Sr. No. Name of the Issuer Rating prior to revision Rating post revision

1 A Raja Cottex CARE BB- CARE D; ISSUER NOT COOPERATING

2 A. K. Builders CARE BB- CARE BB

3 A.K. Soni Hosiery Mills Private Limited CARE B+ CARE D

4 A2Z Infraservices Limited CARE BB CARE D

5 Aakash Healthcare Private Limited CARE BB CARE BB+

6 Abans Broking Service Private Limited CARE BB+ CARE BB; ISSUER NOT COOPERATING

7 Abans Finance Private Limited CARE BB+ CARE BB; ISSUER NOT COOPERATING

8 Abans Jewels Private Limited CARE BB+ CARE BB

9 ABF Engineering international Private Limited CARE B CARE C; ISSUER NOT COOPERATING

10 Abhinav Overseas (A Unit of Marino Cables India Private Limited) CARE BB- CARE B+; ISSUER NOT COOPERATING

11 ABP Private Limited CARE A CARE A+

12 Access Promoter CARE BB- CARE BB

13 Adani Power Limited CARE BBB+ (SO) @ CARE BB- @

14 Adani Power Limited CARE BBB- @ CARE BB- @

15 Adani Power Rajasthan Limited CARE BBB CARE BBB-

16 Adilaxmi Industries CARE B+ CARE BB-

17 Adlabs Entertainment Limited CARE BBB- CARE D

18 Agarwal Reclaim and Rubber Products Private Limited CARE D CARE BB-

19 Agh Wires Private Limited CARE BBB- (SO) CARE B

20 Agrawal Sponge Private Limited CARE BB CARE BB+

21 Ahmedabad Maliya Tollway Limited CARE BBB @ CARE BBB+

22 Ahuja Builders CARE BBB CARE BBB-

23 AI Champdany Industries Limited CARE BB CARE BB-

24 Aircel Cellular Limited CARE A- (SO) @ CARE BBB+ (SO) @

25 Aircel Cellular Limited CARE BBB+ (SO) @ CARE BBB- (SO) @

26 Aircel Limited CARE A- (SO) @ CARE BBB+ (SO) @

27 Aircel Limited CARE BBB+ (SO) @ CARE BBB- (SO) @

28 Aircel Smart Money Limited CARE A- (SO) @ CARE BBB+ (SO) @

29 Aircel Smart Money Limited CARE BBB+ (SO) @ CARE BBB- (SO) @

30 Akal Pipe Industries CARE B- CARE D

31 AL-Nasir Exports Private Limited CARE BBB- CARE BB; ISSUER NOT COOPERATING

32 Alvas Education Foundation CARE BB- CARE BB

33 Amanta Healthcare Limited CARE BBB- (FD) CARE BBB (FD)

34 Amanta Healthcare Limited CARE BBB- CARE BBB

35 Amar Polyfils Private Limited CARE B CARE BB-

36 Amba Shakti Udyog Limited CARE BB CARE BB+

37 Ambica Alloys CARE BB+ CARE BB

38 Ami Lifesciences Private Limited CARE BBB- CARE BBB

39 Amol Dicalite Limited CARE BBB CARE BBB+

40 Anadi Rice Mill Private Limited CARE BBB- CARE BB; ISSUER NOT COOPERATING

41 Anand Mine Tools Private Limited CARE B CARE B-; ISSUER NOT COOPERATING

42 Ananya Finance For Inclusive Growth Private Limited CARE BB CARE BB+

43 Angle Infrastructure Private Limited CARE BB- CARE D; ISSUER NOT COOPERATING

44 Anjani Tiles Limited CARE BBB- CARE BBB

45 Annapurna Pet Private Limited CARE B+ CARE BB-

46 Ansapack Private Limited CARE BBB CARE BBB-

47 Antony Road Transport Solutions Private Limited CARE B+ CARE D

48 Anup Malleables Limited CARE BB CARE BB+

49 Anusha Projects Private Limited CARE BB CARE BB+

50 Anvil Cables Private Limited CARE BBB- CARE BBB

51 A-One Tex Tech Private Limited CARE B+ CARE BB-

52 Apeksha Infraprojects Private Limited CARE BB CARE BB-

53 Apex Tubes Private Limited CARE BB CARE BB-

54 Apollo Zipper India Limited CARE BB+ (SO) CARE BBB- (SO)

55 Appu Hotels Limited CARE B+ CARE D

56 Aptus Value Housing Finance India Limited CARE A- CARE A

57 Aquafil Polymers Company Private Limited CARE C CARE D; ISSUER NOT COOPERATING

58 Arcadia Shipping Limited CARE BB CARE BB-

59 Ardee Technologies Private Limited CARE B+ CARE D

60 ARG Housing Private Limited CARE BB CARE BB-

61 Aria Hotels and Consultancy Services Private Limited CARE BB CARE BBB-

62 Arisudana Industries Limited CARE BBB CARE BBB+

63 Arka Carbon Fuels Private Limited CARE BB+ CARE D

64 Arupadai Arulmurugan Spinners Private Limited CARE B CARE B+

65 Asaco Private Limited CARE BB+ CARE BBB-

66 Asahi India Glass Limited CARE BBB CARE BBB+

67 Asahi India Glass Limited CARE BBB+ CARE A-

68 Ashiana Landcraft Realty Private Limited CARE BB (SO) CARE BB-

69 Ashiana Landcraft Realty Private Limited CARE BB (SO) CARE D

70 Asian Hotels (North) Limited CARE BBB- CARE BB

71 Asian Hotels (North) Limited CARE BB CARE BBB-

72 Asian Hotels (West) Limited CARE BBB- CARE BBB

73 Astra Lighting Limited CARE C CARE D

74 Asuti Trading Private Limited CARE BB+ CARE D

Rating Movement between April 2017 to September 2017 Long Term

Annexure II

1

Sr. No. Name of the Issuer Rating prior to revision Rating post revision

75 Aswini Apartments CARE BBB CARE BBB-

76 ATC Telecom Infrastructure Private Limited CARE A CARE AA-

77 Atlas Textiles CARE BB- CARE B+

78 Aurionpro Solutions Limited CARE BBB- CARE BBB

79 Autoline Industries Limited CARE B- CARE D

80 AVA Apparels LLP CARE B CARE B+

81 Avartanah Infrastructure Private Limited CARE BB- CARE B+

82 Avni Yarns Private Limited CARE BB- CARE BB

83 Axiom Propack Private Limited CARE BB- CARE D

84 Azam Rubber Products Limited CARE BB+ CARE B+; ISSUER NOT COOPERATING

85 Azam Rubber Products Limited CARE B+ CARE D

86 Azure Power India Private Limited CARE BBB CARE A-

87 Azure Solar Solutions Private Limited CARE BBB (SO) CARE A- (SO)

88 B L A Power Private Limited CARE B CARE D

89 B. D. Overseas & Fiscal Services Limited CARE B+ CARE BB-

90 B. J. Grain CARE B+ CARE D; ISSUER NOT COOPERATING

91 B.M. Gupta Estates Private Limited CARE BB CARE B; ISSUER NOT COOPERATING

92 Baba Kashmira Singh Jan Sewa Trust CARE BBB- CARE BB+; ISSUER NOT COOPERATING

93 Bag Poly International Private Limited CARE BB- CARE B+

94 Bagzone Lifestyles Private Limited CARE BB+ CARE BBB-

95 Bajaj Energy Limited CARE A @ CARE BB- @

96 Bajaj Hindusthan Sugar Limited CARE BB+ CARE D

97 Bakers Circle India Private Limited CARE BBB- CARE BB

98 Bank of Maharashtra CARE AA CARE A+

99 Bank of Maharashtra CARE AA- CARE A

100 Bank of Maharashtra CARE A CARE BBB+

101 Bansal Iron & Steel Traders CARE BB CARE BB-

102 Bebo International CARE B CARE B+

103 Bec Fertilizers Limited CARE BB CARE B+

104 Bec Fertilizers Limited CARE B+ CARE D

105 Bengal Energy Limited CARE BB+ CARE BBB-

106 Bhagwati Products Limited CARE A CARE A-

107 Bhandari Foils & Tubes Limited CARE BBB CARE BBB-

108 Bharat Electrical Contractors and Manufacturers Private Limited CARE BBB- CARE BBB

109 Bharat Financial Inclusion Limited - Securitization CARE AA (SO) CARE AAA (SO)

110 Bharat Hotels Limited CARE BB+ CARE BBB-

111 Bharti Vidhyapeeth Pune CARE BBB+ CARE A- @

112 Bhatia Colour Company CARE BB- CARE BB

113 Bhavna Gems CARE BB CARE B; ISSUER NOT COOPERATING

114 Bhavnagar Energy Company Limited CARE BB+ CARE D

115 BHEL Electrical Machines Limited CARE BBB- CARE BB+

116 Biltech Building Elements Limited CARE BBB- CARE BB+

117 Binny Limited CARE B (Is) CARE BB- (Is)

118 Biological E. Limited CARE AA CARE AA-

119 Birla Furukawa Fibre Optics Private Limited CARE A- CARE A

120 BMM Ispat Limited CARE B+ CARE D

121 Brace Iron & Steel Private Limited CARE B (SO) CARE D

122 Bright Enterprises Private Limited CARE BBB CARE BBB+

123 BS Limited CARE B CARE D; ISSUER NOT COOPERATING

124 BTL EPC Limited CARE BBB+ CARE BBB

125 BTM Industries Limited CARE BBB- CARE BB-

126 Budge Budge Refineries Limited CARE BBB- CARE BBB

127 BVG India Limited CARE A CARE A+

128 C. J. Corporation CARE BB+ CARE D

129 C.P. Milk and Food Products Private Limited CARE BB+ CARE BBB-

130 Caddie Hotels Private Limited CARE BBB- CARE BBB

131 Camson Agri - Ventures Private Limited CARE BB (SO) CARE B (SO); ISSUER NOT COOPERATING

132 Capri Global Housing finance Limited Provisional CARE A (SO) CARE A-

133 Carbon Edge Industries Limited CARE BBB- CARE BBB

134 Cent Bank Home Finance Limited CARE A CARE A-

135 Central Bank of India CARE AA- CARE A+

136 Central Bank of India CARE A+ CARE A

137 Central Bank of India CARE A CARE A-

138 Centrodorstroy India Private Limited CARE BBB- CARE BBB

139 Century Tiles Limited CARE BBB- CARE BB; ISSUER NOT COOPERATING

140 Chandigarh Distillers & Bottlers Limited CARE A- CARE BBB+

141 Chartered Hotels Private limited CARE BB+ CARE B

142 Chartered Hotels Private limited CARE BB+ CARE D

143 Chelsea Mills LLP CARE BBB- CARE BBB

144 Cherry Gold Marble Private Limited CARE B+ CARE BB-

145 Chidambaram Mulraj and Company Private Limited CARE BB CARE BB+

146 Cholamandalam Investment and Finance Company Limited CARE AA CARE AA+

147 Cholamandalam Investment and Finance Company Limited CARE AA- CARE AA

148 Citi Centre Developers CARE B CARE D

149 Clean Sustainable Solar Energy Private Limited CARE BBB+ (SO) @ CARE A (SO)

150 CLS Industries Private Limited CARE D CARE C

151 CMI Energy India Private Limited Provisional CARE BBB (SO) Provisional CARE BBB+ (SO)

2

Sr. No. Name of the Issuer Rating prior to revision Rating post revision

152 CMI Limited CARE BBB CARE BBB+

153 Coffee Day Global Limited CARE A+ CARE AA-

154 Cold Steel Corporation CARE BB CARE BB+

155 Colour Cottex Private Limited CARE B+ CARE D; ISSUER NOT COOPERATING

156 Compuage Infocom Limited CARE BBB+ CARE A-

157 Consolidated Coin Company Private Limited CARE BBB- CARE BBB

158 Contour Steel Engineering India Private Limited CARE BB CARE BB-

159 Cords Cable Industries Limited CARE BBB- CARE BBB

160 Coromandel Sugars Limited CARE BBB+ (SO) CARE A- (SO)

161 Coropex CARE BB CARE BB+

162 Cosmic Ferro Alloys Limited CARE BB CARE D

