ICRA Limited

Ratings assigned and not accepted Published on October 03, 2017 S.No Rated Entity Rated Rating Instrument Amount assigned Type Rating assigned (INR month

crores) and year 1 Alappuzha Municipality* Issuer 0 IrB(Stable) Jan-17

Aster Structural Solutions Private [ICRA]B-(Stable)/ 2 BLR 10 Jan-17 Limited [ICRA]A4

Dolf Industries* [ICRA]BB(Stable)/ 3 BLR 11.5 Jan-17 [ICRA]A4+

Fortis Healthcare Holdings Private 4 NCD/Debt 140 [ICRA]A(Negative) Jan-17 Limited* Grotech Landscape Developers 5 BLR 2 [ICRA]BB(Stable) Jan-17 Private Limited* 6 Guruvayoor Municipality* Issuer 0 IrBB-(Stable) Jan-17

7 Kalya Constructions Private Limited BLR 6 [ICRA]B+(Stable) Jan-17 8 Kannur Municipal Corporation* Issuer 0 IrBB+(Stable) Jan-17

Karnataka Roadlines Pvt. Ltd. [ICRA]BB+(Positive)/ 9 BLR 29.5 Jan-17 [ICRA]A4+

Kay Bouvet Engineering Limited* 10 [ICRA]BB-(Stable)/ (erstwhile Kay Bouvet Engineering BLR 41 Jan-17 [ICRA]A4 Private Limited) 11 M/s. Aone Enclave BLR 10 [ICRA]B+(Stable) Jan-17 M/S.Dwarka Das Agarwal* [ICRA]BB(Stable)/ 12 BLR 6.5 Jan-17 [ICRA]A4

13 Malganga Dairy Farm BLR 2 [ICRA]BB(Stable) Jan-17

Malganga Milk And Agro Products 14 BLR 11 [ICRA]BB-(Stable) Jan-17 Private Limited Manomay Tex Private Limited Credit 15 49 [ICRA]BB(Stable) Jan-17 Opinion Unique Structures And Towers [ICRA]BB+(Stable)/ 16 BLR 120.31 Jan-17 Limited* [ICRA]A4+

17 Multimech Engineers* BLR 8 [ICRA]B(Stable) Feb-17 18 Navalakha Translines* BLR 25 [ICRA]BB+(Stable) Feb-17 19 Palakkad Municipality Issuer 0 IrB+(Stable) Jan-17

20 Park Health Systems Pvt. Ltd. BLR 7 [ICRA]BB-(Stable) Jan-17

21 Protac Foods International Pvt. Ltd.* BLR 22 [ICRA]B(Stable) Jan-17 Prothom Industries India Private [ICRA]BB-(Stable)/ 22 BLR 24 Jan-17 Limited* [ICRA]A4 23 R.S.Melgiri And Company* BLR 15 [ICRA]BB-(Stable) Jan-17

24 Shilpi Cable Technologies Limited* NCD/Debt 27 [ICRA]BBB+(Negative) Mar-17 Sri Jayarama Motors Pvt. Ltd.* [ICRA]BB(Stable)/ 25 BLR 12 Feb-17 [ICRA]A4

Disclaimers: Please note that unaccepted ratings are not subject to the periodic monitoring/surveillance exercise and may not be representative of the current credit quality of the rated entity. Additionally ICRA Ratings should not be treated as recommendation to buy, sell or hold the rated debt instruments.

The' *' sign denotes that rating has been accepted. All accepted ratings are subject to a process of surveillance, which may warrant a revision in ratings. Please visit our website (https://www.icra.in) or contact any ICRA office for the latest information on ICRA outstanding Ratings. You may also refer to the current rating list (https://www.icra.in/Rating?RatingType=CR) published on ICRA website for further information on rated instrument. Page 1 ICRA Limited

S.No Rated Entity Rated Rating Instrument Amount assigned Type Rating assigned (INR month

crores) and year Teems India Towerlines Private [ICRA]BBB-(Stable)/ 26 BLR 25 Jan-17 Limited* [ICRA]A3 27 Vaman Milk Foods Pvt. Ltd. BLR 8.2 [ICRA]D Jan-17

