Unaccepted Ratings

List of Unaccepted Ratings (As on 06-September-2025)

Name of issuer
Sector
Name/type of instrument
Size (Rs. Million )
Date of Non- acceptance
Listing Status
Rating and outlook
Provisional Step And Document
Whether The Rating Was Accepted By The Issuer,Subse Quent To The Non Accepted Ratings Disclosure? (Yes/No)
Date Of Subsequent Acceptance Of Final Rating Assigned
Final Rating Accepted By Issuer
Whether The Issuer Requested For A Review/Appeal Subsequent To Disclosure Of Unaccepted Rating?
Whether Review/Appeal Of The Disclosed UnAccepted Rating Was Granted By CRA
Manoj Vaibhav Gems N Jewellers Limited
Wholesale and retail trade
Bank Facilities
1000.00
12 Jan 2025
Unlisted
CARE BBB+; Stable / CARE A2
Velmurugan Heavy Engineering Industries Private Limited
Other Machinery
Bank Facilities
760.00
12 Jan 2025
Unlisted
CARE BB+; Stable / CARE A4+
Yes
15 Jan 2025
CARE BB+; Stable / CARE A4+
No
NA
Certification Engineers International Limited
Other manufacturing
Bank Facilities
180.00
11 Jan 2025
Unlisted
CARE AA; Stable / CARE A1+
Yes
24 Aug 2025
CARE AA; Stable / CARE A1+
Yes
Yes
Kamat Hotels India Limited
Hospitality
Bank Facilities
2000.00
11 Jan 2025
Listed
CARE BBB-; Stable
Hi-Tech Radiators Private Limited
Other manufacturing
Bank Facilities
1300.00
10 Jan 2025
Unlisted
CARE BBB+; Stable / CARE A3+
Yes
06 Feb 2025
CARE BBB+; Stable / CARE A3+
Yes
Yes
Rakshak Securitas Private Limited
Administrative and support service activities
Bank Facilities
840.00
09 Jan 2025
Unlisted
CARE BBB-; Stable / CARE A3
Yes
15 Jan 2025
CARE BBB-; Stable / CARE A3
No
NA
S and T Engineers Private Limited
Other manufacturing
Bank Facilities
500.00
05 Jan 2025
Unlisted
CARE BB+; Stable / CARE A4+
Naari Pharma Private Limited
Pharmaceuticals
Bank Facilities
660.70
04 Jan 2025
Unlisted
CARE BB+; Stable
Health Biotech Limited
Pharmaceuticals
Bank Facilities
450.00
04 Jan 2025
Unlisted
CARE BB; Stable / CARE A4
India Tourism Development Corporation Limited
Other manufacturing
Issuer Rating
.00
02 Jan 2025
Unlisted
CARE A+; Stable
Mohan Enterprises
Real Estate activites
Bank Facilities
19350.00
01 Jan 2025
Unlisted
CARE BB+; Stable
Enrich RD InfraProjects Private Limited
Construction
Bank Facilities
750.00
28 Dec 2024
Unlisted
CARE BB+; Stable / CARE A4+
Yes
13 Jan 2025
CARE BB+; Stable / CARE A4+
No
NA
Equirus Securities Private Limited
Stock Brokers
Issuer Rating
.00
28 Dec 2024
Unlisted
CARE BBB+; Stable
GNRC Limited
Human health and social work activities
Bank Facilities
1110.00
28 Dec 2024
Listed
CARE BBB-; Stable / CARE A3
Krishiv Auto Agencies Private Limited
Auto
Bank Facilities
1000.00
28 Dec 2024
Unlisted
CARE BB; Stable / CARE A4
Yes
11 Jun 2025
CARE BB; Stable / CARE A4
No
NA