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Line of Credit Rating (Basel II) ICRA As on June 22, 2011 Company Name Long Term Short Term A B Gold Private Limited LBB (Stable) A B Grain Spirits Private Limited LBB A B Grain Spirits Private Limited LBB+ (SO) A4+ (SO) A B Motions Private Limited LBB(stable) A G Aerovision Electronics Private Limited LB A4 Educational Trust LB A S Cargo Movers Private Limited LB+ A S Enterprise A4+ A S Moloobhoy & Sons LBBB-(Stable) A3 A.H. Memorial Educational Trust LBBB-(stable) A.S.T. Pipes Private Limited LBB- (Stable) A4 AAA Paper Marketing Limited LB+ A4 Aakash Tiles Private Limited LB A4 Aanjaneya Biotech Limited LBB+(Stable) Aarti Drugs Limited LBBB+(Stable) A2 Aarti Infra Projects Private Limited LBB(Stable) Aarti International Limited LBBB+(stable) A2+ Aarti Steels Limited LBBB+(Stable) A2+ AB Sugars Limited LBB+(stable) Abbott Cold Storages Private Limited LBB+ (Stable) ABC Industries LBB+ (Stable) ABC Leathers A4+ Abha Power and Steel Private Limited LB Abhay Ispat (India) Pvt. Ltd. LBB+(stable) A4+ Abhi Ani Trading Private Limited LBB-(Stable) A4 Abhisar Buildwell Private Limited LA+(SO)@ A1(SO)@ Abhishek Corporation Limited ^ ^ Abhyudaya Educational Trust LB (Stable) ABI Showatech (India) Limited LA+(Stable) A1+ Abir Infrastructure Private Limited LBBB (Stable) ABP Private Limited LA+ (Stable) A1+ ABS Mercantile Private Limited LBB (Stable) A4 ABT Limited LBBB+(Stable) A2+ ABW Infrastructure Limited LBB+(Stable) ABW Suncity LBB (Stable) Acalmar Oils and Fats Limited LBBB- (Stable) A3 Accelerated Freeze Drying Company Limited LB A4 Accent Metals Private Limited LBB (Stable) A4 Accutest Research Laboratories (India) Private Limited LB (Stable) A4 ACE Designers Limited LA+ (Stable) A1+ Acer India Private Limited LAA- A1+ Acknit Industries Limited LBB (Stable) A4 Acme Telecom Assets Limited LA-(Stable) ACPL Exports (P) Limited LBB (stable) Acropetal Technologies Limited LBBB- (Stable) A3 Acrysil Limited LBBB-(Positive) A3 Action Ginni Devi Cancer Hospital LBB(Stable) Action Industrial Corporation LBBB- (Stable) A3 Action International LBBB-(stable) A3
Transcript
Page 1: icra

Line of Credit Rating (Basel II)

ICRA As on June 22, 2011

Company Name Long Term Short Term

A B Gold Private Limited LBB (Stable)

A B Grain Spirits Private Limited LBB

A B Grain Spirits Private Limited LBB+ (SO) A4+ (SO)

A B Motions Private Limited LBB(stable)

A G Aerovision Electronics Private Limited LB A4A M Kanniappa Mudaliar & A M K Jambulinga Mudaliar

Educational Trust LB

A S Cargo Movers Private Limited LB+

A S Enterprise A4+

A S Moloobhoy & Sons LBBB-(Stable) A3

A.H. Memorial Educational Trust LBBB-(stable)

A.S.T. Pipes Private Limited LBB- (Stable) A4

AAA Paper Marketing Limited LB+ A4

Aakash Tiles Private Limited LB A4

Aanjaneya Biotech Limited LBB+(Stable)

Aarti Drugs Limited LBBB+(Stable) A2

Aarti Infra Projects Private Limited LBB(Stable)

Aarti International Limited LBBB+(stable) A2+

Aarti Steels Limited LBBB+(Stable) A2+

AB Sugars Limited LBB+(stable)

Abbott Cold Storages Private Limited LBB+ (Stable)

ABC Industries LBB+ (Stable)

ABC Leathers A4+

Abha Power and Steel Private Limited LB

Abhay Ispat (India) Pvt. Ltd. LBB+(stable) A4+

Abhi Ani Trading Private Limited LBB-(Stable) A4

Abhisar Buildwell Private Limited LA+(SO)@ A1(SO)@

Abhishek Corporation Limited ^ ^

Abhyudaya Educational Trust LB (Stable)

ABI Showatech (India) Limited LA+(Stable) A1+

Abir Infrastructure Private Limited LBBB (Stable)

ABP Private Limited LA+ (Stable) A1+

ABS Mercantile Private Limited LBB (Stable) A4

ABT Limited LBBB+(Stable) A2+

ABW Infrastructure Limited LBB+(Stable)

ABW Suncity LBB (Stable)

Acalmar Oils and Fats Limited LBBB- (Stable) A3

Accelerated Freeze Drying Company Limited LB A4

Accent Metals Private Limited LBB (Stable) A4

Accutest Research Laboratories (India) Private Limited LB (Stable) A4

ACE Designers Limited LA+ (Stable) A1+

Acer India Private Limited LAA- A1+

Acknit Industries Limited LBB (Stable) A4

Acme Telecom Assets Limited LA-(Stable)

ACPL Exports (P) Limited LBB (stable)

Acropetal Technologies Limited LBBB- (Stable) A3

Acrysil Limited LBBB-(Positive) A3

Action Ginni Devi Cancer Hospital LBB(Stable)

Action Industrial Corporation LBBB- (Stable) A3

Action International LBBB-(stable) A3

Page 2: icra

Company Name Long Term Short Term

Action Ispat & Power Private Limited LBBB-(Stable) A3

Action Retail Ventures Private Limited LBB (Stable)

Adam & Coal Resources Private Limited A3+

Adani Agri Logistics Limited LBBB-(stable)

Adani Agrifresh Limited LBB+ (Stable) A4+

Adani Energy Limited * *

Adani Gas Limited LBBB+(Stable) A2+

Adani Logistics Limited LBBB-(Stable)

Adani Petronet (Dahej) Port Private Limited LBBB-(Positive)

Adani Power Limited LBBB (Stable) A2

Adani Power Maharashtra Limited LBBB (Stable)

Adani Wilmar Limited LBBB+(Stable) A2+

Adarsh Engi-Tech Projects Private Limited LBB+(Stable) A4+

Adarsh Prime Projects Private Limited *

Adcock Ingram Limited LBBB(SO)(Stable) A2(SO)

ADF Foods Limited LA-(stable) A1

Adhaya Steels Private Limited LBB-(stable) A4

Adilabad Expressway Private Limited LBBB-(Negative)

Adinath Re rolling Private Limited ^

Adisankara Spinning Mills Private Limited LA- (Stable) A1

Aditi Rice Mills Private Limited LC+

Aditya Auto Products & Engineering (India) Private Limited LBBB(stable) A2

Aditya Birla Nuvo Limited LAA+(stable) A1+

Aditya Birla Retail Limited LBBB+ A2+

Adlec Systems Private Limited LBB+(Stable) A4+

Advance Valves Global LBBB (stable) A3+

Advanced Micronics Devices Limited LAA(SO)@ A1+(SO)@

Advantec Coils Private Limited LBB (Negative) A4

Advin Tradefin Private Limited LBB-(Stable) A4

Adwaith Textiles Limited LBB (Stable)

Aegan Industries Private Limited LB A4

Aeon Telectronics Private Limited ^ ^

Aerens Goldsouk International Limited LBB+(stable)

Aerostar Helmets Limited ^ ^

Afcons Infrastructure Limited LAA (Stable) A1+

AG Granites Private Limited A3

AG Industries (Bawal) Private Limited LAA (SO)(Stable

AG Industries Private Limited LAA (Stable) A1+

Agarwal Company LBB- (stable)

Agarwalla Commercial *

AGC Networks Limited LAA-(stable) A1+

Aggarwal Iron & Steel Company LB+

Agile Electric Sub Assembly Private Limited LBBB-(Stable) A3

Agmatel India Private Limited ^ ^

Agni Steels Private Limited LBB (Stable) A4

Agrawal Education Mandal LC

Agrawal Indotex Limited ^ ^

Agrawal Infrabuild Private Limited LBBB-(Stable) A3

Agri Fiber Limited LBB (Stable) A4

Agro Dutch Industries Limited LD A5

Agrocel Industries Limited LBBB (Stable) A3+

Agroflex Reinforce Inc. LBB-(Stable) A4

Agsons Agencies (I) Private Limited LBB (Stable) A4

Ahmedabad Strips Private Limited LBB+ (Stable) A4+

AIPL Ambuja Housing and Urban Infrastructure Limited LBB+(Stable)

Page 3: icra

Company Name Long Term Short Term

Airolam Limited LB+ A4

Ajax Flori Engineering (India) Private Limited LBBB+(Stable) A2+

Ajay Enterprises Private Limited LBBB+(Stable) A3+

Ajay Industrial Corporation ^

Ajay Plastic Industries LBBB- (Stable) A3

Ajay Polymers LBB- (Stable) A4

Ajeet & Company LBB (Stable) A4

Ajeet Seeds Limited LBB+(stable)

Ajnara Farms and Services Limited LBBB-

Ajnara India Limited LBBB- (stable)

AJS Impex Private Limited LBB+(Stable) A4+

Akarsh Exports LBBB-(Stable)

Akasaka Electronics Limited LA (SO) (Stable) A1 (SO)

Akash Ceramics Private Limited LBBB-(stable) A3

Aksh Technologies Limited LBB (Stable) A4

Akshar Impex A4

Akshay Aluminium Alloys ^ ^

Akshay Insulated Conductors LBB (Stable) A4

Akums Drugs and Pharmaceuticals Limited LA- (Stable) A1

Al Gyas Exports Private Limited A3

Alamelu Balaji Spinning Mills Private Limited LBB (Stable) A4

Albright & Wilson Chemicals India Limited

LBBB-(SO)

(Negative) A3(SO)

Albright & Wilson Chemicals India Limited LBB (Stable) A4

Alcon Resorts Holdings Limited LBB+ (Stable)

ALD Automotive Private Limited

LAAA(SO)

(Negative)

Alex Panels LBBB-(Stable) A3

Alkali Metals Limited LBBB-(Stable) A3

Alliance Palms Developers and Constructions Private Limited LB+

Alliance Polysacks Private Limited LBB- (Stable) A4

Allied Digital Services Limited LA+ (Stable) A1+

Allied Medical Limited ^ ^

Allied Poles (India) Limited LBB+(Stable) A4+

Allied Vyapar Private Limited LB+ A4

ALM Industries Limited LBB+ (Stable) A4+

Aloka Exports LBBB-(Stable) A3

ALP Overseas Private Limited LC A5

Alpha Services ^ ^

Alphageo (India) Limited LB+ A4

Alpine Housing Development Corporation Limited LB+

Alstom Projects India Limited LAA(stable) A1+

Altius Management Advisors Private Limited LB+(Stable)

Altron Industries Private Limited LAA (SO) @

Alupro Building Systems Private Limited LBBB- (Stable) A3

Alva´s Education Foundation LB

Alwar Power Company Private Limited LBB (Stable)

AMA Industries Private Limited LBB (Stable) A4

Amalgamated Plantations Private Limited LA+ (Stable)

Amaravathi Spinning Mills (Rajapalayam) Private Limited LB A4

Amardeep Designs LBB- (stable) A4

Amardeep Seating Systems LBB-(stable) A4

Amartex Industries Limited ^

Ambalika Institute of Management and Technology LBB(stable)

Amber Enterprises India Private Limited LA-(Stable) A2+

Ambica Fabrics Private Limited LBB (Stable) A4

Ambika Cotton Mills Limited LBBB-(Stable) A3

Page 4: icra

Company Name Long Term Short Term

Ambuja Realty Development Limited LBB(stable)

Ambuthirtha Power Private Limited LBBB-(stable) A3

AMCL Machinery Limited LBBB (negative) A3+

Amethyst Hospitality Private Limited LBB- (Stable)

Amethyst Town Planners Private Limited LBB-(stable)

Amgoorie India Limited LA+(Stable) A1+

Amiantit Fiberglass Industries Private Limited LBBB-(Stable) A3

Amira (Foods) India Limited LBBB- A3

Amit Brothers Private Limited LBB-(Stable)

Amit Medicos ^ ^

Amko Exports LBB(stable)

Amman Granites A4+

Amneal Pharmaceuticals Company (India) Pvt. Limited ^

Amod Stampings Private Limited LBB(stable) A4+

Amoda Spintex Limited LB

Ample Technologies Private Limited LBB+(stable) A4+

AMR Power Private Limited LBB(stable)

Amrapali Sapphire Developers Private Limited LBB+(Stable)

Amrapali Zodiac Developers Private Limited LB+

Amricon Agrovet Private Limited LBBB - (Stable) A3

Amrit Feeds Limited LBBB (Stable) A3+

Amrith Educational & Cultural Society LC

Amrut Gems LBBB- (Stable) A3

Anand Education & Research Trust LB-

Anand Motor Products Private Limited * *

Anand Nishikawa Company Limited A4+ LBB+ (Stable)

Anand NVH Products Private Limited ^ ^

Anand Prakash Ankit Kumar LB+

Anand Rathi Commodities Limited A2+ (SO)

Anand Rathi Financial Services Limited LA-(stable) A2+

Anand Rathi Stock & Shares Brokers Limited LA-(stable) A2+

Anand Silk Mills ^

Anand Teknow Aids Engineering India Limited LBB- (Stable) A4

Anant Raj Industries Limited LBBB+(Stable)*

Andhra Petrochemicals Limited LA- (Stable) A2+

Andhra Pradesh Central Power Distribution Company Limited LA- A2+

Andhra Pradesh Central Power Distribution Company Limited LA- A2+

Andhra Sugars Limited LA- (Stable) A1

Andritz Hydro Private Limited LA+(Stable) A1+

Angadpal Industries Private Limited LBB (Stable) A4

Anglo French Drugs & Industries Limited LBBB- (Stable) A3+

Aniket Metals Private Limited LBB- (Stable)

Anil Construction Company LBB+(Stable) A4+

Anil Special Steel Industries Limited LBB+(Stable) A4+

Ankit Diamonds A4

Ankit International LBB (Stable) A4

Ankit Metal & Power Limited LBB A4

Anmol Biscuits Limited LA- (Stable)

Anmol Steel Processors Private Limited LBB+(stable) A4+

Annapurna Studios Private Limited LBBB-(Stable)

Annur Satya Textile Limited LB+ A4

Anojkumar Agarwala & Company LBB+(Stable) A4+

Anoop Forgings Private Limited LB- A4

Anrose Pharma LBB (Stable)

Ansal Buildwell Limited LBB+(Stable)

Page 5: icra

Company Name Long Term Short Term

Ansaldo STS Transportation Systems India Private Limited LA(SO) A1(SO)

Anshul Specialty Molecules Limited LBB+(stable) A4+

Anshul Steels Limited LB A4

Antique Marbonite. Pvt. Ltd LBBB+(Stable) A2+

Anu´s Laboratories Limited LBBB(Stable) A3+

Anubhav Hydel Power Private Limited LBB*

Anugraha Valve Castings Limited LBBB (Stable) A2

Anuh Pharma Limited LBBB (Positive) A2

Anupam Traders LBB-(Stable)

Anupama Steels Limited ^ ^

Anusaya Auto Press Parts Private Limited LBBB-(Stable) A3

Aparant Iron and Steel Private Limited LBB- (stable) A4

Aparna Infra Private Limited LBB+(Stable)

Apcotex Industries Limited LBBB+ (Stable) A2+

Apeejay Shipping Limited LAA-(Stable) A1+

Apeejay Surrendra Park Hotels Limited LA+(Stable)

Apeejay Tea Limited LA+ A1+

Apex Construction Company LBB+(Stable) A4+

Apex Drugs and Intermediates Limited LBBB-(Stable) A3

Apex Encon Projects Private Limited LA-(Stable)

APL Apollo Tubes Limited LBBB+(Stable) A2+

APL Engineering Services Private Limited LBB-(stable) A4

Apollo Hospital International Limited LBBB-(stable)

Apollo International Limited LBBB+(Stable) A2+

Apollo Logisolutions Limited LBBB+ (SO) Stable A2+ (SO)

APPL Industries Limited LBBB (stable) A2

Apple Commodities Limited LBB+(Stable) A4+

APR Sacks Limited LBBB- (Stable) A3

Aptech Limited LA+ (Stable) A1+

Aptus Biosciences Private Limited LB+

Aptus Value Housing Finance India Limited LBBB-(Stable)

Aradhna Fabrics Private Limited LBB(Stable)

Aravali Infrapower Limited ^ ^

Arch Pharmalabs Limited LA (Stable)

Archidply Industries Limited LB+ A4

Archies Limited LA (Stable) A1

Arcotech Limited LBBB- (stable) A3

Arcoy Bio Refinery Private Limited LB+

Argo Systems FZE LBB- (Stable) A4

Aria Hotels and Consultancy Services Private Limited LBBB-(Stable)

Arihant Prakashan LBB-(Stable)

Arihant Publication (India) Private Limited LBB-(Stable)

Arkay Energy (Rameswaram) Limited LBBB+(Stable) A2+

Arkay Glenrock Private Limited LB+ A4

Armstrong (India) Construction LBB- (Stable) A4

Arnav Industries Private Limited LBBB-(Stable)

Aroma Biotech Private Limited LBB (Stable)

Aroma Organics Limited LBB(stable) A4

Arora Fashions Limited * *

Arrah Re-Rolling Mill Private Limited LB+

Arraycom India Limited LBB-(Stable) A4

Artefact Infrastructure Limited LB

Artefact Projects Limited LC

Artemis Medicare Services Private Limited LBBB-(Stable)

Artex Apparels * *

Page 6: icra

Company Name Long Term Short Term

Artistique Ceramics Private Limited LBB+(Stable) A4+

Arun Spinning Mills Private Limited LBB-(stable) A4

Arunkumar Jamnadas Ashar A4+

Aruppukottai Shri Ramalinga Spinners Private Limited LB A4

Aruppukottai Shri Vijayalakshmi Textile Mills Private Limited LB- A4

Arush Industries LBB+(Stable) A4+

Arvind Motors Private Limited LBB+(stable)

Arvindbhai Bechardas Jewellers Private Limited LBBB-(Stable)

ARVS Constructions Private Limited *

Arya Alloys Private Limited LBB (Stable) A4

Arya Iron & Steel Company Private Limited LBBB- (Stable) A3

Arya Ship Breaking Company Private Limited LBB+ A4+

Arya Ship Breaking Corporation LBB (Stable) A4

Aryan Paper Mills Private Limited LBB(stable) A4

ASA International India Microfinance Private Limited LBBB- &

Asaco Private Limited LB+ A4

Ascot Footwear A4

Asha Ispat Private Limited LBB- (Stable)

Ashapura Garments Limited LBBB+ A2

Ashco Niulab Industries Limited LC A5

Ashiana Housing Limited LBBB(stable)

Ashok Auto Sales Limited LBBB-(Stable)

Ashok Distillers & Chemicals Private Limited LBBB- (Stable) A3Ashok Leyland John Deere Construction Equipment Company

Private Limited LA(stable) A1

Ashok Leyland Limited LAA-(Positive) A1+

Ashtech Infotech Private Limited LBBB-(Stable) A3

Ashwini Infradevelopments Private Limited LBBB- (Stable)

Asia Woven Sacks Private Limited LBB (Stable) A4

Asian Peroxides Limited LBB-(Stable) A4

ASL Fortune Private Limited ^

ASP Sealing Products Limited LBB+(Stable) A4+

Aspen International Private Limited LBBB (Stable) A2

Associate High Pressure Technologies Private Limited LBB- (Stable) A4

Associated Electricals (Gzb) Private Limited LBB(Stable) A4

Associated Hotels Private Limited LB A4

Associated Road Carriers Limited LA+ (Stable)

Associates Nonwovens ^ ^

Assotech BEBL Infrastructure Private Limited LBB+ (Stable)

ASTA India Private Limited LBBB- (Stable) A3

Astec LifeSciences Limited LBBB (Stable) A3+

Aster Building Solutions Private Limited LBBB+ (SO) A2 (SO)

Aster Infrastructure Private Limited LBBB-(Stable)

Aster Teleservices Pvt. Ltd LA-(Stable) A2+

Astha Projects (India) Limited LBBB-(stable)

Astral Pharmaceutical Industries LBBB (Stable) A3+

Asvini Fisheries Private Limited LBB-(stable) A4

AT Hydro Private Limited *

Athena Energy Ventures Private Limited LBBB-(Stable) A3

Atibir Hi-tech Private Limited LBB (Stable)

Atibir Industries Company Limited LBB+ (stable) A4+

Atlantis Products Private Limited LBB-(Stable) A4

Atlas Cycles (Haryana) Limited LBBB (stable) A3+

Atma Ram Mela Ram Steels Private Limited LBB-(Stable)

Atom Ceramic LBB- (Stable) A4

Attar Constructions Company Private Limited A4

Page 7: icra

Company Name Long Term Short Term

Atul Auto Limited LBBB(Stable) A2

Audco India Limited LAA(Stable) A1+

Aurigene Discovery Technologies Private Limited LAA+(SO)(stable) A1+(SO)

Auro Gold Jewellery Private Limited LBB+ (Stable) A4+

Auroglobal Comtrade Private Limited A4+

Auto Carriage Private Limited LBB (Stable)

Autocomp Corporation Panse Private Limited LBB+(Stable) A4+

Autometers Alliance Limited LA- (Stable) A1

Automotive Axles Limited LA+(Stable)

Automotive Coaches and Components Limited LB+ A5

Avadh Cotex Private Limited LB+

Avadh Fibers Private Limited LB+

Avani Petrochemicals Private Limited LBBB- (Stable) A3

Aventura Components Private Limited LBB (Stable) A4

AVG Motors Limited LBBB (Stable) A3+

AVI Oil India Private Limited LA(stable) A1

Avid Apparel Industries A4

Avinash Ramakrishna Developers Private Limited LB+

Avnash Automobiles Private Limited LBB- (Stable)

Avnija Properties Limited LAA-(Stable) A1+

Avon Ispat and Power Limited ^ ^

Avon Meters Private Limited LBB (Stable) A4

AVR Swarnamahal Jewelry Private Limited LBB+(Stable)

AVT McCormick Ingredients Private Limited LBBB+ (Stable) A2+

AVT Natural Products Limited LBBB+ (Stable) A2+

Axa Parenterals Limited LBBB-(Stable) A3

Axis Ad Print Media (India) Limited LBBB-(Stable) A3

Axis Structurals Private Limited LBBB-(Stable) A3

Ayyan Fireworks Factory Private Limited LBB (Stable)

Ayyappa Infra Projects Private Limited LBBB- (Stable) A3

B Arvindkumar & Company *

B C Exports A4

B Fouress (P) Limited LA (Stable) A1

B G Shirke Construction Technology Private Limited LBBB (Stable) A3+

B L Kapur Memorial Hospital LB

B Nehal LB+ A4

B S Sea Foods Limited LB A4

B V Bio Corp Limited LBBB+ (Stable) A2+

B Vijaykumar & Company A4+

B.P.Sangle Constructions Private Limited LBB+(stable) A4+

Baba Arts Limited LBBB-(Stable)

Baba Smelters Private Limited LBB+(Stable) A4+

Baba Strip & Tubes Private Limited LBB+ (Stable) A4+

Baba Structural Private Limited LB+ A4

Bafna Motors (Mumbai) Private Limited LBB-(stable)

Bagadia Properties Pvt. Ltd LBB-(Stable)

Bagga Link Motors Limited LBB+(stable) A4+

Baheti Metal & Ferro Alloys Limited LBB+(stable) A4+

Baid Texknit Private Limited LBB (Stable) A4

Bait Al Tamur LBB+(Stable) A4+

Bajaj Capital Limited LBBB (Stable)

Bajaj Electricals Limited LA+(Stable) A1+

Bajaj International Private Limited A4+

Bajaj Kagaj Limited ^ ^

Bajaj Motors Limited LA+(Stable) A1

Page 8: icra

Company Name Long Term Short Term

Bal Pharma Limited LBB-(Stable) A4

Balajee Infratech & Constructions Private Limited LBBB- (Stable) A3

Balaji Action Buildwell LBB+(Stable)

Balaji Agro Oils Limited LBB+ A4+

Balaji Exports Co A4+

Balaji Iron & Steel Industries Private Limited LBB- (Stable) A4

Balaji Powertronics LA- A1

Balar Synthetics Private Limited ^ ^

Balarama Krishna Spinning Mills Private Limited LBB (Stable) A4

Balkrishna Textiles Private Limited LBB (Stable)

Ballard Steels Private Limited LBB-(stable) A4

Balmer Lawrie & Company Limited LAA (Stable) A1+

Balmer Lawrie Van Leer Limited LA-(Stable) A2+

Balmukund Sponge & Iron Limited LBBB- (Stable) A3

Balprada Hotels and Hospitality Services Private Limited LBB (Stable) A4

Balrampur Chini Mills Limited LAA-(stable) A1+

Balu India LB+ A4

Banbury Impex Private Limited A4+

Banco Products (India) Limited LA+(Stable) A1+

Bangalore International Airport Limited LBBB+ (Stable)

Bangalore Surgicals LBBB (Stable) A3+

Banik Rubber Industries LBBB+ (Stable) A2+

Bankey Lal Jagdish Prasad LBB-(Stable) A4

Bansal Alloys & Metals Private Limited LBBB-(stable) A3

Bansal Construction Works LBB+(Stable) A4+

Bansal Extraction & Exports Pvt. Ltd. LB-(stable) A4

Bansal Industries LB-

Bansal Iron & Steel Rolling Mills LBB+(stable)

Bansal Precision Forge Limited LBB-(Stable) A4

Bansal Realtech Limited LBB (Stable) A4

Bansal Sales LBB-(stable)

Banspani Iron Limited ^ ^

Barbate Automotive India Private Limited LBB(Stable) A4

Barflex Polyfilms Private Limited LBBB- (Stable) A3

Baroda Textile Effects Limited LA(SO)(stable) A1(SO)

Basaveshwar Electricals and Engineers ^

Basera Enclave Makers Private Limited LBB- (Stable)

Bassaiya Steel Corporation LBB (Stable) A4

Bata India Limited LAA (Stable)

Bavtawala Iron & Steels Pvt Ltd LBB- (Stable) A4

BBIPL Infrastructure (India) Private Limited ^ ^

BCC Estates Private Limited LBB+(Stable)

BD & P Hotels (India) Private Limited LC

BDS Projects India Private Limited LBB (Stable) A4

Bedmutha Industries Limited LBB (Stable) A4

Beekay Overseas ^

BEKEM Infra Projects Private Limited LBBB (Stable)

Belco Pharma LBB (Stable) A4

Belgaum Wind farm Private Limited LBBB-

Bella Jewelry Private Limited A4

BEML Limited LAA+(Stable) A1+

BEML Limited LAA+(Stable) A1+

Bengal Ambuja Housing Development Limited LBBB+(stable)

Bengal Shrachi Housing Development Limited LBB+ (Stable)

Bengani Exports (India) Private Limited LBB (Stable) A4

Page 9: icra

Company Name Long Term Short Term

Bengani Food Products Private Limited LBB (Stable) A4

Benlon India Limited LBBB-(Stable) A3

Beria Commercial Impex Private Limited A4

Bericap India Private Limited LBB(Stable) A4

Best India Tobacco Suppliers Private Limited LBB A4

Best Textiles Private Limited LB+ A4

Bestech Hospitalities Private Limited LBB+(Stable)

Bestech India Private Limited LBBB- (stable) A3

BGR Energy Systems Limited LA(Positive) A1

Bhadra Enterprises LB+

Bhagwan Mahavir Education Foundation LBB (Stable)

Bhagwat Wire Industries LBBB- (Stable) A3

Bhagwati Enterprises LBB-(Stable) A4

Bhagwati Power & Steel Limited LBB+(Stable) A4+

Bhagwati Rice Mill (P) Ltd LBB-(Stable)

Bhagwati Rice Mills LB

Bhagwati Steel Corporation LBB (Stable) A4

Bhagyanagar Chlorides Private Limited LBB-(Stable)

Bhandary Powerlines Private Limited LB- A4

Bhansali & Company A3

Bhansali Bright Bars Private Limited LBB(Stable) A4

Bharat Bijlee Limited LAA (Stable) A1+

Bharat Box Factory Limited LC

Bharat Carriers Limited LB- A5

Bharat Cottage Industries LBB-(Stable) A4

Bharat Electronics Limited LAAA (Stable) A1+

Bharat Fashions & Apparels A4+

Bharat Forge Limited LAA-(Stable) A1+

Bharat Fritz Werner Limited LBBB+(Stable) A2

Bharat Iron Syndicate LBB- (Stable) A4

Bharat Mines and Minerals LBBB@ A2@

Bharat Motors limited LBB+ (Stable)

