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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
INCKAH Infrastructure Technologies Private Limited
Fund Based Cash Credit 10.0 January 22, 2024 [ICRA]BBB- (Stable) Issuer delayed in giving information Rationale
Bank Guarantee 55.0 [ICRA]A3
Mehsana District Co-Operative Milk Producers' Union Limited
Short-term Non-fund Based Limit 25.0 January 10, 2024 [ICRA]A1+ Review process is underway Rationale
Long-term Fund-based – Cash Credit/Working Capital Limits 1570.0 [ICRA]AA+ (Stable)
Long-term/ Short-term – Unallocated Limits 5.0 [ICRA]AA+ (Stable) / [ICRA]A1+
Gurnani Hotels Private Limited
Long-term – Fund-based – Term loans 250.0 January 02, 2024 [ICRA]BB (Stable) Review process is underway Rationale
TRW Sun Steering Wheels Pvt. Ltd.
Long-term – Fund-based 2.9 December 28, 2023 [ICRA]B+ISSUER NOT COOPERATING (Stable) ISSUER NOT COOPERATING Rationale
Non-Fund Based Limits 1.0 [ICRA]A4ISSUER NOT COOPERATING
Unallocated Limits 4.01 [ICRA]B+ISSUER NOT COOPERATING (Stable) / [ICRA]A4ISSUER NOT COOPERATING
Mobismart Card Technology Private Limited
Term Loan 19.5 December 28, 2023 [ICRA]B+ISSUER NOT COOPERATING (Stable) ISSUER NOT COOPERATING Rationale
Cash Credit 3.7 [ICRA]B+ISSUER NOT COOPERATING (Stable)
Unallocated Limits 0.30 [ICRA]B+ISSUER NOT COOPERATING (Stable) / [ICRA]A4ISSUER NOT COOPERATING
Neo Paper Mill Private Limited
Long term: Unallocated 3.89 December 28, 2023 [ICRA]B-ISSUER NOT COOPERATING (Stable) ISSUER NOT COOPERATING Rationale
Fund Based Cash Credit 1.14 [ICRA]B-ISSUER NOT COOPERATING (Stable)
Term Loans 4.97 [ICRA]B-ISSUER NOT COOPERATING (Stable)
Bhagabati Build & Constructions Pvt. Ltd.
Cash Credit 7.35 December 28, 2023 [ICRA]BISSUER NOT COOPERATING (Stable) ISSUER NOT COOPERATING Rationale
Non fund based 3.0 [ICRA]A4ISSUER NOT COOPERATING
Vareli Tecnac Private Limited
Cash Credit 1.0 December 28, 2023 [ICRA]B+ISSUER NOT COOPERATING (Stable) ISSUER NOT COOPERATING Rationale
Bank Guarantee 10.0 [ICRA]A4ISSUER NOT COOPERATING
Pasolite Electricals Pvt Ltd
Fund Based Cash Credit 8.0 December 28, 2023 [ICRA]B+ISSUER NOT COOPERATING (Stable) ISSUER NOT COOPERATING Rationale
S. P. Jaiswal Estates Private Limited
Cash Credit 8.5 December 28, 2023 [ICRA]B+ISSUER NOT COOPERATING (Stable) ISSUER NOT COOPERATING Rationale
Term Loan 30.4 [ICRA]B+ISSUER NOT COOPERATING (Stable)
Non fund based 2.0 [ICRA]A4ISSUER NOT COOPERATING
Unallocated Limits 24.1 [ICRA]B+ISSUER NOT COOPERATING (Stable) / [ICRA]A4ISSUER NOT COOPERATING
Ramkumar Mills Private Limited
Long Term Fund based 19.0 December 28, 2023 [ICRA]B+ISSUER NOT COOPERATING (Stable) ISSUER NOT COOPERATING Rationale
Term Loan 1.59 [ICRA]B+ISSUER NOT COOPERATING (Stable)
Short-term Non Fund-based Limits 4.0 [ICRA]A4ISSUER NOT COOPERATING
Unallocated Limits 0.80 [ICRA]B+ISSUER NOT COOPERATING (Stable) / [ICRA]A4ISSUER NOT COOPERATING
Optics & Allied Engg Pvt. Ltd
Long-Term Fund based/CC 3.5 December 28, 2023 [ICRA]B+ISSUER NOT COOPERATING (Stable) ISSUER NOT COOPERATING Rationale
Long-term - Fund-based TL 4.0 [ICRA]B+ISSUER NOT COOPERATING (Stable)
Our Co. Infrastructure Developers Private Limited
Fund Based – Term Loan 84.0 December 28, 2023 [ICRA]DISSUER NOT COOPERATING ISSUER NOT COOPERATING Rationale
Apm Infrastructure Private Limited
Fund-based – CC 8.5 December 28, 2023 [ICRA]BISSUER NOT COOPERATING (Stable) ISSUER NOT COOPERATING Rationale
Non-fund Based 7.0 [ICRA]A4ISSUER NOT COOPERATING
Welcome Distilleries Pvt. Ltd.