28 Viswabharathi Educational Society BLR 40 [ICRA]D Jan-17

29 Vyshnavi Fillers Private Limited BLR 14.3 [ICRA]B+(Stable) Jan-17 30 Icewear Creation* [ICRA]B+(Stable)/ BLR 12.17 Feb-17 [ICRA]A4 31 Atharva Developers* BLR 2.5 [ICRA]D Feb-17 32 Rajrajeshwar Cotton Industries* BLR 6 [ICRA]B+(Stable) Feb-17 33 Universal Saur Urja Private Limited BLR 157 [ICRA]BBB-(Stable) Feb-17 34 Kanchan Motors BLR 8.61 [ICRA]B-(Stable) Feb-17 35 M.D.Agro Foods* BLR 5 [ICRA]B+(Stable) Feb-17 Magic Motors [ICRA]B-(Stable)/ 36 BLR 15.8 Feb-17 [ICRA]A4 37 Shaurya Motors BLR 4.95 [ICRA]B-(Stable) Feb-17 Shree Packers (Mp) Private Limited* [ICRA]BB-(Stable)/ 38 BLR 10 Feb-17 [ICRA]A4 Shriniwas Board And Paper Private [ICRA]BB-(Stable)/ 39 BLR 10 Feb-17 Limited* [ICRA]A4 Vyanktesh Plastics And Packaging [ICRA]BB-(Stable)/ 40 BLR 9.35 Feb-17 Private Limited* [ICRA]A4 41 Ellora Construction Pvt Ltd BLR 53 [ICRA]D Feb-17 42 Alm Industries Limited BLR 14 [ICRA]A3 Mar-17 43 Archna Flour Mill BLR 17 [ICRA]B(Stable) Mar-17 44 Bhilai Municipal Corporation* Issuer 0 IrBBB+(Stable) Feb-17 45 Karimnagar Municipal Corporation* Issuer 0 IrBBB(Stable) Feb-17 Khyati Foods Private Limited [ICRA]BB-(Stable)/ 46 BLR 45 Mar-17 [ICRA]A4 47 Miryalaguda Municipality* Issuer 0 IrBB(Stable) Feb-17 Neel Metal Products Limited* [ICRA]A+(Stable)/ 48 BLR 100 Feb-17 [ICRA]A1 49 Neel Metal Products Limited* CP/CD/ STD 50 [ICRA]A1 Feb-17 50 Raipur Municipal Corporation* Issuer 0 IrBBB+(Stable) Feb-17 51 Siddipet Municipality* Issuer 0 IrBB(Stable) Feb-17 52 Suryapet Municipality* Issuer 0 IrBB(Stable) Feb-17 Nexgensolution Technologies 53 BLR 20.00 [ICRA]BB+(Stable) Mar-17 Private Limited Skipperseil Limited* [ICRA]BB+(Stable)/ 54 BLR 240 Feb-17 [ICRA]A4+

Disclaimers: Please note that unaccepted ratings are not subject to the periodic monitoring/surveillance exercise and may not be representative of the current credit quality of the rated entity. Additionally ICRA Ratings should not be treated as recommendation to buy, sell or hold the rated debt instruments.

The' *' sign denotes that rating has been accepted. All accepted ratings are subject to a process of surveillance, which may warrant a revision in ratings. Please visit our website (https://www.icra.in) or contact any ICRA office for the latest information on ICRA outstanding Ratings. You may also refer to the current rating list (https://www.icra.in/Rating?RatingType=CR) published on ICRA website for further information on rated instrument. Page 2 ICRA Limited

