List of issuers where there is a delay in carrying out the periodic surveillance

Entity Name Instrument Type Rated Amount
(Rs. crore)
Date of last
Rationale
Rating as per last Rationale Reason for delay
in carrying out
periodic review
Latest Rationale
Charoen Pokphand Seeds India Private Limited
Cash Credit 90 July 29, 2021 [ICRA]B+ISSUER NOT COOPERATING (Stable) ISSUER NOT COOPERATING Rationale
Term Loan 30 [ICRA]B+ISSUER NOT COOPERATING (Stable)
Divija Commercial Properties Pvt Ltd
Term Loan 2100 July 16, 2021 [ICRA]A- (Stable) Review process is underway Rationale
POWERGRID Infrastructure Investment Trust
Issuer rating 0.00 July 08, 2021 [ICRA]AAA (Stable) Review process underway Rationale
Bright Brothers Limited
Term Loan 8.97 July 30, 2021 [ICRA]BB+ (Stable) Review process underway Rationale
Short-term: Fund-based – Bill discounting 55 [ICRA]A4+
Janatics India Private Limited
Issuer rating 0.01 July 30, 2021 [ICRA]A (Stable) Issuer delayed in giving information Rationale
Vareli Tecnac Private Limited
Cash Credit 1 July 30, 2021 [ICRA]B+ISSUER NOT COOPERATING (Stable) ISSUER NOT COOPERATING Rationale
Bank Guarantee 10 [ICRA]A4ISSUER NOT COOPERATING
Divyasree Republic Of Whitefield Projects Pvt Ltd
Term Loan 80 July 13, 2021 [ICRA]BBB- (Stable) Review process is underway Rationale
EMS Infracon Pvt. Ltd.
Cash Credit 17 July 05, 2021 [ICRA]BBB+ (Stable) Review process in underway Rationale
Short Term- Non-fund Based 233 [ICRA]A2
Long-term/short-term unallocated 30 [ICRA]BBB+ (Stable) / [ICRA]A2
Ashirvad Pipes Private Limited
Long Term / Short Term - Fund based/Non Fund Based 540 July 27, 2021 [ICRA]AA (Stable) / [ICRA]A1+ Review process is underway Rationale
Aequitas Exports Private Limited
Term Loan 6 July 23, 2021 [ICRA]BB- (Stable) Issuer Not Cooperating Rationale
Cash Credit 1 [ICRA]BB- (Stable)
Short term fund-based 23 [ICRA]A4
Bhagwati Power & Steel Limited
Term Loan 9.92 July 12, 2021 [ICRA]A- (Stable) Review process is underway Rationale
Letter of Credit 20 [ICRA]A2+
Fund-based Working Capital Facilities 33.5 [ICRA]A- (Stable)
Non-fund Based - Forward contract 1 [ICRA]A2+
Unallocated Limits 10.58 [ICRA]A- (Stable)
Panama Wind Energy Private Limited
Term Loans 310 July 09, 2021 [ICRA]D Review process is underway Rationale
ESR Pune Industrial Park Private Limited
Term Loan 183 July 30, 2021 [ICRA]BBB (Stable) Information yet to be shared by the issuer Rationale
Long-term – Unallocated 17 [ICRA]BBB (Stable)
Mahalakshmi Infraprojects Private Limited
Cash Credit 30 July 30, 2021 [ICRA]BBB (Stable) Review process is underway Rationale
Short Term Non-Fund Based 220 [ICRA]A3+
Brookefields Estates Private Limited
Issuer rating 0.01 July 30, 2021 [ICRA]BBB+ (Stable) Issuer delayed in giving information Rationale
ESR Warehousing Pvt Ltd
Term Loan 18 July 30, 2021 [ICRA]BBB (Stable) Information yet to be shared by the issuer Rationale
Long-term – Unallocated 207 [ICRA]BBB (Stable)
ReNew Wind Energy (Varekarwadi) Private Limited
Term Loan 582.12 July 29, 2021 [ICRA]BBB+ (Stable) Information yet to be received Rationale