Untied Limits 13.2 December 28, 2023 [ICRA]B+ISSUER NOT COOPERATING (Stable) / [ICRA]A4ISSUER NOT COOPERATING ISSUER NOT COOPERATING Rationale
Cash Credit 16.8 [ICRA]B+ISSUER NOT COOPERATING (Stable)
Non fund based 2.0 [ICRA]A4ISSUER NOT COOPERATING
Balaji Industrial and Agricultural Castings Private Limited
Long-term Cash Credit 2.6 December 27, 2023 [ICRA]BISSUER NOT COOPERATING (Stable) ISSUER NOT COOPERATING Rationale
Long-term/short-term unallocated 0.40 [ICRA]BISSUER NOT COOPERATING (Stable) / [ICRA]A4ISSUER NOT COOPERATING
Short Term- Non-fund Based 18.0 [ICRA]A4ISSUER NOT COOPERATING
Bangalore Metallurgicals Private Limited
Cash Credit 6.0 December 27, 2023 [ICRA]B+ISSUER NOT COOPERATING (Stable) ISSUER NOT COOPERATING Rationale
Term Loan 1.5 [ICRA]B+ISSUER NOT COOPERATING (Stable)
CTR Manufacturing Industries Private Limited
Cash Credit 52.0 December 22, 2023 [ICRA]A+ (Stable) Review under Process Rationale
Bills Discounting 20.0 [ICRA]A1
Short Term- Non-fund Based 52.0 [ICRA]A1
Panchsheel Solvent Private Limited
Term Loan 12.25 December 18, 2023 [ICRA]DISSUER NOT COOPERATING ISSUER NOT COOPERATING Rationale
Cash Credit 12.5 [ICRA]DISSUER NOT COOPERATING
Tractebel Engineering Private Limited
Long term/Short term - Fund based/Non Fund based 120.0 December 15, 2023 [ICRA]A- (Stable) / [ICRA]A2+ Delay in providing information Rationale
ASB Projects Limited
Term Loan 12.5 December 29, 2023 [ICRA]B+ISSUER NOT COOPERATING (Stable) ISSUER NOT COOPERATING Rationale
Unallocated 2.5 [ICRA]B+ISSUER NOT COOPERATING (Stable)
A. K. L. Infracon Pvt Ltd
Cash Credit 5.5 December 28, 2023 [ICRA]B+ISSUER NOT COOPERATING (Stable) ISSUER NOT COOPERATING Rationale
Non fund based 5.5 [ICRA]A4ISSUER NOT COOPERATING
Highco Engineers Private Limited
Fund Based Cash Credit 4.0 December 22, 2023 [ICRA]B+ISSUER NOT COOPERATING (Stable) ISSUER NOT COOPERATING Rationale
Untied Limit 3.22 [ICRA]B+ISSUER NOT COOPERATING (Stable)
Fund-based Term Loan 9.78 [ICRA]B+ISSUER NOT COOPERATING (Stable)
Lapp India Private Limited
Fund based/Non-fund based- Working Capital Facilities 70.0 December 14, 2023 [ICRA]A (Stable) / [ICRA]A2+ Review process is underway Rationale
Term Loan 26.0 [ICRA]A (Stable)
Valvoline Cummins Private Limited
Long term/Short term - Fund based/Non Fund based 15.0 December 29, 2023 [ICRA]AA+ (Stable) / [ICRA]A1+ Review process is underway Rationale
Long term - Fund based 100.0 [ICRA]AA+ (Stable)
Long-term/short-term - Unallocated Limits 35.0 [ICRA]AA+ (Stable) / [ICRA]A1+
Transasia Bio-medicals Limited
Fund based/Non Fund based 92.0 December 28, 2023 [ICRA]A+ (Stable) / [ICRA]A1 Issuer delayed in giving information Rationale
Tag Corporation
Term Loan 25.0 December 26, 2023 [ICRA]B+ISSUER NOT COOPERATING (Stable) ISSUER NOT COOPERATING Rationale
Working capital facilities 25.0 [ICRA]B+ISSUER NOT COOPERATING (Stable)
Non-fund based bank facilities 50.0 [ICRA]A4ISSUER NOT COOPERATING
ISGEC Heavy Engineering Limited
