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
S & P Feeds Private Limited
Rationale / Rating Methodologies 		Poultry ^ -- -- -- --
S & S Technocrats Private Limited
Rationale / Rating Methodologies 		Miscellaneous ^ -- -- -- --
S & T Mining Company Private Limited
Rationale / Rating Methodologies 		Mining [ICRA]BBB+ ISSUER NOT COOPERATING -- -- -- Stable
S & T Mining Company Private Limited
Rationale / Rating Methodologies 		Mining [ICRA]BBB+ ISSUER NOT COOPERATING -- -- -- Stable
S & T Mining Company Private Limited
Rationale / Rating Methodologies 		Mining [ICRA]BBB+ ISSUER NOT COOPERATING -- -- -- Stable
S A Iron & Alloys Private Limited
Rationale / Rating Methodologies 		Miscellaneous [ICRA]BB ISSUER NOT COOPERATING -- -- -- Stable
S A Iron & Alloys Private Limited
Rationale / Rating Methodologies 		Miscellaneous -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
S A Iron & Alloys Private Limited
Rationale / Rating Methodologies 		Miscellaneous [ICRA]BB ISSUER NOT COOPERATING -- -- -- Stable
S B & T Designs Limited
Rationale / Rating Methodologies 		Miscellaneous -- -- ^ -- --
S B & T International Limited
Rationale / Rating Methodologies 		Miscellaneous ^ -- ^ -- --
S C Chemicals
Rationale / Rating Methodologies 		Miscellaneous * -- * -- --
S C Motors
Rationale / Rating Methodologies 		Automobile Dealerships ^ -- -- -- --
S D Bansal Iron & Steel Private Limited
Rationale / Rating Methodologies 		Ferrous metals ^ -- -- -- --
S D Rice Mills
Rationale / Rating Methodologies 		Agricultural Produce [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
S J Contracts Private Limited
Rationale / Rating Methodologies 		Construction ^ -- ^ -- --
S K Marketing
Rationale / Rating Methodologies 		Miscellaneous ^ -- ^ -- --
S Kant Healthcare Ltd.
Rationale / Rating Methodologies 		Pharmaceuticals ^ -- ^ -- --
S Kumars Nationwide Limited
Rationale / Rating Methodologies 		Textiles * -- * -- --
S M Rolling Works
Rationale / Rating Methodologies 		Auto Ancillaries ^ -- ^ -- --
S M Steels
Rationale / Rating Methodologies 		Trading [ICRA]BB+ -- -- -- Stable
S M Steels
Rationale / Rating Methodologies 		Trading [ICRA]BB+ -- [ICRA]A4+ -- Stable
S M Steels
Rationale / Rating Methodologies 		Trading -- -- [ICRA]A4+ -- --
S N Tradelink Private Limited
Rationale / Rating Methodologies 		Trading [ICRA]BB- -- [ICRA]A4 -- Stable
S P Developers and Decorators
Rationale / Rating Methodologies 		Miscellaneous [ICRA]B+ -- [ICRA]A4 -- --
S R Ashok & Associates Private Limited
Rationale / Rating Methodologies 		Construction ^ -- -- -- --
S R R Jewels
Rationale / Rating Methodologies 		Miscellaneous -- -- ^ -- --
S S Comfort Systems Private Limited
Rationale / Rating Methodologies 		Construction ^ -- ^ -- --
S V Creditline Limited
Rationale / Rating Methodologies 		Microfinance Institution [ICRA]BBB- -- -- -- Stable
S V Creditline Limited
Rationale / Rating Methodologies 		Microfinance Institution [ICRA]BBB- -- -- -- Stable
S V Creditline Limited
Rationale / Rating Methodologies 		Microfinance Institution [ICRA]BBB- -- -- -- Stable
S V Creditline Limited
Rationale / Rating Methodologies 		Microfinance Institution -- -- * -- --
S V Creditline Limited
Rationale / Rating Methodologies 		Microfinance Institution [ICRA]BBB+(SO)! -- -- -- --
S V Ispat Private Limited
Rationale / Rating Methodologies 		Mining ^ -- ^ -- --
S&IB Services Private Limited
Rationale / Rating Methodologies 		Manpower Outsourcing and Security Services [ICRA]BBB+ -- [ICRA]A2+ -- Stable
S&IB Services Private Limited
Rationale / Rating Methodologies 		Manpower Outsourcing and Security Services [ICRA]BBB+ -- -- -- Stable
S&IB Services Private Limited
Rationale / Rating Methodologies 		Manpower Outsourcing and Security Services -- -- [ICRA]A2+ -- --
S&IB Services Private Limited
Rationale / Rating Methodologies 		Manpower Outsourcing and Security Services [ICRA]BBB+ -- -- -- Stable
S&J Granulate Solutions (P) Ltd