Bharat Rail Automations Private Limited LBB(stable) A4

Bharat Seats Limited LA-(stable) A2+

Bharat Ship Breakers Corporation LBB (Stable) A4

Bharat Silks A4

Bharat Tissus Private Limited A4

Bharat Udyog Limited LBB+(Stable) A4+

Bharath Auto Cars Private Limited LBB+(Stable) A4+

Bharath Builders LBB (Stable)

Bharatkumar Indrasen Trading Private Limited LBB (Stable) A4

Bharti Airtel Limited LAAA (Negative) A1+

Bhaskar Prakashan Private Limited LBBB+(Stable) A2

Bhatia Industries and Infrastructure Limited LBBB-(Stable) A3

Bhavarlal Mangilal Jain & Company LBB (Stable) A4

Bhavesh Oil Industries LB+ A4

Bhavin Steel Pvt Ltd LBB- (stable) A4

Bhavna Property Developers Limited LBB+(Stable)

Bhavya Cements Limited LBB+ (Stable)

Bhavya Constructions Private Limited LB

Bhawani Industries Limited LBBB-(Stable) A3

Bheema Cements Limited LC A5

Bhola Nath Naresh Kumar LBB-(Stable)

Bhola Nath Rakesh Kumar LBB-(Stable)

Bholasingh Jaiprakash Construction Limited LC

Page 10: icra

Company Name Long Term Short Term

Bhoomi Ginning Pressing Pvt Ltd LB+ A4

Bhrigus Software India Private Limited LBBB (stable)

Bhumi Yarn Private Limited LBB+(Stable) A4+

Bhurji Supertek Industries Limited LB- A4

Bhuvaneswari Cotspin India Private Limited LBB (Stable) A4

Bhuwalka & Sons Private Limited LBB+ (Stable) A4+

Bhuwalka Alloys Private Limited LBB+ (Stable)

Bhuwalka Castings & Forging Private Limited LBB+ (Stable)

Bhuwalka Sales Corporation LBB+ (Stable)

Bihar Raffia Industries Limited LBB+ (Stable) A4+

Bilasraika Sponge Iron India Private Limited LBB (Stable) A4

Bill Forge Private Limited LBBB- (Stable) A3

Billion Wealth Minerals Private Limited A4+

Bimla Devi Educational Society LBB-(Stable)

Bina Power Supply Company Limited LBBB (Stable)&

Biocon Biopharmaceuticals Private Limited *

Biocon Limited LAA+(stable) A1+

Biological E Limited LB A4

Bioplus Life Sciences Private Limited A2+

Birla Ericsson Optical Limited LBB+(Stable) A4+

Birla Power Solutions Limited ^ ^

Bitcon India Infrastructure Developers Private Limited LBB+(stable)

BLA Industries Private Limited LBBB+(Stable) A2+

BLA Power Private Limited LBB+(Stable)

BLA Projects Private Limited LB A4

BLB Mall Management Company Private Limited LBBB+(Stable)

Bling Telecom Private Limited LBB- (Stable) A4

Bliss GVS Pharma Limited LBBB+(Stable) A2

Bloom Dekor Limited LBB (Stable) A4

BLR Knits Private Limited LBB-(Stable) A4

Blue Bird Arts Manufacturing Private Limited LB-

Blue Dart Aviation Limited LAA(SO) Stable A1+(SO)

Blue Dart Express Limited LAA (Stable) A1+

Bluplast Industries Ltd LBBB- (Stable) A3

BMM Cements Limited LBB+(Stable)

BMM Ispat Limited LBBB@ A2@

BMV Exim Private Limited LB+(Stable) A4

Bohra Industries Limited LBB+(Stable) A4+

Bola Raghavendra Kamath & Sons A4+

Bola Surendra Kamath & Sons LBB+ A4+

Bommidala Brothers LBBB+(Stable) A2

Bommidala Enterprises Private Limited LBBB+(Stable) A2

Bonanza Commodity Brokers Private Limited A2

Bonanza Portfolio Limited A2

Bosch Chassis Systems India Limited LAA+ A1+

Bosch Rexroth (India) Limited LAA (Stable) A1+

Botil Oil Tools India Private Limited LBBB (Stable) A3+

BPR Infrastructure Private Limited LBBB-(stable)

Brahmaputra Infraproject Limited LBBB-(stable)

Brahmaputra Infrastructure Limited LBBB (Stable) A3+

Brahmaputra Iron & Steel Company Private Limited LBB (Stable) A4

Brahmaputra Rolling Mills LBB+ (Stable) A4+

Brahmaputra TMT Bars Private Limited LBB+ (Stable) A4+

Brandhouse Retails Limited LB+

BRG Energy Limited LBBB(Stable) A3+

Page 11: icra

Company Name Long Term Short Term

BRG Iron and Steel Private Limited LBBB- (Positive) A3

Brigade Enterprises Limited LBBB-(Positive)

Brightstar Infrastructure Private Limited LBB (Stable)

Brijbasi Art Press Limited LBBB- (Stable) A3

Brindha Cotton Mills Private Limited LB+ A4

Brintons Carpets Asia Private Limited LBBB (Stable) A2

British Scaffolding International Limited LBB- (Stable) A4

BS Transcomm Limited LB A5

BSC C&C Kurali Toll Road Limited LBBB-(Stable)

BSCPL Godhra Tollways Limited LBBB- (stable)

BSCPL Infrastructure Limited LA (stable) A1

BSL Scaffolding Limited LBBB-(stable) A3

BST Textile Mills Private Limited LBB(Stable)

Budhale & Budhale ^ ^

BUL Infradevelopers Private Limited LBB+(Stable)

Bulk Liquid Solutions (P) Limited LC A5

Burckhardt Compression (India) Private Limited LBBB+(Stable) A2+

Burn Standard Company Limited LBB+* A4+*

BVSR Constructions Private Limited LBBB- A3

BVSR KP Road Projects Private Limited LBBB-(SO) (Stable)

Bygging India Limited LBBB(stable) A3+

C Dinesh & Company Private Limited LBB+(stable) A4+

C K Infrastructures Limited ^ ^

C Mahendra Exports Limited LBB+(Stable) A4+

C Mahendra Infojewels A4

C S Construction Company Private Limited LBBB-(Stable)

C&S Electric Limited LA+(Stable) A1+

Cable Corporation of India Limited LB+ A4

Cadila Pharmaceuticals Limited LBBB(stable) A2

Calcom Cement India Limited LBB+(Stable)

Calcutta Industrial Supply Corporation LB A4

Cambridge Solutions Limited * A3

Camelia Griha Nirman Pvt Ltd LBB+(stable)

CAMPCO Limited LBBB-(Stable) A3

Camphor and Allied Products Limited LBBB+(Stable) A2+

Canter Engineers Private Limited LBB+(Stable) A4+

Capital Foods Exportts Private Limited LBB+(Stable) A4+

Capital Foods Limited LBB+(Stable) A4+

Capricorn Food Products India Limited LBBB- (Stable) A3

Capson Tiles Private Limited LBB- (Stable) A4

Carbon Resources Private Limited ^ ^

Cargill Capital and Financial Services India Private Limited LAA+(SO) (Stable) A1+

Cargill Global Trading India Private Limited LAA+(SO) (Stable) A1+

Cargill India Private Limited LAA+(SO)(Stable) A1+

Carrycon India Limited LB

Casil Industries Limited LB A4

Caspro Metal Industries Private Limited LBBB- (stable) A3

CasTall Technologies Private Limited LBB (Stable) A4

Cauvery Coffee Traders LB A4

Cauvery Medical Center Limited LB

Cauvery Power Generation Chennai Private Limited LBB (Stable)

CBay Systems (India) Private Limited LBBB- (Stable) A3

CBC Fashions (Asia) Private Limited LB+ A4

CD Integrated Services Limited A3+

CEE DEE Vacuum Equipment Private Limited LBB (Stable) A4

Page 12: icra

Company Name Long Term Short Term

Celebrity Fashions Limited LD A5

Celerity Power Private Limited ^

Cement Manufacturing Company Limited ^ ^

Centaur Mercantile Private Limited LBB(stable)

Century 21 Town Planners Private Limited LB

Century Mechanical Systems (India) Pvt Ltd LBBB- (Stable) A3

Century Metal Recycling Private Limited LBBB(stable) A3+

Century Pharmaceuticals Limited LBB+ (Stable) A4+

CEPCO Industries Private Limited LA- (Stable)

Chadha Papers Limited LB+(SO)

Chadha Sugars & Industries Limited LBB-(Stable) A4

Chaitanya Chemicals LBB-(Stable)

Chaitya LBB-(Stable) A4

Chakradhar Chemicals Private Limited LBB (Stable) A4

Chalet Hotels Limited LBBB+ (stable) A2

Chamber Construction Private Limited LBBB-(stable)

Chamong Tee Exports (P) Limited ^

Chamundi Distilleries Private Limited LB

Chandi Steel Industries Limited LBB(Stable) A4

Chandra Electronic Appliances Private Limited LBB-(Stable)

Chandu Agencies LBB+(Stable)

Chanvim Engineering (India) Private Limited LBB+(Stable) A4+

Charbhuja Industries Private Limited LBBB-(stable) A3

Charoen Pokphand (India) Private Limited LA+(Stable) A1+

Chartered Housing Private Limited LBB (Stable)

Chenduran Cotspin (India) Private Limited LBB- (Stable) A4

Chennai Container Terminal Private Limited LA(Stable) A1

Chennai Elevated Tollway Limited LBB+(Stable)

Chepar Plastics Private Limited ^ ^

Cheslind Textiles Limited LBBB-(Stable) A3

Cheslind Textiles Limited LBBB(SO) Stable

Chhabi Electricals Private Limited LBB(Stable) A4

Chirchind Hydro Power Limited LBB-(Stable)

Choice Diamond A3

Choice Solutions Limited LBB+(stable) A4+

Cholamandalam Investment and Finance Company Limited LAA-(positive) A1+

Chorus Labs Limited LB- A4

Choudhary Garments A4+

Chowdhary Rubber & Chemicals Private Limited LB+ A4

Chowgule and Company Private Limited LAA-(stable) A1+

Chowgule industries Private Limited LA-(Stable) A1

Chowgule Steamships Limited LBBB+(Stable)

Christy Friedgram Industry LBB (Stable) A4

CIEM Construction Private Limited LB+

Ciemme Jewels Limited LBB(Stable) *

Cimaron Constructions Private Limited *

Cinemax India Limited LA (Stable) *

City Heart Hotels Private Limited LC

City Promoters & Buildwell Private Limited LB+

City Realty & Development Private Limited LBB+

CJ Exporters A4+

Clair Engineers Private Limited LBBB- (Stable)

Classic Cotton Private Limited LB+

Classic Industries LB+

Clinigene International Limited * A1+

Page 13: icra

Company Name Long Term Short Term

CMC Limited LAA+(Stable) A1+

CMI Limited LBB (Stable) A4

CMM Infraprojects Limited ^

CMS Computers Limited ^ ^

CMS Educational Trust LC+

Coastal Energen Private Limited LBB (Stable)

Coastal Energy Private Limited LBBB-(Stable) A3

Coastal Marine Construction and Engineering Limited LA (Stable) A1

Cochin Bridge Infrastructure Company Limited LA+ (SO)

Color Chemicals LBB+(stable) A4+

Colorant Limited LBB (Stable)

Colorlines Clothing (India) Private Limited LBB+ (Stable) A4+

Columbia Asia Hospitals Pvt. Ltd LBBB(stable)

Columbia Petrochem Private Limited LBBB+(Stable) A2

Commercial Automobiles Private Limited LB+ A4

Commercial Engineers & Body Builders Company Limited LBBB+ (stable) A2+

Community Centre, The LC

Compuage Infocom Limited LBBB (Stable) A2

Comstar Automotive Technologies Private Limited LBBB+(stable) A2+

Concept Images Private Limited LBB+ (Stable) A4+

Concept Pharmaceuticals Limited LBBB-(Stable) A3+

Conglome Technoconstructions Private Limited LBBB-(Stable)

Conros Steels Private Limited LB A4

Consolidated Construction Consortium Limited LA+(Stable) A1

Consolidated Interiors Limited LA+(SO)Stable A1(SO)

Continental Engines Limited LBBB(Stable) A2

Controls and Schematics Limited LBB (Stable) A4

Cool Deck Aqua Solutions Private Limited LBB+(stable) A4+

Cooper Corporation Private Limited LBBB(stable) A3+

Coral Ceramics Private Limited LBB- (stable)

Coral Granito Private Limited LBB (stable) A4

Core Fab Projects Private Limited LBB (Stable) A4

Core Jewellery Private limited LBB (Stable)

Core Minerals LBB+(Stable) A4+

Core Projects and Technologies Limited LA (Stable) A1

Corey Organics Private Limited LB+ A4

Coromandel Agro Products and Oils Limited LBB+(stable) A4+

Cosmas Pharmacls Limited LBB+(Stable) A4+

Cosmas Research Lab Limited LBB-(Stable) A4

Cosmos Premises Private Limited LBBB+(SO)(Stable)

Country Club India Limited *

Country Colonizers Private Limited LB+ A4

Craftex India LBB-(Stable) A4

Cream Jewellery ^

Creation Jewellery Manufacturing Private Limited A3+

Crescent Petrochem Private Limited LBBB-(stable) A3

Crosseas Capital Services Private Limited A4+

Crown Lifters Private Limited LBB+(stable)

Crystal Granites and Marble Private Limited A4

Crystal Industrial Syndicate Private Limited LBB (Stable) A4

CSJ Infrastructure Private Limited LBBB (Stable)

CTR Manufacturing Industries Limited LA- (Stable) A1

Curo India Private Limited LBB(stable)

Cyberwalk Tech Park Private Limited LBB

D Bimala Enterprises A4

Page 14: icra

Company Name Long Term Short Term

D D Properties Private Limited LBB (Stable)

D N K LBB-(Stable)

D Naresh Kumar A4

D Navinchandra Jewels LBBB-(Stable)

D Nitin & Company LBB+ (stable) *

D R Exports International ^ ^

D S Kulkarni Developers Limited LB A4

D&H Secheron Electrodes Private Limited LBBB+(Stable) A2

D.S. Contractors Private Limited LBB (stable) A4

Daaj Hotels and Resorts Private Limited LB+

Daawat Foods Private Limited LBBB-(Stable) A3

Dagger Master Tool Industries Limited LBB(Stable) A4

Dakshin Gujarat Vij Company Limited LA-(Stable) A2+

Dakshin Gujarat Vij Company Limited LA-(Stable) A2+

Dali & Samir Engineering Private Limited LBB+ (Stable)

Dalmia Bharat Sugar and Industries Limited LAA-(Stable) A1+

Dalmia Cement Ventures Limited LBBB-(stable) A3

Daman Polythread Limited LBB+* A4+*

Darjeeling Power Limited LBB- (Stable)

Dashmesh Agro Industries LB+

Dashmesh Educational Charitable Trust LBB(Stable)

Dashmesh Rice Mills LB+

Dass Electric Trading Company Private Limited LD

Dauji & Company ^

Davanam Jewellers Private Limited LBB+(Stable) A4+

Davangere Sugar Company Limited LBBB-* A3*

Davariya Brothers LBBB - (stable) A3

Davinder Sandhu Impex Limited LBB+ (Stable) A4+

Daya MK Developers Private Limited LBB(Stable)

DC Industrial Plant Services Private Limited LBB-(Stable) A4

DCM Shriram Consolidated Limited LA-(stable) A1

DD Industries Limited LBB+& A4+&

DD International Inc. LBBB-(Stable) A3

Debbas Prime Solutions Private Limited LBB+(Sable) A4+

Deccan Alloys Private Limited LBB+ (Stable)

Deccan Cements Limited LBBB (Negative) A2+

Deccan´s Park Limited ^

Decent Dia-Jewels Private Limited A4+

DEE TEE Industries Limited LBBB-(Stable) A3

Deekay Impex LBB (Stable) A4

Deekay Pine Board Private Limited LBB (Stable) A4

Deem Roll Tech Limited LBBB- (Stable) A3

Deepa Panels private Limited LBB-(Stable) A4

Deepak Cables (India) Limited LBBB-(negative) A3

Deepak Fertilisers & Petrochemicals Corporation Limited LAA (Stable) A1+

Deepak Industries Limited LA (Stable) A1

Deepak Nitrite Limited LA+(Stable) A1+

Deepak Steel & Power Limited LBBB(stable) *

Deepwater Drilling & Services Private Limited

LBBB- (SO)

(Negative) A3 (SO)

Deesan Agro-Tech Limited LBB+ (stable) A4+

Delhi Airport Metro Express Private Limited LA+(SO)

Delhi Airport Parking Services Private Limited LBBB (Stable)

Delhi International Airport Limited LBBB@ A3+@

Delhi Waste Management Limited LBBB (Stable)

Delphi Automotive Systems Pvt Limited *

Page 15: icra

Company Name Long Term Short Term

Delta Technology and Management Services Private Limited LBB (Stable)

Dembla Valves Limited LC A5

Dempo Shipbuilding and Engineering Private Limited LBB+(Stable) A4+

DEN Networks Limited LBBB+ (Stable) A2

Desai Electronics Private Limited LBBB-(Stable) A3

Desh Bhagat Memorial Educational Trust LB

Design Creation LBB-(Stable) A4

Dev Aromatic Private Ltd LB+

Dev Fun Point Reality Private Limited LB+

Deva Drill Tech (India) Limited LBBB-(Stable) A3

Devashree Ispat (P) Limited LBB+(Stable) A4+

Development Consultants Private Limited LA(Stable) A1

Devgiri Exports LBB+ (Stable)

Devika Fibres Private Limited LBB+(stable) A4+

Devkinandan J. Gupta LBB (Stable) A4

Devu Tools Private Limited LBB(stable) A4

Dewa Projects Private Limited LD

Dhamra Port Company Limited LBBB+(Stable)@

Dhamra Port Company Limited LBBB@

Dhanji Developers LB+

Dhanraj Dhadda Exports A4

Dhanshree Textile Industries LC+ A5

Dhanuka Agritech Limited LA-(Stable) A1

Dhanuka Laboratories Limited LBBB-(Stable) A3

Dharam Exim LBBB-(Stable) A3

Dharampal Satyapal Limited LA+@ A1@

Dharamshala Hydro Power Limited LBB+ (Stable)

Dharamshila Cancer Foundation & Research Center LA-(Stable)

Dharmanandan Diamonds Private Limited LBBB(Stable) A3+

Dhaval Agri Exports LBB+(Stable) A4+

DHFL Vysya Housing Finance Limited LA+(Stable)

Dhillon Kool Drinks & Beverages Pvt. Ltd. LBBB (SO)(stable)

Dhir International Private Limited A5

Dhoot Transmission Private Limited LBBB (Stable) A3+

Dhruv Cotton Processing Pvt Ltd LB+

Diabetes Thyroid Hormone Research Institute Private Limited LBB+(Stable)

DiaGold Creation Pvt Ltd LBB (Stable)

Diagold Designs Ltd. A4

Diam Star Jewellery (India) Private Limited LBB+(Stable) A4+

Diamond Footcare Udyog Private Limited LBB (Stable) A4

Diamond Hut (India) Private Limited LBB+ (Stable)

Diamond Industries (Ship Breaking Division) LBB(stable) A4

Diamond Sea Food Exports A4

Diamount Jewels Private Limited LBB+ (Stable)

Dianare Exports A4+

DIC India Limited LAA (Stable) A1+

Digital Micron Roto Print Pvt. Ltd. LB- A4

Digvijay Construction Private Limited LBB(stable) A4

Dilip Buildcon Private Limited LBBB

Dilshad Trading Company Private Limited A4

Dimensional Securities Private Limited LBBB- (Stable) A3

Dimple Creations Private Limited LBB+(Stable) A4+

Dindigul Samyanallore Toll Road Private Limited *

Dinesh Oils Limited LBB(Stable) A4

Dirk India Private Limited LBBB (stable) A3+

Page 16: icra

Company Name Long Term Short Term

Divine Alloys & Power Company Limited LBB+(Stable)

Divine Infracom Private Limited LC

Divya Jyoti Industries Limited LBB(Stable) A4

Divyalakshmi Textiles Private Limited LC

Dixcy Textiles Private Limited LBB+ (Stable)

Dixon Technologies (India) Private Limited LBBB+ A2+

DML Exim Private Limited LB+ A4

DML Worldtrade Private Limited LBB-(Stable) A4

DN Wind Systems India Private Limited LC A5

DNP Foods Limited LBB (Stable) A4

Donear Industries Limited LBB+ (Stable) A4+

Door Sanchar Hydro Power Private Limited LBB (stable)

Dosch Pharmaceuticals Private Limited LBB (Stable) A4

Dr. Jain Video on Wheels Limited LC+ A5

Dr. Reddy´s Laboratories Limited LAA+(Stable) A1+

Dreamz Achievers India Private Limited LB+

Drisha Impex Private Limited LB

DS (Assam) Hospitality India Limited LBB+(Stable)

DS Hotels & Resorts (India) Limited LBBB-(Stable)

DSC Ventures Private Limited *

DSF Grand Plazas Private Limited LBB(stable)

DT Projects Limited LA(SO) Stable

Duke Fashions (India) Limited LBBB (Stable) A2

Duplex Wires Private Limited LBBB(Positive) A3+

Dura Line India Private Limited LA+(Stable) A1+

Durairaj Mills Limited LBB(Stable) A4

Durga Construction Company LBB (Stable) A4

Durha Constructions Private Limited LBBB(stable)

Duroshox Private Limited LBB (Stable) A4

Dusters Total Solutions Services Private Limited LBB(stable)

Dustven Private Limited LB+ A4

Dwarikesh Sugar Industries Limited LBBB (Stable)

Dwarkadhis Projects Private Limited LBB-(Stable) A4

Dwarkesh Alloys Private Limited LBB- (stable)

Dwekam Electrodes Private Limited LBBB (Stable) A3+

DY Uppar LC

Dynacons Systems & Solutions Limited LBB+ (stable) A4+

Dynamatic Technologies Limited LBBB (Stable) A3+

Dynamic Ship Recyclers Private Limited LBB (Stable) A4

Dynamic Techno Medicals Private Limited LBBB-(stable) A3

E.K.S. Spinners Private Limited LB A4

East Africa Mobiles Limited LBB (stable)

East Africa Motors Limited LBB (Stable)

East Coast Constructions & Industries Limited LBBB-(Stable) A3

East India Laminates Private Limited LB+ A4

East India Securities Limited LBBB+(Stable) A2

Eastern Comnets Limited LBB (Stable) A4

Eastern Himalaya Breweries Private Limited LC

Eastern Steels & Power Limited * A4

Eastman Auto & Power Limited LBB+(Stable) A4+

Eastman Industrial Company LBB+(stable) A4+

Easun Reyrolle Limited LBBB+(Stable) A2+

ECE Industries Limited LA- (Stable) A2+

ECIL Rapiscan Limited LA-

Ecoboard Industries Limited LB A4

Page 17: icra

Company Name Long Term Short Term

Ecocat (India) Private Limited LBBB-(stable) A3

Edelweiss Asset Reconstruction Company Limited LBBB+ (Stable)

Edhayam Frozen Foods Private Limited A4

Edict Pharmaceuticals Private Limited LBB (Stable) A4

Eicher Motors Limited LAA-(Stable) A1+

Elam Pharma Private Limited ^ ^

Elastrex Polymers Private Limited LBBB+(Stable)

Elec Steel Processing Industries LBB (Stable) A4

Elect Systems Engineers Private Limited LBBB- (Stable) A3

Electromech Material Handling Systems (India) Private Limited LBBB- (stable) A3

Electronic Enterprises (India) Private Limited LBB (stable)

Electronica Finance Limited LBBB+(Stable) A2

Electronica Plastic Machines Limited LBBB- (stable) A3

Electronics and Controls Power Systems Private Limited LC A5

Elitecore Technologies Private Limited LA (Stable) A1

Elkaypee Spinners Private Limited LB

Ellenbarrie Industrial Gases Limited LBB+(Stable) A4+

EMAS Engineers and Contractors Private Limited LBB+ (Stable) A4+

Embee Software Private Limited LBBB (Stable) A3+

EMCO Energy Limited LBBB (Stable)

Emerald Jewel Industry India Limited LBBB+(Stable) A2

Emil Pharmaceutical Industries Private Limited LB A4

Eminent Infradevelopers Private Limited LBB- (Stable)

Emitec Emission Control Technologies India Private Limited LBBB-(Stable) A3

Emkay Global Financial Services Limited A2+

Emmennar Bio-tech Private Limited LBB(stable) A4

Emmsons International Limited LBBB (Stable) A3+

Emmvee Toughened Glass & Photovoltaics Private Limited LBBB-(Stable) A3

Empee Breweries Limited LBBB(SO) Stable

Empee Sugars and Chemicals Limited LBB+

Empire Industries Limited LBBB+ (Stable) A2

Emson Tools Manufacturing Corporation Limited LBBB- (Stable) A3

Enaltec Labs Private Limited ^ ^

ENAM Securities Private Limited A1+Endress+Hauser (India) Automation Instrumentation Private

Limited LBBB (Stable) A2Endurance Magneti Marelli Shock Absorbers (India) Private

Limited LBB (Stable)

Enem Nostrum Remedies Private Limited LC A5

Enfield Apparels Limited LB+ A4

Enfield Gems & Jewellery Limited A4+

Enfield Solar Energy Limited LB+

Ennore Port Limited LA (Stable)

Ennore Tank Terminals Private Limited * A4+

Enviro Control Associates (I) Private Limited ^ ^

Epicenter Technologies Private Limited LB+ A4

Ericsson India Private Limited LAA (Stable)

EROS for Sanitarywares LBB (Stable) A4

Eros Resorts & Hotels Limited LBBB-(Stable) A3

Escorts Construction Equipment Limited LBBB-(Stable) A3

Escorts Limited LBBB- (Stable) A3

Eshwar Trust LB-

Eskay Fine Chemicals LBBB (Stable) A3+

Esmeralda International A4+

Essar Steel Limited LA* A1*

Essar Telecom Infrastructure Private Limited LBBB+% A2%

Essel Mining & Industries Limited LAA-(stable) A1+

Page 18: icra

Company Name Long Term Short Term

Essel Shyam Communication Limited LBBB+(Positive) A2+

Essel Shyam Technologies Limited LBBB+(Stable) A2+

Ester Industries Limited LBBB+ (Stable) A2

ETA Constructions (India) Limited LBB+(Stable)

ETT Limited LB+

Euro Footwear Limited LBBB (Stable)

Euro Forge Private Limited LBBB- (Stable) A3

Eurolife Healthcare Private Limited LBBB-(Stable) A3

Eurotex Industries and Exports Limited LBB+(Stable) A4+

Eva Alu Panel Limited LB A4

Eveready Industries India Limited LBBB(stable) A3+

Everest Industries Limited LA(stable) A1

Everest Ply & Veneers Private Limited LB+ A4+

Everest Power Private Limited LB+

Evergreen Drums & Cans Private Limited LBB(Stable) A4

Evershine Timber International Private Limited LB+ A4

Evershine Wood Packaging Private Limited LBB (Stable) A4

Exide Industries Limited LAAA (Stable) A1+

Exotic Fruits Private Limited A3

Expanded Polymer Systems Private Limited LBB+ (Stable) A4+

Expo Freight (Pvt) Limited LBBB-(Stable) A3

Express Publications (Madurai) Limited LBBB-(Stable) A3

F Harley & Company Private Limited LBBB-(Stable) A3

Fabtech Technologies International Limited LBBB+ (stable) A2+

Facor Alloys Limited LBBB+(Stable) A2

Facor Steels Limited LBB+(Stable) A4+

Faery Estates Private Limited LBBB+(Stable) A2+

Faery Estates Private Limited LAA+(SO) (Stable)

Falcon Business Resources Private Limited LBB+(Stable) A4+

Family Credit Limited

LAAA(SO)(Negativ

e)

Fancy Fittings Limited LBBB (Stable) A3+

Farida Shoes Private Limited LBB+ A4+

Fashion Global Retail Limited * *

Federation of Indian Mineral Industries LBBB (stable)

Feedback Ventures Private Limited LA+(Stable)

Feedback Ventures Private Limited LA+(Stable)

