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Date	Entity Name			Rating Action
16th Nov 21	GLOBE PANEL INDUSTRIES INDIA PRIVATE LIMITED			Instrument & Lender Details GLOBE PANEL 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 6 + 9 = I am not a robot
	Cash Credit	Long-term	INR 25.00 Cr	ACUITE BB+ Stable
	Cash Credit	Long-term	INR 40.00 Cr	ACUITE BB+ Stable
	Term Loan	Long-term	INR 21.80 Cr	ACUITE BB+ Stable
16th Nov 21	GAJANAND CORPORATION PRIVATE LIMITED			Instrument & Lender Details GAJANAND 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 7 + 5 = I am not a robot
	Proposed Long Term Bank Facility	Long-term	INR 5.00 Cr	ACUITE B+
16th Nov 21	KNK SHIP MANAGEMENT			Instrument & Lender Details KNK SHIP MANAGEMENT To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 7 + 5 = I am not a robot
	Proposed Long Term Loan	Long-term	INR 50.00 Cr	ACUITE B+
16th Nov 21	GADDALA FINANCIAL SERVICES PRIVATE LIMITED			Instrument & Lender Details GADDALA FINANCIAL SERVICES 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
	Proposed Long Term Bank Facility	Long-term	INR 8.85 Cr	ACUITE B+
	Term Loan	Long-term	INR 2.00 Cr	ACUITE B+
	Term Loan	Long-term	INR 0.25 Cr	ACUITE B+
	Term Loan	Long-term	INR 0.30 Cr	ACUITE B+
	Term Loan	Long-term	INR 0.30 Cr	ACUITE B+
	Term Loan	Long-term	INR 0.30 Cr	ACUITE B+
16th Nov 21	VARUN PIPING SYSTEMS			Instrument & Lender Details VARUN PIPING SYSTEMS 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 6.00 Cr	ACUITE A4
	Secured Overdraft	Long-term	INR 8.00 Cr	ACUITE B+
	Term Loan	Long-term	INR 1.50 Cr	ACUITE B+
16th Nov 21	LOGIS TECH INDIA PRIVATE LIMITED			Instrument & Lender Details LOGIS TECH 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 + 4 = I am not a robot
	Bank Guarantee/Letter of Guarantee	Short-term	INR 3.25 Cr	ACUITE A4+
	Proposed Long Term Bank Facility	Long-term	INR 0.13 Cr	ACUITE BB
	Cash Credit	Long-term	INR 9.50 Cr	ACUITE BB
	Term Loan	Long-term	INR 1.40 Cr	ACUITE BB
	Secured Overdraft	Long-term	INR 1.40 Cr	ACUITE BB
16th Nov 21	ASHV FINANCE LIMITED			Instrument & Lender Details ASHV 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 9 + 6 = I am not a robot
	Proposed Long Term Bank Facility	Long-term	INR 50.00 Cr	ACUITE BBB+ Stable
	Proposed Non Convertible Debentures	Long-term	INR 100.00 Cr	ACUITE BBB+ Stable
15th Nov 21	MASK POLYMERS PRIVATE LIMITED			Instrument & Lender Details MASK POLYMERS 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
	Term Loan	Long-term	INR 1.03 Cr	ACUITE BBB- Stable
	Bills Discounting	Short-term	INR 5.00 Cr	ACUITE A3
	Inventory Funding	Short-term	INR 6.00 Cr	ACUITE A3
	Term Loan	Long-term	INR 2.30 Cr	ACUITE BBB- Stable
	Term Loan	Long-term	INR 0.92 Cr	ACUITE BBB- Stable
	Term Loan	Long-term	INR 1.11 Cr	ACUITE BBB- Stable
	Term Loan	Long-term	INR 0.89 Cr	ACUITE BBB- Stable
	Proposed Long Term Bank Facility	Long-term	INR 0.75 Cr	ACUITE BBB- Stable
15th Nov 21	JAI SHRIKRISHNA RICE MILL			Instrument & Lender Details JAI SHRIKRISHNA 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 3 + 8 = I am not a robot
	Term Loan	Long-term	INR 4.00 Cr	ACUITE D
	Cash Credit	Long-term	INR 7.53 Cr	ACUITE D