S.No Rated Entity Rated Rating Instrument Amount assigned Type Rating assigned (INR month

crores) and year 55 Smile Microfinance Limited* NCD/Debt 15 [ICRA]BBB-(Stable) Mar-17 56 Mep Tormato Ltd. BLR 50 [ICRA]BB+(SO)(Stable) Feb-17 57 A P Goyal Shimla University BLR 47 [ICRA]B(Stable) Mar-17 58 Balaji Solutions Private Limited BLR 17 [ICRA]BB+(Stable) Mar-17 Bangalore Surgicals* [ICRA]BBB+(Stable)/ 59 BLR 8 Mar-17 [ICRA]A2 60 Dg Mining Private Limited BLR 23 [ICRA]B(Stable) Mar-17 61 Issuer 0 IrBB(Stable) Mar-17 Investors Clinic Infratech Private 62 BLR 20 [ICRA]BB-(Stable) Mar-17 Limited 63 Kavali Municipality* Issuer 0 IrBB(Stable) Mar-17 64 Machilipatnam Municipality* Issuer 0 IrBB+(Stable) Mar-17 Muthoot Housing Finance Company 65 BLR 50 [ICRA]BBB+(Stable) Mar-17 Limited Perumal Spinning Mills Private [ICRA]B+(Stable)/ 66 BLR 7 Mar-17 Limited* [ICRA]A4 Rimtex Engineering Private Limited [ICRA]B(Stable)/ 67 BLR 15 Mar-17 [ICRA]A4 Rimtex Industries [ICRA]BB(Stable)/ 68 BLR 15 Mar-17 [ICRA]A4+ Rpl Projects Limited [ICRA]B(Stable)/ 69 BLR 46.02 Mar-17 [ICRA]A4 70 Sri Kalahasthi Municipality Issuer 0 IrBB-(Stable) Mar-17 71 Municipality* Issuer 0 IrBB+(Stable) Mar-17 Value Point Systems Private Limited [ICRA]BB+(Stable)/ 72 BLR 26 Mar-17 [ICRA]A4 73 S.P.R.L. Foods Limited* BLR 32 [ICRA]B+(Stable) Mar-17 Aarvee Cold Chain Logistics Private 74 BLR 12 [ICRA]BB(Stable) Mar-17 Limited 75 Bodhgaya Nagar Panchayat* Issuer 0 IrB+(Stable) Mar-17 76 Buxar Municipal Council Issuer 0 IrB+(Stable) Mar-17 77 Coldman Logistics Private Limited BLR 10 [ICRA]BB(Stable) Mar-17 78 Coldman Logistics Private Limited BLR 56.84 [ICRA]BB(Stable) May-17 Danapur Nizamat Municipal 79 Issuer 0 IrBB-(Stable) Mar-17 Council* 80 Darbhanga Municipal Corporation* Issuer 0 IrBB(Stable) Mar-17 Dindigul City Municipal 81 Issuer 0 IrBB-(Stable) Apr-17 Corporation* Enpro Industries Pvt Ltd Credit [ICRA]BBB(Stable)/ 82 0 Apr-17 Opinion [ICRA]A3+ 83 Hi Life Ventures Private Limited BLR 50 [ICRA]B+(Stable) Mar-17 Disclaimers: Please note that unaccepted ratings are not subject to the periodic monitoring/surveillance exercise and may not be representative of the current credit quality of the rated entity. Additionally ICRA Ratings should not be treated as recommendation to buy, sell or hold the rated debt instruments.

The' *' sign denotes that rating has been accepted. All accepted ratings are subject to a process of surveillance, which may warrant a revision in ratings. Please visit our website (https://www.icra.in) or contact any ICRA office for the latest information on ICRA outstanding Ratings. You may also refer to the current rating list (https://www.icra.in/Rating?RatingType=CR) published on ICRA website for further information on rated instrument. Page 3 ICRA Limited