Fekari Infrastructure Private Limited LC+

Ferro Alloys Corporation Limited LA- (Stable) A2+

Ferro-Concrete Construction (India) Private Limited LBBB- A3

Ferromatik Milacron India Limited LBBB+(Stable) A2+

Fertichem Cotspin Limited LBB-(Stable) A4

Finestar Jewellery (India) Private Limited A4+

Firepro Systems Private Limited LB+

First Blue Home Finance Limited LAA+@ *

First Steps Babywear Private Limited LBBB(stable) A2

Fisher Sanmar Limited LAA-(Stable) A1+

Fitnessone Group India Limited LBBB (Stable) A2

Fives Cail KCP Limited LBBB- (Stable) A3

FL Smidth Private Limited LAA- (Stable) A1+

Flawless Diamond (India) Limited LB+ A4

Flawless Jewellery Private Limited A4+

Flemingo DFS Private Limited LA- (stable) A1

Flemingo Dutyfree Shop Private Limited LA(Stable) A1

Flicker Projects Private Limited LBB+(Stable)

Flora & Fauna Housing & Land Developments Private Limited LBB (Stable)

Page 19: icra

Company Name Long Term Short Term

Flora Marmo Industries Private Limited ^

Flowmore Limited LBBB (Stable)

Focus Energy Limited LBBB-(Stable) A3

Fomra Electricals LB-

Fontus Water Limited LBB (Stable) A4

Foods and Inn Limited LB+ A4

Forbes & Company Limited LA+% A1+

Forbes Technosys Limited A2+(SO)

Forbes Technosys Limited LA(SO)(postive) A1(SO)

Forech India Limited LBBB (Stable) A2

Fortis Healthcare Limited LAA- (Stable)

Fortis Hospotel Limited LAA-(SO) (Stable)

Fortuna Engineering (Nasik) Private Limited LBB (Stable) A4

Forum Infrastructure Private Limited LBB (Stable)

Forum IT Parks Private Limited LBB- (stable)

Forum Project Holdings Private Limited LBB+ (Stable)

Forum Retail Private Limited LB+

Forum Riviera Construction Private Limited LBB (Stable)

Forum Shopping Mall Private Limited LBB+ (Stable)

Forward Leather Company A4

Forward Shoes (India) Private Limited LBB (Stable) A4

Foundation Engineering Company LBBB-

Freeworld Exports Private Limited LBB* A4*

Fresenius Kabi Oncology Limited LBBB+(Stable) A2+

Fritzmeier Motherson Cabin Engineering Limited LBBB-(Stable) A3

Frostees Export (India) Private Limited LBB+ (stable)

Fruitful Buildcon Private Limited LBB (Stable)

Fucon Technologies Limited LBB+(Stable)

Fujikawa Power LBB+(Stable) A4+

Fun Multiplex Private Limited LBBB- (Stable)

Futura Ceramics (P) Limited LBBB- (Stable) A3

Futura Polyesters Limited LB-

Future Capital Holdings Limited LA

Future Communications Limited ^

G G Hospital LBB-(Stable)

G N Shipbreakers LBB-(Stable) A4

G R Constructions ^

G R Engineering Private Limited LA-(Stable) A2+

G R Gupta & Bros. LBB (Stable)

G R Thanga Maligai LBBB+ (Stable) A2+

G R Thanga Maligai (Firm) LBBB+ (Stable) A2+

G R Thanga Maligai and Sons LBBB+(Stable) A2+

G R Thanga Maligai Jewellers Private Limited LBBB+ (Stable) A2+

G Shankar LBB (Stable) A4

G V Estates & Hotels Private Limited ^

G. M. Pens International Private Limited LA (Stable) A1

Gabriel India Limited LA- (Stable) A1

Gagan Aerospace Private Limited LB+

GAIL (India) Limited LAAA (Stable)

Galaxy Bearings Limited LBB+(Stable) A4

Gandevikar Jewellers Private Limited LBBB-(Stable)

Gandhi Enterprises LBB+ (stable) A4+

Gandhi Securities and Investment Private Limited (GSIPL) A3

Ganesh Housing Corporation Limited LBBB(Stable)

Ganesh Om Cereals Private Ltd LB+

Page 20: icra

Company Name Long Term Short Term

Ganesh Polychem Limited LA- (Stable) A1

Ganeshprasad Impex Private Limited LB+ A4

Gangamai Industries and Constructions Limited LBB(stable) A4

Gangar Opticians Private Limited LBB-(stable)

Gangaram Synthetics Private Limited LB+

Ganpati Foods LB+

Ganpati Petrochemicals LBBB- (Stable) A3

Ganpati Plastfab Limited LBB+ (Stable) A4+

Ganpati Sugar Industries limited ^

Gardenia India Limited LBB (Stable)

Garg Acrylics Limited LBBB- (Stable) A3

Garg Furnace Limited LBB+ (Stable) A4+

Garg Inox Limited ^ ^

Gargya Autocity Private Limited LBB (Stable)

Garnett Speciality Papers Limited LB+ A4

Garware Wall Ropes Limited LA+ (Stable) A1+

Gaurav International A3

Gauravh Wines Private Limited LB

Gaursons India Limited LBBB-(Stable)

Gautham Jahnavi Constructions Private Limited LB+

Gayatri Hi-Tech Hotels Limited LC

Gayatri Suitings Limited ^ ^

Gayatrishakti Paper and Boards Limited LBBB-(Stable) A3

GCL India Private Limited LBB+ (Stable) A4+

GEA BGR Energy System India Limited LBBB (Stable) A3+

Gee Square Exports LBB (Stable)

Geetha Cotton Mills Private Limited LB

Geetika Steel Traders LBB-(Stable) A4

Gem Edible Oils Private Limited LBB+(Stable) A4+

Gem Manufacturing India Private Limited LBB(Stable)

Gem Star Company A4+

Gem Star Company Private Limited A4

Gemini Communication Limited LB- A5

General Mechanical Works Private Limited LBBB-(Stable) A3

General Motors India Private Limited LBBB+(Stable) A2+

General Nice Mineral Resources (India) Private Limited LBB+(Stable) A4+

Genesis Finance Company Limited LBB (Positive)

Genovo Development Services Limited LBBB (SO)(stable)

Genus Electrotech Limited LBBB (Stable) A2

Geodesic Techniques Private Limited LBB(STABLE) A4

Geon International LBB+(Stable) A4+

Getz Pharma Research Private Limited LBB (Stable) A4

GF Toll Road Private Limited LBBB (Stable)

Gharana Foods Limited LBB(Stable)

Ghaziabad Ispat Udyog Limited LBB+(Stable)

Ghiya Extrusions Private Limited LBB+ (Stable) A4+

Ghodawat Foods International Private Limited LBB+(Stable)

GHV (India) Private Limited LBBB-(Stable) A3

GIC Housing Finance Limited LAA+ A1+

Giesecke & Devrient India Private Limited LA- (Stable) A2+

Gilvert Ispat LC A5

Gimpex Limited LBB+ (stable) A4+

Gina Engineering Company Pvt Ltd LBB(stable) A4

Gini & Jony Limited LD A5

Gini Tex Private Limited LBBB- (Stable) A3

Page 21: icra

Company Name Long Term Short Term

Ginni Gold Limited LBB (Stable) A4

Ginza Industries Limited LB+ A4

Girijashankar Cotton Private Limited LB+

Giriraj Cot-Gin Private Limited LB+ A4

GK Industrial Park Private Limited LBB+ (Stable)

GKB Lens Private Limited LBB- (Stable) A4

GKB Rx Lens Private Limited LAA (Stable) A1+

Glaze Garments (India) Limited LBB- (Stable)

Glittek Granites Limited LBB (Stable)

Global Castings Private Limited LBB- (Stable)

Global Cultural and Education Foundation LBB-(Stable)

Global Printing & Packaging Co. Pvt. Ltd LBB (Stable) A4

Global Smelters Limited LBB

Global Wind Power Limited LBBB- A2

Globetrotters Educational Innoventions Pvt. Ltd LBB-(Stable)

Globus Infocom Limited LB+ A4

GMR Ambala Chandigarh Expressways Pvt Limited LBBB-(Stable) A3

GMR Aviation Private Limited LA-(SO)

GMR Aviation Private Limited LBBB- A3

GMR Bannerghatta Properties Private Limited LBBB+(SO) Stable

GMR Chhattisgarh Energy Limited LBBB-(Stable)

GMR Energy Limited LBBB A3+

GMR Energy Trading Limited LBBB (Stable) A3+

GMR Estate Private Limited LBBB+(SO) Stable

GMR Holdings Private Limited LBBB+ (Stable)

GMR Hotels and Resorts Limited LBBB(SO)

GMR Hyderabad International Airport Limited LBBB (Stable) A3+

GMR Infrastructure Limited LA- (Stable) *

GMR Jadcherla Expressways Pvt Limited LA-(stable) *

GMR Kamalanga Energy Limited LBBB (Stable)

GMR OSE Hungund Hospet Highways Private Limited LA-(SO)

GMR OSE Hungund Hospet Highways Private Limited LBBB-(Stable)

GMR Pochanpalli Expressways Pvt Limited * *

GMR Power Corporation Limited LA (Stable) A1

GMR Projects Private Limited LBBB+(SO)

GMR Sports Private Limited LBBB-(Stable)

GMR Tambaram Tindivanam Expressways Pvt Limited LAA-(stable)

GMR Tuni Anakapalli Expressways Pvt Limited LA+ (Stable)

GMR Ulundurpet Expressways Pvt Limited LBBB (Stable) *

GMR Vemagiri Power Generation Limited LBBB (Stable)

GNG Trading Company Private Limited LB A4

God Gift Properties Private Limited LBB (Stable)

God Granites LBB+(stable) A4+

Godavari Polymers Private Limited LBB+ (Stable) A4

Godavari Shilpkala Limited LBBB- (Stable)

Godrej Agrovet Limited LA(Stable) A1+

Godrej Consumer Products Limited LAA A1+

Godrej Industries Limited LAA(Stable) A1+

Godrej Properties Limited LA+ (Stable) A1+

Goel Jewelery Mart Private Limited LBB+ A4+

Goel Jewellery International * *

Goel Jewellery Overseas Corp. LBB+(Stable) A4+

Goenka Diamond and Jewels Limited LBBB (Stable) A2

Gokak Textiles Limited LBB (Stable) A4

Gokaldas Exports Limited

[ICRA]BBB+(Stable

) [ICRA]A2

Page 22: icra

Company Name Long Term Short Term

Gokul Overseas A3

Gokul Refoils & Solvents Limited LBBB(stable) A2

Golawala Diamonds LBB (Stable) A4

Gold Star Diamond Private Limited LBB+(Stable) A4+

Golden Jubilee Hotels Limited LBB+(Stable) A4+

Golden Tobacco Limited LB A4

Golden Tree Hotels Private Limited LB

Good Luck Corporation LBB(stable)

Goodearth Maritime Limited LBBB(Negative) A3+

Goodearth Maritime Limited LBBB

Goodluck Steel Tubes Limited LBBB(stable) A3+

Goodricke Group Limited LAA-(Stable) A1+

Gopal Oil Industries LBB-(Stable) A4

Gopani Iron & Power (India) Private Limited LBB+(stable) A4+

Gora Mal Hari Ram Limited LBBB (Stable) A3+

Gowthami Solvent Oils Private Limited LBB(Stable) A4

Goyal Traders LBB- (Stable) A4

Grain Milling Company Private Limited LBBB-(Stable) A3

Grama Vidiyal Microfinance Limited LBBB& A2&

Grameen Financial Services Private Limited LBBB-&

Granite Mart Limited LBB-(Stable) A4

Grant Thornton LA+(Stable)

Graphite India Limited LAA+(Stable) A1+

Gravita India Limited LBBB (Stable) A2

Great Eastern Energy Corporation Limited LBBB+(Stable)

Great Value Foods LBB(stable)

Greatweld Steel Grating Private Limited LBB- A4

Green Infra Wind Energy Private Limited LA-(Stable)

Greenland Hospitality Private Limited LB+

Greenply Industries Limited LA-* A2+*

Grindwell Norton Limited LAA (Stable) A1+

Growmore International Limited LBB (Stable) A4

GS Developers and Contractors Private Limited A4

GS Malls Private Limited LBB-(stable) A4

GSP International ^

GSPC Pipavav Power Company Limited A2

GSR Movies LB A4

GSR Textiles Private Limited LB+ A4

GSS Institute of Technology LBB- (Stable)

GTI Jewellery India Private Limited A4

GTN Engineering India Limited LBBB (Stable) A2

GTN Industries Limited LB- A4

GTV Engineering Limited LBB-(Stable) A4

Guardian Casting Private Limited LBB+(stable) A4+

Guardian Lifecare Private Limited * *

Guardian Steels Private Limited LBBB- (Stable) A3

Gufic Biosciences Limited LBB+(Stable) A4+

Gujarat Chemical Port Terminal Company Limited ^

Gujarat Craft Industries Limited LBB (Stable) A4

Gujarat Energy Transmission Corporation Limited LA-(Stable) A2+

Gujarat Flotex Limited LBB+(Stable) A4+

Gujarat Ginning & Oil Industries LB+

Gujarat Guardian Limited LAA (Stable)

Gujarat Industries Power Company Limited LA (Stable) A1

Gujarat Infraproject Private Limited LBB+(Stable) A4+

Page 23: icra

Company Name Long Term Short Term

Gujarat Microwax Private Limited LBB+(Stable) A4+

Gujarat Narmada Valley Fertilizers Company Limited LAA-(Stable) A1+

Gujarat Pickers Industries Limited LBB (Stable) A4

Gujarat Spices & Oilseeds Growers Cooperative Union Limited LBB+(stable) A4+

Gujarat State Electricity Corporation Limited LA-(Stable) A2+

Gujarat State Energy Generation Limited LBBB+(Stable) A2

Gujarat Tea Processors and Packers Limited LAA (Stable)

Gujarat Telelink Private Limited LBBB (Stable) A2

Gujarat Urja Vikas Nigam Limited LA-(Stable) A2+

Gulf Oil Corporation Limited LBBB& A3+&

Gunjan Exports LBBB (Stable) A3+

Guntur Spinning Mills Private Limited LBB(stable) A4

Gupta Equities Private Limited LBB+ A4+

Gupta Hair Products Private Limited A4

Guru Aashish Texfab Limited LBB (Stable) A4

Guru Ashish Shipbreakers LBB-(Stable) A4

Guru Gobind Singh Educational Charitable Trust LBB-(Stable)

Guru Kirpa Agro Foods Lbb-(stable)

Gurudeva Charitable Trust LB+

GVPR Engineers Limited LBBB (Stable) A3+

H D Enterprises LBBB-(Stable) A3

H K Cotton Industries LBB-(Stable) A4

H Sherul & Company A4

H.R. Steels Private Limited LBB+(Stable)

Haldia Petrochemicals Limited LBBB+ (Stable) A2

Haldia Petrochemicals Limited LBBB+ (Stable) A2

Haldiram Foods International Limited LA+(Stable) A1+

Haldiram Manufacturing Company Private Limited LA+ A1+

Haldiram Products Private Limited LA- (Stable) *

Haldiram Snacks Private Limited LA+ A1+

Halonix Limited LBBB+& A2&

Hans Industries Private Limited LBB (Stable) A4

Haranai Sahakari Soot Girni Limited LBB (Stable)

Hare Krishna Metallics Pvt. Limited LBBB-(Stable) A3

Haresh Agencies LBB

Haresh Overseas Private Limited LBB+(Stable) A4+

Haresh Petrochem Private Limited LBB+(stable) A4

Hari Infrastructure Private Limited LB-

Hari Machines Limited LBBB (Stable)

Hari Tag Exports Private Limited LB+ A4

Harihar Rocks LC A5

Hariharan Foundations Private Limited LBBB- (Stable) A3

Harinagar Sugar Mills Limited LBBB+(Stable)

Harish Chand Maina Devi Memorial Trust Society LB

Harisons Steel Private Limited LBB-(Stable) A4

Harmony Plastics Private Limited LBBB- (stable) A3

Harmony Yarns Private Limited LBB (Stable)

Harrisons Malayalam Limited LBB+(Stable) A4+

Harso Steels Private Limited LBB+ (Stable) A4+

Harvel Agua India Pvt Ltd. LBB+(Stable) A4+

Harvins Constructions Private Limited LB A5

Hatimi Steels ^

Hazira Pipe Mill Limited * *

Hazira Plate Limited *

HB Estate Developers Limited LBBB-(Stable)

Page 24: icra

Company Name Long Term Short Term

HCIL Comtel Limited A2

HCIL Comtel Limited A1(SO)

HCL Comnet System and Services Limited LAA(Stable) A1+

HCL Technologies Limited LAA+(Positive) A1+

HDFC Securities Limited A1+

Healthcare Energy Foods Private Limited LBB+(stable) A4+

Healthy Life Pharma Private Limited LBB (Stable) A4Heilgers Development and Construction Company Private

Limited *

Henkel India Limited A1+

Henkel Marketing India Limited A1+

Hero Honda Finlease Limited LAA+(Stable) A1+

Hero Honda Motors Limited LAAA A1+

Hero Honda Motors Limited LAAA A1+

Hero Motors Limited LA (Stable) A1Herve Pomerleau International Inc. (HPI) Consolidated

Construction Consortium Limited LA+(SO) Stable

HES Infra Private Limited LC+

HG Retail Solution Private Limited LB+

Hikal Limited LBB+(Stable) A4+

Hilltop Stones Private Limited LB+ A4

Hilton Metal Forging Limited LC+ A5

Him Alloys & Steels Private Limited ^ ^

Hi-Mac Castings Private Limited LB

Himachal Sorang Power Private Limited LB+^

Himangi Foods Private Limited LBB (Stable) A4

Himgiri Buildcon & Industries Limited A4

Himgiri Nabh Vishwavidyalaya LBB+(Stable)

Hind Agro Industries Limited LB+

Hind Energy & Coal Benefication India Limited LBBB-(Stable) A3

Hind Industries Limited LB+

Hind Metals & Industries Private Limited LC A5

Hind Motors Limited LBB (Stable)

Hindon Forge Private Limited LBB (Stable)

Hindprakash Tradelink Private Limited * *

Hinduja Foundries Limited LBB+(Stable) A4+

Hindupur Vyapar Apparel Park Limited LBB (Stable)

Hindustan Aeronautics Limited LAAA (Stable) A1+

Hindustan Copper Limited LAA+(stable) A1+

Hindustan Oil Exploration Company Limited LA+(Stable)

Hindustan Tin Works Limited LA- (Stable) A1

Hindusthan Vidyut Products Limited LA- (Stable) A1

Hindware Home Retail Private Limited LA+ (SO)(stable) A1+ (SO)

HI-Q Electronics (P) Limited LBBB-(Stable) A3

Hira Power and Steels Limited LBBB(stable) A2

Hiraco Jewellery (India) Private Limited LBB (Stable) A4+

Hisar Metal Industries Limited LBB-(stable) A4

Hi-Tech Radiators Private Limited LBB (Stable) A4

Hitesh Plastics Private Limited LBBB (Stable) A2

HLL Lifecare Limited LA A1

HMA Agro Industries Limited LC A5

HMA Food Export Private Limited LB

Home Land City Mall ^

Homera Tanners Private Limited LC A5

Homera Tanning Industries Private Limited LC A5

Honda Siel Cars India Limited LAA+(Stable)@ A1+@

Hooghly Infrastructure Private Limited LBBB-(stable) A3

Page 25: icra

Company Name Long Term Short Term

Hooghly Met Coke & Power Limited * *

Hooghly Met Coke & Power Limited * *

Hotel Airport Kohinoor Pvt. Ltd LBB+ (Stable)

Hotel Excelsior Limited LA-(stable)

Hotel Imperial Palace (I). LB+

Hotel Raj Park Private Limited LBB (Stable)

Hotel TipTop International Private Limited LBB-(Stable)

HPL Socomec Private Limited * *

HSI Automtives Limited LBBB(Stable)

HSIL Limited LA+ (Stable) A1+

Hughes Communications India Limited A1

Hughes Network Systems India Limited A2

Huntsman Advanced Materials (India) Private Limited LA (Stable) A1

Huntsman International (India) Private Limited LA (stable) A1

Hwaseung Auto Parts (India) Private Limited LBB+(Stable)

Hwaseung Materials (India) Private Limited LBBB(Stable)

Hyderabad Airport Security Services Limited LBB+(SO)

Hyderabad Industries Limited LA (stable) A1+

Hyderabad Metropolitan Development Authority *

Hydril Pressure Control Private Limited LB+ A4

Hydro S&S Industries Limited LBBB (Stable) A2

Hy-Link Overseas Private Limited LBB-(Stable) A4

Hysco Steel India Limited A2(SO)!

Hysco Steel India Limited LBBB (Stable) A3+

Hy-Tuf Steels Private Limited ^

I S Motors Private Limited LB+

IBC Limited LC

IBN 18 Broadcast Limited LBBB(stable)

Icconol Petroleum Private Limited ^

ICICI Home Finance Company Limited LAAA(stable)

ICOMM Tele Limited LBBB- A3

Icon Granito Private Limited LBB (Stable) A4

Icon Hospitality Private Limited LBBB (Stable)

ICSA (India) Limited LA+(Negative) A1

IDBI Homefinance Limited LAA+ (Stable) *

Ideal Jewels (I) Private Limited A4+

IDEB Projects Private Limited ^ ^

IDT Clothing Private Limited LBB (Stable) A4

Idupulapadu Cotton Mills Limited LBB (Stable)

IFCI Limited LA (Stable) A1+

IFMR Capital Finance Private Limited LA- (Stable)

IG Petrochemicals Limited LBBB-(Stable) A3

IHHR Hospitality Private Limited LBBB+(Stable)

IIC Technologies Private Limited LBBB- A3

IJT Plastics & Tools Private Limited * *

IMC Limited * A2+

Imcola (Exports) Limited A2+(SO)

Impact Safety Glass Works Private Limited LBB-(stable) A4

Imperial Fastners Private Limited LB+ A5

Imperial Waterproofing Industries Private Limited LBB(stable) A4

INCA Hammock Manufacturing & Export Private Limited LBB (Stable) A4

Ind Barath Energies (Maharashtra) Limited LC

Ind Barath Energies (Thoothukkudi) Limited LC

Ind Barath Energies Limited LBBB-(stable)

Ind Barath Power Gencom Limited LBB (Stable)

Page 26: icra

Company Name Long Term Short Term

Ind Barath Thermal Power Limited LBB (Stable)

Ind Swift Laboratories Limited LBBB+ (Stable) A2+

Ind Swift Limited LBBB (Stable) A3+

Indag Rubber Limited LA(Stable)

Indcoat Shoe Components Limited LBBB-(stable) A3

Indhumathi Refineries Private Limited LB+ A5

India Carbon Limited LBBB +(Stable) A2

India Denim Limited LC+ A5

India Exposition Mart Limited LBB+ (Stable) A4+

India Infoline Housing Finance Limited LAA- (SO)

India Infoline Investment Services Limited LAA-(SO) Stable

India Infoline Limited A1+

India Motor Parts and Accessories Limited LAA (Stable) A1+

India Shoes Exports Private Limited * A4+

India Telecom Infra Limited LBBB-(Stable) A3

India Today Fashions LBB(stable) A4

Indian Cane Power Limited LB- A5

Indian Card Clothing Company Limited LA(stable) A1

Indian Commerce & Industries Co. Private Limited LBBB(stable) A3+

Indian Designs LBB+(stable) *

Indian Designs Exports Private Limited A4+

Indian Furniture Products Limited LA+(SO)& A1+(SO)&

Indian Gem & Jewellery Imperial Private Limited LBB (Stable) A4

Indian Metals & Ferro Alloys Limited LA(Stable) A1

Indian Potash Limited ^ ^

Indian Pulp & Paper Private Limited LC A5

Indian Steel Corporation Limited LBBB- (Stable) A3

Indicon Logistics Limited LBBB-(Stable) A3

Indo Autotech Limited LBBB+(Stable) A2+

Indo Farm Equipment Limited LBBB- (Stable) A3+

Indo Furnace Private Limited LBB-(stable) A4

Indo Industries Limited LB A4

Indo Pacific Housing Finance Limited LBBB(stable) A3+

Indo Schöttle Auto Parts Private Limited LBBB+ (Stable) A2+

Indo Shell Auto Agency Private Limited *

Indo Unique Trading Private Limited LBB (Stable) A4

Indoco Remedies Limited LA+ (Stable) A1+

Indofil Organic Industries Limited LA-(Stable) A1

Indore Composite Private Limited LBBB-(Stable) A3

INDRA COTTON GINNING & PRESSING PVT LTD LB+

Indraprastha Gas Limited LAAA(Stable) A1+

Indraprastha Medical Corporation Limited LAA (Stable) A1+

Indrox Global Private Limited LBBB(Stable)

Indsil Energy and Electrochemicals Limited LBBB (Stable) A3+

Indsil Hydro and Manganese Limited LBBB+(Stable) A2+

Indu Corporation Private Limited LBB+(Stable) A4+

Indu Navayuga Infra Projects Private Limited LC+

Indu Projects Limited LB+ A4

Indure Private Limited LBBB (Positive) A3+

Indus Gas Limited LBBB (Stable)

Indus League Clothing Limited LBBB-(Stable) A3

Indus Sports Resorts Private Limited *

Indus Tropics Limited LBB(Stable) A4

Indus Westside Healthcare Private Limited LC

Industrial Development Corporation of Orissa Ltd. LBBB-(Stable) A3

Page 27: icra

Company Name Long Term Short Term

Infinity Industries Pvt Ltd LBB (stable) A4

Infinity.Com Financial Securities Limited LBBB(Stable) A2

Infronics Systems Limited LBB (Stable)

In-Land Builders LBB(Stable)

Inland Conware Private Limited *

Inland Road Transport Private Limited LBB(Stable) A4

Innmar Tourism and Hotels Private Limited LBBB-(Stable)

Innoventive Industries Limited LBB (Stable) A4

Insecticides (India) Limited LA- (Stable)* A2+*

Institute of Chartered Financial Analysts of India LA-

InTarvo Technologies Limited ^ ^

Intas Pharmaceuticals Limited LAA (Stable) A1+

Intec Infonet Private Limited LBB+(Stable) A4+

Inter Gold Gems Private Limited

LBBB+ (SO)

(stable) A2 (SO)

Intercontinental Consultants & Technocrats Private Limited LA+(Stable) A1+

Intercontinental Infrastructure Limited. LBB+(stable) A4+

Interglobe Hotels Private Limited LBBB-(Stable)

International Automotive India Private Limited LBB (stable) A4

International Autotrac Finance Limited * *

International Combustion (India) Limited LA-(Stable) A1

International Electron Devices Limited LC A5

International Hospital Limited LA+ (Stable)

International Loha Bhandar Private Limited LBB (Stable)

International Mineral Trading Company Private Limited LBB- (Stable) A4

International Seaport Dredging Limited LBBB- (Stable) A3

International Seaports (Haldia) Private Limited LBBB+(Stable) A2+

International Thread Company Private Limited LBB+(SO)stable A4+(SO)

International Tractors Limited LAA(stable) A1+

Intime Spectrum Securities Limited LBBB- A3

Inventure Growth & Securities Limited A3+

Iqu Power Company Private Limited LC

IRM Limited LBBB- (Stable) A3

ISGEC HACO Metal Forming Machinery Private Limited LBB+(stable)

Ishita Steel Traders Private Limited LB+ A4

ISKCON Charities *

Iskrupa Mall Management Company Private Limited LBB-(Stable)

Island Star Mall Developers Private Limited LBB+

Isolloyd Engineering Technologies Limited LA+(SO) A1+(SO)

Ispat Traders (India) Private Limited LBB (Stable)

Itarsi Oils & Flours Limited LBB+(Stable) A4

ITD Cementation India Limited LBBB+(Negative) A2+

ITD Cementation India Limited LBBB+ A2+

ITP Limited LBBB (Positive)

Ivax Paper Chemicals Limited LBBB-(Stable) A3

IVRCL Infrastructures & Projects Limited LA+ A1

J J Vora ^

J K Associates ^ ^

J Kumar Infraprojects Limited ^

J S Auto Private Limited LBB+(stable)

J. K. Enterprise LB A4

J.N.B. Steel industries Private Limited LBB- (stable) A4

Jabalpur Entertainment Complexes Private Limited LB

Jabs International Private Limited LBBB-(Stable) A3

Jade Blue Lifestyle India Limited LBBB-(Stable)

