Crisil Sme Connect May11

The connection to opportunities

Volume: 29 | May 2011

A newsletter from CRISIL SME Ratings

CRISIL

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CRISIL SME Connect

Mr.Hebbar (Sr.Editor - Dare magazine) presenting a

memento to Mr. Kashif Khan at Nashik

Mr. Kashif Khan - Manager, SME Ratings (first from right)

at the Cyber Media (DARE) Event at Nashik

Ms. Roopa Kudva - MD & CEO, CRISIL Ltd and Mr. Ramraj

Pai, Director - Ratings presenting the 20000th ratings

certificate to Mr.Binoj Cheiren (STJ Electronics PVT LTD.)

Mr. Ramraj Pai, Director - Ratings (4th from right) and

Mr. Yogesh Dixit - Head, SME Ratings (3rd from right) at

the celebration of 20000th Rating

Mr. Yogesh Dixit with other panel members at the

MSME CEO Conference at Bengaluru

Mr. Ravikiran Apte - Manager, SME Ratings, addressing the

participants at the MSME CEO Conference at Bengaluru

Mr. Kunal Raman - Manager, SME Ratings, at Allahabad

Bank's Seminar (Lucknow)

Mr. Kunal Raman - Manager, SME Ratings, at the Meerut

event in Association with CII

CRISIL SME Connect

2

NSIC-CRISIL Rating

An NSIC - CRISIL Rating reflects CRISIL's opinion on the company's

performance capability and financial strength. Ratings are assigned on

the scale given below.

For eg.: A company with High Performance Capability and High Financial

CRISIL SME Ratings

A CRISIL SME Rating reflects the level of creditworthiness of an SME,

adjudged in relation to other SMEs. CRISIL SME Ratings are assigned with

the following Rating definition:

CRISIL SSI/SME Ratings Definitions

Financial Strength

High

Highest SE 1A SE 1B SE 1C

SE 2A SE 2B SE 2C

SE 3A SE 3B SE 3C

SE 4A SE 4B SE 4C

SE 5A SE 5B SE 5CPe

rfo

rma

nce

Ca

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ity

High

Moderate

Weak

Poor

Moderate Low

Strength will be rated 'SE 2A', while one with Weak Performance

Capability and Low Financial Strength will be rated 'SE 4C'.

Profile of CRISIL rated MSMEs As On April, 2011

CRISIL NSIC Rating percentage

Rating distribution: NSIC-CRISIL Rating

SE 1A

SE 1B

SE 1C

SE 2A

SE 2B

SE 2C

SE 3A

SE 3B

SE 3C

SE 4B

SE 4C

SE 5C

3.34

8.74

0.51

2.85

26.31

7.97

0.65

25.92

22.02

0.10

1.22

0.37

Geographical distribution of ratings

State

27.94

11.6

9.04

7.96

6.96

5.34

4.56

4.13

3.97

3.54

3.01

2.59

2.39

1.94

1.85

1.07

0.82

0.80

0.39

0.29

0.29

0.20

0.17

0.12

0.11

0.09

0.06

0.02

0.02

Maharashtra

Gujarat

Punjab

Tamil Nadu

Andhra Pradesh

New Delhi

Haryana

Karnataka

Uttar Pradesh

West Bengal

Rajasthan

Orissa

Madhya Pradesh

Chhattisgarh

Kerala

Himachal Pradesh

Jharkhand

Jammu & Kashmir

Assam

Uttarakhand

Bihar

Pondicherry

Andaman and Nicobar

Dadra & Nagar Haveli

Goa

Daman & Diu

Meghalaya

Tripura

Sikkim

percentage

The rating indicates that the level of creditworthiness of an SME,

adjudged in relation to other SMEs, is . (as per table above)

CRISIL SME Rating Definition

SME 1 Highest

High

Above Average

Average

Below Average

Inadequate

Poor

Default

SME 2

SME 3

SME 4

SME 5

SME 6

SME 7

SME 8

SME Rating percentage

SME 1

SME 2

SME 3

SME 4

SME 5

SME 6

SME 7

SME 8

Rating distribution: CRISIL SME Rating

11.14

23.20

31.55

24.48

8.12

1.28

0.12

0.12

CRISIL-Rated MSMEs: Industry wise distributions

percentageIndustry

Engineering & Capital Goods 6.93%

Agricultural Products 5.09%

Steel - Non integrated TMT/ Rolled/ Structural products 4.80%

Agriculture - Others 4.59%

Electrical Components & Equipment 4.07%

Packaging - Metal, plastic and Glass 3.36%

Construction & Engineering 2.88%

Textile - Cotton - Spinning 2.36%

Pharmaceuticals - Bulk Drugs/Contract Manufacturing/ Formulations 2.21%

Automobile Manufacturers 2.12%

Auto Components and ancilliary 1.95%

Diversified Metals & Mining 1.95%

Industrial Machinery and consumables 1.89%

Packaging - Paper 1.73%

Textile - RMG 1.67%

Chemicals - Bulk & Polymers 1.54%

Chemicals - Speciality 1.50%

Education Services 1.30%

Textile - Others 1.07%

Steel - Others 1.06%

Forest Products 1.04%

Tyres & Rubber 1.00%

Newsprint 1.00%

Trading Companies & Distributors 0.98%

Motorcycle Manufacturers 0.94%

Writing and Printing Paper (WPP)/ Industrial Paper 0.88%

Others 41.97%

Cumulative

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Rating assigned by CRISIL

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July

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CRISIL SME Connect

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per cent. Industrial growth is expected to remain unchanged at

7.3 per cent during 2011-12, due to the impact of past interest

rate hikes and further monetary tightening by the RBI.

Exports grew by 34.4 per cent, rising to US$23.9 billion in April

2011, but fell by 18.1 per cent on a monthly basis due to a high base

effect. Imports grew slower than exports at 14.1 per cent, to US$

32.8 billion in April. As a result, trade deficit narrowed to US$9.0

billion in the month from US$11.3 billion in the corresponding

month last year. Going ahead, the growth momentum in exports is

expected to wane due to persistent economic uncertainties in the

US and Europe. However, imports are expected to pick up,

underpinned by high oil imports along with elevated oil prices.

Headline inflation stood at 8.7 per cent in April 2011, as compared

Exports growth remains healthy at 34 per cent in April 2011

Headline inflation stubbornly high at 8.7 per cent in April 2011

GDP growth slows to 7.8 per cent in the fourth quarter

of 2010-11

IIP numbers surprises expectations, at 7.3 per cent for

March 2011

For 2010-11 as a whole, gross domestic product (GDP) grew by

8.5 per cent from 8.0 per cent a year earlier due to better

performance of agriculture, construction and financial services.

However, on a quarterly basis, GDP growth weakened. It hit a 5-

quarter low of 7.8 per cent in the January-March quarter. Despite

this, GDP growth is expected to moderate in 2011-12 to 7.7-8.0

per cent due to high inflation and rising interest rates.

Industrial production rebounded in March 2011 and grew

by 7.3 per cent, led by a recovery in manufacturing.

Capital goods production too rose by 12.5 per cent, after

contracting over the previous three months. However,

growth in the consumer durables sector decelerated

sharply to 12.3 per cent. Even consumer non-durables

growth declined for the second consecutive month to 5.7

to an upwardly revised figure of 9.1 for the previous month,

although there was a deceleration in inflation across all broad

categories except fuel. Primary articles inflation declined for the

third consecutive month to 11.0 per cent in April 2011. We

expect average inflation in 2011-12 to be at 7.5-8.0 per cent with

upside risks from higher commodity, food and metal prices.

