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

1 Aadi Procon Private Limited CARE B+ CARE BB-

2 Aadit Enterprises CARE B+ CARE D

3 Aakash Global Foods Private Limited CARE BB CARE BB+

4 Aban Offshore Limited CARE D CARE BB-

5 ABP Private Limited CARE A CARE A-

6 Accel Frontline Limited CARE BB CARE BB+

7 Ace Tyres Limited CARE BBB CARE A-

8 Adani International Container Terminal Private Limited CARE A- CARE A

9 Adani Power Maharashtra Limited CARE BBB- CARE BBB

10 Adani Power Rajasthan Limited CARE BBB- CARE BBB

11 Adhunik Power & Natural Resources Limited CARE BBB CARE BB+

12 Adinath Motors CARE B+ CARE BB-

13 Aditya Exim Limited CARE BB- CARE D

14 Aegis Limited CARE A CARE A+

15

Agarwal Marketing and Services (Energy) Private

Limited CARE BB CARE BB-

16 Agarwal Rubber Limited CARE B+ CARE BB-

17 AGC Networks Limited CARE BBB+ CARE BBB-

18 Agile Electric Sub Assembly Private Limited CARE BBB CARE A-

19 Agrasen Engineering Industries Limited CARE BBB CARE BBB+

20 Ahluwalia Contracts India Limited CARE BBB CARE BBB+

21 Ahuja Overseas CARE B+ CARE BB-

22 AHW Steels Limited CARE BB+ CARE BBB-

23 Aishwarya Technologies and Telecom Limited CARE C CARE B-

24 Ajmera Pharmasure Private Limited CARE BB- CARE BB

25 AksharChem (India) Limited CARE BBB+ CARE A-

26 Alankit Assignments Limited CARE BB+ CARE BB

27 Alba Asia Private Limited CARE D CARE C

28 Alfa Ica (India) Limited CARE BBB- CARE BBB

29 Allied Blenders & Distillers Private Limited CARE BBB- CARE BBB

30 Alok Industries Limited CARE BBB CARE BBB-

31 Amalgamated Bean Coffee Trading Company Limited CARE A+ CARE A

32 Amanta Healthcare Limited CARE BB+ CARE BBB-

33 Amar Cottex Private Limited CARE B CARE B+

34 Amar Plastics CARE BB+ CARE BB

35 Amarsagar Seafoods Private Limited CARE BB- CARE BB

36 Amba River Coke Limited CARE BBB+ CARE A

37 AMCL Machinery Limited CARE BBB+ (SO) CARE BBB- (SO)

38 Amit Mines Private Limited CARE B CARE BB-

39 Amman-Try Sponge & Power Private Limited CARE BB+ CARE BBB-

40 Ample Textile Corporation Private Limited CARE B+ CARE BB-

41 Amritesh Industries Private Limited CARE BB CARE BB-

42 Ananda Offset Private Limited CARE A CARE A-

43 Anantha PVC Pipes Private Limited CARE BB- CARE B

44

Andhra Pradesh Heavy Machinery and Engineering

Limited CARE A- CARE A

45 Anil Limited CARE A- CARE BBB+

46 Ankit Gems Private Limited CARE BBB CARE BBB+

47 Ankur Biochem Private Limited CARE BBB- CARE BBB

48 Annu Infra Construct India Private Limited CARE BB CARE BB+

49 Anupam Industries Limited CARE BBB+ CARE BBB-

Annexure IIRating Movement between October 2014 to March 2015 Long Term

1

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

50 Anupam MHI Industries Limited CARE BBB CARE BBB+

51 Apco Infratech Private Limited CARE BBB CARE BBB+

52 APE Power Private Limited CARE BB- CARE BB

53 Aran Kitchenworld India Private Limited CARE B CARE D

54 Arasmeta Captive Power Company Private Limited CARE B CARE D

55 Arcadia Shipping Limited CARE BBB CARE BBB-

56 ARG Royal Ensign Developers Private Limited CARE B+ CARE B

57 Aristo Realty Developers Limited CARE BB+ CARE BB

58 Arkay Energy (Rameswarm) Limited CARE BBB- CARE BBB

59 Arti Silk Mills Private Limited CARE BB- CARE BB

60 Arumugha Mudaliar Sornam Educational Trust CARE BB- CARE D

61 Asan Memorial Association CARE BB CARE D

62 Ashaganga Exports CARE BB- CARE BB

63 Ashiana Housing Limited CARE BBB+ (Is) CARE A- (Is)

64 Asian Hotels (North) Limited CARE BBB CARE BBB-

65 ASK Home Furnishing Private Limited CARE BB- CARE BB

66 Asomi Finance Private Limited CARE BB- CARE BB

67 Associated Power Structure Private Limited CARE BB+ CARE BBB-

68 Asta Ceramic Private Limited CARE B+ CARE BB-

69 Aster Infratek Private Limited CARE BB CARE BB-

70 Astron Developers Private Limited CARE D CARE B

71 Astron Packaging Limited CARE BBB CARE BBB+

72 ATC Tires Private Limited CARE A+ CARE AA-

73 Atul Limited CARE AA CARE AA+

74 Au Financiers India Limited CARE A- CARE A

75 Au Financiers India Limited CARE A CARE A+

76 Autodecor Private Limited CARE B CARE D

77 Avaneetha Textile Private Limited CARE BB+ CARE BBB-

78 Avinash Developers Private Limited CARE BB- CARE BB

79 Avirat Cotton Industries Private Limited CARE B CARE B+

80 Avni Yarns Private Limited CARE B CARE B+

81 Axtel Industries Limited CARE BBB CARE BBB-

82 Badarpur Faridabad Tollway Limited CARE B CARE D

83 Bahl Paper Mills Limited CARE BBB CARE BBB+

84 Bajaj Energy Private Limited CARE BBB+ CARE A-

85 Bajaj Hindusthan Limited CARE BBB+ CARE BB

86 Bajoria Appliances Private Limited CARE BBB- CARE BBB

87 Balaji Chawal Mills Private Limited CARE B CARE D

88 Balaji Fiber Reinforce Private Limited CARE B+ CARE D

89 Balaji Filaments Limited CARE BB CARE D

90 Balaji Formalin Private Limited CARE BBB- CARE BBB

91 Balarka Fabricon Private Limited CARE B CARE BB-

92 Banswara Global Limited CARE BBB (SO) CARE BBB+ (SO)

93 Banswara Syntex Limited CARE BBB CARE BBB+

94 Beam Flashlight Private Limited CARE C CARE D

95 Bebitz Flanges Works Private Limited CARE BBB CARE A-

96 BEJ Ceramic CARE B+ CARE BB-

97 Bellona Estate Developers Limited CARE BBB (SO) CARE BB (SO)

98 Bengal & Assam Company Limited CARE BBB CARE A

99 Bengal Aerotropolis Projects Limited CARE BBB- CARE BBB

100 Bhadrashree Steel and Power Limited CARE BB- CARE BB+

101 Bhagyoday Agro Industries CARE B CARE B+

102 Bharat Chemicals and Paints CARE B+ CARE D

2

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

103 Bharat Hotels Limited CARE BBB+ CARE D

104 Bharat Hotels Limited CARE D CARE BBB-

105 Bharat Serums & Vaccines Limited CARE A- CARE A

106 Bharti Vidhyapeeth Pune CARE BBB CARE BBB+

107 Bharuch Dahej Railway Company Limited CARE BBB+ CARE A-

108 Bhavani Cotspin CARE BB- CARE BB

109 Bhavesh Ginning Industries CARE B CARE B+

110 Bhavnagar Energy Company Limited CARE A- CARE BBB+

111 Bhilangana Hydro Power Limited CARE BBB CARE BBB+

112 Bhrunda Infra Private Limited CARE B+ CARE BB-

113 Bhushan Steel Limited CARE BB @ CARE D

114 Bindlas Duplux Limited CARE BB+ CARE BBB-

115 Biological E. Limited CARE A CARE A+

116 Biostadt India Limited CARE BBB+ CARE A-

117 Bird Worldwide Flight Services India Private Limited CARE BBB+ CARE A-

