Live Ratings
A   Assigned  R   Reaffirmed  W   Withdrawn  S   Suspended  U   Upgraded  D   Downgraded  RW   Ratings Under Watch  I   INC  DI   Downgraded & INC  WI   Withdrawn & INC  


INC denotes Issuer Not Cooperating


Date Entity Name Rating Action
17th Feb 20 Ambala Coach Builders Banker Feedback   |   Add To Portfolio
  Cash Credit Long Term INR 2 CR ACUITE B+   DI
  Term Loan Long Term INR 0.22 CR ACUITE B+   DI
  Bank Guarantee Short Term INR 5 CR ACUITE A4   DI
  Proposed Bank Facility Long Term INR 2.18 CR ACUITE B+   DI
17th Feb 20 Finova Capital Private Limited Banker Feedback   |   Add To Portfolio
  Term Loan Long Term INR 15 CR ACUITE BBB+/ Stable   A
  Proposed Bank Facility Long Term INR 260 CR ACUITE BBB+/ Stable   A
17th Feb 20 Arjun Enterprises Private Limited Banker Feedback   |   Add To Portfolio
  Cash Credit Long Term INR 10 CR ACUITE B+   DI
  Cash Credit Long Term INR 5 CR ACUITE B+   DI
  Letter of Credit Short Term INR 9 CR ACUITE A4   DI
  Letter of Credit Short Term INR 6 CR ACUITE A4   DI
17th Feb 20 DSR Sons India Engineers Private Limited Banker Feedback   |   Add To Portfolio
  Secured Overdraft Long Term INR 5 CR ACUITE B+   W
  Term Loan Long Term INR 0.43 CR ACUITE B+   W
  Proposed Bank Facility Long Term INR 2.57 CR ACUITE B+   W
  Bank Guarantee Short Term INR 2 CR ACUITE A4   W
17th Feb 20 Radha Marketing Banker Feedback   |   Add To Portfolio
  Cash Credit Long Term INR 44 CR ACUITE BBB- / Stable   R
  Proposed Bank Facility Long Term INR 5 CR ACUITE BBB- / Stable   A
17th Feb 20 Radha Wines Banker Feedback   |   Add To Portfolio
  Cash Credit Long Term INR 70 CR ACUITE BBB/ Stable   R
17th Feb 20 Bokaro Power Supply Company Private Limited Banker Feedback   |   Add To Portfolio
  Cash Credit Long Term INR 290 CR ACUITE AA-/ Stable   U
  Working Capital Demand Loan Short Term INR 50 CR ACUITE A1+   U
  Letter of Credit Short Term INR 60 CR ACUITE A1+   U
17th Feb 20 Rosmerta Autotech Private Limited Banker Feedback   |   Add To Portfolio
  Proposed Term Loan Long Term INR 1 CR ACUITE B+   W
  Proposed Cash Credit Long Term INR 10 CR ACUITE B+   W
  Proposed Bank Guarantee Short Term INR 9 CR ACUITE A4   W
17th Feb 20 Kumaran Systems Private Limited Banker Feedback   |   Add To Portfolio
  Cash Credit Long Term INR 5 CR ACUITE B   I
  Term Loan Long Term INR 2.5 CR ACUITE B   I
  Proposed Cash Credit Long Term INR 1.5 CR ACUITE B   I
17th Feb 20 Gokulam Shelters Private Limited Banker Feedback   |   Add To Portfolio
  Cash Credit Long Term INR 14 CR ACUITE B+   I
17th Feb 20 Anil Steel Works Banker Feedback   |   Add To Portfolio
  Cash Credit Long Term INR 8.5 CR ACUITE D   I
17th Feb 20 Swastik Rice Mill Banker Feedback   |   Add To Portfolio
  Cash Credit Long Term INR 6 CR ACUITE B   I
  Proposed Cash Credit Long Term INR 1 CR ACUITE B   I
17th Feb 20 Kaygaon Paper Mills Private Limited Banker Feedback   |   Add To Portfolio
  Cash Credit Long Term INR 14 CR ACUITE BB+/ Stable   A
  Term Loan Long Term INR 9.92 CR ACUITE BB+/ Stable   A
  Letter of Credit Short Term INR 4.5 CR ACUITE A4+   A
  Bank Guarantee Short Term INR 1.75 CR ACUITE A4+   A
  Proposed Bank Facility Long Term INR 9.91 CR ACUITE BB+/ Stable   A
17th Feb 20 Oja Automobiles Private Limited Banker Feedback   |   Add To Portfolio
  Cash Credit Long Term INR 22.5 CR ACUITE BB+   I
  Cash Credit Long Term INR 12 CR ACUITE BB+   I
  Standby Line of Credit Long Term INR 2.6 CR ACUITE BB+   I
  Inventory Funding Short Term INR 10 CR ACUITE A4+   I
17th Feb 20 Mac Industries Banker Feedback   |   Add To Portfolio
  Cash Credit Long Term INR 5.5 CR ACUITE BB-   W
  Proposed Bank Facility Long Term INR 2.5 CR ACUITE BB-   W
  Letter of Credit Short Term INR 3 CR ACUITE A4   W
  Proposed Letter of Credit Short Term INR 6 CR ACUITE A4   W
Our exciting journey started in 2005 with rating of bank borrowers most of whom were small and medium enterprises. At that time, credit rating was a concept known only to large issuers of capital market instruments. Since then, like a caterpillar transforms itself into a beautiful butterfly, we transformed to rate bonds, bank facilities of large corporates and issuers across industries. Along came many achievements - SEBI Registration in 2011, RBI accreditation in 2012, 50,000 ratings in 2018, 5,000 Bond and Bank Loan Ratings in 2017, launch of India's first Android and iPhone app to disseminate rating, tamper-proof QR-code-enabled rating rationales, and SMERA Terminal to name a few.

Now is the time to re-emphasize our increasing footprint across all segments of ratings through the launch of our new name - 'Acuité'.

The name has changed. The spirit of upholding highest standards of analytical rigour, continuous improvement, excellence in our processes and quest for innovation remains the same. We would like to re-emphasize that we will continue to work hard to provide independent, unbiased and timely opinion of highest standard.

Acuité means 'sharpness and clarity of thought and vision'. Let our research and ratings help you take decisions with confidence.


Sankar Chakraborti
CEO