Jagannath Sponge Private Limited ^ ^

Page 28: icra

Company Name Long Term Short Term

Jagatjit Industries Limited LBBB (Positive) A2

Jagdish Chand Gupta, Engineers & Contractors LB-(stable)

Jagnath Cotton Ginning & Pressing Pvt. Ltd LB+

Jaguar Overseas Limited LBBB-(Negative) A3

Jai Aravali Industries LBBB-(Stable) A3

Jai Gopal International Impex Private Limited LBB-(Stable) A4

Jai India Weaving Mills Private Limited LBB (Stable) A4

Jai Prakash Educational Society LB+

Jai Raj Ispat Limited LBBB-(Stable) A3

Jaideep Ispat & Alloys Private Limited LBB-(Stable) A4

Jailaxmi Casting & Alloys Private Limited LBBB-(Stable) A3

Jaimin Jewellery Exports Private Limited ^

Jain Rice Mill LB+

Jaina Marketing & Associates LBBB A3+

Jaina Marketing Appliances Private Limited LBBB A2

Jaiprakash Associates Limited LA (stable) A1

Jaipur Integrated Texcraft Park Private Limited LBB(Stable)

Jaipuria Infrastructure Developers Private Limited LB-

Jajoo Enterprises Limited LBB (Stable) A4

Jak Communications Private Limited LBB- (Stable) A4

Jakraya Sugar Limited LBB(stable)

Jaksons Developers Private Limited LBB (Stable)

Jalalabad Rice Exports Private Limited LB+

Jalpa Diamond A4

Jamna Auto Industries Limited LBBB(stable) A3+

Janpath Estates Private Limited LBB-(Stable)

Janta Land Promoters Limited LBB-

Jasch Plastics India Limited ^ ^

Jasper Industries Private Limited LBBB-(Stable) A3

Jassum Propcon Projects Private Limited LB+

Jaswant & Company LBB-(Stable) A4

Jawandamal Dhannamal LBB+ A4+

Jay Bharat Maruti Limited LA+(Stable) A1+

Jay Electrocom Industries * *

Jay Polychem (India) Limited LBB+(Stable) A4+

Jayaalaxmi Mineral Private Limited LBB- (Stable)

Jayalakshmi Textiles Private Limited LC

Jayaswal Neco Industries Limited LBBB- (Stable) A3

Jayavelu Spinning Mills Private Limited LBB (Stable) A4

JayPee & Company LBB (Stable) A4

Jayshree Chemicals Limited LBBB- A3

Jayshree Die Castings Private Limited LB+ A4

Jayshree Tea & Industries Limited LA+ (Stable) A1+

JBM Auto Limited LBBB- (Stable) A3

JBM MA Automotive Private Limited LBB+(stable) A4+

JCT Limited LC+ A4

Jeevan Diesels and Electrical Limited LBB (Stable) A4

Jeewan Motors Private Limited LBB+(Stable) A4+

Jenil Steel Private Limited LBB+(Stable) A4+

Jet Airways (India) Limited LBBB-(Stable) A3

JetLite (India) Limited LBB+(Stable) A4+

Jharsanya Logistics Private Limited A4

Jhaveri Securities Limited LBB+ (stable) A4+

JHS Svendgaard Hygiene Products Limited LBBB-(Stable) A3

JHS Svendgaard Laboratories Limited LBBB-(Stable) A3

Page 29: icra

Company Name Long Term Short Term

Jhunjhunwala Oil Mills Limited LBB A4

Jhunjhunwala Trading Private Limited LB+

Jindal Drilling & Industries Limited LA- (Stable) A1

Jindal Mectec Private Limited ^ ^

Jindal Oil & Fats Limited ^ ^

Jindal Power Limited LAA(stable) A1+

Jindal Saw Limited A1+

Jindal Steel and Power Limited LAA (Stable) A1+

Jindal Steel Products Limited LBB- (Stable) A4

Jindal Texofab Limited LBB (Stable) A4

Jindal Waterways Limited LBB+(Stable)

Jindal Waterways Limited LBBB-(stable) A3

JKC General Trading Company A4+

JKM Infra Projects Private Limited LBBB- (Stable)

JKS Construction Private Limited LBB (Stable)

JMD Limited LBB +(Stable) A4+

JMJ Education Society LBB- (Stable)

JN Auto Private Limited LBB-(Stable) A4

Jocil Limited LA A1

Johnson Enterprise Limited LBB- (Stable) A4

Johnson Jewellers LBB- (Stable)

Joindre Capital Services Limited LBBB- A3

Jolly Agri Exim Private Limited LBB- (Stable)

Jotindra Steel and Tubes Limited LB+ A4

Joyalukkas India Limited LA (Stable) A1

Joyshree Powerol LBB-(Stable)

JP Flour Mills Private Limited LBB(Stable) A4

JP Foil Limited LB+ A4

JS Fashions (INTL) Private Limited LBB (Stable) A4

JSK Hotels Private Limited LBBB-(stable) A3

JSK Marketing Private Limited LBB+(Stable) A4+

JSL Ispat Private Limited ^

JSR Constructions Private Limited LC A5

Juhi Alloys Limited LBB+ (stable)

Juken Uniproducts Private Limited LBBB (SO) Stable A3+(SO)

Jumbo Bag Limited LBBB- A3

Jupitar Coke & Energy Private Limited LBB (stable)

Jupitar Ispat Private Limited LBB+(Stable)

Jupitar Spun Pipes & Casting Private Limited LBBB-(stable)

Jushi (India) FRP Accessories Private Limited A4

Just Textiles Limited LC A5

JV Steel Traders LBB- (Stable)

JV Steel Tubes LBB- (Stable)

Jyot Overseas Private Limited LBB+(Stable) A4+

Jyoti CNC Automation Private Limited LB A4

Jyoti Strips Private Limited LB+ A4

Jyotirmaye Textiles Private Limited LB+

K H Arind Private Limited A3+

K H Shoes Private Limited LBBB A3+

K K Continental Trade Limited ^ ^

K K Silk Mills Private Limited LBB(Stable) A4

K M Sugar Mills Limited LC+ A4

K N Diamond LBB-(Stable) A4

K P Garments Private Limited LB+ A4

K P Sanghvi & Sons A2

Page 30: icra

Company Name Long Term Short Term

K R Pulp and Papers Limited LBBB- A3

K S C Educational Society LBB-(Stable)

K S Commodities Private Limited ^ ^

K V Aromatics Private Limited LBB (Stable) A4

K. S. R. Textile Mills Private Limited LB+

K.K. Proteins Private Limited LB+

K.P.N. Textile Mills Ltd LC

Kabeer Textiles Private Limited LBBB-(stable) A3

Kadakia Plastics and Chemicals Pvt. Ltd LC A5

Kadalkanny Frozen Foods * A4

KAEFER Punj Lloyd Limited LBBB+ (Stable) A2+

Kailash Ginning & Pressing Private Limited LC

Kainya Steel Corporation LB A4

Kaira Can Company Limited LBBB- (stable) A3

Kajaria Ceramics Limited LBBB (Stable) A3+

Kakinada Seaports Limited LA-(Stable) A2+

Kalapurna Steel & Engineering Private Limited LBB (Stable) A4

Kale Consultants Limited LA (stable) A1

Kalindee Rail Nirman (Engineers) Limited LBBB (Stable) A2

Kalinga Commercial Corporation Limited LBBB (Stable) A3+

Kalinga Institute of Industrial Technology ^

Kalinga Sponge Iron Limited LC A5

Kallam Agro Products & Oils (P) Limited LBB+(Stable)

Kallam Spinning Mills Limited LBB(stable) A4

Kalpataruvu Spinning Mills Limited LBB(Stable)

Kalptaru Alloys Private Limited LB+ A5

Kalptaru Papers Limited LB+ A4

Kalyan Gold Creations LBBB- (Stable)

Kalyan Jewellers Kollam and Erode LBBB- (Stable)

Kalyan Jewellers Madurai LBBB- (Stable)

Kalyan Jewellers Salem LBBB- (Stable)

Kalyan Jewellers Salem Private Limited LBBB- (Stable)

Kalyan Jewellers Tuticorin LBBB- (Stable)

Kalyan Silks Trichur Private Limited LBBB- (Stable)

Kalyan Toll Infrastructure Limited LBBB-

Kalyani Carpenter Special Steels Limited LA+(Stable) A1+

Kalyani Hayes Lemmerz Limited LA-(Stable) A1

Kalyani Steels Limited LA+ (Stable) A1+

Kalyani Thermal Systems Limited LBBB- (Stable) A3

Kamadgiri Synthetics Limited LBBB-(Stable) A3

Kamal Auto Industries LBB-(stable) A4

Kamal Auto Industries Coach Works Private Limited LB+ A4

Kamal Autofinance Limited LBB (Stable)

Kamal Construction Company LBB(STABLE) A4

Kamal Sponge Steel and Power Limited LBB+(Stable) A4+

Kamdhenu Ispat Limited LBBB (Stable) A3+

Kamdhenu Polymers Private Limited LBB- (Stable) A4

Kamineni Hospitals Private limited LBBB (Stable) A3+

Kamla Shanti Landmarc Properties Private Limited *

Kamman Corporation LBBB- (Stable) A3

Kanaka Infratech Limited LB+ A4

Kanakadhara Ventures Private Limited LBB+(Stable) A4+

Kanakadurga Leasing & Finance Limited LBB(Stable)

Kanakia Spaces Private Limited LB+

Kanchan India Limited LBB+(Stable)

Page 31: icra

Company Name Long Term Short Term

Kanco Enterprises Limited LB+ A4

Kanco Tea & Industries Limited LBBB- (Stable) A3

Kanderi Fruitpack Private Limited LBB-(Stable) A4

Kandhari Beverages Private Limited LA- (Stable) A1

Kandhari Hotels Private Limited LBB+(Stable) A4+

Kaneriya Oil Industries LBBB- (stable)

Kanhha Cables Private Limited LBB (Stable) A4

Kanishk Gold Private Limited ^

Kanishk Steel Industries Limited LBBB-(Stable) A3

Kanodia Technoplast Limited LBB-(Stable) A4

Kanohar Electricals Limited LBB+(stable) A4+

Kanoria Sugar & General Manufacturing Company Limited LD A5

Kanpur Edibles Private Limited LBB-(Stable) A4

Kantilal Chhaganlal Securities Private Limited LBB+(Stable) A4

Kanwarji Construction Co LBB+(Stable) A4+

Kapoor Industries LBBB (Stable) A2

KAPOTEX INDUSTRIES PRIVATE LIMITED LB+ A4

Kar Mobiles Limited LBBB(Stable) A3+

Karam Auto Components Limited LB+ A4

Karamtara Engineering Private Limited LBBB+(Stable) A2+

Karamtara Fasteners Private Limited LBBB(stable) A2

Karamtara Steel Private Limited LBBB (Stable) A2

Karan Polypack Private Limited LBB (Stable) A4

Karan Synthetics India Pvt Ltd LBB (Stable) A4

Karia Developers & Builders LBB (Stable)

Karishma Exports A4

Karishma Global Mineral Export Private Limited A4

Karna International LB+ A4

Karnataka Education Society LBBB- (Stable)

Karnataka Handloom Development Corporation Limited LBB+ (Stable)

Karnataka Neeravari Nigam Limited LA(SO)

Karnataka Plastoo Industries (P) Limited LBBB-(Stable)

Karnataka Power Corporation Limited LA- (Stable) A2+

Karnataka Water and Sanitation Pooled Fund LA+(SO)

Karnawat Associates Pvt. Ltd LBB- (Stable) A4

Karuturi Foods Private Limited LA(SO)

Karuturi Global Limited LA A1

Karuturi Telecom Private Limited LA-(SO) A1(SO)

Kashi Jewellers LBBB-(stable) A3

Kashmir Apiaries Exports LB

Kasim Coal and Logistics Private Limited LBB(stable) A4

Kasliwal Automotives Private Limited ^

Katha Mediatix India Limited LBBB-(Stable)

Katti-Ma Exports Private Limited A4+

Kaushik Global Logistics Limited LBB+ (Stable)

Kausthubha Project Private Limited LBB (Stable)

Kaveri Polymers LBB+(stable)

Kaveri Silk Mills Private Limited LB+

Kay Bouvet Engineering Private Limited LBBB (Stable) A3+

Kaygaon Paper Mills Limited LBB (Stable) A4

KB Mall Management Company Limited LBBB- (Stable)

KBJ Hotel & Restaurants Limited LBB-(stable)

KBJ Jewellery Private Limited LBB (Stable) A4

KBK Chem Engineering Private Limited LA+(SO) Stable A1+(SO) Stable

KCP Projects Limited LBB+*

Page 32: icra

Company Name Long Term Short Term

KEC International Limited LA+ A1

Kejriwal Paper Limited ^ ^

Keltech Energies Limited LBBB (Stable)

Kemwell Private Limited LBBB-(Stable) A3

Kenersys India Private Limited LBBB- (Stable) A3

Kenzo International LBBB+(Stable) A2+

Keshri Export A3

Ketan Plastic Industries Private Limited LBB (Stable) A4

Keti Construction (India) Limited LBBB-& A3&

Keti Sangam Infrastructure (India) Limited LBBB-(stable)

Keventer Agro Limited LBBB(stable) A3+

Kewalram Textiles Private Limited ^ ^

Keya International LBB-(Stable) A4

KG Fabriks Limited LC+ A4

Kgeyes Residency Private Limited LBBB-(Stable)

KGS Developers Limited LBBB (Stable) A3

Khalilabad Sugar Mills Private Limited LD A5

Khandelwal Laboratories Private Limited LBBB-(Stable) A3

Khanna Industrial Pipes Private Limited LBBB-(Stable) A3

Khatushyam Processors (P) Limited LBB- (Stable)

Khazana Jewellery Private Limited * *

Khemi Filaments Limited LBB- (Stable) A4

Kherani Paper Mills Private Limited LBB+(Stable) A4+

Khetan Sponge & Infrastructure Private Limited LBB+(Stable) A4+

Khimji Visram & Sons (Commission Department) A3

Khosla Engineering Private Limited LBB+(Stable) A4+

Khosla Profil Private Limited LBBB-(stable) A3

Khushbu Auto Finance Limited *

KIFS Securities Private Limited A2+

Kikani Exports Private Limited A4

Kilburn Engineering Limited LBBB+ (Stable)

Kimaya Fashions Private Limted LBB+(stable)

Kineco Private Limited LBB- (Stable) A4

Kinfotech Private Limited LB

Kiran Flour Mills Industries Private Limited LBBB+(SO) Stable

Kiran Global Chems Limited LBBB-@ A3@

Kiran Infra Engineers Limited LBB+(Stable) A4+

Kiran Infra Ispat Limited LBB-(Stable) A4

Kiran Udyog Private Limited LBBB (Stable) A3+

Kirloskar Integrated Technologies Limited LA+ (Stable) A1+

Kirti Agrotech Limited LBB (stable)

Kirti Agrovet Limited LBB (stable)

Kirti Dal Mills Limited LBB (stable)

Kirti Foods Limited LBB (stable)

Kirti Solvex Limited LBB (stable)

Kisan Irrigation Ltd LBBB-(Stable) A3

Kisan Mouldings Ltd LBBB-(Stable) A3

KJS Cement Limited LBB+ (Stable)

KlenePaks Limited LBB(stable) A4

KMC Constructions Limited LB+

KNK Ship Management LBB+ (Stable)

Kohinoor CTNL Infrastructure Company Private Limited LBB+(Stable)

Kohinoor Education Trust LBB (Stable) A4

Kohinoor Elite Hotel Pvt. Ltd LBB (Stable) A4

Kohinoor Hospitals Private Limited LBB (Stable)

Page 33: icra

Company Name Long Term Short Term

Kohinoor Planet Constructions Private Limited LBB+ (Stable) A4+

Komal Foods Private Limited LBBB+(Stable) A2+

Komal Texfab Private Limited LBB (Stable)

Komos Automotive India Private Limited LBB+(Stable)

KONE Elevator India Private Limited LAA+ (Stable) A1+

Kongovi Electronics Private Limited LBB- (Stable) A4

Koomber Tea Company Private Limited LA+(Stable) A1+

Koppal Green Power Limited LBB (Stable)

Kota Dall Mill LBB+ (Stable) A4+

Kotak Mahindra Prime Limited LAA (Positive)

Kotak Urja Private Limited LBB+(stable) A4+

Kothari Cars Private Limited LBBB (Stable)

Kothari Sugars and Chemicals Limited ^

Koutons Retail India Limited ^ ^

Kox Med & Lab Private Limited LBB+(Stable) A4+

Koyo Tech Electro Private Limited LBB (Stable) A4

KRBL Limited LA+(Stable) A1+

KRF Limited LBBB- (Stable) A3

KRIBHCO Continental Multimodel Logistic Park Limited LBBB-(Stable)

Krishidhan Seeds Limited LBBB (Stable)

Krishna Gems LBB- (Stable) A4

Krishna Maruti Limited LA(Stable) A1

Krishna Polypacks Private Limited LBB+(Stable)

Krishna Profiles Private Limited LBB-(Stable) A4

Krishna Sales Corporation LBB (Stable) A4

Krishna Tissues Private Limited LBB+(Stable) A4+

Krishna Traders LBB+ (Stable) A4+

Krishnaganga Spinning Mills Private Limited LBB- (Stable)

Krishnamurthy Spinning Mills Private Limited LBB- (Stable) A4

Krishnapatnam Oils and Fats Private Limited LBBB- (Stable) A3

Krishnapatnam Port Company Limited LBBB(Stable)

Krishnaveni Sugars Limited LBB+(negative) A4+

Krushna Cotex Private Limited LB+ A4

KSB Pumps Limited LAA (Stable) A1+

KSH International Private Limited LBBB (Stable) A3+

Ksheer Sagar Developers Private Limited

LBBB+(SO)

(Stable)

KSK Mineral Resources Private Limited LBBB- (SO)

KSL Constructions Private Limited LB- A4

Kudos Chemie Limited LBBB- (Stable) A3

Kuldip Oswal Hosiery Mills (Private) Limited LBB (Stable) A4

Kumar Brothers (Chemists) Private Limited LBB- (stable) A4

Kumaragiri Electronics Limited LB A4

Kumaragiri Textiles Limited LB A4

Kurlon Limited LBBB+(stable)

Kusum Healthcare Private Limited LBBB (Stable)

Kyungshin Industrial Motherson Limited LAA-(Stable)

L G Balakrishnan and Bros Limited LA(Stable) A1

L M Sagar Exports LBB- (Stable) A4

L R Sharma & Company LBB+(Stable)

L&T Bangalore Airport Hotel Limited *

L&T Chennai Tada Tollway Private Limited LBBB-&

L&T Halol Shamlaji Tollway Private Limited LBBB-(Stable)

L&T Infrastructure Development Projects Limited LAA(Stable)

L&T Infrastructure Finance Company Limited LAA+(Stable)

L&T Krishnagiri Thopur Toll Road Limited LBBB+(Stable)

Page 34: icra

Company Name Long Term Short Term

L&T Krishnagiri Walajahpet Tollway Private Limited LBBB (Stable)

L&T Narmada Infrastructure Construction Enterprise Limited LAA-(Stable)

L&T Panipat Elevated Corridor Limited LBBB (Stable)

L&T Sargent & Lundy Limited LAA-(stable) A1+

L&T Transco Private Limited LA(Stable)

L&T Transportation Infrastructure Limited LA+ (Stable)

L&T Western Andhra Tollways Private Limited LA- (Stable)

L.M. Foods LB+

L.R. International Private Ltd LB+

La Gajjar Machineries Private Limited LBBB- (Stable) A3

La Opala RG Limited LBBB-(Stable) A3

Lafarge Aggregate and Concrete India Private Limited LA- A1

Lahoti Terra Knitfab Limited LB

Laila Nutraceuticals LB+ A4

Lakshmi Cot-Gin Private Limited LB+

Lakshmi Sugar Mills Company Limited LBB-(Stable) A4

Lakshmi Transformers & Electricals LBB (Stable) A4

Lala Munni Lal Mange Ram Charitable Trust LBBB-(Stable)

Lall Construction Company LBB+(Stable) A4+

Lalsons Jewellers Limited LBB+(Stable) A4+

Lamco Industries Private Limited LBBB- (Stable)

Lamos (India) Exports Private Limited A4

Lanco Solar Private Limited LBBB-(Stable)

Lancy Constructions LB+ A4

Landis+Gyr Limited LBBB(Stable) A2

Landis+Gyr Limited LAAA(SO)(stable) A1+(SO)

LAP Ross Engineering Limited LA- (Stable) A1

Lathiya Brothers & Company LBB- (Stable) A4

Lavis Signature Panel Private Limited LB+ A4

Lavu Educational Society LB-

Laxcon Steels Limited LBBB-(Stable) A3

Laxmi Agro Industries LB+

Laxmi Civil Engineering Services Private Limited ^ ^

Laxmi Diamond Private Limited ^ ^

Laxmi Memorial Education Trust LBB+(Stable)

Laxmi Organic Industries limited LBBB-(stable) A3

Laxmi Pipes & Fittings Private Limited LBB-(Stable) A4

Laxmi Solvex LBB-(Stable) A4

Laxmi Vishal Fabrics Private Limited LBB-(Stable)

Leela P Clothing Private Limited LC

Legacy Foods Private Limited LBBB(stable)

LeoDuct Engineers and Consultants Limited LBB+(Stable) A4+

Lexus Granito India Private Limited LB

LGB Forge Limited LA(SO) (Stable)

LH Sugar Factories Limited LBBB+(Negative) A2+

Liberty Marine Syndicate Private Limited LBB+(Stable) A4+

Liberty Phosphates Limited ^ ^

Lifestyle Sarees Private Limited LBB- (Stable)

Light Alloy Products Limited LA+(Stable) A1+

Lilliput Kidswear Limited LA-(Stable) A1

Limbavali Power Private Limited LBBB- (SO)

Limbavali Power Private Limited LBBB-(SO) (Stable)

Link Enterprises LBB (Stable) A4

Link Up Textiles Limited LBB+(Stable) A4+

Lipi Data Systems Limited LBBB (Stable) A2

Page 35: icra

Company Name Long Term Short Term

Little Bee Products LC

Live 100 Hospital Private Limited LB-

Livon Ceramic LBB-(Stable) A4

Lloyd Insulations (India) Limited LA+(Stable) A1+

Logix Buildtech Private Limited LB+

Logix Infrastructure Private Limited LBB (Stable)

Loha Ispaat Limited LBBB+(Stable) A2+

Lok Chemicals Private Limited LBB (stable) A4

Lokmangal Agro Industries Limited LC

Lokmangal Sugar Ethanol and Cogeneration Industries Limited LB-

Lord Krishna Educational Trust LC A5

Lords Chloro Alkali Limited LBB (Stable)

Lorenzo Vitrified Tiles Private Limited LBB+ (Stable) A4+

Lotus Ornaments Private Limited A4+

Lovelock & Lewes LA+ A1

Lovely Fab Prints Private Limited ^

LPF Systems Private Limited LBB- (Stable) A4

LT Foods Limited LBBB-(Stable) A3

Lucid Gems LBB (Stable) *

Lucky Exports A3

Lucky Steel Industries LBB (Stable) A4

Lumax Automotive Systems Limited LBB-(stable) A4

Lumax Industries Limited LA-(Stable) A1

Luni Power Company Private Limited Lc

Lupin Limited A1+

Luxmi Tea Company Limited LBBB+ (Positive) A2+

M A Khizar Hussain & Sons A3+

M and B Switchgears Limited LBBB- (Stable) A4

M D Overseas limited LBBB(stable)

M K Roy & Bros Projects Private Limited LB+ A4

M K Shipping & Allied Industries Private Limited LBB+ A4+

M Kantilal Exports A5

M L Rice Mills LB+

M M Exports (India) A4

M N Polytex Private Limited LBB-(Stable)

M P Khaitan LBB (Stable)

M P Recycling Company Private Limited LBB- (Stable) A4

M R Shah Logistics Private Limited LBB+(Stable) A4+

M S Khurana Engineering Limited LBBB+(Stable) A2+

M V Food Industries Limited LBB(Stable)

M V Shiptrade Private Limited LBB (Stable) A4

M&M Cocoa Products Private Limited LC+

M. Pallonji & Company Private Limited LA+(Stable) A1+

M.P. Entertainment and Developers Private Limited LB

M/s A B Gold Private Limited LBB(stable)

M+ Acer Automotive Systems Private Limited LBB (Stable) A4

Maa Ambay Jewellers Private Limited LBB-(Stable) A4

Maa Shakambari Steel Limited LBB+ (Stable) A4+

Maa Tarini Industries Limited LBB (Stable)

Maa Television Network Limited LA (Stable) *

Mabel Engineers Private Limited LBB- (Stable) A4

Machino Auto Comp Private Limited LBB-(Stable) A4

Machino Polymers Limited LBBB+(Stable) A2+

Mackintosh Burn Limited LBBB+(Stable) A2+

Macro Polymers Private Limited LBBB-(Stable) A3

Page 36: icra

Company Name Long Term Short Term

Macurex Sensors Private Limited LBB+(Stable) A4+

Madhav Cotton Ginning & Pressing Factory LBB-(stable)

Madhav Ginning and Pressing Pvt Ltd LB+

Madhu Jayanti International Limited A4

Madhu Mineral Enterprises A3@

Madhucon Agra Jaipur Expressways Limited LBBB- (Stable)

Madhucon Granites Limited LBBB+(Stable)

Madhucon Projects Limited LA+ (Stable)

Madhucon Sugar and Power Industries Limited LBBB-(Stable)

Madhuri Commodities Private Limited LBB(Stable)

Madhya Gujarat Vij Company Limited LA-(Stable) A2+

Madhya Gujarat Vij Company Limited LA-(Stable) A2+

Madras Cements Limited LA+ (Stable) A1+

Madras Medical Mission LBB-(Stable) A4

Madurai Power Corporation Private Limited LA (Stable) A1

Madurai Tuticorin Expressways Limited LBBB+ (Stable)

Maestro Fashions LBB+(Stable) A4+

Magick Woods Exports Private Limited LBB+(Stable) A4+

Magma Mettcast Limited LB- A4

Magna Infotech Private Limited LBB+(Stable)

Magneti Marelli SKH Exhaust Systems Private Limited LBB (Stable)

Magnum Estates Limited LBB(Stable) A4

Magnum Sea Foods Limited LBB(Stable) A4

Magnum Steels LBB(stable)

Magnum Ventures Limited LC

Magppie Exports Private Limited LB

Magppie International Limited ^ ^

Magtel Power Systems Private Limited ^ ^

Mahalakshmi Infraprojects Limited LBBB+ (Stable) A2

Mahalakshmi Profiles Private Limited LB+

Mahalaxmi Dyes & Chemicals Limited LBB(Stable) A4

Mahalaxmi Rubtech Limited LBBB (Stable) A3+

Mahan Plastics Private Limited LBBB-(stable) A3

Maharaja Agrasen Technical Education Society LBBB+(Stable)

Maharaja Shree Umaid Mills Limited LBBB+(Stable) A2+

Maharashtra Academy of Engineering & Educational Research LA- (Stable)

Maharashtra Elektrosmelt Limited LAA(positive) A1+

Maharashtra Power Transmission Structures Private Limited LBB(stable) A4

Maharashtra Seamless Limited LAA+(Stable) A1+

Maharashtra Steel Private Limited LBB-(Stable) A4

Maharashtra Steel Rolling Mills Private Limited LBB (Stable) A4

Maharishi Ayurveda Products Private Limited A4

Mahasemam Trust LBB (Stable)

Mahati Hydro Power Projects Private LBB (Stable)

Mahatma Education Society ^

Mahatma Gandhi Vidya Peetha Trust A2

Mahaveer Ginning and Pressing LBB-(stable)

Mahavir Ashok Enterprises Private Limited LBB+ (Stable)

Mahavir Inductomelt Private Limited LBB+ A4+

Mahavir Rolling Mill Limited LBB+ (Stable) A4+

Mahavir Ship Breakers LBB-(Stable) A4

Mahesh Agri Exim Private Limited LB+ *

Mahesh Kumar Spinning Mills Private Limited LB+ A4

Maheshwari Logistics Private Limited LBB+(stable) A4+

Mahindra & Mahindra Limited LAA+ (Stable) A1+

Page 37: icra

Company Name Long Term Short Term

Mahindra Castings Limited LBBB- (Positive) A3

Mahindra Castings Private Limited LBBB- (Stable) A3

Mahindra Intertrade Limited LAA(stable) A1+

Mahindra Lifespace Developers Limited LA+(Stable)

Mahindra Logistics Limited LA+ (Stable) A1+

Mahindra Navistar Automotives Limited LA+ (Stable)

Mahindra Navistar Engines Private Limited LA (Stable) A2+

Mahindra Sona Limited LA+(Stable) A1+

Mahindra Steel Service Centre Limited LA+ (Stable) A1+

Mahindra Vehicle Manufacturers Limited LAA (Stable)

Mail Order Solutions (India) Private Limited LBBB(Stable)

Maini Precision Products Private Limited LBBB+(Stable) A2

Majestic Auto Limited LA-(stable) A1

Makhariya Agrotech Private Limited LB+

Malabar Hotels Private Limited LC A5

Malani Construction Company LBB+(stable) A4+Malegaon Manmad Kopergaon Infrastructure & Toll Road

Private Limited *

Malhotra Rubbers Limited LBB+(Stable) A4+

Maliwal Impex Private Limited ^ ^

Mallcom India Limited LBB (stable) A4

MALLIKARJUN DISTILLERIES PRIVATE LIMITED LD

Malu Paper Mills Limited LB A4

Maluk Educational Health and Charitable Trust LBB-(Stable)

Malwa Industries Limited LC A5

Manan Autolink Private Limited LBB- (stable) A4

Manappuram General Finance and Leasing Limited LA+Stable A1+

Manappuram Jewellers Private Limited LBB+(Stable) A4+

Manav Gems A4

Manav Promoters Private Limited LBBB-(Stable) A3

Mandava Cotton Mills Private Limited LC+ A5

Mandovi Casting Private Limited LBB (Stable) A4

Mandovi Drydocks LBB+(Stable) A4+

Mangalagiri Textile Mills Private Limited LBB-(Stable)

Mangalam Alloys Limited LBBB-(stable) A3

Mangalam Timber Products Limited LB+ A4

Mangalam Ventures Limited LBB+(Stable) A4+

Mangalore Refinery and Petrochemicals Limited LAAA (Stable) A1+

Mangalore Refinery and Petrochemicals Limited LAAA (Stable) A1+

Manglam Build Developers Private Limited LBB- (Stable)

Manglam Education Society LBB- (stable)

Mani Exports LBB+(Stable) A4+

Maniam Properties Private Limited LB+

Manipal Academy of Higher Education LAA-(Stable)

Manipal Health Systems Private Limited LBB&

Manipal Universal Learning Private Limited LBBB (Stable)

Manjeet Cotton Private Limited LBB+(Stable) A4+

Manjooran Housing Development Company Private Limited LBB- (stable)

Manmatha Nath Kundu & Son´s LBB (Stable) A4

Mann Hummel Filter Private Limited A3+

Manney Engineering Private Limited ^

Manohar Filaments Private Limited LBB+(Stable) A4+Manoj Cables Limited (erstwhile Manoj Cable Company Private

Limited) LBB+(Stable) A4+

Manraj Jewellers Private Limited ^ ^

Mansha Agencies Private Limited LBBB- (Stable) A3

Mantora Oil Products Ltd LBB (Stable)

Page 38: icra

Company Name Long Term Short Term

Manubhai Mangaldas Securities Pvt. Ltd. A4+

Manyata Promoters Private Limited LBBB-(Stable) A3

Manyata Promoters Private Limited LBBB- (SO)!