118 Birla Ericsson Optical Limited CARE BBB (SO) CARE A- (SO)

119 Black Rose Industries Limited CARE BB- CARE BB

120 BMP Steels Private Limited CARE BBB- (SO) CARE BBB (SO)

121 Borkar Packaging Private Limited CARE BBB- CARE BBB

122 BSL Limited CARE BBB- CARE BBB

123 C.L. Gupta Exports Limited CARE BBB- CARE BBB

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

125 Cadila Pharmaceuticals Limited CARE A- CARE A

126 Can Fin Homes Limited CARE AA+ CARE AAA

127 Captain Pipes Limited CARE B CARE BB-

128 Caparo Engineering India Limited CARE B CARE D

129 Caparo Engineering India Limited CARE D CARE B

130 CEAT Limited CARE A CARE A+

131 Celite Tyre Corporation CARE BB CARE BB+

132 Century Infrapower Private Limited CARE BB CARE BB+

133 Century Texofin Private Limited CARE BB- CARE BB

134 Chandigarh Educational Society CARE BB+ CARE BBB

135 Chandigarh Educational Trust CARE BBB CARE BBB+

136 Chandra Autowheels Private Limited CARE B+ CARE B

137 Chengmari Tea Company Limited CARE BB CARE BB+

138 Chhattisgarh Steel & Power Limited CARE B- CARE B+

139 Chirayu Charitable Foundation CARE BB- CARE BB

140 Chiripal Charitable Trust CARE D CARE B+

141 City Rolling Mills Private Limited CARE B+ CARE BB

142 Classic Citi Investments Private Limited CARE A- (SO) CARE A (SO)

143 Classic Wears Private Limited CARE B CARE B+

144 Compuage Infocom Limited CARE BBB- CARE BBB

145 Constant Engineering Private Limited CARE B+ CARE D

146 Corporation Bank CARE AA+ CARE AA

147 Corporation Bank CARE AAA CARE AA+

148 Cosmopolitan Hospitals Private Limited CARE BBB+ CARE BBB

149 Cox & Kings Limited CARE AA- CARE AA

150 Creamy Foods Limited CARE BBB- CARE BBB

151 Creative Casuals India Private Limited CARE BBB (SO) CARE BBB+ (SO)

152 Creative Garments Private Limited CARE BBB CARE BBB+

153 Creative Portico Private Limited CARE BBB CARE BBB+

154 Creative Textile Mills Private Limited CARE BBB CARE BBB+

155 Credo Brands Marketing Private Limited CARE A+ CARE AA-

3

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

156 CTS Industries Limited CARE C CARE D

157 Cuprum Bagrodia Limited CARE BBB CARE BBB+

158 D. Navinchandra Exports Private Limited CARE BBB- CARE BBB

159

D.E.C. Infrastructures and Projects (India) Private

Limited CARE BBB CARE BBB+

160 Dakshin Gujarat Vij Company Limited CARE A CARE A+

161 Damodar Industries Limited CARE BBB- CARE BBB

162 Damodar Valley Corporation CARE AA- CARE A+

163 Darbhanga Motihari Transmission Company Limited CARE BBB- CARE BBB+ (SO)

164 Datta Agro Services Private Limited CARE BB CARE D

165 DB Corp Limited CARE AA+ CARE AAA

166 De Converter India Private Limited CARE BB- CARE BB

167 Deepak Nexgen Feeds Private Limited CARE BB- CARE BB

168 Deepika Infratech Private Limited CARE B CARE D

169 Deevya Shakti Paper Mills Private Limited CARE BBB- CARE BBB

170 Devu Tools Private Limited CARE BB CARE BB+

171 Dhanania Rubber Limited CARE BB- CARE BB

172 Dhanraj Dhadda and Sons CARE BB CARE BB+

173 Dharampal Premchand Limited CARE BB CARE BBB-

174 Dharti Cotton Private Limited CARE B CARE B+

175 Dharti Dredging & Infrastructure Limited CARE B- CARE BB+

176 Dhruv Industries Limited CARE BB- CARE BB

177 Dhunseri Petrochem Limited CARE A+ @ CARE A

178 Diamond Power Infrastructure Limited CARE BBB+ CARE C

179 Diamond Power Infrastructure Limited CARE BBB+ CARE D

180 Diamond Power Transformers Limited CARE BBB+ (SO) CARE C (SO)

181 Diamond Power Transformers Limited CARE BBB+ (SO) CARE C (SO)

182 Digamber Capfin Limited CARE BB CARE BB+

183 Dineshchandra R. Agrawal Infracon Private Limited CARE BBB+ CARE A-

184 Dishman FZE CARE BBB (SO) CARE BBB+ (SO)

185 Dishman Infrastructure Limited CARE C CARE D

186 Dishman Pharmaceuticals and Chemicals Limited CARE BBB CARE BBB+

187 Dolbi`s Granite Exports Private Limited CARE B- CARE D

188 Dreisatz Mysolar 24 Private Limited CARE BBB+ CARE A-

189 DRT-Anthea Aroma Chemicals Private Limited CARE BBB+ CARE A-

190 Duke Sponge and Iron Private Limited CARE B CARE B+

191 Duncans Industries Limited CARE B- CARE D

192 Duncans Tea Limited CARE BB CARE BB+

193 Dunn Foods Private Limited CARE BB- CARE D

194 Durgapur Medical Centre Private Limited CARE BBB- CARE BBB

195 Dynamic Cables Private Limited CARE B+ CARE BB

196 E-City Digital Cinemas Private Limited CARE BBB- CARE BBB

197 Ecomotel Hotel Limited CARE C CARE D

198 Elecon Engineering Company Limited CARE A+ CARE A

199 Elecon EPC Projects Limited CARE A+ (SO) (In Principle) CARE A (SO) (In Principle)

200 Electromech CARE B+ CARE BB-

201 Emcure Pharmaceuticals Limited CARE A+ CARE AA-

202 EMS Infracon Private Limited CARE BB+ CARE BBB-

203 EMT Megatherm Private Limited CARE BBB- CARE BB+

204 Enaltec Labs Private Limited CARE BBB- CARE BBB

205 Energo Engineering Projects Limited CARE BBB- CARE BBB

206 Energy Development Company Limited CARE BBB+ CARE BBB

4

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

207 Ennore Tank Terminals Private Limited CARE BBB+ CARE A

208 Enviro Control Associates India Private Limited CARE A- CARE A

209 Equitas Finance Private Limited CARE BBB+ CARE A-

210 Equitas Micro Finance Private Limited CARE A- CARE A

211 Equitas Micro Finance Private Limited - Securitization CARE BBB (SO) CARE A+ (SO)

212 ESAF Microfinance & Investments Private Limited CARE BBB- CARE BBB

213 Eskay Silk Industries Private Limited CARE B+ CARE BB-

214 Ess Kay Auto Finance Private Limited CARE BBB- CARE BBB

215 Ess Kay Auto Finance Private Limited CARE BB+ CARE BBB-

216 Essel Bhind Mihona Gopalpur Toll Roads Limited CARE BBB- (SO) CARE BBB+ (SO)

217 Essel Bina Khimalasa Malthon Toll Roads Limited CARE BBB- (SO) CARE BBB+ (SO)

218 Essel Damoh - Jabalpur Toll Roads Limited CARE BBB- (SO) CARE BBB+ (SO)

219 Essel Gwalior Shivpuri Toll Roads Private Limited CARE BBB- (SO) CARE BBB+ (SO)

220 Essel Infraprojects Limited CARE BBB- CARE BBB+

221 Essel Ludhiana Talwandi Toll Roads Private Limited CARE BBB- (SO) CARE BBB+ (SO)

222 Essel Mhow Ghatabillod Toll Roads Private Limited CARE BBB- (SO) CARE BBB+ (SO)

223 Essel Sagar Damoh Toll Roads Limited CARE BBB- (SO) CARE BBB+ (SO)

224

Essel Walajahpet Poonamallee Toll Roads Private

Limited CARE BBB- (SO) CARE BBB+ (SO)