Long Term-Unallocated 0.88 [ICRA]BBB+ (Stable)
NED Energy Limited
Cash Credit 46 July 20, 2021 [ICRA]A-(CE) (Stable) Review process is underway Rationale
Non-fund based facility 18 [ICRA]A2+(CE)
Term Loan 2.5 [ICRA]A-(CE) (Stable)
Hecate Warehousing Private Limited
Term Loan 194.3 July 15, 2021 [ICRA]A (Stable) Review Process Underway Rationale
STUP Consultants Private Limited
Cash Credit 17 July 13, 2021 [ICRA]BBB+& Review process is underway Rationale
Bank Guarantee 68 [ICRA]BBB+&
Sandfits Foundries Private Limited
Term Loan 23.5 July 12, 2021 [ICRA]A- (Stable) Review under process Rationale
Non-Fund Based Limits 1.5 [ICRA]A2+
Cash Credit 25 [ICRA]A- (Stable)
Short Term - Fund Based 5 [ICRA]A2+
Long Term / Short Term - Unallocated 10 [ICRA]A- (Stable) / [ICRA]A2+
Abad Builders Private Limited
Fund-based – Overdraft 24 July 02, 2021 [ICRA]BB+ (Stable) Information yet to be shared by the Rationale
Term Loan 9.82 [ICRA]BB+ (Stable)
Unallocated Limits 1.18 [ICRA]BB+ (Stable)
Bhaurao Chavan Sahakari Sakhar Karkhana Limited
Fund-based Working Capital Facilities 10.62 July 30, 2021 [ICRA]B+ (Stable) Issuer Not Cooperating Rationale
Meera and Ceiko Pumps (P) Ltd.
Fund Based Cash Credit 2 July 30, 2021 [ICRA]BB+ (Stable) Issuer delayed in giving information Rationale
Non Fund based – Bank Guarantee 3.90 [ICRA]A4+
Unallocated Limits 18.1 [ICRA]BB+ (Stable) / [ICRA]A4+
Bills Discounting 6 [ICRA]A4+
Chemiloids Life Sciences Pvt. Ltd.
Fund Based Cash Credit 10 July 30, 2021 [ICRA]BB+ (Stable) Issuer delayed in giving information Rationale
Sonal Irons Industry Private Limited (erstwhile Sri Sri Rukmani Rolling Mill Private Limited)
Cash Credit 27.5 July 22, 2021 [ICRA]BB- (Stable) Review Process Underway Rationale
Term Loan 8.58 [ICRA]BB- (Stable)
Shraddha Energy and Infraprojects Pvt. Ltd
Term Loan 185.4 July 13, 2021 [ICRA]C Issuer Not Cooperating Rationale
Fund-based Working Capital Facilities 169.8 [ICRA]C
Unallocated Limits 54.8 [ICRA]C
Hyderabad Institute of Oncology Private Limited
Cash Credit 15 July 12, 2021 [ICRA]A (Stable) Issuer delayed in giving information Rationale
Unallocated Limits 43.3 [ICRA]A (Stable)
Term Loan 9.40 [ICRA]A (Stable)
Shyam Century Ferrous Limited
Fund based-Working Capital Facilities 30 July 08, 2021 [ICRA]BBB+ (Stable) Review Process Underway Rationale
Long Term Fund Based Limits/Short Term Non-Fund Based Limits* 4 [ICRA]A2+
Shree Durga Iron and Steel Co. Limited
Letter of Credit 25 July 30, 2021 [ICRA]A4 Issuer delayed in giving Rationale
Unallocated Limit 8 [ICRA]B (Stable) / [ICRA]A4
Tirupati Stonex Private Limited
Cash Credit 20 July 08, 2021 [ICRA]B+ (Stable) Issuer Not Cooperating Rationale
Term Loan 20 [ICRA]B+ (Stable)
Vaibhav Global Limited
Fund-based Limits 153 July 12, 2021 [ICRA]A (Stable) Review process is underway Rationale
Short-term – Non-fund based 5 [ICRA]A1
Mukand Sumi Special Steel Limited
Long-term Fund- based 50 July 06, 2021 [ICRA]A- (Stable) Review process is underway Rationale
Term Loans 100 [ICRA]A- (Stable)
Quess International Services Pvt Ltd.