163 Craftsman Automation Private Limited CARE BBB+ CARE BBB

164 D. B. Malls Private Limited CARE BBB- CARE BBB

165 D. S. Kulkarni Developers Limited CARE BBB+ (FD) CARE C (FD)

166 D. S. Kulkarni Developers Limited CARE BBB+ CARE C

167 D. S. Kulkarni Developers Limited CARE BBB+ CARE D

168 D. S. Kulkarni Developers Limited CARE C CARE D

169 D. S. Kulkarni Developers Limited CARE C (FD) CARE D (FD)

170 Dakshin Gujarat Vij Company Limited CARE A+ CARE AA-

171 Danopharm Chemicals Private Limited CARE BB+ CARE BBB-

172 Dashmesh Rice Mills_(Tarn Taran) CARE B CARE D

173 Davinder Sandhu Impex Private Limited CARE BBB- CARE BBB

174 Dayakara Solar Power Private Limited CARE BBB+ (SO) CARE A- (SO)

175 DBL Betul Sarani Tollways Limited CARE A- (SO) CARE A+ (SO)

176 DBL Hata-Dargawon Tollways Limited CARE A- (SO) CARE A+ (SO)

177 DBL Patan Rehli Tollways Limited CARE A- (SO) CARE A+ (SO)

178 DBL Tikamgarh Nowgaon Tollways Limited CARE A- (SO) CARE A+ (SO)

179 DCM Shriram Industries Limited CARE A- (FD) CARE A+ (FD)

180 DCM Shriram Industries Limited CARE A- CARE A+

181 Deepak Novochem Technologies Limited CARE BBB- CARE BBB

182 Delhi MSW Solutions Limited CARE BBB- (SO) CARE BBB+ (SO)

183 Delphi-TVS Diesel Systems Limited CARE A CARE A-

184 Dena Bank CARE AA- CARE A+

185 Devu Tools Private Limited CARE BB+ CARE BB

186 Dhampur Sugar Mills Limited CARE BBB+ (FD) CARE A- (FD)

187 Dhampur Sugar Mills Limited CARE BBB+ CARE A-

188 Dhana-Shree Developers CARE BB- CARE D

189 Dhansar Engineering Company Private Limited CARE BBB CARE BBB+

190 Dharani Sugars and Chemicals Limited CARE B- CARE C

191 Dharani Sugars and Chemicals Limited CARE B- CARE D

192 Digjam Limited CARE B+ CARE D

193 Dignity Buildcon Private Limited CARE BBB- CARE BB+

194 Dilip Buildcon Limited CARE A- CARE A+

195 Dishnet Wireless Limited (AIRCEL) CARE A- (SO) @ CARE BBB+ (SO) @

196 Dishnet Wireless Limited (AIRCEL) CARE BBB+ (SO) @ CARE BBB- (SO) @

197 DMI Finance Private Limited CARE A CARE AA-

198 DMI Housing Finance Private Limited CARE A (SO) CARE AA- (SO)

199 DNK Roshans Departmental Stores Private Limited CARE B+ CARE BB-

200 Dollar Industries Limited CARE A- CARE A

201 DRB Ravani Developers CARE BB CARE BB+

202 Dwarkadhish Cotspin Private Limited CARE BB CARE BB+

203 Eagle Hunter Solutions Limited CARE BB- CARE BB

204 Eco Polyfibres Private Limited CARE BB- CARE D; ISSUER NOT COOPERATING

205 EDEN Mumbai Solar Private Limited CARE BBB+ CARE A-

206 EDEN Renewable Ranji Private Limited CARE BBB+ CARE A-

207 EDEN Solar Energy Gurgaon Private Limited CARE BBB+ CARE A-

208 EDEN Solar Rajdhani Private Limited CARE BBB+ CARE A-

209 Electromech Maritech Private Limited CARE BB CARE D

210 Ellenabad Steels Private Limited CARE BB- CARE D

211 Emaar MGF Land Limited CARE B CARE BB

212 Emaar MGF Land Limited CARE D CARE BB

213 Emami Agrotech Limited CARE BBB+ CARE A-

214 Emars Mining & Construction Private Limited CARE BB CARE B

215 EMCO Limited CARE B CARE D

216 Emerge Glass India Private Limited CARE BBB- CARE BBB

217 EMS Infracon Private Limited CARE BBB- CARE BBB

218 Enersan Power Private Limited CARE BBB- CARE BBB

219 Enmas GB Power Systems Projects Limited CARE C CARE D

220 Equitas Small Finance Bank Limited - Securitization CARE A- (SO) CARE AA (SO)

221 Equitas Small Finance Bank Limited - Securitization CARE A+ (SO) CARE AAA (SO)

222 Equitas Small Finance Bank Limited - Securitization CARE A- (SO) CARE AAA (SO)

223 Eskay Silk Industries Private Limited CARE BB- CARE B+; ISSUER NOT COOPERATING

224 Ess Kay Fincorp Limited CARE BBB CARE BBB+

225 Ess Kay Fincorp Limited CARE BBB- CARE BBB

226 Essar Vizag Terminal Limited CARE BBB CARE BBB-

227 Essix Biosciences Limited CARE C CARE B

228 Excel Metal Processors Private Limited CARE BBB- CARE D

3

Sr. No. Name of the Issuer Rating prior to revision Rating post revision

229 Exclusive Overseas Private Limited CARE BB- CARE B+; ISSUER NOT COOPERATING

230 Farmers Fortune (India) Private Limited CARE A CARE BBB+

231 Fastrack Communications Private Limited CARE BB CARE BB+

232 Faze Three Limited CARE BB CARE BBB-

233 Federal Mogul Goetze India Limited CARE A- CARE A

234 Feedback Brisa Highways OMT Private Limited CARE BBB- (SO) CARE BBB+ (SO)

235 Feedback Energy Distribution Company Limited CARE BBB- (SO) CARE BBB+ (SO)

236 Feedback Infra Private Limited CARE BBB- CARE BBB+

237 FEPL Engineering Private Limited CARE BB- CARE D

238 Filatex India Limited CARE BBB CARE BBB+

239 Fincare Small Finance Bank Limited CARE BBB+ CARE A-

240 Fiotex Cotspin Private Limited CARE B+ CARE BB-

241 First Solar Power India Private Limited CARE AA (SO) CARE AAA (SO)

242 Flamingo Pharmaceuticals Limited CARE BBB- CARE BB+

243 Friends Bulk Handlers Limited CARE BB+ CARE BBB-

244 Fugro Survey India Private Limited CARE A CARE A-

245 Future Lifestyle Fashions Limited CARE A+ CARE AA-

246 G R Infraprojects Limited CARE A+ CARE AA-

247 G.R Multiflex Packaging Private Limited CARE B+ CARE D

248 Gadgil Diamonds Private Limited CARE BBB- CARE BB+

249 Gajaananda Jewellery Mart India Private Limited CARE BBB CARE BBB+

250 Gajanand Spintex India Private Limited CARE B+ CARE BB-

251 Gajraj Hotel Private Limited CARE C CARE D; ISSUER NOT COOPERATING

252 Gandevikar Jewellers Private Limited CARE BBB @ CARE BBB-

253 Ganpati Sugar Industries Limited CARE BBB- CARE BBB

254 Garg Inox Limited CARE BB- CARE D; ISSUER NOT COOPERATING

255 Gayatri Jhansi Roadways Limited CARE A- CARE A

256 Gayatri Lalitpur Roadways Limited CARE A- CARE A

257 Gayatri Projects Limited CARE BB- CARE BBB-

258 Gemini Equipment And Rentals Private Limited CARE C CARE D

259 Geoxa Logistics CARE B CARE B+

260 Geoxa Steels Private Limited CARE B+ CARE BB-

261 Ghai Construction Limited CARE BB+ CARE BB-; ISSUER NOT COOPERATING

262 Ghasiram Gokalchand Ship Breaking Yard CARE BB CARE BB+

263 GHCL Limited CARE A- CARE A

264 GKB Vision Private Limited CARE BB CARE BB+

265 Glaze Garments (India) Limited CARE BB CARE D; ISSUER NOT COOPERATING

266 Globalite Industries Private Limited CARE BB CARE BB-

267 GMR Bajoli Holi Hydro Power Limited CARE BBB- CARE D

268 GMR Hyderabad International Airport Limited CARE AA- CARE AA

269 GMR Infrastructure Limited CARE BBB- CARE BB

270 GMR Warora Energy Limited CARE D CARE BB

271 GNA Axles Limited CARE A- CARE A

272 Goan Real Estate and Construction Private Limited CARE BB- CARE D

273 Gobind Sugar Mills Limited CARE BB+ CARE BBB-

274 Godavari Drugs Limited CARE BB+ CARE BB; ISSUER NOT COOPERATING

275 Godawari Green Energy Limited CARE BBB CARE BBB-

276 GoGoal Hydro Private Limited CARE BBB- CARE BB; ISSUER NOT COOPERATING

277 Goldbrick Infrastructure Private Limited CARE BBB- CARE BB+

278 Gondwana Engineers Limited CARE B CARE D

279 Gopish Pharma Limited CARE B CARE D

280 Grahati Solar Energy Private Limited CARE BBB+ (SO) CARE A- (SO)

281 Gravity Ferrous Private Limited CARE BB+ CARE BBB-

282 Green Infra Corporate Solar Limited CARE BBB CARE A- (SO)

283 Green Infra Solar Energy Limited CARE A- (SO) CARE A (SO)

284 Green Infra Wind Energy Assets Limited CARE A- (SO) CARE A (SO)

285 Green Infra Wind Energy Theni Limited CARE BBB+ CARE A-

286 Green Infra Wind Farms Limited CARE A- (SO) CARE A (SO)

287 Green Infra Wind Power Theni Limited CARE A- (SO) CARE A (SO)

288 Greenland Paper Mills Limited CARE BB- CARE BB

289 Greenpark Hotels and Resorts Limited CARE A- CARE A

290 Growel Feeds Private Limited CARE BBB- CARE BBB

291 GTN Enterprises Limited CARE B CARE BB-

292 Gujarat Energy Transmission Corporation Limited CARE A+ CARE AA-

293 Gujarat State Electricity Corporation Limited CARE A+ CARE AA-

294 Gujarat State Petroleum Corporation Limited CARE A+ @ CARE BBB+

295 Gujarat State Petroleum Corporation Limited CARE A @ CARE BBB

296 Gujarat Urja Vikas Nigam Limited CARE A+ CARE AA-

297 Guru Nanak Rice Mills CARE B+ CARE D

298 Gwalior Bypass Project Limited CARE BB (SO) @ CARE D

299 Gwalior Bypass Project Limited CARE BBB (SO) @ CARE BB (SO) @

300 Gwalior Distilleries Limited CARE B+ CARE D

301 H. K. Cotton Industries CARE B+ CARE B

302 Hamon Shriram Cottrell Private Limited CARE D CARE C

303 Handicraft & Handloom Export Corporation of India Limited CARE BBB- CARE BB+

304 Hanuman Dal Industries Private Limited CARE B+ CARE C

305 Hanuman Dal Industries Private Limited CARE B+ CARE D

4

Sr. No. Name of the Issuer Rating prior to revision Rating post revision

306 Harsh Precious Metals Private Limited CARE BB CARE D

307 Harsh Precious Metals Private Limited CARE D CARE BB-

308 Harso Steels Private Limited CARE B CARE D; ISSUER NOT COOPERATING

309 Haryana Liquors Private Limited CARE BB CARE B+

310 Hasti Petro Chemical & Shipping Limited CARE BB- CARE BB

311 HDB Financial Services Limited - Securitization CARE A (SO) CARE AAA (SO)

312 HDB Financial Services Limited - Securitization CARE AA (SO) CARE AAA (SO)

313 HDFC Credila Financial Services Private Limited CARE AA CARE AA+

314 HDFC Credila Financial Services Private Limited CARE AA+ (Is) CARE AAA (Is)

315 HDFC Credila Financial Services Private Limited CARE AA+ CARE AAA

316 Healthfore Technologies Limited CARE A- (SO) @ CARE BBB (SO) @

317 Healthfore Technologies Limited CARE A (SO) @ CARE BBB+ (SO) @