225 Etco Denim Private Limited CARE B CARE D

226 Eureka Forbes Limited CARE AA CARE AA-

227 Everest Kanto Cylinder Limited CARE BB+ CARE C

228 Everest Kanto Cylinder Limited CARE BB+ CARE D

229 Exel Rubber Limited CARE A- CARE A

230 Expat Engineering India Limited CARE B+ CARE B

231 Express Infrastructure Private Limited CARE A- CARE A+

232 Fabworth Promoters Private Limited CARE BBB- CARE BB+

233 Facor Power Limited CARE BB CARE C

234 Facor Power Limited CARE BB CARE D

235 Fahrenheit Automobiles Private Limited CARE B- CARE BB-

236 Farmers Fortune (India) Private Limited CARE A- CARE A

237 Faze Three Limited CARE D CARE C

238 Fibremarx Papers Private Limited CARE BB- CARE BB

239 Firestar Diamond BVBA CARE A- (SO) CARE BBB+ (SO)

240 Firestar Diamond BVBA CARE A- (SO) (In Principle) CARE BBB+ (SO) (In Principle)

241 Firestar Diamond International Private Limited CARE A- (SO) CARE BBB+ (SO)

242 Firestar Diamond Limited CARE A- (SO) CARE BBB+ (SO)

243 Firestar International Private Limited CARE A- (SO) CARE BBB+ (SO)

244 Fivebro International Private Limited CARE B- CARE D

245 Foods and Inns Limited CARE B+ CARE BB+

246

Foundation for Life Sciences and Business

Management (Shoolini University) CARE BB- CARE BB

247 Friends Salt Works & Allied Industries CARE BB+ CARE BBB-

248 Fun Multiplex Private Limited CARE BBB+ CARE A-

249 Future Retail Limited CARE A CARE AA-

250 G. S. Radiators Limited CARE B CARE B+

251 Gajra Gears Private Limited CARE B- CARE B+

252 Gammon India Limited CARE C CARE D

253 Gangamai Industries & Construtions Limited CARE BB+ CARE BB

5

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

254 Gangavaram Port Limited CARE A CARE A+

255 Ganpat Lal Pawan Kumar Traders Private Limited CARE BB CARE D

256 Gardex CARE B+ CARE BB

257 Garg Inox Limited CARE BB CARE BB-

258 Gati Infrastructure Private Limited CARE D CARE BB-

259 Gati Kintetsu Express Private Limited CARE A- CARE A

260 Gautam Exports CARE B+ CARE D

261 Gayatri Projects Limited CARE BB+ CARE D

262 Gayatri Projects Limited CARE D CARE B+

263 Gayatri Rice Mill CARE BB CARE BB+

264 Gee Pee Infotech Private Limited CARE BB CARE D

265 Genesis Resorts Private Limited CARE BB CARE D

266 Gennova Biopharmaceutical Limited CARE A+ (SO) CARE AA- (SO)

267 Genus Paper & Boards Limited CARE BB- CARE BBB-

268 Ghanshyam Das Rungta Foundation CARE BB- CARE BB+

269 Ghaziabad Ispat Udyog Limited CARE BB CARE BB-

270 Ghaziabad Precision Products Private Limited CARE BBB- CARE BBB

271 GHCL Limited CARE BBB CARE BBB+

272 Gina Developers Private Limited CARE B+ CARE BB-

273 GJS Infratech Private Limited CARE BB CARE BB+

274 Glass Equipment India Limited CARE BBB+ (SO) CARE BBB- (SO)

275 Glass Wall Systems (India) Private Limited CARE BBB CARE A-

276 Global Energyfood Industries Private Limited CARE B CARE BB-

277 Globetrotters Educational Innoventions Private Limited CARE BB+ CARE BBB-

278 GMR Chennai Outer Ring Road Private Limited CARE BBB+ (SO) CARE BBB (SO)

279 GMR Energy Limited CARE BBB+ (SO) CARE BBB (SO)

280 GMR Infrastructure (Mauritius) Limited CARE BBB+ (SO) CARE BBB (SO)

281 GMR Infrastructure Limited CARE BBB+ CARE BBB

282 GMR Rajahmundry Energy Limited CARE BB CARE D

283 Godawari Green Energy Limited CARE BBB- CARE BBB

284 Gold Field Shiksha Sanstha (Regd.) CARE BBB- CARE BB+

285 Golden Jubilee Hotels Limited CARE D CARE B

286 Golden Metal Private Limited CARE BB- CARE BB

287 Golden Seams Industries Private Limited CARE BB CARE BB+

288 GPT Healthcare Private Limited CARE BB CARE BB+

289 GPT Infraprojects Limited CARE BBB CARE BBB-

290 Grain Milling Company Private Limited CARE BBB- CARE BBB

291 Grand Windsor Resorts Limited CARE BBB- CARE BB+

292 Grauer & Weil (India) Limited CARE A- CARE A

293 Gravity Ferrous Private Limited CARE BB- CARE BB

294 Greenbrilliance Energy Private Limited CARE BB CARE D

295 Gripwell Tools Industries CARE B+ CARE BB-

296 GTN Enterprises Limited CARE BB- CARE BB

297 Gujarat Energy Transmission Corporation Limited CARE A CARE A+

298 Gujarat Foils Limited CARE BBB- CARE BBB

299 Gujarat Hy-Spin Private Limited CARE B CARE B+

300 Gujarat JHM Hotels Limited CARE BBB- CARE BBB

301 Gujarat State Electricity Corporation Limited CARE A CARE A+

302 Gujarat State Petroleum Corporation Limited CARE AA+ CARE AA

303 Gujarat State Petroleum Corporation Limited CARE AA CARE AA-

304 Gujarat Urja Vikas Nigam Limited CARE A CARE A+

305 Gulf Asphalt Private Limtied CARE BBB- CARE BBB

6

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

306 Gulshan Polyols Limited CARE A CARE A+

307 Gupta Metal Sheets Limited CARE D CARE B

308 Gurudeo Exports Corporation Private Limited CARE BB CARE BB+

309 Gurulaxmi Cottex Private Limited CARE B+ CARE BB-

310 GVK Deoli Kota Expressway Private Limited CARE BBB CARE BBB-

311 GVK Emergency Management and Research Institute CARE BBB- CARE BBB

312 GVK Gautami Power Limited CARE BB+ CARE D

313 GVK Industries Limited CARE BB+ CARE D

314 H. K. Designs India CARE BBB CARE BBB+

315 H.G.Infra Engineering Private Limited CARE BBB- CARE BBB

316 Haldia Energy Limited CARE BBB+ CARE A-

317 Harihar Alloys Private Limited CARE B CARE BB-

318 Harikrishna Cotgin Private Limited CARE D CARE B

319 Hariom Polypacks Limited CARE BB- CARE BB

320 Hazaribagh Ranchi Express Limited CARE A CARE AA-

321 Heavy Metals and Tubes Limited CARE BB+ CARE B

322 Hercules Automobiles International Private Limited CARE BB+ CARE BB

323 Hester Biosciences Limited CARE BBB+ CARE BBB

324 Hester Biosciences Limited CARE BBB CARE BBB+

325 Hetero Drugs Limited CARE A- CARE A

326 Hetero Labs Limited CARE A CARE A+

327 Hetero Wind Power Limited CARE A (SO) CARE A+ (SO)

328 Himachal Energy Private Limited CARE BBB+ CARE A-

329 Himalayan Expressway Limited CARE BBB CARE BBB-

330 Hinduja National Power Corporation Limited CARE BBB CARE BBB+

331 Hindupur Steel And Alloys Private Limited CARE B+ CARE B

332 Hindustan Paper Corporation Limited CARE BB CARE BB+

333 Hindusthan National Glass and Industries Limited CARE BBB+ @ CARE BBB-

334 Hitech Print Systems Limited CARE D CARE B

335 HMT Machine Tools Limited CARE C CARE D

336 Home First Finance Company India Private Limited CARE BBB CARE BBB+

337 IBD Universal Private Limited CARE BB- CARE D

338 IFCI Factors Limited CARE BBB+ CARE BBB

339 IFCI Limited CARE A- CARE A

340 IFCI Limited CARE A CARE A+

341 IFGL Exports Limited CARE A+ (SO) CARE AA- (SO)

342 IFGL Refractories Limited CARE A+ CARE AA-

343 Igarashi Motors India Limited CARE BBB+ CARE A

344 IL&FS Tamil Nadu Power Company Limited CARE BBB- CARE BBB

345 IMI Abrasives Private Limited CARE BB- CARE BB

346 Impact Solar Power Private Limited CARE BB CARE BB-

347 Impetus Infotech (India) Private Limited CARE BBB+ CARE A

348 Ind-Barath Powergencom Limited CARE BB- CARE BB+

349 Independent News Service Private Limited CARE BBB CARE BBB+

350 India TV Interactive Media Private Limited CARE BB+ CARE BBB

351 Indian Cane Power Limited CARE BB CARE BB+

352 Indo Shell Cast Private Limited CARE BBB- CARE BBB

353 Indusind Bank Limited CARE AA CARE AA+

354 Infinite Water Solutions Private Limited CARE BBB- CARE BBB

355 Instromedix India Private Limited CARE BB+ CARE BB

356 Integrated Cleanroom Technologies Private Limited CARE BBB+ CARE A-

7

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

357 Integrated Fire Protection Private Limited CARE BB- CARE BB

358 Integrated Rubian Exports Limited CARE B+ CARE BB-

359 Integrated Thermoplastics Limited CARE C CARE D

360 Inter India Roadways Private Limited CARE B+ CARE BB-

361 International Trading Corporation CARE BB CARE BB+

362 Intex Technologies (India) Limited CARE BBB CARE BBB+

363 IPC Packaging Company Private Limited CARE B CARE D

364 IRB Tumkur Chitradurga Tollway Private Limited CARE BBB+ (SO) CARE A- (SO)

365 Iris Computers Limited CARE BBB @ CARE BBB+

366 IVRCL Chengapalli Tollways Limited CARE BBB- @ CARE D

367 J.M. Mhatre Infra Private Limited CARE BB CARE BB-

368 Jai Maa Sharda Agro and Rice Mills Private Limited CARE B+ CARE BB-

369 Jai Prakash Sewa Sansthan CARE A CARE A-

370 Jai Prakash Sewa Sansthan CARE A- CARE BBB-

371 Jaiprakash Associates Limited CARE A CARE A-

372 Jaiprakash Associates Limited CARE A- CARE BBB-

373 Jaiprakash Power Ventures Limited CARE A- (SO) CARE BBB+ (SO)

374 Jaiprakash Power Ventures Limited CARE BBB+ (SO) CARE BBB @

375 Jaiprakash Power Ventures Limited CARE BBB+ @ CARE BBB @

376 Jaiprakash Power Ventures Limited CARE BBB @ CARE BBB- @

377 Jalaram Ginning and Pressing CARE B+ CARE BB-

378 Jaora Nayagaon Toll Road Company Private Limited CARE BBB CARE BBB+

379 Jas Toll Road Company Limited CARE A- CARE BBB-

380 Jayka Jansahayak Trust CARE BB- CARE BB+

381 Jaypee Cement Coporation Limited CARE BBB- @ CARE BB

382 Jaypee Infratech Limited CARE A (SO) CARE A- (SO)

383 Jaypee Infratech Limited CARE A (SO) (In Principle) CARE A- (SO)

384 Jaypee Infratech Limited CARE A- (SO) CARE BBB+ (SO)

385 Jaypee Infratech Limited CARE BBB+ (SO) CARE BBB- (SO)

386 Jaypee Institute of Information Technology Society CARE A- CARE BBB-

387 Jaypee Sports International Limited CARE A (SO) CARE A- (SO)

388 Jaypee Sports International Limited CARE A (SO) (In Principle) CARE A- (SO)

389 Jaypee Sports International Limited CARE BBB CARE BBB-

390 Jaypee Sports International Limited CARE A- (SO) CARE BBB- (SO)

391 Jayshri Propack Private Limited CARE B+ CARE BB

392 JBF Industries Limited CARE BBB+ CARE A-

393 Jewel Consumer Care Private Limited CARE BB CARE BB+

394

Jharkhand Road Projects Implementation Company

Limited - PRR CARE BBB CARE BBB+

395

Jharkhand Road Projects Implementation Company

