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Date	Entity Name			Rating Action
25th Nov 22	KUSHAL KARYASHALA			Instrument & Lender Details KUSHAL KARYASHALA 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
	Cash Credit	Long-term	INR 5.5 Cr	ACUITE B+
25th Nov 22	GUJARAT PICKERS INDUSTRIES LIMITED			Instrument & Lender Details GUJARAT PICKERS 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 + 6 = I am not a robot
	Cash Credit	Long-term	INR 41.5 Cr	ACUITE B+
	Cash Credit	Long-term	INR 8.5 Cr	ACUITE B+
	Bank Guarantee (BLR)	Short-term	INR 8.5 Cr	ACUITE A4
25th Nov 22	CLASSIC CORRUGATIONS PRIVATE LIMITED			Instrument & Lender Details CLASSIC CORRUGATIONS 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
	Cash Credit	Long-term	INR 6 Cr	ACUITE B+
	Term Loan	Long-term	INR 2.38 Cr	ACUITE B+
	Term Loan	Long-term	INR 0.14 Cr	ACUITE B+
	Stand By Line of Credit	Long-term	INR 0.9 Cr	ACUITE B+
	Proposed Long Term Bank Facility	Long-term	INR 0.58 Cr	ACUITE B+
25th Nov 22	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 7 + 6 = I am not a robot
	Cash Credit	Long-term	INR 40 Cr	ACUITE BBB- Stable
25th Nov 22	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 2 + 5 = I am not a robot
	Cash Credit	Long-term	INR 25 Cr	ACUITE BBB- Stable
25th Nov 22	AJAY INDIA LIMITED			Instrument & Lender Details AJAY 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 3 + 2 = I am not a robot
	Cash Credit	Long-term	INR 15 Cr	ACUITE B+
	Term Loan	Long-term	INR 15 Cr	ACUITE B+
25th Nov 22	SREE RAMA CONSTRUCTIONS			Instrument & Lender Details SREE RAMA CONSTRUCTIONS 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
	Secured Overdraft	Long-term	INR 3.24 Cr	ACUITE B+
	Bank Guarantee/Letter of Guarantee	Short-term	INR 6.57 Cr	ACUITE A4
	Proposed Bank Guarantee	Short-term	INR 0.19 Cr	ACUITE A4
25th Nov 22	B N JEWELLERS INDIA PRIVATE LIMITED (ERSTWHILE B N JEWELLERS)			Instrument & Lender Details B N JEWELLERS INDIA PRIVATE LIMITED (ERSTWHILE B N JEWELLERS) To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 3 + 9 = I am not a robot
	Cash Credit	Long-term	INR 32.5 Cr	ACUITE BBB Positive
25th Nov 22	ELCON			Instrument & Lender Details ELCON 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 10 Cr	ACUITE B+
24th Nov 22	EXPRESS ROADWAYS PRIVATE LIMITED			Instrument & Lender Details EXPRESS ROADWAYS 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
	Term Loan	Long-term	INR 19.15 Cr	ACUITE BBB+ Stable
	Cash Credit	Long-term	INR 55 Cr	ACUITE BBB+ Stable
	Secured Overdraft	Long-term	INR 1.85 Cr	ACUITE BBB+ Stable
	Secured Overdraft	Long-term	INR 7 Cr	ACUITE BBB+ Stable
24th Nov 22	SWASTIKA STEEL AND ALLIED PRODUCTS PRIVATE LIMITED			Instrument & Lender Details SWASTIKA STEEL AND ALLIED 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 7 + 9 = I am not a robot
	Bank Guarantee (BLR)	Short-term	INR 2 Cr	ACUITE A3
	Letter of Credit	Short-term	INR 15 Cr	ACUITE A3
	Cash Credit	Long-term	INR 14.25 Cr	ACUITE BBB-
	Working Capital Term Loan	Long-term	INR 2.99 Cr	ACUITE BBB-
	Proposed Long Term Bank Facility	Long-term	INR 0.76 Cr	ACUITE BBB-
24th Nov 22	GUJARAT STATE INVESTMENTS LIMITED			Instrument & Lender Details GUJARAT STATE INVESTMENTS 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
	Non-Covertible Debentures (NCD)	Long-term	INR 1000 Cr	ACUITE AA Stable
	Non-Covertible Debentures (NCD)	Long-term	INR 2000 Cr	ACUITE AA Stable
	Non-Covertible Debentures (NCD)	Long-term	INR 1000 Cr	ACUITE AA
	Non-Covertible Debentures (NCD)	Long-term	INR 1000 Cr	ACUITE AA
