2. Ratings
As an early entrant in the Credit Rating business, ICRA Limited (ICRA) is one of the most experienced Credit Rating Agencies in the country today. ICRA rates rupee-denominated debt instruments issued by manufacturing companies, commercial banks, non-banking finance companies, financial institutions, public sector undertakings and municipalities, among others. ICRA also rates structured obligations and sector-specific debt obligations such as instruments issued by Power, Telecom and Infrastructure companies. The other services offered include Corporate Governance Rating, Stakeholder Value and Governance Rating, Credit Risk Rating of Debt Mutual Funds, Rating of Claims Paying Ability of Insurance Companies, Project Finance Rating, Line of Credit Rating and Valuation of Principal Protected-Market Linked Debentures (PP-MLD).
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z All
Company Name Sector Name Long Term Medium Term Short Term Issuer Outlook
B & A Packaging India Ltd.
Rationale / Rating Methodologies 		Packaging [ICRA]BBB- -- -- -- Stable
B & A Packaging India Ltd.
Rationale / Rating Methodologies 		Packaging [ICRA]BBB- -- -- -- Stable
B & A Packaging India Ltd.
Rationale / Rating Methodologies 		Packaging -- -- [ICRA]A3 -- --
B & A Packaging India Ltd.
Rationale / Rating Methodologies 		Packaging -- -- [ICRA]A3 -- --
B & A Packaging India Ltd.
Rationale / Rating Methodologies 		Packaging [ICRA]BBB- -- [ICRA]A3 -- Stable
B Arvindkumar & Company
Rationale / Rating Methodologies 		Miscellaneous -- -- * -- --
B C Exports
Rationale / Rating Methodologies 		Agricultural Produce -- -- * -- --
B Durga Reddy Infrastructures Private Limited
Rationale / Rating Methodologies 		Construction ^ -- -- -- --
B Fouress (P) Limited
Rationale / Rating Methodologies 		Engineering -- -- [ICRA]A2 -- --
B Fouress (P) Limited
Rationale / Rating Methodologies 		Engineering [ICRA]BBB -- [ICRA]A2 -- Stable
B Fouress (P) Limited
Rationale / Rating Methodologies 		Engineering [ICRA]BBB -- -- -- Stable
B G Shirke Construction Technology Private Limited
Rationale / Rating Methodologies 		Miscellaneous * -- * -- --
B Himmatlal Agrawal
Rationale / Rating Methodologies 		Trading ^ -- ^ -- --
B L Goel & Company
Rationale / Rating Methodologies 		Construction [ICRA]BB- ISSUER NOT COOPERATING -- -- -- Stable
B L Goel & Company
Rationale / Rating Methodologies 		Construction -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
B L Kapur Memorial Hospital
Rationale / Rating Methodologies 		Miscellaneous ^ -- ^ -- --
B Nehal
Rationale / Rating Methodologies 		Gems and jewellery ^ -- ^ -- --
B P Alloys Limited
Rationale / Rating Methodologies 		Trading ^ -- ^ -- --
B S Sea Foods Limited
Rationale / Rating Methodologies 		Food and food products * -- ^ -- --
B. A. Hospital & Training Centre
Rationale / Rating Methodologies 		Healthcare ^ -- -- -- --
B. Harish & Company
Rationale / Rating Methodologies 		Trading -- -- * -- --
B. K. Exports
Rationale / Rating Methodologies 		Food and food products [ICRA]B- ISSUER NOT COOPERATING -- -- -- Stable
B. Manek Exports
Rationale / Rating Methodologies 		Gems and jewellery ^ -- ^ -- --
B. P. Food Products Pvt Ltd
Rationale / Rating Methodologies 		Agricultural Produce [ICRA]D ISSUER NOT COOPERATING -- -- -- --
B. P. Food Products Pvt Ltd
Rationale / Rating Methodologies 		Agricultural Produce [ICRA]D ISSUER NOT COOPERATING -- [ICRA]D ISSUER NOT COOPERATING -- --
B. P. Food Products Pvt Ltd
Rationale / Rating Methodologies 		Agricultural Produce -- -- [ICRA]D ISSUER NOT COOPERATING -- --
B. P. Food Products Pvt Ltd
Rationale / Rating Methodologies 		Agricultural Produce [ICRA]D ISSUER NOT COOPERATING -- -- -- --
B. R. Metallics
Rationale / Rating Methodologies 		Ferrous metals ^ -- -- -- --
B. R. Sponge & Power Limited
Rationale / Rating Methodologies 		Ferrous metals [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
B. R. Sponge & Power Limited
Rationale / Rating Methodologies 		Ferrous metals [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
B. R. Sponge & Power Limited
Rationale / Rating Methodologies 		Ferrous metals -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
B. Sorabji
Rationale / Rating Methodologies 		Textiles -- -- * -- --
