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 G BABU SAH Retail tradingBank Facilities20.00 4-Oct-19 Unlisted ACUITE B- Stable -
A S CARRIERS PRIVATE LIMITED Other construction & allied activitiesBank Facilities65.00 4-Oct-19 Unlisted ACUITE BB Stable -
AAISWARYA DYEING MILLS PRIVATE LIMITED Textile processingBank Facilities10.00 17-Aug-19 Unlisted ACUITE BB Stable -
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
AARIKET ENTERPRISES Tobacco ProductsBank Facilities15.00 22-Sep-19 Unlisted ACUITE BB Stable -
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 -
ABI TECH Other automobile ancillariesBank Facilities10.00 24-Feb-20 Unlisted ACUITE B+ Stable -
ABT INDUSTRIES LIMITED Diversified automobileBank Facilities10.00 24-May-19 Unlisted ACUITE BB+ Stable ACUITE A4+
ADD TECHNOLOGIES INDIA LIMITED Computer softwareBank Facilities15.00 4-Oct-19 Unlisted ACUITE B+ Stable ACUITE A4
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 -
AGRAWAL STRUCTURE MILLS PRIVATE LIMITED Sponge ironBank Facilities30.00 5-Jul-19 Unlisted ACUITE BB- Stable ACUITE A4+
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 -
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 -
ALL INDIA SOCIETY FOR ELECTRONICS AND COMPUTER TECHNOLOGY EducationBank Facilities20.45 22-Jun-19 Unlisted ACUITE BB+ Stable ACUITE A4+
ALUCOP INDIA PRIVATE LIMITED Wholesale tradingBank Facilities45.00 8-Jul-19 Unlisted ACUITE BB+ Stable ACUITE A4+
AMBALA COTSPIN PRIVATE LIMITED Textile processingBank Facilities10.00 30-Aug-19 Unlisted ACUITE B 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