As of the fortnight ending May 20, 2011, non-food credit growth rose

to 22.1 per cent, marginally higher than that recorded in the previous

month. Bank credit to the industry grew by 25.9 per cent y-o-y in April

2011 as compared to a 23.6 per cent growth in the previous month..

Deposit growth for the fortnight ending May 20, 2001 remained fairly

unchanged from the previous month, at 17.41 per cent.

Indian rupee depreciated by 1.2 per cent against the US dollar

in May 2011 due to a decline foreign investment inflows and

strong dollar demand from importers. Net FII inflow stood at

US$ 0.9 billion compared to US$1.6 billion in previous month.

Rupee however, depreciated against all major currencies.

Rupee is expected to appreciate during 2011-12 on account of

higher economic growth and higher interest rates in India vis-a

-vis the advanced countries. We expect the rupee to settle in

the range of 43.0-44.0 per US$ by March 2012.

Yields on the benchmark 10-year G-sec witnessed upward

movement in May 2011, mainly on higher inflationary

expectations and increased government borrowing. It stood at 8.3

per cent in May 2011 on a monthly average basis, as compared to

8.0 per cent in the previous month. We expect yield on 10-year G-

sec government bond to stabilise around 8.1-8.3 per cent by

March-end 2011-12, with the likelihood of moderating inflation

and improved liquidity relative to the present scenario.

Credit growth to services and retail sectors remains high

Rupee depreciates in May 2011 as FII inflow declines

The 10-year G-sec yield move upwards to 8.3% in May 2011

Parameter

Macroeconomic

Indicators - Forecasts

2011-12

Rationale

CRISIL expects fiscal deficit in 2011-12 to settle at 5.0 per cent of GDP- a slippage of 40 basis

points from government's budgeted number of 4.6 per cent. This is mainly due to the

governments poor track record on the disinvestment front, the likely increase in subsidies

on oil and fertilisers, and the potential impact of Food Security Bill. Additionally, lower

growth and lower tax buoyancy will too impinge on the fiscal deficit number for 2011-12.

Higher inflation pressures and rising interest rates will weigh heavily on the overall

growth in 2011-12. These are expected to pull down investment and consumption

growth. Impact of past rate hikes, reduction in pricing power and the direct and

indirect impact of elevated crude prices pose further downside risks to overall growth.

Agriculture growth, in spite of a normal monsoon, would decline given a higher base.

We, therefore, expect GDP growth to moderate from an estimated 8.6 per cent in

2010-11 to settle in a range of 7.7 to 8.0 per cent in 2011-12

Growth

2.7

7.3

9.4

7.7-8.0

Agriculture

Industry

Services

Total

Inflation is expected to moderate only towards the second-half of 2011-12. Persistently high

food and commodity prices especially crude oil prices and its pass-through into domestic

prices pose significant upside risks to inflation in the near-term. Hence, we now expect WPI-

based inflation to average in the range of 7.5-8.0 per cent in 2011-12.

Inflation 7.5-8.0WPI-Average

Despite robust capital inflows and easing liquidity situation, high inflationary pressures and

government borrowings will continue to pressurise the g-sec yield. Accordingly, we expect

yields on the benchmark 10-year G-Sec to end 2011-12 at 8.1-8.3 per cent.

Interest rate 8.1-8.310-year G-Sec

(Year-end)

Capital flows are expected to remain robust in 2011-12 led by higher interest rates and

robust economic growth in India vis--vis West. However, pace of appreciation would

remain uneven and a bit lower than what was witnessed during 2010-11. Therefore, we

expect the rupee to stabilise in the range of Rs 43.0-44.0 per dollar by March 2012.

Exchange rate 43.0-44.0Re / US $

(Year-end)

As a %

of GDP5.0Fiscal deficit

Economic Outlook

CRISIL SME Connect

4

guidelines are largely based on the Malegam committee

recommendations, with some modifications: RBI has

allowed a higher cap on interest rates and margin (of 26

per cent and 12 per cent respectively) and has clearly

defined the manner of computation for these caps. RBI

has also increased the limits on annual income of

borrower households, enhanced the maximum ticket

size of loans, allowed a higher limit on indebtedness of

borrowers, and reduced the minimum threshold to

qualify as an MFI. Moreover, RBI has retained the

priority-sector status for bank loans to MFIs, a critical

enabler of resource flows to the sector.

Mr. Pawan Agrawal, Director, CRISIL Ratings, says,

However, regulatory jurisdiction for MFIs remains

unclear. While RBI has created a new category of non-

banking financial companies to regulate the MFI sector,

multiple regulators continue to oversee the sector. A

clearer regulatory framework will remain critical to

instill greater confidence in the sector.

Financial risk profiles of MFIs with significant operations

in Andhra Pradesh are likely to remain under

considerable stress because of continued low collection

rates, l iquidity pressures, and expectation of

substantially high credit costs over the medium term.

Substantial improvement in recovery rates and timely

restructuring of these MFIs' bank loans will be critical for

their survival.

CRISIL will continue to monitor developments in the

MFI sector and their impact on the credit risk profiles

of the entities rated by it.

Says Ms. Rupali Shanker, Head, CRISIL Ratings, The MFI

sector's growth is likely to remain subdued over the medium

term, especially in regions with high microfinance

penetrat ion, because of proposed regulatory

restrictions on multiple lending, loan size, and end-

usage of loans. This will provide an impetus for

consolidation in the sector. To comply with the new

regulations, MFIs will have to enhance the robustness of

their internal systems and processes, strengthen their

monitoring mechanisms, and invest in training their

employees.

Adds Ms. Shanker, CRISIL also expects RBI's recent

guidelines to provide cushion to MFIs' profitability, and

enableresumption of bank funding to MFIs. RBI's

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Subdued growth may trigger consolidation for MFIs:

CRISIL

Growth prospects for microfinance institutions

(MFIs) will remain subdued over the medium term.

Operating challenges arising from the Reserve Bank

of India's (RBI's) recently issued guidelines for

MFIs, coupled with expected difficulty in raising

capital, are likely to trigger consolidation in the

sector. However, RBI's guidelines should ease

pressure on MFIs' profitability, as it has relaxed

some onerous recommendations of the Malegam

committee. Furthermore, the continuation of

priority-sector status and steps to enhance

transparency and governance should improve

stakeholder confidence and enable resumption of

bank funding. CRISIL also believes that clarity on

regulatory jurisdiction for MFIs is a critical next step

for long-term sustainability of the sector.

structural shift in consumer preference for diamond

jewellery over the long term, resulting in a strong

demand growth. Jewellery sales in the US market,

which accounts for around 40 per cent of the global

diamond consumption, is estimated to have increased

by 7 per cent in 2010, driven by recovery in consumer

spending and inventory restocking by retailers. The US

market is likely to sustain the recovery in consumption

over the medium term.

Prices of polished diamonds have increased by more

than 30 per cent over the past year, in line with the rise in

prices of rough diamonds. The strong demand coinciding

with lower production has resulted in prices of rough

diamonds increasing significantly and surpassing the

pre-crisis peak levels of 2008 (refers to calendar year,

January 1 to December 31).

Rough diamond prices will remain firm over the medium

term, supported by buoyant demand and cautious

supply management policies by the mining players.