B. V. Bio-Corp Pvt. Ltd.
Rationale / Rating Methodologies 		Poultry [ICRA]A- -- -- -- Stable
B. V. Bio-Corp Pvt. Ltd.
Rationale / Rating Methodologies 		Poultry [ICRA]A- -- -- -- Stable
B. V. Bio-Corp Pvt. Ltd.
Rationale / Rating Methodologies 		Poultry [ICRA]A- -- [ICRA]A2+ -- Stable
B. V. Bio-Corp Pvt. Ltd.
Rationale / Rating Methodologies 		Poultry -- -- [ICRA]A2+ -- --
B. V. Cot Spin Industries
Rationale / Rating Methodologies 		Textiles [ICRA]D ISSUER NOT COOPERATING -- -- -- --
B. V. Cot Spin Industries
Rationale / Rating Methodologies 		Textiles [ICRA]D ISSUER NOT COOPERATING -- -- -- --
B. Vijaykumar & Co.
Rationale / Rating Methodologies 		Gems and jewellery -- -- [ICRA]A4+ -- --
B. Vijaykumar & Co.
Rationale / Rating Methodologies 		Gems and jewellery -- -- [ICRA]A4+ -- --
B.A Alloys Private Limited
Rationale / Rating Methodologies 		Non-ferrous metals ^ -- -- -- --
B.B. Asia Impex Private Limited
Rationale / Rating Methodologies 		PetroChemicals and Polymers ^ -- ^ -- --
B.C. Mohanty & Sons Private Limited
Rationale / Rating Methodologies 		Mining [ICRA]BB+ -- -- -- Stable
B.D. Agricare Private Limited
Rationale / Rating Methodologies 		Agricultural Produce [ICRA]B -- -- -- --
B.D. Motors Limited
Rationale / Rating Methodologies 		Miscellaneous ^ -- ^ -- --
B.D. Overseas
Rationale / Rating Methodologies 		Agricultural Produce ^ -- ^ -- --
B.D. Steels Private Limited
Rationale / Rating Methodologies 		Trading -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
B.D. Steels Private Limited
Rationale / Rating Methodologies 		Trading [ICRA]BB- ISSUER NOT COOPERATING -- -- -- Stable
B.D. Textile Mills Private Limited
Rationale / Rating Methodologies 		Textiles ^ -- -- -- --
B.H.Cotton Private Limited
Rationale / Rating Methodologies 		Textiles [ICRA]B -- -- -- Stable
B.I. Fabrics
Rationale / Rating Methodologies 		Textiles ^ -- -- -- --
B.I. Group of Industries
Rationale / Rating Methodologies 		Textiles ^ -- -- -- --
B.J.Cotton Industries
Rationale / Rating Methodologies 		Textiles ^ -- ^ -- --
B.K. Print And Pack
Rationale / Rating Methodologies 		SI Grading [ICRA]BB- ISSUER NOT COOPERATING -- -- -- Stable
B.K. Print And Pack
Rationale / Rating Methodologies 		SI Grading [ICRA]BB- ISSUER NOT COOPERATING -- -- -- Stable
B.K.Threshers Pvt. Ltd
Rationale / Rating Methodologies 		Miscellaneous [ICRA]B ISSUER NOT COOPERATING -- -- -- Negative
B.K.Threshers Pvt. Ltd
Rationale / Rating Methodologies 		Miscellaneous [ICRA]B ISSUER NOT COOPERATING -- -- -- Negative
B.K.Threshers Pvt. Ltd
Rationale / Rating Methodologies 		Miscellaneous -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
B.K.Threshers Pvt. Ltd
Rationale / Rating Methodologies 		Miscellaneous [ICRA]B ISSUER NOT COOPERATING -- -- -- Negative
B.K.Threshers Pvt. Ltd
Rationale / Rating Methodologies 		Miscellaneous [ICRA]B ISSUER NOT COOPERATING -- [ICRA]A4 ISSUER NOT COOPERATING -- Negative
B.L. Foundry Private Limited
Rationale / Rating Methodologies 		Non-ferrous metals ^ -- -- -- --
B.L.D.E University
Rationale / Rating Methodologies 		Education [ICRA]BB ISSUER NOT COOPERATING -- -- -- Stable
B.L.D.E University
Rationale / Rating Methodologies 		Education [ICRA]BB ISSUER NOT COOPERATING -- -- -- Stable
B.L.D.E University
Rationale / Rating Methodologies 		Education -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
B.M. Gupta Developers Pvt. Ltd.
Rationale / Rating Methodologies 		Real estate * -- -- -- --
B.M. Gupta Estate Pvt. Ltd.
Rationale / Rating Methodologies 		Real estate * -- * -- --
B.M. Gupta Estate Pvt. Ltd.
Rationale / Rating Methodologies 		Real estate * -- * -- --
B.M. Trivedi
Rationale / Rating Methodologies 		Textiles ^ -- ^ -- --
B.Melaram & Sons
Rationale / Rating Methodologies 		Shipbreaking [ICRA]BB- -- -- -- Stable
B.Melaram & Sons
Rationale / Rating Methodologies 		Shipbreaking -- -- [ICRA]A4 -- --
B.P. Flour Mills Private Limited
Rationale / Rating Methodologies 		Food and food products ^ -- -- -- --
B.P. Packagings Private Limited
Rationale / Rating Methodologies 		Miscellaneous ^ -- -- -- --
B.P.Sangle Constructions Private Limited
Rationale / Rating Methodologies 		Construction ^ -- ^ -- --
B.R. Arora & Associates Private Limited
Rationale / Rating Methodologies 		Construction ^ -- -- -- --
