Annexure IV Movement of each rating that has moved more than one Notch Rating Movement more than one Notch between October 2015 to March 2016 Long Term Sr. No. Name of the Issuer Rating prior to revision Rating post revision Notch Difference 1 Admiron Life Sciences Private Limited CARE BB- CARE D 7 2 Admiron Life Sciences Private Limited CARE D CARE B+ 6 3 Aerocon Buildwell Private Limited CARE B CARE D 5 4 Ainaj Industries CARE B+ CARE D 5 AMCL Machinery Limited CARE BBB- (SO) CARE BB (SO) 2 6 Amrit Fresh Private Limited CARE BB CARE D 8 7 Anaya Gems Inc. CARE BBB- CARE BB @ 2 8 Andhra Cements Limited CARE BBB- CARE D 10 3 6 9 Andhra Expressway Limited CARE AA CARE A 10 Antrix Diamond Exports Private Limited CARE BBB- CARE BB 2 11 Apollo Zipper India Limited CARE BBB- (SO) CARE D 10 12 Apollo Zipper India Limited CARE D CARE B (SO) 5 13 Arcadia Shipping Limited CARE BBB- CARE BB 2 14 Ardent Steel Limited CARE BBB+ CARE BBB- 2 15 Arka Leisure & Entertainments Private Limited CARE B+ CARE D 6 16 Arkay Energy (Rameswarm) Limited CARE BBB CARE D 11 17 Arkay Energy (Rameswarm) Limited CARE D CARE BB- 7 18 Arwade Infrastructure Limited CARE BB- CARE BB+ 2 19 AS Nutra Tech Private Limited CARE BB CARE B 3 20 Ashapura Intimates Fashion Limited CARE BBB- CARE BBB+ 2 21 Ashtavinayak Auto Private Limited CARE BB- CARE D 7 22 Associated Alcohols & Breweries Limited CARE BBB- CARE BBB+ 2 23 Atra Pharmaceuticals Limited CARE B+ CARE D 6 24 Avaya Industries Limited CARE BB CARE D 8 25 AVK Automall Private Limited CARE BB- CARE D 7 26 AVK Automart Private Limited CARE BB- CARE D 7 27 Badhri Spinning Mills Private Limited CARE B- CARE D 4 28 Bajaj Basmati Private Limited CARE BB- CARE D 7 29 Bajwa Gram Udyog Samiti CARE B CARE D 5 30 Bala Industries and Entertainment Private Limited CARE A- (SO) CARE BBB (SO) 2 31 Bank of India CARE AA+ CARE AA- 2 32 Bharat Hotels Limited CARE BBB- CARE D 10 33 Bharat Hotels Limited CARE D CARE B 5 34 Bhushan Energy Limited CARE BB CARE B 3 35 Bhushan Steel Limited CARE BB @ CARE D 8 36 Biological E. Limited CARE A+ CARE AA 2 37 Bodal Chemicals Limited CARE BBB- CARE BBB+ 2 38 BSR Cancer Hospital Private Limited CARE BBB- (SO) CARE D 10 39 BSR Diagnostic Limited CARE BBB- (SO) CARE D 10 40 BSR Superspeciality Hospitals Limited CARE BBB- CARE D 10 41 Camson Agri - Ventures Private Limited CARE BBB (SO) @ CARE BB (SO) 3 42 CFC Carriers Private Limited CARE BBB- CARE BB 2 43 Chaudhary Ingots Private Limited CARE BB- CARE D 7 44 Chetak Enterprises Limited CARE A- CARE A+ 2 45 Chetak Jainco Tollways Limited CARE A- (SO) CARE A+ (SO) 2 46 Chetak Mitra Tollways Limited CARE A- (SO) CARE A+ (SO) 2 47 Chhattisgarh Steel & Power Limited CARE B+ CARE D 6 48 CHL Limited CARE BB CARE D 8 49 Comet Granito Private Limited CARE B CARE BB- 2 50 Convention Hotels India Private Limited CARE B+ CARE D 6 51 Coral Ceramic Private Limited CARE BB CARE BBB- 2 52 Coral Plus Ceramic Private Limited CARE BB CARE BBB- 2 53 Coromandel Sugars Limited CARE BBB- (SO) CARE BBB+ (SO) 2 54 Corum Hospitality CARE BB CARE D 8 55 Dashmesh Rice Mills_(Dasuya) CARE B CARE D 5 56 Delhi Duty Free Services Private Limited CARE A- CARE A+ 2 57 Dena Bank CARE AA- CARE A 2 58 Dena Bank CARE A+ CARE BBB+ 3 1 Sr. No. Name of the Issuer Rating prior to revision Rating post revision Notch Difference 59 Dhroov Resorts CARE B CARE D 5 60 Diamond Hometex India Private Limited CARE B CARE BB- 2 61 Dighi Port Limited CARE B+ CARE D 6 62 Divya Agro Roller Flour Mills Private limited CARE B+ CARE D 6 63 Divyaratna Agrotech Private Limited CARE BB- CARE D 7 64 Earth Stahl and Alloys Private Limited CARE BB- CARE D 7 65 Eastern Hatcheries Private Limited CARE BBB+ (SO) CARE BBB- (SO) 2 66 ECA Infrastructure India Private Limited CARE A- (SO) CARE A+ (SO) 2 67 Eco Tech Papers CARE BB- (Is) CARE BB+ (Is) 2 68 Electrosteel Castings Limited CARE AA- CARE A 2 69 Elite Infra Projects Private Limited CARE BB CARE D 8 70 Elora Cotton Industries CARE B+ CARE D 6 71 Emaar MGF Land Limited CARE BB CARE B 3 72 Emaar MGF Land Limited CARE BB CARE D 8 73 Energo Engineering Projects Limited CARE BBB CARE BB 3 74 Ennore Tank Terminals Private Limited CARE A CARE AA- 2 75 Eros International Media Limited CARE AA- CARE A @ 76 ESS DEE Aluminium Limited CARE BBB- CARE D 10 77 Etco Denim Private Limited CARE D CARE C 2 78 Etco Industries Private Limited CARE D CARE C 2 79 Everest Kanto Cylinder Limited CARE D CARE C 2 80 Everest Kanto Cylinder Limited CARE C CARE D 2 81 Ezone Strips Private Limited CARE BB CARE D 8 82 Fabworth Promoters Private Limited CARE BB+ CARE D 9 83 Fabworth Promoters Private Limited CARE D CARE BB- 7 84 Faery Estates Private Limited CARE AA- (SO) @ CARE A- 3 85 Faery Estates Private Limited Provisional CARE AA- @ CARE A- 3 86 Faery Estates Private Limited Provisional CARE AA- (SO) @ Provisional CARE A- 3 87 FE India Limited CARE BBB- CARE D 10 88 Firestar Diamond BVBA CARE BBB+ (SO) CARE BBB- (SO) 2 89 Firestar Diamond BVBA Provisional CARE BBB+ (SO) Provisional CARE BBB- (SO) 2 90 Firestar Diamond International Private Limited CARE BBB+ (SO) CARE BBB- (SO) 2 91 Firestar Diamond International Private Limited Provisional CARE BBB+ (SO) Provisional CARE BBB- (SO) 2 92 Firestar Diamond Limited CARE BBB+ (SO) CARE BBB- (SO) 2 93 Firestar Diamond Limited Provisional CARE BBB+ (SO) Provisional CARE BBB- (SO) 2 94 Firestar International Private Limited CARE BBB+ (SO) CARE BBB- (SO) 2 95 Firestar International Private Limited Provisional CARE BBB+ (SO) Provisional CARE BBB- (SO) 2 96 Flora Marmo Industries Private Limited CARE B+ CARE BB 2 97 Fountain Imports Private Limited CARE BB- CARE D 7 98 Friends Salt Works & Allied Industries CARE BBB- CARE BBB+ 2 99 Gajra Gears Private Limited CARE B+ CARE C 4 100 Gajra Gears Private Limited CARE B+ CARE D 6 101 Gajraj Hotel Private Limited CARE C CARE D 2 102 Galaxy Construction and Contractor Private Limited CARE BB CARE D 8 103 Gati Infrastructure Bhasmey Power Private Limited CARE D CARE B 5 104 Gati Infrastructure Private Limited CARE BB- CARE D 7 105 Gayatri Bioorganics Limited CARE B CARE D 5 106 Gayatri Projects Limited CARE B+ CARE D 6 107 Gayatri Projects Limited CARE D CARE B 5 108 GCL Private Limited CARE B CARE D 5 109 Gemco Energy Limited CARE B+ CARE BB 2 110 Gemini Consolidated Projects Private Limited CARE B+ (SO) CARE D 6 111 Gemini Equipment And Rentals Private Limited CARE BB+ CARE C 7 112 Gillanders Arbuthnot and