During the downturn in 2008, miners, especially the De

Beers group, the largest supplier of rough diamonds,

curtailed supply in line with subdued demand. Says Mr.

China, India demand to keep diamond prices firm

CRISIL

CRISIL believes that diamond prices, which have

witnessed a sharp rebound over the past year, will

remain firm over the medium term because of

increasing consumption in the emerging markets of

China and India and recovery in the US market.

Moreover, supply of rough diamonds is expected to

tightly match the demand. The credit risk profiles of

114 CRISIL-rated diamond and diamond jewellery

players are expected to remain stable on the back

of buoyant demand outlook.

China and India, the fastest growing markets in the

world, are likely to continue with their double-digit

growth in the medium term. The markets in China and

India, have grown by around 25 per cent in 2010, and

contributed to around 20 per cent of the global

consumer demand for diamond jewellery in 2010, as

against 12 per cent in 2008.

Says Mr. Gurpreet Chhatwal, Director, CRISIL Ratings,

China and India are at an inflexion point and will see a

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CRISIL SME Connect

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may come under stress, but will ease over the medium

term with the steady absorption of price rise by the

customers. Moreover, players are also expected to gain

from the lower average cost of existing polished

diamond inventory. CRISIL believes that the players that

maintain prudent working capital management

practices, which they had adopted during the downturn,

will stand in good stead.

CRISIL expects the recent rate hike in third-party (TP) motor

insurance premiums by Insurance Regulatory Development

Authority of India (IRDA) to improve the underwriting

performance of the Indian general insurance industry in

2011-12 (refers to financial year, April 1 to March 31). The

rate hike is expected to significantly improve the general

insurance industry's combined ratio to around 110 per cent

in 2011-12 from an estimated 132 per cent in 2010-11 (a

high combined ratio indicates weak underwriting

performance. In other words, a combined ratio of more

than 100 per cent indicates underwriting losses).

TP motor insurance is the only segment which is tariffed in

the Indian general insurance industry. Because of the highly

adverse claims experience in this segment, IRDA has

recently announced an increase of 10 per cent in insurance

premiums for private cars and two-wheelers and 68 per

cent for goods and passenger vehicles. Says Ms. Rupali

Shanker, Head CRISIL Ratings, We view the rate hike in the

TP motor insurance segment as an important step towards

containing the general insurance industry's mounting

underwriting losses. We expect the industry's combined

ratio to improve to 110 per cent in 2011-12 on the back of

this rate revision. CRISIL's expectation of improvement in

the combined ratio in 2011-12 also factors in the

expectation that the underwriting performances of

segments other than TP motor insurance will remain at

current levels.

However, the TP motor insurance segment is marked by

unlimited liability and numerous instances of inflated and

IRDA's premium hike to improve general insurers

Underwriting: CRISIL

Subodh Rai, Head, CRISIL Ratings, While rough

diamond prices may be volatile over the short term

because of temporary demand-supply mismatch,

the prices will remain stable over the medium term,

as the supply is expected to increase with the De

Beers group likely achieving full production

capacity and Rio Tinto's Argyle mine commencing

underground operations.

The credit risk profiles of CRISIL-rated diamond and

diamond jewellery players will remain stable,

backed by the expected growth in consumer

demand and strong polished diamond prices. In the

short term, conversion margins of diamond players

fraudulent claims. CRISIL believes that this rate hike is

inadequate to cover the substantial losses incurred in this

segment; premium rates need to more than double from

the 2010-11 levels for the industry to make underwriting

profits in this segment. In addition, the underwriting

performances of the other segments continue to be weak.

Mr. Pawan Agrawal Director, CRISIL Ratings, says, We

estimate the industry's underwriting losses to increase

significantly to more than Rs.100 billion in 2010-11 from

Rs.59 billion in 2009-10. This increase reflects weak

underwriting performance, increase in reserving

requirements for each of the past four years on the TP

motor insurance pool, and wage revisions in public-sector

insurance companies.

Given the mounting underwriting losses, CRISIL believes the

general insurance industry needs to take urgent steps to

improve underwriting performance across segments.

Instilling underwriting discipline in the health insurance

segment (111 per cent claims ratio for 2009-10) is

particularly critical, as this segment is expected to drive the

general insurance industry's growth over the medium term.

Adds Mr. Agrawal, Prudent underwriting practices marked

by risk-based pricing across key segments, effective claims

management, and lower operating expenses remain

imperative to further improvement in the general insurance

industry's overall underwriting performance.

CRISIL will continue to monitor the impact of the rate hikes

and additional provisioning requirements on the

underwriting performance of its rated entities. The credit

risk profiles of CRISIL-rated general insurance companies

continue to benefit from their established track record and

expectation of strong support from their owners

(Government of India for public-sector insurers and parent

companies for private-sector insurers).

