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Date	Entity Name			Rating Action
17th Mar 21	SBIW Steels Private Limited			Instrument & Lender Details SBIW Steels 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 + 8 = I am not a robot
	Bank Guarantee (BLR)	Short-term	INR 6 Cr	ACUITE A4
	Letter of Credit	Short-term	INR 0.19 Cr	ACUITE A4
	Cash Credit	Long-term	INR 2.25 Cr	ACUITE B+
	Term Loan	Long-term	INR 2.56 Cr	ACUITE B+
17th Mar 21	Secan Invescast India Private Limited			Instrument & Lender Details Secan Invescast 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 4 + 3 = I am not a robot
	Bank Guarantee (BLR)	Short-term	INR 0.25 Cr	ACUITE A4+
	Letter of Credit	Short-term	INR 0.25 Cr	ACUITE A4+
	Cash Credit	Long-term	INR 5 Cr	ACUITE BB-
	Term Loan	Long-term	INR 3.25 Cr	ACUITE BB-
17th Mar 21	Shera Energy Private Limited			Instrument & Lender Details Shera Energy 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 + 8 = I am not a robot
	Cash Credit	Long-term	INR 29 Cr	ACUITE BBB Stable
	Proposed Long Term Bank Facility	Long-term	INR 1.85 Cr	ACUITE BBB Stable
	Stand By Line of Credit	Long-term	INR 1 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 3.3 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 0.25 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 0.24 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 0.3 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 0.26 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 0.3 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 0.25 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 0.15 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 0.11 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 0.24 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 0.12 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 0.13 Cr	ACUITE BBB Stable
	Bank Guarantee (BLR)	Short-term	INR 15 Cr	ACUITE A3+
	Channel/Dealer/Vendor Financing	Short-term	INR 9 Cr	ACUITE A3+
	Channel/Dealer/Vendor Financing	Short-term	INR 2.5 Cr	ACUITE A3+
	Channel/Dealer/Vendor Financing	Short-term	INR 3 Cr	ACUITE A3+
	Letter of Credit	Short-term	INR 64 Cr	ACUITE A3+
17th Mar 21	Shera Metal Private Limited			Instrument & Lender Details Shera Metal 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 10 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 0.22 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 3.66 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 0.47 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 1.5 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 0.87 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 0.05 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 1.75 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 0.11 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 0.92 Cr	ACUITE BBB Stable
	Working Capital Demand Loan (WCDL)	Long-term	INR 2.02 Cr	ACUITE BBB Stable
	Bank Guarantee (BLR)	Short-term	INR 2 Cr	ACUITE A3+
	Channel/Dealer/Vendor Financing	Short-term	INR 5 Cr	ACUITE A3+
	Letter of Credit	Short-term	INR 16 Cr	ACUITE A3+
	Proposed Short Term Bank Facility	Short-term	INR 0.43 Cr	ACUITE A3+
	Term Loan	Long-term	INR 0.16 Cr	ACUITE BBB
	Term Loan	Long-term	INR 0.03 Cr	ACUITE BBB
17th Mar 21	Shri Ram Finance Corporation Private Limited - Northern Arc 2021 VF Paddy			Instrument & Lender Details Shri Ram Finance Corporation Private Limited - Northern Arc 2021 VF Paddy 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
	Pass Through Certificate	Long-term	INR 19.73 Cr	ACUITE Provisional A (SO )
17th Mar 21	Sonalac Paints And Coatings Limited			Instrument & Lender Details Sonalac Paints And Coatings 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
	Letter of Credit	Short-term	INR 4 Cr	ACUITE A4+
	Cash Credit	Long-term	INR 6.5 Cr	ACUITE BB
	Proposed Long Term Bank Facility	Long-term	INR 0.12 Cr	ACUITE BB
	Secured Overdraft	Long-term	INR 2.69 Cr	ACUITE BB
17th Mar 21	Sri Balaji Assemblies And Plastics Private Limited			Instrument & Lender Details Sri Balaji Assemblies And Plastics 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 + 6 = I am not a robot
	Bank Guarantee (BLR)	Short-term	INR 1 Cr	ACUITE A4+
	Letter of Credit	Short-term	INR 1 Cr	ACUITE A4+
	Stand By Line of Credit	Short-term	INR 3 Cr	ACUITE A4+
	Cash Credit	Long-term	INR 26 Cr	ACUITE BB
	Proposed Long Term Loan	Long-term	INR 0.95 Cr	ACUITE BB
	Term Loan	Long-term	INR 3.02 Cr	ACUITE BB
	Term Loan	Long-term	INR 1.78 Cr	ACUITE BB
	Term Loan	Long-term	INR 2.25 Cr	ACUITE BB