Limited - RPR CARE BBB CARE BBB+

396

Jharkhand Road Projects Implementation Company

Limited - RRR CARE BBB CARE BBB+

397 Jics Logistic Limited CARE BB+ CARE BBB-

398 Jindal Stainless Steelway Limited CARE BB CARE BB+

399 Jindal Steel And Power Limited CARE AA+ CARE AA

400 Jindal Worldwide Limited CARE BBB CARE BBB+

401 Jiya Eco Products Limited CARE BB- CARE BB

402 JK Agri Genetics Limited CARE BBB CARE BBB+

403 JK Lakshmi Cement Limited CARE AA- CARE AA

404 JK Tyre and Industries Limited CARE A CARE A+

405 JMW India Private Limited CARE BB+ CARE BBB-

406 Jodhani Brothers CARE BB CARE BB+

407 Jogani Exports CARE BB CARE BB+

8

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

408 JR Toll Road Private Limited CARE AA- (SO) CARE A+ (SO) @

409 JSIW Infrastructure Private Limited CARE BBB- CARE BBB

410 JSW Power Trading Company Limited CARE BBB+ CARE A-

411 JSW Projects Limited CARE A- CARE A

412 JSW Steel Processing Centres Limited CARE A CARE A+

413 Jupiter International Limited CARE BB+ CARE B

414 Jupiter Laminators Private Limited CARE BBB- CARE BBB

415 Jupiter Lifeline Hopitals Limited CARE BBB CARE BBB+

416 JVS Foods Private Limited CARE BBB- CARE BB+

417 K R F Limited CARE BBB- CARE BBB

418 K R Pulp & Papers Limited CARE BBB CARE BBB+

419 K. C. India Limited CARE BB+ CARE BBB-

420 K. K. Milk Fresh India Limited CARE BB- CARE BB

421 K.P.R. Mill Limited CARE A+ CARE AA-

422 K.P.R. Sugar Mill Limited CARE BBB CARE BBB+

423 Kadevi Industries Limited CARE D CARE B+

424 Kairali Granites CARE BB- CARE B+

425 Kalpsutra Gujarat CARE BBB- CARE BBB

426 Kamal Suitings Private Limited CARE B CARE B+

427 Kamineni Steel & Power India Private Limited CARE BB CARE BB-

428 Kandla Agro And Chemicals Private Limited CARE BB+ CARE BBB-

429 Kapil Steels Limited CARE BB CARE BBB-

430 Karnavati Engineering Limited CARE BB+ CARE BBB-

431 Karthik Alloys Limited CARE B+ CARE D

432 Kashi Jewellers CARE BBB CARE BBB+

433 Kasim Textile Mills Private Limited CARE BB CARE BB+

434 Kataria Motors Private Limited CARE BB- CARE B+

435 KBS Diamonds CARE BBB- CARE BBB

436 Keerthi Industries Limited CARE C CARE D

437 Keerthi Industries Limited CARE D CARE C

438 Khagaria Purnea Highway Project Limited CARE BBB+ CARE A

439 Khagaria Purnea Highway Project Limited CARE BBB CARE A-

440 Khaitan Electricals Limited CARE BB+ CARE BB-

441 Khyati Steels CARE BB CARE BB+

442 Knowledge Vistas Limited CARE C CARE D

443 Kontinental Steel & Power Limited CARE BBB- CARE BBB

444 Kora Shoes Private Limited CARE BB- CARE BB

445 Kothari Products Limited CARE BBB+ CARE A-

446 KPC Medical College & Hospital CARE BB- CARE BB

447 KPC Projects Limited CARE BBB- CARE BBB

448 Krishna Tissues Private Limited CARE BBB- CARE BBB

449 Kross Manufacturers (India) Private Limited CARE BB+ CARE BBB-

450 Kumar Arch Tech Private Limited CARE B+ CARE BB-

451 L. B. Kunjir CARE BB CARE BB-

452 Lakshmi Jalavidyut Krishna limited CARE BB+ CARE BB

453 Lalchand Builders Private Limited CARE B+ CARE B

454 Lambda Therapeutic Research Limited CARE A+ CARE AA-

455 Lamer Power & Infrastuctures Private Limited CARE B- CARE D

456 Lantec Technologies CARE BB+ CARE BB

457 Laxmi Board and Paper Mills Limited CARE BBB CARE BBB+

458 Laxmi Cotspin Limited CARE BB CARE BB+

459 Leiner Shoes Private Limited CARE BBB+ CARE A

460 Liya Infratech Private Limited CARE BB- CARE BB

461 Lona Industries Limited CARE BBB+ CARE A-

9

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

462 Lotus Integrated Texpark Limited CARE BBB+ (SO) CARE A- (SO)

463 Lucky Automotives Private Limited CARE B+ CARE D

464 LVJ Projects Private Limited CARE BB- CARE BB

465 M M Forgings Limited CARE A CARE A+

466 M. B. Ispat Corporation Limited CARE B CARE B+

467 M. P. Veneers Private Limited CARE BB CARE BB-

468 Maa Shakumbari Devi Charitable Trust CARE B CARE D

469 Maa Tarini Industries Limited CARE B CARE BB-

470 Madan Udyog Private Limited CARE B+ CARE BB-

471 Madhav Cotton Ginning and Pressing Factory CARE B+ CARE D

472 Madhav Ginning and Pressing Private Limited CARE B CARE B+

473 Madhav Infra Projects Limited CARE BBB- CARE BBB

474 Madhu India Deco Limited CARE B+ CARE BB-

475 Madhya Gujarat Vij Company Limited CARE A CARE A+

476 Madhya Pradesh Cupro Metals Private Limited CARE BB+ CARE BB

477 Madhya Pradesh Jaypee Minerals Limited CARE A (SO) CARE A- (SO)

478 Madhya Pradesh Jaypee Minerals Limited CARE A- (SO) CARE BBB- (SO)

479 Madras Sugars Limited CARE BBB+ CARE BBB

480 Madras Sugars Limited CARE BBB+ (SO) CARE BBB (SO)

481

Magadh Micro Towers and Transmission Private

Limited CARE D CARE C

482 Mahabal Metals Private Limited CARE BBB- CARE BBB

483 Mahadevia Charitable Trust CARE B+ CARE BB-

484 Mahalaxmi Rubtech Limited CARE BBB CARE BBB+

485

Maharashtra Eastern Grid Power Transmission

Company Limited CARE BBB CARE BBB+

486 Maharashtra Feeds Private Limited CARE BBB- CARE BBB

487 Mahaveer Ginning & Pressing CARE B+ CARE BB-

488 Mahaveer Ginning & Pressing Factory CARE B CARE B+

489 Mahindra Rural Housing Finance Limited CARE A+ (Is) CARE AA+ (Is)

490 Maithan Steel & Power Limited CARE BB+ CARE BBB-

491 Malladi Drugs and Pharmaceuticals Limited CARE BB+ CARE BBB-

492 Manappuram Finance Limited CARE A+ CARE AA-

493 Manidhari Gums & Chemicals CARE BB- CARE BB

494 Mantena Constructions Private Limited CARE BB- CARE BB+

495 Mantena Infra CARE BB CARE BBB-

496 Mantra Exports Private Limited CARE BBB+ CARE A-

497 Margo Plywood Private Limited CARE B+ CARE D

498 Marsons Energy Private Limited CARE BB CARE BB+

499 Marvelous Metals Private Limited CARE BB CARE BB+

500 Matangi Cotton Industries CARE B CARE B+

501 Matix Fertilizers And Chemical Limited CARE BBB- CARE BB+

502 Mayar Health Resorts Limited CARE BB CARE D

503 Mayur Uniquoters Limited CARE A+ CARE AA-

504 MB Sponge and Power Limited CARE B- CARE B+

505 MBE Coal & Mineral Technology India Private Limited CARE A (SO) CARE BBB (SO)

506 McNally Bharat Engineering Company Limited CARE A CARE BBB

507 McNally Bharat Engineering Company Limited CARE A- CARE BBB- (RPS)

508 McNally Sayaji Engineering Limited CARE A (SO) CARE BBB (SO)

509 McNally Sayaji Engineering Limited CARE BBB+ CARE BBB-

510 Mechvac Fabricators (I) Private Limited CARE B+ CARE BB

511 Meghalaya Cements Limited CARE BBB+ CARE A-

512 Meghmani Finechem Limited CARE BBB CARE BBB+

10

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

513

Mehsana District Co-Operative Milk Producers' Union

Limited CARE AA+ CARE AA

514 MI Mysolar 24 Private Limited CARE BBB+ CARE A-

515 Micro Therapeutic Research Labs Private Limited CARE BBB- CARE BBB

516 Micromax Informatics Limited CARE A- CARE A+

517 Milan Cottex CARE B CARE B+

518 Millennium Starch India Private Limited CARE B CARE D

519 Millennium Structurals India Limited CARE BB- CARE BBB-

520 Minerva Poultry Private Limited CARE D CARE B

521 Minesource India Private Limited CARE BB- CARE BB

522 Miraj Multi Colour Private Limited CARE BB+ CARE BB

523 MKC Infrastructure Limited CARE BB CARE BB+

524 Modi Organisors Private Limited CARE BB CARE BB+

525 Modison Copper Private Limited CARE BBB- CARE BBB

526 Modison Metals Limited CARE A- CARE A

527 Mohan Project Contractors Private Limited CARE BB+ (SO) CARE D

528 Monnet Ispat & Energy Limited CARE A+ CARE A-

529 Monnet Ispat & Energy Limited CARE A- CARE BBB-

530 MP Jaypee Coal Limited CARE A (SO) CARE A- (SO)

531 MP Jaypee Coal Limited CARE A- (SO) CARE BBB- (SO)

532 Multiplast Polymers Private Limited CARE C CARE B

533 Murarka Suitings Private Limited CARE BB- CARE BB

534 Nagpur Seoni Expressway Limited CARE AA+ (SO) (In Principle) CARE AAA (SO) (In Principle)

535 Nalini Jewellers CARE BB CARE BBB-

536 Naman Mall Management Company Private Limited CARE BB CARE D

537 Nandi Grain Derivatives Private Limited CARE B+ CARE D

538 Narsingh Ispat Limited CARE BB+ CARE BBB-

539 Navachetana Microfin Services Private Limited CARE BB CARE BB+

540 Navayuga Dichpally Tollway Private Limited CARE BBB- CARE BBB

541 Navayuga Engineering Company Limited CARE BBB CARE BBB+

542 Navbharat Fuse Company Limited CARE BB+ CARE BB

543 Navin Cotton Fiber CARE B CARE B+

544 Nehru College of Education and Charitable Trust CARE BBB CARE BBB+

545 Neptune Industries Limited CARE B CARE B+

546 New Empire Tin Factory CARE BB- CARE D

547 New Empire Tin Factory CARE D CARE B

548 New Lakshmi Jewellery CARE BB- CARE B+

549 NHDC Limited CARE AA+ CARE AAA

550 Nigam Cold Storage Private Limited CARE C CARE B

551 Nilachal Iron & Power Ltd CARE B CARE D

552 Nilkamal BITO Storage Systems Private Limited CARE BBB CARE BBB+

553 Nirvin Cold Storage Private Limited CARE C CARE B

554 Nirwan Charitable Trust CARE BB- CARE BB

555 Nish Developers Private Limited CARE BBB- CARE BBB+

556 Nitin Spinners Limited CARE BBB CARE BBB+

557 Noble Tech Industries Private Limited CARE BB CARE BB+

558 Noida Toll Bridge Company Limited CARE AA- CARE AA

559 North East Region Finservices Limited CARE BBB CARE D

560 North East Region Housing Finance Company Limited CARE BBB (SO) CARE D

561 Northwest Energy Private Limited CARE BBB+ CARE A-

562 NR Oils CARE BBB- CARE BBB

563 NSL SEZ Hyderabad Private Limited CARE BB- CARE BB+

564 Nuziveedu Swathi Coastal Consortium CARE B CARE B+

11

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

565 NVR Infrastructure and Services Private Limited CARE BBB+ CARE A-

566 Om Kailash Cotton CARE B+ CARE D

567 Omkara Polyplast Private Limited CARE B+ CARE BB-

568 Orbit Artisans Private Limited CARE BB CARE D

569 Orchid Industries Private Limited CARE BB- CARE D

570 Orient Constructions Private Limited CARE BB CARE BB+

571 Orient Craft Limited CARE BBB- CARE BBB+