318 Healthfore Technologies Limited CARE BBB (SO) @ CARE C (SO) @

319 Healthfore Technologies Limited CARE BBB+ (SO) @ CARE C (SO) @

320 Henraajh Feeds India Private Limited CARE B+ CARE BB-

321 Hillsfood Agro Beverages Private Limited CARE B CARE B+

322 Hilltop Concrete Private Limited CARE B CARE D

323 Hilton Infrastructure CARE B+ CARE D

324 Him Alloys and Steel Private Limited CARE BB CARE D

325 Himachal Baspa Power Company Limited CARE A CARE A+

326 Hind Charitable Trust CARE BBB- CARE BBB

327 Hind Samachar Limited CARE A CARE A+

328 Hindalco Industries Limited CARE AA CARE AA+

329 Hinduja Housing Finance Limited CARE A+ CARE AA-

330 Hinduja Leyland Finance Limited CARE A+ CARE AA-

331 Hindustan Construction Company Limited CARE C CARE D

332 Hindustan Waste Treatment Private Limited CARE A (SO) CARE A- (SO)

333 Hira Ferro Alloys Limited CARE BBB- CARE BB+

334 Hira Ferro Alloys Limited CARE BB+ CARE BBB-

335 Hisar Metal Industries Limited CARE BB CARE BB+

336 Hi-Technocrats Private Limited CARE BB CARE BB-

337 Home Credit India Finance Private Limited CARE BBB (SO) CARE BBB+ (SO)

338 Home Credit India Finance Private Limited CARE BB+ CARE BBB

339 Home First Finance Company India Private Limited CARE A- CARE A

340 Hyderabad Integrated MSW Limited CARE BBB- (SO) CARE BBB+ (SO)

341 IDBI Bank Limited CARE AA- CARE A

342 IDBI Mutual Fund CARE AAA mfs CARE AA- mfs @

343 IFCI Factors Limited CARE A- (SO) CARE BBB+ (SO)

344 IFCI Factors Limited CARE BBB CARE BBB-

345 IFCI Factors Limited CARE BBB+ (SO) CARE BBB (SO)

346 IFCI Limited CARE AA- (SO) CARE A+ (SO)

347 IFCI Limited CARE A CARE A-

348 IFCI Limited CARE A- CARE BBB+

349 IFCI Venture Capital Funds Limited CARE A (SO) CARE A- (SO)

350 IFCI Venture Capital Funds Limited CARE A- (SO) CARE BBB+ (SO)

351 IFCI Venture Capital Funds Limited CARE BBB+ CARE BBB

352 Impresario Entertainment and Hospitality Private Limited CARE B- CARE B

353 Inani Marbles & Industries Limited CARE BBB- CARE BB+

354 India Home Loans Limited CARE BB+ CARE BBB-

355 India Power Corporation (Bodhgaya) Limited CARE A+ (SO) @ CARE A (SO)

356 India Power Corporation Limited CARE A+ @ CARE A

357 Indiabulls Commercial Credit Limited CARE AA+ CARE AAA

358 Indian Bank CARE AA CARE AA+

359 Indo Count Industries Limited CARE AA- CARE AA

360 Indo Rama Synthetics India Limited CARE BB CARE D

361 Indona Industries CARE B CARE BB-

362 Indospace Industrial Park Oragadam Walajabad Limited CARE BBB- CARE BBB+

363 Infutec Healthcare Limited CARE B+ CARE D

364 Innovative Cuisine Private Limited CARE BBB+ CARE A-

365 Inox Wind Infrastructure Services Limited CARE AA- (SO) CARE A- (SO)

366 Inox Wind Limited CARE AA- CARE A-

367 Intec Capital Limited CARE BBB- CARE BB

368 Integrated Equipment India Private Limited CARE BBB- CARE D

369 Interjewel Designs CARE BB+ CARE C

370 Interjewel Designs CARE C CARE D

371 Interjewel Private Limited CARE BBB CARE D

372 Invention Realtors Private Limited CARE BB- CARE D

373 Ishwar Ginning Private Limited CARE B+ CARE D

374 Ishwar Oil Industries CARE B+ CARE D; ISSUER NOT COOPERATING

375 ITZ Cash Card Limited CARE BB CARE BB+

376 Ivy Health and Life Sciences Private Limited CARE BBB CARE BBB-

377 J.K. Cement Limited CARE AA- CARE AA

378 J.K. Cement Works (Fujairah) FZC CARE AA- (SO) CARE AA (SO)

379 Jai Beverages Private Limited CARE BBB CARE BBB+

380 Jain Grani Marmo Private Limited CARE BB CARE BB-

381 Jain Irrigation Systems Limited CARE BBB+ CARE A-

382 Jalpa Devi Tollways Limited CARE A- (SO) CARE A+ (SO)

5

Sr. No. Name of the Issuer Rating prior to revision Rating post revision

383 Jas Toll Road Company Limited CARE BB CARE B+

384 Jay Shiv Agro Industries CARE B+ CARE BB-

385 Jayawanti Babu Foundation CARE B+ CARE D

386 JBF Industries Limited CARE BBB+ CARE BB+

387 JBF Industries Limited CARE BB+ CARE D

388 Jindal Agro Mills Private Limited CARE B+ CARE BB-

389 Jindal Drilling & Industries Limited CARE A CARE A-

390 Jindal Realty Private Limited CARE BBB CARE BBB-

391 Jindal Stainless Steelway Limited CARE BBB- CARE BBB

392 JK Tyre and Industries Limited CARE AA- CARE A+

393 JK Tyre and Industries Limited CARE AA- (FD) CARE A+ (FD)

394 Jocil Limited CARE A+ CARE A

395 Jyoti Holdings Private Limited CARE B+ CARE BB-

396 Jyotirmaye Textiles Private Limited CARE BB- CARE BB

397 K. K. Builders Private Limited CARE BB- CARE BB

398 K.R.Manjunath CARE BB CARE BB-

399 K.Y.S. Manufacturers and Exporters Private Limited CARE B+ CARE BB-

400 Kamal Ideal Infratech Private Limited CARE BB- CARE D

401 Kamran Exports Private Limited CARE BB CARE D

402 Kanakadurga Finance Limited CARE BBB- CARE BBB

403 Kancor Ingredients Limited CARE BBB- CARE BBB+

404 Kandagiri Spinning Mills Limited CARE BB- (FD) CARE B+ (FD)

405 Kandagiri Spinning Mills Limited CARE BB- CARE B+

406 Kannu Aditya India Limited CARE BB+ @ CARE D

407 Kanupat Himghar Private Limited CARE B+ CARE D

408 Ken Agritech Private Limited CARE BBB- CARE BB+

409 Kesoram Industries Limited CARE A CARE A-

410 KG Fabriks Limited CARE C CARE BB-

411 Khandwa Industries Private Limited CARE B+ CARE D; ISSUER NOT COOPERATING

412 Khanna Papers Mills Limited CARE BBB+ CARE A-

413 Khushbu Impex CARE BB CARE BB-

414 KIC Metaliks Limited CARE BB+ CARE BBB-

415 KIE Engineering Private Limited CARE BBB CARE BBB+

416 Kirtiman Cements & Packaging Industries Limited CARE BB- CARE B+; ISSUER NOT COOPERATING

417 Kkalpana Industries (India) Limited CARE A- CARE BBB+

418 Kohinoor Foods Limited CARE BBB- CARE BB

419 Kohinoor India Private Limited CARE B+ CARE B; ISSUER NOT COOPERATING

420 Krrish Realtynirman Private Limited CARE BB- CARE D; ISSUER NOT COOPERATING

421 Krushiraj Sugar Limited CARE B CARE B+

422 KSH International Private Limited CARE BBB CARE BBB+

423 Kujjal Builders Private Limited CARE BB+ (SO) CARE BBB- (SO)

424 L S R Forge Private Limited CARE BB- CARE BB

425 Lahari Laminates Private Limited CARE BBB- (SO) CARE BB+ (SO)

426 Lahoty Buildcon Limited CARE BB+ CARE BB

427 Lakhtarwala Jewellers Private Limited CARE BBB- CARE BB+

428 Lalchand Builders Private Limited CARE B CARE B+

429 Lata Exports Apparels Private Limited CARE B CARE D

430 Laurus Labs Limited CARE A+ CARE AA-

431 Lava Cast Private Limited CARE BBB (SO) CARE BBB- (SO)

432 Ligare Aviation Limited CARE A- (SO) @ CARE BBB (SO) @

433 Ligare Aviation Limited CARE A (SO) @ CARE BBB+ (SO) @

434 Ligare Aviation Limited CARE BBB (SO) @ CARE C (SO) @

435 Ligare Aviation Limited CARE BBB+ (SO) @ CARE C (SO) @

436 Likhita Energy Systems Private Limited CARE B CARE B+

437 Lipi Data Systems Limited CARE BBB CARE BBB-

438 Little Flower Hospital Trust CARE BB CARE BB+

439 Lloyds Engineering Corporation Private Limited CARE BB+ CARE BB

440 Lokmangal Mauli Industries Limited CARE BB CARE D

441 Lokmangal Sugar Ethanol and Co-Generation Industries Limited CARE BB CARE D

442 London Star Diamond Company India Private Limited CARE BB CARE D

443 Lords Oriental Resorts Developers (Silvassa) Private Limited CARE B CARE D; ISSUER NOT COOPERATING

444 M. Ranganathan CARE BB- CARE B+

445 M.P.K. Ispat India Private Limited CARE B CARE D

446 M.P.K. Metals Private Limited CARE B CARE D

447 M.P.K. Steels India Private Limited CARE B CARE D

448 Maanaveeya Development and Finance Private Limited CARE BBB CARE BBB+

449 Macro Group Private Limited CARE BB CARE BB-

450 Madhav Infracon (Vidisha Kurwai Corridor) Private Limited CARE BBB CARE BBB-

451 Madhav Solar Private Limited CARE BBB- CARE BBB

452 Madhusudan Agrawal CARE B+ CARE BB-

453 Madhya Gujarat Vij Company Limited CARE A+ CARE AA-

454 Magnum Aviation Private Limited CARE BB CARE D

455 Mahabal Auto Ancillaries Private Limited CARE BBB- CARE BBB

456 Mahabal Metals Private Limited CARE BBB CARE BBB+

457 Mahadev Building Systems Private Limited CARE BB- CARE B+

458 Mahakaleshwar Tollways Private Limited CARE BB CARE BB+

459 Mahalaxmi TMT Private Limited CARE B CARE D

6

Sr. No. Name of the Issuer Rating prior to revision Rating post revision

460 Maharaja Roofing Products CARE BB- CARE BB

461 Mahati Industries Private Limited CARE BBB CARE BBB-

462 Mahaveer Fibres Private Limited CARE B+ CARE BB-

463 Maheshwari Agro CARE B+ CARE BB-

464 Mahima Gems CARE BB CARE BB+

465 Maini Constructions Equipments Private Limited CARE BB- CARE D

466 Maithan Ispat Limited CARE B (SO) CARE BB- (SO)

467 Man Realty Limited CARE BBB+ (SO) CARE BBB (SO); ISSUER NOT COOPERATING

468 Man Realty Limited CARE BBB (SO) CARE BBB- (SO)

469 Manaksia Industries Limited CARE A- CARE BBB+

470 Manappuram Finance Limited CARE AA- CARE AA

471 Mangal Electrical Industries Private Limited CARE BB CARE BB+

472 Mangalmurti Quarry Works CARE B CARE B+

473 Mangalore Chemicals and Fertilizers Limited CARE BBB- CARE BBB

474 Mantena Constructions Private Limited CARE BBB CARE A-

475 Marikal Solar Parks Private Limited CARE BBB CARE BBB+

476 Maris Power Supply Company Private Limited Provisional CARE BBB- CARE BBB

477 Maruthi Tubes Private Limited CARE D CARE B

478 Maruti Fertochem Limited CARE BB CARE B+

479 Maruti Nandan Food Products Private Limited CARE BB CARE D

