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Ratings assigned and not accepted (Archived)

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Sl. No. Name of the Issuer Sector Security/Instrument Type Issue Size
(In INR Million) 		Date of Non-Acceptance Listing Status
(Listed/Proposed to be listed/Unlisted) 		Rating assigned along with Outlook
(if any) 		Whether the rating was accepted by the issuer, subsequent to the disclosure of un-accepted ratings?
(Yes/No) 		Date of subsequent acceptance of final rating assigned Final rating accepted by the issuer Whether the issuer requested for a review/appeal subsequent to disclosure of unaccepted rating? Whether review/appeal of the disclosed unaccepted rating was granted by ICRA.
(Yes/No) 		Remarks
(wherever applicable)
1 Jandu Construction India Private Limited Construction Bank Facilities 100 05 Sep 2022 Unlisted [ICRA]BBB (Positive)/[ICRA]A3+
2 Windals Precision Private Limited Auto Components Bank Facilities 1902.8 05 Sep 2022 Unlisted [ICRA]BBB- (Stable)/[ICRA]A3
3 Dugar Finance and Investments Limited Finance Bank Facilities 450 01 Sep 2022 Unlisted [ICRA]BB+ (Stable)
4 P N Gadgil Jewellers Private Limited Consumer Durables Bank Facilities 500 29 Aug 2022 Unlisted [ICRA]BBB+ (Stable)
5 Bateli Tea Company Ltd. Agricultural Food & other Products Bank Facilities 0 25 Aug 2022 Listed [ICRA]A3
6 Alliance Projects Realty Bank Facilities 240 18 Aug 2022 Unlisted [ICRA]BBB-(Stable)
7 Sanskriti Society for Education Research and Development Other Consumer Services Bank Facilities 250 18 Aug 2022 Unlisted [ICRA]BB+(Stable)/[ICRA]A4+
8 Arun Shanti Education Trust Other Consumer Services Bank Facilities 2500 10 Aug 2022 Unlisted [ICRA]BB+(Stable)/[ICRA]A4+
9 CAE Simulation Training Private Limited* Other Consumer Services Bank Facilities 300 05 Aug 2022 Unlisted [ICRA]A (Stable)
10 Mathura Fibres and Cotton Industries Textiles & Apparels Bank Facilities 276.5 28 Jul 2022 Unlisted [ICRA]B+ (Stable)
11 Premier People Logistic Solutions Private Limited Transport Services Issuer Rating 0 28 Jul 2022 Unlisted [ICRA]BB (Stable)
12 Bebo International Agricultural Food & other Products Bank Facilities 400 28 Jul 2022 Unlisted [ICRA]BB (Stable)\[ICRA]A4
13 Oasys Cybernetics Private Limited IT - Services Bank Facilities 250 21 Jul 2022 Unlisted [ICRA]BBB(Stable)/[ICRA]A3+
14 Sparsh Foods India Private Limited Agricultural Food & other Products Bank Facilities 250 20 Jul 2022 Unlisted [ICRA]BB- (Stable)
15 Mecgale Pneumatics Private Limited Industrial Manufacturing Issuer Rating 0 15 Jul 2022 Unlisted [ICRA]BBB+ (Stable)
16 M J Biopharm Private Limited* Pharmaceuticals & Biotechnology Bank Facilities 1500 08 Jul 2022 Listed [ICRA]BB+ (Stable)/ [ICRA]A4+
17 Aludecor Lamination Pvt. Ltd. Other Construction Materials Bank Facilities 100 07 Jul 2022 Unlisted [ICRA]BBB (Stable)/[ICRA]A3+
18 H.N. Agrichain Private Limited Agricultural Food & other Products Bank Facilities 380 05 Jul 2022 Unlisted [ICRA]B(Stable) /[ICRA]A4
19 Edelweiss Housing Finance Limited Finance Series A1 ABS 746.9 04 Jul 2022 Unlisted Provisional [ICRA]AAA(SO) Rating in the absence of the pending actions/documents : No rating would have been assigned as it would not be meaningful The assigned rating is provisional and would be converted into a final rating upon the execution of: 1.Trust deed 2.Assignment agreement 3.Legal opinion 4.Trustee letter 5.Chartered Accountant’s Know Your Customer (KYC) certificate 6.Any other documents executed for the transaction
20 Natural Capsules Limited Pharmaceuticals & Biotechnology Bank Facilities 33.1 04 Jul 2022 Listed [ICRA]BBB (Stable)/ [ICRA]A3+ Enhanced limit ratings not accepted.