CRISIL RATED MSMEs As on April, 2011

70 AJ Packaging Limited Hyderabad SE 1B

71 Alphamed Formulations Private Limited Hyderabad SE 3B

72 Amita Pipes (India) Private Limited Hyderabad SE 3B

73 Amoda Iron And Steel Limited Hyderabad SME 4

74 Amori Industries Private Limited Hyderabad SME 3

75 Anand Ispat Udyog Limited Hyderabad SE 2C

76 Apoorva I.T. Solutions Hyderabad SE 2B

77 Archinova Design Private Limited Hyderabad SE 2B

78 Aryam Steels Private Limited Hyderabad SE 2B

79 Aurora Educational Society Hyderabad SME 4

80 AVR Zinc Products Private Limited Hyderabad SE 3C

81 Baba Akhila Sai Jyothi Industries Private Limited Hyderabad SME 4

82 Bajaj Electronics Hyderabad SME 2

83 Balabhanu Enterprises Private Limited Hyderabad SME 3

84 Beam Cox Constructions Private Limited Hyderabad SE 3B

85 Bioviz Technologies Private Limited Hyderabad SE 3B

86 C.L. Engineering Equipment (India) Private Limited Hyderabad SE 2B

87 Chander Bhan and Company Hyderabad SE 2C

88 Chemi Pack (India) Private Limited Hyderabad SE 2C

89 Chemsol Labs Private Limited Hyderabad SE 2B

90 Cluster Infotech Private Limited Hyderabad SE 2B

91 Cyber Automobiles Private Limited Hyderabad SME 4

92 Cygnus Microsystems Private Limited Hyderabad SE 3B

93 Dendi Agro Farms Private Limited Hyderabad SE 1B

94 Dhanlaxmi Iron Industries Limited Hyderabad SE 2A

95 Dilip Rerolling Private Limited Hyderabad SME 3

96 Elixir Met Form Private Limited Hyderabad SE 2B

97 Excel Ano Components Hyderabad SE 2B

98 Excel Woven Sacks Private Limited Hyderabad SE 1B

99 Fine Alloy Castings Private Limited Hyderabad SE 3B

100 Fine Fab Private Limited Hyderabad SE 3B

101 Fine Forge Limited Hyderabad SE 1A

102 Fusion Motors Hyderabad SME 5

103 Geekay Wires Private Limited Hyderabad SE 2B

104 Geeta Cotton Company Hyderabad SE 2B

105 Geocon Structures Private Limited Hyderabad SE 3C

106 Gourmet Stores Private Limited Hyderabad SME 5

107 Great India Mining Private Limited Hyderabad SE 2B

108 GSR Marketing Limited Hyderabad SE 2B

109 Hastalloy India Limited Hyderabad SE 2C

110 Hexagon Construction Hyderabad SME 4

111 Hotcrete Infrastructure Private Limited Hyderabad SE 3C

112 Hyderabad Castings Limited Hyderabad SE 2B

113 Hyderabad Met Chem Private Limited Hyderabad SE 2B

114 Hydro Tech Limited Hyderabad SE 2B

115 Impact Metals Limited Hyderabad SE 4C

116 Infinity Projects (India) Private Limited Hyderabad SE 3C

117 Institute Of Public Enterprise Hyderabad SME 3

118 Intemo Systems Limited Hyderabad SE 3B

119 Jaya Projects Limited Hyderabad SME 5

120 Jeevaka Industries Limited Hyderabad SE 1B

121 Jeevan Polymers Private Limited Hyderabad SE 1B

122 JRB Breeders Private Limited Hyderabad SE 2B

123 Junna Life Sciences Private Limited Hyderabad SE 2B

124 Jyothi Turbopower Services Private Limited Hyderabad SE 2A

125 K. R. R. Drugs & Intermediates Private Limited Hyderabad SE 2B

126 K. Ramachandra Rao Transmission &

Projects Private Limited Hyderabad SME 2

127 Karshak Vidya Parishad Hyderabad SME 3

128 Keystone BSS Infracon Private Limited Hyderabad SME 3

129 KL Hi-tech Secure Print Limited Hyderabad SME 1

130 Kohinoor Hatcheries Private Limited Hyderabad SE 2B

131 KOP Agro Tech Limited Hyderabad SE 2C

132 Kora Industries Hyderabad SE 2B

133 Krishnapriya Power Private Limited Hyderabad SME 4

134 Krishnaveni Metal Castings Private Limited Hyderabad SE 3B

135 Krushi Infras India Private Limited Hyderabad SME 2

136 Kun Automobiles Private Limited Hyderabad SME 4

137 Kurnool Cylinders Private Limited Hyderabad SE 2C

138 Lakshmi Venkat Farms Limited Hyderabad SME 2

139 Laxmi Ganapathy Paper Mills Private Limited Hyderabad SE 2C

140 Laxmi Srinivasa Castings Hyderabad SE 3C

141 Lazarus Hospitals Limited Hyderabad SME 3

142 Lotus Chocolate Company Limited Hyderabad SME 3

Andaman & Nicobar

Andra Pradesh

1 Agency House Port Blair SME 2

2 Andaman Marine Works Port Blair SE 3B

3 Campbell Engineering Port Blair SE 3B

4 Electrotech Port Blair SE 3B

5 Island Ship Repairers Port Blair SME 3

6 K Tech Marketing Port Blair SE 2B

7 K-Tech Engineering Works Port Blair SE 3C

8 Marine Technical Works Port Blair SE 3A

9 Maya Engineering Works Port Blair SE 3C

10 National Engineering Works Port Blair SE 2B

11 Raja Engineering Works Port Blair SE 3B

12 Bajaj Ginning Factory Adilabad SE 2B

13 Dhruv Cottons Adilabad SE 3C

14 G. M. R. Spintex Private Limited Adilabad SME 3

15 Kamala Ginning and Oil Industries Adilabad SE 2C

16 Krishna Cotton Company Adilabad SE 2B

17 Maheshwara Cotton Industries Adilabad SE 3C

18 Mallikarjuna Cotton Traders Adilabad SE 2C

19 Mohan Rao and Company Adilabad SE 2C

20 Sri Laxmi Enterprises Adilabad SE 2B

21 Tirumala Venkateshwara Paper &

Board Private Limited Adilabad SE 2C

22 Vandana Cotton Company Adilabad SE 3B

23 Ahlada Engineers Private Limited Bahudurpally SE 1B

24 Padigela Ginning Industries Bhainsa SE 2B

25 Pavan Industries Bhainsa SE 3B

26 Yogesh Industries Bhainsa SE 3C

27 The Bhimavaram Education Society Bhimayarm SME 3

28 Uno Feeds Bhimayarm SE 2C

29 S. V. Milk and Milk Products Private Limited Chittoor SE 1B

30 Vijayavani Printers Chittoor SE 1B

31 Bharathi Educational Society Cuddapah SME 4

32 Sri Lakshmi Prasanna Agro Paper Industries Limited East Godavari SME 4

33 Sri Venkateswara Rice Industry East Godavari SE 2B

34 Adithya Agro Allied Oils Private Limited Eluru SME 4

35 Sheelu Exports Eluru SE 4C

36 Sri Dasanjaneya Rice Traders Eluru SE 3B

37 Sri Laksmi Krishna Motors Private Limited Eluru SE 3B

38 Sri Venkata Ramana Rice Mill Eluru SE 3B

39 Srinivasa Hair Industries Eluru SE 2B

40 Nalla Malla Reddy Education Society Ghatkesar SME 6

41 Premier Tea Industries Golaghat SE 2B

42 Sri Vinayaka Raw & Par Boiled Rice Mill Gudivada SE 3B

43 Syamalamba Modern Rice Mills Gudivada SE 3B

44 A. N. R. Cotton Traders Guntur SE 3B

45 ABR & NMR Infra Guntur SME 4

46 Agrimmcor Creations Limited Guntur SME 7

47 Atluri Mastan Reddy Educational Society Guntur SME 4

