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Date	Entity Name			Rating Action
3rd Dec 24	FLEX ART FOIL LIMITED			Instrument & Lender Details FLEX ART FOIL 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 + 1 = I am not a robot
	Letter of Credit	Short-term	INR 2 Cr	ACUITE D
	Cash Credit	Long-term	INR 25 Cr	ACUITE D
	Term Loan	Long-term	INR 9.3 Cr	ACUITE D
3rd Dec 24	SAHA ESTATE DEVELOPERS PRIVATE LIMITED			Instrument & Lender Details SAHA ESTATE DEVELOPERS 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 + 8 = I am not a robot
	Non-Covertible Debentures (NCD)	Long-term	INR 37 Cr	ACUITE D
	Non-Covertible Debentures (NCD)	Long-term	INR 20 Cr	ACUITE D
	Proposed Non Convertible Debentures	Long-term	INR 73 Cr	ACUITE D
3rd Dec 24	UNITED POLYFAB GUJARAT LIMITED			Instrument & Lender Details UNITED POLYFAB GUJARAT 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
	Bank Guarantee (BLR)	Short-term	INR 1.5 Cr	ACUITE Not Applicable
	Bank Guarantee (BLR)	Short-term	INR 4 Cr	ACUITE A4
	Cash Credit	Long-term	INR 5 Cr	ACUITE Not Applicable
	Term Loan	Long-term	INR 6.89 Cr	ACUITE Not Applicable
	Term Loan	Long-term	INR 3.17 Cr	ACUITE Not Applicable
	Cash Credit	Long-term	INR 6 Cr	ACUITE Not Applicable
	Term Loan	Long-term	INR 14.22 Cr	ACUITE Not Applicable
	Proposed Long Term Bank Facility	Long-term	INR 27.44 Cr	ACUITE Not Applicable
	Cash Credit	Long-term	INR 2 Cr	ACUITE C
	Cash Credit	Long-term	INR 7 Cr	ACUITE C
	Term Loan	Long-term	INR 7.1 Cr	ACUITE C
	Term Loan	Long-term	INR 4.66 Cr	ACUITE C
	Term Loan	Long-term	INR 23.65 Cr	ACUITE C
	Term Loan	Long-term	INR 27.37 Cr	ACUITE C
3rd Dec 24	UNITED POLYFAB PRIVATE LIMITED			Instrument & Lender Details UNITED POLYFAB 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 0.5 Cr	ACUITE A4
	Proposed Long Term Bank Facility	Long-term	INR 1.51 Cr	ACUITE Not Applicable
	Cash Credit	Long-term	INR 2 Cr	ACUITE B
	Term Loan	Long-term	INR 5.99 Cr	ACUITE B
	Term Loan	Long-term	INR 10 Cr	ACUITE B
3rd Dec 24	UNITED TECHFAB LIMITED (ERSTWHILE UNITED TECHFAB PRIVATE LIMITED)			Instrument & Lender Details UNITED TECHFAB LIMITED (ERSTWHILE UNITED TECHFAB 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
	Bank Guarantee (BLR)	Short-term	INR 1 Cr	ACUITE A4
	Proposed Long Term Bank Facility	Long-term	INR 1.72 Cr	ACUITE Not Applicable
	Cash Credit	Long-term	INR 2 Cr	ACUITE B
	Term Loan	Long-term	INR 23.63 Cr	ACUITE B
3rd Dec 24	NARAYAN AGRO FOODS LIMITED			Instrument & Lender Details NARAYAN AGRO FOODS 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 + 4 = I am not a robot
	Cash Credit	Long-term	INR 22 Cr	ACUITE BB
	Term Loan	Long-term	INR 2.82 Cr	ACUITE BB
	Term Loan	Long-term	INR 1.87 Cr	ACUITE BB
2nd Dec 24	ALTRA PURE CHEM			Instrument & Lender Details ALTRA PURE CHEM To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 4 + 6 = I am not a robot