572 Orient Craft Sweaters Limited CARE BB+ CARE BBB-

573 Osaka Pharmaceuticals Private Limited CARE D CARE B

574 Overseas Polymers Private Limited CARE BBB+ CARE A-

575 Oxygen Infrastructures and Developers Private Limited CARE B+ CARE D

576 P.M. Dall Mill Private Limited CARE B CARE B+

577 P.N. Gadgil and Sons CARE BBB CARE BBB+

578 Pacific Paper Products CARE BB- CARE D

579 Padam Motors Private Limited CARE BB- CARE BB

580 PAE Limited CARE BB CARE B+

581 Palladium Constructions Private Limited CARE BBB- CARE BBB

582 Pan India Paryatan Private Limited CARE BBB CARE A-

583 Panchkroshi Shikshan Mandal CARE B CARE D

584 Panyam Cements and Mineral Industries Limited CARE C CARE D

585 Paramount Minerals and Chemicals Limited CARE BBB- CARE BBB

586 Paras Bhavani Steel Private Limited CARE B+ CARE BB-

587 Parasram Mannulal Dall Mill Private Limited CARE B CARE B+

588 Parenteral Drugs India Limited CARE B+ CARE D

589 Parker Tiles Private Limited CARE BB- CARE BB

590 Parsvnath Estate Developers Private Limited CARE C CARE B

591 Parvin Cotex Private Limited CARE BB CARE BB-

592 Paschim Gujarat Vij Company Limited CARE A CARE A+

593 Patel Jiva Sales Private Limited CARE D CARE B-

594 Patidar Cotspin Private Limited CARE D CARE B

595 Patna Highway Projects Limited CARE BBB- CARE BB

596 Patspin India Limited CARE B CARE B+

597 Patwa City Automobiles Private Limited CARE BB- CARE BB

598 Pawar Electro Systems Private Limited CARE BBB- CARE BBB

599 PBM Polytex Limited CARE BBB+ CARE A-

600 PCM Cement Concrete Private Limited CARE C CARE B-

601 PCM Tea Processing Private Limited CARE B+ CARE BB-

602 Pengg Usha Martin Wires Private Limited CARE BBB- CARE BBB+

603 PGH International Private Limited CARE B CARE D

604 PGH International Private Limited CARE D CARE B

605 Pioneer Power Limited CARE C CARE B+

606 Pix Transmissions Limited CARE BB CARE BBB-

607 Porbandar Solar Power Limited CARE BBB- CARE BBB

608 Prabhat Elastomers Private Limited CARE BB- CARE BB

609 Prabhat Elastomers Private Limited CARE BB CARE BB+

610 Pradeep Industrial Packers Private Limited CARE BB- CARE BB

611 Pragati Agri Products Private Limited CARE BB CARE BB+

612 Pranaav Marathe Jewellers Private Limited CARE BB CARE BB+

613 Pranavaditya Spinning Mills Limited CARE B+ CARE BB

614 Pratibha Syntex Limited CARE B CARE BB-

615 Precious Energy Services Private Limited CARE BBB- CARE BBB

616 Precision Camshafts Limited CARE BBB CARE BBB+

617 Prem Motors Private Limited CARE BB+ CARE BBB-

12

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

618 Premier Limited CARE BBB- CARE BB

619 Prescient Color Limited CARE BBB- CARE BBB

620 Prime Industries CARE B+ CARE BB

621 Prince Spinners Private Limited CARE B CARE BB-

622 Pristine Mega Logistic Park Private Limited CARE BB CARE BB+

623 Prompt Enterprises Private Limited CARE BB+ CARE BBB-

624 Protech Feed Private Limited CARE B+ CARE BB

625 Provogue (India) Limited CARE BBB+ CARE BBB

626 PS Toll Road Private Limited CARE AA- (SO) CARE A+ (SO) @

627 PT Barasentosa Lestari CARE BBB+ (SO) CARE BBB (SO)

628 Purbanchal Cement Limited CARE BBB- CARE BBB

629 Pushp Forgings Private Limited CARE BB- CARE BB

630 R. K. Exports CARE BB CARE BB+

631 R. K. Ice & Cold Storage CARE B+ CARE D

632 R. P. Wood Product CARE BB- CARE BB

633 R.K. Infracorp Private Limited CARE BBB- CARE BBB

634 Raajratna Ventures Limited CARE BBB- CARE BBB

635 Radhalaxmi Spintex Private Limited CARE B CARE B+

636 Radhamohan Builders Private Limited CARE B- CARE B+

637 Raebareilly Allahabad Highway Private Limited CARE BB+ CARE BB

638 Raj West Power Limited CARE BBB CARE A-

639 Rajhans Metals Private Limited CARE BB- CARE B

640 Rakesh Advertising Private Limited CARE B+ CARE BB-

641 Ram Krushna Cotton Industries CARE B+ CARE BB-

642 Rama Power And Steel Private Limited CARE BB CARE BB+

643 Ramalingam Construction Company Private Limited CARE BBB- CARE BBB+

644 Ramani Ice Cream Company Limited CARE BB CARE BBB-

645 Ramani Timber Mart CARE BB- CARE B+

646 Ramdev Cotton Industries CARE B CARE B+

647 Ramkrupa Ginning & Pressing Private Limited CARE B CARE B+

648 Ramniklal and Sons CARE B+ CARE BB-

649 Rana Engineering Company CARE BB- CARE BB

650 Ranbaxy Laboratories Limited CARE AA @ CARE AAA

651 Ranjit Buildcon Limited CARE A- CARE A

652 Ranjit Toll Road Private Limited CARE A- (SO) CARE A (SO)

653 Rasa Autocom Limited CARE BB+(SO) CARE D

654 Rasa Autocom Limited CARE D CARE C

655 Rashmi Metaliks Limited CARE BBB CARE BBB+

656 Rashtriya Ispat Nigam Limited CARE AA+ CARE AA

657 Rational Handloom Company Private Limited CARE B+ CARE BB

658 Ratnaakar Estate Developer Private Limited CARE BB CARE BB+

659 Ratnagarbha Agro Private Limited CARE B+ CARE BB-

660 Ratnapriya Impex Private Limited CARE BB- CARE BB

661 Ravi Infrabuild Projects Private Limited CARE BBB- CARE BBB

662 Reengus Sikar Expressway Limited CARE BBB CARE BBB+

663 Refracast Metallugicals Private Limited CARE BB- CARE BB

664 Reliance Cement Company Private Limited CARE AA- (SO) CARE A+ (SO) @

665 Reliance Infrastructure Limited CARE AA- CARE A+ @

666 Reliance Life Sciences Private Limited CARE AA+ CARE AAA

667 Remi Elektrotechnik Limited CARE BBB- CARE BBB

668 Renew Wind Energy Rajkot Private Limited CARE BBB CARE BBB+

669 Resins & Allied Products CARE BBB- CARE BBB

670 Rewa Pathways Private Limited CARE D CARE B+

13

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

671 RGVN (North East) Micro Finance Limited CARE BBB CARE BBB+

672 Rico Jinfei Wheels Limited CARE BB CARE BB-

673 Riddhi Siddhi Cotex Private Limited CARE B+ CARE BB-

674 Riddhi Steel and Tube Private Limited CARE BB CARE BB+

675 Rishi Fibers Private Limited CARE B+ CARE BB-

676 Rishi Techtex Limited CARE BB- CARE BB

677 RJP Infrastructure Private Limited CARE BBB- CARE BBB

678 Robo Silicon Private Limited CARE BB- CARE BB

679 Rohit & Company CARE BB+ CARE BBB-

680 Rohit Ferro Tech Limited CARE BB- CARE B+

681 Roots Industries India Limited CARE A- CARE A

682 RPN Engineers Chennai Private Limited CARE B CARE D

683 RSM Sapthagiri Finance Limited CARE BBB- CARE BBB

684 S T Woven Bags Private Limited CARE B+ CARE B

685 S.N. Milk Products Private Limited CARE BB- CARE BB

686 S.P.Y. Agro Industries Limited CARE C CARE D

687 Saarth Enterprises Private Limited CARE B+ CARE BB-

688 Sabar Flex Industries CARE BB CARE D

689 Saffron Met Yarns Limited CARE BB CARE BB-

690 Sagar Cements Limited CARE BB+ CARE BBB-

691 Sahara Hospitality Limited CARE BB CARE D

692 Sahil Automobiles CARE BB CARE BB+

693 Sahyog Ginning & Pressing Private Limited CARE B CARE B+

694 Sai India Limited CARE D CARE B

695 Sai Silks Kalamandir Limited CARE BBB CARE BBB+

696 Saket Education Society CARE BBB CARE BBB+

697 Samarpan Synthetics Private Limited CARE B CARE B+

698 Samata Lok Sansthan CARE BBB CARE BBB+

699 Samhi Hotels Private Limited CARE BBB- CARE BBB

700 Sancube Infra Projects Private Limited CARE BBB (SO) CARE BBB+ (SO)

701 Sandip Nanavati CARE BB CARE BB+

702 Sangeet Syntex Limited CARE BB- CARE BB

703 Sanghvi Foods Private Limited CARE BBB- CARE BBB

704 Sanjeev Auto Part Manufacturers Private Limited CARE A- CARE A

705 Sansar Buildcon Private Limited CARE B+ CARE BB-

706 Sar Senapati Santaji Ghorpade Sugar Factory Limited CARE BB CARE D

707 Saraansh Suitings Private Limited CARE BB- CARE BB

708 Sarala Project Works Private Limited CARE BBB- CARE BBB

709 Saregama India Limited CARE BBB+ CARE A

710 Sarthi Construction CARE BB CARE BB+

711 Satadhar Cotton Industries CARE B CARE B+

712 Satya Deeptha Pharmaceuticals Limited CARE BB CARE BB+

713 Saumya Mining Limited CARE C CARE D

714 Savalia Cotton Ginning and Pressing Private Limited CARE B CARE B+

715 Scan Steels Limited CARE B+ CARE D

716 Scan Steels Limited CARE D CARE B+

717 Scion Exports Private Limited CARE BB CARE BBB-

718 SE Forge Limited CARE C CARE D

719 Seacem Paints India Private Limited CARE B CARE D

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

721 Seya Industries Limited CARE BB+ CARE BBB

722 Shagun Jewellers Private Limited CARE BB- CARE BB

723 Shairu Gems Diamonds Private Limited CARE BBB- CARE BBB

14

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

724 Shalimar Paints Limited CARE A @ CARE BBB+

725 Shamanur Sugars Limited CARE C CARE D

726 Shanthi Feeds Private Limited CARE BBB CARE BBB+

727 Sharda Educational Trust CARE BBB- CARE BB+

728 Sharon Bio-Medicine Limited CARE BBB- CARE BB

729 Sharp Ferro Alloys Limited CARE BBB- CARE BB

730 Sheikh Bhullan and Sons CARE B+ CARE BB

731 Shemaroo Entertainment Limited CARE BBB- CARE A-

732 Shera Metal Private Limited CARE BB- CARE BB+

733 Shirdi Sai Electricals Limited CARE BBB CARE BBB+

734 Shirpur Gold Refinery Limited CARE BBB- CARE BBB+

735 Shiv Agro Industries CARE B+ CARE BB-

736 Shiv Health Foods LLP CARE BB CARE BBB-

737 Shiv Shipping Services CARE B+ CARE BB-

738 Shiva Distilleries Limited CARE BBB+ CARE BBB

739 Shivalik Bimetal Controls Limited CARE BBB- CARE BBB

740 Shonan Engineering Works Private Limited CARE BB- CARE BB

741 Shree Balaji Agro Farm Industries Private Limited CARE B+ CARE BB-

742 Shree Balakrishna Exports CARE BB CARE BB+

743 Shree Datt Aquaculture Farms Private Limited CARE B+ CARE BB-

744 Shree Hari Chemicals Export Limited CARE B CARE BB+

745 Shree Jagannath Expressways Private Limited CARE BBB CARE BB+

746 Shree Jay Jagdamba Flour Mill CARE B+ CARE BB-

747 Shree Jay Jagdamba Stainless Steel Limited CARE BBB- CARE BBB

748 Shree Om Ricetech Private Limited CARE B+ CARE BB-

749 Shree Parashnath Re-Roolling Mills Limited CARE D CARE B

750 Shree Prithvi Iron Mills Private Limited CARE BB CARE BB-

