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

report-excel
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
Parksons Packaging Limited
Fund based Term Loan 90.85 May 07, 2024 [ICRA]AA- (Stable) Review process is underway Rationale
Fund Based Cash Credit 35.5 [ICRA]AA- (Stable) / [ICRA]A1+
Non Fund- based – Letter of Credit 12.0 [ICRA]A1+
Unallocated limits 6.65 [ICRA]AA- (Stable) / [ICRA]A1+
Versatile Engineers
Fund based Term Loan 1.5 May 02, 2024 [ICRA]B+ (Stable) Review process is underway Rationale
Fund Based Cash Credit 11.0 [ICRA]B+ (Stable)
Surya Alloy Industries Limited
Term Loan 13.89 May 24, 2024 [ICRA]B (Stable) Issuer delayed in providing information Rationale
Cash Credit 91.5 [ICRA]B (Stable)
Short term – Non-fund based – Others 50.77 [ICRA]A4
IRM Offshore and Marine Engineers Private Limited
Fund Based 15.0 May 17, 2024 [ICRA]BBB+ (Stable) Review process is underway Rationale
Non fund based 9.95 [ICRA]A2
Fund based/Non Fund based 33.0 [ICRA]BBB+ (Stable) / [ICRA]A2
Unallocated 17.05 [ICRA]BBB+ (Stable) / [ICRA]A2
TCPL Packaging Limited
Long-term fund-based – Term Loan 10.0 May 27, 2024 [ICRA]A (Stable) Review process is underway Rationale
Karnataka Water and Sanitation Pooled Fund
Term Loan 362.43 May 23, 2024 [ICRA]AA-(CE) (Stable) Review process is underway Rationale
Tata Community Initiatives Trust
Non fund based 2.09 May 13, 2024 [ICRA]A (Stable) Review process is underway Rationale
Proposed Non-fund based limits 2.91 [ICRA]A (Stable)
L&T Sargent & Lundy Limited
Unallocated Limits 5.0 May 17, 2024 [ICRA]AA (Stable) / [ICRA]A1+ Review process is underway Rationale
Bank Guarantee 20.0 [ICRA]AA (Stable) / [ICRA]A1+
MPlastics Toys and Engineering Private Limited
Term Loan 105.0 May 08, 2024 [ICRA]BBB+ (Stable) Review process is underway Rationale
Fund Based 60.0 [ICRA]A2
Non fund based 20.0 [ICRA]A2
Micro Plastics Private Limited
Long-Term – Fund Based 100.0 May 08, 2024 [ICRA]BBB+ (Stable) Review process is underway Rationale
Long-term/Short-term – unallocated 2.3 [ICRA]BBB+ (Stable) / [ICRA]A2
Short Term Fund Based Limit 30.0 [ICRA]A2
Term Loan 48.0 [ICRA]BBB+ (Stable)
Long term Non Fund Based limits 15.0 [ICRA]BBB+ (Stable)
Short term non fund based limits 40.0 [ICRA]A2
IBM India Private Limited
Long-Term Interchangeable 6.0 May 08, 2024 [ICRA]AA+ (Negative) Issuer delayed in providing information Rationale
Non-fund Based 170.0 [ICRA]A1+
VT Emobility Private Limited
Term Loan 69.86 May 28, 2024 [ICRA]A- (Stable) Review process underway Rationale
Long-term – Non-fund Based 32.4 [ICRA]A- (Stable)
Indo Count Industries Limited
Cash Credit 1260.0 June 10, 2025 [ICRA]AA- (Stable) Review process underway Rationale
Term Loan 246.06 [ICRA]AA- (Stable)
Short-Term Non-Fund Based Limits 137.0 [ICRA]A1+
Unallocated Limits 120.3 [ICRA]AA- (Stable) / [ICRA]A1+
Sharadha Terry Products Private Limited
Long-term/Short-term - Fund-based/ Non-fund Based Limits 55.0 May 24, 2024 [ICRA]A+ (Stable) / [ICRA]A1+ Review process underway Rationale
Unallocated 30.0 [ICRA]A+ (Stable) / [ICRA]A1+
Ganesh Consumer Products Limited
Long-term Fund-based Working Capital facilities 140.0 April 30, 2024 [ICRA]A+ (Stable) Review process underway Rationale
Long-Term/ Short-Term Non-Fund Based Working Capital Facilities 5.0 [ICRA]A+ (Stable) / [ICRA]A1
Kokhraj Handia Expressway Private Limited
Long Term - Fund Based Term Loan 1600.0 April 24, 2024 [ICRA]AA (Stable) Review process underway Rationale
Long Term Non-fund Based Bank Guarantee 30.0 [ICRA]AA (Stable)
NED Energy Limited
Fund Based Cash Credit 7.0 May 13, 2025 [ICRA]BBB- (Stable) Client has not shared information Rationale
Non fund based 3.0 [ICRA]A3
Shree Khodiyar Oil Industries
Cash Credit 15.0 April 30, 2024 [ICRA]DISSUER NOT COOPERATING ISSUER NOT COOPERATING Rationale
Siddhraj Infrabuild Pvt. Ltd.
