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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?
(Yes/No) 		Whether review/appeal of the disclosed unaccepted rating was granted by ICRA.
(Yes/No) 		Remarks
(wherever applicable)
1 Gupta Solvent Private Limited Other Consumer Services Bank Facilities 245 10 May 2022 Unlisted [ICRA]BB+ (Stable)
2 Razack Trading Company Textiles & Apparels Bank Facilities 770 05 May 2022 Unlisted [ICRA]BB-(Stable)/[ICRA]A4
3 Port City Nidhi Limited Finance Fixed deposits 3000 02 May 2022 Unlisted MB+ (Stable)
4 Shree Translink (India) Private Limited Transport Services Issuer Rating 0 30 Apr 2022 Unlisted [ICRA]BB-(Stable)
5 RSB Transmissions (I) Ltd. Auto Components Issuer Rating 0 29 Apr 2022 Unlisted [ICRA]BBB- (Stable)
6 Ugro Capital Limited Finance Bank Facilities 500 21 Apr 2022 Listed [ICRA]A1
7 Sivaguru Spinning Mills Private Limited Textiles & Apparels Bank Facilities 250 20 Apr 2022 Unlisted [ICRA]B(Stable)/[ICRA]A4
8 Ozone Properties Private Limited Realty Bank Facilities 2850 17 Apr 2022 Unlisted [ICRA]BB (Stable)
9 Jindal Steel Odisha Limited Ferrous Metals Bank Facilities 157270 15 Apr 2022 Unlisted [ICRA]A+ (Stable)
10 Vindhyachal Distilleries Private Limited Beverages Bank Facilities 100 09 Apr 2022 Unlisted [ICRA]BBB-(Stable)/[ICRA]A3
11 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
12 Korlam Kantakapalle Expressways Private Limited Construction Bank Facilities 2400 07 Apr 2022 Unlisted [ICRA]BBB- (Stable)
13 Sandhya Aqua Exports Pvt. Limited Food Products Bank Facilities 1060 02 Apr 2022 Unlisted [ICRA]BBB (Stable)
14 Darpan Infrastructure Private Limited Construction Bank Facilities 56.7 01 Apr 2022 Unlisted [ICRA]BB- (Stable)/[ICRA]A4
15 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.