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List of issuers where there is a delay in carrying out the periodic surveillance

Entity Name Instrument Type Rated Amount (Rs. crore) Date of last Rationale Rating as per last Rationale Reason for delay in carrying out periodic review Latest Rationale
Marelli Motherson Auto Suspension Parts Private Limited
Fund Based/Non-Fund Based Facilities 15.0 January 03, 2022 [ICRA]A- (Stable) / [ICRA]A2+ Issuer delayed in giving information Rationale
Techno Process Equipments (India) Private Limited
Cash Credit 6.5 January 31, 2022 [ICRA]BBB (Stable) Review process is underway Rationale
Non-fund-based Facilities 63.5 [ICRA]A3+
Mamta Transformers P Ltd
Long-term Fund-based 5.0 January 28, 2022 [ICRA]B+ (Stable) Issuer not cooperating Rationale
Short-term non-fund based 6.0 [ICRA]A4
Short term-Fund Based 5.0 [ICRA]A4
Virgo Aluminum Limited
Long-term/Short-term Fund-based/ Non-fund Based Bank Lines 74.0 January 13, 2022 [ICRA]BBB+ (Stable) / [ICRA]A2 Review process is underway Rationale
Term Loans 40.7 [ICRA]BBB+ (Stable)
Short Term - Non-Fund Based 3.3 [ICRA]A2
DS Drinks and Beverages Pvt. Ltd.
Cash Credit 10.0 January 24, 2022 [ICRA]BB+ (Stable) Review Process is underway Rationale
Term Loan 36.2 [ICRA]BB+ (Stable)
Unallocated Limits 13.75 [ICRA]BB+ (Stable) / [ICRA]A4+
Gurnani Inn Private Limited
Term Loan 90.0 January 24, 2022 [ICRA]BB- (Stable) Issuer delayed in giving information Rationale
Shyama Shyam P1 City Bus Operations Pvt Ltd
Term Loans 57.75 January 17, 2022 [ICRA]A- (Stable) Review process is underway Rationale
Letter of Comfort 78.75 [ICRA]A- (Stable)
Bank Guarantee 1.9 [ICRA]A- (Stable)
Long Term / Short Term- Unallocated limits 13.05 [ICRA]A- (Stable) / [ICRA]A2+
VSK City Bus Operations Pvt Ltd
Term Loans 58.55 January 17, 2022 [ICRA]A- (Stable) Review process is underway Rationale
Letter of Comfort 78.75 [ICRA]A- (Stable)
Bank Guarantee 2.2 [ICRA]A- (Stable)
Long-term/ Short-term - Unallocated Limits 12.75 [ICRA]A- (Stable) / [ICRA]A2+
Safe-Tronics Automation Private Limited
Cash Credit 4.0 November 18, 2022 [ICRA]BB-ISSUER NOT COOPERATING (Stable) Issuer delayed in giving information Rationale
Short-term – Non-fund based 8.0 [ICRA]A4ISSUER NOT COOPERATING
Laljee Godhoo and Co.
Cash Credit 23.0 January 06, 2022 [ICRA]BBB+ (Stable) Issuer not cooperating Rationale
Long-term/Short-term Working Capital Facilities 10.0 [ICRA]BBB+ (Stable) / [ICRA]A2
Term Loan 7.5 [ICRA]BBB+ (Stable)
Rameshwar Textile Mills Ltd.
Cash Credit 10.75 September 15, 2022 [ICRA]DISSUER NOT COOPERATING Issuer Not Cooperating Rationale
Azad Impex Private Limited
Fund Based Limit 4.0 December 21, 2021 [ICRA]DISSUER NOT COOPERATING ISSUER NOT COOPERATING Rationale
Non-Fund Based Limits 38.0 [ICRA]DISSUER NOT COOPERATING
Innovassynth Technologies (I) Limited
Term Loans 4.60 December 20, 2021 [ICRA]BBB+ (Stable) Review Process is underway Rationale
Letter of Credit 12.5 [ICRA]A2
Fund based – Export Packing Credit 15.0 [ICRA]BBB+ (Stable)
Baba Ispat (P) Ltd.
Cash Credit 14.0 December 24, 2021 [ICRA]BB+ (Stable) Issuer delayed in giving information Rationale
Bank Guarantee 1.0 [ICRA]A4+
ZF Rane Automotive India Private Limited
Term Loan 83.35 January 06, 2022 [ICRA]AA- (Stable) Review process is underway Rationale
Cash Credit 205.0 [ICRA]AA- (Stable)
Unallocated Limits 47.1 [ICRA]AA- (Stable) / [ICRA]A1+
Lupin Limited
Fund-based/ Non-fund based limits 3000.0 November 10, 2021 [ICRA]A1+ Review process is underway Rationale
IBM India Private Limited
Long-Term Interchangeable 6.0 November 05, 2021 [ICRA]AA+ (Stable) Review process is underway Rationale
Non-fund Based 170.0 [ICRA]A1+
Kandhari Beverages Private Limited
Term Loan 164.6 September 30, 2021 [ICRA]AA- (Stable) Review process is underway Rationale
Cash Credit 86.95 [ICRA]AA- (Stable)
Unallocated Limits 144.3 [ICRA]AA- (Stable) / [ICRA]A1+
Sri Padma Priya Finance Corporation
Long-term bank facilities 18.0 September 30, 2021 [ICRA]B+ (Stable) Issuer delayed in giving information Rationale
Sri Vishnu Priya Finance
Long-term bank facilities 18.0 September 30, 2021 [ICRA]B+ (Stable) Issuer delayed in giving information Rationale
Chhapra Hajipur Expressways Limited
Term Loan 857.0 September 24, 2021 [ICRA]D Review process is underway Rationale
V.S.T. & Sons Private Limited
Cash Credit 44.0 August 02, 2021 [ICRA]A- (Stable) Review process is underway Rationale
Unallocated 1.0 [ICRA]A- (Stable)
M3M India Private Limited
Fund Based 282.65 June 11, 2021 [ICRA]BB-Rating Watch with Negative Implications Review Process is Underway Rationale
Non-fund Based 12.5 [ICRA]BB-Rating Watch with Negative Implications
Fund based - Overdraft 50.0 [ICRA]BB-Rating Watch with Negative Implications
Azure Power Thirty Eight Private Limited
Term Loan 40.65 April 14, 2021 [ICRA]BBB (Stable) Review process underway Rationale
Rashtriya Seva Samithi
Fund based Term Loan 0.70 April 07, 2021 [ICRA]BBB- (Stable) Review process is underway Rationale
Fund Based Cash Credit 68.45 [ICRA]BBB- (Stable)
Universal MEP Projects & Engineering Services Limited (Formally known as Rohini Industrial Electricals Limited)
Fund Based Limit 360.0 February 03, 2020 [ICRA]AA+ (Stable) / [ICRA]A1+ Rationale
Non-Fund Based Limits 1040.0 [ICRA]AA+ (Stable) / [ICRA]A1+
Short-term – Non-fund based 500.0 [ICRA]A1+
Long term/short term- Unallocated Limits 100.0 [ICRA]AA+ (Stable) / [ICRA]A1+
Innovassynth Technologies (I) Limited
Term Loans 4.60 September 17, 2019 [ICRA]BBB+ (Stable) Rationale
Letter of Credit 12.5 [ICRA]A2
Fund based – Export Packing Credit 15.0 [ICRA]BBB+ (Stable)