15th Nov 21	SABARMATI PAPERS PRIVATE LIMITED			Instrument & Lender Details SABARMATI PAPERS 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 + 9 = I am not a robot
	Letter of Credit	Short-term	INR 1.27 Cr	ACUITE A4
	Proposed Long Term Bank Facility	Long-term	INR 1.73 Cr	ACUITE B+
	Term Loan	Long-term	INR 2.97 Cr	ACUITE B+
	Term Loan	Long-term	INR 1.03 Cr	ACUITE B+
	Cash Credit	Long-term	INR 12.00 Cr	ACUITE B+
15th Nov 21	JMG AUTOMOBILES			Instrument & Lender Details JMG AUTOMOBILES 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 6.10 Cr	ACUITE B+
15th Nov 21	KEEN AND CORE DEVELOPERS			Instrument & Lender Details KEEN AND CORE DEVELOPERS 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/Letter of Guarantee	Short-term	INR 6.50 Cr	ACUITE A4
	Cash Credit	Long-term	INR 6.00 Cr	ACUITE B+
15th Nov 21	PRIMO FASHIONS			Instrument & Lender Details PRIMO FASHIONS 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
	PC/PCFC	Short-term	INR 7.45 Cr	ACUITE A4
	Cash Credit	Long-term	INR 2.50 Cr	ACUITE B+
15th Nov 21	Sri Bhuvanesvari Thanga Maligai			Instrument & Lender Details Sri Bhuvanesvari Thanga Maligai 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
	Cash Credit	Long-term	INR 14.30 Cr	ACUITE B+
15th Nov 21	NECO HEAVY ENGINEERING AND CASTINGS LIMITED			Instrument & Lender Details NECO HEAVY ENGINEERING AND CASTINGS 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
	Bank Guarantee/Letter of Guarantee	Short-term	INR 2.00 Cr	ACUITE A4
	Cash Credit	Long-term	INR 12.50 Cr	ACUITE B
15th Nov 21	TNSI RETAIL PRIVATE LIMITED			Instrument & Lender Details TNSI RETAIL 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/Letter of Guarantee	Long-term	INR 1.50 Cr	ACUITE BB Stable
	Proposed Long Term Bank Facility	Long-term	INR 0.50 Cr	ACUITE BB Stable
15th Nov 21	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 2 + 4 = I am not a robot
	PC/PCFC	Short-term	INR 27.60 Cr	ACUITE A2
	Bills Discounting	Short-term	INR 7.20 Cr	ACUITE A2
	Proposed Long Term Bank Facility	Long-term	INR 0.20 Cr	ACUITE BBB+ Stable
	Term Loan	Long-term	INR 4.00 Cr	ACUITE BBB+ Stable
15th Nov 21	LAKSHMI GALAXY ENTERPRISES			Instrument & Lender Details LAKSHMI GALAXY ENTERPRISES To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 6 + 8 = I am not a robot
	Bills Discounting	Short-term	INR 1.00 Cr	ACUITE A4
	PC/PCFC	Short-term	INR 1.50 Cr	ACUITE A4
	Letter of Credit	Short-term	INR 0.56 Cr	ACUITE A4
	Letter of Credit	Short-term	INR 3.80 Cr	ACUITE A4
	Cash Credit	Long-term	INR 3.50 Cr	ACUITE B+
	Term Loan	Long-term	INR 0.94 Cr	ACUITE B+
	Proposed Long Term Bank Facility	Long-term	INR 0.26 Cr	ACUITE B+
15th Nov 21	S K M INDUSTRIES			Instrument & Lender Details S K M INDUSTRIES 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
	PC/PCFC	Short-term	INR 2.00 Cr	ACUITE A4
	Post Shipment Credit	Short-term	INR 2.00 Cr	ACUITE A4
	Letter of Credit	Short-term	INR 3.00 Cr	ACUITE A4
	Bank Guarantee/Letter of Guarantee	Short-term	INR 0.50 Cr	ACUITE A4
	Cash Credit	Long-term	INR 1.00 Cr	ACUITE BB- Stable
	Working Capital Term Loan	Long-term	INR 4.50 Cr	ACUITE BB- Stable
15th Nov 21	VARDHMAN JEWELLERS			Instrument & Lender Details VARDHMAN JEWELLERS To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 4 + 8 = I am not a robot
	Metal Loan	Long-term	INR 6.00 Cr	ACUITE B+