Company Limited CARE A (FD) CARE BBB+ (FD) 2 113 Global Offshore Services Limited CARE AA- CARE A 2 114 Graintech Foods India Private Limited CARE D CARE B 5 115 Gripwell Tools Industries CARE BB- CARE BB+ 2 116 GSPC Pipavav Power Company Limited CARE BB CARE BBB- 2 117 GTN Enterprises Limited CARE BB CARE D 8 118 GTN Textiles Limited CARE BB- CARE D 7 119 GVK Power & Infrastructure Limited CARE BBB+ CARE D 12 120 GVK Power & Infrastructure Limited CARE D CARE BB 8 2 2 Sr. No. Name of the Issuer Rating prior to revision Rating post revision Notch Difference 121 GVK Power (Goindwal Sahib) Limited CARE BB CARE D 8 122 GVK Transportation Private Limited CARE BBB+ (SO) CARE BB (SO) 4 123 H. K. Designs India CARE BBB+ CARE A 2 124 HES Infra Private Limited CARE BBB- CARE BBB+ 2 125 Hi Reach Construction Equipments Private Limited CARE B CARE BB- 2 126 High Energy Batteries India Limited CARE BB CARE D 8 127 Himadri Chemicals & Industries Limited CARE A+ CARE A- 2 128 Himalayan Expressway Limited CARE BBB- CARE BB 2 129 Hind Agro Industries Limited CARE BB- CARE D 7 130 Hind Industries Limited CARE BB- CARE D 7 131 Hindupur Steel And Alloys Private Limited CARE B CARE BB- 2 132 Hindustan Organic Chemicals Limited CARE D CARE AAA (SO) 19 133 Hindusthan National Glass and Industries Limited CARE BBB- CARE BB 2 134 Housing Development Finance Corporation Limited - Securitisation CARE BBB (SO) CARE A+ (SO) 4 135 IND-Barath Energy (Utkal) Limited. CARE BB+ CARE D 9 136 Ind-Barath Powergencom Limited CARE BB+ CARE D 9 137 Ind-Barath Thermotek Private Limited CARE BB+ CARE B+ 3 138 Independent News Service Private Limited CARE BBB+ CARE A 2 139 India Land Infrastructure Development Private Limited CARE BBB+ CARE A 2 140 Indiabulls Financial Services Limited - Securitisation CARE BBB (SO) CARE A+ (SO) 4 141 Indian Cane Power Limited CARE BB+ CARE D 9 142 Indian Hospitex Private Limited CARE BBB+ (SO) @ CARE BB+ 3 143 Indian Overseas Bank CARE AA- CARE A- 3 144 Indian Overseas Bank CARE A- CARE BBB 2 145 Integrated Live Stock Village Farm Private Limited CARE BB- (SO) CARE D 7 146 Jagat Agro Commodities Private Limited CARE BBB- CARE D 10 147 Jaiprakash Power Ventures Limited CARE BB CARE B 3 148 Jaiprakash Power Ventures Limited CARE BB CARE D 8 149 Jaipur Mahua Tollway Private Limited CARE A CARE AA- 2 150 Janki Corp Limited CARE B+ CARE D 6 151 Jas Toll Road Company Limited CARE BBB- CARE BB 2 152 Jaypee Cement Coporation Limited CARE BB CARE D 8 153 Jaypee Healthcare Limited CARE BBB- CARE BB 2 154 Jindal Steel And Power Limited CARE A CARE BBB+ 2 155 Jindal Steel And Power Limited CARE BBB+ CARE BB+ 3 156 Jindal Steel And Power Limited CARE BB+ CARE D 9 157 Jiya Eco Products Limited CARE BB CARE BBB- 2 158 Jogvick Manufacturing & Trading Private Limited CARE BB+ CARE D 9 159 Johal & Company (Wine Sales) Private Limited CARE BB+ CARE D 9 160 JSR Mulbagal Tollways Private Limited CARE BB- CARE D 7 161 Jyoti Limited CARE C CARE D 2 162 Kamineni Health Care Private Limited CARE BB CARE D 8 163 Kamineni Steel & Power India Private Limited CARE BB- CARE D 7 164 Kapsons Industries Limited CARE B+ CARE D 6 165 Khalghat Sendhwa Tollways Private Limited CARE BBB CARE A- 2 166 Khalghat