S.No Rated Entity Rated Rating Instrument Amount assigned Type Rating assigned (INR month

crores) and year 84 Katihar Municipal Corporation Issuer 0 IrB+(Stable) Mar-17 Madurai City Municipal Corporation 85 Issuer 0 IrA-(Stable) Apr-17 Tn* Muzaffarpur Municipal 86 Issuer 0 IrBB(Stable) Mar-17 Corporation* Nandyala Satyanarayana* [ICRA]BB-(Stable)/ 87 BLR 70 Mar-17 [ICRA]A4 88 Patni Builders Pvt. Ltd. BLR 9 [ICRA]D Mar-17 89 Purnea Municipal Corporation Issuer 0 IrBB(Stable) Mar-17 Rajamahendravaram Municipal 90 Issuer 0 IrBBB(Stable) Mar-17 Corporation 91 Rajapalayam Minicipality* Issuer 0 IrBB+(Stable) Apr-17 92 Rameswaram Municipality* Issuer 0 IrBB-(Stable) Apr-17 93 Sona Beverages Private Limited BLR 10 [ICRA]B-(Stable) Mar-17 94 Sri Kalahasthi Municipality Issuer 0 IrBB-(Stable) Mar-17 95 Srikakulam Municipal Corporation Issuer 0 IrBB+(Stable) Mar-17 Thoothukudi City Municipal 96 Issuer 0 IrBBB-(Stable) Apr-17 Corporation* Tiruchirapalli City Municipal 97 Issuer 0 IrBBB+(Stable) Apr-17 Corporation* 98 Vizianagaram Municipality* Issuer 0 IrBBB(Stable) Mar-17 Itco Industries Limited [ICRA]BB+(Stable)/ 99 BLR 12.33 Mar-17 [ICRA]A4+ Bagadiya Brothers Private Limited [ICRA]B+(Stable)/ 100 BLR 453 Mar-17 [ICRA]A4 Century 21 Town Planners Private 101 BLR 101 [ICRA]BB-(Stable) Mar-17 Limited Krishna Vanijya Private Limited [ICRA]BB-(Stable) 102 BLR 21 Mar-17 /[ICRA]A4 New Delhi Tyre House [ICRA]BB+(Stable)/ 103 BLR 10 Apr-17 [ICRA]A4+ Prism Enterprises Pvt. Ltd. [ICRA]BB-(Stable)/ 104 BLR 100 Mar-17 [ICRA]A4 Prism Jewellery [ICRA]BB-(Stable)/ 105 BLR 15 Mar-17 [ICRA]A4 106 Skylink Hospitality Llp BLR 100 [ICRA]BB+(Stable) Mar-17 Spartan Engineering Industries [ICRA]B(Stable)/ 107 BLR 43.5 Mar-17 Private Limited [ICRA]A4 108 Texplas (India) Private Limited BLR 17 [ICRA]D Mar-17 109 Varam Capital Private Limited* BLR 100 [ICRA]BB(Stable) Mar-17 Disclaimers: Please note that unaccepted ratings are not subject to the periodic monitoring/surveillance exercise and may not be representative of the current credit quality of the rated entity. Additionally ICRA Ratings should not be treated as recommendation to buy, sell or hold the rated debt instruments.

The' *' sign denotes that rating has been accepted. All accepted ratings are subject to a process of surveillance, which may warrant a revision in ratings. Please visit our website (https://www.icra.in) or contact any ICRA office for the latest information on ICRA outstanding Ratings. You may also refer to the current rating list (https://www.icra.in/Rating?RatingType=CR) published on ICRA website for further information on rated instrument. Page 4 ICRA Limited

S.No Rated Entity Rated Rating Instrument Amount assigned Type Rating assigned (INR month

