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Date	Entity Name			Rating Action
24th Aug 22	VASWANI INDUSTRIES LIMITED			Instrument & Lender Details VASWANI 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 + 2 = I am not a robot
	Cash Credit	Long-term	INR 18.00 Cr	ACUITE BBB- Stable
	Stand By Line of Credit	Long-term	INR 4.95 Cr	ACUITE BBB- Stable
	Cash Credit	Long-term	INR 10.00 Cr	ACUITE BBB- Stable
	Cash Credit	Long-term	INR 7.00 Cr	ACUITE BBB- Stable
	Bank Guarantee (BLR)	Short-term	INR 3.00 Cr	ACUITE A3
	Letter of Credit	Short-term	INR 12.00 Cr	ACUITE A3
	Bank Guarantee (BLR)	Short-term	INR 1.00 Cr	ACUITE A3
	Letter of Credit	Short-term	INR 5.00 Cr	ACUITE A3
	Letter of Credit	Short-term	INR 11.00 Cr	ACUITE A3
24th Aug 22	FOMENTO RESORTS AND HOTELS LIMITED			Instrument & Lender Details FOMENTO RESORTS AND HOTELS 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 185.76 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 186.14 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 28.10 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 25.42 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 53.53 Cr	ACUITE BBB Stable
	Proposed Long Term Bank Facility	Long-term	INR 0.05 Cr	ACUITE BBB Stable
24th Aug 22	GUJARAT POLYSOL CHEMICALS PRIVATE LIMITED			Instrument & Lender Details GUJARAT POLYSOL CHEMICALS 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 + 4 = I am not a robot
	Cash Credit	Long-term	INR 23.00 Cr	ACUITE A- Positive
	Term Loan	Long-term	INR 1.88 Cr	ACUITE A- Positive
	Bills Discounting	Long-term	INR 1.00 Cr	ACUITE A- Positive
	Term Loan	Long-term	INR 0.47 Cr	ACUITE A- Positive
	Cash Credit	Long-term	INR 15.00 Cr	ACUITE A- Positive
	Term Loan	Long-term	INR 23.49 Cr	ACUITE A- Positive
	Proposed Long Term Bank Facility	Long-term	INR 4.16 Cr	ACUITE A- Positive
	Letter of Credit	Short-term	INR 40.00 Cr	ACUITE A2+
	Bank Guarantee (BLR)	Short-term	INR 1.00 Cr	ACUITE A2+
	Letter of Credit	Short-term	INR 35.00 Cr	ACUITE A2+
24th Aug 22	STONEX INDIA PRIVATE LIMITED			Instrument & Lender Details STONEX 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 + 1 = I am not a robot
	Cash Credit	Long-term	INR 27.50 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 0.30 Cr	ACUITE BBB Stable
	Working Capital Demand Loan (WCDL)	Long-term	INR 2.94 Cr	ACUITE BBB Stable
	Cash Credit	Long-term	INR 16.00 Cr	ACUITE BBB Stable
	Working Capital Demand Loan (WCDL)	Long-term	INR 7.87 Cr	ACUITE BBB Stable
	Cash Credit	Long-term	INR 10.00 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 25.00 Cr	ACUITE BBB Stable
	Short-term Loan	Short-term	INR 24.00 Cr	ACUITE A3+
	Term Loan	Long-term	INR 12.39 Cr	ACUITE BBB Stable
	Proposed Term Loan	Long-term	INR 10.00 Cr	ACUITE BBB Stable
	Working Capital Demand Loan (WCDL)	Long-term	INR 7.56 Cr	ACUITE BBB Stable
	Working Capital Demand Loan (WCDL)	Long-term	INR 4.71 Cr	ACUITE BBB Stable
24th Aug 22	RARE EQUITY PRIVATE LIMITED			Instrument & Lender Details RARE EQUITY 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
	Non-Covertible Debentures (NCD)	Long-term	INR 200.00 Cr	ACUITE AA+ (CE)
	Non-Covertible Debentures (NCD)	Long-term	INR 300.00 Cr	ACUITE AA+ (CE)
24th Aug 22	SHREE BALAJI PIGMENTS PRIVATE LIMITED			Instrument & Lender Details SHREE BALAJI PIGMENTS 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 + 9 = I am not a robot
	Cash Credit	Long-term	INR 17.5 Cr	ACUITE BB Stable
