lender Details APS HYDRO 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 6 Cr	ACUITE A4
	Cash Credit		Long-term	INR 9 Cr	ACUITE B+
	Proposed Long Term Bank Facility		Long-term	INR 15 Cr	ACUITE B+
30th May 23	BHARATHI HOMES AND REALTORS PRIVATE LIMITED				Instrument & Lender Details BHARATHI HOMES AND REALTORS 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 + 5 = I am not a robot
	Proposed Long Term Loan		Long-term	INR 6.58 Cr	ACUITE BB
	Proposed Long Term Bank Facility		Long-term	INR 9.33 Cr	ACUITE BB
30th May 23	COMPUTER ENGINEERS				Instrument & Lender Details COMPUTER ENGINEERS To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 2 + 9 = I am not a robot
	Bank Guarantee (BLR)		Short-term	INR 8 Cr	ACUITE A4
	Cash Credit		Long-term	INR 6 Cr	ACUITE B+
	Proposed Long Term Bank Facility		Long-term	INR 11 Cr	ACUITE B+
30th May 23	LIONS CLUB OF ANKLESHWAR INDUSTRIAL AREA COMMUNITY TRUST				Instrument & Lender Details LIONS CLUB OF ANKLESHWAR INDUSTRIAL AREA COMMUNITY TRUST 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
	Term Loan		Long-term	INR 6.07 Cr	ACUITE B
	Proposed Term Loan		Long-term	INR 0.03 Cr	ACUITE B
30th May 23	ODYSSEY MOTORS PRIVATE LIMITED				Instrument & Lender Details ODYSSEY 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 8 + 7 = I am not a robot
	Cash Credit		Long-term	INR 3 Cr	ACUITE BB+
	Channel/Dealer/Vendor Financing		Long-term	INR 25 Cr	ACUITE BB+
	Channel/Dealer/Vendor Financing		Long-term	INR 15 Cr	ACUITE BB+
	Channel/Dealer/Vendor Financing		Long-term	INR 10 Cr	ACUITE BB+
	Proposed Long Term Bank Facility		Long-term	INR 2 Cr	ACUITE BB+
30th May 23	RAREWALA STEELS AND ALLOYS PRIVATE LIMITED				Instrument & Lender Details RAREWALA STEELS AND 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 9 + 4 = I am not a robot
	Bank Guarantee (BLR)		Short-term	INR 0.5 Cr	ACUITE A4
	Cash Credit		Long-term	INR 6 Cr	ACUITE B
30th May 23	SHILPI FLOCKING COMPANY PRIVATE LIMITED				Instrument & Lender Details SHILPI FLOCKING COMPANY 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 15 Cr	ACUITE D