crores) and year Home Credit India Finance Private Credit 110 650 [ICRA]BBB-(Stable) May-17 Limited Opinion Kakatiya Energy Systems Pvt. Ltd. [ICRA]B+(Stable)/ 111 BLR 8 May-17 [ICRA]A4 Ginza Industries Limited [ICRA]BBB+(Stable)/ 112 BLR 26.2 Apr-17 [ICRA]A2 Lee Pharma Limited [ICRA]BB+(Stable)/ 113 BLR 15 May-17 [ICRA]A4+ 114 Lvp Foods Private Limited* BLR 11.5 [ICRA]BBB(Stable) Mar-17 115 Kolar City Municipal Council* Issuer 0 IrBB(Stable) May-17 SRC Chemicals Private Limited [ICRA]BBB-(Stable)/ 116 BLR 17.65 May-17 [ICRA]A3 117 Tidel Park Limited BLR 40 [ICRA]A-(Stable) Apr-17 118 Mysuru City Corporation* Issuer 0 IrA(Stable) Apr-17 Chickamagalur City Municipal 119 Issuer 0 IrBBB-(Stable) May-17 Council 120 Chitradurga City Municipal Council Issuer 0 IrBBB-(Stable) May-17 121 Gupta Solvent Private Limited* BLR 9.5 [ICRA]B+(Stable) May-17 Industrial Handling [ICRA]B+(Stable)/ 122 BLR 55 May-17 [ICRA]A4 Nirwana Hotels and Resorts Private 123 BLR 3.56 [ICRA]B(Stable) Apr-17 Limited Smart Card It Solutions Limited [ICRA]BB+(Stable)/ 124 BLR 100 May-17 [ICRA]A4+ Sree Siddarameshwara Agro 125 BLR 80 [ICRA]BB(Stable) June-17 Industries Prestige Metallics Pvt. Ltd. [ICRA]B+ (Stable)/ 126 BLR 24.7 June-17 [ICRA]A4 127 Bhagalpur Municipal Corporation Issuer 0 IrBB+(Stable) June-17 Mahakaushal Sugar and Power [ICRA]BB(Stable)/ 128 BLR 50 May-17 Industries Limited [ICRA]A4+ Samhi Hotels (Ahmedabad) Private [ICRA]BBB-(Stable)/ 129 BLR 218.5 May-17 Limited [ICRA]A3 130 Strive India Education Foundation BLR 20 [ICRA]BB-(Stable) May-17 131 PG Electroplast Limited BLR 12 [ICRA]BB+(Stable) July-17 Karnataka Water and Sanitation Provisional [ICRA]A- 132 Debt 173 June-17 Pooled Fund (SO)(Stable) Pradakshana Fintech Private Limited 133 (Formerly Mimoza Enterprises BLR 20 [ICRA]B+(Stable) June-17 Finance Pvt. Ltd.)

Disclaimers: Please note that unaccepted ratings are not subject to the periodic monitoring/surveillance exercise and may not be representative of the current credit quality of the rated entity. Additionally ICRA Ratings should not be treated as recommendation to buy, sell or hold the rated debt instruments.

The' *' sign denotes that rating has been accepted. All accepted ratings are subject to a process of surveillance, which may warrant a revision in ratings. Please visit our website (https://www.icra.in) or contact any ICRA office for the latest information on ICRA outstanding Ratings. You may also refer to the current rating list (https://www.icra.in/Rating?RatingType=CR) published on ICRA website for further information on rated instrument. Page 5 ICRA Limited

S.No Rated Entity Rated Rating Instrument Amount assigned Type Rating assigned (INR month