	Proposed Long Term Bank Facility	Long-term	INR 3.16 Cr	ACUITE BB Stable
	Working Capital Term Loan	Long-term	INR 2.55 Cr	ACUITE BB Stable
	Working Capital Term Loan	Long-term	INR 1.79 Cr	ACUITE BB Stable
24th Aug 22	TRADE WINGS LIMITED			Instrument & Lender Details TRADE WINGS 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 + 1 = I am not a robot
	Cash Credit	Long-term	INR 12.00 Cr	ACUITE B+
	Cash Credit	Long-term	INR 4.00 Cr	ACUITE B+
	Bank Guarantee/Letter of Guarantee	Short-term	INR 0.38 Cr	ACUITE A4
24th Aug 22	DHANALAKSHMI HI-TECH MODERN RICE MILL			Instrument & Lender Details DHANALAKSHMI HI-TECH MODERN RICE MILL 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 4.00 Cr	ACUITE B+
	Term Loan	Long-term	INR 1.30 Cr	ACUITE B+
	Proposed Long Term Bank Facility	Long-term	INR 2.00 Cr	ACUITE B+
24th Aug 22	GLOBAL OFFSHORE SERVICES LIMITED			Instrument & Lender Details GLOBAL OFFSHORE SERVICES 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 + 9 = I am not a robot
	Bank Guarantee/Letter of Guarantee	Short-term	INR 6.89 Cr	ACUITE A4
	Term Loan	Long-term	INR 41.5 Cr	ACUITE D
	Bank Guarantee/Letter of Guarantee	Short-term	INR 10 Cr	ACUITE D
	Proposed Short Term Bank Facility	Short-term	INR 23.56 Cr	ACUITE A4
	Term Loan	Long-term	INR 39.15 Cr	ACUITE D
	Term Loan	Long-term	INR 107.68 Cr	ACUITE D
	Term Loan	Long-term	INR 76.39 Cr	ACUITE D
	Term Loan	Long-term	INR 20.7 Cr	ACUITE D
	Term Loan	Long-term	INR 21.34 Cr	ACUITE D
	Term Loan	Long-term	INR 10.33 Cr	ACUITE D
	Cash Credit	Long-term	INR 24 Cr	ACUITE D
	Cash Credit	Long-term	INR 5.3 Cr	ACUITE C
23rd Aug 22	HARIYANA INTERNATIONAL PRIVATE LIMITED			Instrument & Lender Details HARIYANA 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 5 + 8 = I am not a robot
	Cash Credit	Long-term	INR 25.00 Cr	ACUITE BBB- Stable
	Letter of Credit	Short-term	INR 20.00 Cr	ACUITE A3
	Proposed Short Term Bank Facility	Short-term	INR 15.00 Cr	ACUITE A3
23rd Aug 22	HARIYANA SHIP BREAKERS LIMITED			Instrument & Lender Details HARIYANA SHIP BREAKERS 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
	Cash Credit	Long-term	INR 25.00 Cr	ACUITE BBB- Stable
	Letter of Credit	Short-term	INR 200.00 Cr	ACUITE A3
23rd Aug 22	HARIYANA SHIP DEMOLITION PRIVATE LIMITED			Instrument & Lender Details HARIYANA SHIP DEMOLITION 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
	Cash Credit	Long-term	INR 35.00 Cr	ACUITE BBB- Stable
	Letter of Credit	Short-term	INR 90.00 Cr	ACUITE A3
	Proposed Short Term Bank Facility	Short-term	INR 75.00 Cr	ACUITE A3
23rd Aug 22	HEETU CHEMICALS AND ALKALIES LIMITED			Instrument & Lender Details HEETU CHEMICALS AND ALKALIES 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 + 6 = I am not a robot
	Secured Overdraft	Long-term	INR 0.50 Cr	ACUITE BB+
	Stand By Line of Credit	Long-term	INR 8.00 Cr	ACUITE BB+
	Letter of Credit	Short-term	INR 9.00 Cr	ACUITE A4+
23rd Aug 22	Bedmutha Industries Limited			Instrument & Lender Details Bedmutha 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 + 5 = I am not a robot
	Term Loan	Long-term	INR 28.46 Cr	ACUITE BBB- Stable
	Term Loan	Long-term	INR 2.65 Cr	ACUITE BBB- Stable
	Cash Credit	Long-term	INR 22.09 Cr	ACUITE BBB- Stable
	Letter of Credit	Short-term	INR 15.56 Cr	ACUITE A3
	Term Loan	Long-term	INR 21.25 Cr	ACUITE BBB- Stable
	Term Loan	Long-term	INR 1.99 Cr	ACUITE BBB- Stable
	Bank Guarantee (BLR)	Short-term	INR 15.80 Cr	ACUITE A3
	Cash Credit	Long-term	INR 9.33 Cr	ACUITE BBB- Stable