Sendhwa Tollways Private Limited CARE BBB- CARE BBB+ 2 167 Kopalle Pharma Chemicals Private Limited CARE B CARE BB 3 168 Kosamattam Finance Limited CARE BBB- CARE BB 2 169 Krishnapatnam Port Company Limited CARE BBB- CARE A 4 170 KSM Spinning Mills Limited CARE BB+ CARE D 9 171 Kujjal Builders Private Limited CARE BBB- (SO) CARE D 10 172 Kujjal Builders Private Limited CARE D CARE B (SO) 5 173 Kulkarni Power Tools Limited CARE BB- CARE B 2 174 Lavasa Hotels Limited CARE B CARE D 5 175 Maa Tarini Industries Limited CARE BB- CARE D 7 176 Maa Usha Urja Limited CARE BBB- CARE BB 2 177 Madan's Wine Stores Private Limited CARE BB+ CARE D 9 178 Madhav (Phool Sagar Niwas Shahpura Corridor) Highways Private Limited CARE BBB (SO) CARE A- 2 179 Madhav (Sehora Silodi Corridor) Highways Private Limited CARE BBB (SO) CARE A- 2 180 Madhusala Drinks Private Limited CARE BB+ CARE D 9 181 Magadh Micro Towers and Transmission Private Limited CARE C CARE B 3 182 Mahavir Foods CARE B- CARE D 4 183 Mahi Granites Private Limited CARE BB CARE BBB- 2 3 Sr. No. Name of the Issuer Rating prior to revision Rating post revision Notch Difference 184 Mangal Shanti Development Corporation CARE B CARE D 5 185 Mayar Health Resorts Limited CARE D CARE B+ 6 186 MBE Coal & Mineral Technology India Private Limited CARE BBB (SO) @ CARE BB+ (SO) 2 187 McNally Bharat Engineering Company Limited CARE BBB- (RPS) @ CARE BB (RPS) 2 188 McNally Bharat Engineering Company Limited CARE BBB @ CARE BB+ 2 189 McNally Sayaji Engineering Limited CARE BBB- @ CARE BB 2 190 McNally Sayaji Engineering Limited CARE BBB (SO) @ CARE BB+ (SO) 2 191 McNally Sayaji Engineering Limited CARE BBB CARE BB 3 192 Mojj Engineering Systems Limited CARE BB- CARE BB+ 2 193 Mukesh Strips Limited CARE B CARE D 5 194 MWV India Paperboard Packaging Private Limited CARE A+ CARE A- 2 195 Navbharat Explosive Company Limited CARE BB CARE B+ 2 196 Navbharat Fuse Company Limited CARE BB CARE B+ 2 197 Navi Mumbai SEZ Private Limited CARE A CARE AA 3 198 Nayaab Jewels CARE D CARE B 5 199 Nexgen Laminators Private Limited CARE BB- CARE D 7 200 Nidhi Mercantiles Limited CARE B+ CARE BB 2 201 Nilkanth Chawal Mills Private Limited CARE BB CARE D 8 202 Nimbus Pipes Limited CARE D CARE B- 4 203 NSL Cotton Corporation Private Limited CARE B+ CARE B- 2 204 NSP BVSR KP Road Projects Private Limited CARE BBB- CARE BBB+ 2 205 NSP Variegate PP Road Projects Private Limited CARE BBB- CARE BBB+ 2 206 NSP Variegate RG Road Projects Private Limited CARE BBB- CARE BBB+ 2 207 NuPower Renewables Private Limited CARE BBB CARE D 11 208 Nuziveedu Swathi Coastal Consortium CARE B+ CARE D 6 209 NV International Private Limited CARE BB- CARE D 7 210 Om Besco Rail Products Limited CARE BBB- CARE BB 2 211 Omicron Power Engineers Private Limited CARE B+ CARE C 4 212 Ongole Arogya Hospitals Private Limited CARE BB CARE D 8 213 Origin Formulations Private Limited CARE B CARE BB- 2 214 Oswal Extrusion Limited CARE BBB- CARE BB 2 215 Oswal Spinning and Weaving Mills Limited CARE C CARE D 2 216 PAE Limited CARE B+ CARE D 6 217 Panacea Biotec Limited CARE D CARE B- 4 218 Panyam Cements and Mineral Industries Limited CARE D CARE C 2 219 Panyam Cements and Mineral Industries Limited CARE