Cash Credit 2.5 April 26, 2024 [ICRA]BISSUER NOT COOPERATING (Stable) ISSUER NOT COOPERATING Rationale
Term Loan 3.0 [ICRA]BISSUER NOT COOPERATING (Stable)
Short term- Non fund based- Ohers 1.32 [ICRA]A4ISSUER NOT COOPERATING
Shiv Cotton Industries- Tankara
Term Loan 1.5 April 26, 2024 [ICRA]DISSUER NOT COOPERATING ISSUER NOT COOPERATING Rationale
Cash Credit 5.0 [ICRA]DISSUER NOT COOPERATING
Suraj Laboratories Private Limited
Term Loan 50.0 April 26, 2024 [ICRA]BB- (Stable) Issuer Not Cooperating Rationale
Fund Based Cash Credit 20.0 [ICRA]BB- (Stable)
Shree Raghuvanshi Fibers Private Limited
Term Loan 1.5 April 26, 2024 [ICRA]DISSUER NOT COOPERATING ISSUER NOT COOPERATING Rationale
Cash Credit 25.0 [ICRA]DISSUER NOT COOPERATING
Short Term- Fund Based-Cash Credit 0.35 [ICRA]DISSUER NOT COOPERATING
Protac Foods International Private Limited
Term Loan 18.0 April 26, 2024 [ICRA]DISSUER NOT COOPERATING ISSUER NOT COOPERATING Rationale
Cash Credit 4.0 [ICRA]DISSUER NOT COOPERATING
Ganapathi Stone Crusher
Cash Credit 6.0 April 26, 2024 [ICRA]B+ISSUER NOT COOPERATING (Stable) ISSUER NOT COOPERATING Rationale
Non-fund Based 7.0 [ICRA]A4ISSUER NOT COOPERATING
Revathi Modern Rice Mill LLP
Cash Credit 12.0 April 26, 2024 [ICRA]B+ISSUER NOT COOPERATING (Stable) ISSUER NOT COOPERATING Rationale
Unallocated Limit 0.70 [ICRA]B+ISSUER NOT COOPERATING (Stable)
Term Loan 0.30 [ICRA]B+ISSUER NOT COOPERATING (Stable)
Shirpur-Warvade Municipal Council
Fund-based- Term Loan 1.9 April 25, 2024 [ICRA]BB+ISSUER NOT COOPERATING (Stable) ISSUER NOT COOPERATING Rationale
Long Term – Unallocated 5.78 [ICRA]BB+ISSUER NOT COOPERATING (Stable)
Techscape Infopark Private Limited (Formerly known as Carnival Soft Private Limited)
Term Loan 200.0 April 22, 2024 [ICRA]DISSUER NOT COOPERATING ISSUER NOT COOPERATING Rationale
SKH Metals Limited
Term Loan 261.37 April 18, 2024 [ICRA]A- (Stable) Review process underway Rationale
Non fund based 10.0 [ICRA]A2+
Fund based - Working Capital Facilities 260.0 [ICRA]A- (Stable) / [ICRA]A2+
Bhartiya City Residences Private Limited
Fund based Term Loan 600.0 April 15, 2024 [ICRA]BBB- (Stable) Review process is underway Rationale
Scottish Chemical Industries
Cash Credit 30.0 April 12, 2024 [ICRA]B+ISSUER NOT COOPERATING (Stable) ISSUER NOT COOPERATING Rationale
Unallocated 15.0 [ICRA]B+ISSUER NOT COOPERATING (Stable) / [ICRA]A4ISSUER NOT COOPERATING
