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Date	Entity Name			Rating Action
4th May 23	KAVERI ENGINEERING PROJECTS PRIVATE LIMITED			Instrument & Lender Details KAVERI ENGINEERING PROJECTS 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 + 3 = I am not a robot
	Bank Guarantee (BLR)	Short-term	INR 22.5 Cr	ACUITE A4+
	Letter of Credit	Short-term	INR 2 Cr	ACUITE A4+
	Proposed Bank Guarantee	Short-term	INR 30 Cr	ACUITE A4+
	Secured Overdraft	Long-term	INR 5.5 Cr	ACUITE BB-
4th May 23	MINAKSHI TRADERS			Instrument & Lender Details MINAKSHI TRADERS To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 5 + 4 = I am not a robot
	Cash Credit	Long-term	INR 6 Cr	ACUITE B
4th May 23	RYDAK SYNDICATE LIMITED			Instrument & Lender Details RYDAK SYNDICATE 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
	Bank Guarantee (BLR)	Short-term	INR 0.5 Cr	ACUITE A4+
	Bank Guarantee (BLR)	Short-term	INR 1.25 Cr	ACUITE A4+
	Cash Credit	Long-term	INR 12 Cr	ACUITE BB+
	Cash Credit	Long-term	INR 11 Cr	ACUITE BB+
	Working Capital Term Loan	Long-term	INR 2.15 Cr	ACUITE BB+
	Working Capital Term Loan	Long-term	INR 1.85 Cr	ACUITE BB+
	Proposed Long Term Bank Facility	Long-term	INR 0.25 Cr	ACUITE BB+
4th May 23	EMT MEGATHERM PRIVATE LIMITED			Instrument & Lender Details EMT MEGATHERM 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 + 3 = I am not a robot
	Bank Guarantee (BLR)	Short-term	INR 5 Cr	ACUITE Not Applicable
	Letter of Credit	Short-term	INR 21 Cr	ACUITE Not Applicable
	Cash Credit	Long-term	INR 35 Cr	ACUITE Not Applicable
	Term Loan	Long-term	INR 0.76 Cr	ACUITE Not Applicable
4th May 23	QVC EXPORTS LIMITED (ERSTWHILE QVC EXPORTS PRIVATE LIMITED)			Instrument & Lender Details QVC EXPORTS LIMITED (ERSTWHILE QVC EXPORTS 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
	PC/PCFC	Short-term	INR 12 Cr	ACUITE A4+
	Bills Discounting	Short-term	INR 9.75 Cr	ACUITE A4+
	Proposed Short Term Bank Facility	Short-term	INR 1.89 Cr	ACUITE A4+
	Letter of Credit	Short-term	INR 8 Cr	ACUITE A4+
	Cash Credit	Long-term	INR 2 Cr	ACUITE BB- Stable
	Proposed Long Term Loan	Long-term	INR 2.81 Cr	ACUITE BB- Stable
	Covid Emergency Line.	Long-term	INR 3.55 Cr	ACUITE BB- Stable
4th May 23	QVC INTERNATIONAL PRIVATE LIMITED			Instrument & Lender Details QVC 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 9 + 7 = I am not a robot
	Letter of Credit	Short-term	INR 8 Cr	ACUITE A4+
	Proposed Letter of Credit	Short-term	INR 3 Cr	ACUITE A4+
	Bills Discounting	Long-term	INR 2.5 Cr	ACUITE BB- Stable
	Proposed Bills Discounting	Long-term	INR 1.5 Cr	ACUITE BB- Stable
4th May 23	PALOGIX INFRASTRUCTURE PRIVATE LIMITED			Instrument & Lender Details PALOGIX INFRASTRUCTURE 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 + 3 = I am not a robot
	Cash Credit	Long-term	INR 5 Cr	ACUITE C
	Term Loan	Long-term	INR 3.08 Cr	ACUITE D
	Term Loan	Long-term	INR 2.72 Cr	ACUITE D
	Term Loan	Long-term	INR 8.75 Cr	ACUITE C
	Proposed Long Term Bank Facility	Long-term	INR 10.52 Cr	ACUITE C
	Covid Emergency Line.	Long-term	INR 3.5 Cr	ACUITE D
	Covid Emergency Line.	Long-term	INR 1.43 Cr	ACUITE C
4th May 23	TANVIRKUMAR AND CO			Instrument & Lender Details TANVIRKUMAR AND CO 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
	Post Shipment Credit	Short-term	INR 48.8 Cr	ACUITE A4
	Cash Credit	Long-term	INR 1.1 Cr	ACUITE BB- Stable
	Covid Emergency Line.	Long-term	INR 9.95 Cr	ACUITE BB- Stable
	Proposed Long Term Bank Facility	Long-term	INR 4.65 Cr	ACUITE BB- Stable
4th May 23	SUMIT WOODS LIMITED			Instrument & Lender Details SUMIT WOODS 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 8.55 Cr	ACUITE BBB Stable