Rationale / Rating Methodologies 		Tyres [ICRA]D -- -- -- --
S&P Infrastructure Developers Private Limited
Rationale / Rating Methodologies 		Construction [ICRA]BB ISSUER NOT COOPERATING -- -- -- Stable
S&P Infrastructure Developers Private Limited
Rationale / Rating Methodologies 		Construction -- -- [ICRA]A4+ ISSUER NOT COOPERATING -- --
S&P Infrastructure Developers Private Limited
Rationale / Rating Methodologies 		Construction -- -- [ICRA]A4+ ISSUER NOT COOPERATING -- --
S&P Structurals Private Limited
Rationale / Rating Methodologies 		Construction * -- * -- --
S&S Green Projects Green Fields
Rationale / Rating Methodologies 		Real estate ^ -- -- -- --
S&S Infra Management India Private Limited
Rationale / Rating Methodologies 		Building materials ^ -- -- -- --
S. A. Exports
Rationale / Rating Methodologies 		Seafoods ^ -- ^ -- --
S. C. Shah Enterprises.
Rationale / Rating Methodologies 		Trading ^ -- ^ -- --
S. D. Corporation Private Limited
Rationale / Rating Methodologies 		Miscellaneous -- -- Provisional[ICRA]A1+(SO)& -- --
S. D. Corporation Private Limited
Rationale / Rating Methodologies 		Miscellaneous -- -- [ICRA]A1+(SO)& -- --
S. D. Corporation Private Limited
Rationale / Rating Methodologies 		Miscellaneous [ICRA]AA-(SO)& -- -- -- --
S. H. Ispat Udyog Private Limited
Rationale / Rating Methodologies 		Miscellaneous ^ -- ^ -- --
S. J. Logistics (India) Limited (erstwhile S. J. Logistics (India) Pvt. Ltd.)
Rationale / Rating Methodologies 		Port support services * -- -- -- --
S. K. Exports (Lower Parel)
Rationale / Rating Methodologies 		Footwear and leather products [ICRA]BB- ISSUER NOT COOPERATING -- [ICRA]A4 ISSUER NOT COOPERATING -- Stable
S. K. Exports (Lower Parel)
Rationale / Rating Methodologies 		Footwear and leather products [ICRA]BB- ISSUER NOT COOPERATING -- -- -- Stable
S. K. S. Educational and Social Trust
Rationale / Rating Methodologies 		Education [ICRA]BBB ISSUER NOT COOPERATING -- -- -- Stable
S. K. S. Educational and Social Trust
Rationale / Rating Methodologies 		Education [ICRA]BBB ISSUER NOT COOPERATING -- -- -- Stable
S. Nanda Industries Pvt. Ltd.
Rationale / Rating Methodologies 		Miscellaneous [ICRA]D ISSUER NOT COOPERATING -- -- -- --
S. Nanda Industries Pvt. Ltd.
Rationale / Rating Methodologies 		Miscellaneous [ICRA]D ISSUER NOT COOPERATING -- -- -- --
S. Narayana Reddy
Rationale / Rating Methodologies 		Construction [ICRA]BB+ ISSUER NOT COOPERATING -- -- -- Stable
S. Narayana Reddy
Rationale / Rating Methodologies 		Construction -- -- [ICRA]A4+ ISSUER NOT COOPERATING -- --
S. P. Jaiswal Estates Private Limited
Rationale / Rating Methodologies 		Tourism Hotels and restaurant [ICRA]B+ ISSUER NOT COOPERATING -- [ICRA]A4 ISSUER NOT COOPERATING -- Stable
S. Satyanarayana & Co.
Rationale / Rating Methodologies 		Miscellaneous ^ -- ^ -- --
S. Venugopala Reddy
Rationale / Rating Methodologies 		Real estate [ICRA]BB+ -- -- -- Stable
S. Venugopala Reddy
Rationale / Rating Methodologies 		Real estate [ICRA]BB+ -- -- -- Stable
S. Venugopala Reddy
Rationale / Rating Methodologies 		Real estate [ICRA]BB+ -- -- -- Stable
S.A. Anandan Spinning Mills Pvt. Ltd.
Rationale / Rating Methodologies 		Textiles ^ -- ^ -- --
S.A.M Apparels Pvt. Limited
Rationale / Rating Methodologies 		Textiles -- -- [ICRA]A4 -- --
S.A.M Apparels Pvt. Limited
Rationale / Rating Methodologies 		Textiles -- -- [ICRA]A4 -- --
S.A.N. Garment Manufacturing Private Limited
Rationale / Rating Methodologies 		Textiles -- -- [ICRA]A3 -- --
S.A.N. Garment Manufacturing Private Limited
Rationale / Rating Methodologies 		Textiles -- -- [ICRA]A3 -- --
S.A.N. Garment Manufacturing Private Limited
Rationale / Rating Methodologies 		Textiles [ICRA]BBB- -- -- -- Negative
S.A.N. Garment Manufacturing Private Limited
Rationale / Rating Methodologies 		Textiles [ICRA]BBB- -- -- -- Negative
S.B Equipments
Rationale / Rating Methodologies 		Miscellaneous ^ -- ^ -- --
S.B. Cars Private Limited