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

752 Shree Rama Newsprint Limited CARE BBB+ (SO) CARE BBB (SO)

753 Shree Rayon Private Limited CARE BB CARE BB+

754 Shree Sidhbali Industries Limited CARE BB CARE BB+

755 Shree Transformers CARE B+ CARE BB-

756 Shreerangam Packaging Private Limited CARE BB- CARE B+

757 Shri Balaji Industrial Engineering Limited CARE BBB- CARE BBB

758 Shri Gangajali Education Society CARE BBB CARE BBB+

759 Shri Guru Ramdas Educational Society CARE BBB CARE BBB+

760 Shri Laxman Education Trust CARE D CARE C

761 Shri Mahavir Ferro Alloys Private Limited CARE B- CARE B+

762 Shri Renuga Textiles Limited CARE C CARE D

763 Shri Shyam Ispat (India) Private Limited CARE BBB- CARE BBB

764 Shri Tirupati Steel Cast Limited CARE BB- CARE BB

765 Shri Vinayank Enterprises And Property CARE BB+ CARE BBB

766 Shrinath Cotton Industries CARE B CARE B+

767 Shubhalakshmi Polyesters Limited CARE BBB- CARE BBB

768 Sicom Investments & Finance Limited CARE BBB CARE BBB-

769 Siddhi Refoils & Industries Private Limited CARE BB CARE D

770 Sigma Industrial Corporation CARE B+ CARE BB-

771 Signet Products Private Limited CARE BB CARE BB+

772 Sim Diam Private Limited CARE BB+ CARE BB

773 SKAPS Industries (India) Private Limited CARE BBB CARE BBB+

774 SKS Power Generation (Chhattisgarh) Limited CARE BB CARE D

775 SKS Power Generation (Chhattisgarh) Limited CARE BB+ CARE D

776 Sky Alloys And Power Private Limited CARE B+ CARE D

777 Sky Cotex India Private Limited CARE BB CARE BB+

15

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

778 SLK Software Services Private Limited CARE A- CARE A

779 Smaat India Private Limited CARE BBB- CARE BBB

780 SMC Foods Limited CARE BBB- CARE BBB

781 SND Limited CARE BBB CARE A-

782 Sneha Kinetic Power Projects Private Limited CARE BBB- (SO) CARE A- (SO)

783 Sobhagia Sales Private Limited CARE B+ CARE BB

784 Soccer International Private Limited CARE BBB- CARE BBB

785 Society Distributors Private Limited CARE BB- CARE BB

786 Softtech Engineers Private Limited CARE BB- CARE BB+

787 Solitaire Energies Private Limited CARE BBB- CARE BBB

788 Sona Alloys Private Limited CARE BB+ CARE D

789 Sona Alloys Private Limited CARE D CARE B+

790 Sorento Granito Private Limited CARE C CARE B

791 South India Exim Private Limited CARE BB- CARE D

792 Space Exim Private Limited CARE B+ CARE BB-

793 Sphere Cube Infrastructure Private Limited CARE BBB (SO) CARE BBB+ (SO)

794 Spykar Lifestyles Private Limited CARE BB @ CARE BB+

795 Spykar Lifestyles Private Limited CARE BB+ CARE BBB-

796 Sree Saravana Engineering Bhavani Private Limited CARE BB CARE BB+

797 Sreekanth Trading Private Limited CARE BB- CARE D

798 SRG Aluminium Private Limited CARE B+ CARE D

799 Sri Anjaneya Agrotech Private Limited CARE B+ CARE BB-

800 Sri Jayajothi Textile Mills Private Limited CARE B+ CARE D

801 Sri Sri Vigneswara Constructions CARE B+ CARE BB-

802 Sri Srinivasa Educational and Charitable Trust CARE BB CARE BB+

803 SRM Institute of Science & Technology CARE BBB CARE BBB+

804 Standard Auto Agencies CARE BB CARE BB+

805

Star Agriwarehousing and Collateral Mangement

Limited CARE A- CARE A

806 Star Iris Exports Private Limited CARE BB- CARE B+

807 Star Paper Mills Limited CARE B+ CARE BB-

808 Steelcast Limited CARE BBB+ CARE BBB-

809 Sterling Addlife India Limited CARE BBB CARE BBB+

810 Stone India Limited CARE BB CARE BB-

811 Sudar Industries Limited CARE BBB- CARE BB

812 Sujana Metal Products Limited CARE B+ CARE D

813 Sujana Towers Limited CARE B+ CARE D

814 Sukh Sagar Motors Private Limited CARE B CARE B+

815 Sukh Sagar Synthetics Private Limited CARE B+ CARE BB-

816 Sulochana Cotton Spinning Mills Private Limited CARE BB+ CARE BBB-

817 Suncity Constructwell Private Limited CARE BB+ (SO) CARE BBB- (SO)

818 Suncity Projects Private Limited CARE BB+ CARE BBB-

819 Sundaram Auto Components Limited CARE A CARE A+

820 Sunface Ceramic CARE BB- CARE BB

821 Sunrise Polypack Private Limited CARE BB- CARE BB

822 Sunworld Developers Private Limited CARE BBB- CARE BB+

823 Super Agri Seeds Private Limited CARE BB+ CARE B

824 Super Agri Seeds Private Limited CARE BB+ CARE D

825 Supreme Batteries Private Limited CARE BB- CARE BB

826 Surat Metallics Limited CARE BBB- CARE BBB

827 Suruchi Foods Private Limited CARE B+ CARE BB

828 Surya Agro Products Private Limited CARE B CARE B+

829 Suryadev Alloys and Power Private Limited CARE BBB- CARE BBB

830 Suryajyoti Spinning Mills Limited CARE C CARE B-

16

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

831 Suryavamsi Farms Private Limited CARE B CARE B+

832 Suzuki Textiles Limited CARE BB- CARE BB+

833 Swarna Tollway Private Limited CARE A+ CARE AA-

834 Swastik Polytex Private Limited CARE B+ CARE BB-

835 Symphony Vyapaar Private Limited CARE BBB- CARE BBB

836 Tarunika Gaur Housing & Construction Limited CARE B- CARE D

837 TBEA Energy India Private Limited CARE BBB- CARE BBB

838 Techno Industries Limited CARE BB+ CARE BB

839 Technology House India Private Limited CARE BBB- (SO) CARE A- (SO)

840 Tecnimont ICB Private Limited CARE AA- CARE A+

841 Terram Geosynthetics Private Limited CARE BB @ CARE BB+

842 Thatavarthi Apparels Limited CARE B+ CARE BB-

843 THDC India Limited CARE AA- CARE AA

844 The Go Green Build Tech Private Limited CARE B CARE D

845 The West Coast Paper Mills Limited CARE BBB+ CARE BBB

846

Thiruvananthpuram Road Development Company

Limited CARE BBB CARE BBB+

847 Three Platinum Softech Private Limited CARE BB+ CARE B

848 Tide Industries CARE BBB- CARE BBB

849 Timblo Drydocks Private Limited CARE BB CARE BB-

850 Times Steel And Power Limited CARE BB- CARE B+

851 Tirupati Balaji Fibres Limited CARE BB CARE BBB-

852 TM Harbour Services Private Limited CARE BBB+ CARE A

853 Transways Exim Private Limited CARE BB CARE BBB-

854 Tripple Star Agri Private Limited CARE BB- CARE BB

855 Troikaa Pharmaceuticals Limited CARE BBB- CARE BBB

856 Truetzschler India Private Limited CARE A+ CARE AA-

857 TT Limited CARE BB+ CARE BB

858 Tulsi Paper Mills Private Limited CARE BB CARE BB+

859 Turtle Limited CARE BB- CARE BBB-

860 Tuticorin Coal Terminal Private Limited CARE B CARE D

861 Tuticorin Coal Terminal Private Limited CARE D CARE B

862 UM Cables Limited CARE BBB+ CARE A-

863 Umalaxmi Organics Private Limited CARE BB CARE BBB-

864 Uni-Com India Private Limited CARE BBB CARE BBB+

865 Unifab Engineering Projects Private Limited CARE BB- CARE BB

866 Unique Fur N Fabrics Private Limited CARE BB- CARE BB

867 Unique Green Energy Technologies Private Limited CARE BBB (SO) CARE BBB+ (SO)

868 Unison Forging Limited CARE B+ CARE BB-

869 United Bank of India CARE A @ CARE A+

870 United Bank of India CARE BBB+ @ CARE A-

871 Unity Jewels CARE BBB CARE BBB+

872 Unity Power Private Limited CARE BBB+ CARE A-

873 Universal Tube Accessories Private Limited CARE BBB- (SO) CARE BB+ (SO)

874 Unnati Trade and Fincon Private Limited CARE BB CARE BB+

875

Upper India Steel Manufacturing & Engineering

Company Limited CARE BB CARE BB-

876 Urjankur Shree Datta Power Company Limited CARE BBB- CARE BBB

877 Usaka Hydro Powers Private Limited CARE BB+ CARE BBB-

878 Usha Spincoat Private Limited CARE B+ CARE BB-

879 Uttar Gujarat Vij Company Limited CARE A CARE A+

880 Uttrayan Financial Services Private Limited CARE BB CARE BB+

881 V.S.T. Motors Limited CARE BBB CARE BBB-

882 Vaibhav Cotton Industries CARE B CARE B+

17

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

883 Valliammai Society CARE BBB CARE BBB+

884 Variegate Projects Private Limited CARE B+ CARE D

885 Varrsana Ispat Limited CARE BB CARE B+

886 Vedant Dyestuffs Intermediates Private Limited CARE B+ CARE BB

887 Veer Metal Industries Private Limited CARE BB- CARE BB

888 Venkateshwara Cotton Mills CARE B CARE B+

889 Vennar Ceramics Limited CARE BBB (SO) @ CARE BBB+ (SO)

890 Venus Wire Industries Private Limited CARE A- CARE A+

891 Veparseva Healthcare Private Limited CARE B CARE B+

892 Verdant Life Sciences Private Limited CARE B+ CARE BB-

893 Vids Overseas CARE B CARE B+

894 Vijay Steel Industries CARE B+ CARE BB-

895 Vikram Logistic and Maritime Services Private Limited CARE B- CARE D

896 Vilas Polymers Limited. CARE A- CARE A

897 Vindhya Telelinks Limited CARE BBB CARE A-

898 Vinit Gloves Manufacturing Private Limited CARE BBB- CARE BBB

899 Vippy Spinpro Limited CARE BBB CARE BBB+

900 Viraj Profiles Limited CARE BBB CARE BBB+

901 Viraj Renewable Energy Private Limited CARE BBB- CARE BBB+

902 Visa Steel Limited CARE BB CARE D

903 Vishaal Natural Food Products India Private Limited CARE BB- CARE BB

904 Vishwa Infrastructures and Services Private Limited CARE C CARE B

905 Vital Construction Private Limited CARE BBB- CARE BBB

906 VKS-Gormi Udotgarh Corridor Private Limited CARE BB+ (SO) CARE BBB- (SO)

907 VKS-Seopur Baroda Corridor Private Limited CARE BB+ (SO) CARE BBB- (SO)

908 V-Mart Retail Limited CARE A- CARE A

909 Walmark Meditech Private Limited CARE B+ CARE BB-

910 Wellknown Polysters Limited CARE A- CARE A

911 Welspun Energy Maharashtra Private Limited CARE BBB- CARE BBB+

912 Welspun India Limited CARE A CARE A+

913 Welspun Solar Madhya Pradesh Private Limited CARE BBB- CARE BBB

914 Welspun Syntex Limited CARE BBB CARE BBB+

915 Whitelotus Industries Limited CARE B+ CARE D

916 Yamuna Industries Limited CARE B+ CARE BB-

917 Yantra Steels India Private Limited CARE B CARE B+

918 Yes Bank Limited CARE AA- CARE AA

919 Yes Bank Limited CARE AA CARE AA+

920 Zen Tobacco Private Limited CARE BB- CARE B+

921 Zuventus Healthcare Limited CARE A- CARE A+

18

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 Aban Offshore Limited CARE D CARE A4