48 Chaitanya Tobacco Company Guntur SE 2B

49 DLM Tradelinks Private Limited Guntur SE 3C

50 Jayaraj Fortune Packaging Private Limited Guntur SE 2C

51 K. R. & Company Guntur SE 3B

52 Kallam Brothers Cottons Private Limited Guntur SME 2

53 Pioneer Automotives Guntur SE 1B

54 Rayani Tradelinks Private Limited Guntur SE 3C

55 S.V.R. Electricals Private Limited Guntur SE 2C

56 Sita Rama Rice Mill Guntur SE 3B

57 Sri Rama Industries Guntur SE 3C

58 Taruni Dairy Products Private Limited Guntur SE 1B

59 Tulasi Seeds Private Limited Guntur SE 1A

60 Veera Associates Guntur SE 2B

61 Vijaya Sai Poultries Private Limited Guntur SE 2B

62 Vijaya Sarada Delint Seed Mills Guntur SE 2B

63 A. R. Life Sciences Private Limited Hyderabad SE 2B

64 Acer Engineers Private Limited Hyderabad SME 3

65 Aerochem Impex Private Limited Hyderabad SME 3

66 Agarwal Global Steels Limited Hyderabad SE 2B

67 Agri Green Fertilizers & Chemicals Private Limited Hyderabad SE 2B

68 Ahlada Pharma Private Limited Hyderabad SE 3B

69 Aizant Drug Research Solutions Private Limited Hyderabad SME 4

Rating

AssignedSr No Company City

Rating


CRISIL SME Connect

6

143 M.G.B. Mobiles Hyderabad SME 3

144 Mahadev Profiles Private Limited Hyderabad SE 2C

145 Mahalakshmi Alloys & Metals Private Limited Hyderabad SE 2C

146 Mahi Granites Private Limited Hyderabad SME 2

147 Maithri Laboratories Private Limited Hyderabad SE 1A

148 Manchukonda Prakasham Industries

India Private Limited Hyderabad SE 1A

149 Martopearl Alloys Private Limited Hyderabad SME 3

150 Master Weaver Ethnics India Private Limited Hyderabad SE 3B

151 Mayuri Broiler Breeding Farms Private Limited Hyderabad SME 2

152 Meena Jewellers Hyderabad SE 1B

153 Meena Jewels Exports Hyderabad SE 1B

154 Meru Automobiles Private Limited Hyderabad SE 1B

155 MMS Steel & Power Private Limited Hyderabad SME 1

156 Mor Jewellers Hyderabad SE 3B

157 Moschip Semiconductor Technology Limited Hyderabad SME 6

158 MSN Laboratories Limited Hyderabad SME 2

159 MSN Pharmachem Private Limited Hyderabad SME 2

160 MYK Laticrete India Private Limited Hyderabad SME 1

161 MYK Schomburg India Private Limited Hyderabad SE 2B

162 Nagven Turbo Power Private Limited Hyderabad SE 3C

163 Nak Bio Solutions Hyderabad SE 3B

164 Nandan Biomatrix Limited Hyderabad SE 1A

165 Nawa Engineers & Consultants Private Limited Hyderabad SME 2

166 Optimus Drugs Private Limited Hyderabad SE 2B

167 Orange Auto Private Limited Hyderabad SME 4

168 P. G. Power Systems Private Limited Hyderabad SE 2B

169 P. Mangatram Jewellers Private Limited Hyderabad SE 1B

170 Padmavathi Institute of Medical Sciences

Private Limited Hyderabad SME 4

171 Pattabhi Rama Poultry Farms Private Limited Hyderabad SME 3

172 Patwari Foods Private Limited Hyderabad SME 5

173 Pious Electronics Private Limited Hyderabad SE 3C

174 Porus Laboratories Private Limited Hyderabad SME 2

175 Pragati Offset Private Limited Hyderabad SME 1

176 Pragati Polymers Hyderabad SE 2B

177 Prani Auto Plaza Private Limited Hyderabad SE 2B

178 Prashant Associates Hyderabad SE 3C

179 Prince Papers Hyderabad SE 5C

180 Priyanka Refineries Private Limited Hyderabad SE 1B

181 Puzzolana Machinery Fabricators Hyderabad SME 1

182 R. R. M. Educational Society Hyderabad SME 3

183 Radha Krishna Industries Hyderabad SE 1B

184 Rakshit Drugs Private Limited Hyderabad SE 1B

185 Rakshit Pharmaceutical Limited Hyderabad SE 2C

186 Ramcharan Oil Industries Hyderabad SE 2B

187 RCM Infrastructure Limited Hyderabad SME 3

188 Regal Healthy Fine Foods Private Limited Hyderabad SE 3C

189 Rocksand Minerals Private Limited Hyderabad SE 3B

190 Rockwell Industries Limited Hyderabad SE 1A

191 S.V. Distilleries Private Limited Hyderabad SME 4

192 S.V. Transporters Hyderabad SME 3

193 Sagar Petroleums Limited Hyderabad SE 1B

194 Sai Enviro Engineers Private Limited Hyderabad SE 2B

195 Sai Sri Woven Sacks Private Limited Hyderabad SE 2B

196 Sai Srinivasa Bottle Traders Hyderabad SME 4

197 Salicylates and Chemicals Private Limited Hyderabad SE 1B

198 Samyu Glass Private Limited Hyderabad SME 4

199 Sanova Pharma Chem Private Limited Hyderabad SE 3B

200 Sapala Organics Private Limited Hyderabad SE 3C

201 Sardar Power Limited Hyderabad SE 3C

202 Savan Pharmaceuticals Private Limited Hyderabad SE 2B

203 Seed Works India Private Limited Hyderabad SE 2B

204 Seedworks International Private Limited Hyderabad SE 2B

205 Seth Ghasiram Gopikishan Badruka Educational Society Hyderabad SME 2

206 Shivani Engineering Industries Hyderabad SE 3B

207 Shravana Hospitals Hyderabad SME 6

208 Shree Jaya Laboratories Private Limited Hyderabad SE 1B

209 Shree Jewellers Hyderabad SME 2

210 Shree Shubham Jewellers Hyderabad SE 2B

211 Shri Sai Steel Traders Hyderabad SME 4

212 Siby Mining Services Private Limited Hyderabad SE 2B

213 Sidhi Jewellers Hyderabad SE 1B

214 Siflon Drugs And Pharmaceuticals Private Limited Hyderabad SE 3C

215 Siflon Polymers Private Limited Hyderabad SE 3B

216 Sipra Labs Limited Hyderabad SME 1

217 Sitra Infotech Private Limited Hyderabad SE 3B

218 Sneha Farms Private Limited Hyderabad SE 1B

219 Sneha Motors Private Limited Hyderabad SE 1B

220 Spectra Equipments Private Limited Hyderabad SE 2B

221 Sravan Shipping Services Private Limited Hyderabad SE 1A

222 Sree Mahalakshmi Smelters Private Limited Hyderabad SE 4C

223 Sree Skandha Food Processing (India) Private Limited Hyderabad SE 3C

224 Sri Durga Estates Hyderabad SME 4

225 Sri Krishna Agencies Hyderabad SME 4

226 Sri Varalaxmi Projects Private Limited Hyderabad SME 4

227 Sri Venkata Sai Constructions & Co. Hyderabad SME 3

228 Srinivasa Foods and Feeds Private Limited Hyderabad SE 1A

229 Sritha Chems Private Limited Hyderabad SE 2B

230 Srujana Industrial Marketing Associates Hyderabad SE 3B

231 Sukhila Power Electronics Private Limited Hyderabad SE 3B

232 Super Fine Sand (Hyderabad) Limited Hyderabad SE 2B

233 Supreme Batteries Private Limited Hyderabad SE 2B

