Unaccepted Ratings
(DISCLOSURE AS PER SEBI CIRCULAR SEBI/ HO/ MIRSD/ DOP2/ CIR/ P/ 2018/ 86)

Acuité discloses the ratings that remain unaccepted 30 days after the communication of Rating. In compliance with SEBI circular effective May 30, 2018, all non-accepted ratings shall be disclosed on the website of Acuité for a period of 12 months from the date of such rating being disclosed as a non-accepted rating on the website.

Name of the
Issuer
Sector Instrument Type Issue Size
(In Cr.)
Date of Non Acceptance Listing Status Long Term Rating Outlook Short Term Rating
A ADAK AND CO Other ferrous metal productsBank Facilities12.00 5-Mar-20 Unlisted ACUITE BB- Stable ACUITE A4
A PURSHOTTAM CONSTRUCTIONS PRIVATE LIMITED Infrastructural ConstructionBank Facilities20.00 8-Aug-20 Unlisted ACUITE BB Stable ACUITE A4+
AAISWARYA DYEING MILLS PRIVATE LIMITED ClothBank Facilities10.00 28-Feb-20 Unlisted ACUITE BBB+ Stable -
AALAYA ENGINEERING PROJECT PRIVATE LIMITED Infrastructural ConstructionBank Facilities8.00 3-Apr-20 Unlisted ACUITE B+ Stable ACUITE A4
AALAYA ENGINEERING PROJECT PRIVATE LIMITED Infrastructural ConstructionBank Facilities8.00 21-Jun-20 Unlisted ACUITE B+ Stable ACUITE A4
AAVANTI RENEWABLE ENERGY PRIVATE LIMITED Renewable electricityBank Facilities20.00 14-May-20 Unlisted ACUITE D - -
AAVANTI SOLAR ENERGY PRIVATE LIMITED Renewable electricityBank Facilities20.00 14-May-20 Unlisted ACUITE BB- Stable -
ABELLON CLEAN ENERGY LIMITED Wholesale tradingBank Facilities23.00 17-Jul-20 Unlisted ACUITE BBB Stable ACUITE A3+
ABHI DIAGNOSTICS IMAGINGS PRIVATE LIMITED Health services Bank Facilities15.00 2-Aug-20 Unlisted ACUITE B+ Stable -
ABI TECH Other automobile ancillariesBank Facilities10.00 24-Feb-20 Unlisted ACUITE B+ Stable -
ACCORD CHEMICAL CORPORATION Wholesale tradingBank Facilities40.00 2-Oct-20 Unlisted ACUITE BB- Stable -
ADITYA ANAGHA MULTISTATE CREDIT COOPERATIVE SOCIETY LIMITED Other fund based financial servicesBank Facilities15.00 6-Mar-20 Unlisted ACUITE BB- Stable -
ADITYA ANAGHA MULTISTATE CREDIT COOPERATIVE SOCIETY LIMITED Other fund based financial servicesBank Facilities15.00 11-Apr-20 Unlisted ACUITE BB- Stable -
ADVANCE MICRO FERTILIZERS PRIVATE LIMITED FertilisersBank Facilities13.00 22-May-20 Unlisted ACUITE BB+ Stable -
AGRIGO TRADING PRIVATE LIMITED Wholesale tradingBank Facilities12.50 23-Nov-19 Unlisted ACUITE BB+ Stable -
AGRIGO TRADING PRIVATE LIMITED Wholesale tradingBank Facilities17.50 28-Dec-19 Unlisted ACUITE BB+ Stable -
AGRIGO TRADING PRIVATE LIMITED Wholesale tradingBank Facilities17.50 3-Jan-20 Unlisted ACUITE BB+ Stable -
AJAY INGOT ROLLING MILL PRIVATE LIMITED GraniteBank Facilities18.00 2-Jan-20 Unlisted ACUITE BB+ Stable -
AJINKYA CHEMTECH PRIVATE LIMITED Organic chemicalsBank Facilities11.00 6-Jun-20 Unlisted ACUITE BB- Stable -
AKAR AUTO INDUSTRIES LIMITED Other automobile ancillariesBank Facilities15.00 2-Dec-19 Listed ACUITE BB Stable ACUITE A4+
ALGON AGRO FOODS Milling productsBank Facilities14.50 27-Feb-20 Unlisted ACUITE B Stable -
ALLEN MULTITADING PRIVATE LIMITED Beer & alcoholBank Facilities10.00 14-Sep-20 Unlisted ACUITE BB- Stable ACUITE A4+
AMALGAM STEEL AND POWER LIMITED Other ferrous metal productsScenario Rating Assessment0.00 31-May-20 Unlisted SC 1: ACUITE BBB+ /SC 2: ACUITE BBB+ Stable -
AMALGAM STEEL PRIVATE LIMITED Other ferrous metal productsScenario Rating Assessment0.00 31-May-20 Unlisted SC 1: ACUITE BBB+ /SC 2: ACUITE BBB+ Stable SC 1: ACUITE A2 /SC 2: ACUITE A2
AMBUTHIRTHA POWER PRIVATE LIMITED Conventional electricityBank Facilities73.00 28-Dec-19 Unlisted ACUITE BB Stable -
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