crores) and year 134 Alok Infrabuilders Private Limited BLR 10 [ICRA]B(Stable) July-17 Biax Electric And Controls Pvt. Ltd. [ICRA]B(Stable)/ 135 BLR 7.5 June-17 [ICRA]A4 Municipal Corporation of Greater 136 Issuer 0 IrAA+(Stable) June-17 Mumbai 137 Nrss Xxxi (B) Transmission Limited BLR 124.5 [ICRA]A(Stable) July-17 Radiant Solar Private Limited [ICRA]B(Stable)/ 138 BLR 9 June-17 [ICRA]A4 139 Scc Projects Pvt. Ltd. BLR 25 [ICRA]D June-17 Sudhakara Infratech Private Limited [ICRA]BBB-(Stable)/ 140 BLR 30 July-17 [ICRA]A3 Sunrise Polypack Pvt. Ltd. [ICRA]BB(Stable)/ 141 BLR 29 June-17 [ICRA]A4+ Svarn Infratel Private Limited* [ICRA]BB+(Positive)/ 142 BLR 17.15 July-17 [ICRA]A4+ Texport Industries Private Limited [ICRA]A-(Negative)/ 143 BLR 60 July-17 [ICRA]A2+ 144 Vee Naturals BLR 6 [ICRA]B+(Stable) June-17 Apl Apollo Tubes Limited* [ICRA]A+(Stable)/ 145 BLR 26.5 July-17 [ICRA]A1+ 146 Dmi Finance Private Limited* CP/CD/ STD 25 [ICRA]A1+ July-17 147 Hyt Engineering Company Pvt. Ltd. BLR 10 [ICRA]BB+(Stable) July-17 India Shelter Finance Corporation 148 NCD/Debt 71 [ICRA]A-(Stable) July-17 Ltd.* Jharkhand Infrastructure 149 BLR 480 [ICRA]BBB(Stable) July-17 Implementation Company Limited Kunjal Synergies Private Limited [ICRA]IrBB+(Stable)/ 150 Issuer 0 July-17 IrA4+ Lloyds Line Pipes Limited* [ICRA]A+ (SO)(Stable)/ 151 BLR 68.42 July-17 [ICRA]A1+(SO) 152 M/S. Radhanath Bhunia And Sons BLR 6 [ICRA]B(Stable) July-17 153 Madura Micro Finance Ltd. NCD/Debt 40 [ICRA]BBB(Stable) July-17 154 Mira Exim Limited* BLR 5 [ICRA]A4+ June-17 Naitik Gems Llp* [ICRA]B+(Stable)/ 155 BLR 25 July-17 [ICRA]A4 156 Pam Star Exports BLR 17 [ICRA]A4 July-17 Prestress Steel LLP (erstwhile [ICRA]BBB-(Stable)/ 157 Prestress Wire Industries) BLR 67.8 June-17 [ICRA]A3

158 Shri Lakshmi Metal Udyog Limited* BLR 22.6 [ICRA]A+(SO)(Stable)/ July-17

Disclaimers: Please note that unaccepted ratings are not subject to the periodic monitoring/surveillance exercise and may not be representative of the current credit quality of the rated entity. Additionally ICRA Ratings should not be treated as recommendation to buy, sell or hold the rated debt instruments.

The' *' sign denotes that rating has been accepted. All accepted ratings are subject to a process of surveillance, which may warrant a revision in ratings. Please visit our website (https://www.icra.in) or contact any ICRA office for the latest information on ICRA outstanding Ratings. You may also refer to the current rating list (https://www.icra.in/Rating?RatingType=CR) published on ICRA website for further information on rated instrument. Page 6 ICRA Limited

S.No Rated Entity Rated Rating Instrument Amount assigned Type Rating assigned (INR month

crores) and year [ICRA]A1+(SO) Shrijee Sugar and Power Private 159 BLR 10 [ICRA]BB+(Stable) July-17 Limited 160 Spandana Sphoorty Financial Ltd. BLR 500 [ICRA]BBB-(Stable) July-17 161 Spandana Sphoorty Financial Ltd. NCD/Debt 30 [ICRA]BBB-(Stable) July-17 Satin Creditcare Network Structured 162 Finance PTC 46.84 Provisional[ICRA]A-(SO) June-17 Series A1 Madhucon Granites Limited* [ICRA]BB+(Stable)/ 163 BLR 133.73 Aug-17 [ICRA]A4+ Karnataka Water and Sanitation Provisional 164 NCD/Debt 173 July-17 Pooled Fund [ICRA]A+(SO)(Stable) 165 Aris Capital Private Limited BLR 10 [ICRA]BB+(Stable) July-17 Magnolia Martinique Clothing Pvt [ICRA]BB(Stable)/ 166 BLR 11 July-17 Ltd* [ICRA]A4 Jai Laxmi Cement Co. Private 167 BLR 6 [ICRA]B(Stable) Aug-17 Limited 168 JSW Terminal (Mormugao) Pvt Ltd Issuer Rating 0 IrA+(Stable) July-17 169 Midway Motors Pvt ltd BLR 5 [ICRA]B+(Stable) Aug-17 [ICRA]BB(Stable)/ 170 Kataria Plastics Private Limited BLR 38 Aug-17 [ICRA]A4+ [ICRA]B+(Stable)/ 171 M S Infraengineers Private Limited BLR 15 Aug-17 [ICRA]A4 172 B.K. Print and Pack* BLR 5.25 [ICRA]BB-(Stable) Aug-17