B.R. Designs
Rationale / Rating Methodologies 		Gems and jewellery ^ -- ^ -- --
B.R. Guar Gum Private Limited
Rationale / Rating Methodologies 		Agricultural Produce [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
B.R. Guar Gum Private Limited
Rationale / Rating Methodologies 		Agricultural Produce [ICRA]B+ ISSUER NOT COOPERATING -- [ICRA]A4 ISSUER NOT COOPERATING -- Stable
B.R. Industries
Rationale / Rating Methodologies 		Gems and jewellery ^ -- -- -- --
B.R.T. Spinners Private Limited
Rationale / Rating Methodologies 		Textiles ^ -- ^ -- --
B.S. Agriculture Industries (India)
Rationale / Rating Methodologies 		Agricultural Produce [ICRA]B ISSUER NOT COOPERATING -- [ICRA]A4 ISSUER NOT COOPERATING -- Stable
B.S. Agriculture Industries (India)
Rationale / Rating Methodologies 		Agricultural Produce [ICRA]B ISSUER NOT COOPERATING -- [ICRA]A4 ISSUER NOT COOPERATING -- Stable
B.S. Mining Corporation Private Limited
Rationale / Rating Methodologies 		Mining -- -- ^ -- --
B.S.E.S (India) Private Limited
Rationale / Rating Methodologies 		Construction ^ -- ^ -- --
B.V.L. Exports Private Limited
Rationale / Rating Methodologies 		Miscellaneous [ICRA]B ISSUER NOT COOPERATING -- -- -- Negative
B.V.L. Exports Private Limited
Rationale / Rating Methodologies 		Miscellaneous [ICRA]B ISSUER NOT COOPERATING -- -- -- Negative
Baba Akhila Sai Jyothi Industries Private Limited
Rationale / Rating Methodologies 		Ferrous metals [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Baba Akhila Sai Jyothi Industries Private Limited
Rationale / Rating Methodologies 		Ferrous metals [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Baba Akhila Sai Jyothi Industries Private Limited
Rationale / Rating Methodologies 		Ferrous metals -- -- [ICRA]D ISSUER NOT COOPERATING -- --
Baba Arts Limited
Rationale / Rating Methodologies 		Media & Entertainment * -- -- -- --
Baba Bearings Private Limited
Rationale / Rating Methodologies 		Auto Ancillaries ^ -- ^ -- --
Baba Bhuman Shah Ji Rice Mills
Rationale / Rating Methodologies 		Food and food products [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
Baba Bhuman Shah Ji Rice Mills
Rationale / Rating Methodologies 		Food and food products [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
Baba Construction
Rationale / Rating Methodologies 		Construction ^ -- -- -- --
Baba Construction Private Limited
Rationale / Rating Methodologies 		Construction [ICRA]BB ISSUER NOT COOPERATING -- -- -- Stable
Baba Construction Private Limited
Rationale / Rating Methodologies 		Construction [ICRA]BB ISSUER NOT COOPERATING -- -- -- Stable
Baba Isher Singh Educational Society
Rationale / Rating Methodologies 		Education ^ -- -- -- --
Baba Jatadhari Agro (India) Pvt Ltd
Rationale / Rating Methodologies 		Agricultural Produce [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
Baba Jatadhari Agro (India) Pvt Ltd
Rationale / Rating Methodologies 		Agricultural Produce [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
Baba Jhareswar Multipurpose Himghar Private Limited
Rationale / Rating Methodologies 		Logistics [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
Baba Jhareswar Multipurpose Himghar Private Limited
Rationale / Rating Methodologies 		Logistics [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
Recent Releases
  • The Government Tele-communication Employees’ Co-operative Society Limited: Rating downgraded to [ICRA]D; remains in ‘Issuer Not cooperating’ category

    Rationale / 23 May 2019

  • Variety Lumbers Private Limited: Rating upgraded to [ICRA]C/A4

    Rationale / 23 May 2019

  • Uttar Pradesh Rajkiya Nirman Nigam Ltd.: Short term rating assigned at [ICRA]A3+; Long term rating reaffirmed

    Rationale / 23 May 2019

Read more
ICRA Special Comments
Insolvency And Bankruptcy Code May 2019; Financial Creditors Expected to Realise more than Rs 800 Billion through the IBC in FY2020
Corporate sector / May 2019 Value of M&A deals in hospital sector jumped by 155% in FY2019; highest in over five years: ICRA
Hospital / May 2019 Financial Markets & Banking Update April 2019; Goi – Fully Serviced Bond Issuances Supports Growth In Corporate Bond Issuance For Fy2019
Financial Markets & Banking Update / Apr 2019 Read more