24th Nov 22	BS MINING CORPORATION PRIVATE LIMITED			Instrument & Lender Details BS MINING CORPORATION 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 + 5 = I am not a robot
	Proposed Long Term Loan	Long-term	INR 3.6 Cr	ACUITE C
	Cash Credit	Long-term	INR 16.3 Cr	ACUITE C
	Bank Guarantee/Letter of Guarantee	Short-term	INR 3.5 Cr	ACUITE A4
	Cash Credit	Long-term	INR 1.6 Cr	ACUITE C
24th Nov 22	LAXMI PIPES LIMITED			Instrument & Lender Details LAXMI PIPES 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 + 2 = I am not a robot
	Cash Credit	Long-term	INR 21.25 Cr	ACUITE D
	Term Loan	Long-term	INR 2.25 Cr	ACUITE D
24th Nov 22	K V PRATEEK ENTERPRISES			Instrument & Lender Details K V PRATEEK ENTERPRISES 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
	Bank Guarantee (BLR)	Short-term	INR 6 Cr	ACUITE A4+
	Cash Credit	Long-term	INR 3.25 Cr	ACUITE BB+
24th Nov 22	B D INDUSTRIES INDIA PRIVATE LIMITED			Instrument & Lender Details B D INDUSTRIES 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 + 8 = I am not a robot
	Term Loan	Long-term	INR 1 Cr	ACUITE B+
	Bank Guarantee/Letter of Guarantee	Short-term	INR 2.5 Cr	ACUITE A4
	Proposed Short Term Bank Facility	Short-term	INR 2.5 Cr	ACUITE A4
	Cash Credit	Long-term	INR 1.5 Cr	ACUITE B+
24th Nov 22	B D INDUSTRIES PUNE PRIVATE LIMITED			Instrument & Lender Details B D INDUSTRIES PUNE 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
	Secured Overdraft	Long-term	INR 2 Cr	ACUITE B+
	Letter of Credit	Short-term	INR 6 Cr	ACUITE A4
	Proposed Short Term Loan	Short-term	INR 2 Cr	ACUITE A4
24th Nov 22	B R R AQUA TRADERS PRIVATE LIMITED			Instrument & Lender Details B R R AQUA TRADERS 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
	Secured Overdraft	Long-term	INR 10 Cr	ACUITE B+
24th Nov 22	SHREE BALAJI ENGICONS LIMITED			Instrument & Lender Details SHREE BALAJI ENGICONS 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 + 2 = I am not a robot
	Bank Guarantee (BLR)	Short-term	INR 110 Cr	ACUITE A1
	Bank Guarantee (BLR)	Short-term	INR 12 Cr	ACUITE A1
	Bank Guarantee (BLR)	Short-term	INR 30 Cr	ACUITE A1
	Bank Guarantee (BLR)	Short-term	INR 25 Cr	ACUITE A1
	Bank Guarantee (BLR)	Short-term	INR 15 Cr	ACUITE A1
	Cash Credit	Long-term	INR 32.75 Cr	ACUITE A Stable
	Cash Credit	Long-term	INR 1 Cr	ACUITE A Stable
	Bank Guarantee (BLR)	Short-term	INR 31 Cr	ACUITE A1
	Cash Credit	Long-term	INR 10 Cr	ACUITE A Stable
	Cash Credit	Long-term	INR 9 Cr	ACUITE A Stable
	Cash Credit	Long-term	INR 5 Cr	ACUITE A Stable
	Cash Credit	Long-term	INR 20 Cr	ACUITE A Stable
	Covid Emergency Line.	Long-term	INR 6 Cr	ACUITE A Stable
	Covid Emergency Line.	Long-term	INR 8.07 Cr	ACUITE A Stable
	Covid Emergency Line.	Long-term	INR 0.79 Cr	ACUITE A Stable
	Covid Emergency Line.	Long-term	INR 4.25 Cr	ACUITE A Stable
	Covid Emergency Line.	Long-term	INR 6.5 Cr	ACUITE A Stable
	Proposed Term Loan	Long-term	INR 9.64 Cr	ACUITE A Stable
23rd Nov 22	D2 INTERNATIONAL PRIVATE LIMITED			Instrument & Lender Details D2 INTERNATIONAL 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
	PC/PCFC	Short-term	INR 28.5 Cr	ACUITE A2
	Bills Discounting	Short-term	INR 7.2 Cr	ACUITE A2
	PC/PCFC	Short-term	INR 6.3 Cr	ACUITE A2
	Proposed Long Term Bank Facility	Long-term	INR 0.2 Cr	ACUITE BBB+ Stable
	Term Loan	Long-term	INR 3.1 Cr	ACUITE BBB+ Stable
	Covid Emergency Line.	Long-term	INR 5.6 Cr	ACUITE BBB+ Stable
	Term Loan	Long-term	INR 0.03 Cr	ACUITE BBB+ Stable
	Proposed Long Term Bank Facility	Long-term	INR 8.07 Cr	ACUITE BBB+ Stable