Long-term fund-based working capital facilities 600.0 December 19, 2023 [ICRA]AA (Stable) Review process is underway Rationale
Short-term Non-fund Based – Working Capital Facilities 3800.17 [ICRA]A1+
Fund based/Non Fund based 1099.83 [ICRA]AA (Stable) / [ICRA]A1+
Long-term fund-based Term Loan 50.0 [ICRA]AA (Stable)
Okinawa Autotech Internationall Private Limited
Term Loan 4.0 December 28, 2023 [ICRA]B+ISSUER NOT COOPERATING (Stable) ISSUER NOT COOPERATING Rationale
Long Term / Short Term - Fund based/Non Fund Based 40.0 [ICRA]B+ISSUER NOT COOPERATING (Stable) / [ICRA]A4ISSUER NOT COOPERATING
Shruthi Milk Products (P) Ltd
Cash Credit 15.0 December 22, 2023 [ICRA]DISSUER NOT COOPERATING ISSUER NOT COOPERATING Rationale
Short-term – Non-fund based 0.06 [ICRA]DISSUER NOT COOPERATING
Term Loan 5.94 [ICRA]DISSUER NOT COOPERATING
Jubilant Motorworks Private Limited
Fund-based – Cash Credit/Overdraft 104.5 December 04, 2024 [ICRA]A- (Stable) Review process is underway Rationale
Fund Based Limits-Inventory Funding 398.1 [ICRA]A2+
Non-fund based Limits: Bank Guarantee 38.5 [ICRA]A2+
Sundaram Asset Management Company Limited
Sundaram Corporate Bond Fund 0.0 May 10, 2024 [ICRA]AAAmfs Review process underway Rationale
Short-term bank facilities 5.36 [ICRA]A1+
Sundaram Liquid Fund 0.0 [ICRA]A1+mfs
Sundaram Banking & PSU Debt Fund 0.0 [ICRA]AAAmfs
Sundaram Overnight Fund 0.0 [ICRA]A1+mfs
Sundaram Money Market Fund 0.0 [ICRA]A1+mfs
Sundaram Ultra Short Duration Fund 0.0 [ICRA]A1+mfs
Term Loan 100.0 [ICRA]AA (Stable)
Yati Overseas Private Limited
Fund Based 75.0 December 29, 2023 [ICRA]A2 Review Process underway Rationale
Non fund based 5.0 [ICRA]A2
Raj Overseas
Short term fund-based 100.0 December 29, 2023 [ICRA]A2 Review Process underway Rationale
Short-term – Unallocated limits 2.0 [ICRA]A2
Sundaram Alternate Assets Limited
Term Loan 39.0 December 29, 2023 [ICRA]AA (Stable) Review process underway Rationale
Short Term - Unallocated 5.0 [ICRA]A1+
Sm Electronic Technologies Pvt. Ltd.
Cash Credit 20.0 December 28, 2023 [ICRA]BBB (Stable) Work in Progress Rationale
Unallocated 2.07 [ICRA]BBB (Stable) / [ICRA]A3+
Term Loan 1.58 [ICRA]BBB (Stable)
VS Lignite Power Private Limited
lLong term - Unallocated 157.35 December 27, 2023 [ICRA]BBB- (Stable) Review process is underway Rationale
Long Term – Fund Based – Term Loan 97.65 [ICRA]BBB- (Stable)
Visakhapatnam Port Logistics Park Ltd
Term Loan 91.51 December 26, 2023 [ICRA]B- (Stable) Review process underway Rationale
Haldiram Marketing Pvt. Ltd.
Cash Credit 28.0 December 18, 2023 [ICRA]A+ (Stable) Review Process underway Rationale
Term Loan 18.0 [ICRA]A+ (Stable)
Haldiram Manufacturing Company Private Limited
Cash Credit 35.0 December 18, 2023 [ICRA]A+ (Stable) Review Process underway Rationale
Bank Guarantee 11.0 [ICRA]A1+
Haldiram Products Private Limited
Cash Credit 42.5 December 18, 2023 [ICRA]A+ (Stable) Review Process underway Rationale