	Bank Guarantee (BLR)	Short-term	INR 0.4 Cr	ACUITE A4
	Secured Overdraft	Long-term	INR 6 Cr	ACUITE BB- Stable
	Proposed Long Term Bank Facility	Long-term	INR 9 Cr	ACUITE BB- Stable
2nd Dec 24	ASG KOMPANERO LIMITED (ERSTWHILE ASG LEATHER PRIVATE LIMITED)			Instrument & Lender Details ASG KOMPANERO LIMITED (ERSTWHILE ASG LEATHER 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
	Letter of Credit	Short-term	INR 5 Cr	ACUITE A4+
	Letter of Credit	Short-term	INR 2 Cr	ACUITE A4+
	Term Loan	Long-term	INR 6.2 Cr	ACUITE BB+
	Cash Credit	Long-term	INR 2 Cr	ACUITE BB+
	PC/PCFC	Long-term	INR 16 Cr	ACUITE BB+
	Term Loan	Long-term	INR 0.99 Cr	ACUITE BB+
	PC/PCFC	Long-term	INR 11.85 Cr	ACUITE BB+
	Stand By Line of Credit	Long-term	INR 2 Cr	ACUITE BB+
	Covid Emergency Line.	Long-term	INR 3.5 Cr	ACUITE BB+
	Proposed Long Term Bank Facility	Long-term	INR 4.67 Cr	ACUITE Not Applicable
2nd Dec 24	DARSHAN PLASTIC			Instrument & Lender Details DARSHAN PLASTIC 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 6 Cr	ACUITE B
	Proposed Long Term Loan	Long-term	INR 1.5 Cr	ACUITE B
2nd Dec 24	DIMPLE REALTORS PRIVATE LIMITED			Instrument & Lender Details DIMPLE REALTORS 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 + 6 = I am not a robot
	Term Loan	Long-term	INR 10 Cr	ACUITE BBB- Stable
	Term Loan	Long-term	INR 1.56 Cr	ACUITE BBB- Stable
	Term Loan	Long-term	INR 7 Cr	ACUITE BBB- Stable
	Cash Credit	Long-term	INR 1.5 Cr	ACUITE BBB- Stable
	Lease Rental Discounting	Long-term	INR 13 Cr	ACUITE BBB- Stable
	Term Loan	Long-term	INR 100 Cr	ACUITE BBB- Stable
	Term Loan	Long-term	INR 108.94 Cr	ACUITE BBB- Stable
	Term Loan	Long-term	INR 20 Cr	ACUITE BBB- Stable
	Term Loan	Long-term	INR 30 Cr	ACUITE BBB- Stable
2nd Dec 24	ELEGANZ INTERIORS LIMITED (ERSTWHILE ELEGANZ INTERIORS PRIVATE LIMITED)			Instrument & Lender Details ELEGANZ INTERIORS LIMITED (ERSTWHILE ELEGANZ INTERIORS 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
	Bank Guarantee (BLR)	Short-term	INR 65.62 Cr	ACUITE A3
	Bank Guarantee (BLR)	Short-term	INR 12.07 Cr	ACUITE A3
	Cash Credit	Long-term	INR 34.15 Cr	ACUITE BBB- Positive
	Proposed Cash Credit	Long-term	INR 0.23 Cr	ACUITE BBB- Positive
	Cash Credit	Long-term	INR 15 Cr	ACUITE BBB- Positive
2nd Dec 24	GRM FOODS PRIVATE LIMITED			Instrument & Lender Details GRM FOODS 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
	PC/PCFC	Short-term	INR 10 Cr	ACUITE A4
	Term Loan	Long-term	INR 3 Cr	ACUITE B+
	Cash Credit	Long-term	INR 22 Cr	ACUITE B+
2nd Dec 24	GROSPINZ FABZ LIMITED			Instrument & Lender Details GROSPINZ FABZ 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
	Term Loan	Long-term	INR 31.4 Cr	ACUITE BB- Not Applicable
	Term Loan	Long-term	INR 19.3 Cr	ACUITE BB- Not Applicable