234 Susheel Motors Hyderabad SE 1B

235 Suvarna Technosoft Private Limited Hyderabad SE 3B

236 SVM Nonwovens Private Limited Hyderabad SE 2B

237 TBPR Infra Projects Private Limited Hyderabad SME 5

238 Team Engineers Hyderabad SE 2B

239 Technostrength Private Limited Hyderabad SE 2A

240 Tejaswi Jewellers Private Limited Hyderabad SME 3

241 Telecanor Global Limited Hyderabad SME 2

242 Thermal Systems (Hyderabad) Private Limited Hyderabad SME 1

243 Trans Valves (India) Private Limited Hyderabad SE 2B

244 Tulasi Projects Private Limited Hyderabad SE 2B

245 U W T Projects Limited Hyderabad SE 1B

246 United Port Services Limited Hyderabad SME 2

247 VA Hotels Private Limited Hyderabad SME 4

248 Vanaja Electrical Appliances Private Limited Hyderabad SE 2B

249 Vance & Health Pharmaceuticals Private Limited Hyderabad SE 1B

250 Vasavi Kanyaka Parameshwari Paraboiled Rice Industry Hyderabad SE 3B

251 Vetindia Pharmaceuticals Limited Hyderabad SE 1B

252 Vijay Engineering Equipments India Private Limited Hyderabad SME 2

253 Vijeta Life Sciences Private Limited Hyderabad SE 2B

254 Vijlak Pharma Limited Hyderabad SME 3

255 Vipassana Infrastructures Private Limited Hyderabad SE 2A

256 Webtech Transformers Company Hyderabad SE 3B

257 Sango Motors Itanagar SME 4

258 Aditya Academy Kakinada SME 1

259 Balaji Hatcheries Kakinada SME 5

260 Bhaskara Padma Rice Industry Kakinada SE 3B

261 S. K. Health Care Formulations Private Limited Kakinada SE 2B

262 Sri Ayyappa Rice Industries Kakinada SE 2B

263 Sri Chamundeshwari Boiled and Raw Rice Mill Kakinada SE 3B

264 Sri Raghavendra Ferro Alloys Private Limited Kakinada SE 1B

265 Sri Ramakrishna Raw and Par Boiled Modern Rice Mill Kakinada SE 2B

266 Sri Sati Aranjyothi Raw and Boiled Rice Mill Kakinada SE 2B

267 Sri Venkateswara Rice Industry Kakinada SE 2B

268 Sri Venkateswara Rice Mill Kakinada SE 2B

269 Srimannarayana Rice Industree Kakinada SE 3B

270 Subrahmanyeswara Traders Kakinada SE 2B

271 Surya Sree Cashew Products Kakinada SE 2B

272 V.S.N. Hatcheries Private Limited Kakinada SME 6

273 Narasimha Industries Karimnagar SE 2B

274 Saritha Cotton Industries Karimnagar SE 2C

275 Seetharama Cotton Industries Karimnagar SE 2C

276 Sri Balaji Cotton Industries Karimnagar SE 3B

277 Sri Venkatesh Granites Private Limited Karimnagar SE 2C

278 GRR Industries Private Limited Khammam SE 3C

279 Amrita Sai Educational Improvement Trust Krishna SME 4

280 Mayuri Rice Mill Krishna SE 3B

281 Mulpuri Poultries Krishna SME 3

282 Nealex Alloys Private Limited Krishna SE 3C

283 Sai Srinivasa Educational Society Krishna SME 5

284 Sarma Cylinders Krishna SME 4

285 Sri Sunflower Educational Society Krishna SME 4

286 Sri Venkateswara Poultry Farm Krishna SME 3

287 Vics Industries Private Limited Krishna SE 2B

288 Vijayasri Sun Flower Public School Krishna SME 6

289 C. Eswara Reddy & Company Kurnool SE 2B

290 Parameswara Educational Academy Kurnool SME 4

291 Raaga Mayuri Builders Private Limited Kurnool SME 2

292 Shafa Educational Society Kurnool SME 3

293 Sadguru Raghavendra Paraboiled Industries Mahabubnagar SE 2B

294 Shambhavi Agro Industries Manchiriyal SE 3C

1

CRISIL SME Connect

Rating


Rating


7

295 Madhavi Edible Bran Oils Private Limited Mandapeta SE 2B

296 B. Srinivasa Rao Power Constructions Private Limited Nalgonda SE 2B

297 Miryalguda Rice Industries Pvt Ltd Nalgonda SME 4

298 Navodaya Plastic Industries Nalgonda SE 1B

299 Raathi Pipes and Profiles Private Limited Nalgonda SE 1B

300 Sree L V Motors Nalgonda SE 2B

301 Sri Sai Educational Society Nalgonda SME 5

302 Sri Venkateshwara Rice Industries (Nalgonda) Nalgonda SE 2B

303 Sudhakar Irrigation Systems Private Limited Nalgonda SE 1B

304 Sudhakar Plastic Limited Nalgonda SE 1B

305 Sudhakar Polymers Limited Nalgonda SE 1B

306 Sudhakar PVC Products Private Limited Nalgonda SE 1B

307 Swami Ramananda Tirtha Educational Society Nalgonda SME 2

308 The Nalgonda Educational Society Nalgonda SME 5

309 Vishwa Bharathi Education Society Nalgonda SME 5

310 Alexander Builders and Land Developers Nellore SME 4

311 G.R.N. Constructions Private Limited Nellore SME 2

312 Hiranmayi Chemical Industries Private Limited Nellore SE 3B

313 M. G. Brothers Automobiles Private Limited Nellore SME 1

314 Manasa Rice Industry Nellore SE 3B

315 Medikonda Automotives India Private Limited Nellore SE 3B

316 Medikonda Constructions Private Limited Nellore SME 4

317 MVR Raw and Boiled Rice Mill Nellore SE 3C

318 Narayanadri Rice Industries Nellore SE 2B

319 P S M Rice Industry Nellore SE 3C

320 Padmavathi Motors Nellore SE 3C

321 Pinakini Industries Private Limited Nellore SE 1B

322 Sri Devi Enterprises Nellore SE 3C

323 Sri Janardhan Raw and Boiled Rice Mill Nellore SE 2C

324 Sri Lakshmi Janardhan Rice Industries Nellore SE 2C

325 Sri Lakshmi Raw Boiled Rice Mills Nellore SE 3B

326 Sri Lakshmi Srinivasa Raw and Boiled Rice Mill Nellore SE 2C

327 Sri Lakshmi Venkata Krishna Raw & Boiled Rice Mill Nellore SE 2B

328 Sri Lakshmi Venkateswara Rice Industry Nellore SE 3C

329 Sri Lakshmi Vigneswara Rice Industries Nellore SE 2B

330 Sri Laxmi Rice Industry Nellore SE 3B

331 Sri Radha Krishna Rice Industry Nellore SE 3C

332 Sri Ramanjaneya Raw & Boiled Rice Mill Nellore SE 2C

333 Sri Sai Krishna Raw and Boiled Rice Mill Nellore SE 2C

334 Sri Srinivasa Raw and Boiled Rice Mill Nellore SE 2B

335 Sri Venkata Satyanarayana Raw and Boiled Rice Mill Nellore SE 2C

336 Sri Vijaya Lakshmi Rice Industries Nellore SE 2B

337 Sri Vijayalakshmi Agro Industries Nellore SE 3C

338 True Well Pipe Industries Nellore SE 2C

339 Vijaya Lakshmi Raw & Boiled Rice Trading Company Nellore SE 2C

340 Aldus Computers Nizamabad SE 3B

341 Bhoolaxmi Industries Nizamabad SE 2C

342 Dhanlaxmi Rice Mill Nizamabad SE 3B

343 G. K. Traders Nizamabad SE 2B

344 Gajanan Industries Nizamabad SE 3C

345 Govind Oil Industries Nizamabad SE 2B

346 H Gangaram Cloth Merchant Nizamabad SME 4