21 Himalayan Packaging Industries Private Limited Industrial Products Bank Facilities 190 29 Jun 2022 Unlisted [ICRA]BB (Stable)/A4
22 Bengal Faith Health Care Private Limited Healthcare Services Bank Facilities 500 29 Jun 2022 Unlisted [ICRA] D
23 M/s. Fab Tech Engineers Industrial Manufacturing Bank Facilities 70 27 Jun 2022 Unlisted [ICRA]BB- (Stable)/[ICRA]A4
24 Shree Chanakya Education Society Other Consumer Services Bank Facilities 400 14 Jun 2022 Unlisted [ICRA]BB+ (Stable)
25 T.C. Terrytex Limited Textiles & Apparels Bank Facilities 120 23 May 2022 Unlisted [ICRA] BBB-(Stable)/[ICRA]A3
26 Shree Pushkar Chemicals & Fertilisers Limited Chemicals & Petrochemicals Bank Facilities 310 23 May 2022 Listed [ICRA]A+(Positive)/[ICRA]A1
27 Saroj Landmark Realty LLP Realty Bank Facilities 1000 20 May 2022 Unlisted [ICRA]BBB-(Stable)
28 Balaji Malts Private Limited Industrial Products Bank Facilities 300 20 May 2022 Unlisted [ICRA]BBB(Stable)/[ICRA]A3+
29 Gupta Solvent Private Limited Other Consumer Services Bank Facilities 245 10 May 2022 Unlisted [ICRA]BB+ (Stable)
30 Razack Trading Company Textiles & Apparels Bank Facilities 770 05 May 2022 Unlisted [ICRA]BB-(Stable)/[ICRA]A4
31 Port City Nidhi Limited Finance Fixed deposits 3000 02 May 2022 Unlisted MB+ (Stable)
32 Shree Translink (India) Private Limited Transport Services Issuer Rating 0 30 Apr 2022 Unlisted [ICRA]BB-(Stable)
33 RSB Transmissions (I) Ltd. Auto Components Issuer Rating 0 29 Apr 2022 Unlisted [ICRA]BBB- (Stable)
34 Ugro Capital Limited Finance Bank Facilities 500 21 Apr 2022 Listed [ICRA]A1
35 Sivaguru Spinning Mills Private Limited Textiles & Apparels Bank Facilities 250 20 Apr 2022 Unlisted [ICRA]B(Stable)/[ICRA]A4
36 Ozone Properties Private Limited Realty Bank Facilities 2850 17 Apr 2022 Unlisted [ICRA]BB (Stable)
37 Jindal Steel Odisha Limited Ferrous Metals Bank Facilities 157270 15 Apr 2022 Unlisted [ICRA]A+ (Stable)
38 Vindhyachal Distilleries Private Limited Beverages Bank Facilities 100 09 Apr 2022 Unlisted [ICRA]BBB-(Stable)/[ICRA]A3
39 Sandhya Spinning Mill Limited Textiles & Apparels Bank Facilities 2740 07 Apr 2022 Unlisted [ICRA]A-(CE)(Stable)/[ICRA]A2+(CE),[ICRA]BB+(Stable)/[ICRA]A4+, without explicit credit enhancement NA
40 Korlam Kantakapalle Expressways Private Limited Construction Bank Facilities 2400 07 Apr 2022 Unlisted [ICRA]BBB- (Stable)
41 Sandhya Aqua Exports Pvt. Limited Food Products Bank Facilities 1060 02 Apr 2022 Unlisted [ICRA]BBB (Stable)
42 Darpan Infrastructure Private Limited Construction Bank Facilities 56.7 01 Apr 2022 Unlisted [ICRA]BB- (Stable)/[ICRA]A4
43 Foods and Inns Limited Food Products Bank Facilities 250 31 Mar 2022 Listed [ICRA]BB+(Stable)/ [ICRA]A4+

Disclaimers :

Please note that unaccepted ratings are not subject to the periodic monitoring/surveillance exercise and may not be representative of the current credit quality of the rated entity. Additionally, ICRA Ratings should not be treated as a recommendation to buy, sell, or hold the rated debt instruments. For ratings which were un-accepted by the Issuer prior to 1st February 2023, the status in column 9 to 14 is updated only if the respective event has occurred after 1st February 2023.

For ratings which are un-accepted by the Issuer on or after 1st February 2023, the status in column 9 to 14 is shown as on date of issue of this disclosure. The '*' sign denotes that rating has been accepted. All accepted ratings are subject to a process of surveillance, which may warrant a revision in ratings.

Please visit our website (https://www.icra.in) or contact any ICRA office for the latest information on ICRA outstanding Ratings. You may also refer to the current rating list (https://www.icra.in/Rating/Index) published on ICRA website for further information on rated instruments.