2 Accel Frontline Limited CARE A4 CARE A4+

3 Ace Tyres Limited CARE A3 CARE A2

4 Adani Power Rajasthan Limited CARE A3 CARE A3+

5 Adhunik Power & Natural Resources Limited CARE A3 CARE A4+

6 Aditya Exim Limited CARE A4 CARE D

7 Aegis Limited CARE A1 CARE A1+

8 AGC Networks Limited CARE A2 CARE A3

9 Agile Electric Sub Assembly Private Limited CARE A3 CARE A2+

10 Ahluwalia Contracts India Limited CARE A3 CARE A3+

11 AHW Steels Limited CARE A4+ CARE A3

12 AksharChem (India) Limited CARE A2 @ CARE A2+

13 Alankit Assignments Limited CARE A4+ CARE A4

14 Alba Asia Private Limited CARE D CARE A4

15 Allied Blenders & Distillers Private Limited CARE A3 CARE A3+

16 Amalgamated Bean Coffee Trading Company Limited CARE A1+ CARE A1

17 Amanta Healthcare Limited CARE A4+ CARE A3

18 AMCL Machinery Limited CARE A2 (SO) CARE A3 (SO)

19 Amman-Try Sponge & Power Private Limited CARE A4+ CARE A3

20

Andhra Pradesh Heavy Machinery and Engineering

Limited CARE A2+ CARE A1

21 Anil Limited CARE A2 CARE A3+

22 Ankur Biochem Private Limited CARE A3 CARE A3+

23 Annu Infra Construct India Private Limited CARE A4 CARE A4+

24 Anupam Industries Limited CARE A3+ CARE A3

25 Anupam MHI Industries Limited CARE A3 CARE A3+ @

26 Aran Kitchenworld India Private Limited CARE A4 CARE D

27 Arcadia Shipping Limited CARE A3+ CARE A3

28 Arkay Energy (Rameswarm) Limited CARE A3 CARE A3+

29 Asian Hotels (North) Limited CARE A2 CARE A3

30 Associated Power Structure Private Limited CARE A4+ CARE A3

31 Astron Packaging Limited CARE A3+ CARE A2

32 ATC Tires Private Limited CARE A1 CARE A1+

33 Autodecor Private Limited CARE A4 CARE D

34 Avaneetha Textile Private Limited CARE A4+ CARE A3

35 Axtel Industries Limited CARE A3+ CARE A3

36 Bahl Paper Mills Limited CARE A3 CARE A3+

37 Bajaj Energy Private Limited CARE A2 CARE A2+

38 Bajaj Hindusthan Limited CARE A2 CARE A4

39 Balaji Fiber Reinforce Private Limited CARE A4 CARE D

40 Balaji Filaments Limited CARE A4 CARE D

41 Banswara Syntex Limited CARE A3 CARE A3+

42 Beam Flashlight Private Limited CARE A4 CARE D

43 Bebitz Flanges Works Private Limited CARE A3+ CARE A2+

44 Bharat Chemicals and Paints CARE A4 CARE D

45 Bharat Serums & Vaccines Limited CARE A2+ CARE A1

46 Bhimani Chemicals Private Limited CARE A4 CARE A4+

47 Bindlas Duplux Limited CARE A4+ CARE A3

48 Biostadt India Limited CARE A2 CARE A2+

49 Birla Ericsson Optical Limited CARE A3 (SO) CARE A2 (SO)

Rating Movement between October 2014 to March 2015 Short Term

19

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

50 BMP Steels Private Limited CARE A3 (SO) CARE A3+ (SO)

51 Cadila Pharmaceuticals Limited CARE A2+ CARE A1

52 Caparo Engineering India Limited CARE A4 CARE D

53 Caparo Engineering India Limited CARE D CARE A4

54 CEAT Limited CARE A1 CARE A1+

55 Celite Tyre Corporation CARE A4 CARE A4+

56 Century Infrapower Private Limited CARE A4 CARE A4+

57 Chirayu Charitable Foundation CARE A4 CARE A4+

58 Constant Engineering Private Limited CARE A4 CARE D

59 Creative Garments CARE A4 CARE A4+

60 Credo Brands Marketing Private Limited CARE A1 CARE A1+

61 Dakshin Gujarat Vij Company Limited CARE A1 CARE A1+

62 Damodar Valley Corporation CARE A1+ CARE A1

63 Datta Agro Services Private Limited CARE A4 CARE D

64 Deccan Hyderabad Trade Impex Private Limited CARE A4 CARE D

65 Deepika Infratech Private Limited CARE A4 CARE D

66 Dharampal Premchand Limited CARE A4+ CARE A3

67 Dharti Dredging & Infrastructure Limited CARE A4 CARE A4+

68 Dhruv Industries Limited CARE A4 CARE A4+

69 Dhunseri Petrochem Limited CARE A1+ @ CARE A1

70 Diamond Power Infrastructure Limited CARE A3+ CARE A4

71 Diamond Power Transformers Limited CARE A3+ (SO) CARE A4 (SO)

72 Dineshchandra R. Agrawal Infracon Private Limited CARE A2 CARE A2+

73 Dishman Pharmaceuticals and Chemicals Limited CARE A3 CARE A3+

74 Dolbi`s Granite Exports Private Limited CARE A4 CARE D

75 DRT-Anthea Aroma Chemicals Private Limited CARE A3+ CARE A2

76 Duncans Industries Limited CARE A4 CARE D

77 Durgapur Medical Centre Private Limited CARE A3 CARE A3+

78 Elecon Engineering Company Limited CARE A1+ CARE A1

79 Elecon EPC Projects Limited CARE A1+ (SO) (In Principle) CARE A1 (SO) (In Principle)

80 Emcure Pharmaceuticals Limited CARE A1 CARE A1+

81 EMS Infracon Private Limited CARE A4+ CARE A3

82 EMT Megatherm Private Limited CARE A3 CARE A4+

83 Enaltec Labs Private Limited CARE A3 CARE A3+

84 Energo Engineering Projects Limited CARE A3 CARE A3+

85 Energy Development Company Limited CARE A2 CARE A3

86 Ennore Tank Terminals Private Limited CARE A3+ CARE A1

87 Enviro Control Associates India Private Limited CARE A2+ CARE A1

88 Essel Infraprojects Limited CARE A3 CARE A3+

89 Everest Kanto Cylinder Limited CARE A4+ CARE A4

90 Facor Power Limited CARE A4 CARE D

91 Faze Three Limited CARE D CARE A4

92 Firestar Diamond FZE CARE A2+ CARE A2

93 Firestar Diamond FZE CARE A2+ (SO) CARE A2 (SO)

94 Firestar Diamond International Private Limited CARE A2+ (SO) CARE A2 (SO)

95 Firestar International Private Limited CARE A2+ (SO) CARE A2 (SO)

96 Fivebro International Private Limited CARE A4 CARE D

97 Friends Salt Works & Allied Industries CARE A4+ CARE A3

98 Future Retail Limited CARE A1 CARE A1+

99 Gardex CARE A4 CARE A4+

100 Gati Kintetsu Express Private Limited CARE A2+ CARE A1

101 Gayatri Projects Limited CARE A4+ CARE D

102 Gayatri Projects Limited CARE D CARE A4

20

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

103 Gennova Biopharmaceutical Limited CARE A1 (SO) CARE A1+ (SO)

104 Genus Paper & Boards Limited CARE A4 CARE A3

105 Ghaziabad Precision Products Private Limited CARE A3 CARE A3+

106 GHCL Limited CARE A3 CARE A3+

107 Glass Wall Systems (India) Private Limited CARE A3 CARE A2

108 GMR Infrastructure Limited CARE A2 CARE A3+

109 Golden Jubilee Hotels Limited CARE D CARE A4

110 GPT Healthcare Private Limited CARE A4 CARE A4+

111 Grand Windsor Resorts Limited CARE A3 CARE A4

112 Grauer & Weil (India) Limited CARE A2+ CARE A1

113 Greenbrilliance Energy Private Limited CARE A4 CARE D

114 Gujarat Energy Transmission Corporation Limited CARE A1 CARE A1+

115 Gujarat Foils Limited CARE A3 CARE A3+

116 Gujarat State Electricity Corporation Limited CARE A1 CARE A1+

117 Gujarat Urja Vikas Nigam Limited CARE A1 CARE A1+

118 Gulf Asphalt Private Limtied CARE A3 CARE A3+

119 Gulshan Polyols Limited CARE A1 CARE A1+

120 Gupta Metal Sheets Limited CARE D CARE A4

121 GVK Emergency Management and Research Institute CARE A3 CARE A3+

122 GVK Industries Limited CARE A4+ CARE D

123 H. K. Designs India CARE A3 CARE A3+

124 H.G.Infra Engineering Private Limited CARE A3 CARE A3+

125 Hercules Automobiles International Private Limited CARE A4+ CARE A4

126 Hester Biosciences Limited CARE A3+ CARE A3

127 Hester Biosciences Limited CARE A3 CARE A3+

128 Hetero Drugs Limited CARE A2 CARE A2+

129 Himachal Energy Private Limited CARE A3+ CARE A2

130 Hindusthan National Glass and Industries Limited CARE A2 @ CARE A3

131 Hitech Print Systems Limited CARE D CARE A4

132 IFCI Factors Limited CARE A2+ CARE A3

133 IFCI Limited CARE A1 CARE A1+

134 Igarashi Motors India Limited CARE A2+ CARE A1

135 Impetus Infotech (India) Private Limited CARE A2 CARE A1

136 Ind-Barath Powergencom Limited CARE A4 CARE A4+

137 Independent News Service Private Limited CARE A3+ CARE A2

138 Indian Cane Power Limited CARE A4 CARE A4+

139 Indo Shell Cast Private Limited CARE A3 CARE A3+

140 Infinite Water Solutions Private Limited CARE A3 CARE A3+

141 Instromedix India Private Limited CARE A4+ CARE A4

142 Integrated Thermoplastics Limited CARE A4 CARE D

143 Inter Gold (India) Private Limited CARE A2 CARE A2+

144 Intex Technologies (India) Limited CARE A3+ CARE A2

145 IPC Packaging Company Private Limited CARE A4 CARE D

146 Iris Computers Limited CARE A3 @ CARE A3+

147 J.M. Mhatre Infra Private Limited CARE A4+ CARE A4

148 Jaiprakash Associates Limited CARE A1 CARE A2

149 Jaiprakash Associates Limited CARE A2 CARE A3

150 Jaiprakash Associates Limited CARE A1 CARE A2

151 Jaiprakash Associates Limited CARE A2 CARE A3

152 Jaypee Cement Coporation Limited CARE A3 @ CARE A4

153 Jayshri Propack Private Limited CARE A4 CARE A4+

21

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

154 JBF Industries Limited CARE A2+ CARE A1

155 Jewel Consumer Care Private Limited CARE A4 CARE A4+

156 Jics Logistic Limited CARE A4+ CARE A3

157 Jindal Stainless Steelway Limited CARE A4 CARE A4+

158 Jindal Worldwide Limited CARE A3+ CARE A2

159 JK Agri Genetics Limited CARE A3 CARE A3+

160 JK Tyre and Industries Limited CARE A1 CARE A1+

161 JMW India Private Limited CARE A4+ CARE A3

162 Jogani Exports CARE A4 CARE A4+

163 JSIW Infrastructure Private Limited CARE A3 CARE A3+

164 Jupiter International Limited CARE A4+ CARE A4

165 JVS Foods Private Limited CARE A3 CARE A4+

166 K R F Limited CARE A3 CARE A3+

167 K R Pulp & Papers Limited CARE A3+ CARE A2

168 K. C. India Limited CARE A4+ CARE A3

169 K.P.R. Sugar Mill Limited CARE A3 CARE A3+

170 Kadevi Industries Limited CARE D CARE A4

171 Kalpsutra Gujarat CARE A3 CARE A3+

172 Kandla Agro And Chemicals Private Limited CARE A4+ CARE A3

173 Kanyaka Parameshwari Engineering Limited CARE A4 CARE A4+

174 Kapil Steels Limited CARE A4 CARE A3

175 Karnavati Engineering Limited CARE A4+ CARE A3

176 Kashi Jewellers CARE A3+ CARE A2

177 Kasim Textile Mills Private Limited CARE A4 CARE A4+

178 Khaitan Electricals Limited CARE A4+ CARE A4

179 KMV Projects Limited CARE A3+ CARE A2

180 Komal Amin Exports Private Limited CARE A4 CARE A4+

181 Kontinental Steel & Power Limited CARE A3 CARE A3+

182 Kothari Products Limited CARE A3+ CARE A2+

183 KPC Projects Limited CARE A3 CARE A3+

184 Krishna Tissues Private Limited CARE A3 CARE A3+

185 Kross Manufacturers (India) Private Limited CARE A4+ CARE A3

186 Lamer Power & Infrastuctures Private Limited CARE A4 CARE D