Marinelines Ship Breakers Private Limited LBB (Stable) A4

Maris Hotels & Theatres Private Limited LBB+ (Stable)

Maris Spinners Limited LBB (Positive) A4

Maritime Energy Heli Air Services Private Limited LC A5

Mariya Ship Breaking Private Limited. LBB (Stable) A4

Marmagoa Steel Limited LBB-(Stable) A4

Marpol Private Limited LBBB- A3

Mars Builders LBB+(Stable)

Marudhar Fashions LBB(Stable) A4

Marudhar Industries Limited LBB+ (Stable) A4+

Maruti Comforts and Inn Private Limited LBBB-(Stable)

Maruti Cotex Limited LC A5

Maruti Papers Limited LB+ A4

Marvel Vinyls Limited LBB (Stable) A4

Marvelous Engineers Private Limited LBB-(Stable) A4

Marwar Carpets International ^

Master Capital Services Limited A3+

Mather & Platt Pumps Limited LBBB+* A2*

Matrix Clothing Private Limited LBBB-(Stable) A3

MATS Minerals & Logistics Pvt. Ltd. LBB- (Stable) A4

Max Infratech (India) Private Limited *

Maxpower Infosystems LA- A1

Mayur Dye-Chem Intermediates Limited LBBB- (Stable) A3

Mayur Roller Flour Mills Private Limited LBB- (Stable) A4Mayur Veneer & Plywood Industries, A unit of Amrit Supply

Company Private Limited LBB (Stable) A4

Mayur Woven Private Limited LBB(Stable) A4

Mayuresh Protenz Private Limited LBB- (Stable) A4

Mazda Limited LA-(Stable) A1

MBL Infrastructure Limited LBBB+(Stable) A2

McCain Foods (India) Private Limited LA+(SO)(Stable)* A1+(SO)*

McLeod Russel India Limited LAA- (stable) A1+

McML Systems Private Limited LB+ A4

MCS Constructions Private Limited LBB-(stable)

MCS Trading Company Private Limited A4

MCX-SX Clearing Corporation Limited LAAA(SO)

MD Frozen Food Exports LBB(stable)

MD Frozen Food Exports Private Limited LBB (Stable)

Mecc Alte India Private Limited ^ ^

Mech & Fab Industries LBB- (Stable) A4

Mecon Limited LA-(Stable) A1

Medall Healthcare Private Limited LBB+(Stable)Media Content and Communication Services (India) Private

Limited LBBB-(Stable)

Medibios Laboratories Private Limited LB A4

MedPlus Health Services Private Limited LBB(Stable)

Medreich Limited LBBB(Stable) A2

Mega Vitrified Tiles Private Limited LBB (Stable) A4

Megafine Pharma (P) Limited LBBB-(Stable)% A3%

Megawin Switchgear Private Limited LBBB(stable) A3+

Mehadia Sales Trade Corporation LB+ A4

Mehta & Associates Fire Protection Systems Private Limited LBB+(stable) A4+

Mehta Brothers Gems Private Limited A4+

Mehta Petro Refineries Ltd LBBB-(Stable) A3

Page 39: icra

Company Name Long Term Short Term

Mehta Steels LBB (Stable) A4

Meltroll Engineering Private Limited LBB (Stable) A4

MEP Cotton Limited LC

Merck Limited LAA (Stable) A1+

Merck Specialities Private Limited LA+ A1+

Meredian Shipping Agency Private Limited ^

Meridian Chem-bond Limited LBBB-(Stable) A3

Meta Rolls and Commodities Private Limited LBB+ (Stable) A4+

Metal Closures Private Limited LBB- (Stable) A4

Metal Engineering & Treatment Company Private Limited LBBB-(Stable) A3

Metal Link Alloys limited LBBB-(Stable) A3

Metal Ore LBB+(Stable) A4+

Metalfab Hightech Private Limited LBBB (Stable) A3+

Metro Exporters Private Limited LBBB (Stable) A2

Metro Ortem Limited LBBB-(stable) A3

Metro Tyres Limited LBBB-(stable) A3

Metrocity Tiles Pvt. Limited LBB (Stable)

Metroworld Tiles Private Limited LBB-(Stable) A4

Metso Minerals (India) Private Limited LAA (Stable) A1+

Metzeler Automotive Profiles India Private Limited LA(Stable) A1

MFC Transport Private Limited LBBB (Stable) A3+

MG Group LB+

Mica Industries Limited LB- A4

Micro Industrial Corporation LBBB-(stable) A3

Micromatic Grinding Technologies Limited LBB-(Stable) A4

Microtek International Private Limited LBBB+ A2+

Microtex Energy Private Limited LBB+ (Positive) A4+

Microtrol Sterilisation Services Private Limited LBBB-(Stable) A3

Midco Limited LBB+ (Stable) A4+

Middle East Hotel Company Private Limited LBB (stable)

Milestone Mercandise Private Limited LB

Milkfood Limited LBB+(Stable) A4+

Millennia Infrastructure Private Limited LBB-(Stable)

Millennia Properties Private Limited *

Millennia Realtors Private Limited LBBB (Stable)

Millennium Greentech India Private Limited LB

Millennium Structural (I) Limited LBB- (Stable) A4

Mimani Wires Private Limited LBB- (Stable) A4

Minda Corporation Limited LBBB-(Stable) A3

Minda Industries Limited LBBB+ (Stable) A2+

Minera Steel and Power Private Limited LBBB-(Stable) A3

Mineral Enterprises Limited LBBB+@ A2@

Minestone ^

Minex Metallurgical Company Limited LA-(Stable) A2+

Mira Exim Limited LBB(stable) A4

Miraj Products Private Limited LB A4

Mirha Exports Private Limited LBB+(Stable) A4+

Mirza International Limited LBBB+(Stable)

Mithra Agencies ^ ^

Mitsu Chem Private Limited LBB-(stable) A4

Mittal Clothing Company LBB (Stable) A4

Mittal Corp. Limited LBBB-(Stable) A3

Mittal Sections Limited LBB- (Stable) A4

Mitter Fasteners LBB (Stable) A4

MJK Mercantiles Private Limited LBB (Stable) A4

Page 40: icra

Company Name Long Term Short Term

MK A4+

Mobis India Limited LA- (Stable) A1

Model Infra Corporation Private Limited LBBB-(Stable) A3

Modern Chemicals LBB-(Stable)

Modern Industries LBBB-

Modern Vidya Niketan Society LBBB(Stable)

Modest Infrastructure Limited LB (Stable) A4

Modi Naturals Limited LBB+(Stable)

Mohan Clothing Company Private Limited ^ ^

Mohan Meakin Limited LBB (Stable) A4

Mohan Spintex India Limited LBB+ (Stable) A4+

Mohindra Fasteners Limited LBB(Stable) A4

Mohit Industries Limited LBB+ A4+

Mohit Steel Industries Private Limited LBB (Stable) A4

Mohtisham Complexes Private Limited LBB*

Moldtek Plastics Limited LBBB(Stable) A2

Molekule (India) Private Limited LBBB (SO) A2 (SO)

Monarch Apparels (India) Limited LBB-(Stable)

Monarch Gems A4

Money Logix Securities Private Limited A4*

Monica Garments LBB(Stable) A4

Montex Glass Fibre Industries Private Limited LBB+(Stable) A4+

Mormugao Port Trust LA (Stable)

Mosaic India Private Limited A1

Motherson Climate System Limited A1(SO)

Motherson Sumi Infotech & Designs Limited LA-(Stable) A1

Motherson Sumi Systems Limited LAA (Stable) A1+

Motherson Techno Tools Limited LA+ (Stable) A1+

MPP Technologies Private Limited LBBB+(SO) (stable) A2+(SO)

Mr Lakshman LC

MRC Transolutions Private Limited LBBB+ (Stable) A2+

Mridul Enterprises LBB(Stable) A4

MRO-TEK Limited LBBB- A3

MSM Energy Limited LC

MTC Business Private Limited LBBB- (Stable) A3+

M-Tech Innovations Limited LC A5

Mukesh Industries Limited LBB

Mukesh Steels Limited LBB (Stable) A4

Mukesh Strips Limited LBB (Stable) A4

Mukesh Udyog Limited LBB+(stable) A4+

Mukta Industries Private Limited LBB-(Stable) A4

Muktar Minerals Private Limited LBBB-(stable) A3

Mulberry Silks Limited LBBB (Stable) A3+

Multilink LBB-(Stable) A4

Multiurban Infra Services Private Limited LB+

Mumbai Metro One Private Limited LBBB

Mundra International Container Terminal Private Limited LA(SO) (Stable) A2

Mundra Port and Special Economic Zone Limited LAA@ A1+@

Munjal Auto Industries Limited LAA- (Stable) A1+

Munjal Kiriu Industries Private Limited LBBB+(Stable)

Muscat Polymers Private Limited LBB (Stable) A4

Muthoot Hotels and Infrastructure Ventures Private Limited LBB+ (Stable) A4+

Muthoot Hotels Private Limited LBB+ (Stable) A4+

MVL Industries Limited LBBB- A3

My Home Power Limited LBBB (Stable)

Page 41: icra

Company Name Long Term Short Term

Mydeen Timbers A4

MYK Spinning Industries Limited LBB+ (Stable) A4+

Mysore Mercantile Company Limited LBB A4

N G Projects Limited LBB+(Stable) A4+

N K Proteins Limited LBB+(Stable) A4+

N Mohanlal Railtrack Private Limited LBB (Stable) A4

N T Recycling Company Private Limited LBB- (Stable) A4

Nagar Kopargaon Infrastructure Private Limited LD

Nahar Industrial Enterprises Limited LBBB+% A2+

Naini Plywood Private Limited LB+ A4

Nair Coal Services Limited LBBB- (Stable) A3

Nama Hotels Private Limited LBBB+(SO)(Stable)

Namakkal Transport Carriers Private Limited LBBB- (Stable) A3

Namakkal-Karur Toll Road Private Limited *

Namco Corp Limited LBB+(positive) A4+

Namo Alloys Private Limited ^ ^

Nanak Hi-Tech Private Limited LB-

Nandhi Dall Mills LBB (Stable) A4

Nandi Highway Developers Limited LBBB (Stable)

Nandi Vardhana Textile Mills Limited LBB (Stable) A4

Narbheram Power & Steel Private Limited LBBB-(Stable) A3

Narbheram Vishram LBBB+(Stable) A2+

Naresh N Shah LBB-(Stable)

Narmada Sugars Private Limited LC

Natco Pharma Limited LA+(Stable) A1+

Nathella Sampath Jewellery Private Limited * *

National Cooperative Development Corporation LAA-(Stable) A1+

National General Industries Limited LBB-(stable) A4

National Industrial Corporation Limited LBB-(Stable)

National Plastic Technologies Limited LB+ A4

National Polyplast (India) Limited LBB (Stable) A4

National Protein & Solvent Limited LBB+ A4+

National Steel and Agro Industries Limited LBBB-(Stable) A3

NATL Power Limited LBB (Stable)

Natural Sugar and Allied Industries Limited LBBB-(Stable) A3

Nav Bharat Tubes Limited ^ ^

Nav Jyoti Agro Foods LB

Navayuga Bengalooru Tollways Private Limited LBBB-(Stable)

Navayuga Engineering Company Limited LA (Stable) A1

Navdeep Construction Company LBB (Stable)

Navin Mehta & Company LBB (Stable) A4+

Navinchandra Laxmichand Shah A4

Navjyot International Trading Private Limited A4

Navkar Corporation Limited LBBB-(Stable)

Navneeta Steels Private Limited LBB(stable) A4

Navratna SG Highway Properties Private Limited LBB+ (Stable)

Navya Industries Private Limited ^ ^

Naxpar Pharma Private Limited LB+ A4

NBM Iron and Steel Trading Private Limited LBB (Stable) A4

NCC Urban Infrastructure Limited *

NCL Alltek & Seccolor Limited LBBB+(Stable) A2

NCL Industries Limited LB A4

Neco heavy Engineering and Castings Limited LB+ A4

Needle Industries India Private Limited LBBB-(Stable) A3

Neel Metal Products Limited LA+ (Stable) A1+

Page 42: icra

Company Name Long Term Short Term

Neelkanth Town Planners Private Limited LBB(Stable)

Neelkanth Urban Developers Private Limited LBB+(Stable)

Neesa Leisure Limited LBBB+(Stable) A2

Neev Infrastructure Private Limited LBBB (Stable) A2

Nehru Place Hotels and Real Estate Private Limited LBBB+(Stable)

Nehru Place Hotels Limited LA-(stable)

Nelcast Limited LA-(Stable) A1

Nemlaxmi Books (India) Private Limited LBB- (Stable) A4

Neo Structo Construction Limited LBBB+(Stable) A2

Neogal Power Company Private Limited LC

Net4India Limited LBB+(Stable) A4+

Netalkar Power Transmission LB

Network 18 Media and Investments Limited LBBB-&

Neumann Components Private Limited LBB+(Stable)

Neutral Glass & Allied Industries Private Limited LBBB+ (Stable) A2+

Neva Garments Limited LBBB- (Stable) A3

New Age Hotels and Resorts Limited LBB(stable)

New Horizons Limited LBB+ (Stable) A4+

New Modern Technomech Private Limited LBB+(Stable) A4+

Next Wave India LBBB- (Stable) A4+

Nextgen Printers Private Limited LBB-(Stable)

Neyveli Lignite Corporation Limited LAAA (Stable)

Nezone Industries Limited LBBB (Stable) A3+

Nezone Strips Limited LBBB-(Stable) A3

Nezone Tubes Limited LBBB-(Stable) A3

Nhava Sheva International Container Terminal Private Limited LA+(Stable) A1+

NHC Industries Private Limited LBB&

NICO Extrusions Private Limited LBB-(stable) A4

Nifty Labs Private Limited LB

NIG & Rich Infratech Private Limited LBB-(Stable)

Nikhil Adhesives Limited LBBB- A3

Nikhil Footwears Private Limited LBBB(stable) A3+

Nikhil International LBBB-(stable) A3

Nikhil Udyog LBBB-(stable) A3

Nikita Jewellery Private Limited A4

Nikiyog Buildwell Private Limited LBB+

Nik-San Engineering Company Private Limited LBB+(Stable) A4+

Nile Limited LBBB-(stable) A3

Nilgiri Food Products Private Limited LBB+(stable) A4+

Nilon´s Enterprises Private Limited * *

Nimbark Gems ^

Niraj Cement Structurals Limited LC- A5

Nirani Sugars Limited LB+

Nirav Gems LBB+(Stable) A4+

Nirmal Bang Securities Private Limited LBBB+(Stable) A2+

Nirmal Seeds Private Limited LBB (Stable)

Nitesh Residency Hotels Private Limited LBB- (stable)

Nithya Associates Private Limited LBB (Stable) A4

NKG Infrastructure Limited LBBB+* A2*

Nobel Hygiene Private Limited LBB+(stable) A4+

Noble Consolidated Glazings Limited LA+(SO) Stable A1(SO)

Noble Hospitals Private Limited ^ ^

Noble Ispat & Energies Limited LBB(stable) A4

North Delhi Power Limited LAA-(Stable) A1+

North Eastern Tubes Limited LBBB- (Stable) A3

Page 43: icra

Company Name Long Term Short Term

North Western Karnataka Road Transport Corporation LC

Northern Strips Limited LBBB-(stable) A3

Notandas and Sons LBBB- (Stable) A3

Notandas Gems Private Limited LBB+(Stable)

Nova ACR Services (India) Private Limited LBB+(Stable) A4+

Novatech Process Equipments Private Limited LBB (Stable) A4

Novodigm Limited * *

NRC Industries Limited LBB (Stable) A4

NSL SEZ (Hyderabad) Private Limited LBB- (Stable)

NSL Sugars Limited LBBB+(Stable) A2

NSL Textiles (Edlapadu) Limited LBB (Stable) A4

NSL Textiles Limited LBB (Stable) A4

NSL Tidong Power Generation Private Limited *

NSSL Limited LBBB- A3

NTPC - ALSTOM Power Services Private Limited LA+(Negative) A1+

NTPC Limited LAAA (Stable) A1+

NTPC Limited LAAA (Stable) A1+

Nusun Genetic Research Limited LBBB (Stable)

Nutan Ispat & Power Private Limited LBB(stable) A4

Nu-Tech Prasiddhi Consortium LB*

Nuziveedu Seeds Private Limited * *

Nyka Steels Private Limited LBB+ (Stable) A4+

Nypro Forbes Products Private Limited *

Ocean India Private Limited LBB-(stable)

Ocean Sparkle Limited LA+ (Stable) A1

OCL India Limited LAA-(Stable) A1+

Octamec Engineering Limited LBBB- (Stable) A3

Offbeat Developers Private Limited LBBB-

Oil Country Tubular Limited LA (stable) A1

Oil India Limited LAAA (stable) A1+

Oilco Services (India) Limited LBB(Stable) A4

Ojus Power and Technologies Private Limited LB

Okaya Power Limited LBBB- A3

Olive Lifesciences Private Limited LBB-(stable) A4

Om Anand Exports A4

Om Household Appliances Private Limited ^ ^

Om Kailash Cotton LB+

Om Logistics Limited LA+(Stable)

OMAX Autos Limited LBBB+(Stable) A2

Omaxe Buildhome Private Limited LB

Omaxe Infrastructure & Construction Limited LBB- (Stable) A4

Omega Promoters Private Limited LBBB-(stable)

Omicron Power Engineers Private Limited LBB+(Stable) A4+

Omjyoti Apparels LBB(Stable)

Omnitech InfoSolutions Limited LA-(stable) A1

ONGC Videsh Limited A1+

Onshore Construction Company Private Limited LBBB+ (stable) A2+

Oopal Diamond A4

Oopal Diamond ^

OPG Energy Private Limited LBBB+(Stable) A2+

OPG Industries Limited LBB+ (Stable) A4+

OPG Metals Private Limited LBB+ (Stable) A4+

OPG Power Generation Private Limited LBBB-(Stable) A3

OPG Power Gujarat Private Limited LBB (Stable)

Optima Cube Inframaterials Private Limited LBB (Stable) A4

Page 44: icra

Company Name Long Term Short Term

Opto Circuits (India) Limited LAA@ A1+@

Orbit Exports Limited LBBB- (stable) A3

Orient Ceramics & Industries Limited LBBB+@ A2+@

Orient Constructions Private Limited LBB+ (Stable) A4+

Orient Packaging LBBB-(stable) A3

Orient Steel & Industries Limited LBB+ (stable) A4+

Oriental Carbon & Chemicals Limited LBBB +(Stable) A2+

Oriental Hotels Limited LAA- (Stable) *

Oripol Industries Limited LBB(Stable) A4

Orissa Television Limited LBB+(Stable)

Osia Gems Private Limited A4+

OSL Exclusive Private Limited LBB (stable) A4

OSL Prestige Private Limited LBB (stable)

Osnar Chemical Private Limited LBB (Stable) A4

Oswal Agricomm Private Limited LBB- (Stable) A4

Oswal Arts Private Limited LBB (Stable) A4

Oswal Cable Products LBBB- (Stable)* A3*

Oswal Extrusion Limited LBBB-(Stable) A3

Oswal F M Hammerle Textiles Limited LB A5

Oswal Lumbers Private Limited LBB (Stable) A4

Oswal Pumps Limited LBB+(Stable)

Oswal Salt & Chemical Industries LB+ A4

Oswal Spinning and Weaving Mills Limited LC* A5*

Oswal Traders and Travels Private Limited LB+

Oswal Woollen Mills Limited LBBB+(Stable) A2

Outlook Publishing (India) Private Limited LBBB-(stable) A3

Overseas Carpets Limited A4

Ovis Equipments Private Limited LBB+(Stable)

Ovis Equipments Private Limited LBB+

Ovis Equipments Private Limited LBB+

Oxigen Services (India) Private Limited LBBB+(stable) A2+

Oyster Medisafe Limited ^

Ozone Projects Private Limited LBB (Stable)

P & R Agri Energy Private Limited LB

P C Chandra Jewellery Apex Private Limited LBBB+ (Stable)

P C Patel & Company LBB+(Stable) A4+

P D Agarwal Infrastructure Limited ^

P K & Company LB+

P M Granite Export Private Limited LB+ A4+

P N Memorial Neurocentre & Research Institute Limited LC

P P Products Private Limited A4

P R P Exports LBBB- A3

P S Camshafts Private Limited LB+ A4

P&R Engineering Services Private Limited LB-

P&R Gogaripur Hydro Power Private Limited LA+ (Stable)

P. R. Fasteners Private Limited LB+

P.A.S Cotton Mills Private Limited LC+ A5

P.C. Chandra (Jewellers) Private Limited LBBB(stable)

Padia Exports Private Limited A4

Padmavati Agencies Private Limited *

PAI International Electronics Limited LBB+ (Stable)

Palai Jyoti Banquet Private Limited LB+

Palani Vijay CottSpin Private Limited LBB+(Stable) A4+

Palla Textiles Private Limited LB+ A4

Paltech Cooling Towers and Equipments Limited LBB+ A4+

Page 45: icra

Company Name Long Term Short Term

Pan Gulf Technologies Private Limited LB+ A4

Pan India Infrastructures Private Limited LBBB-(Stable)

Pan Overseas LBBB-(stable)

Panache Exports Private Limited LBB (Stable) A4

Panasian Impex Private Limited LBB- (Stable) A4

Panchavati Polyfibres Private Limited LBB (Stable) A4

Pandit Automotive Private Limited LBB+(Stable) *

Pankaj Enka Private Limited LBB (Stable) A4

Pantaloon Industries Limited LBBB- (Stable)

Par Drugs and Chemicals Private Limited LBB (Stable) A4

Para Products Private Limited LBB-(Stable) A4

Paracoat Products Limited LBB+(Stable) A4+

Paradeep Phosphates Limited LBBB(stable) A2

Paragon Polymer Products Private Limtied LBBB+(Stable)

Parakh Agro Industries Limited LBBB (stable) A3+

Paralam Global Private Limited ^

Param Enterprises Private Limited LBB+(Sable) A4+

Paramount Communications Limited LB A4

Paramount Iron and Steel Works Private Limited LBBB (Stable) A2

Paramount Limited LBBB (Stable) A3+

Paramount Printpackaging Limited LC A5

Paramount Residency Private Limited LBB+(Stable)

Paramount Towers Private Limited LBB (Stable)

Paramshakti Steels Limited LBBB-(Stable) A3

Paras Dyes & Chemicals Private Limited LBB+(stable) A4+

Paras Flowform Engineering Limited LB+ A4

Paras Healthcare Private Limited ^

Parasakthi Cements Industries Limited LBB+ (Stable) A4+

Parason Machinery (India) Private Limited LBBB-(Stable) A3

Parijat Industries (India) Private Limited LBB+(Stable) A4+

Parixit Industries Limited LBBB (Stable) A3+

Parker Builders Private Limited LBB (Stable)Parksons Graphics, Prop.: Abhi-Ani Manufacturing Company

Private Limited LBB(Stable) A4

Parmanand and Sons Food Products Private Limited *

Parmar International Private Limited LBBB (Stable) A2

Parrys Sugar Industries Limited LBBB+(Stable) A2

Parveen Travels Private Limited LB A4

Paschim Gujarat Vij Company Limited LA-(Stable) A2+

Paschim Gujarat Vij Company Limited LA-(Stable) A2+

Pashupati Capital Services Private Limited LBBB-(Stable) A3

Paswara Chemicals Limited LBB (Stable)

Paswara Impex Limited LBB (Stable)

Paswara Papers Limited LBB (Stable)

Patdiam A4

Patdiam Jewellery Private Limited A4

Patel Brass Works Private Limited LBBB-(Stable) A3

Patel Enterprises LB+

Patel Wood Works & Timber Mart LBB-(Stable) A4

Patikari Power Private Limited LB

Patnaik Minerals Private Limited LA

Patodia Filaments Private Limited LBB (stable)

Patton International Limited LA (Stable) A1

Patwa Automotive Private Limited ^

Pavan Cotton Products Private Limited LB+ A5

Paxal Corporation LB+ A4

Page 46: icra

Company Name Long Term Short Term

PBA Infrastructure Limited LC

PBS Foods Private Limited LBB+(stable)

PCS Technology Limited LBBB(stable) A2

Pearl International A4

PEB Steel Lloyd (India) Limited LA+(SO) A1+(SO)

Peevees Projects Private Limited LB+

Peninsula Projects (Bangalore) Private Limited LBB (Stable)

Percept Limited LB-

Perfect Filaments Private Limited LBB+(stable)

Perfect Knitters Limited LC A5

Perfect Retreads Private Limited LBB+ (Stable)

Perfex Impex Private Limited LBB(stable) A4

Permanent Magnets Limited LB- A4

Perumal Spinning Mills Private Limited LB+

Perundurai Green Energy Private Limited LBB

Petro Carbon and Chemicals Private Limited LBB+ (Stable) A4+

Petronet LNG Limited LAA (Stable) A1+

Petronet LNG Limited LAA (Stable) A1+

PFH Entertainment Limited LBBB- (Stable)

PGM Infrastructures Private Limited LBB (Stable) A4

Phoeniix LB- A4

Phoenix Mills Limited LA-

Phoolchand Bhagatsingh LBBB-(Stable) A3

Photokina Chemicals Private Limited LC

Phthalo Colours and Chemicals (I) Limited LB A4

Phulchand Exports Private Limited LB+ A4

Pinnacle Biomed Private Limited LBB+ (Stable) A4+

Pioneer Distilleries Limited LB+ A4

Pioneer Investcorp Limited LBBB (Stable) A2

Pipavav Railway Corporation Limited LBB+ (Stable)

