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Date	Entity Name			Rating Action
7th Feb 22	MSRDC SEA LINK LIMITED			Instrument & Lender Details MSRDC SEA LINK 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 100.00 Cr	ACUITE Provisional AA- Stable
	Term Loan	Long-term	INR 1550.00 Cr	ACUITE AA- Stable
7th Feb 22	KANDOI TRANSPORT LIMITED			Instrument & Lender Details KANDOI TRANSPORT 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
	Bank Guarantee (BLR)	Short-term	INR 18.61 Cr	ACUITE A3
	Bank Guarantee (BLR)	Short-term	INR 19.75 Cr	ACUITE A3
	Bank Guarantee (BLR)	Short-term	INR 33.00 Cr	ACUITE A3
	Cash Credit	Long-term	INR 15.00 Cr	ACUITE BBB- Stable
	Cash Credit	Long-term	INR 30.00 Cr	ACUITE BBB- Stable
	Cash Credit	Long-term	INR 9.00 Cr	ACUITE BBB- Stable
	Cash Credit	Long-term	INR 2.00 Cr	ACUITE BBB- Stable
7th Feb 22	KAYAAR EXPORTS PRIVATE LIMITED			Instrument & Lender Details KAYAAR 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 4 + 4 = I am not a robot
	Cash Credit	Long-term	INR 30.00 Cr	ACUITE BBB+ Stable
7th Feb 22	CALSTAR SPONGE LIMITED			Instrument & Lender Details CALSTAR SPONGE 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 + 2 = I am not a robot
	Letter of Credit	Short-term	INR 8.50 Cr	ACUITE A3+
	Bank Guarantee/Letter of Guarantee	Short-term	INR 5.00 Cr	ACUITE A3+
	Proposed Short Term Bank Facility	Short-term	INR 1.80 Cr	ACUITE A3+
	Cash Credit	Long-term	INR 14.00 Cr	ACUITE BBB Positive
	Proposed Long Term Bank Facility	Long-term	INR 10.00 Cr	ACUITE BBB Positive
7th Feb 22	NIOX SPECIALITY PAPER MILLS			Instrument & Lender Details NIOX SPECIALITY PAPER MILLS 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
	Letter of Credit	Short-term	INR 1.00 Cr	ACUITE A4
	Cash Credit	Long-term	INR 3.50 Cr	ACUITE B-
	Term Loan	Long-term	INR 7.50 Cr	ACUITE B-
7th Feb 22	B S SPONGE PRIVATE LIMITED			Instrument & Lender Details B S SPONGE 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
	Bank Guarantee/Letter of Guarantee	Short-term	INR 2.00 Cr	ACUITE A2+
	Letter of Credit	Short-term	INR 17.00 Cr	ACUITE A2+
	Letter of Credit	Short-term	INR 12.00 Cr	ACUITE A2+
	Bank Guarantee (BLR)	Short-term	INR 3.00 Cr	ACUITE A2+
	Cash Credit	Long-term	INR 10.00 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 14.65 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 0.21 Cr	ACUITE A- Stable
	Cash Credit	Long-term	INR 43.10 Cr	ACUITE A- Stable
	Cash Credit	Long-term	INR 6.90 Cr	ACUITE A- Stable
	Working Capital Demand Loan (WCDL)	Long-term	INR 10.00 Cr	ACUITE A- Stable
	Working Capital Demand Loan (WCDL)	Long-term	INR 8.47 Cr	ACUITE A- Stable
	Proposed Long Term Loan	Long-term	INR 90.00 Cr	ACUITE A- Stable
	Proposed Cash Credit	Long-term	INR 90.00 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 33.25 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 27.75 Cr	ACUITE A- Stable
7th Feb 22	PRERANA MOTORS PRIVATE LIMITED			Instrument & Lender Details PRERANA 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 4 + 7 = I am not a robot
	Inventory Funding	Short-term	INR 5.00 Cr	ACUITE A3
	Channel/Dealer/Vendor Financing	Short-term	INR 18.75 Cr	ACUITE A3
	Bank Guarantee (BLR)	Short-term	INR 2.50 Cr	ACUITE A3
	Channel/Dealer/Vendor Financing	Short-term	INR 14.25 Cr	ACUITE A3
	Proposed Short Term Bank Facility	Short-term	INR 2.50 Cr	ACUITE A3
	Secured Overdraft	Long-term	INR 7.00 Cr	ACUITE BBB- Stable
	Term Loan	Long-term	INR 4.00 Cr	ACUITE BBB- Stable
	Cash Credit	Long-term	INR 24.00 Cr	ACUITE BBB- Stable
	Inventory Funding	Long-term	INR 27.00 Cr	ACUITE BBB- Stable
	Working Capital Demand Loan (WCDL)	Long-term	INR 3.00 Cr	ACUITE BBB- Stable
	Cash Credit	Long-term	INR 10.00 Cr	ACUITE BBB- Stable
4th Feb 22	SALUJA STEEL & POWER PRIVATE LIMITED			Instrument & Lender Details SALUJA STEEL & POWER 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 + 7 = I am not a robot
	Term Loan	Long-term	INR 6.55 Cr	ACUITE BB-
	Cash Credit	Long-term	INR 22.00 Cr	ACUITE BB-
	Letter of Credit	Short-term	INR 7.00 Cr	ACUITE A4
	Bank Guarantee/Letter of Guarantee	Short-term	INR 3.45 Cr	ACUITE A4