C CARE B- 2 220 Paras Ram Textiles Private Limited CARE C CARE B+ 4 221 Parenteral Surgicals Limited CARE B CARE D 5 222 Patanjali Ayurved Limited CARE BBB+ CARE A 2 223 Patel Jiva Sales Private Limited CARE B- CARE B+ 2 224 Patna Highway Projects Limited CARE BB CARE B 3 225 Patspin India Limited CARE B+ CARE D 6 226 Patspin India Limited CARE B+ CARE C 4 227 Plastene India Limited CARE BBB- CARE BB 2 228 Prakash Industries Limited CARE B (Is) CARE D (Is) 5 229 Pravara Renewable Energy Limited CARE BBB- CARE B 5 230 Pravin Buildtech Private Limited CARE D CARE B 5 231 Premier Limited CARE BB CARE D 8 232 Premier Limited CARE BB (FD) CARE D (FD) 8 233 Prince Marine Transport Services Private Limited CARE B CARE C 3 234 Prince Marine Transport Services Private Limited CARE B CARE D 5 235 Provogue (India) Limited CARE BBB CARE D 11 236 Punjab Lighting Industries Limited CARE BB CARE D 8 237 R S K Industries Private Limited CARE D CARE BB- 7 238 Radheyshyam Agrawal CARE BB CARE BBB- 2 239 Radico NV Distilleries Maharashtra Limited CARE BBB CARE A 3 240 Raebareilly Allahabad Highway Private Limited CARE BB CARE D 8 241 Rainbow Papers Limited CARE BBB CARE BB+ 2 242 Rajahmundry Expressway Limited CARE AA CARE A 3 243 Rajahmundry Godavari Bridge Limited CARE BBB- CARE D 10 244 Rajuri Steel & Alloys Private Limited CARE B CARE D 5 245 Rama Handicrafts CARE D CARE BB- 7 246 Ramakrishna Electronics_(Kurnool) CARE B+ CARE D 6 4 Sr. No. Name of the Issuer Rating prior to revision Rating post revision Notch Difference 247 Ramani Ice Cream Company Limited CARE BBB- CARE BBB+ 2 248 Ratnagarbha Agro Private Limited CARE BB- CARE D 7 249 RCL Paper and Packagings Limited CARE BB CARE D 8 250 Redstone Granito Private Limited CARE B+ CARE BB 2 251 Reengus Sikar Expressway Limited CARE BBB+ CARE A+ 3 252 Rolex Processors Private Limited CARE B CARE BB- 2 253 Ruchi Malls Private Limited CARE BB+ CARE BBB 2 254 S.Pal Enterprises Private Limited CARE B CARE BB- 2 255 Sahaj e-Village Limited CARE A- (SO) CARE A+ (SO) 2 256 Saisudhir Energy Limited CARE B+ CARE D 6 257 Sakrat Texfab Private Limited CARE D CARE B 5 258 Sar Senapati Santaji Ghorpade Sugar Factory Limited CARE D CARE B- 4 259 Sarda Metal & Alloys Limited CARE BBB CARE BB+ 2 260 Sarvesh Agencies Private Limited CARE B+ CARE D 6 261 Satyanarayan Tea Company Private Limited CARE BB+ CARE B 4 262 Scan Steels Limited CARE B+ CARE D 6 263 Scan Steels Limited CARE B+ (FD) CARE D (FD) 6 264 Scholar International Educational Foundation CARE B+ CARE D 6 265 SE Forge Limited CARE D CARE BBB- 10 266 Semler Research Center Private Limited CARE BB- CARE BB+ 2 267 Senthil Papers and Boards Private Limited CARE BB+ CARE D 9 268 Shapoorji Pallonji Forbes Shipping Limited CARE A (SO) CARE AA (SO) 3 269 Sharon Bio-Medicine Limited CARE BB CARE B+ 2 270 Shiv Shipping Services CARE BB- CARE BB+ 2 271 Shiva Cement Limited CARE BBB CARE BB 3 272 Shiva Satya Hotels Private Limited CARE D CARE B 5 273 Shivom Minerals Limited CARE BBB- CARE BB- 3 274 Shree Balaji Texspin Private Limited CARE B+ CARE D 6 275 Shree Bhimeshwari Ispat Private Limited CARE BB CARE D 8 276 Shree Mandvi Vibhag Sahakari Khand Udhyog Mandli Limited CARE BB CARE D 8 277 Shree