Piramal Glass Limited LBBB+(Stable) A2

Piramal Healthcare Limited LAA A1+

Piramal Life Sciences Limited LAA (SO) A1+(SO)

Pitti Laminations Limited LBBB-(Positive) A3

Pix Transmissions Limited LB A4

Planet Pickles Private Limited *

Plastene India Limited LBBB-(Stable) A3

Plethico Pharmaceuticals Limited LBBB (Stable) A2

PLR Projects Private Limited ^ ^

PMC Rubber Chemicals India Private Limited LBBB- A3

PMT Machines Limited LA (Stable)

PNG Jewellery & Gems LBBB-(Stable)

PNG Tollway Private Limited LBBB-(stable)

PNP Polymers Private Limited LBB(Stable) A4

PNP Polytex Private Limited LBB(Stable) A4

Poddar Business Private Limited LBB(Stable)

Pokarna Limited LC A5

Polar Star LBB-(Stable) A4

Polestar Maritime Limited LBBB

Polmon Instruments Private Limited LBB- (Stable) A4

Polynova Industries Limited LBBB-(Stable) A3

Pon Pure Chem (P) Limited LBBB-(Stable) A3

Pondicherry Tindivanam Tollway Limited LBB+(Stable)

Ponni Sugars (Erode) Limited LBBB+ (Stable) A2+

Pooja Castings Private Limited LB A4

Page 47: icra

Company Name Long Term Short Term

Pooja Exports A3

Pooja Soya Industries Pvt. Ltd LBB (Stable) A4

Poona Dal and Besan Mills Private Limited LBBB+ A2+

Poona Dal and Oil Industries Limited LBBB (Stable) A3+

Poona Flour and Foods LBBB (Stable) A3+

Poona Roller Flour Mills Limited LBBB (Stable) A3+

Power Engineering (India) Private Limited LB+ A4

Power Finance Corporation Limited LAAA A1+

Power Grid Corporation of India Limited LAAA (Stable) A1+

Prabhat Cables Private Limited LBB+(Stable)

Prabhat Dairy Private Limited LBB (Stable)

Prabhat Nutritious and Frozen Food Industries Private Limited LB+

Prabhatam Advertising Private Limited LBB+ (Stable) A4+

Prabhu Dayal Kanojiya LBB-(Stable) A4

Prabhu Spinning Mills Private Limited LA- (Stable) A1

Prabhudas Lilladher Financial Services Private Limited A2

Pradeep Stainless India Private Limited A2

Prafful Industries Private Limited LC

Pragya Securities Private Limited A4+

Prahlad Flour Mills Private Limited; LBB (stable)

Prahladrai & Company LBB-(Stable) A4

Prajay Engineers Syndicate Limited LB- A4

Prakash Snacks Private Limited LA- (Stable) A1

Prakash Steel Corporation LB+ *

Pramanik Retail Private Limited LB

Pramukh Gems LBB(stable) *

PRANAV OMPRAKASH KHAKE DISTILLERIES PRIVATE LIMITED LD

Pranjal Infrastructure Private Limited LD

Prasuna Vamsikrishna Spinning Mills Private Limited LBB(stable)

Prataap Snacks Private Limited LBBB-(Stable)

Prateek Alloys Pvt Ltd LBB+(stable) A4+

Prateek Apparels Private Limited LB A4

Pratham Motors Private Limited LBBB- (Stable) A3Pratibha Constructions Engineers & Contractors (India) Private

Limited LBB+(stable) A4+

Pravara Rural Education Society LC+

Pravesha Industries Private Limited LBBB(stable) A2

Prayagraj Power Generation Company Limited LBBB(stable)

Prayas Tracon Limited LB+

Precihole Machine Tools Private Limited LBB(stable) A4

Precot Meridian Limited LBBB+(Stable) A2

Preet Machines Limited LBB (Stable)

Preeti Logistics Limited *

Prem Textiles (International) Private Limited LBB (Stable) A4

Premier Bars Private Limited LBB+(Stable) A4+

Premier Car Sales Limited LBB+ (Stable)*

Premier Conveyors Private Limited LBB-(Stable) A4

Premier Explosives Limited LBBB+ (stable) *

Premier Industrial Corporation Limited LBBB- (Stable) A3

Premier Milk Foods Private Limited LBB (Stable)

Premier Tobacco Packers Private Limited LBBB+(stable) A2

Premium Tools Private Limited LBB-(Stable) A4

Prerana Motors Private Limited LBB+* A4+*

Prerna Constructions Private Limited LB+

Prestige Feed Mills Limited LBB+(Stable) A4+

Preston India Private Limited LBBB+(Stable)

Page 48: icra

Company Name Long Term Short Term

Prestress Wire Industries LBBB- (Stable) A3

Pret Study by Janak Fashions Private Limited LBB (Stable)

Price Waterhouse - Kolkatta LA+ A1

PricewaterhouseCoopers Private Limited LA+ A1

PRICOL Limited LBBB- (Stable) A3

Pride & Expert Properties Private Limited LBB- (Stable)

Primo Pick N Pack Limited LBB (Stable) A4

Primrose Realty Projects (Bangalore) Private Limited *

Prince Gem and Jewelry Private Limited LBB+(Stable) A4+

Prince Industries LBB+(Stable) A4+

Prince Pipes & Fittings Private Limited LBBB (Stable) A3+

Prince SWR Systems Private Limited LBBB-(Stable) A3

Princeware International Private Limited LBBB+ (Stable) A2

Printotech Global Limited LBB+(Stable)

Priority Jewels Private Limited LBB+ A4+

Prism Cement Limited LAA-(Stable) A1+

Pristine Commercials Private Limited LBB A4

Priyanka Gems LB+ *

Pro Minerals Private Limited LBBB-(Stable)

Procadence Impex Private Limited LB+ A4

Progressive Civil Construction Co. Pvt. Limited LBB+(Stable) A4+

Progressive Share Brokers Private Limited LBB+(Stable) A4+

Prolific Papers Private Limited LBB (Stable)

Proteck Circuits and Systems Private Limited LBB+(Stable) A4+

PSP Farms Private Limited LB+

PSTS Heavy Lift and Shift Ltd LC A5

PSTS Logistics Private Ltd LC A5

PTC India Financial Services Limited LA+(Stable)

PTC India Limited A1+

Pudhuaaru Financial Services Private Limited LBB (Stable)

Puja Ispat Trading Private Limited LB+

Pundrik Textile Mills Private Limited LBB (Stable) A4

Pune Embassy Projects Private Limited *

Pune Kondhwa Realty Private Limited LBBB- (Stable)

Puneet Enterprises LBB (Stable)

Puneet Industries Private Limited LBB+ A4+

Punjab Basmati Rice Limited LBB (Stable) A4

Punjab Bevel Gears Limited LBB+(stable) A4+

Punjab Retail Private Limited LBBB (Stable)

Pure Chemicals Co LBB+(stable) A4+

Purple Creations Private Limited ^

Pusala Power Projects Private Limited LD

Pyramid Finance Limited LBBB(Stable)

Pyramid Plastics LBBB(stable) A2

Pyramid Technoplast Private Limited LBB+(Stable) A4+

Pyrotech Electronics Private Limited LBBB- (Positive) A3

Quality Cine Labs Private Limited LBB(Stable)

Quality Engineering and Software Technologies Private Limited LBBB (Positive) A3+

Quality Heightcon Private Limited LBB+ (Stable) A4+

QuEST Global Manufacturing Private Limited LBBB(Stable) A3+

QuEST Global SEZ Private Limited LBBB-(Stable) A3

QuEST Holding Co., Inc *

Quintegra Solutions Limited ^

R C Sood and Company Private Limited LBBB+(Stable)

R G Buildwell Engineers Limited LBBB-(Stable) A3

Page 49: icra

Company Name Long Term Short Term

R G International LB+

R K Electrical Industries (India) Private Limited LB+ (Stable) A4

R K M Powergen Private Limited LBB-(stable)

R K Metal & Plastic Private Limited LBB (Stable) A4

R K Powergen Private Limited LBBB- (Stable) A3

R Kantilal & Company LBB (Stable) A4+

R L Gold Private Limited ^ ^

R Mahendra & Company A4

R P Infosystems Private Limited LA-(Stable) A1

R P Techvision India Private Limited LBBB-(Stable) A3

R P Vyapaar Private Limited LBBB- (Stable) A3

R S Kalyaani Hotels Private Limited LBB-(Stable)

R. Kothari & Co A4+

R. Rajesh Exports A4

R. Suresh & Company A4

R.K. Associates LC

R.K. Steels LBBB-(Stable)

Raaja Magnetics Limited LBBB-(Stable) A3

Rabia Leather Industries Private Limited LBBB(stable) A3+

Rachana Seeds Industries LBB-(Stable) A4

Radha Construction Company LBB(Stable) A4

Radhe Alloy Cast Private Limited LBB- (Stable)

Radheshyam Fibers (Guj)Private Limited LBB- (Stable)

Radheshyam Fibers Private Limited LBB- (Stable)

Radhika Infraestate Private Limited LBB-(stable)

Radiant Hospitality Services Private Limited LB+

Rag Corporation ^

Raghav Steels LBB (Stable) A4

Raghu Rama Renewable Energy Limited LBBB- (Stable)

Raghunath Agro Tech (Private) Limited LB+

Raghuvanshi Cotton Ginning & Pressing Private Limited LB

Rahee Infratech Limited LBBB- (Stable) A3

Rahul Conductors Private Limited LBB(Stable) A4

Rai Bahadur Narain Singh Sugar Mills Limited LBB A4

Raigarh Iron Industries Ltd. LBB (Stable)

Raipur Rotocast Limited LBB+(Stable) A4+

Raj Buildcon Construction Limited LBB+(Stable) A4+

Raj Infrastructure Development (India) Private Limited LBB+ (Stable)

Raj Infrastructure Private Limited ^

Raj Petro Specialities Private Limited LA- (stable) A2+

Raj Promoters & Civil Engineers Private Limited LBB+ (Stable)

Raj Rajendra Textile Exports Limited LBB+(stable) A4+

Raj Rajeshwari Techno Fab (P) Limited LB+

Raj Ratan Smelters Limited LBB-(Stable) A4

Rajapalayam Mills Limited LBBB-(stable) A3

Rajapalayam Spinners Private Limited LBBB- (Stable) A3

Rajaram Mills Private Limited LB A4

Rajashree Spintex Private Limited LBB-(Stable) A4

Rajasthan Cables & Conductors Private Limited LBB- A4

Rajasthan Transmission Wires Private Limited LB+ A4

Rajasthan Vikas Sansthan LBB(stable)

Rajat Steels LBB-(Stable) A4

Rajhans Enterprises LBBB-(Stable)

Rajkumar Forge Limited LBBB-(Stable) A3

Rajmal Lakhichand & Sons ^ ^

Page 50: icra

Company Name Long Term Short Term

Rajmal Lakhichand Jewellers Private Limited ^ ^

Rajpal Abhikaran Private Limited LB

Rajshree Sugars & Chemicals Limited LBBB (Stable) A3+

Rajshri Packagers Limited LBBB+(SO) A2+(SO)

RAJSHRI PRODUCTIONS (P) LIMITED LBBB-(stable)

Raju Spinning Mills Private Limited LBB (Stable) A4

Rajvir Industries Limited LB+ A5

Rakhecha Securities Limited A4

Rakindo Kovai Township Limited LBB+(Stable)

Rallison Electricals Private Limited LB(Stable) A4

Ram Fashion Exports Private Limited LBB (Stable) A4

Ram Infrastructure Limited ^ ^

Ram Sarup Deepak Kumar ^

Rama Exports LBB+(Stable)

Rama Krishna Rice Mills LB+

Rama Newsprint & Papers Limited LC A5

Rama Panels Private Limited LBBB (Stable) A3+

Rama Paper Mills Limited LC A5

Rama Steel Tubes Limited LBBB-(Stable) A3

Rama Wines LBB (stable) A4

Ramco Industries Limited LA- A1

Ramco Systems Limited A1+(SO)

Ramco Systems Limited LA-(SO) A1(SO)

Ramdev Sugars Private Limited LC

Ramila Diam Private Limited LBB- (Stable) A4

Ramkrishna Forgings Limited LBBB+ (positive) A2+

Ramkrishna Solvex Pvt Ltd LBB- (Stable) A4

Ramkumar Mills Private Limited LB A4

Ramniklal & Sons LB A4

Ramoji Granite Limited ^ ^

Ramprastha Buildwell Private Limited LBB-(Stable)

Ramprastha Estates Private Limited LBB-(Stable)

Ramprastha Greens Private Limited LBB-(Stable)

Ramprastha Promoters & Developers Private Limited LBB+ (Stable)

Ramshree Construction Company LBB(Stable)

Ramya Spinning Mills Private Limited LBB (Stable)

Rana Girders Limited ^ ^

Rana Papers Limited LB A5

Rana Polycot Limited LB- A4

Rana Sponge Limited ^ ^

Rana Steels India Limited LBB (Stable) A4

Rana Sugars Limited LB- A4

Rana Udyog ^

Ranbaxy Laboratories Limited A1+

Rane Engine Valves Limited LA (Stable) A1

Rane Holdings Limited LAA-(Stable)

Raneka Industries Limited ^ ^

Ranga Raju Warehousing Private Limited LBB(stable)

Ranganayaka Spinning Mills Private Limited LBB A4

Ranjitpura Infrastructure Private Limited *

Ranka-N-Ranka Infrastructure Private Limited LC

Rapid Metrorail Gurgaon Limited LBBB (Stable)

Rashi Granite Exports India Private Limited LBB (Stable) A4

Rashtriya Chemicals & Fertlizers Limited LAA- (Stable)

Rasi g-Energy Private Limited LAA-(SO) (Stable)

Page 51: icra

Company Name Long Term Short Term

Rasi Seeds Private Limited LAA-(Stable)

Rasi Tex India Private Limited LAA- (SO) Stable A1+(SO)

Ratan Housing Development Limited LBB+(Stable)

Ratan Planet (AOP) LBB-(Stable)

Ratanchand Jewellers Private Limited LBBB-(stable) A3

Rathi Bars Limited LBBB (Stable) A2

Rathi Graphic Technologies Limited LBB (Stable) A4

Rathi Rajasthan Steel Mills Limited LBB-(Stable) A4

Rathi Special Steels Limited LBBB-(Stable) A3

Rathi Steel and Power Limited LB A4

Rathi Super Steel Limited LBBB- (Stable) A3

Ratilal Becharlal & Sons LA- (Stable) *

Ratnadeep Impex ^

Ratnagiri Chemicals Private Limited LBB-(stable) A4

Ratnaraj A4+

Raunaq Automotive Components Limited LBBB-(Stable) A3

RAUS Infras Limited LBB-(stable)

Ravalgaon Sugar Farm Limited LBBB-(stable) A3

Rave Scans Private Limited LBB+(Stable) A4+

Ravi Technoforge Private Limited LBB+(Stable) A4+

Ravindra Rice & General Mills LB+

Ravindra Tubes Limited LBBB- (Stable) A3

Rawalwasia Ispat Udyog Private Limited LBB (Stable) A4

Rawmin Mining and Industries Private Limited A3

Raxa Security Services Limited LBBB+(SO) Stable

Ray Engineering Private Limited A4+

Raymond UCO Denim Private Limited LBBB-(Stable) A3

RBA Ferro Industries Private Limited A4

RDB Two Thousand Plus Limited LBB (Stable)

Real Conergy India Private Limited LB+ A4

Real Growth Securities Private Limited LBBB-(Stable)

Real Ispat & Power Limited LBBB+(Stable) A2

Recon Technologies Private Limited LBB- (Stable) A4

Reddy Veeranna Constructions Private Limited LBB (Stable) A4

Redington (India) Limited LAA-(Stable) A1+

Reebok India Company LAA-(SO) A1+(SO)

Refex Refrigerants Limited LBB (Stable) A4

Regen Powertech Private Limited LBBB- (Positive) A3

Regent Beers and Wines Limited ^

Reid & Taylor (India) Limited LBBB+(Stable) A2+

Relaxo Footwears Limited LBBB+(Stable) A2+

Reliable Spaces Private Limited LBB (Stable)

Reliance Communications Limited LAA@ A1+

Reliance Infratel Limited LAA(SO) @ A1+

Reliance MediaWorks Limited LA- (stable) *

Reliance Power Limited LA (Stable) A1+

Reliance Telecom Limited LAA@ A1+

Religare Aviation Limited LBBB- (stable) *

Religare Finvest Limited LAA-(Stable)

Remi Edelstahl Tubulars Limited LBB+(Stable) A4+

Remsons Industries Limited LBB+(Stable) A4+

Renaissance Jewellery Limited LBB+(Stable) A4+

Renaissance Jewellery Limited LBBB(Stable) A2

Renaissance Jewellery Limited A2

Renaissance RTW Asia (P) Limited A4

Page 52: icra

Company Name Long Term Short Term

Renewable Energy Generation Private Limited LBBB-(SO) A3(SO)

Repco Home Finance Limited LA+(Stable)

Repro India Limited LA (Stable) A1

Resil Chemicals Private Limited LBBB+(Stable) A2+

Rexon Strips Limited ^ ^

Rex-Tone Industries Limited LBB+ A4+

RFCL Limited LBBB+(Stable) A2+

Riba Textiles Limited ^ ^

Rice Lake Weighing Systems India Limited LBBB+(Stable) A2+

Richa & Company LBBB- (Stable) A3

Richa Global Exports Private Limited LBBB- (Stable) A3

Richlook Garments Private Limited LBB +(Stable)

Rico Auto Industries Limited LA-(Stable) A2+

Riddhi Siddhi Cotex Pvt Ltd LBB-(stable)

Riddhi Siddhi Infraprojects (P) Limited LB+

Riddhi Steel & Tube Private Limited LBB (Stable) A4

Ridhi Sidhi Tobacco Private Limited LBB (Stable)

Rika Global Impex Limited LBB+ A4+

Rima Transformers & Conductors Private Limited LBB-(Stable) A4

Rimjhim Ispat Limited LB+

Rishab Apparel Private Limited LB+ A4

Rishab Polychem Private Limited LBB-(Stable) A4

Rishabh Diamond Private Limited A4

Ritemed Pharma Retail Private Limited LBB (Stable)

Rithwik Energy Generation Private Limited LBB(stable)

Rithwik Power Projects Limited LBB-(Stable)

Rittal India Private Limited LA+(Stable) A1

Ritu Shipping Private Limited ^

River Engineering Private Limited LBB(stable) A4

Riya Travel & Tours (India) Private Limited LBB+(Stable)

RKSK Overseas Private Limited LBB+(Stable)

RMC Readymix (India) Private Limited * *

RMS construction Private Limited A3

RMZ Infotech Private Limited LBBB+(Stable)

Robosoft Technologies Private Limited LC A5

Rockland Hospitals Limited LBBB-(Stable)

Rockman Industries Limited LAA-(Stable) A1+

Rohan Dyes and Intermediates Limited LBB (Stable) A4

Rohan Motors Limited LBBB-(Stable) A3

Rohini Industrial Electricals Limited LA+(Stable) A1+

Rolex Hosiery Private Limited A3

Roll Tubes Limited ^ ^

Roman Tarmat Limited LB+ A4

Ronch Polymers Private Limited LBBB (stable) A3+

Roots Corporation Limited LBBB+

Rosa Power Supply Company Limited LA-(Stable) A1

Roshni Developers Private Limited LBB(stable

Rosy Blue (India) Private Limited LBBB+ (Stable) A2

Roulunds Braking (India) Private Limited LA-(Stable) A1

Royal Carbon Black Private Limited LBB (Stable) A4

Royal Castor Products Limited LBB+(Stable) A4+

Royal Diam A4+

Royal Energy Ltd LBB-(stable) A4

Royal Infraconstru Limited ^

Royal Orchid Ahmedabad Private Limited LBBB+(SO)(Stable)

Page 53: icra

Company Name Long Term Short Term

Royal Orchid Hotels Limited LBBB+(Stable)

Royal Regency Fassions Private Limited ^ ^

Royalex Fashions (India) Private Limited LBBB(stable)

RPP Selvam Infrastructure Private Limited A4+

RPS Infrastructure Limited LBB (Stable) A4

RR Construction and Infrastructure India Private Limited LBB+(stable) A4+

RRC International Freight Services Limited LBBB-(Stable) A3

RSB Projects Limited LBBB-(Stable)* A3*

RTStar Diamonds LBB (Stable) A4

RTStar Jewelry Private Limited LB A4

RTStar Solitaires LBB+(Stable) A4+

Rubamin Limited LBBB+ (Stable) A2

Ruby Bus Private Limited LBB (Stable) A4

Rucha Engineers Private Limited LBBB (stable)

Ruchi Acroni Industries Limited LBB+(Stable) A4+

Ruchi Global Limited LBB+(Stable) A4+

Ruchi Strips and Alloys Limited LBB+(Stable) A4+

Rudraksh Laminates Private Limited LB+

Rukmini Iron Private Limited LBB (Stable)

Rukmini Polytubes Private Limited LBB (Stable) A4

Rupam Conductors Private Limited LC A5

Rupesh Kumar & Brothers LBBB- (Stable) A3

Rupesh Kumar & Brothers LBBB-(stable) A3

Rural Electrification Corporation Limited LAAA(Stable) *

Rural Electrification Corporation Limited LAAA(Stable) *

Rusan Pharma Limited LBBB-(Stable) A3

Rushabh Investments Private Limited LBB- (Stable) A4

Rushikesh Paper Mills Private Limited LB+ A4

Rushil Industries Limited LBB (stable) A4

Russaka Ply India Limited LBB (Stable) A4

S A Aanandan Spinning Mills Private Limited LBB- (Stable) A4

S A Exports A4

S A Iron and Alloys Limited LB- A4

S B & T Designs Limited A4

S B & T International Limited LBB+(Stable) A4+

S C Chemicals LB- A4

S D Bansal Iron & Steel Private Limited LBB (Stable)

S D Rice Mills LB+

S K Marketing LB+ A4

S Kumars Nationwide Limited LB A4

S M Rolling Works LBB+(stable) A4+

S R Ashok & Associates Private Limited LBBB-(Stable)

S R R Jewels A4+

S. P. Jaiswal Estates Private Limited LBBB+ (Stable) A2+

S.R.S. Travels LBB+(stable)

S.V.S CLASSIC FOODS LBB-(stable) A4

Saalim Shoes Private Limited LBB+(Stable) A4+

Sabarmati Gas Limited LA+ (Stable) A1+

Sabero Organics Gujarat Limited ^ A3

Saboo Sodium Chloro Limited LBB (Stable)

Safeflex International Limited LBB+(Stable) A4+

Sagar Automobiles Private Limited ^ ^

Sagar Grandhi Exports Private Limited LBB+(Stable) A4+

Sagar Infra Rail International Limited LB+ A4

Sagar Ratna Hotels Private Limited LBB+ (Stable)

Page 54: icra

Company Name Long Term Short Term

Sahyadri Agro Produce and Dairy Private Limited LBB+ (Stable) A4+

Sahyadri Starch & Industries Private Limited LBBB (Stable)

Sai Advantium Pharma Limited LBBB (stable)

Sai Global Yarntex (India) Private Limited LBB (Stable) A4

Sai Lakshmi Tulasi Ferros Private Limited LB

Sai Pavani Constructions India Private Limited LB+ A4

Sai Radha Developers LB+

Sai Regency Power Corporation Limited LBBB (Stable) A3+

Sai Silks (Kalamandir) Limited LBBB-(Stable)

Sai Swarnamandir Jewellers Private Limited LBBB- (Stable)

Saileela Synthetics Private Limited ^

Sainor Laboratories Private Limited LBB+ (Stable)

Sainor Life Sciences Private Limited LB A4

Sainor Pharma Private Limited LBB+(stable)

Saket Infraprojects Limited LBB

Sakku Spinning Mills Limited LBB(stable) A4

Sakthi Finance Limited LBBB (Stable) A2

SAL Steel Limited LB A4

Salarpuria Consultants Pvt Ltd LBBB-(stable)

Salasar Balaji Industries LBB-(stable)

Salasar Balaji Ship Breakers Private Limited A4

Salasar Steel And Power Limited LBBB-(Stable) A3

Salem-Ulunderpet Toll Road Private Limited LBBB- (Stable)

Salisbury Projects Private Limited LBB+ (Stable)

Saloni Jewellers Private Limited LBBB-(stable) A3

Salora International Limited LBB+(Stable)

SAM (India) Builtwell Private Limited ^

Sam Apparels Private Limited LC A5

Sama Jewellery Private Limited LBB+(Stable) A4+

Samagra Sikshana Samithi Trust LB

Samalpatti Power Corporation Private Limited LA(stable) A1

Sambasadashiv Cold Roll Mills Private Limited LB+

Samman Lal Sher Singh Papers Private Limited LBB(Stable)

Samrat Plywood Limited LBB-(Stable) A4

Samtel Glass Limited LB- A4

Samvardhana Motherson Reflectec Group Holdings Limited LA+(Stable)

SAN International LBBB-(Stable) A3

Sanaa Syntex Private Limited LBB (stable) A4

Sanchit Polymers LBBB-(stable) A3

Sandeep Enterprises LBB- (Stable) A4

Sandhya Marines Limited A4+

Sandhya Spinning Mill Limited LBBB-(stable) A3

Sangam Fashions Private Limited LBB (Stable) A4

Sangani Infrastructure India Private Limited LBB+(Stable)

Sanghvi & Sons A4+

Sanghvi Foods Private Limited LBBB-(Stable) A3

Sanghvi Innovative Academy LB

Sanghvi International LBB- (Stable) A4

Sanghvi International Education Society LB

Sanghvi Movers Limited LA+(Stable) A1

Sanman Trade Impex Private Limited LBBB+ A2+

Sansera Engineering Private Limited LBBB+ (Stable) A2+

Santosh Fine-Fab Limited LBB (Stable) A4

Sara Exports Limited LBB(STABLE) A4

Saraf Agencies Private Limited LB+

Page 55: icra

Company Name Long Term Short Term

Saraf Impex Private Limited LB- A4

Saraswati Education Society LB

Saraswati Industrial Syndicate Limited LAA- (Stable) A1+

Saraswati Sugar Mills Limited LA- (Stable) *

Saravana Textiles Private Limited LBB (Stable) A4

Sargam Metals Private Limited LBB- (Stable) A4

Sarla Fabric Private Limited ^ ^

Saru International Private Limited ^ ^

Sarv Biolabs Private Limited LBB- (Stable) A4

Sarvpriya Industries Limited LB A4

Sasan Power Limited LBBB(stable) A2

Saswad Mali Sugar Factory Limited, The LBB+(Stable)

Satrac Engineering Private Limited LB+ A4

Satya Prakash Builders Limited LBB+(Stable)

Satya Prakash Hotels Private Limited LBB+(Stable)

Satyam Enterprises LBB(Stable) A4

Satyam Motors Private Limited LBB-(stable) A4

Satyam Roller Flour Mills Pvt Ltd LBB- (Stable) A4

Satyam Smelters Private Limited LBB+ (Stable) A4+

Satyavan Sales Promotion Private Limited LBB (Stable) A4

Saumya DSM Infratech Limited LB+

Saurabh Agrotech Private Limited LBB+(Stable) A4+

Saurashtra Calcine Bauxite and Allied Industries Limited LB+(Stable) A4

Saurashtra Containers Private Limited LC

Saurashtra Ferrous Private Limited LB A4

Saurashtra Fuels Private Limited LB A4

Saurat Auto Tech Private Limited LBB+ (Stable)

Savera Foods International LB+

Saville Estate Private Ltd LBBB-*

Savio Ceramica Private Limited LBB (Stable) A4

Savla Foods & Cold Storage Private Limited LBB-(stable) A4

Sawhney Builders Private Limited LC

Saya Automobiles Limited LBB (Stable) A4

SBEC Projects Private Limited LBB+ (Stable) A4+

SBI Global Factors Limited A1+

SCG Contracts India Private Limited LBBB (stable) A3+

Schaltech Automation Private Limited LB+

Schenck Process India Limited LBBB+(Stable) A2+

Schneider Electric Conzerv India Private Limited LA+(Stable) A1+

Scientech Technologies Private Limited LBBB-(Stable) A3

Scintillating Jewellery A4

Scorpios Apparels Private Limited LBB+(Stable) A4+

Scotts Garments Limited LBBB (Stable) A2

SE Composites Limited LBBB-(Stable) A3

SE Electricals Limited LBBB-(Stable) A3

SE Investments Limited ^

Seabird Marine Services Private Limited LA (Stable) A1

Seabird Marine Services Private Limited LA (Stable) A1

Seabird Resorts Private Limited LBB (Stable) A4

Seaga India Private Limited LBB(Stable) A4

Seagull Cooling Private Limited LBB (Stable) A4

Sealion Sparkle Maritime Services Limited LA- (Stable)