187 Laxmi Board and Paper Mills Limited CARE A3 CARE A3+

188 Laxmi Diamond Private Limited CARE A3+ CARE A2

189 Leiner Shoes Private Limited CARE A2 CARE A1

190 Lona Industries Limited CARE A3+ CARE A2

191 M M Forgings Limited CARE A1 CARE A1+

192 Madhya Gujarat Vij Company Limited CARE A1 CARE A1+

193 Madhya Pradesh Cupro Metals Private Limited CARE A4+ CARE A4

194

Magadh Micro Towers and Transmission Private

Limited CARE D CARE A4

195 Mahabal Metals Private Limited CARE A3 CARE A3+

196 Mahalaxmi Rubtech Limited CARE A3+ CARE A2

197 Maharashtra Feeds Private Limited CARE A3 CARE A3+

198 Maithan Steel & Power Limited CARE A4+ CARE A3

199 Malladi Drugs and Pharmaceuticals Limited CARE A4+ CARE A3

200 Mantra Exports Private Limited CARE A3+ CARE A2+

201 Margo Plywood Private Limited CARE A4 CARE D

202 Matix Fertilizers And Chemical Limited CARE A3 CARE A4+

203 Mayar Health Resorts Limited CARE A4 CARE D

204 MBE Coal & Mineral Technology India Private Limited CARE A1 (SO) CARE A3+ (SO)

205 McNally Bharat Engineering Company Limited CARE A1 CARE A3+

206 McNally Sayaji Engineering Limited CARE A2 CARE A3

22

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

207 Meghalaya Cements Limited CARE A3+ CARE A2+

208 Meghmani Finechem Limited CARE A3+ CARE A2

209 Metecno India Private Limited CARE A4 CARE D

210 Millennium Structurals India Limited CARE A4 CARE A3

211 MKC Infrastructure Limited CARE A4 CARE A4+

212 Modison Copper Private Limited CARE A3 CARE A3+

213 Modison Metals Limited CARE A2+ CARE A1

214 Mohan Fabtex Limited CARE A4 CARE A4+

215 Mohan Project Contractors Private Limited CARE A4+ (SO) CARE D

216 Monnet Ispat & Energy Limited CARE A1+ CARE A2+

217 Monnet Ispat & Energy Limited CARE A2+ CARE A3

218 Nalini Jewellers CARE A4+ CARE A3

219 Nandi Grain Derivatives Private Limited CARE A4 CARE D

220 Navbharat Fuse Company Limited CARE A4+ CARE A4

221 New Empire Tin Factory CARE A4 CARE D

222 New Empire Tin Factory CARE D CARE A4

223 Nilachal Iron & Power Ltd CARE A4 CARE D

224 Nilkamal BITO Storage Systems Private Limited CARE A3 CARE A3+

225 Nitin Spinners Limited CARE A3+ CARE A2+

226 Noble Tech Industries Private Limited CARE A4 CARE A4+

227 NR Oils CARE A3 CARE A3+

228 Orbit Artisans Private Limited CARE A4 CARE D

229 Orient Constructions Private Limited CARE A4 CARE A4+

230 Orient Craft Limited CARE A3 CARE A3+

231 Orient Craft Sweaters Limited CARE A4 CARE A3

232 Osaka Pharmaceuticals Private Limited CARE D CARE A4

233 Overseas Polymers Private Limited CARE A2 CARE A2+

234 Oxygen Infrastructures and Developers Private Limited CARE A4 CARE D

235 P.N. Gadgil and Sons CARE A3 CARE A3+

236

Pacific Academy of Higher Education & Research

Society CARE A3+ CARE A2

237 Pacific Paper Products CARE A4 CARE D

238 Palladium Constructions Private Limited CARE A3 CARE A3+

239 Panyam Cements and Mineral Industries Limited CARE A4 CARE D

240 Paramount Minerals and Chemicals Limited CARE A3 CARE A3+

241 Parenteral Drugs India Limited CARE A4 CARE D

242 Paschim Gujarat Vij Company Limited CARE A1 CARE A1+

243 Patel Jiva Sales Private Limited CARE D CARE A4

244 Patidar Cotspin Private Limited CARE D CARE A4

245 Pawar Electro Systems Private Limited CARE A3 CARE A3+

246 PBM Polytex Limited CARE A2 CARE A2+

247 Pengg Usha Martin Wires Private Limited CARE A3 CARE A3+

248 Pix Transmissions Limited CARE A4 CARE A3

249 Precision Camshafts Limited CARE A3 CARE A3+

250 Precision Metals CARE A2+ CARE A1+

251 Prem Motors Private Limited CARE A4+ CARE A3

252 Premier Limited CARE A3 CARE A4

253 Prescient Color Limited CARE A3 CARE A3+

254 Prompt Enterprises Private Limited CARE A4+ CARE A3

255 Provogue (India) Limited CARE A3+ CARE A3

256 Purbanchal Cement Limited CARE A3 CARE A3+

257 R. K. Ice & Cold Storage CARE A4 CARE D

258 R.K. Infracorp Private Limited CARE A3 CARE A3+

259 Raajratna Ventures Limited CARE A3 CARE A3+ (In Principle)

23

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

260 Raj West Power Limited CARE A3 CARE A2+

261 Ramalingam Construction Company Private Limited CARE A3 CARE A3+

262 Rashmi Metaliks Limited CARE A3+ CARE A2

263 Ratnapriya Impex Private Limited CARE A4 CARE A4+

264 Ravi Infrabuild Projects Private Limited CARE A3 CARE A3+

265 Reliance Power Transmission Limited CARE A1+ (SO) CARE A1+ (SO) @

266 Remi Elektrotechnik Limited CARE A3 CARE A3+

267 Resins & Allied Products CARE A3 CARE A3+

268 RJP Infrastructure Private Limited CARE A3 CARE A3+

269 Rohit & Company CARE A4+ CARE A3

270 Roots Industries India Limited CARE A2+ CARE A1

271 RPN Engineers Chennai Private Limited CARE A4 CARE D

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

273 Sabar Flex Industries CARE A4 CARE D

274 Sagar Cements Limited CARE A4+ CARE A3

275 Sahara Hospitality Limited CARE A4 CARE D

276 Sai India Limited CARE D CARE A4

277 Sandip Nanavati CARE A4 CARE A4+

278 Sanjeev Auto Part Manufacturers Private Limited CARE A2 CARE A2+

279 Sanwaria Agro Oils Limited CARE A2 CARE A3+

280 Saregama India Limited CARE A3+ CARE A1

281 Sarthi Construction CARE A4 CARE A4+

282 Satya Deeptha Pharmaceuticals Limited CARE A4 CARE A4+

283 Saumya Mining Limited CARE A4 CARE D

284 SE Forge Limited CARE A4 CARE D

285 Seacem Paints India Private Limited CARE A4 CARE D

286 Secure Energy Services Limited CARE A2+ (SO) CARE A1 (SO)

287 Secure Meters Limited CARE A2+ CARE A1

288 Seya Industries Limited CARE A4+ CARE A3+

289 Shairu Gems Diamonds Private Limited CARE A3 CARE A3+

290 Shalimar Paints Limited CARE A1 @ CARE A3+

291 Shamanur Sugars Limited CARE A4 CARE D

292 Shanthi Feeds Private Limited CARE A3+ CARE A2

293 Sharda Educational Trust CARE A3 CARE A4+

294 Sharon Bio-Medicine Limited CARE A3 CARE A4

295 Sharp Ferro Alloys Limited CARE A3 CARE A4

296 Shera Metal Private Limited CARE A4 CARE A4+

297 Shirdi Sai Electricals Limited CARE A3+ CARE A2

298 Shirpur Gold Refinery Limited CARE A3 CARE A2

299 Shivalik Bimetal Controls Limited CARE A3 CARE A3+

300 Shree Hari Chemicals Export Limited CARE A4 CARE A4+

301 Shree Parashnath Re-Roolling Mills Limited CARE D CARE A4

302 Shree Sidhbali Industries Limited CARE A4 CARE A4+

303 Shri Dinesh Mills Limited CARE A1 CARE A1+

304 Shri Guru Ramdas Educational Society CARE A3+ CARE A2

305 Shri Mahalaxmi Industries CARE A4+ CARE A4

306 Shri Renuga Textiles Limited CARE A4 CARE D

307 Shri Shyam Ispat (India) Private Limited CARE A3 CARE A3+

308 Shruti Fashions Private Limited CARE A4 CARE A4+

309 Shubhalakshmi Polyesters Limited CARE A3 CARE A3+

310 Siddhi Refoils & Industries Private Limited CARE A4 CARE D

311 Signet Products Private Limited CARE A4 CARE A4+

312 SKS Power Generation (Chhattisgarh) Limited CARE A4+ CARE D

24

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

313 Sky Cotex India Private Limited CARE A4 CARE A4+

314 Smaat India Private Limited CARE A3 CARE A3+

315 SND Limited CARE A3+ CARE A2+

316 Sobhagia Sales Private Limited CARE A4 CARE A4+

317 Soccer International Private Limited CARE A3 CARE A3+

318 Sona Alloys Private Limited CARE D CARE A4

319 Sona Alloys Private Limited CARE A4+ CARE D

320 Sona Alloys Private Limited CARE D CARE A4

321 South India Exim Private Limited CARE A4 CARE D

322 Spykar Lifestyles Private Limited CARE A4 @ CARE A4+

323 Sreekanth Trading Private Limited CARE A4 CARE D

324 Sri Jayajothi Textile Mills Private Limited CARE A4 CARE D

325 SRM Institute of Science & Technology CARE A3 CARE A3+

326 Steelcast Limited CARE A3+ CARE A3

327 Sudar Industries Limited CARE A3 CARE A4

328 Sujana Metal Products Limited CARE A4 CARE D

329 Sujana Towers Limited CARE A4 CARE D

330 Sulochana Cotton Spinning Mills Private Limited CARE A4+ CARE A3

331 Suncity Projects Private Limited CARE A4+ CARE A3

332 Sundaram Auto Components Limited CARE A1 CARE A1+

333 Surat Metallics Limited CARE A3 CARE A3+

334 Suryadev Alloys and Power Private Limited CARE A3 CARE A3+

335 Suzuki Textiles Limited CARE A4 CARE A4+

336 Tarunika Gaur Housing & Construction Limited CARE A4 CARE D

337 TBEA Energy India Private Limited CARE A3 CARE A3+

338 Techfab International Private Limited CARE A3+ CARE A2

339 Techno Industries Limited CARE A4+ CARE A4

340 Terram Geosynthetics Private Limited CARE A4 @ CARE A4+

341 The West Coast Paper Mills Limited CARE A3+ CARE A3

342 Tide Industries CARE A3 CARE A3+

343 Tirupati Balaji Fibres Limited CARE A4 CARE A3

344 TM Harbour Services Private Limited CARE A2 CARE A1

345 Transways Exim Private Limited CARE A4 CARE A3

346 Troikaa Pharmaceuticals Limited CARE A3 CARE A3+

347 TT Limited CARE A4+ CARE A4

348 Turtle Limited CARE A4 CARE A3

349 Tuticorin Coal Terminal Private Limited CARE A4 CARE D

350 Tuticorin Coal Terminal Private Limited CARE D CARE A4

351 Umalaxmi Organics Private Limited CARE A4 CARE A3

352 Unique Green Energy Technologies Private Limited CARE A3+ (SO) CARE A2 (SO)

353 Urban Infrastructure Venture Capital Ltd CARE A1 CARE A2+

354 Uttar Gujarat Vij Company Limited CARE A1 CARE A1+

355 Valliammai Society CARE A3 CARE A3+

356 Variegate Projects Private Limited CARE A4 CARE D

357 Vennar Ceramics Limited CARE A3 (SO) @ CARE A3+ (SO)

358 Venus Wire Industries Private Limited CARE A2+ CARE A1+

359 Vikram Logistic and Maritime Services Private Limited CARE A4 CARE D

360 Vilas Polymers Limited. CARE A2 CARE A2+

361 Vindhya Telelinks Limited CARE A3 CARE A2

362 Vinit Gloves Manufacturing Private Limited CARE A3 CARE A3+

363 Vippy Spinpro Limited CARE A3+ CARE A2

364 Viraj Profiles Limited CARE A3 CARE A2

365 Visa Steel Limited CARE A4 CARE D

25

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

366 VKS-Seopur Baroda Corridor Private Limited CARE A4+ (SO) CARE A3 (SO)

367 V-Mart Retail Limited CARE A2+ CARE A1

368 Zuventus Healthcare Limited CARE A2+ CARE A1

@ Under Credit Watch

26