4th Feb 22	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 5 + 1 = I am not a robot
	Cash Credit	Long-term	INR 7.50 Cr	ACUITE B+
	Bank Guarantee/Letter of Guarantee	Short-term	INR 3.50 Cr	ACUITE A4
4th Feb 22	MAHALAXMI SAW MILL			Instrument & Lender Details MAHALAXMI SAW 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 + 7 = I am not a robot
	Cash Credit	Long-term	INR 3.00 Cr	ACUITE B
	Letter of Credit	Short-term	INR 9.00 Cr	ACUITE A4
4th Feb 22	HI-TECH POWER AND STEEL LIMITED			Instrument & Lender Details HI-TECH POWER AND 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 2 + 6 = I am not a robot
	Cash Credit	Long-term	INR 30.00 Cr	ACUITE A- Stable
	Cash Credit	Long-term	INR 60.00 Cr	ACUITE A- Stable
	Proposed Cash Credit	Long-term	INR 0.59 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 4.08 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 2.90 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 20.00 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 15.00 Cr	ACUITE A- Stable
	Covid Emergency Line.	Long-term	INR 22.42 Cr	ACUITE A- Stable
	Covid Emergency Line.	Long-term	INR 3.01 Cr	ACUITE A- Stable
	Bank Guarantee/Letter of Guarantee	Short-term	INR 5.00 Cr	ACUITE A2+
	Bank Guarantee/Letter of Guarantee	Short-term	INR 5.00 Cr	ACUITE A2+
	Letter of Credit	Short-term	INR 35.00 Cr	ACUITE A2+
	Letter of Credit	Short-term	INR 15.00 Cr	ACUITE A2+
4th Feb 22	PRIME CIVIL INFRASTRUCTURES PRIVATE LIMITED			Instrument & Lender Details PRIME CIVIL INFRASTRUCTURES 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 10.00 Cr	ACUITE B+
	Bank Guarantee (BLR)	Short-term	INR 15.00 Cr	ACUITE A4
	Proposed Bank Guarantee	Short-term	INR 10.00 Cr	ACUITE A4
4th Feb 22	SELECT GALVA INDIA PRIVATE LIMITED (BLR)			Instrument & Lender Details SELECT GALVA INDIA PRIVATE LIMITED (BLR) 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
	Cash Credit	Long-term	INR 25.00 Cr	ACUITE C
	Cash Credit	Long-term	INR 17.00 Cr	ACUITE C
4th Feb 22	SEVENSEAS GLOBAL EXPRESS LOGISTICS PRIVATE LIMITED			Instrument & Lender Details SEVENSEAS GLOBAL EXPRESS LOGISTICS 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 + 1 = I am not a robot
	Cash Credit	Long-term	INR 15.00 Cr	ACUITE BBB- Stable
	Cash Credit	Long-term	INR 2.00 Cr	ACUITE BBB- Stable
	Bank Guarantee (BLR)	Short-term	INR 0.50 Cr	ACUITE A3
4th Feb 22	HAMSA MINERALS AND EXPORTS			Instrument & Lender Details HAMSA MINERALS AND EXPORTS 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
	Cash Credit	Long-term	INR 3.50 Cr	ACUITE D
	Term Loan	Long-term	INR 5.70 Cr	ACUITE D
	Term Loan	Long-term	INR 5.50 Cr	ACUITE D
	PC/PCFC	Short-term	INR 8.50 Cr	ACUITE D
	Bills Discounting	Short-term	INR 1.50 Cr	ACUITE D
4th Feb 22	ECL FINANCE LIMITED			Instrument & Lender Details ECL FINANCE 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
	Unsecured subordinated perpetual non-convertible debentures	Long-term	INR 150.00 Cr	ACUITE AA- Negative
	Unsecured subordinated perpetual non-convertible debentures	Long-term	INR 150.00 Cr	ACUITE AA- Negative
4th Feb 22	GREETINGS KNITWEARS			Instrument & Lender Details GREETINGS KNITWEARS 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
	Working Capital Term Loan	Long-term	INR 3.47 Cr	ACUITE BB- Stable
	Proposed Long Term Bank Facility	Long-term	INR 0.78 Cr	ACUITE BB- Stable
	PC/PCFC	Short-term	INR 19.50 Cr	ACUITE A4+
	Letter of Credit	Short-term	INR 4.75 Cr	ACUITE A4+
4th Feb 22	MAHENDRA STRIPS PRIVATE LIMITED			Instrument & Lender Details MAHENDRA STRIPS 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
	Letter of Credit	Short-term	INR 110.00 Cr	ACUITE A1 Stable
4th Feb 22	INDUS MANUFACTURING PRIVATE LIMITED			Instrument & Lender Details INDUS MANUFACTURING 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 4.50 Cr	ACUITE B-
	Letter of Credit	Short-term	INR 1.50 Cr	ACUITE A4
4th Feb 22	ULTRA TRADES & HOLDING CO PRIVATE LIMITED			Instrument & Lender Details ULTRA TRADES & HOLDING CO 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 + 6 = I am not a robot
	Cash Credit	Long-term	INR 12.00 Cr	ACUITE BB
	Bank Guarantee/Letter of Guarantee	Short-term	INR 0.44 Cr	ACUITE A4+