Sealion Sparkle Port & Terminal Services (Dahej) Limited LA- (Stable)

Seatrans Freight Carriers LBB+

Seaways Shipping Limited LBBB-

Page 56: icra

Company Name Long Term Short Term

Sebacic India Limited LB+ A4

Secon Private Limited LA (Stable) A1

Securities Trading Corporation of India Limited LAA(Stable)

Seed Innovations Private Limited LBBB- (Stable)

Seeds & Grains India Private Limited A4

Select Infrastructure Private Limited LA (Stable)

Selvakumar Spinners Private Limited LBB (Stable)

Selvam Broilers Private Limited LB+

Selvel Advertising Private Limited LBB+(Stable) A4+

Sendoz Commercials Private Limited LBB- (Stable)

Sentini Bioproducts (P) Limited LBB+(Stable) A4+

Sentini Ceramica (P) Limited LBBB+(Stable) A2+

Sequence Properties Pvt. Ltd LBBB-(stable)

Serveall Land Developers Private Limited LBB (Stable)

Servion Global Solutions Limited LB- A4

Sevcon (India) Private Limited LBBB-(stable) A3

Seven India Hospitality Private Limited LC

Seven Island Shipping Limited LC

SG International LBB+(Stable) A4+

Shah and Jain Constructions Private Limited ^

Shah Brothers Ispat Private Limited LBB (Stable) A4

Shaheed Kartar Singh Sarabha Charitable Trust LB

Shahi Exports Private Limited LBBB (Stable) A3+

Shakti Insulated Wires Pvt Ltd A4

Shakti Polyweave Private Limited LBB (Stable) A4

Shakti Sugar Mill Private Limited LC

Shakumbari Sugar and Allied Industries Limited LBB(Stable)

Shalimar Pellet Feeds Limited * *

Shalini Steels Private Limited LBB (Stable)

Shamanur Sugars Limited ^

Shamili Hydel Power Project Private Limited LBB+ (Stable)

Shamvik Glasstech Private Limited LB+ A4

Shanker Vittal Motor Company Limited LB

Shanthi Gears Limited LAA- (Stable) A1+

Shanthi Hospital & Research Centre Pvt. Ltd LBB+ (stable)

Shapoorji Pallonji & Company Limited LAA+(Stable) A1+

Shapoorji Pallonji Energy (Gujarat) Private Limited LAA-

Sharda Flour Private Limited LBB-(stable) A4

Sharda Maa Enterprises Private Limited LBBB-(stable)

Share Microfin Limited LA-(Stable)@ *

Sharp Menthol India Limited LBBB(stable) A2

Sharp Tanks & Structurals Private Limited LBBB- (Stable) A3

Sharpline Automation Private Limited LBBB-(Stable) A3

Sharpline Machinery Private Limited LBBB-(Stable) A3

Sharpmind Developers *

Shashi Cables Limited ^ ^

Shasun Pharmaceuticals Limited LBB+(Stable) A4+

Sheetal Manufacturing Company Private Limited LBBB-(Stable) *

Sheetal Refineries Private Limited LBB+ (Stable)

Sheetal Sidhi Veg Oil Private Limited LBB (Stable)

Sheikh Bhullan and Sons LC+

Shekhar Resorts Limited LC+

Shell MRPL Aviation Fuels and Services Private Limited LA+(Stable) A1

Shemaroo Entertainment Private Limited LBB+(stable) A4+

Shera Silk Mills Private Limited LC

Page 57: icra

Company Name Long Term Short Term

Sheth Developers Private Limited LB+

Shikshayatan Foundation LBBB-(Stable)

Shilpa Stock Brokers Private Limited LBB+ A4+

Shine Garments A4

Shingote Agro Foods Private Limited LBB- (stable) A4

Shiny Shipping & Logistics Pvt. Ltd. LBB+ (Stable)

Shipra Estate Limited LB

Shipra Hotels Limited LBB (Stable)

Shirani Automotive Private Limited ^ ^

Shirdi Country Inns Private Limited LC

Shiv Cotton Industries LB+ A4

Shiv Jagannath Steel Private Limited LBB (Stable) A4

Shiv Shakti International Private Limited LBB (Stable) A4

Shiva Shankar Minerals Limited A4+@

Shiva Speciality Yarns Limited LB A4

Shiva Texfabs Limited LB A5

Shivalik Prints Limited LBB (Stable) A4

Shivalik Vyapaar Private Limited LB+ A4

Shivam Hi Tech Steels Pvt. Ltd LB+(stable) A4

Shivam Iron & Steel Company Limited LBB+(stable) A4+

Shivam Motors Private Limited LB+ A4

Shivam Steels & Tubes Private Limited LBB+ (Stable)

Shivdeep Industries Limited LA- (Stable) A1

Shivpriya Cables Private Limited LB+ A4

Shiwalya Spinning & Weaving Mills Private Limited LBB+(stable)

Shodhana Laboratories Limited LBBB+(Stable) A2+

Sholingur Textiles Limited LC A5

Shorya Education and Welfare Society ^

Shravanraj Constructions Private Limited LB+ A4

Shree Agencies Limited ^ ^

Shree Ajit Pulp and Paper Limited LBBB- (Stable) A3

Shree Ambika Sugars Limited LBBB (Stable) A3+

Shree Arun Packaging Company Private Limited LBB(Stable) A4

Shree Bhaarathi Cotton Mills Private Limited LBB- (Stable)

Shree Bhageshwari Papers Limited LBB+(Stable) A4+

SHREE CHLORATES LBB(stable) A4

Shree Durga Syntex Private Limited LBBB-(Stable) A3

Shree Engineering Industries Private Limited LB A4

Shree Ganpatlal Onkarlal Agarwal & Company LB+ *

Shree Gita Ginning & Oil Industries LBB (Stable) A4

Shree Krishna Paper Mills & Industries Limited LC A5

Shree Krishna Vanaspati Industries Private Limited LB A4

Shree Laxmi Ship Breakers ^

Shree Mahabir Dyeing and Printing Mills Private Limited LBB (stable)

Shree N M Electricals Limited LBBB-(Stable) A3

Shree Naman Builders Private Limited LC

Shree Naman Developers Limited LBB+(stable)

Shree Naman Hotels Private Limited *

Shree Narmada Architectural Systems Limited LBB+ (Stable)

Shree Om Shirtings Private Limited LBB-(Stable) A4

Shree Pushkar Petro Products Limited LBBB- (Stable) A3

Shree Raj Mahal Diamonds Pvt. Ltd LBB- (Stable) A4

Shree Ram Proteins Private Limited LB+ A4

Shree Ramkrishna Export LBBB-(Stable) A3

Shree Rayon Private Limited LBB (Stable)

Page 58: icra

Company Name Long Term Short Term

Shree Renuka Sugars Limited LA+(Stable) A1+

Page 59: icra

Company Name Long Term Short Term

Shree Sai Baba Ship Breaking Company LBB (Stable) A4

Shree Sant Kripa Appliance Private Limited LBB+(Stable) A4+

Shree Seco Private Limited LB+ A4

Shree Shankar Saw Mill Private Limited LBB-(Stable) A4

Shree Shankar Vijay Saw Mill LBB-(Stable) A4

Shree Shanthosh Steels Private Limited LB+(stable) A4

Shree Shivsagar Sugar & Agro Products Limited LBB (Stable)

Shree Sidhbali Steels Limited LB+(stable) A4

Shree Sidhbali Sugar Limited LBB(Stable) A4

Shree Somnath Cotex LB

Shree Swastic Sales Corporation Private Limited LBB- A4

Shree Venkatesh Multiservices Private Limited ^

Shreejikrupa Buildcon Limited LBB(stable) A4

Shreenathji Cotton Industries LBB (Stable)

Shreepati Holding and Finance Private Limited LBB+(Stable) A4+

Shreeram Motors Private Limited LBB (Stable)

Shreyash Ginning & Pressing Factory. LB

Shri Ambica Polymer Private Limited LBBB-(Stable) A3

Shri Bajrang Power and Ispat Limited ^ ^

Shri Damodar Yarn Manufacturing Private Limited LBB-(Stable) A4

Shri Govind Realty Private Limited LB+

Shri Govindaraja Mills Limited LC A5

Shri Govindaraja Textiles Private Limited LB

Shri Hiranyakeshi Sahakari Sakkare Karkhane Niyamit LBB-(stable)

Shri Jagdamba Polymers Limited LBB (Stable) A4

Shri Ken Enterprises Private Limited LBB- (Stable) A4

Shri Malaprabha Sahakari Sakkare Karkhane Niyamitha LBB (Stable)

Shri Ram Murti Smarak Trust ^

Shri Ramalinga Mills Limited LB A4

Shri Rathi Steel (Dakshin) Limited LBBB-(Stable) A3

Shri Rathi Steel Limited LBBB-(Stable) A3

Shri Sakthi Papers India Private Limited LBB (Stable) A4

Shri Sidhdata Ispat Private Limited LB- A4

Shri Sidhdata Steel Tubes LB+ A4

Shri Sudershan Tubes LB+

Shri T P Textiles Private Limited LBB (Stable) A4

Shri Thangam Spinners India Private Limited LB+ A4

Shrichakra Udyog Limited LB+ A4

Shrigopal Rameshkumar LBB+(Stable) A4+

Shrigopal Rameshkumar Sales Private Limited LBB+(Stable) A4+

Shrijee Lifestyle Private Limited LBBB(Stable) A3+

Shrinet and Shandilya Construction Private Limited ^

Shriniwas Education Society LBBB- (Stable)

Shubh Motors Private Limited ^

Shubham Ginning & Pressing Pvt Ltd LB+

Shubhlaxmi Casting Private Limited ^ ^

Shyam Industries LBB+(Stable) A4+

Shyam Industries Limited LB- A5

Shyam Timber Private Limited LBB-(Stable) A4

Shyama Power (India) Private Limited LBBB (Stable) A3+

Sical Iron ore Terminals Limited LBBB-@ A3@

Sical Multimodal and Rail Transport Limited LBB (Stable) A4

SICOM Investments and Finance Limited LBBB+ (Stable) A2+

Sidd´s Jewels Private Limited A3

Siddhant Chemicals ^ ^

Page 60: icra

Company Name Long Term Short Term

Siddharth Colorchem Limited LBBB- (Stable) A3

Siddhartha Industries A4

Siddhi Edibles Private Limited LBB- (Stable) A4

Sidharth Construction & Trading Private Limited A3

Sidharth Polysacks Private Limited LBB (Stable) A4

Sidhivinayak Filaments Private Limited ^

Siena Engineering Private Limited ^ ^

Siesta Hospitality Services Limited LBBB-(Stable)

Sigma Corporation India Limited A3

Sigma Freudenberg NOK Private Limited LA-(Positive) A1

Sigma Vibracoustic (India) Private Limited LA+(Stable) A1+

Silica Ceramica Private Limited LBBB-(Stable)

Silicon Institute of Technology LBBB-(Stable)

Siliguri Builders Private Limited LB

Silktex Limited LC A5

Silver Crest Clothing Private Limited LA (Stable) A1

Sim Diam Private Limited A4

Simalin Chemical Industries Private Limited ^ ^

Simhapuri Energy Private Limited LBB+(Stable)

Simon India Limited LA+(SO)& A1(SO)&

Simpex Overseas Private Limited LBB+(Stable)

Simplex Engineering and Foundry Works Private Limited LA-(Stable) A1

Simpolo Vitrified Limited LBBB-(Stable) A3

Sine Wave Biomass Power Private Limited LBB-(stable)

Singh Brothers Exim Private Limited LBBB- (Stable) A3

Singh Industries Private Limited LB+

Singh Suppliers Private Limited LBB+(Stable) A4+

Singhi Cables & Conductors Private Limited LBB- A4

Sinosteel India Private Limited LA-(Stable) A2+

Sintech Precision Products Limited ^ ^

Siomond Pharmaceuticals Private Limited ^ ^

Siporex India Limited LBBB (Stable) A3+

Sir Shadi Lal Enterprises Limited LBB+(Stable) A4+

Sireesh Auto Private Limited LBB- (Stable)

Sistema Shyam Teleservices Limited *

Sita Shree Food Products Limited ^ ^

Siti energy Limited LBB-(Stable) A4

Situations Advertising and Marketing Services Private Limited LBBB-(stable) A3

Siva Compulink Limited LA-(SO) (Stable)

Siva Industries and Holdings Limited LA- (Stable)

Siva Industries and Holdings Limited LA- (Stable)

Siva Projects Engineering & Enterprises Limited LA-(SO) A2+(SO)

Siva Ventures Limited *

Siva Ventures Limited *

Sivaraj Spinning Mills Private Limited LA- (Stable) A1

Sivaswati Textile Private Limited LBB+(Stable) A4+

Siyaram Metal Udyog Private Limited LB+

SJLT Spinning Mills Private Limited LB+ A4

SJLT Textiles Private Limited LB+

SJP Real Estate Limited LBB-(Stable)

SJS Enterprises Private Limited LBBB (Stable) A3+

SK Systems Private Limited LBB+ (Stable) A4+

SK Systems Private Limited LBB+ (Stable) A4+

SKB Project India Private Limited LBB (Stable)

SKH Metals Limited LBBB-(stable) A3

Page 61: icra

Company Name Long Term Short Term

SKM Animal Feeds and Foods (India) Limited LBBB (Stable) A2

SKS Textiles Private Limited LBB+(stable) A4+

Skygourmet Catering Private Limited LBB+ A4+

Skylark Hatcheries Private Limited ^

Skyline Agro Private Limited LBB (Stable) A4

SLO Industries Limited LB+ A4

SMC Power Generation Limited LB+

Smilax Laboratories Limited LB

SML Isuzu Limited LA+(Stable) A1+

SMR Automotive Systems India Limited LAA- (Stable)

SMS Infrastructure Limited LBB+(Stable)

Smt Rukmanrani Education Foundations LBB+(Stable)

SMV Agencies Private Limited LB- A5

SN Nirman Infra Projects Private Limited LBBB- (SO)

Snam Abrasives Private Limited LBBB (Stable) A3

SNC Foods Private Limited LBB-(Stable)

SNC Jewels Private Limited A4+*

SNC Power Corporation (P) Limited LBBB- (Stable) A3

SNQS International Socks Private Limited LBB-(Stable) A4

Sobha Developers Limited LBBB-(Stable)

Society Motors Limited LB+ A4

Sogo Computers Private Limited LBB(Stable) A4

Soham Mannapitlu Power Private Limited LB

Soktas India Private Limited LBB+(Stable) A4+

Solapur Bio-Energy Systems Private Limited LBB- (stable)

Solar Semiconductor Private Limited LC A5

Solaris Ceramics Private Limited LB+ A4

Solid Ply Private Limited LB+ A4+

Solid Ply Private Limited LB+ A4

Solidus Hi-Tech Products Private Limited LBB (Stable) A4

Soma Enterprise Limited LBBB-(stable) A3

Somany Ceramics Limited LBBB (Stable) A2

Sona Fuji Kiko Automotive Limited LBBB (Stable)

Sona Koyo Steering Systems Limited LA (Stable) A1

Sona Somic Lemforder Components Limited LBBB+(Stable) A2+

Sonal Gems A4

Sonal Vyapar Limited LBB+ (stable) A4+

Sonam Builders LBB+(Stable)

Sorento Granito Private Limited LB-

Soubhik Exports Limited ^

Soundarya Decorators Private Limited LBBB-(Stable) A3

South Asian Agro Industries Limited LC

Southern Auto Castings Private Limited LBBB-(Stable) A3

Southern Batteries Private Limited LB+ A4

Sova Electrocasting Limited LC A5

Sova Ispat Alloys Limited LB A4

Sowbhagya Polymers Limited LBB (Stable) A4+

Sowmiya Spinners Private Limited LBB (Stable) A4

SP Apparels Limited LC A5

SP Spinning Mills Private Limited LBBB-(Stable) A3

SP Superfine Cotton Mills Private Limited LC A5

Spa Ceramic Private Limited LBB-(Stable) A4

SPA Heights Private Limited ^ ^

Space Matrix Limited LBBB+ (Stable) A2

Spaceage Associates ^ ^

Page 62: icra

Company Name Long Term Short Term

Spacewood Furnishers Private Limited LBBB-(stable) A3

Spads Textiles Limited LB A4

Span Air Private Limited LBBB-(Stable)

Spark Electrodes Private Limited LBB (Stable) A4

Sparklings Traders Private Limited LBB-(Stable) A4

Sparsh Industries Private Limited LB+ A4

Sparsh Packagings Private Limited LBBB - (Stable) A3

Specific Ceramics Limited LBBB- (Stable) A3

Spectra Equipments Private Limited LB+

SPML Infra Limited * *

Sportking India Limited LBB+(Stable) A4+

SPR Group Holdings Private Limited LB+ A4

SPR Sugars Private Limited LC

SR Drugs and Intermediates Private Limited LBBB-(negative) A3

Sree Akkamamba Textiles Limited LBB+ (Stable) A4+

Sree Lalitha Parameswari Spinning Mills Private Limited LBB (Negative) A4

Sree Metaliks Limited LBBB (Stable) A3+

Sree Pavan Traders LBB(stable) A4

Sree Rayalaseema Alkalies & Allied Chemicals Limited * *

Sree Rengaraj Ispat Industries Private Limited LBB+(Stable)

Sree Uma Jewellers India Private Limited LBB- (stable)

Sree Variety Marketing Solutions Private Limited LC+ A5

Sreeven Infocom Limited LBBB-(Stable)

Sri Aditya Homes Private Limited LB+

Sri Ambal & Co LBB (Stable) A4

Sri Anantha Lakshmi Spinning Mills (P) Limited LBB (Stable) A4

Sri Anjaneya Agrotech Private Limited LB+

Sri Balaji Educational & Charitable Public Trust LB

Sri Bhagawan Mahaveer Jain Educational & Cultural Trust LBB(Stable)

Sri Bhagirath Textiles Limited LBB+ (Stable)

Sri Bhagwan Mahaveer Jain Educational & Cultural Society LC

Sri Dhanalakshmi Cotton & Rice Mills Private Limited LBBB+(Stable) A2+

Sri Harini Textiles Limited LA-(SO) (Stable) A1(SO)

Sri Indra Solvent Oil Private Limited LB+

Sri Jagannath Steel Company LB A4

Sri Jayajothi & Co. Limited LC

Sri Jayarama Automotives Private Limited LBB (Stable) A4

Sri Kannapiran Mills Limited LBB(Stable) A4

Sri Krishna Drugs Limited LBB-(Stable) A4

Sri Krishna Pharmaceuticals Limited LBBB (Stable) A3

Sri Krishna Shelters Private Limited LBB(Stable) A4

Sri Lakshmi Narsimha Spinning Mills (India) Private Limited LBB- (Stable) A4

Sri Lakshmikantha Spinners Limited LBB (Stable) A4

Sri Manakula Vinayaga Educational Trust LB

Sri Mata Infratech Ltd LBB- (Stable) A4

Sri Matha Spinning Mills Private Limited LA- (Stable) A1

Sri Muthukumaran Educational Trust LC

Sri MVR Cotton Oil Mills Private Limited LB

Sri Narasus Coffee Company Limited LBB+ A4+

Sri Nukala Rama Koteswara Rao Textiles Private Limited LBB (Stable) A4

Sri Panchajanya Power Private Limited LC

Sri Parameswari Spinning Mills Private Limited LBB (Stable) A4

Sri Rajalakshmi Enterprises LB+ A4

Sri Raju Cotton Mills LB+ A4

Sri Ramaa Cotton Ginning and Oil Mills LB

Page 63: icra

Company Name Long Term Short Term

Sri Sai Krishna Hydro Energies Private Limited *

Sri Sai Saptagiri Sponge Private Limited LBB-(Stable)

Sri Saravana Tex Exports India Private Limited LBB-(Stable) A4

Sri Shanmugavel Mills Private Limited LA- (Stable) A1

Sri Srinivasa Constructions Private Limited LBB+(stable) A4+

Sri Srinivasa Spintex Private Limited LBB (Stable)

Sri Velayudhaswamy Spinning Mills Private Limited LA- (Stable) A1

Sri Venkata Lakshmi Narasimha Spinning Mills Private Limited LBB- (Stable) A4

Sri Venkata Sai Educational Society LB+

Sri Venkata Siva Parvathi Spinning Mills Private Limited LBB(stable) A4

Sri Venkatachalapathy Spinning Mills Private Limited LBB (Stable) A4

Sri Venkatarama Oil Industries Limited LBB(stable) A4

Sri Vishnu Shankar Mill Limited LBBB-(stable) A3

Sriji Corporation Private Limited LBB(Stable)

Srini Food Park Private Limited LBB (Stable)

Srini Link LBB (Stable) A4

Srinivasa Cotton and Oil Mills Limited LBB+(stable)

Srinivasa Edifice Private Limited LBBB- (Stable) A3

Sriram Spinning Mills Limited LBB (Stable) A4

Srishaila Constructions Private Limited LBBB-(Stable)

Srithik Ispat Pvt Ltd LBB+ (stable) A4+

Srithik Rolling Pvt Ltd LBB+ (Stable) A4+

SRK Constructions and Projects Private Limited LBBB- (Stable) A3

SRR Projects Private Limited ^

SRS Limited LBBB- (Stable) A3

SRV Polytex Limited LBBB+ (Stable) A2+

SRV Sythetics LBBB+ (Stable) A2+

SSF Plastics (India) Private Limited LBBB (Stable) A2

SSIPL Retail Limited LBB (Stable)

SSK Exports Limited LB+ A4

SSPDL Limited LBB+(Stable) A4+

SSTA Logistics (India) Private Limited LBBB-(stable)

SSV Fab Industries Private LBB+ (Stable) A4+

St Laurn Hotels Limited LB+ A5

St. Sirdi Sai Education Society Limited LBB (Stable)

Standard Chartered - STCI Capital Markets Limited A1+

Stanfab Apparels Private Limited LBB+ (Stable) A4

Stanley Lifestyles Limited LBB- (Stable) A4

Stanpacks (india) Limited LBB A4

Star Agro Marine Exports Private Limited LBB(Stable) A4

Star Circlips & engineering Limited ^ ^

Star Cotspin Limited LBB (Stable)

Star Global Endura Pvt Ltd LBB- (Stable) A4

Star Panel Boards Limited LBB-(Stable)

Star Wire (India) Limited LBBB+(Stable) A2

Starex Developers Private Limited ^

Starlight Systems Private Limited LBBB(Stable) A2

Starlite Lighting Limited LA+(SO) (Stable) A1+(SO)

State Trading Corporation of India Limited LBB (Stable) A4

STCL Limited LD A5

Steamline Industries Limited LBB(stable) A4

Steel & Metals LBB (Stable) A4

Steel Exchange India Limited LBB+ (stable) A4+

Steel Impex and Industries A4

Steelfab Building Systems ^ ^

Page 64: icra

Company Name Long Term Short Term

STEER Engineering Private Limited LBBB-(negative) A3

Step by Step Shiksa Samiti LBBB-(stable)

Sterling & Wilson Power Gen Private Limited LBBB (Stable) A3+

Sterling & Wilson Private Limited LAA-(Stable) A1+

Sterling Biotech Limited LBBB+(stable) A3+

Sterling Generators Private Limited LA(SO) A1(SO)

Sterling Generators Private Limited LBBB (Stable) A3+

Sterling Oil Resources Limited LBB+(Stable)

Sterling Publishers Private Limited LBBB-(Stable) A3

Sterling SEZ & Infrastructure Limited LBB+(Sable)

Stewart Holl (India) Limited LA A1

Stock Redler India Private Limited LBBB+(Stable) A2+

Stone India Limited LBB+ (Stable) A4+

Stovekraft Private Limited LBB(stable) A4+

Stumpp Schuele & Somappa Private Limited ^ ^

STUP Consultants Private Limited LA+ (Stable)

Styleone Retail Concepts Private Limited LC

Sua Explosives and Accessories Private Limited LBBB (Stable) A3+

Subex Limited LBBB-(Stable) A3

Subh Labh Vyapaar Private Limited LBB (Stable) A4

Subhash Fertilizers Private Limited LBB-(Stable) A4

Subhash Kabini Power Corporation Limited LB+

Subhasri Pigments Private Limited LBBB- (Stable) A3

Subramanya Education Society LBB (Stable)

Subros Limited LA+ (Stable) A1+

Sudar Garments Limited LBBB-(Stable)

Sudarshan Chemical Industries Limited LA (Stable) A1

Sudhan Spinning Mills Private Limited LA- (Stable) A1

Sudhir Constructions LB+ A4

Sudhir Gensets Limited A1+

Sudhir Intra Vidyut Limited(erstwhile Intra Vidyut Limited LAA-(SO) A1+(SO)

Sudhir Power Projects Private Limited A1+(SO)

Sumeet Exports LC A5

Sumeru Agro Harvest Exports Private Limited LBB-(Stable) A4

Sumit Diamond (India) Private Limited A4+*

Sun Nirman Infrastructure Private Limited LBB+(Stable) A4+

Sunair Hotels Limited LBBB+(Stable) A2+

Sunalco Alloys Private Limited LBB

Sunark Aluminium Industries (P) Limited LB+ A4

Suncity Art Exporters A3

Sundaram Alloys Limited LBB (Stable) A4

Sundaram BNP Paribas Home Finance Limited LAA (Positive)

Sundaram Brake Linings Limited LA- (Stable) A1

Sundaram Finance Limited LAAA(SO)

Sundaram Finance Limited LAA+ (Stable)

Sundaram Hydraulics Limited LBBB-(Stable) A3

Sundaram Industries Limited LAA-(Stable) A1+

Sunder Deep Education Society LB

Sunface Ceramic LB+ A4

Sunflag Filaments Limited LBB+ (Stable) *

Sungro Seeds Limited LBB+(Stable) A4+

Sungwoo Gestamp Hitech Chennai Limited LA (Stable)

Sunil Healthcare Limited LBB+(Stable) A4+

Sunland Alloy LBB+ (Stable)

Sunland Metals Recycling Industries LBB+ (Stable) A4+

Page 65: icra

Company Name Long Term Short Term

Sunnox International LBB+(Stable) A4+

Sunora Tiles Private Limited LBB (Stable) A4

Sunrise Containers Limited LA- (Stable A1

Sunrise Enterprises LBB (Stable) A4

Sunstar Overseas Limited LBBB-(Stable) A3

Sunstar Precision Forge Limited LBB-(Stable) A4

Suntouch Laminate Private Limited LBB-(Stable) A4

Sunvik Steels Private Limited LBB-(stable)

Super Plastic Coats Private Limited LBBB-(stable) A3

Super Religare Laboratories Limited LA (Positive) A1

Super Screws Private Limited LBBB- (Stable) A3

Super Spinning Mills Limited LBB+(Stable)

Superhouse Limited LBBB+(Stable) A2+

Supertex Woven Industries LBB+(stable) A4+

Supertron Electronics Limited LBBB (Stable) A2

Supra Steel & Power Private Limited LBB-(Stable)

Suprada Construction Company LB+ A4

Suprajit Engineering Limited LA-(Stable) A1

Supreet Chemicals Private Limited LBB+(stable) A4+

Supreme Manor Wada Bhiwandi Infrastructure Private Limited LBB+ (Stable)

Supreme Manor Wada Bhiwandi Infrastructure Private Limited LBB+(Stable)

Supreme Polymers Pvt Limited LBB (Stable) A4

Supreme Real Estate Developers Private Limited LBB- (Stable)

Supriya Spinning Mills Limited ^ ^

Suraana Textile Mills Private Limited LB A4

Suraj Industries LBBB+ (Stable) A2+

Surajbari Wind Farm Development Private Limited LBBB-(Stable)

Surana Corporation Limited LBBB+(Stable) A2

Surat Metallics Private Limited LBB(stable) A4

Suresh Brothers *

Suresh Enterprises Private Limited LBB- (Stable) A4

Surinder Kumar & Co LB+

Surya Construction Company LB+

Surya Pharmaceutical Limited LBBB-(stable) A3

Suryachakra Global Enviro Power Limited LC

Suryachakra Power Corporation Limited LC A4

Suryajyoti Spinning Mills Limited LBB+(Stable) A4+

Suryakanta Hydro Energies Private Limited LBB- (Stable)