480 Mascot Engitech Private Limited CARE B+ CARE B; ISSUER NOT COOPERATING

481 Mastana Foods Private Limited CARE BB CARE D; ISSUER NOT COOPERATING

482 Matrix Agro Private Limited CARE BB- CARE D; ISSUER NOT COOPERATING

483 Maxtar Bio Genics CARE BB CARE B+; ISSUER NOT COOPERATING

484 Mayar Health Resorts Limited CARE B+ CARE D

485 MB Power (Madhya Pradesh) Limited CARE B CARE BB+

486 MB Power (Madhya Pradesh) Limited CARE D CARE BB+

487 Medha Energy Private Limited CARE BBB+ CARE A-

488 Medicare Environmental Management Private Limited CARE BBB- (SO) CARE BBB+ (SO)

489 Medics International Lifesciences Limited CARE BB- CARE BB

490 Medsave Healthcare TPA Limited CARE BBB- CARE BB+

491 Meena Jewellers and Diamond Private Limited CARE BBB- CARE BB; ISSUER NOT COOPERATING

492 Meena Jewellers Exclusive Private Limited CARE BBB- CARE BB; ISSUER NOT COOPERATING

493 Meena Jewellers Extension Private Limited CARE BBB- CARE BB; ISSUER NOT COOPERATING

494 Meena Jewellers Private Limited CARE BBB- CARE BB; ISSUER NOT COOPERATING

495 Meena Jewels Exports CARE BBB- CARE BB; ISSUER NOT COOPERATING

496 Meenakshi Hatcheries CARE B CARE B+

497 Meenakshi Infrastructures Private Limited CARE B+ CARE BB-

498 Mega International Private Limited CARE BBB- CARE BBB

499 Mercator Limited CARE BBB @ CARE BBB+

500 Metalik Fuel Private Limited CARE BBB- CARE BBB

501 Methodex Systems Private Limited CARE A- CARE BBB+

502 Metro Agri Industries Limited CARE B+ CARE B; ISSUER NOT COOPERATING

503 Micron Pharmaceuticals CARE BB- CARE BB

504 Microtex Fashion Industries CARE B+ CARE D

505 Mideast Integrated Steels Limited CARE B CARE BB-

506 Mihit Solar Power Private Limited CARE BBB+ (SO) CARE A- (SO)

507 Millennium Aero Dynamics Private Limited CARE BB+ CARE BBB-

508 Minda Kosei Aluminium Wheel Private Limited CARE A (SO) @ CARE A+ (SO)

509 Mod Age Consultants and Advisory Services Private Limited CARE B- CARE D

510 Mohan Project Contractors Private Limited CARE BB- (SO) CARE BBB- (SO)

511 Moon Syndicate CARE BB- CARE D

512 Mott MacDonald Private Limited CARE A+ CARE A

513 MSK Projects (Kim Mandvi Corridor) Private Limited CARE A (SO) CARE A+ (SO)

514 Mumbai Waste Management Limited CARE BBB CARE BBB+

515 Mutha Engineering Private Limited CARE B+ CARE BB-

516 Muthayammal Educational and Charitable Trust CARE BB CARE BB+

517 Muthoot Fincorp Limited CARE A CARE A-

518 N. R. Switch N Radio Services Private Limited CARE BB- CARE BB

519 Namdhari Rice and General Mills CARE B- CARE D

520 Nandan Associates CARE BB CARE BB-

521 Nandan Buildcon Private Limited CARE B+ CARE B

522 Nandi Economic Corridor Enterprise Limited CARE BBB- CARE BBB

523 Nangalwala Chemical Industries CARE BB- CARE BB

524 Nani Resorts and Floriculture Private Limited CARE BB CARE BB-

525 Nav Durga Fuel Private Limited CARE BB-; ISSUER NOT COOPERATING CARE D

526 Nav Durga Fuel Private Limited CARE D CARE B+

527 Navayuga Devanahalli Tollway Private Limited CARE BBB+ CARE A-

528 Navayuga Devanahalli Tollway Private Limited CARE BBB CARE BBB+

529 Navbharat Explosive Company Limited CARE B+ CARE D

530 Navbharat Fuse Company Limited CARE B+ CARE D

531 Navin Housing and Properties Private Limited CARE BBB CARE BBB-

532 Nayaab Jewels CARE B CARE D

533 NCL Industries Limited CARE BBB- (FD) CARE BBB (FD)

534 NCL Industries Limited CARE BBB- CARE BBB

535 Netafim Agricultural Financing Agency Private Limited CARE BBB+ CARE A-

536 Neuland Laboratories Limited CARE BBB CARE BBB+

7

Sr. No. Name of the Issuer Rating prior to revision Rating post revision

537 New Delhi Television Limited (NDTV) CARE BBB+ CARE BBB- @

538 New Mount Trading & Investment Company Limited CARE BBB (SO) CARE BB+

539 New Print India Private Limited CARE BB CARE B+; ISSUER NOT COOPERATING

540 NGP Industries Limited CARE BB+ CARE BB-

541 Niil Infrastructures Private Limited CARE BB- CARE D; ISSUER NOT COOPERATING

542 Nilkanth Chawal Mills Private Limited CARE D CARE B+

543 Nilkanth Ferro Limited CARE BB+ CARE BB; ISSUER NOT COOPERATING

544 Nirlep Appliances Private Limited CARE BBB- CARE BB+

545 Noble India Construction Company CARE BB+ CARE BB

546 Noor India Buildcon Private Limited CARE B+ CARE D

547 NTPC Tamil Nadu Energy Company Limited CARE BBB+ CARE A-

548 Nutan Ispat and Power Private Limited CARE BBB- CARE BB+

549 NV Distilleries Private Limited CARE D CARE B

550 NV International Private Limited CARE D CARE C

551 Octopus Papers Limited CARE BB- CARE D

552 Orange Jaisalmer Wind Energy Private Limited CARE BBB+ CARE A-

553 Orchid Pharma Limited CARE B- CARE D

554 Oriental Bank Of Commerce CARE AA- CARE A+

555 Oriental Bank Of Commerce CARE A+ CARE A

556 Oriental Bank Of Commerce CARE AA CARE AA-

557 Oriental Nagpur Bye Pass Construction Private Limited CARE BB+ CARE D

558 Oriental Pathways (Agra) Private Limited CARE BB CARE D

559 Oriental Structural Engineerings Private Limited CARE A- CARE BBB+

560 Ortel Communications Limited CARE BBB- CARE D; ISSUER NOT COOPERATING

561 Ortel Communications Limited CARE BBB- CARE C; ISSUER NOT COOPERATING

562 Osmed Formulation Private Limited CARE BB- CARE D

563 Oswal Knit India Limited CARE B- CARE C; ISSUER NOT COOPERATING

564 Oswal Knitting and Spinning Industries Limited CARE B CARE D; ISSUER NOT COOPERATING

565 Overseas Infrastructure Alliance India Private Limited CARE BB CARE B

566 P & R Engineering Services Private Limited CARE BB (SO) CARE BB+ (SO)

567 P & R Infraprojects Limited CARE BB CARE BB+

568 P&C Projects Private Limited CARE BB CARE BBB-

569 P.G. Setty Construction Technology Private Limited CARE B+ CARE BB-

570 P.M.P. Textiles Spinning Mills Limited CARE BB- CARE D; ISSUER NOT COOPERATING

571 Palaparthi Super Speciality Hospital Private Limited CARE B+ CARE D

572 Palm Heights Private Limited CARE B CARE D

573 Palmar Mills Private Limited CARE BB+ CARE BB

574 Panacea Biotec Limited CARE B+ CARE D

575 Panacea Biotec Limited CARE D CARE B+

576 Panama Petrochem Limited CARE A CARE A+

577 Pankaj Glass Works Limited CARE B+ CARE B; ISSUER NOT COOPERATING

578 Pankaj Glass Works Limited CARE B CARE BB-

579 Pantel Technologies Private Limited CARE B+ CARE D

580 Panyam Cements and Mineral Industries Limited CARE BB- CARE D

581 Paresh S. Patel CARE BB CARE BB-

582 Parishudh Machines Private Limited CARE B CARE D

583 Paschim Gujarat Vij Company Limited CARE A+ CARE AA-

584 Patel Highway Management Private Limited CARE A- (SO) CARE A (SO)

585 Patel Infrastructure Private Limited CARE A- CARE A

586 Path Oriental Highways Limited CARE A- (SO) CARE BBB+ (SO)

587 Patna Offset Press CARE B+ CARE BB-

588 Pawan Impex Private Limited CARE BBB (SO) CARE BB+ (SO)

589 Pegma Resources Private Limited CARE B CARE BB-

590 Phenil Sugars Limited CARE BB- CARE D

591 Pheroze Framroze & Company Private Limited CARE BB- CARE BB

592 Phillips Carbon Black Limited CARE A CARE A+

593 Polysil Pipes CARE A- CARE A

594 PPN Power Generating Company Private Limited CARE A+ CARE A

595 Prabhat Elastomers Private Limited CARE BB+ CARE BB

596 Pradeep Udyog CARE B+ CARE D

597 Pranaav Marathe Jewellers Private Limited CARE B+ CARE D

598 Prasad Education Trust CARE BB- CARE D

599 Prathap Foundation for Education and Training CARE BBB- CARE BBB

600 Precision Camshafts Limited CARE A- CARE A

601 Precision Mass Products Private Limited CARE BB- CARE BB

602 Precot Meridian Limited CARE BB+ CARE BBB-

603 Premierworld Technology Limited CARE BB CARE D

604 Premium Lifestyle & Fashion India Private Limited CARE BB CARE BB+

605 Prerna Services Private Limited CARE B+ CARE D

606 Prescient Color Limited CARE BBB CARE A+ (SO)

607 Prime Focus Limited Provisional CARE AAA (SO) @ Provisional CARE AA+ (SO)

608 Prime Focus World Creative Services Private Limited CARE AAA (SO) @ CARE AA+ (SO)

609 Priority Jewels Private Limited CARE BBB CARE BBB-

610 Prudhvi Infra Projects Private Limited CARE B+ CARE BB-

611 Punjab Biomass Power Limited CARE BB- CARE D

612 QRG Enterprises Limited CARE AA- CARE AA

613 Quadrant Televentures Limited CARE BB+ CARE B+; ISSUER NOT COOPERATING

8

Sr. No. Name of the Issuer Rating prior to revision Rating post revision

614 R & D Multiples (Metal Cast) Private Limited CARE BB CARE BB-; ISSUER NOT COOPERATING

615 R & D Multiples (Metal Cast) Private Limited CARE BB- CARE BB

616 R S Software Limited CARE A CARE A-

617 R V Realty CARE BB+ CARE BB

618 R V Realty CARE BB CARE D

619 R. I. Cotton Private Limited CARE B+ CARE B; ISSUER NOT COOPERATING

620 R. R. and Company Private Limited CARE B+ CARE BB-

621 R. R. Ornaments Private Limited CARE B+ CARE BB-

622 R.S. Print Solutions Private Limited CARE B+ CARE B; ISSUER NOT COOPERATING

623 RA Chem Pharma Limited CARE BBB CARE AA- (SO)

624 Radhakisan Pulses CARE BB- CARE BB

625 Raghuvir Oil Mill CARE BB- CARE D; ISSUER NOT COOPERATING

626 Raheja Developers Limited CARE BBB CARE BBB-

627 Raheja Developers Limited CARE BBB- CARE BB

628 Raheja Icon Entertainment Private Limited CARE BBB (SO) CARE BBB- (SO)

629 Raheja Icon Entertainment Private Limited CARE BBB- (SO) CARE BB (SO)

630 Rahul Agro Industries CARE B+ CARE BB-

631 Rai Bahadur Narain Singh Sugar Mills Limited CARE BB CARE BB+

632 Raja Cotton Industries CARE BB- CARE D; ISSUER NOT COOPERATING