Minera Steel and Power Private Limited
Term Loan 70.38 April 02, 2024 [ICRA]A+ (Stable) Review process is underway Rationale
Cash Credit 48.0 [ICRA]A+ (Stable)
Short Term – Non-Fund Based 201.0 [ICRA]A1
Unallocated Limits 10.62 [ICRA]A+ (Stable) / [ICRA]A1
Hughes Communications India Private Limited
Long term/Short term -Fund-based limits 49.0 April 30, 2024 [ICRA]A- (Stable) / [ICRA]A1 Review process is underway Rationale
Long term/Short term -Non fund based limits 150.0 [ICRA]A- (Stable) / [ICRA]A1
HCIL Comtel Private Limited
Fund Based Limits 24.0 April 30, 2024 [ICRA]A- (Stable) / [ICRA]A1 Review process is underway Rationale
Unallocated Limits 3.0 [ICRA]A- (Stable) / [ICRA]A1
Non Fund Based Limits 190.0 [ICRA]A- (Stable) / [ICRA]A1
Sigma Electric Manufacturing Corporation Private Limited
Long-term / short-term – fund-based/non-fund based 212.5 April 23, 2024 [ICRA]A- (Stable) / [ICRA]A2+ Review process is underway Rationale
Linkwell Telesystems Private Limited
Cash Credit 85.0 April 03, 2024 [ICRA]A+ (Stable) Review underway Rationale
Unallocated Limits 60.38 [ICRA]A+ (Stable) / [ICRA]A1+
Non Fund Based Limits 294.4 [ICRA]A1+
Term Loan 60.22 [ICRA]A+ (Stable)
P.R.Nayak Associates Pvt Ltd
Fund Based Cash Credit 34.0 April 30, 2024 [ICRA]BB+ (Stable) Issuer Not Cooperating Rationale
NTF (INDIA) PRIVATE LIMITED
Term Loan 102.0 April 29, 2024 [ICRA]BBB+ (Stable) Rating under Withdrawal process Rationale
Fund-based Limits – Cash Credit 140.0 [ICRA]BBB+ (Stable)
Non Fund Based Limits 34.0 [ICRA]A2
Chennai Fresh Foods
Fund Based Cash Credit 37.0 April 24, 2024 [ICRA]B+ (Stable) Issuer Not Cooperating Rationale
Fund based Term Loan 6.5 [ICRA]B+ (Stable)
Mawana Sugars Limited
Working capital facilities 350.0 April 23, 2024 [ICRA]BBB (Stable) / [ICRA]A3+ Review process is underway Rationale
Lalganj Power Pvt. Ltd
Term Loan 231.06 April 23, 2024 [ICRA]BBB+ (Stable) Withdrawal process is underway Rationale
Unallocated 6.71 [ICRA]BBB+ (Stable)
Telangana Publications Private Limited
Fund Based Cash Credit 13.0 April 10, 2024 [ICRA]BBB- (Stable) Review process is underway Rationale
Term Loan 30.0 [ICRA]BBB- (Stable)
Short Term Non Fund Based 12.0 [ICRA]A3
Proposed Fund based Long term/Short-term 10.5 [ICRA]BBB- (Stable) / [ICRA]A3
In-Solutions Global Limited
Cash Credit 33.0 April 05, 2024 [ICRA]BBB (Stable) Review process in underway Rationale
Term Loan 9.0 [ICRA]BBB (Stable)