347 Jai Ganesh Paddy Processing Industries Nizamabad SE 3B

348 K. V. Contractors Nizamabad SE 3B

349 Kamadhenu Oil Industries Nizamabad SE 2B

350 Kodipyaka Rajaiah Rice Mill Nizamabad SE 3B

351 Laxmi Industries Nizamabad SE 3C

352 Mahadhan Agro Industries Nizamabad SE 3B

353 Maheshwari Ginning Factory Nizamabad SE 2B

354 Maithry Filling Station Nizamabad SE 3C

355 Narsimha Ginning Factory Nizamabad SE 2C

356 Nitin Ginning Factory Nizamabad SE 3B

357 Nizamabad Agro Private Limited Nizamabad SE 2B

358 Om Sri Venkateshwara Industries Nizamabad SE 3C

359 Prakash Automotive Nizamabad SE 2C

360 Ranganath Ginning Industry Nizamabad SE 3B

361 Sai Industries Nizamabad SE 3B

362 Sai Ram Motors Nizamabad SE 2B

363 Sai Swaroop Industries Nizamabad SE 3C

364 Sainath Ginning Factory Nizamabad SE 3C

365 Shankara Filling Station Nizamabad SE 3B

366 Shree Laxmi Agro Industries Nizamabad SE 2B

367 Sree Siddivinayaka Industries Nizamabad SE 3B

368 Sri Bhairava Industries Nizamabad SE 3B

369 Sri Guru Raghuvendra Industries Nizamabad SE 3B

370 Sri Laxmi Narsimha Industries Nizamabad SE 2C

371 Sri Rama Modern & Para Boiled Rice Mill Nizamabad SE 1B

372 Sri Sita Ram Modern Para Boiled Rice Mill Nizamabad SE 3C

373 Sri Venkatadri Industries Nizamabad SE 3B

374 Sri Venkateshwara Industries Nizamabad SE 3B

375 Tirumala Binny Rice Mills Nizamabad SE 3B

376 Triveni Rice Mill Nizamabad SE 3B

377 Vaishnavi Industries Nizamabad SE 3B

378 Mulpuri Foods And Feeds Private Limited Nuzvid SME 4

379 Desu Veeraiah Sons Ongole SME 5

380 Pragathi Tobacco Traders (India) Private Limited Ongole SE 2B

381 Sri Prasannanjaneya Raw & Boiled Rice Mill Ongole SE 3C

382 Sri Venkata Sai Boiled and Raw Rice Mill Ongole SE 3C

383 Sri Vijaya Lakshmi Raw and Boiled Rice Mill Ongole SE 3C

384 SSN Educational Society Ongole SME 2

385 Vinayaka Enterprises Ongole SE 3C

386 Vishnupriya Automotives Ongole SE 1B

387 Pattabhi Agro Foods Private Limited Peddapuram SME 5

388 Intron Life Sciences Prakasam SE 2B

389 Rajasekhara Enterprises Prakasam SE 1B

390 Saankhya Educational Society Prakasam SME 5

391 Sri Priyanka Raw and Boiled Rice Mill Prakasam SE 3C

392 S. B. Motor Corporation Rajahmundry SE 1B

393 Venkatadri Spinning Mills Private Limited Rajahmundry SE 3B

394 La Hospin Hotels & Resorts Private Limited Rajahmundry SE 3B

395 Sri Koduri Enterprises Private Limited Rajahmundry SE 2B

396 Sri Koduri Metals & Minerals Rajahmundry SE 3B

397 Savitru Engineering Enterprises Rangareddi SE 3B

398 Agarvanshi Aluminium Limited Secunderabad SME 3

399 Anil Steel Industries Secunderabad SME 4

400 Balaji Pressure Vessels Limited Secunderabad SE 1B

401 Cache Furniture Limited Secunderabad SME 3

402 Esmario Export Enterprise Secunderabad SE 2A

403 Finecab Wires & Cables Private Limited Secunderabad SE 2B

404 Goyal Steel Enterprises Secunderabad SE 2C

405 Hariyana Steel Centre (KDM) Private Limited Secunderabad SE 1C

406 Jaidhar Constructions Secunderabad SE 2B

407 K.J.L. Poultries Private Limited Secunderabad SE 3B

408 Krans Projects Private Limited Secunderabad SME 3

409 Pankaj Polymers Limited Secunderabad SME 3

410 Premier Solar Systems Private Limited Secunderabad SE 1A

411 R. E. Cables and Conductors Private Limited Secunderabad SME 3

412 S C R Nirman Private Limited Secunderabad SME 3

413 Shiv Shakti Ispat & Alloys (India) Private Limited Secunderabad SE 3B

414 Shri Ganesh Enterprises Secunderabad SE 2B

415 Sri Lakshmi Narasimha Enterprises Secunderabad SME 4

416 Sri Lakshminarsimha Poultry Farms Private Limited Secunderabad SE 1B

417 SVG Granites Limited Secunderabad SME 3

418 Talwar Mobiles Private Limited Secunderabad SME 4

419 Zen Technologies Limited Secunderabad SME 1

420 Gurajada Educational Society Srikakulam SE 3A

421 Ratnagiris Tenali SE 3C

422 Sri Varsha Food Products India Limited Tirupati SME 3

423 Vijaya Bharathi Enterprises Tirupati SE 2B

424 Yogananda Educational Society Tirupati SME 4

425 Kristna Engineering Works Vijayawada SE 2A

426 Prathap Industries Vijayawada SE 2B

427 S.K.P.V.V. Hindu High Schools Committee Vijayawada SME 4

428 Seapearls Industries Vijayawada SE 2B

429 Sri Kalyani Agro Products & Industries Limited Vijayawada SME 3

430 Steel City Foods Private Limited Vijayawada SE 1B

431 Teja Constructions Vijayawada SE 3B

432 Vaishnavi Agro Farms Vijayawada SE 2B

433 Vijaibhavani Powertech Private Limited Vijayawada SE 2B

434 Almag Marketing (India) Private Limited Visakhapatnam SE 2B

435 Deccan Ferro Alloys Private Limited Visakhapatnam SE 1B

436 INAR Profiles Private Limited Visakhapatnam SE 1A

437 Kanakadurga Motors Visakhapatnam SME 3

438 National Fabro Technologies Visakhapatnam SE 2B

439 Pace Process Controls Private Limited Visakhapatnam SE 1B

440 Sree Giri Tej Iron and Steel Private Limited Visakhapatnam SME 4

441 Sree Ramakrishna Alloys Limited Visakhapatnam SE 2C

442 Sri Lakshmi Prabha Engineering and Fabrication Works Visakhapatnam SE 1B

443 Suleka Industries Visakhapatnam SE 2C

444 Techno Aqua Tech Private Limited Visakhapatnam SE 3B

445 Vishnu Carriers Private Limited Visakhapatnam SE 1B

446 VTC Engineering Private Limited Visakhapatnam SE 3B

447 VV Kay Marine Private Limited Visakhapatnam SE 3B

448 Akash Dredging & Marine Services Private Limited Vishakapatnam SE 3B

Rating


Rating


CRISIL SME Connect

8

1518 Agarwal Ispat Bhilai SE 3B

519 Agrawal Construction Bhilai SE 3B

520 Amar Chemicals Bhilai SE 4C

521 Ashok fuels Bhilai SE 2B

522 Balaji Minerals Bhilai SE 2B

523 Bedi Traders Bhilai SE 3B

524 Bhilai Auxiliary Industries Bhilai SE 2B

525 Bhilai Castings Private Limited Bhilai SE 3B

526 Bhilai Coal and Coke Bhilai SE 2C

527 Bhilai Iron and Steel Processing Company

Private Limited Bhilai SE 2B

528 D.K. Fruit Company Bhilai SE 3C

529 Dinoudia Ispat Bhilai SE 3B

530 Durga Industries Bhilai SE 3C

531 Ganpati Tiles Bhilai SE 3C

532 Hitek Medical Systems Bhilai SE 3C

533 Imran Ali Grih Udyog Bhilai SE 3C

534 Jain Enterprises Bhilai SE 2A