173 Mohan Enterprises BLR 219.78 [ICRA]BBB+(Stable) Aug-17 174 Supreme Batteries BLR 10.00 [ICRA]BB (Stable) / A4 Aug-17 Sahyadri Agro and Dairy Private 175 BLR 10.00 [ICRA]B+(Stable) Aug-17 Limited 176 Trigyn Technologies Limited BLR 25.00 [ICRA]BBB+(Stable) / Aug-17 [ICRA]A2 Tejas Constructions and 177 BLR 100.00 [ICRA]BB+(Stable)/ Aug-17 Infrastructure Private Limited [ICRA]A4+ 178 BMA Stainless Limited Issuer Rating 0 IrBBB+(Stable) Aug-17 Desai Infra Projects (India) Private 179 BLR 26.30 [ICRA]BB/A4+(Stable) Sep-17 Limited Bruhat Bengaluru Mahanagara 180 Issuer Rating 0 [ICRA]BB(Stable) Sep-17 Palike Amber Enterprises (India) Private 181 Issuer Rating 0 [ICRA]A- (Stable) Aug-17 Limited 182 Biharsharif Municipal Corporation Issuer Rating 0 [ICRA]BB-(Stable) Sep-17 Disclaimers: Please note that unaccepted ratings are not subject to the periodic monitoring/surveillance exercise and may not be representative of the current credit quality of the rated entity. Additionally ICRA Ratings should not be treated as recommendation to buy, sell or hold the rated debt instruments.

The' *' sign denotes that rating has been accepted. All accepted ratings are subject to a process of surveillance, which may warrant a revision in ratings. Please visit our website (https://www.icra.in) or contact any ICRA office for the latest information on ICRA outstanding Ratings. You may also refer to the current rating list (https://www.icra.in/Rating?RatingType=CR) published on ICRA website for further information on rated instrument. Page 7 ICRA Limited

S.No Rated Entity Rated Rating Instrument Amount assigned Type Rating assigned (INR month

crores) and year 183 Aurangabad Municipal Corporation Issuer Rating 0 [ICRA]B+(Stable) Sep-17 Harpreet Colour Vision Private 184 BLR 10.50 [ICRA]B+(Stable) assigned Jul-17 Limited 185 Renom Energy Services LLP* BLR 8.00 [ICRA]B+(stable)/[ICRA]A4 Sep-17 186 Ardom Telecom Private Limited Issuer Rating [ICRA]BBB-(Stable) Sep-17 187 Eneroil Offshore Drilling Limited BLR 15 [ICRA]BB(Stable)/[ICRA]A4+ Sep-17 Short term 188 United Telelinks (Bangalore) Limited – Non fund 300 [ICRA]A2+ Aug-17 based limits PIC International Metals & Alloys 189 BLR 10 [ICRAD] Sep-17 Private Limited 190 Grace infrastructure private limited BLR 142.10 [ICRA]A-(stable)/[ICRA]A2+ Sep-17 191 SJR Prime Spectrum Private Limited BLR 25 [ICRA]D Sep-17 192 Primeco Realty Private Limited BLR 40 [ICRA]B+(Stable) Sep-17 193 Nutra Specialties Private Limited BLR 8.76 [ICRA]BB+(Stable) Aug-17 194 VM & Co. BLR 10 [ICRA]D Aug-17 195 Mahadev Yarns Private Limited BLR 19 [ICRA]D/ [ICRA]D Sep-17 196 Mahadev Weaving Industries LLP BLR 12 [ICRA]D Sep-17 197 Roots Multiclean Limited BLR 33.25 [ICRA]A-(Stable)/A2+ Sep-17 [ICRA]BBB(Stable) / 198 Prafful Overseas Private Limited BLR 12.50 Sep-17 [ICRA]A3+ 199 Parakh Agro Industries Limited BLR 54 [ICRA]A-(Stable)/ [ICRA]A2+ Sep-17 200 Parakh Foods and Oils Limited BLR 37 [ICRA]A-(Stable)/ [ICRA]A2+ Sep-17 *Atharva Developers- Rating for 12.50 crore BLR limit is accepted. Refer to www.icra.in for rationale published on accepted rating

Disclaimers: Please note that unaccepted ratings are not subject to the periodic monitoring/surveillance exercise and may not be representative of the current credit quality of the rated entity. Additionally ICRA Ratings should not be treated as recommendation to buy, sell or hold the rated debt instruments.