633 Rajamane Industries Private Limited CARE BB+ CARE BB; ISSUER NOT COOPERATING

634 Rajasthan Drugs and Pharmaceuticals Limited CARE BB CARE B; ISSUER NOT COOPERATING

635 Rajasthan Powergen Transformer Private Limited CARE B+ CARE B; ISSUER NOT COOPERATING

636 Rajda Industries & Exports Private Limited CARE BB+ CARE BB; ISSUER NOT COOPERATING

637 Rajshree Polypack Private Limited CARE BBB CARE BBB+

638 Rajvir Industries Limited CARE B- CARE D

639 Ramakrishna Electronics_(Karnataka Division) CARE B CARE C; ISSUER NOT COOPERATING

640 Ramalingeshwara Cotton Industries CARE B+ CARE BB-

641 Ramky Enviro Engineers Limited CARE BBB- CARE BBB+

642 Ramniklal and Sons CARE BB- CARE D; ISSUER NOT COOPERATING

643 Rana Steels India Limited CARE B+ CARE B

644 Ranchhod Oil Mill Company CARE B+ CARE D; ISSUER NOT COOPERATING

645 Rare Jewels CARE BB- CARE BB

646 Rathi Industries Limited CARE BBB CARE BBB-

647 Rausheena Udyog Limited CARE B+ CARE BB+

648 Rays Power Experts Private Limited CARE BBB- CARE BB

649 Real Value Ventures Private Limited CARE BB- CARE B+

650 Relemac Technologies Private Limited CARE B+ CARE BB-

651 Reliance Big Entertainment (US) CARE AAA (SO) @ CARE AA+ (SO)

652 Reliance Big TV Limited CARE A- (SO) CARE BB (SO) @

653 Reliance Big TV Limited CARE BB (SO) @ CARE D

654 Reliance Broadcast Network Limited CARE AAA (SO) @ CARE AA+ (SO) @

655 Reliance Broadcast Network Limited CARE AA (SO) @ CARE AA- (SO) @

656 Reliance Cement Company Private Limited CARE A- CARE A

657 Reliance Communications Limited CARE A- @ CARE BB @

658 Reliance Communications Limited CARE BB @ CARE D

659 Reliance Infrastructure Limited CARE A+ @ CARE A- @

660 Reliance Mediaworks Limited Provisional CARE AAA (SO) @ CARE AA+ (SO)

661 Religare Finvest Limited CARE AA- CARE A @

662 Remi Process Plant & Machinery Limited CARE BBB CARE BBB-

663 Renew Akshya Urja Private Limited CARE BBB (SO) CARE BBB+

664 RHC Holding Private Limited CARE A @ CARE BBB+ @

665 Ribo Industries Private Limited CARE B CARE B+

666 Rieco Industries Limited CARE BBB- CARE A+ (SO)

667 Rika Global Impex Limited CARE BBB- CARE BBB

668 Rishab Industries CARE BB CARE BB+

669 Rishabh Construction Private Limited CARE BB- CARE BB

670 RKN Projects Private Limited CARE B+ CARE BB-

671 RMP Fab Sourcing Private Limited CARE BB- CARE BB

672 Rockdude Exim Private Limited CARE BB- CARE B+; ISSUER NOT COOPERATING

673 Rohan Rajdeep Highways Limited CARE BB+ CARE BBB+ (SO)

674 Rohan Rajdeep Katol Bypass Infrastructure CARE BB CARE BBB- (SO)

675 Rohan Rajdeep Rajasthan Infra Projects Limited CARE BB CARE BBB+ (SO)

676 Rohan Rajdeep Toll Roads Limited CARE BBB+ CARE A-

677 Rohan Rajdeep Warora ROB Infrastructure CARE BB CARE BBB- (SO)

678 Rolex Rings Private Limited CARE B+ CARE D

679 RR Fab Constructions CARE B+ CARE BB-

680 RRB Energy Limited CARE D CARE C

681 Rungta Irrigation Limited CARE BB CARE B+; ISSUER NOT COOPERATING

682 S E Transstadia Private Limited CARE D CARE C

683 S V Creditline Private Limited CARE BBB- CARE BB+

684 S. S. Nath & Company CARE BBB- CARE BB+; ISSUER NOT COOPERATING

685 S. Sagar Enterprise CARE BB CARE BB+

686 S.D.S. Electronics Private Limited CARE BB CARE B+; ISSUER NOT COOPERATING

687 S.P.Y. Agro Industries Limited CARE D CARE B

688 S.R.Industries Limited CARE C CARE D

689 Saarth Enterprises Private Limited CARE BB- CARE D; ISSUER NOT COOPERATING

690 Sadashiv Castings Private Limited CARE BB- CARE D

9

Sr. No. Name of the Issuer Rating prior to revision Rating post revision

691 Saeco Strips Private Limited CARE B+ CARE B; ISSUER NOT COOPERATING

692 Sagar Fibers Private Limited CARE B+ CARE B; ISSUER NOT COOPERATING

693 Sahakar Maharshi Shankarrao Mohite Patil SSK Limited CARE B+ CARE B

694 Sahiba Limited CARE BBB CARE BBB+

695 Saigon Infratech Private Limited CARE B+ CARE D; ISSUER NOT COOPERATING

696 Sajjala Woven Sacks Private Limited CARE D CARE C

697 Saktthi Footwear CARE BB CARE BB-

698 Salora International Limited CARE BBB- CARE BB+

699 Samson Maritime Limited CARE A- CARE BBB+; ISSUER NOT COOPERATING

700 Samudra Electronic System Private Limited CARE A (SO) CARE A- (SO)

701 Sandhu Farms Private Limited CARE B CARE D

702 Sanghavi Jewel Private Limited CARE BB+ CARE B+

703 Sanginita Chemicals Limited CARE BB+ CARE BBB-

704 Sanjayuttam Agro Foods Private Limited CARE B+ CARE BB-

705 Sanmar Shipping Limited CARE BBB- CARE BBB+

706 Sanrhea Technical Textiles Limited CARE BB- CARE B

707 Sanvi Spinning Mill Private Limited CARE B+ CARE BB

708 Sanvijay Rolling and Engineering Limited CARE BBB+ CARE BBB-; ISSUER NOT COOPERATING

709 Sanvira Industries Limited CARE BBB- CARE BBB

710Sapthagiri Hospitality Private Limited CARE B+ CARE BB-

711 Saraf Foods Limited CARE BB CARE BB+

712 Sarvottam Vegetable Oil Refinery Private Limited CARE BB- CARE B

713 Satin Creditcare Network Limited CARE A- CARE BBB+

714 Satin Creditcare Network Limited CARE BBB+ (RPS) CARE BBB (RPS)

715 Satin Creditcare Network Limited CARE BBB+ CARE BBB

716 Saveetha Institute Of Medical & Technical Sciences CARE BBB+ CARE A-

717 SBS Transpole Logistics Private Limited CARE BB CARE D; ISSUER NOT COOPERATING

718 SE Forge Limited CARE BBB CARE BBB+

719 Semler Research Center Private Limited CARE BB+ @ CARE B; ISSUER NOT COOPERATING

720 Senbo Engineering Limited CARE B+ CARE D

721 Serman India Road Makers Private Limited CARE BB- CARE B+

722 Serveall Land Developers Private Limited CARE BBB- (SO) CARE BBB

723 Setco Automotive (UK) Limited CARE BBB (SO) CARE BBB- (SO)

724 Setco Automotive Limited CARE BBB CARE BBB-

725 Shaily Engineering Plastics Limited CARE BBB+ CARE A-

726 Shakti Pumps India Limited CARE BBB+ CARE A-

727 Shalby Limited CARE A- CARE BBB+

728 Shalimar Paints Limited CARE BBB CARE B

729 Sharan Hospitality Private Limited CARE BBB (SO) CARE BB+ (SO)

730 Shere Bengal Food Private Limited CARE B CARE B+

731 Shiv Hari Plywood Limited CARE BB CARE B+; ISSUER NOT COOPERATING

732 Shree Balaji Steel CARE B- CARE D

733 Shree Ganesh Khand Udyog Sahakari Mandali Limited CARE BB- CARE B+

734 Shree Ganpatlal Onkarlal Agrawal & Company CARE BB+ CARE B

735 Shree Jagannath Expressways Private Limited CARE BB CARE BBB-

736 Shree Karthik Papers Limited CARE BB CARE BB+

737 Shree Mangal Proteins Limited CARE BB- CARE BB

738 Shree Rajasthan Syntex Limited CARE BB- CARE D

739 Shree Rajasthan Syntex Limited CARE BB- (FD) CARE D (FD)

740 Shree Ram Oxy-Gas Private Limited CARE BB+ CARE BB

741 Shree Rama Newsprint Limited CARE BB- CARE BB

742 Shree Ramkrishna Exports Private Limited CARE A CARE A+

743 Shree Shubham Logistics Limited CARE BBB+ CARE BBB

744 Shree Venkateshwara Food Industries CARE B+ CARE B

745 Shreenathji Cotton Industries CARE B+ CARE BB-

746 Shreyans Industries Limited CARE BBB CARE BBB+

747 Shri Arunachaleswarar Tex CARE B+ CARE BB-

748 Shri Keshav Cements and Infra Limited CARE BB- CARE BB

749 Shri Krishna Motor Company CARE B+ CARE BB-

750 Shri Lal Mahal Limited CARE BB+ @ CARE D; ISSUER NOT COOPERATING

751 Shri Ram Agro Sciences Private Limited CARE B+ CARE B; ISSUER NOT COOPERATING

752 Shri Ram Ginning Pressing and Oil Mill CARE B CARE B+

753 Shri Sai Priya Sugars Limited CARE BB CARE BB+

754 Shri Vardhman Rice Mills Private Limited CARE B+ CARE B; ISSUER NOT COOPERATING

755 Shriram EPC Limited CARE BB CARE D

756 Shrivallabh Pittie Indutries Limited CARE BB+ CARE BBB-

757 Shyam Corporation Private Limited CARE BB CARE BB+

758 Shyamsree Food Processing Private Limited CARE BBB CARE BBB+

759 Sia Developers CARE BBB- CARE BB; ISSUER NOT COOPERATING

760 Siddhivinayak Agro Industries CARE B+ CARE BB-

761 Siddhivinayak Timber Trading CARE B CARE D; ISSUER NOT COOPERATING

762 Sidhartha Buildhome Private Limited CARE BB- CARE D; ISSUER NOT COOPERATING

763 Sigma Industrial Corporation CARE BB- CARE D; ISSUER NOT COOPERATING

764 Signet Industries Limited CARE BBB CARE BB+; ISSUER NOT COOPERATING

765 Simhapuri Expressway Limited CARE BBB- CARE D

766 Singer Impex CARE BB- CARE D; ISSUER NOT COOPERATING

10

Sr. No. Name of the Issuer Rating prior to revision Rating post revision

767 Sintex Industries Limited CARE AA+ @ CARE A

768 Sintex Prefab And Infra Limited CARE A @ CARE A+

769 Sintex-BAPL Limited CARE A @ CARE AA-

770 Siva Granite Products CARE BB CARE BB+

771 SKM Steels Limited CARE BBB CARE BBB+

772 SLR Metaliks Limited CARE BBB+ (SO) CARE BBB (SO)

773 SLR Metaliks Limited CARE A- (SO) CARE BBB+ (SO)

774 SMC Infrastructure Private Limited CARE A CARE A-

775 Soma Isolux Kishangarh Bewar Tollways Private Limited CARE BB- CARE D

776 Somany Sanitary Ware Private Limited CARE BB+ CARE BBB-

777 Sperry Plast Limited CARE BB- CARE B+; ISSUER NOT COOPERATING

778 SPGV Petrochem India Private Limited CARE BB CARE D

779 SPS Educational Trust CARE B+ CARE D

780 Sree Lakshmi Gayatri Hospitals Private Limited CARE BB- CARE BB

781 Sree Shiva Ginning and Pressing CARE B+ CARE BB-

782 SRG Aluminium Private Limited CARE B CARE B+

783 SRG Housing Finance Limited CARE BB+ CARE BBB-

784 Sri Adhikari Brothers Television Network Limited CARE BBB- CARE D

785 Sri Adhikari Brothers Television Network Limited CARE BBB CARE BBB-