Siddhivinayak Ispat Private Limited CARE BB CARE D 8 278 Shri Mahavir Ferro Alloys Private Limited CARE B+ CARE D 6 279 Sidhi Vinayak Rice Mills CARE B CARE D 5 280 Simplex Engineering & Foundry Works Private Limited CARE BBB+ CARE BBB- 2 5 Sr. No. Name of the Issuer Rating prior to revision Rating post revision Notch Difference 281 Sipping Spirits Private Limited CARE BB CARE B+ 2 282 Sirius Infra Projects Private Limited CARE BB+ CARE D 9 283 Sitaram Maharaj Sakhar Karkhana (Khardi) Limited CARE B CARE D 5 284 SNS Starch Limited CARE B- CARE B+ 2 285 Sobhagia Clothing Company CARE BB CARE BBB- 2 286 SPC Chetak Tollways Private Limited CARE A- (SO) CARE A+ (SO) 2 287 SQ Squeezers Private Limited CARE B CARE D 5 288 Sri Ram Cables Private Limited CARE B CARE BB- 2 289 Srinivasa Steel Products CARE B+ CARE D 6 290 SRK Group CARE B+ CARE BB 2 291 SSAB Energy & Minerals Limited CARE BBB- CARE D 10 292 Sterling Gated Community Private Limited CARE BB+ CARE D 9 293 Sukh Sagar Motors Private Limited CARE B+ CARE D 6 294 Sunlex Fabrics Private Limited CARE B CARE BB- 2 295 Suryajyoti Spinning Mills Limited CARE B- CARE D 4 296 Swathy Smart Cards Hi-Tech Private Limited CARE BB CARE D 8 297 Tangnu Romai Power Generation Private Limited CARE B CARE D 5 298 Tara Jewels Limited CARE BBB+ CARE BB 4 299 Tarachand International Private Limited CARE B CARE D 5 300 Tarendra Infrastructure Chennai Private Limited CARE BB CARE B 3 301 Tata Blue Scope Steel Limited CARE BBB+ CARE A 2 302 TCG Hamilton India Limited CARE A- CARE BB 5 303 Terra Infra Development Limited CARE BB- CARE B 2 304 The Mobile Store Services Limited CARE B+ CARE D 6 305 The Mobile Store Services Limited CARE D CARE B+ 6 306 The Ruby Mills Limited CARE BB- CARE D 7 307 TRF Limited CARE A+ CARE A- 2 308 Tropical Agrosystem (India) Private Limited CARE BBB- CARE BBB+ 2 309 Truba Advance Sciences Kombine CARE B CARE D 5 310 U. C. Jain Foundation Trust CARE B CARE D 5 311 UIC Udyog Limited CARE B- CARE D 4 312 Umang Boards Private Limited CARE B CARE BB- 2 313 Unique Estates Development Company Limited CARE A CARE AA- 2 314 Unique Estates Development Company Limited CARE A (FD) CARE AA- (FD) 2 315 United Infraventures Limited CARE C CARE B 3 316 Unity Jewels CARE BBB+ CARE A 2 317 Urjankur Shree Datta Power Company Limited CARE BBB CARE A- 2 318 Usher Agro Limited CARE BBB+ CARE D 12 319 Uttara Foods and Feeds Private Limited CARE A- (SO) CARE D 13 320 Uttara Impex Private Limited CARE A- (SO) CARE BBB (SO) 2 321 Val Pack Solutions Private Limited CARE B- CARE B+ 2 322 Vasavi Power Services Private Limited CARE BB CARE D 8 323 Vasishta Constructions Private Limited CARE D CARE C 2 324 Vasishta Constructions Private Limited CARE C CARE BB 6 325 Venkateshwara Hatcheries Private Limited CARE A- CARE BBB 2 326 Venky's India Limited CARE A- CARE BBB 2 327 Vesta Equipment Private Limited CARE B+ CARE D 6 328 Victory Ceratech Private Limited CARE BB- CARE BB+ 2 329 Videocon d2h Limited CARE A- CARE D 13 330 Videocon d2h Limited CARE D CARE BBB+ 12 331 Virat Spinners Private Limited CARE B+ CARE BB 2 332 Visa Power Limited CARE B+ CARE D 6 333 Vishwa Infrastructures and Services Private Limited CARE B CARE D 5 334 Vitthal Corporation