	Cash Credit	Long-term	INR 45 Cr	ACUITE BB- Not Applicable
	Proposed Long Term Bank Facility	Long-term	INR 0.8 Cr	ACUITE BB- Not Applicable
	Bills Discounting	Short-term	INR 18 Cr	ACUITE A4
	Bank Guarantee (BLR)	Short-term	INR 1.5 Cr	ACUITE A4
2nd Dec 24	HARIOM INGOTS AND POWER PRIVATE LIMITED			Instrument & Lender Details HARIOM INGOTS AND 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 5 + 7 = I am not a robot
	Cash Credit	Long-term	INR 22.8 Cr	ACUITE BB
	Working Capital Term Loan	Long-term	INR 4.58 Cr	ACUITE BB
	Working Capital Term Loan	Long-term	INR 0.5 Cr	ACUITE BB
	Proposed Long Term Bank Facility	Long-term	INR 4.77 Cr	ACUITE BB
2nd Dec 24	J S MEDIMAX PRIVATE LIMITED			Instrument & Lender Details J S MEDIMAX 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 + 6 = I am not a robot
	Bank Guarantee/Letter of Guarantee	Short-term	INR 0.8 Cr	ACUITE D
	Cash Credit	Long-term	INR 5.5 Cr	ACUITE D
	Term Loan	Long-term	INR 21.59 Cr	ACUITE D
2nd Dec 24	KALATI CONSTRUCTIONS PRIVATE LIMITED			Instrument & Lender Details KALATI CONSTRUCTIONS 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 + 1 = I am not a robot
	Term Loan	Long-term	INR 11.56 Cr	ACUITE BB-
	Term Loan	Long-term	INR 15.63 Cr	ACUITE BB-
2nd Dec 24	KAMAKSHI OILS PRIVATE LIMITED (OPC)			Instrument & Lender Details KAMAKSHI OILS PRIVATE LIMITED (OPC) To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 7 + 8 = I am not a robot
	Proposed Cash Credit	Long-term	INR 7 Cr	ACUITE B-
	Proposed Long Term Loan	Long-term	INR 0.5 Cr	ACUITE B-
2nd Dec 24	KIAANNA HOME ORIGINALE PRIVATE LIMITED			Instrument & Lender Details KIAANNA HOME ORIGINALE 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 + 9 = I am not a robot
	Letter of Credit	Short-term	INR 2 Cr	ACUITE A4
	Cash Credit	Long-term	INR 3 Cr	ACUITE B-
2nd Dec 24	MAHALAXMI TRANSPORT			Instrument & Lender Details MAHALAXMI TRANSPORT 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
	Term Loan	Long-term	INR 9.7 Cr	ACUITE C
	Proposed Long Term Bank Facility	Long-term	INR 5.5 Cr	ACUITE C
2nd Dec 24	MAHAVIR COAL WASHERIES PRIVATE LIMITED			Instrument & Lender Details MAHAVIR COAL WASHERIES 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 + 4 = I am not a robot
	Bank Guarantee (BLR)	Short-term	INR 21 Cr	ACUITE A2+
	Bank Guarantee (BLR)	Short-term	INR 65 Cr	ACUITE A2+
	Bank Guarantee (BLR)	Short-term	INR 47 Cr	ACUITE A2+
	Cash Credit	Long-term	INR 2 Cr	ACUITE A- Stable
	Cash Credit	Long-term	INR 25 Cr	ACUITE A- Stable
	Proposed Long Term Bank Facility	Long-term	INR 2.29 Cr	ACUITE A- Stable
	Cash Credit	Long-term	INR 3 Cr	ACUITE A- Stable
	Cash Credit	Long-term	INR 1 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 0.23 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 14 Cr	ACUITE A- Stable