Rationale / Rating Methodologies 		Automobile Dealerships [ICRA]BB- ISSUER NOT COOPERATING -- -- -- Stable
S.B. Sahoo & Co. Pvt. Ltd.
Rationale / Rating Methodologies 		Trading [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
S.B. Syscon Private Limited
Rationale / Rating Methodologies 		Trading ^ -- -- -- --
S.D. Education Trust
Rationale / Rating Methodologies 		Education [ICRA]D ISSUER NOT COOPERATING -- -- -- --
S.E. Builders and Realtors Limited
Rationale / Rating Methodologies 		Real estate [ICRA]BBB+ -- -- -- Stable
S.Gopal Kamath (Cochin) Private Limited
Rationale / Rating Methodologies 		Distributors * -- * -- --
S.K Foods
Rationale / Rating Methodologies 		Agricultural Produce [ICRA]BB+ ISSUER NOT COOPERATING -- -- -- Stable
S.K. Agarwalla
Rationale / Rating Methodologies 		Construction ^ -- ^ -- --
S.K. Agros
Rationale / Rating Methodologies 		Agricultural Produce [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
S.K. Agros
Rationale / Rating Methodologies 		Agricultural Produce [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
S.K. Corporation
Rationale / Rating Methodologies 		Real estate * -- * -- --
S.K. Exports
Rationale / Rating Methodologies 		Textiles -- -- [ICRA]A4 -- --
S.K. Exports
Rationale / Rating Methodologies 		Textiles -- -- [ICRA]A4 -- --
S.K. Exports
Rationale / Rating Methodologies 		Textiles -- -- [ICRA]A4 -- --
S.K. Gold Chain Company Private Limited
Rationale / Rating Methodologies 		Gems and jewellery ^ -- -- -- --
S.K. Heights Private Limited
Rationale / Rating Methodologies 		Real estate [ICRA]D ISSUER NOT COOPERATING -- -- -- --
S.K. Polyfoams Pvt. Ltd.
Rationale / Rating Methodologies 		Miscellaneous ^ -- ^ -- --
S.K. Rice Industries
Rationale / Rating Methodologies 		Agricultural Produce ^ -- -- -- --
S.K. Solvex Private Limited
Rationale / Rating Methodologies 		Miscellaneous [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
S.K.Cotton Industries
Rationale / Rating Methodologies 		Textiles [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
S.K.Cotton Industries
Rationale / Rating Methodologies 		Textiles [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
S.K.L. Exports
Rationale / Rating Methodologies 		Textiles [ICRA]BB ISSUER NOT COOPERATING -- [ICRA]A4 ISSUER NOT COOPERATING -- Stable
S.K.L. Exports
Rationale / Rating Methodologies 		Textiles [ICRA]BB ISSUER NOT COOPERATING -- [ICRA]A4 ISSUER NOT COOPERATING -- Stable
S.K.R. Constructions
Rationale / Rating Methodologies 		Construction [ICRA]BB+ ISSUER NOT COOPERATING -- [ICRA]A4+ ISSUER NOT COOPERATING -- Positive
S.K.R. Constructions
Rationale / Rating Methodologies 		Construction [ICRA]BB+ ISSUER NOT COOPERATING -- -- -- Positive
S.K.Somaiya College of Arts, Science & Commerce
Rationale / Rating Methodologies 		Education ^ -- -- -- --
S.K.T.Textile Mills
Rationale / Rating Methodologies 		Textiles [ICRA]BB+ -- -- -- Stable
S.K.T.Textile Mills
Rationale / Rating Methodologies 		Textiles -- -- [ICRA]A4+ -- --
Recent Releases
  • Saroja Aviation Limited: [ICRA]B-(Stable) rating assigned

    Rationale / 19 Mar 2019

  • Dhanalakshmi Srinivasan Charitable and Educational Trust: [ICRA]D rating assigned

    Rationale / 19 Mar 2019

  • Satya MicroCapital Ltd.: Ratings withdrawn for pass through certificates (PTCs) issued under a micro loan securitisation transaction

    Rationale / 19 Mar 2019

Read more
ICRA Special Comments
Indian Bulk Tea Industry; Rise In Labour Expenses Adversely Impacted Operating Profitability Of Bulk Tea Players During The First Nine Months Of The Current Financial Year
Bulk Tea / Mar 2019 Power Sector; Approval Of The High Level Empowered Committee Recommendations Positive For Resolution Of The Stressed Thermal Ipps: Icra
Power / Mar 2019 Indian Pharma Market; Trade Margin-Based Price Control On 42 Cancer Drugs Unlikely To Have Any Adverse Impact On Drug Manufacturers
Pharmaceuticals / Mar 2019 Read more