786 Sri Ananda Subbaraya Wire Products Private Limited CARE BB- CARE BB

787 Sri Anjaneya Agrotech Private Limited CARE B CARE D

788 Sri Guru Granth Sahib World University CARE B+ CARE D

789 Sri Laxmi Enterprises CARE BB- CARE D

790 Sri Laxmi Narasimha Rice Industry CARE B CARE D

791 Sri Ranganatha Gold and Silver CARE B CARE D; ISSUER NOT COOPERATING

792 Sri Ranganathaswamy Jewellary Works CARE B CARE D; ISSUER NOT COOPERATING

793 Sri SCL Infratech Limited CARE B+ CARE BB

794 Sri Shankara Cancer Foundation CARE BB+ CARE BBB-

795 Sri Shyam Jewellers CARE B+ CARE BB-

796 Sriam Labs Private Limited CARE A+ (SO) CARE AA- (SO)

797 Sriam Labs Private Limited CARE BBB- CARE A+ (SO)

798 Star Agriinfrastructure Private Limited CARE BBB+ CARE BBB

799 Star Agriwarehousing and Collateral Mangement Limited CARE A CARE BBB+

800 Star Solar Power Private Limited CARE BBB CARE BBB+

801 StarAgri Finance Limited CARE A (SO) CARE BBB+ (SO)

802 Steel Exchange India Limited CARE BB CARE D

803 Stone India Limited CARE BB CARE D

804 Strategic Outsourcing Services Private Limited CARE BBB- CARE BB

805 Sugee Developers CARE BB+ CARE D

806 Sukhras Machines Private Limited CARE BB CARE BB-

807 Sumit Woods Private Limited CARE BB- CARE BB

808 Sun Agrifresh Industries Private Limited CARE BB+ CARE BB-; ISSUER NOT COOPERATING

809 Sun Direct TV Private Limited CARE BBB CARE BBB+

810 Sungold Energy Private Limited CARE BBB CARE BBB+

811 Sunil Sponge Private Limited CARE BB+ CARE BB-; ISSUER NOT COOPERATING

812 Sunil Sponge Private Limited CARE BB- CARE BB+

813 Supertech Limited CARE BB+ CARE D

814 Supertech Precast Technologies Private Limited CARE BB+ (SO) CARE D

815 Supertech Realtors Private Limited CARE BB+ (SO) CARE D

816 Supertech Township Project Limited CARE BB+ (SO) CARE D

817 Surat Hazira NH-6 Tollway Private Limited CARE B CARE D

818 Surya Containers Private Limited CARE BB CARE D; ISSUER NOT COOPERATING

819 Surya Plastic Manufacturing Private Limited CARE B+ CARE D; ISSUER NOT COOPERATING

820 Suryavanshi Infrastructure Private Limited CARE A- (SO) CARE A+ (SO)

821 Suzlon Global Services Limited Provisional CARE A- Provisional CARE A

822 Suzuki Textiles Limited CARE C CARE D

823 SVIIT Software Private Limited CARE BBB (SO) CARE BB+ (SO)

824 Swan Energy Limited CARE BB+ CARE BB

825 Swastik Coal Corporation Private Limited CARE BB+ CARE D

826 Swastik Oil Refinery Private Limited CARE B CARE D

827 TAG Offshore Limited CARE BBB CARE C; ISSUER NOT COOPERATING

828 TAG Offshore Limited CARE BBB CARE D; ISSUER NOT COOPERATING

829 Tajshree Cars Private Limited CARE BB- CARE D

830 Tamilnadu Petroproducts Limited CARE BBB- CARE BBB

831 Tata Blue Scope Steel Limited CARE A CARE A+

832 Tata Blue Scope Steel Limited CARE AA (SO) CARE AA- (SO)

833 TCG Lifesciences Limited CARE A- CARE BBB+

834 TCJ Impex Private Limited CARE BB CARE BB-; ISSUER NOT COOPERATING

835 Tebma Shipyards Limited CARE B CARE D

836 Terapanth Foods Limited CARE BB CARE BB+

837 Terna Public Charitable Trust CARE BB- CARE BB

838 The India Cements Limited CARE BBB @ CARE A-

839 The India Cements Limited CARE A- CARE A

840 The Mobile Store Services Limited CARE B+ CARE D

841 The Ravalgaon Sugar Farm Limited CARE BB CARE B+

842 The Singareni Collieries Company Limited CARE AA CARE AA-

843 The State Trading Corporation of India CARE BB+ CARE D

11

Sr. No. Name of the Issuer Rating prior to revision Rating post revision

844 Thexa Pharma Private Limited CARE BB CARE BB-

845 Tirupati Sarjan Limited CARE BB+ CARE BB

846 TLT Engineering India Private Limited CARE BBB CARE BBB-; ISSUER NOT COOPERATING

847 TMT Steels Private Limited CARE BB- CARE D

848 Topdom Marketing Private Limited CARE BB CARE BB+

849 Transformers and Rectifiers India Limited CARE BBB+ CARE A-

850 Trimex Sands Private Limited CARE BBB CARE BBB-

851 Triton Maritime Private Limited CARE BBB CARE BBB-

852 TRN Energy Private Limited CARE BB CARE BBB (SO)

853 TRN Energy Private Limited CARE BB+ CARE BBB+ (SO)

854 Trust Investment Advisor Private Limited CARE A- CARE A

855 Tulsi Trading Co CARE B+ CARE D

856 TV Vision Limited CARE BBB- (SO) CARE D

857 TV Vision Limited CARE BBB (SO) CARE BBB- (SO)

858 U.B.Cotton Private Limited CARE BBB- CARE BBB

859 Ucal Fuel Systems Limited CARE BBB- CARE BBB

860 UCO Bank CARE AA- CARE A+

861 UCO Bank CARE A+ CARE A

862 Um Green Lighting Private Limited CARE BBB- (SO) CARE BB

863 Uma Glass Works CARE C CARE B

864 Urvesh Psyllium Industries Limited CARE BB CARE BB-

865 Usha Spincoat Private Limited CARE B+ CARE BB-

866 Utkal Alumina International Limited CARE AA (SO) CARE AA+ (SO)

867 Utkal Alumina International Limited CARE A+ CARE AA

868 Uttam Sugar Mills Limited CARE C CARE B

869 Uttam Sugar Mills Limited CARE B CARE D

870 Uttam Sugar Mills Limited CARE D CARE BB-

871 Uttar Gujarat Vij Company Limited CARE A+ CARE AA-

872 Vadilal Enterprise Limited CARE BBB (SO) CARE BBB+ (SO)

873 Vadilal Industries Limited CARE BBB CARE BBB+

874 Vaibhav Global Limited CARE BBB+ CARE A-

875 Vaibhav Laxmi Exports Private Limited CARE B+ CARE B

876 Vaibhavlaxmi Clean Energy LLP CARE BB- CARE B+

877 Vaishali Agro Soya Products CARE B CARE B+

878 Valueline Homestyle Private Limited CARE B+ CARE BB-

879 Vasavi Solar Power Private Limited CARE BB CARE D

880 Vatsala Electricals CARE BB- CARE B+

881 Velani Oils Private Limited CARE BB+ CARE D; ISSUER NOT COOPERATING

882 Viral Corporation India Private Limited CARE BBB- CARE BB; ISSUER NOT COOPERATING

883 Vishal Enterprise CARE BB CARE BB+

884 Vishnu Cotton Mills Limited CARE BB- CARE BB+

885 Vitthal Corporation Limited CARE BB- CARE B+

886 Vivekananda Paddy Mills Private Limited CARE BB- CARE BB

887 Vizag Profiles Private Limited CARE BB+ CARE D

888 VKS-Gormi Udotgarh Corridor Private Limited CARE BBB- (SO) CARE BB+ (SO); ISSUER NOT COOPERATING

889 VKT Pharma Private Limited CARE BB+ CARE BBB-

890 Volt-Age Infra Private Limited CARE B- CARE D; ISSUER NOT COOPERATING

891 Vraj & Vaj Construction CARE BB- CARE B+

892 Vriddhi Infratech India Private Limited CARE BB CARE BB+

893 VTC Engineering Private Limited CARE BB- CARE B+; ISSUER NOT COOPERATING

894 Wasan Hospitality Private Limited CARE B+ CARE D

895 Welspun Enterprises Limited CARE A CARE A+

896 Welspun India Limited CARE AA- CARE AA

897 West Coast Fine Foods India Private Limited CARE BBB CARE BBB-

898 West Coast Frozen Foods Private Limited CARE BBB CARE BBB-

899 West Coast Paper Mills Limited CARE BBB+ CARE A

900 Western India Metal Processors Limited CARE BBB- CARE BB

901 Western India Metal Processors Limited CARE BB CARE D

902 Win-Stone Industries (India) Private Limited CARE C CARE D; ISSUER NOT COOPERATING

903 Wockhardt Limited CARE AA CARE AA-

904 Wonder Cement Limited CARE A CARE AA-

905 Wonder Value Realty Developers Private Limited CARE BB- CARE D; ISSUER NOT COOPERATING

906 Yashoda Cotton & General Mills Private Limited CARE B+ CARE D

907 Zears Developers Private Limited CARE BB- CARE B+; ISSUER NOT COOPERATING

908 Salasar Techno Engineering Limited CARE BB+ CARE BBB

12

Sr. No. Name of the Issuer Rating prior to revision Rating post revision

Sr. No. Name of the Issuer Rating prior to revision Rating post revision

1 A.K. Soni Hosiery Mills Private Limited CARE A4 CARE D

2 Abans Broking Service Private Limited CARE A4+ CARE A4; ISSUER NOT COOPERATING

3 Abans Commodities India Private Limited CARE A4+ CARE A4; ISSUER NOT COOPERATING

4 Abans Jewels Private Limited CARE A4+ CARE A4; ISSUER NOT COOPERATING

5 Adani Power Limited CARE A3 @ CARE A4 @

6 Adani Power Rajasthan Limited CARE A3+ CARE A3

7 Agh Wires Private Limited CARE A3 (SO) CARE A4; ISSUER NOT COOPERATING

8 Akal Pipe Industries CARE A4 CARE D

9 AL-Nasir Exports Private Limited CARE A3 CARE A4; ISSUER NOT COOPERATING

10 Amba Shakti Udyog Limited CARE A4 CARE A4+

11 Ambica Alloys CARE A4+ CARE A4

12 Ami Lifesciences Private Limited CARE A3 CARE A3+

13 Amol Dicalite Limited CARE A3+ CARE A2

14 Anup Malleables Limited CARE A4 CARE A4+

15 Anusha Projects Private Limited CARE A4 CARE A4+

16 Apollo Zipper India Limited CARE A4+ (SO) CARE A3 (SO)

17 Appu Hotels Limited CARE A4 CARE D

18 Aptus Value Housing Finance India Limited CARE A2+ CARE A1

19 Aquafil Polymers Company Private Limited CARE A4 CARE D; ISSUER NOT COOPERATING

20 Ardee Technologies Private Limited CARE A4 CARE D

21 Arka Carbon Fuels Private Limited CARE A4 CARE D

22 Asaco Private Limited CARE A4 CARE A3

23 Asahi India Glass Limited CARE A3 CARE A3+

24 Asahi India Glass Limited CARE A3+ CARE A2

25 Asian Hotels (West) Limited CARE A3 CARE A3+

26 Astra Lighting Limited CARE A4 CARE D

27 Asuti Trading Private Limited CARE A4+ CARE D

28 ATC Telecom Infrastructure Private Limited CARE A1 CARE A1+

29 Autoline Industries Limited CARE A4 CARE D

30 Azam Rubber Products Limited CARE A4 CARE D

31 Azure Power India Private Limited CARE A3+ CARE A2+

32 B L A Power Private Limited CARE A4 CARE D

33 Bagzone Lifestyles Private Limited CARE A4+ CARE A3

34 Bajaj Energy Limited CARE A1 @ CARE A4 @

35 Bajaj Hindusthan Sugar Limited CARE A4+ CARE D

36 Bakers Circle India Private Limited CARE A3 CARE A4

37 Bengal Energy Limited CARE A4+ CARE A3