Limited CARE B CARE BB- 2 335 Walchandnagar Industries Limited CARE BBB+ CARE BBB- 2 336 Welmade Locking Systems Private Limited CARE BBB CARE A- 2 337 Whistle Media Network Private Limited CARE B CARE BB- 2 338 Whitelotus Industries Limited CARE D CARE C 2 339 Win-Stone Industries (India) Private Limited CARE D CARE C 2 340 Win-Tel Ceramics Private Limited CARE B CARE BB 3 341 Yash Knitwear CARE B CARE BB- 2 6 Rating prior to revision Sr. No. Name of the Issuer Rating post revision Notch Difference Rating post revision Notch Difference Rating Movement more than one Notch between October 2015 to March 2016 Short Term Sr. No. Name of the Issuer Rating prior to revision 1 AKA Logistics Private Limited CARE A3+ CARE A2+ 2 2 Ambuja Intermediates Limited CARE A3+ CARE A2+ 2 3 AMCL Machinery Limited CARE A3 (SO) CARE A4 (SO) 2 4 Ami Lifesciences Private Limited CARE A4 CARE A3 2 5 Andhra Cements Limited CARE A3 CARE D 3 6 Anjaney Ferro Alloys Limited CARE A2 CARE A1 2 7 Antrix Diamond Exports Private Limited CARE A3 CARE A4 @ 2 8 Arani Argo Oil Industries Private Limited CARE A3 CARE A4 2 9 Arcadia Shipping Limited CARE A3 CARE A4 2 10 Arkay Energy (Rameswarm) Limited CARE A3+ CARE D 4 11 Associated Alcohols & Breweries Limited CARE A3 CARE A2 2 12 Bharat Hotels Limited CARE A3 CARE D 3 13 Bodal Chemicals Limited CARE A3 CARE A2 2 14 BPS Industries CARE A3 (SO) CARE A4 (SO) 2 15 BSR Cancer Hospital Private Limited CARE A3 (SO) CARE D 3 16 BSR Diagnostic Limited CARE A3 (SO) CARE D 3 17 Camson Agri - Ventures Private Limited CARE A3 (SO) @ CARE A4 (SO) 2 18 Chetak Enterprises Limited CARE A2+ CARE A1+ 2 19 Chetak Mitra Tollways Limited CARE A2+ (SO) CARE A1+ (SO) 2 20 Coral Ceramic Private Limited CARE A4 CARE A3 2 21 Coral Plus Ceramic Private Limited CARE A4 CARE A3 2 22 Creative Chain Stores Private Limited CARE A4 CARE A3 2 23 Delhi Duty Free Services Private Limited CARE A2+ CARE A1+ 2 24 Drake and Scull Water and Energy Private Limited CARE A1 (SO) CARE A3+ (SO) 3 25 Eastern Hatcheries Private Limited CARE A2+ (SO) CARE A3+ (SO) 2 26 Eastern Hatcheries Private Limited CARE A2 (SO) CARE A3 (SO) 2 27 ECA Infrastructure India Private Limited CARE A2+ (SO) CARE A1+ (SO) 2 28 Energo Engineering Projects Limited CARE A3+ CARE A4 3 29 Eros International Media Limited CARE A1+ CARE A2+ @ 2 30 ESS DEE Aluminium Limited CARE A3 CARE D 3 31 FE India Limited CARE A3 CARE D 3 32 Firestar Diamond FZE CARE A2 CARE A3 2 33 Firestar Diamond FZE CARE A2 (SO) CARE A3 (SO) 2 34 Firestar Diamond FZE Provisional CARE A2 (SO) Provisional CARE A3 (SO) 2 35 Firestar Diamond International Private Limited CARE A2 (SO) CARE A3 (SO) 2 36 Firestar Diamond International Private Limited Provisional CARE A2 (SO) Provisional CARE A3 (SO) 2 37 Firestar International Private Limited CARE A2 (SO) CARE A3 (SO) 2 38 Firestar International Private Limited Provisional CARE A2 (SO) Provisional CARE A3 (SO) 2 39 Gillanders Arbuthnot and Company Limited CARE A2+ CARE A3+ 2 40 GJS Infratech Private Limited CARE A4 CARE A3 2 41 Global Offshore Services Limited CARE A1+ CARE A2+ 2 42 Glochem Industries Limited CARE A4 CARE A3 2 43 GSPC Pipavav Power Company Limited CARE A4 CARE A3 2 44 GVK Power & Infrastructure