	Term Loan	Long-term	INR 10.23 Cr	ACUITE BBB- Stable
	Bank Guarantee (BLR)	Short-term	INR 12 Cr	ACUITE A3
	Term Loan	Long-term	INR 0.86 Cr	ACUITE BBB- Stable
	Term Loan	Long-term	INR 15.90 Cr	ACUITE BBB- Stable
	Term Loan	Long-term	INR 2.19 Cr	ACUITE BBB- Stable
	Term Loan	Long-term	INR 2.84 Cr	ACUITE BBB- Stable
	Term Loan	Long-term	INR 1.95 Cr	ACUITE BBB- Stable
	Cash Credit	Long-term	INR 14.34 Cr	ACUITE BBB- Stable
	Term Loan	Long-term	INR 29.59 Cr	ACUITE BBB- Stable
	Cash Credit	Long-term	INR 22.11 Cr	ACUITE BBB- Stable
	Bank Guarantee (BLR)	Short-term	INR 6.65 Cr	ACUITE A3
	Letter of Credit	Short-term	INR 7.70 Cr	ACUITE A3
	Bank Guarantee (BLR)	Short-term	INR 15.80 Cr	ACUITE A3
23rd Aug 22	SECURE INDUSTRIES PRIVATE LIMITED			Instrument & Lender Details SECURE INDUSTRIES 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 + 2 = I am not a robot
	Cash Credit	Long-term	INR 7.50 Cr	ACUITE D
	Term Loan	Long-term	INR 6.00 Cr	ACUITE D
	Term Loan	Long-term	INR 1.20 Cr	ACUITE D
	Letter of Credit	Short-term	INR 1.00 Cr	ACUITE D
	Term Loan	Long-term	INR 3.00 Cr	ACUITE D
	Term Loan	Long-term	INR 2.75 Cr	ACUITE D
23rd Aug 22	ADROIT ASSOCIATES PRIVATE LIMITED (Erstwhile ADROIT ASSOCIATES)			Instrument & Lender Details ADROIT ASSOCIATES PRIVATE LIMITED (Erstwhile ADROIT ASSOCIATES) To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 1 + 2 = I am not a robot
	Cash Credit	Long-term	INR 8.00 Cr	ACUITE BBB Stable
	Proposed Cash Credit	Long-term	INR 2.00 Cr	ACUITE BBB Stable
	Bank Guarantee/Letter of Guarantee	Short-term	INR 12.00 Cr	ACUITE A3+
	Proposed Bank Guarantee	Short-term	INR 8.00 Cr	ACUITE A3+
23rd Aug 22	INDUCTO STEEL LIMITED			Instrument & Lender Details INDUCTO STEEL 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 + 8 = I am not a robot
	Proposed Long Term Bank Facility	Long-term	INR 5.00 Cr	ACUITE BBB- Stable
	Secured Overdraft	Long-term	INR 5.00 Cr	ACUITE BBB- Stable
	Letter of Credit	Short-term	INR 35.00 Cr	ACUITE A3
22nd Aug 22	SRI GURU GORAKH NATH RICE MILL			Instrument & Lender Details SRI GURU GORAKH NATH RICE MILL To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 2 + 2 = I am not a robot
	Cash Credit	Long-term	INR 20.00 Cr	ACUITE B+
22nd Aug 22	SUPREME HEATREATERS PRIVATE LIMITED			Instrument & Lender Details SUPREME HEATREATERS 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
	Term Loan	Long-term	INR 1.65 Cr	ACUITE BB-
	Term Loan	Long-term	INR 3.00 Cr	ACUITE BB-
	Cash Credit	Long-term	INR 25.00 Cr	ACUITE BB-
	Bank Guarantee (BLR)	Short-term	INR 1.00 Cr	ACUITE A4+
	Letter of Credit	Short-term	INR 30.00 Cr	ACUITE A4+
24th Aug 22	Fino Finance Private Limited			Instrument & Lender Details Fino 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 1 + 6 = I am not a robot
	Term Loan	Long-term	INR 4.17 Cr	ACUITE BB+
	Term Loan	Long-term	INR 3.71 Cr	ACUITE BB+
	Term Loan	Long-term	INR 8 Cr	ACUITE BB+
	Term Loan	Long-term	INR 32.86 Cr	ACUITE BB+
	Term Loan	Long-term	INR 2.5 Cr	ACUITE BB+
	Non-Covertible Debentures (NCD)	Long-term	INR 30 Cr	ACUITE BB+
	Non-Covertible Debentures (NCD)	Long-term	INR 25 Cr	ACUITE BB+
	Term Loan	Long-term	INR 6.61 Cr	ACUITE BB+
	Term Loan	Long-term	INR 20 Cr	ACUITE BB+
	Term Loan	Long-term	INR 5.42 Cr	ACUITE BB+
	Cash Credit	Long-term	INR 25 Cr	ACUITE BB+
	Term Loan	Long-term	INR 4.08 Cr	ACUITE BB+
	Term Loan	Long-term	INR 11.82 Cr	ACUITE BB+
	Term Loan	Long-term	INR 3.33 Cr	ACUITE BB+
	Term Loan	Long-term	INR 20 Cr	ACUITE BB+