38 Bhagwati Products Limited CARE A1 CARE A2+

39 Bharat Electrical Contractors and Manufacturers Private Limited CARE A3 CARE A3+

40 Bharat Hotels Limited CARE A4+ CARE A3

41 BHEL Electrical Machines Limited CARE A3 CARE A4+

42 Bio Med Healthcare Products Private Limited CARE A3+ CARE A3

43 Birla Furukawa Fibre Optics Private Limited CARE A2+ CARE A1

44 BMM Ispat Limited CARE A4 CARE D

45 BS Limited CARE A4 CARE D; ISSUER NOT COOPERATING

46 BTL EPC Limited CARE A3+ CARE A3

47 C. J. Corporation CARE A4+ CARE D

48 C.P. Milk and Food Products Private Limited CARE A4+ CARE A3

49 Centrodorstroy India Private Limited CARE A3 CARE A3+

50 Century Tiles Limited CARE A3 CARE A4; ISSUER NOT COOPERATING

51 Chartered Hotels Private limited CARE A4+ CARE A4

52 CMI Energy India Private Limited CARE A3 (SO) CARE A3+ (SO)

53 CMI Limited CARE A3 CARE A3+

54 Cold Steel Corporation CARE A4 CARE A4+

55 Compuage Infocom Limited CARE A2 CARE A2+

56 Consolidated Coin Company Private Limited CARE A3 CARE A3+

57 Coral Associates CARE A4+ CARE A4

58 Cosmic Ferro Alloys Limited CARE A4 CARE D

59 Creative Chain Stores Private Limited CARE A3 CARE A4

60 Danopharm Chemicals Private Limited CARE A4 CARE A3

61 Davinder Sandhu Impex Private Limited CARE A3 CARE A3+

62 Dayakara Solar Power Private Limited CARE A2 CARE A2+

63 DBL Hata-Dargawon Tollways Limited CARE A2+ (SO) CARE A1 (SO)

64 DBL Patan Rehli Tollways Limited CARE A2+ (SO) CARE A1 (SO)

65 DBL Tikamgarh Nowgaon Tollways Limited CARE A2+ (SO) CARE A1 (SO)

66 DCM Shriram Industries Limited CARE A2 CARE A1+

67 Deepak Novochem Technologies Limited CARE A3 CARE A3+

68 Delphi-TVS Diesel Systems Limited CARE A1 CARE A2+

69 Digjam Limited CARE A4 CARE D

70 Dilip Buildcon Limited CARE A2+ CARE A1

71 Dollar Industries Limited CARE A2 CARE A1

72 Dwarkadhish Cotspin Private Limited CARE A4 CARE A4+

73 Eco Polyfibres Private Limited CARE A4 CARE D; ISSUER NOT COOPERATING

Rating Movement between April 2017 to September 2017 Short Term

13

Sr. No. Name of the Issuer Rating prior to revision Rating post revision

74 Emami Agrotech Limited CARE A3+ CARE A2

75 EMCO Limited CARE A4 CARE D

76 Emerge Glass India Private Limited CARE A3 CARE A3+

77 EMS Infracon Private Limited CARE A3 CARE A3+

78 Enmas GB Power Systems Projects Limited CARE A4 CARE D

79 Excel Metal Processors Private Limited CARE A3 CARE D

80 Farmers Fortune (India) Private Limited CARE A1 CARE A2

81 Fastrack Communications Private Limited CARE A4 CARE A4+

82 Faze Three Limited CARE A4 CARE A3

83 Feedback Brisa Highways OMT Private Limited CARE A3 (SO) CARE A3+ (SO)

84 Feedback Energy Distribution Company Limited CARE A3 (SO) CARE A3+ (SO)

85 Feedback Infra Private Limited CARE A3 CARE A3+

86 FEPL Engineering Private Limited CARE A4 CARE D

87 Filatex India Limited CARE A3+ CARE A2

88 Flamingo Pharmaceuticals Limited CARE A3 CARE A4+

89 Fugro Survey India Private Limited CARE A1 CARE A2+

90 Gadgil Diamonds Private Limited CARE A3 @ CARE A4+

91 Gajaananda Jewellery Mart India Private Limited CARE A3 CARE A3+

92 Ganpati Sugar Industries Limited CARE A3 CARE A3+

93 Garg Inox Limited CARE A4 CARE D; ISSUER NOT COOPERATING

94 Gayatri Projects Limited CARE A4 CARE A3

95 Gemini Equipment And Rentals Private Limited CARE A4 CARE D

96 Ghai Construction Limited CARE A4+ CARE A4; ISSUER NOT COOPERATING

97 Ghasiram Gokalchand Ship Breaking Yard CARE A4 CARE A4+

98 GHCL Limited CARE A2+ CARE A1

99 GKB Vision Private Limited CARE A4 CARE A4+

100 Glaze Garments (India) Limited CARE A4 CARE D; ISSUER NOT COOPERATING

101 Global Energy Private Limited CARE A3 CARE D

102 GMR Infrastructure Limited CARE A3 CARE A4

103 GMR Warora Energy Limited CARE D CARE A4

104 GNA Axles Limited CARE A2+ CARE A1

105 Gobind Sugar Mills Limited CARE A4+ CARE A3

106 Godavari Drugs Limited CARE A4+ CARE A4; ISSUER NOT COOPERATING

107 GoGoal Hydro Private Limited CARE A3 CARE A4; ISSUER NOT COOPERATING

108 Gondwana Engineers Limited CARE A4 CARE D

109 Gopish Pharma Limited CARE A4 CARE D

110 Grahati Solar Energy Private Limited CARE A2 CARE A2+

111 Growel Feeds Private Limited CARE A3 CARE A3+

112 Gujarat State Petroleum Corporation Limited CARE A1 @ CARE A2

113 Handicraft & Handloom Export Corporation of India Limited CARE A3 CARE A4

114 Harsh Precious Metals Private Limited CARE A4 CARE D

115 Harsh Precious Metals Private Limited CARE D CARE A4

116 Harso Steels Private Limited CARE A4 CARE D; ISSUER NOT COOPERATING

117 Healthfore Technologies Limited CARE A1 (SO) @ CARE A2 (SO) @

118 Healthfore Technologies Limited CARE A2 (SO) @ CARE A4 (SO) @

119 Him Alloys and Steel Private Limited CARE A4 CARE D

120 Himachal Baspa Power Company Limited CARE A1 CARE A1+

121 Himadri Speciality Chemicals Limited CARE A1 CARE A1+

122 Hind Charitable Trust CARE A3 CARE A3+

123 Hindustan Construction Company Limited CARE A4 CARE D

124 Hindustan Waste Treatment Private Limited CARE A1 (SO) CARE A2+ (SO)

125 Hira Ferro Alloys Limited CARE A3 CARE A4+

126 Hira Ferro Alloys Limited CARE A4+ CARE A3

127 Hisar Metal Industries Limited CARE A4 CARE A4+

128 IFCI Factors Limited CARE A1 (SO) CARE A2+ (SO)

129 IFCI Limited CARE A1+ CARE A1

130 IFCI Venture Capital Funds Limited CARE A2+ CARE A3+

131 Inani Marbles & Industries Limited CARE A3 CARE A4+

132 India Power Corporation Limited CARE A1+ @ CARE A2+

133 Indiamco CARE A4 CARE D; ISSUER NOT COOPERATING

134 Indo Rama Synthetics India Limited CARE A4 CARE D

135 Infutec Healthcare Limited CARE A4 CARE D

136 Integrated Equipment India Private Limited CARE A3 CARE D

137 Interjewel Designs CARE A4+ CARE A4

138 Interjewel Designs CARE A4 CARE D

139 Interjewel Private Limited CARE A3+ CARE D

140 Jain Irrigation Systems Limited CARE A3+ CARE A2

141 Jayawanti Babu Foundation CARE A4 CARE D

142 JBF Industries Limited CARE A2+ CARE A4

143 JBF Industries Limited CARE A4 CARE D

144 Jindal Drilling & Industries Limited CARE A1 CARE A2+

145 Jindal Realty Private Limited CARE A3+ CARE A3

146 Jindal Stainless Steelway Limited CARE A3 CARE A3+

147 Jocil Limited CARE A1 CARE A2+

148 Jocil Limited CARE A1 (FD) CARE A2+ (FD)

149 Jyotirmaye Textiles Private Limited CARE A4 CARE A4+

150 Kancor Ingredients Limited CARE A3 CARE A3+

14

Sr. No. Name of the Issuer Rating prior to revision Rating post revision

151 Kannu Aditya India Limited CARE A4+ @ CARE D; ISSUER NOT COOPERATING

152 Kanupat Himghar Private Limited CARE A4 CARE D

153 Ken Agritech Private Limited CARE A3 CARE A4+

154 Kesoram Industries Limited CARE A1 CARE A2+

155 Khanna Papers Mills Limited CARE A2 CARE A2+

156 KIC Metaliks Limited CARE A4 CARE A3

157 Kkalpana Industries (India) Limited CARE A2+ CARE A2

158 Kohinoor Foods Limited CARE A3 CARE A4

159 Kovai Medical Center and Hospital Limited CARE A1 CARE A1+

160 KSH International Private Limited CARE A3 CARE A3+

161 Kujjal Builders Private Limited CARE A4+ (SO) CARE A3 (SO)

162 Lahari Laminates Private Limited CARE A3 (SO) CARE A4+ (SO)

163 Lahoty Buildcon Limited CARE A4+ CARE A4

164 Lakhtarwala Jewellers Private Limited CARE A3 CARE A4+

165 Lata Exports Apparels Private Limited CARE A4 CARE D

166 Ligare Aviation Limited CARE A3 CARE A4

167 London Star Diamond Company India Private Limited CARE A4 CARE D

168 M.P.K. Ispat India Private Limited CARE A4 CARE D

169 M.P.K. Metals Private Limited CARE A4 CARE D

170 M.P.K. Steels India Private Limited CARE A4 CARE D

171 Madhav Solar Private Limited CARE A3 CARE A3+

172 Magnum Aviation Private Limited CARE A4 CARE D

173 Mahalaxmi TMT Private Limited CARE A4 CARE D

174 Maini Constructions Equipments Private Limited CARE A4 CARE D

175 Manaksia Industries Limited CARE A2+ CARE A2

176 Mangal Electrical Industries Private Limited CARE A4 CARE A4+

177 Mantena Constructions Private Limited CARE A3 CARE A2

178 Maruthi Tubes Private Limited CARE D CARE A4

179 Mastana Foods Private Limited CARE A4 CARE D; ISSUER NOT COOPERATING

180 MB Power (Madhya Pradesh) Limited CARE A4 CARE A4+

181 Medicare Environmental Management Private Limited CARE A3 (SO) CARE A3+ (SO)

182 Medsave Healthcare TPA Limited CARE A3 CARE A4+

183 Meena Jewellers and Diamond Private Limited CARE A3 CARE A4; ISSUER NOT COOPERATING

184 Meena Jewellers Private Limited CARE A3 CARE A4; ISSUER NOT COOPERATING

185 Mega International Private Limited CARE A3 CARE A3+

186 Methodex Systems Private Limited CARE A1 CARE A2+

187 Mihit Solar Power Private Limited CARE A2 CARE A2+

188 Mott MacDonald Private Limited CARE A1+ CARE A1

189 Mumbai Waste Management Limited CARE A3 CARE A3+

190 Namdhari Rice and General Mills CARE A4 CARE D

191 Navbharat Explosive Company Limited CARE A4 CARE D

192 Navbharat Fuse Company Limited CARE A4 CARE D

193 Nav Durga Fuel Private Limited CARE A4; ISSUER NOT COOPERATING CARE D

194 Nav Durga Fuel Private Limited CARE D CARE A4

195 Navin Housing and Properties Private Limited CARE A3+ CARE A3

196 Nayaab Jewels CARE A4 CARE D

197 NCL Industries Limited CARE A3 CARE A3+

198 Netafim Agricultural Financing Agency Private Limited CARE A2 CARE A2+

199 New Delhi Television Limited (NDTV) CARE A2+ CARE A3 @

200 NGP Industries Limited CARE A4+ CARE A4

201 Nilkanth Ferro Limited CARE A4+ CARE A4; ISSUER NOT COOPERATING