Limited CARE A3+ CARE D 4 45 GVK Transportation Private Limited CARE A3+ (SO) CARE A4 (SO) 3 46 H. K. Designs India CARE A3+ CARE A2+ 2 47 Himachal Futuristic Communications Limited CARE A3 CARE A2+ 3 48 Himadri Chemicals & Industries Limited CARE A1+ CARE A2+ 2 49 Hindusthan National Glass and Industries Limited CARE A3 CARE A4 2 50 Ind-Barath Powergencom Limited CARE A4+ CARE D 2 51 Independent News Service Private Limited CARE A2 CARE A1 2 52 Jagat Agro Commodities Private Limited CARE A3 CARE D 3 53 Jay Chemical Industries Limited CARE A2+ CARE A1+ 2 54 Jindal Steel And Power Limited CARE A2+ CARE A3+ 2 55 Jindal Steel And Power Limited CARE A3+ CARE A4+ 2 56 Jindal Steel And Power Limited CARE A4+ CARE D 2 57 Jogvick Manufacturing & Trading Private Limited CARE A4+ CARE D 2 58 JSIW Infrastructure Private Limited CARE A3+ CARE A2+ 2 7 Sr. No. Name of the Issuer Rating prior to revision Rating post revision Notch Difference 59 Krishnapatnam Port Company Limited CARE A3 CARE A1 4 60 KSM Spinning Mills Limited CARE A4+ CARE D 2 61 Madhav (Phool Sagar Niwas Shahpura Corridor) Highways Private Limited CARE A3+ (SO) CARE A2+ 2 62 Madhusala Drinks Private Limited CARE A4+ CARE D 2 63 Mahi Granites Private Limited CARE A4 CARE A3 2 64 McNally Bharat Engineering Company Limited CARE A3+ @ CARE A4+ 2 65 McNally Sayaji Engineering Limited CARE A3 @ CARE A4 2 66 Oswal Extrusion Limited CARE A3 CARE A4 2 67 P.N. Gadgil and Sons CARE A3+ CARE A2+ 2 68 Passavant Energy and Environment India Private Limited CARE A1 (SO) CARE A3+ (SO) 3 69 Patanjali Ayurved Limited CARE A3+ CARE A1 3 70 Plastene India Limited CARE A3 CARE A4 2 71 Provogue (India) Limited CARE A3 CARE D 3 72 Radheyshyam Agrawal CARE A4 CARE A3 2 73 Radico NV Distilleries Maharashtra Limited CARE A3+ CARE A1 3 74 Rainbow Papers Limited CARE A3+ CARE A4+ 2 75 Real Strips Limited CARE A3 CARE A4 2 76 S.E. Power Limited CARE A3 CARE A4 2 77 S.K.P. Bearing Industries CARE A4 CARE A3 2 78 Sarda Metal & Alloys Limited CARE A3+ CARE A4+ 2 79 SE Forge Limited CARE D CARE A3 3 80 Senthil Papers and Boards Private Limited CARE A4+ CARE D 2 81 Shendra Green Energy Limited CARE A2 (SO) CARE A1 (SO) 2 82 Shiva Cement Limited CARE A3 CARE A4 2 83 Simplex Engineering & Foundry Works Private Limited CARE A2 CARE A3 2 84 Sirius Infra Projects Private Limited CARE A4+ CARE D 2 85 SPC Chetak Tollways Private Limited CARE A2+ (SO) CARE A1+ (SO) 2 86 Strata Geosystems India Private Limited CARE A3+ CARE A2+ 2 87 Tara Jewels Limited CARE A2 CARE A4 4 88 Tata Blue Scope Steel Limited CARE A2 CARE A1 2 89 TIL Limited CARE A2+ CARE A3+ 2 90 TRF Limited CARE A1+ CARE A2+ 2 91 Tritan Leather Works Private Limited CARE A3 CARE A4 2 92 Usha Martin Limited CARE A1 CARE A3+ 3 93 Usher Agro Limited CARE A3+ CARE D 4 94 Uttara Foods and Feeds Private Limited CARE A2+ (SO) CARE D 6 95 Uttara Impex Private Limited CARE A2+ (SO) CARE A3+ (SO) 2 96 Venkateshwara Hatcheries Private Limited CARE A2+ CARE A3+ 2 97 Venky's India Limited CARE A2+ CARE A3+ 2 98 Walchandnagar Industries Limited CARE A2 CARE A3 2 99 Welmade Locking Systems Private Limited CARE A3+ CARE A2+ 2 100 Welspun Captive Power Generation Limited CARE A3+ CARE A2+ 2 @ Under Credit Watch 8