17th Mar 21	Vibgyor Paints and Chemicals Pondicherry			Instrument & Lender Details Vibgyor Paints and Chemicals Pondicherry 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
	Cash Credit	Long-term	INR 9 Cr	ACUITE B+
	Term Loan	Long-term	INR 1 Cr	ACUITE B+
17th Mar 21	Western Concessions Private Limited (Erstwhile H-Energy Gateway Private Limited)			Instrument & Lender Details Western Concessions Private Limited (Erstwhile H-Energy Gateway 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
	Term Loan	Long-term	INR 215 Cr	ACUITE BBB+ Negative
	Term Loan	Long-term	INR 400 Cr	ACUITE BBB+ Negative
	Term Loan	Long-term	INR 300 Cr	ACUITE BBB+ Negative
	Term Loan	Long-term	INR 250 Cr	ACUITE BBB+ Negative
	Bank Guarantee (BLR)	Short-term	INR 35 Cr	ACUITE A2
	Bank Guarantee (BLR)	Short-term	INR 45 Cr	ACUITE A2
	Bank Guarantee (BLR)	Short-term	INR 35 Cr	ACUITE A2
	Proposed Short Term Bank Facility	Short-term	INR 10 Cr	ACUITE A2
17th Mar 21	BDJ Oxides Private Limited			Instrument & Lender Details BDJ Oxides 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
	Cash Credit	Long-term	INR 9 Cr	ACUITE BBB Stable
	Cash Credit	Long-term	INR 25 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 2.5 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 5.5 Cr	ACUITE BBB Stable
	Bank Guarantee (BLR)	Short-term	INR 0.5 Cr	ACUITE A3+
17th Mar 21	Bhagyalaxmi			Instrument & Lender Details Bhagyalaxmi 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
	Term Loan	Long-term	INR 4.5 Cr	ACUITE D
	Proposed Long Term Loan	Long-term	INR 3.85 Cr	ACUITE D
17th Mar 21	Bora Agro Foods			Instrument & Lender Details Bora Agro Foods 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 2 Cr	ACUITE A4+
	Derivative Exposure	Short-term	INR 2.2 Cr	ACUITE A4+
	Term Loan	Long-term	INR 7.6 Cr	ACUITE BB-
	Working Capital Demand Loan (WCDL)	Long-term	INR 60 Cr	ACUITE BB-
17th Mar 21	Bothra Metals & Alloys Limited			Instrument & Lender Details Bothra Metals & Alloys 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 + 7 = I am not a robot
	Letter of Credit	Short-term	INR 6.5 Cr	ACUITE D
	Letter of Credit	Short-term	INR 23.5 Cr	ACUITE D
	Letter of Credit	Short-term	INR 5 Cr	ACUITE D
	Cash Credit	Long-term	INR 40.39 Cr	ACUITE D
	Term Loan	Long-term	INR 1.61 Cr	ACUITE D
17th Mar 21	HE Marketing Private Limited (erstwhile H-Energy Gas Marketing Private Limited)			Instrument & Lender Details HE Marketing Private Limited (erstwhile H-Energy Gas Marketing 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 + 9 = I am not a robot
	Issuer Rating	Long-term	INR 0 Cr	ACUITE BBB+ Negative
17th Mar 21	KEJ Minerals Private Limited			Instrument & Lender Details KEJ Minerals 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
	Bank Guarantee (BLR)	Short-term	INR 0.15 Cr	ACUITE A4+
	Bills Discounting	Short-term	INR 15 Cr	ACUITE A4+
	Cash Credit	Long-term	INR 10 Cr	ACUITE BB-
	Proposed Long Term Loan	Long-term	INR 0.82 Cr	ACUITE BB-
	Term Loan	Long-term	INR 1.21 Cr	ACUITE BB-
	Term Loan	Long-term	INR 1.86 Cr	ACUITE BB-
	Term Loan	Long-term	INR 1.89 Cr	ACUITE BB-
	Term Loan	Long-term	INR 0.07 Cr	ACUITE BB-
17th Mar 21	Lakshya Warehousing			Instrument & Lender Details Lakshya Warehousing To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 3 + 5 = I am not a robot
	Term Loan	Long-term	INR 7.25 Cr	ACUITE D
17th Mar 21	LDPE India			Instrument & Lender Details LDPE India To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 9 + 2 = I am not a robot
	Bank Guarantee (BLR)	Short-term	INR 7.25 Cr	ACUITE A4
	Proposed Long Term Loan	Long-term	INR 1 Cr	ACUITE B+
	Term Loan	Long-term	INR 2.75 Cr	ACUITE B+
16th Mar 21	Mahalaxmi Automotives Vehicles Private Limited			Instrument & Lender Details Mahalaxmi Automotives Vehicles 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 + 7 = I am not a robot
	Channel/Dealer/Vendor Financing	Long-term	INR 5 Cr	ACUITE B
	Inventory Funding	Long-term	INR 15 Cr	ACUITE B
16th Mar 21	Mashiva Steel And Alloys LLP			Instrument & Lender Details Mashiva Steel And Alloys LLP 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
	Cash Credit	Long-term	INR 12 Cr	ACUITE BB- Stable
	Term Loan	Long-term	INR 3 Cr	ACUITE BB- Stable
	Working Capital Demand Loan (WCDL)	Long-term	INR 2.5 Cr	ACUITE BB- Stable
16th Mar 21	Micon Valves India Private Limited			Instrument & Lender Details Micon Valves 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 + 7 = I am not a robot
	Bank Guarantee (BLR)	Short-term	INR 1 Cr	ACUITE D
	Letter of Credit	Short-term	INR 1.5 Cr	ACUITE D
	Cash Credit	Long-term	INR 2.5 Cr	ACUITE D
	Proposed Long Term Bank Facility	Long-term	INR 1.92 Cr	ACUITE D
	Term Loan	Long-term	INR 0.98 Cr	ACUITE D