Cash Credit 24 July 01, 2021 [ICRA]AA(CE) (Stable) Review process is underway Rationale
LT-Non Fund Based 1 [ICRA]AA(CE) (Stable)
ST-Fund Based 10 [ICRA]A1+(CE)
Vijayawada Municipal Corporation
Term Loan 154 July 16, 2021 [ICRA]BB+ISSUER NOT COOPERATING (Stable) Issuer Not Cooperating Rationale
Unallocated Limits 22 [ICRA]BB+ISSUER NOT COOPERATING (Stable)
MFX Infotech Private Limited
Fund Based Cash Credit 6 July 01, 2021 [ICRA]AA(CE) (Stable) Review process is underway Rationale
Greenpiece Landscapes India Pvt Ltd
Long term/Short term – Fund based 12 July 01, 2021 [ICRA]AA(CE) (Stable) / [ICRA]A1+(CE) Review process is underway Rationale
Short Term – Non-Fund Based 13 [ICRA]A1+(CE)
PMK Distillations Pvt Ltd.
Fund-based-limits 8.5 July 30, 2021 [ICRA]BB (Stable) Issuer delayed in giving information Rationale
Sri Dhanalakshmi Cotton & Rice Mills Pvt. Ltd.
Cash Credit 53.5 July 26, 2021 [ICRA]A (Stable) Issuer delayed in giving information Rationale
Short term fund-based 15 [ICRA]A1
Short Term - Non Fund Based 8 [ICRA]A1
Long Term – Unallocated 45.34 [ICRA]A (Stable)
VSP Industries Private Limited
Term Loan 34 July 21, 2021 [ICRA]A+ (Stable) Review process is underway Rationale
Harita Fehrer Limited
Cash Credit 15 July 12, 2021 [ICRA]A+ (Stable) Review process is underway Rationale
Fund based: Unallocated 24 [ICRA]A+ (Stable)
Non fund based facilities 4 [ICRA]A1
Suprajit Engineering Limited
Term Loans 40 November 09, 2021 [ICRA]AA (Stable) Review process is underway Rationale
Non-fund Based – Working Capital Facilities 2.10 [ICRA]A1+
Fund Based – Working Capital Facilities 217.65 [ICRA]AA (Stable)
Manmeet Alloys Private Limited
Cash Credit 15 July 30, 2021 [ICRA]B+ (Stable) Issuer not cooperating Rationale
Addi Alloys Private Limited
Cash Credit 11 July 30, 2021 [ICRA]B+ (Stable) Issuer not cooperating Rationale
Non-fund Based 3 [ICRA]A4
Betterman Engineers Private Limited
Cash Credit 6 July 20, 2021 [ICRA]B (Stable) Issuer delayed in giving information Rationale
Bank Guarantee 10 [ICRA]A4
Sri Krishna Pharmaceuticals Ltd.
Fund-based Working Capital Facilities 113 July 14, 2021 [ICRA]A- (Stable) Review process is underway Rationale
Term Loan 8.67 [ICRA]A- (Stable)
Non-fund Based – Working Capital Facilities 34 [ICRA]A2+
Mehsana District Co-Operative Milk Producers' Union Limited
Term Loan 40 July 29, 2021 [ICRA]AA+ (Stable) Review process is underway Rationale
Cash Credit 1560 [ICRA]AA+ (Stable)