202 Nirlep Appliances Private Limited CARE A3 CARE A4+

203 Noble India Construction Company CARE A4+ CARE A4

204 NTPC Tamil Nadu Energy Company Limited CARE A3+ CARE A2

205 Nutan Ispat and Power Private Limited CARE A3 CARE A4+

206 NV International Private Limited CARE D CARE A4

207 Oopal Diamond CARE A4+ CARE A4

208 Orchid Pharma Limited CARE A4 CARE D

209 Oriental Structural Engineerings Private Limited CARE A2+ CARE A2

210 Ortel Communications Limited CARE A3 CARE D; ISSUER NOT COOPERATING

211 Osmed Formulation Private Limited CARE A4 CARE D

212 Oswal Knitting and Spinning Industries Limited CARE A4 CARE D; ISSUER NOT COOPERATING

213 P & R Infraprojects Limited CARE A4 CARE A4+

214 P&C Projects Private Limited CARE A4 CARE A3

215 P.M.P. Textiles Spinning Mills Limited CARE A4 CARE D; ISSUER NOT COOPERATING

216 Panacea Biotec Limited CARE D CARE A4

217 Panacea Biotec Limited CARE A4 CARE D

218 Pantel Technologies Private Limited CARE A4 CARE D

219 Panyam Cements and Mineral Industries Limited CARE A4 CARE D

220 Parishudh Machines Private Limited CARE A4 CARE D

221 Patel Infrastructure Private Limited CARE A2 CARE A1

222 Phenil Sugars Limited CARE A4 CARE D

223 PPN Power Generating Company Private Limited CARE A1 CARE A2+

224 Precision Camshafts Limited CARE A2 CARE A1

225 Precot Meridian Limited CARE A4+ CARE A3

226 Premierworld Technology Limited CARE A4 CARE D

227 Prerna Services Private Limited CARE A4 CARE D

15

Sr. No. Name of the Issuer Rating prior to revision Rating post revision

228 Prescient Color Limited CARE A3+ CARE A1 (SO)

229 Priority Gold Private Limited CARE A3+ (SO) CARE A3 (SO)

230 Priority Jewels Private Limited CARE A3+ CARE A3

231 Quadrant Televentures Limited CARE A4+ CARE A4; ISSUER NOT COOPERATING

232 R S Software Limited CARE A1 CARE A2

233 RA Chem Pharma Limited CARE A3+ CARE A1+ (SO)

234 Raghuvir Oil Mill CARE A4 CARE D; ISSUER NOT COOPERATING

235 Rajda Industries & Exports Private Limited CARE A4+ CARE A4; ISSUER NOT COOPERATING

236 Rajshree Polypack Private Limited CARE A3 CARE A3+

237 Rajvir Industries Limited CARE A4 CARE D

238 Ramky Enviro Engineers Limited CARE A3 CARE A3+

239 Ramniklal and Sons CARE A4 CARE D; ISSUER NOT COOPERATING

240 Ranchhod Oil Mill Company CARE A4 CARE D; ISSUER NOT COOPERATING

241 Rathi Industries Limited CARE A3+ CARE A3

242 Rausheena Udyog Limited CARE A4 CARE A4+

243 Rays Power Experts Private Limited CARE A3 CARE A4

244 Reliance Big TV Limited CARE A2+ (SO) @ CARE A4 (SO) @

245 Reliance Big TV Limited CARE A4 (SO) @ CARE D

246 Reliance Cement Company Private Limited CARE A2+ CARE A1

247 Reliance Communications Infrastructure Limited CARE A2+ (SO) @ CARE A4 (SO) @

248 Reliance Communications Infrastructure Limited CARE A4 (SO) @ CARE D

249 Reliance Communications Limited CARE A2+ @ CARE A4 @

250 Reliance Communications Limited CARE A4 @ CARE D

251 Reliance Infrastructure Limited CARE A1+ @ CARE A2+ @

252 Remi Process Plant & Machinery Limited CARE A2 CARE A3

253 Rieco Industries Limited CARE A3 CARE A1 (SO)

254 Rishab Industries CARE A4 CARE A4+

255 Rohan Rajdeep Highways Limited CARE A4+ CARE A2 (SO)

256 Rohan Rajdeep Katol Bypass Infrastructure CARE A4+ CARE A3 (SO)

257 Rohan Rajdeep Rajasthan Infra Projects Limited CARE A4 CARE A2 (SO)

258 Rohan Rajdeep Warora ROB Infrastructure CARE A4+ CARE A3 (SO)

259 Rolex Rings Private Limited CARE A4 CARE D

260 RRB Energy Limited CARE D CARE A4

261 Rushil Decor Limited CARE A3+ CARE A2

262 S.P.Y. Agro Industries Limited CARE D CARE A4

263 S.R.Industries Limited CARE A4 CARE D

264 Saigon Infratech Private Limited CARE A4 CARE D; ISSUER NOT COOPERATING

265 Sajjala Woven Sacks Private Limited CARE D CARE A4

266 Salora International Limited CARE A3 CARE A4+

267 Samson Maritime Limited CARE A2+ CARE A3+; ISSUER NOT COOPERATING

268 Samudra Electronic System Private Limited CARE A1 (SO) CARE A2+ (SO)

269 Sanghavi Jewel Private Limited CARE A4+ CARE A4

270 Sanginita Chemicals Limited CARE A4+ CARE A3

271 Sanvijay Rolling and Engineering Limited CARE A3+ CARE A3; ISSUER NOT COOPERATING

272 Saraf Foods Limited CARE A4 CARE A4+

273 Satin Creditcare Network Limited CARE A1 CARE A2

274 Saurav Chemicals Limited CARE A2 CARE A2+

275 Saveetha Institute Of Medical & Technical Sciences CARE A2 CARE A2+

276 SBS Transpole Logistics Private Limited CARE A4 CARE D; ISSUER NOT COOPERATING

277 Senbo Engineering Limited CARE A4 CARE D

278 Serveall Land Developers Private Limited CARE A3 (SO) CARE A3+

279 Shaily Engineering Plastics Limited CARE A2 CARE A2+

280 Shakti Pumps India Limited CARE A2 CARE A2+

281 Shalimar Paints Limited CARE A3 CARE D

282 Shalimar Paints Limited CARE A3 CARE A4

283 Shingora Textiles Limited CARE A2+ CARE A2

284 Shree Rajasthan Syntex Limited CARE A4 CARE D

16

Sr. No. Name of the Issuer Rating prior to revision Rating post revision

285 Shree Ramkrishna Exports Private Limited CARE A2+ CARE A1

286 Shree Shubham Logistics Limited CARE A3+ CARE A3

287 Shreyans Industries Limited CARE A3+ CARE A2

288 Shri Lal Mahal Limited CARE A4+ @ CARE D; ISSUER NOT COOPERATING

289 Shriram EPC Limited CARE A4 CARE D

290 Sify Technologies Limited CARE A1 CARE A1+

291 Sigma Industrial Corporation CARE A4 CARE D; ISSUER NOT COOPERATING

292 Signet Industries Limited CARE A3+ CARE A4+; ISSUER NOT COOPERATING

293 Silmohan Gems Private Limited CARE A4 CARE D

294 Sintex Industries Limited CARE A1+ @ CARE A1

295 Sintex Prefab And Infra Limited CARE A1 @ CARE A1+

296 Sintex-BAPL Limited CARE A2+ @ CARE A1+

297 Siva Granite Products CARE A4 CARE A4+

298 SLR Metaliks Limited CARE A2 (SO) CARE A3+ (SO)

299 SMC Infrastructure Private Limited CARE A1 CARE A2+

300 Softtech Engineers Private Limited CARE A4 CARE A4+

301 Somany Sanitary Ware Private Limited CARE A4+ CARE A3

302 Sonic Biochem Extractions Limited CARE A3 CARE A3+

303 SPGV Petrochem India Private Limited CARE A4+ CARE D

304 Sporting Syndicate Private Limited CARE A3 CARE A4+; ISSUER NOT COOPERATING

305 Sriam Labs Private Limited CARE A3 CARE A1+ (SO)

306 Sri Laxmi Enterprises CARE A4 CARE D

307 Star Agriinfrastructure Private Limited CARE A2 CARE A3+

308 Star Agriwarehousing and Collateral Mangement Limited CARE A1 CARE A2

309 StarAgri Finance Limited Provisional CARE A1 (SO) Provisional CARE A2 (SO)

310 Steel Exchange India Limited CARE A4 CARE D

311 Stone India Limited CARE A4 CARE D

312 Strategic Outsourcing Services Private Limited CARE A3 CARE A4

313 Sun Agrifresh Industries Private Limited CARE A4+ CARE A4; ISSUER NOT COOPERATING

314 Sunil Chemical Industries CARE A4+ CARE A4

315 Sunil Sponge Private Limited CARE A4+ CARE A4; ISSUER NOT COOPERATING

316 Sunil Sponge Private Limited CARE A4 CARE A4+

317 Surya Containers Private Limited CARE A4 CARE D; ISSUER NOT COOPERATING

318 Suryavanshi Infrastructure Private Limited CARE A2+ (SO) CARE A1 (SO)

319 Suzuki Textiles Limited CARE A4 CARE D

320 Swan Energy Limited CARE A4+ CARE A4

321 Swastik Coal Corporation Private Limited CARE A4 CARE D

322 Swastik Oil Refinery Private Limited CARE A4 CARE D

323 TAG Offshore Limited CARE A3+ CARE A4; ISSUER NOT COOPERATING

324 TCG Lifesciences Limited CARE A2+ CARE A2

325 Tebma Shipyards Limited CARE A4 CARE D

326 Terapanth Foods Limited CARE A4 CARE A4+

327 The India Cements Limited CARE A3 @ CARE A1

328 The Mobile Store Services Limited CARE A4 CARE D

329 The State Trading Corporation of India CARE A4+ CARE D

330 TIL Limited CARE A3+ CARE A2

331 TMT Steels Private Limited CARE A4 CARE D

332 Transformers and Rectifiers India Limited CARE A3+ CARE A2

333 TRN Energy Private Limited CARE A4+ CARE A3+ (SO)

334 U.B.Cotton Private Limited CARE A3 CARE A3+

335 Um Green Lighting Private Limited CARE A3 (SO) CARE A4

336 Uppal Housing Private Limited CARE A3+ CARE A3

337 Uttam Sugar Mills Limited CARE D CARE A4

338 Uttam Sugar Mills Limited CARE A4 CARE D

339 Vadilal Enterprise Limited CARE A3+ (SO) CARE A2 (SO)

340 Vadilal Industries Limited CARE A3+ CARE A2

341 Vaibhav Global Limited CARE A2 CARE A2+

342 Velani Oils Private Limited CARE A4+ CARE D; ISSUER NOT COOPERATING

343 Viral Corporation India Private Limited CARE A3 CARE A4; ISSUER NOT COOPERATING

344 Vishal Enterprise CARE A4 CARE A4+

345 Vishnu Cotton Mills Limited CARE A4 CARE A4+

346 Vistas Investments Private Limited CARE A2 CARE A4; ISSUER NOT COOPERATING

347 Vizag Profiles Private Limited CARE A4+ CARE D

348 VKS-Gormi Udotgarh Corridor Private Limited CARE A3 (SO) CARE A4+ (SO); ISSUER NOT COOPERATING

349 Volt-Age Infra Private Limited CARE A4 CARE D; ISSUER NOT COOPERATING

350 Vriddhi Infratech India Private Limited CARE A4 CARE A4+

351 Welspun Enterprises Limited CARE A1 CARE A1+

352 West Coast Fine Foods India Private Limited CARE A3+ CARE A3

353 West Coast Frozen Foods Private Limited CARE A3+ CARE A3

354 West Coast Paper Mills Limited CARE A3+ CARE A1

355 Western India Metal Processors Limited CARE A3 CARE A4

356 Western India Metal Processors Limited CARE A4 CARE D

357 Win-Stone Industries (India) Private Limited CARE A4 CARE D; ISSUER NOT COOPERATING

358 Salasar Techno Engineering Limited CARE A4+ CARE A3+

@ Under Credit Watch

17