Suryakiran International Limited LBB+ (Stable) A4+

SuryaLakshmi Cotton Mills Limited LBB+ (Stable) A4+

Suryalata Spinning Mills Limited LBB+(Stable) A4+

Suryavanshi Industries Limited LBB (Stable)

Suryavanshi Spinning Mills Limited LBB+(Stable) A4+

Suryodaya Textiles Private Limited LB

Susee Auto Sales & Service Private Limited LBB (Stable) A4

Susee Auto Spares Private Limited LBB (Stable) A4

Susee Automobiles Private Limited LBB+ (Stable) A4+

Sushil Financial Services Private Limited A3

Sushila Steels LBB-(Stable) A4

Sutures India Private Limited A2+

Sutures India Private Limited LA-(Stable)

Suvidhi Rayons Private Limited ^

Suvidhi Weavers Limited LBB+(Stable) A4+

Suyog Electricals Limited LBBB-(Stable) A3

Suzlon Energy Limited LBBB-(Stable) A3

Page 66: icra

Company Name Long Term Short Term

Suzlon Engitech Limited LBBB-(Stable) A3

Suzlon Generator Limited LBBB-(Stable) A3

Suzlon Gujarat Wind Parks Limited LBBB-(Stable) A3

Suzlon Infrastructure Services Limited LBBB-(Stable) A3

Suzlon Power Infrastructure Limited LBBB-(Stable) A3

Suzlon Structure Limited LBBB-(Stable) A3

Suzlon Tower and Structure Limited LBBB-(Stable) A3

Suzlon Wind International Limited LBBB-(Stable) A3

SVEC Constructions Limited LBB+(stable) A4+

SVG Fashion Limited LBBB(stable)

Swadeshi Aahar Private Limited LBB (Stable)

Swagat Synthetic Private Limited ^ ^

Swastik Cement Products Private Limited LBB (Stable) A4

Swastik Coal Corporation Private Limited LBB- (Stable) A4

Swastik Coal International Private Limited LB+ A4

Swastik International A4

Swastik Pipes Limited LBBB(stable) A3+

Swati Menthol & Allied Chemicals Limited ^ ^

Swellco Ceramic LBB-(Stable) A4

Swiss Glascoat Equipments Limited LBBB (Stable) A3+

Sykes & Ray Equities (India) Limited A3

Synergy Punching Private Limited LBB-(Stable) A4

Synergy Shakthi Renewable Energy Limited LD

Synfab Industries Private Limited LBB (Stable) A4

Synfab Sales Industries Limited LBB (Stable)

Syngene International Limited LAA-(stable) A1+

Synthetic Packers Private Limited LBB (Stable) A4

Systematix Shares & Stocks (India) Limited LBBB- A3

Systems & Components (India) Pvt. Ltd. LBB+ (Stable) A4+

T A Pai Management Institute LBB+(Stable)

T C Agro Food Industries LB+

T. C. Motors Private Limited LBB- (Stable)

Tablets (India) Limited LBBB-(Stable) A3

Tadimety Aromatics Private Limited LBB+(Stable) A4+

Tag Corporation LBBB (Stable) A3+

Tagros Chemicals India Limited LBBB- (Stable) A3

Taj Frozen Foods India Limited LBBB- A3

TAJ GVK Hotels & Resorts Limited LAA- (Stable) A1+

Tajpuriya Woodworks Private Limited LB+ A4

Talbros Engineering Limited LBBB-(stable) A3

Tamil Nadu Cooperative Housing Federation Limited ^

Tamil Nadu Cooperative Housing Federation Limited ^

Tamil Nadu Cooperative Housing Federation Limited ^

Tamil Nadu Dindigul Karur Expressway Limited (TNDK) LBBB- (Stable)

Tamil Nadu Electricity Board LBBB-&

Tamil Nadu Newsprint & Paper Limited LAA- (Stable) A1+

Tanaaya Gems and Jewellery Exports Limited ^

Taneja Aerospace & Aviation Limited LBBB+ (SO) A2 (SO)

Taneja Iron & Steel Company Limited ^ ^

Tanfac Industries Limited LBBB (Negative) A3+

Tanglin Developments Limited LBBB+(SO)

Tanglin Retail Reality Developments Private Limited

LBBB+(SO)

(Stable)

Tanna Agro Impex Private Limited LBBB-(Stable) A3

Tara Chand & Sons LBB (Stable) A4

Tara Chand Rice Mills LB+

Page 67: icra

Company Name Long Term Short Term

Tara Finvest Private Limited LBB (Stable)

Tara Health Foods Limited LBB A4

Tarajyot Polymers Limited A4

Tarela Power Limited LBB*

Tasa Foods Private Limited LB A4

Tasty Bite Eatables Limited LBBB (Stable) A2

Tata Advanced Materials Limited LA-(Stable) A2+

Tata Business Support Services Limited LA A1

Tata Capital Limited LAA+(stable) A1+

TATA Consultancy Services Limited LAAA(Stable) A1+

Tata Cummins Limited LAA(Stable)

Tata Elxsi Limited LAA-(Stable) A1+

Tata Global Beverages Limited LAA A1+

TATA International DLT Private Limited LA (Stable)

Tata International Limited LAA-(stable) A1+

Tata Metaliks Kubota Pipes Limited LBBB+(Stable)

Tata Metaliks Limited LA (Stable) A1

Tata Metaliks Limited LA (Stable) A1

Tata Motors Finance Limited LAA-(Stable) A1+

Tata Motors Limited LAA-(Stable) A1+

Tata Petrodyne Limited A1+

Tata Refractories Limited LAA(Stable)& A1+&

Tata Refractories Limited LAA A1+

Tata Sponge Iron Limited LAA(Stable) A1+

Tata Steel Processing and Distribution Limited LAA-(Stable) A1+

Tata Teleservices (Maharashtra) Limited LA(Stable) *

TCS & Associates Private Limited LB+

TCS Textiles Private Limited * *

TDI Infrastructure Limited LB

Tech Auto Private Limited LBBB- (Stable) A3

Technico Industries Limited LB+ A4

Techno Crest Private Limited LBBB-(Stable)

Techno Fab Manufacturing Limited LB A4

Techno India LBBB- (Stable)

Techno Process Equipments (India) Limited LBBB-(stable) A3

Techno Shares and Stocks Limited LBBB-(Stable) A3

Technomax Building Solution India Private Limited LBB(stable)

Techpark Hotels Private Limited LBBB-(Stable)

Teekay Marines Private Limited LC A5

Teesta Urja Limited LBBB-(Stable)

Teestavalley Power Transmission Limited LBBB-(Stable)

Tej Shoe Tech LBBB-(Stable) A3

Tejas Networks Limited LA-(negative) A2+

Tejassarnika Hydro Energies (P) Limited LBB-*

Telco Construction Equipment Company Limited LAA-(Stable)

Teledata Informatics Limited LD A5

Teledata Marine Solutions Limited LD A5

Television Eighteen India Limited LBBB(stable)

TEMA India Limited LBBB (Stable) A2

Tempsens Instruments (India) Private Limited LBBB- (Positive) A3

Terra Energy Limited LBBB (Stable) A3+

Terram Geosynthetics Private Limited LBB+(Stable) A4+

Tex Styles International Private Limited LBB-(stable) A4

Texmo Pipes and Products Limited LBB+(Stable) A4+

Texmo Pipes and Products Limited LBB+(Stable) A4+

Page 68: icra

Company Name Long Term Short Term

Texport Industries Private Limited LBBB- (Stable) A3

Texport Overseas Private Limited A2

Texport Syndicate (India) Limited A4

Texspin Bearings Limited LBBB (Stable) A3+

Thai Summit Neel Auto Private Limited LBBB- A3

Thai Summit Neel Auto Private Limited LBBB-(stable) A3

Thakur Fininvest Private Limited LBBB-(Stable) A3

Thakur Infraprojects Private Limited LBBB-(stable) A3

Thanga Prataph Spinning Mills Private Limited LB+ A4

Thanjavur Spinning Mill Limited LBBB-(stable) A3

The Academy of Higher Education LBBB- (Stable)

The Indian Electric Company LBBB- (Stable) A3

The Institute of Computer Engineers (India) LBBB- (Stable)

The Loot (India) Private Limited LBB- (stable) A4

The Ramaraju Surgical Cotton Mills Limited LBBB-(stable) A3

Thejo Engineering Limited LBBB- A3

Thermax Engineering Construction Company Limited LAA(stable)

Thermax Engineering Construction Company Limited LAA+(SO)(stable)

Thermax Limited LAA+(Stable) A1+

Theva & Co. LBB (Stable) A4

Thiru Arooran Sugars Limited LBBB (Stable) A3+

Thirupathy Bright Industries LBB (Stable) A4

Thriarr Polymers Private Limited LBB (Stable) A4

ThyssenKrupp Industries India Private Limited LAA

Tibrewala Electronics Limited LBBB (Stable) A3+

Tide Water Oil Co. (India) Limited LAA-(Stable) A1+

Tijaria Polypipes Limited LBBB-(Stable) A3

Tijiya Engineering Private Limited LBB- (Stable) A4

TIL Exports Private Limited LBBB-(Stable) A3

Tilaknagar Industries Limited LBBB-* A3*

Tile Italia Mosaics (P) Ltd. LB A4

Timespac India Limited LBB(Stable) A4

Tinplate Company of India Limited LA+ (Stable) A1+

Tirthanjali Education Society LBBB (Stable)

Tirumala Cotton & Agro Products Private Limited LBB+ (Stable) A4+

Tirumala Seven Hills Private Limited LBB (Stable) A4

Tirupathi Yarntex Spinners Private Limited LC+ A5

Tirupati Buildcon Private Limited LBBB-(Stable)

Tirupati Cotton LB+ A4

Tirupati Veneers Private Limited LB+ A4

Tissa Power Transmission Private Limited LBB(stable)

Titan Industries Limited LAA(positive) A1+

TM Harbour Services Private Limited LBBB (Stable) A3+

TNR Infrastructure Limited LBB+

Topland Ceramic Private Limited LBB- (stable) A4

Topland Engines Private Limited LBBB (Stable) A3+

Topland Exports A3

Tops Security Limited LBBB+ (Stable) A2

Topworth Pipes and Tubes Private Limited LBB+ (Stable)

Torque Automotive Private Limited LBB+(stable) A4+

Torrent Cables Limited LA+(Stable) A1+

Torrent Pharmaceuticals Limited LAA(positive) A1+

Touch Laminates Private Limited LB A4

Tracks & Towers Infratech Private Limited LBB+(stable)

Tradecom International Private Limited LBB(Stable) A4

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Company Name Long Term Short Term

Tradeline Enterprises Private Limited LC A5

Trading Engineers (International) Limited LBBB(negative) A2

Transafe Services Limited LB@ A4@

Transasia Bio-medicals Limited LAA-(Stable) A1+

Transformers and Rectifiers of India Limited LA* A1*

TransGlobal Power Limited LBB- (Stable) A4

Transglobal securities Limited * A3

Transline Air Cargo Services Private Limited A2+

Transpek Industry Limited LBBB- (Stable) A3

Travancore Cochin Chemicals Limited LB A4

Tribhovandas Bhimji Zaveri (Delhi) Private Limited ^

Trichy Thanjavur Expressways Limited LBBB- (Stable)

Trichy-Dindigul Toll Road Private Limited LBBB- (stable)

Trichy-Karur Toll Road Private Limited LBBB- (stable)

Trident Minerals - 100% EOU LBB+ (Stable)

Trident Sugars Limited LBBB(SO) (Stable)

Trikoot Iron & Steel Casting Limited LBB(Stable) A4

Trimurti Polychem Private Limited LBBB- (stable) A3

Trinethra Super Retail Limited LBBB+ A2+

Triofab India Private Limited LBB (Stable) A4

Trishul Exotic Private Limited LBB- (Stable) A4

Tristar Cars Private Limited LBB(Stable) A4

Tristar Global Infrastructure Private Ltd LBB+(Stable) A4+

Triton Hotels & Resorts Private Limited LBB+ (Stable)

Triveni Engineering & Industries Limited LA+(Negative) A1+

Triveni Ship Breakers LBB(Stable) A4

Trivista Steel and Power Private Limited LB

Triway Container Freight Station Private Limited LB

Troikaa Pharmaceuticals Limited LBBB-(stable) A3

TRUMPF India Private Limited LBBB(Stable) A2

Trust Chemist and Druggist Limited LBB (Stable)

TRW Sun Steering Wheels Private Limited LBBB (Stable) A2

TTK Healthcare Limited LA+ (Stable) A1+

TTP Technologies Private Limited LBBB+(Stable) A2+

Tube Investments of India Limited LAA (Stable)

Tubeknit Fashions Limited LB A5

Tulip Apparels Private Limited LBB (Stable)

Tulsi Casting and Machining Limited LBB(Stable) A4

Tulsyan NEC Limited LBB (Stable) A4

Turbo Energy Limited * A1+

Turbovent Industries Private Limited LBBB- (Stable) A3

TV Sundram Iyengar & Sons Limited LAA+ (Stable) A1+

TVS Infrastructure Limited LA-(stable)

TVS Interconnect Systems Limited LBB (Stable)

TVS Logistics Services Limited LA+(Stable) A1+

Twilight Litaka Pharma Limited LBBB(stable) A2

U P Telelinks Limited LBB (Stable) A4

Uan Max Infra Limited LB+

UB Engineering Limited LBBB (Stable) A2

Udayan Greenfields Private Limited LBBB(Stable)

UFO Moviez India Limited LBBB+ (Stable) A2+

UKB Electronics Private Limited ^ ^

UKN Esperanza LBB+(Stable)

Ullahas Hotel Nandini Private Limited LBB- (Stable)

Ultra Tech Suspensions Private Limited LB-

Page 70: icra

Company Name Long Term Short Term

Umak Educational Trust LBB(stable)

Umang Boards Private Limited LB+ A4

Umiya Wood Works Private Limited. LBB(stable) A4

Uni Sourcce Treend India LBB- (Stable) A4

Unibios Laboratories Limited LBB+(Stable) A4+

Unimark Remedies Limited LBBB+(Stable) A2

Unimed Healthcare Private Limited LBBB-(Stable) A3

Union Chains & Jewellery Private Limited ^ ^

Uniproducts (India) Limited LBBB (Stable) A3+

Unique Biotech Limited LBBB-(Stable) A3

Unique Gem and Jewellery LBB+ (Stable)

Unique Punch Systems Private Limited LBB (Stable)

Unique Ship Breaking Corporation A4

Unique Structures and Towers Limited LBBB-(stable) A3

Unique Technobuild Private Limited *

Unisource Papers Private Limited LBB-(Stable) A4

Unistar Distributors Private Limited LBB-(Stable) A4

United Breweries Limited LA- (Stable) A1

United Brothers LBB (Stable) A4

United Coke Private Limited LBB-(Stable) A4

United Millennium Breweries Limited LBBB(SO) Stable

United Seamless Tubulaar Private Limited LBBB A3+

United Spirits Limited LA- (Stable) A2+

United Storage and Tank Terminals Limited * *

United Tele Links (Bangalore) Limited A2

United Telecoms Limited LBBB(Stable) A3+

Unitex International Private Limited LD A5

Universal Air Products Private Limited LC

Universal Autofoundry Private Limited ^

Universal Comfort Products Private Limited LAA-(Stable) A1+

Universal Import Export LBB (Stable) A4

Universal Magnoflux Private Limited LB+ A4

University of Petroleum and Energy Studies LA-(Stable)

Uniword Telecom Limited ^ ^

Upkar Estates *

Uppal Ferrocast Private Limited LBB (Stable) A4

Upper India Tannery Private Limited LBB- (Stable) A4

US Granites LB A4

Usha International Limited LA (Stable) A1

Ushodaya Enterprises Private Limited LA+(stable) A1+

Utkal Galvanizers Limited LC A5

Uttam Galva Metallics Limited LBBB-(Stable) A3

Uttam Resources Private Limited A4

Uttam Strips Private Limited LBB(stable) A4

Uttar Gujarat Vij Company Limited LA-(Stable) A2+

Uttar Gujarat Vij Company Limited LA-(Stable) A2+

Uttara Foods and Feeds Private Limited LA-(SO)(stable) A1(SO)

UTV Global Broadcasting Limited LA+ (SO) A1+ (SO)

UTV Software Communications Limited LA+(Stable)

UV Boards Limited LBB(stable) A4

V Anantharaju & Sons [HUF] LBBB- (Stable)

V B Medicare Private Limited LBBB (Stable) A2

V Guard Industries Limited LA+ (Stable) A1

V K Industrial Corporation Limited LBBB(stable) A3

V K Udyog Limited LBB (Stable) A4

Page 71: icra

Company Name Long Term Short Term

V Ponnusamy Trust LB+

V. N. Dyers & Processors Private Ltd LB- A4

V. N. Jewellers LBB- (stable) A4

V.S.T. Tillers Tractors Limited LAA-(Stable) A1+

V3S Infratech Limited LBB (Stable) A4

VA Tech Wabag Limited LA (Stable) A1

Vadehra Builders Private Limited LBBB+ A2+

Vadehra Builders Private Limited LBBB(Stable) A2

Vaghasiya Exports ^

Vah Magna Retail Private Limited ^

Vaibhav Corporation Private Limited LB

Vaibhav Empire Private Limited LBBB- (stable)

Vaibhav Laxmi Filaments Private Limited LBB+(Stable) A4+

Vaighai Agro Products Limited LBB+(Stable) A4+

Vaishanavi Ispat Private Limited LBB+(Stable) A4+

Vakkal Impex Private Limited LBB- (Stable) A4

Vakrangee Softwares Limited LA- (Stable) A2+

Valentine Jewellery (India) Private Limited LBB-(Stable)

Valson Industries Limited LBBB-(stable) A3

Value Plus Retail Private Limited LBB+ (Stable)

Valvoline Cummins Limited LA+(Stable) A1+

Vamshi Rubber Limited LBB+(Stable) A4+

Vamsi Labs Limited LB- A4

Vandana Vidhyut Limited LBB (Stable)

Vanshpati Smriti Shiksha Samiti LBB+(Stable)

Vanya Steels Private Limited LBB(stable) A4

Varad Agri Tech Limited LBB(Stable)

Varahi Diamonds and Finance Limited LBBB-

Varalakshmi Starch Industries Private Limited LBB-(stable) A4

Vardhman Agencies Private Limited ^

Vardhman Electro-Mech Private Limited LBB(Stable) A4

Vardhman Polytex Limited LBB+(Stable) A4+

Vardhman Stampings Private Limited LBB+(Positive) A4+

Vardhman Vitrified Private Limited LBB-(Stable) A4

Varia Engineering Works Private Limited LBB+(Stable) A4+

Variety Automotive Private Limited LB- A4

Varmora Granito Private Limited LBB (Stable) A4

Varsha Corporation Limited LBBB- (Stable) A3

Varshney Bandhu Foods Private Limited LBB (Stable)

Varun Foils Limited LBB(Stable)

Vasan Publications Private Limited LBBB- (Stable) A3

Vasantha Spinners Limited LBB(Stable) A4

Vasmo Foods Co Private Limited LB+

Vasu Chemicals LBBB-(Stable) A3

Vasundhara Cotton Mills Private Limited LBB (Stable) A4

Vatika Limited LBB (Stable)

Vayhan Coffee Limited LB A4

Vazir Polymers Limited LBB+(Stable) A4+

VE Commercial Vehicles Limited LAA-(Stable) A1+

Vedant Dyestuffs Intermediates Private Limited LBB-(Stable) A4

Vedha Spinning Mills Private Limited LA- (Stable)

Vee Kay Industries ^

Veejay International (India) A4

Veejay Syntex Private Limited LBB (Stable) A4

Veekay Plast LBB (Stable) A4

Page 72: icra

Company Name Long Term Short Term

Veena Industries Limited ^ ^

Veer O Metals Private Limited LBBB (Stable) A3+

Veer Plastics Private Limited LBBB-(stable) A3

Veera Vahana Udyog Private Limited LB A4

Veeral eSafety Glass Private Limited LB-

Velacity LB-

Velmurugan Heavy Engineering Industries Private Limited LBB(stable) A4

Venilaxmi Import & Export Limited A1+(SO)

Venkatesh Griha Nirman Pvt Ltd LBB+(stable)

Venkateshwara Hatcheries Private Limited LA- (Stable) A1

Venkateswara Wires Private Limited LBB+(Positive) A4+

Venky Hi-Tech Ispat Limited LBB-(Stable) A4

Venky's (India) Limited LA- (Stable) A1

Venus Cotsyn (India) Limited LBB (Stable) A4

Venus Jewel A1

Venus Lifestyles Limited LBB+(Stable) A4+

Venus Sugar Limited LD

Venus Texspin Limited LBB (stable) A4

Veritas (India) Limited LBBB(stable) A2

Vestal Educational Services Private Limited LBB-(Stable)

Vetnex Animal Health Limited * *

VHCL Industries Limited ^ ^

Vi Micro Educational Trust LB-

Viaban Exim Private Limited LBB (stable) A4

Vibha Agrotech Limited LBBB (Stable)

Vicksons Steel Private Limited LBB+(Stable) A4+

Victory Floor Tiles Private Limited LB+ A4

Vidarbha Industries Power Limited LBBB (stable) A2

Vidhya Pharmachem Private Limited LBB (Stable) A4

Vidya Bal Mandli Society LBB+ (Stable)

Vidya Prakashan Mandir Ltd. LBB (Stable)

Vidya Wires Private Limited LBBB-(stable) A3

Vijai Infrastructure Limited LBBB+ (Stable) A2+

Vijay Agro Products Private Limited ^ ^

Vijay Nirman Company Private Limited LBBB+(Stable)

Vijay Ship Breaking Corporation LBB(stable) A4

Vijay Textiles Limited LBB (Stable) A4

Vijay Transmission Private Limited LB+

Vijay Velavan Spinning Mills Private Limited LBB(stable) A4

Vijayalakshmi Spintex Limited LBB- (Stable)

Vijayneha Polymers Private Limited LBB+ (Stable)

Vijeta Projects and Infrastructures Limited LBB+(Stable) A4+

Vijmohan Constructions Private Limited LBB- (Stable) A4

Vikky´s Agrisciences Private Limited LBB(Stable) A4

Vikram Infrastructure Company LBB(Stable) A4

Vikram Logistic and Maritime Services Private Limited LB+

Vikram Solar Private Limited LBB-(Stable) A4

Village Financial Services Private Limited LBB&

Vimal Dairy Limited LBB-(stable)

Vimal Microns Limited LB+ A4

Vimal Oil and Foods Limited LBBB-(stable) A3

Vinati Organics Limited LBBB+(Stable) A2

Vinay Cement Limited LBB+(Stable)

Vinayak Steels Limited LBB+(Stable) A4+

Vindhya Spinning Mills Private Limited LBB- (Stable)

Page 73: icra

Company Name Long Term Short Term

Vindhyachal Hydro Power Limited LBB+ (Stable)

Vineetaz Exports Private Limited LBB+ (Stable) A4+

Vinergy International Private Limited LBBB+(Stable) A2

Vinir Engineering Private Limited LBBB- (Stable) A3

Vinyl Packs Pvt Ltd LBB- (Stable)

Viorica Properties Private Limited LBB-(Stable) A4

Vipro Exim Limited LBB-(Stable)

Viraj Projects (India) Private Limited LBB (Stable)

Viraj Steel & Energy Limited ^ ^

Viramgam Mahesana Project Limited LA+(Stable)

Virgin Mobile India Private Limited LBBB (Stable) A2

Virgo Polymers (India) Limited LBB (Stable) A4

Vishal Precision Steel Tubes & Strips Private Limited * *

Vishala India Commercial Developers Private Limited LBB (Stable)

Vishnu Cotton Mills Limited LC A5

Vishva Vishal Engineering Limited LBBB- (Stable) A3

Vishwakarma Refractories Private Limited LBB+ (Stable)

Vishwanath Paper & Boards Limited LB A4

Vishwanath Sugars Limited LBBB-(stable)

Vision Ceramic Private Limited LB+ A4

Viswateja Spinning Mills Limited LBB(Stable)

Vita Granito Private Limited LBB(Stable) A4

Vitarag Export Industries LB+

Vitesse Private Limited LBBB- (Stable) A3

Vitthal Corporation Limited LB+

Vizag Seaport Private Limited LBBB-(stable)

VK Jewellery A4+

VLCC Health Care Limited LA+(Stable)

Voith Hydro Private Limited LAA (Stable) A1+

Volgadelite Plastic Udyog Private Limited LBB+ (Stable) A4+

Voltas Limited LAA (Stable) A1+

Vrijesh Corporation LBB-(stable) A4

Vrinda Forgings Private Limited LBB+(Stable) A4+

VRL Logistics Limited LBB(Stable)

VRV Textiles Limited LBB(Stable) A4

VS Lignite Power Private Limited LBBB- A3

VS Net Limited LA-(SO) (Stable)

VSP Udyog Pvt. Ltd LBB(stable) A4

Vulcan Industrial Engineering Company Limited LBBB-(Stable) A3

Vuppalamritha Magnetic Components Limited LBBB(negative) A3+

VVA Developers Private Limited LB

VVF Limited LBB-(Stable) A4

Vyshnavi Infrastructure and Concrete Products LBB (Stable)

W S Industries (India) Limited LBBB-(stable) A3

Waaree Energies Private Limited LBB (Stable) A4

Walker, Chandiok & Company LA+(Stable)

Wall Street Finance Limited LA(Stable) A1

Wallfort Financial Services Limited A3

Walplast Products Private Limited LBBB (Stable) A3+

Warren Tea Limited LA+(Stable) A1+

Waterline Hotels Private Limited LBB-(Stable)

Wave Distilleries and Breweries Limited LBB(stable)

Wave Hospitality Private Limited ^

Wave Industries Private Limited LB+

Wave Silver Tower Private Limited LBB(stable)

Page 74: icra

Company Name Long Term Short Term

Weavette Texstyles Limited * *

Weener Empire Plastics Limited LBBB (Stable) A2

Well Pack Papers & Containers Limited LB+ A4

Wellcome Fisheries Limited LBB (Stable) A4

Welmech Engineering Company Private Limited LB A5

Wendt India Limited LAA- (Stable) A1+

West Asia Maritime Limited LBB-(Stable)

West Bengal State Electricity Transmission Company Limited LA(stable)

West Bengal State Electricity Transmission Company Limited LA(stable)

West Pioneer Properties (India) Private Limited LBBB(Stable)

Western Refrigeration Private Limited LB+ A5

Western Region Transmission (Gujarat) Private Limited LBBB (Stable)

Western Region Transmission (Maharashtra) Private Limited LBBB (Stable)

Westside Hotels and Resorts Private Limited LB

Wheels India Limited LA-(Stable) A2+

Wianxx Impex Private Limited LB-

Wilbur Smith Associates Private Limited LBB+(Stable) A4+

Windals Precision Private Limited LBBB (Stable) A3+

Wingsfield Knitwear Private Limited LB A4

Win-Power Marketing Private Limited LBB- A4

Winsome Textile Industries Limited LBB (Stable) A4

Winsome Yarns Limited LB A5

Winwind Power Energy Private Limited LBBB-(Stable) A3

Wipro Limited LAAA (Stable) A1+

Wireless TT Info Services Limited LA (Stable) A1

World Resorts Limited LB-

Worldfa Exports Private Limited LBB- (Stable) A4

Y S Investments LBB- (Stable) A4

Yamuna Syndicate Limited LBBB (Stable) A2

Yarlagadda Exports Private Limited A4

Yarn Syndicate Limited A4

Yash Papers Limited LC A5

Yashoda Hospital & Research Center Limited LBB+ (Stable)

Yazaki Wiring Technologies India Limited LBB (Stable) A4

Yoga Builders Pvt Ltd LBBB(stable)

Yogi Foils Private Limited LB+

Yogindera Worsted Limited LB A5

York Calltech Private Limited LB+ A4

YSR Spinning & Weaving Mills Private Limited LBB (Stable) A4

Zee News Limited LA+ (stable) *

Zenica Cars India Private Limited LBB+(stable)

Zenith Computers Limited LBBB-(Stable)

Zenith Exports Limited LBB+ (Stable) A4+

Zenith Forge Limited LBB (Stable) A4

Zensar Technologies Limited LAA(stable) A1+

Zetatek Industries Limited LBB (Stable) A4

ZF Steering Gear (India) Limited LA+ (Stable) A1+

Zodiac Clothing Company Limited A1+

Zuari Industries Limited LA+& A1+&

Zuberi Engineering Company LBB+(stable) A4+

Zylog Systems Limited LA (Stable) A1


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