4th May 23	BHANU AGRO			Instrument & Lender Details BHANU AGRO 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 4.44 Cr	ACUITE BB Stable
	Working Capital Term Loan	Long-term	INR 0.96 Cr	ACUITE BB Stable
	Working Capital Term Loan	Long-term	INR 1.3 Cr	ACUITE BB Stable
	Cash Credit	Long-term	INR 9.8 Cr	ACUITE BB Stable
4th May 23	ISHAN EQUIPMENTS PRIVATE LIMITED			Instrument & Lender Details ISHAN EQUIPMENTS 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
	Bank Guarantee (BLR)	Short-term	INR 20.5 Cr	ACUITE A4
	Proposed Short Term Bank Facility	Short-term	INR 30.7 Cr	ACUITE A4
	Working Capital Term Loan	Long-term	INR 0.06 Cr	ACUITE B+ Stable
	Cash Credit	Long-term	INR 29.5 Cr	ACUITE B+ Stable
	Term Loan	Long-term	INR 4.08 Cr	ACUITE B+ Stable
	Term Loan	Long-term	INR 0.16 Cr	ACUITE B+ Stable
4th May 23	AVLIGHT AUTOMOTIVES PRIVATE LIMITED			Instrument & Lender Details AVLIGHT AUTOMOTIVES 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
	Working Capital Term Loan	Long-term	INR 1.67 Cr	ACUITE BBB- Stable
	PC/PCFC	Long-term	INR 18 Cr	ACUITE BBB- Stable
	Term Loan	Long-term	INR 3.73 Cr	ACUITE BBB- Stable
	Proposed Long Term Bank Facility	Long-term	INR 6.5 Cr	ACUITE BBB- Stable
	Term Loan	Long-term	INR 2.73 Cr	ACUITE BBB- Stable
	Term Loan	Long-term	INR 0.13 Cr	ACUITE BBB- Stable
	Term Loan	Long-term	INR 7.24 Cr	ACUITE BBB- Stable
4th May 23	SIKKIM IFFCO ORGANICS LIMITED			Instrument & Lender Details SIKKIM IFFCO ORGANICS 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 + 5 = I am not a robot
	Proposed Term Loan	Long-term	INR 33 Cr	ACUITE A- Stable
4th May 23	MEGATHERM INDUCTION LIMITED (ERSTWHILE MEGATHERM INDUCTION PRIVATE LIMITED)			Instrument & Lender Details MEGATHERM INDUCTION LIMITED (ERSTWHILE MEGATHERM INDUCTION 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 + 5 = I am not a robot
	Bank Guarantee (BLR)	Short-term	INR 7 Cr	ACUITE A4+
	Letter of Credit	Short-term	INR 18 Cr	ACUITE A4+
	PC/PCFC	Short-term	INR 7 Cr	ACUITE A4+
	Cash Credit	Long-term	INR 15 Cr	ACUITE BB-
	Term Loan	Long-term	INR 16.48 Cr	ACUITE BB-
3rd May 23	KIDER INDIA PRIVATE LIMITED			Instrument & Lender Details KIDER 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 1 + 7 = I am not a robot
	Cash Credit	Long-term	INR 5 Cr	ACUITE Not Applicable
	Term Loan	Long-term	INR 10 Cr	ACUITE Not Applicable
3rd May 23	VARDHMAN ELECTRONICS			Instrument & Lender Details VARDHMAN ELECTRONICS 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
	Stand By Line of Credit	Short-term	INR 6 Cr	ACUITE A4
	Cash Credit	Long-term	INR 14 Cr	ACUITE B+
3rd May 23	TRANS HEALTH CARE INDIA PRIVATE LIMITED			Instrument & Lender Details TRANS HEALTH CARE 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 + 4 = I am not a robot
	Bank Guarantee (BLR)	Short-term	INR 3.5 Cr	ACUITE A4
	Cash Credit	Long-term	INR 7.5 Cr	ACUITE B+
3rd May 23	VINAYAKA AGRO FERTILIZERS INDIA PRIVATE LIMITED			Instrument & Lender Details VINAYAKA AGRO FERTILIZERS 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 + 4 = I am not a robot
	Cash Credit	Long-term	INR 15 Cr	ACUITE B+
3rd May 23	VARDHMAN SPINNERS			Instrument & Lender Details VARDHMAN SPINNERS To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 8 + 9 = I am not a robot
	Cash Credit	Long-term	INR 6 Cr	ACUITE B+
	Term Loan	Long-term	INR 4.76 Cr	ACUITE B+
3rd May 23	V RAM CHANDRA IRON & STEEL PRIVATE LIMITED			Instrument & Lender Details V RAM CHANDRA IRON & 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 + 5 = I am not a robot
	Bank Guarantee (BLR)	Short-term	INR 8 Cr	ACUITE A4
	Cash Credit	Long-term	INR 1 Cr	ACUITE B+
	Proposed Long Term Bank Facility	Long-term	INR 2 Cr	ACUITE B+