The' *' sign denotes that rating has been accepted. All accepted ratings are subject to a process of surveillance, which may warrant a revision in ratings. Please visit our website (https://www.icra.in) or contact any ICRA office for the latest information on ICRA outstanding Ratings. You may also refer to the current rating list (https://www.icra.in/Rating?RatingType=CR) published on ICRA website for further information on rated instrument. Page 8 ICRA Limited

Registered Office ICRA Limited 1105, Kailash Building, 11th Floor, 26, Kasturba Gandhi Marg, New Delhi 110001 Tel: +91-11-23357940-50, Fax: +91-11-23357014

Corporate Office Mr. Vivek Mathur Mobile: +91 9871221122 Email: [email protected]

Building No. 8, 2nd Floor, Tower A, DLF Cyber City, Phase II, Gurgaon 122002 Ph: +91-124-4545310 (D), 4545300 / 4545800 (B) Fax; +91- 124-4050424

Mumbai Kolkata Mr. L. Shivakumar Mr. Jayanta Roy Mobile: +91 9821086490 Mobile: +91 9903394664 Email: [email protected] Email: [email protected]

3rd Floor, Electric Mansion A-10 & 11, 3rd Floor, FMC Fortuna Appasaheb Marathe Marg, Prabhadevi 234/3A, A.J.C. Bose Road Mumbai—400025, Kolkata—700020 Board : +91-22-61796300; Fax: +91-22-24331390 Tel +91-33-22876617/8839 22800008/22831411, Fax +91-33-22870728 Chennai Bangalore Mr. Jayanta Chatterjee Mr. Jayanta Chatterjee Mobile: +91 9845022459 Mobile: +91 9845022459 Email: [email protected] Email: [email protected]

5th Floor, Karumuttu Centre 'The Millenia' 634 Anna Salai, Nandanam Tower B, Unit No. 1004,10th Floor, Level 2 12-14, 1 & 2, Chennai—600035 Murphy Road, Bangalore 560 008 Tel: +91-44-45964300; Fax: +91-44 24343663 Tel: +91-80-43326400; Fax: +91-80-43326409 Ahmedabad Pune Mr. L. Shivakumar Mr. L. Shivakumar Mobile: +91 9821086490 Mobile: +91 9821086490 Email: [email protected] Email: [email protected]

907 & 908 Sakar -II, Ellisbridge, 5A, 5th Floor, Symphony, S.No. 210, CTS 3202, Range Ahmedabad- 380006 Hills Road, Shivajinagar,Pune-411 020 Tel: +91-79-26585049, 26585494, 26584924; Fax: Tel: + 91-20-25561194-25560196; Fax: +91-20- +91-79-25569231 25561231 Hyderabad Mr. Jayanta Chatterjee Mobile: +91 9845022459 Email: [email protected]

4th Floor, Shobhan, 6-3-927/A&B. Somajiguda, Raj Bhavan Road, Hyderabad—500083 Tel:- +91-40-40676500

Disclaimers: Please note that unaccepted ratings are not subject to the periodic monitoring/surveillance exercise and may not be representative of the current credit quality of the rated entity. Additionally ICRA Ratings should not be treated as recommendation to buy, sell or hold the rated debt instruments.

The' *' sign denotes that rating has been accepted. All accepted ratings are subject to a process of surveillance, which may warrant a revision in ratings. Please visit our website (https://www.icra.in) or contact any ICRA office for the latest information on ICRA outstanding Ratings. You may also refer to the current rating list (https://www.icra.in/Rating?RatingType=CR) published on ICRA website for further information on rated instrument. Page 9