535 Jaya Udyog Bhilai SE 3C

536 Jupiter Coal Company Bhilai SE 3C

537 K.V.S. Industries Private Limited Bhilai SE 2B

538 Krishnaraj Fashion Bhilai SE 3B

539 Kushal Chemicals Bhilai SE 2B

540 N. C. Nahar Bhilai SE 3A

541 Nawal Construction Bhilai SE 3B

542 Niros Ispat Private Limited Bhilai SME 4

543 Pilania Steels Private Limited Bhilai SE 2B

544 Rajeev Sharma Bhilai SE 3C

545 Rastogi Industries Limited Bhilai SE 3C

546 Sai Chemicals Private Limited Bhilai SME 2

547 Shree B. R. Steels Bhilai SE 2B

548 Shri Gangajali Education Society Bhilai SE 1A

549 Shri Metcast Private Limited Bhilai SE 3B

550 Shyam Enterprises Bhilai SE 3C

551 Singh Engineering Works Bhilai SE 3B

552 Stair Venture Bhilai SE 3C

553 Starex Minerals Bhilai SE 2B

554 Sunjal Industries Bhilai SE 3C

555 Vedmata Gayatri Shikshan Samiti Bhilai SE 3C

556 Vishwakarma Construction Bhilai SE 3B

557 BBN Food Hi-Tech Processing Private Limited Bilaspur SE 3B

558 Dr. Kumar's Pharmaceuticals Bilaspur SE 2B

559 Ganpati Educational Trust Bilaspur SME 4

560 Ganpati Technical and Medical Education Trust Bilaspur SME 4

561 Hari Om Rice Mill Private Limited Bilaspur SE 2B

562 J B Construction Company Bilaspur SE 3B

563 Krishna Speciality Chemicals Private Limited Bilaspur SE 2B

564 Kwality Electrodes Industries Bilaspur SE 3C

565 Society For IT & Vocational Education Bilaspur SE 3C

566 A R Khan Durg SE 3C

567 Amrit Minerals and Hiring Durg SE 3B

568 Atishmoy Adhikary Durg SE 3C

569 Bajrang Agrotech India Private Limited Durg SE 2B

570 Haryana Rolling Mills (Bhilai) Private Limited Durg SE 3B

571 Kamlesh Broilor Farm Durg SE 3C

572 R K Engineering Durg SE 3C

573 Shobhana Furniture Durg SE 3B

574 Shri Amba Rice Industries Durg SE 3C

575 Super Cooler House Durg SE 4C

576 Surana Khandsari Products Private Limited Durg SE 3C

577 Tirumala Products Durg SE 3C

578 Vardhman Motors Durg SME 3

579 Vikas Chandrakar Poultry Farm Durg SE 3C

580 Yuva Uthaan Samiti Durg SE 3C

581 Shri Shyam Warehousing & Power Private Limited Jangir SE 3B

582 Patel Enterprises Korba SME 2

583 Gayatri Rolling Mills Private Limited Raigarh SE 3C

584 Jagdamba Sponge Private Limited Raigarh SE 2B

585 Jagdamba Structurals (India) Private Limited Raigarh SE 3B

586 Radhey Govind Steel and Alloys Private Limited Raigarh SE 2B

587 Sadguru Ispat Private Limited Raigarh SE 2B

588 Vindhyachal Gases Raigarh SE 3B

589 Aaj Enterprises Raipur SE 3B

590 Agrawal Structure Mills Private Limited Raipur SE 1B

591 Alankar Steels Private Limited Raipur SE 3B

592 Amit Ispat Limited Raipur SME 3

593 Ankit Steels Raipur SE 2B

449 B. B. Industries Vishakapatnam SE 3B

450 Balaji Capstone RMC Plant Vishakapatnam SE 3C

451 Bhupati Hotels Limited Vishakapatnam SME 5

452 Docking and Engineering Company

(Vishakhapatnam) Private Limited Vishakapatnam SE 3B

453 Hi - Tech India Vishakapatnam SE 3B

454 Kalasimha Hospitals Private Limited Vishakapatnam SE 3B

455 Kalyan Aqua & Marine Exports India Private Limited Vishakapatnam SE 3C

456 Lakshmi Narayana Constructions Vishakapatnam SE 3C

457 Mohsin Enterprises Private Limited Vishakapatnam SE 3B

458 P.B.L. Transport Corporation Private Limited Vishakapatnam SME 2

459 Shri Girija Alloys & Power (I) Private Limited Vishakapatnam SME 3

460 Siricon Projects Private Limited Vishakapatnam SE 3B

461 Sri Satya Sai Medical Agencies Vishakapatnam SME 4

462 Venkatadri Woods Vishakapatnam SE 3B

463 Vinflow Controls Vishakapatnam SE 3B

464 Vizag Profiles Limited Vishakapatnam SE 2B

465 Ambica Cotton Industries Warangal SE 3C

466 Balaji Cotex India Private Limited Warangal SE 3B

467 DSP Rice Industries Warangal SE 3C

468 M. S. R. Rice Industries Warangal SE 2C

469 MJR Rice Industries Warangal SE 2C

470 Rama Krishna Rice Industries Warangal SE 2C

471 Sri Mahalaxmi Cotton Seed Oil Industries Warangal SME 4

472 Macrocosm Builders Barpeta SME 2

473 Mrinal Jyothi Das Barpeta SME 3

474 Dr. N. Sahewalla and Company Private Limited Dibrugarh SME 2

475 Net Metallics Dibrugarh SE 3C

476 Pashupati Traders Dibrugarh SME 4

477 Laxmi Tea Processors Company Private Limited Golaghat SE 2B

478 Premier Tea Industries Golaghat SE 2B

479 Radha Pharmaceuticals Golaghat SME 4

480 Sanjiv Tea Industry Private Limited Golaghat SE 3C

481 Assam Petroleum Limited Guwahati SME 2

482 Grihashakti Steels Private Limited Guwahati SME 3

483 Kishlay Foods Private Limited Guwahati SME 2

484 Kishlay Snack Products Guwahati SME 2

485 Monsoon Polymers Private Limited Guwahati SE 3B

486 Parsvnath Trade Link Private Limited Guwahati SME 4

487 RPG Coke Products Guwahati SE 2A

488 Sagar Steels Guwahati SE 1B

489 Surface Tech (India) Private Limited Guwahati SME 2

490 North Eastern Cables & Conductors Private Limited Jorhat SE 1B

491 R N B Motors Kokrajhar SE 2B

492 Brahmaputra Valley Construction Sivasagar SE 3C

493 North East Rolling Mill Private Limited Sivasagar SE 5C

494 Tonmoy Gohain Sivasagar SME 3

495 Udipta Energy and Equipment Private Limited Sivasagar SME 3

496 K. N. Tea Company Private Limited Tinsukia SE 4C

497 Teapro Industries Tinsukia SE 3B

498 Royal Enterprises Bhagalpur SME 4

499 Rupam Enterprises Katihar SE 3B

500 Shakti Mines and Minerals (A unit of Shakti

Agencies Private Limited) Patna SE 2B

501 Samrat Automobiles Private Limited Patna SME 4

502 Singh Bajaj Auto Private Limited Patna SME 3

503 Aditya Vision Private Limited Patna SME 2

504 Aditya Consumer Marketing Private Limited Patna SME 2

505 M. D. International Patna SE 3B

506 Sun Shine Patna SE 3B

507 Third Eye Communications Private Limited Patna SE 3B

508 Arpan Enterprises Patna SE 3B

509 Print Mart India Private Limited Patna SE 3B

510 Astric Computers (India) Private Limited Patna SE 2B

511 Mahakali Motors Private Limited Purnea SME 5

512 Brajesh Automobiles Private Limited Purnea SME 2

513 A. K. Sinha Builders and Developers Bhilai SE 4B

514 Aarbee Infra Limited Bhilai SE 3C

515 Aashirwad Enterprises Bhilai SE 3C

516 Adams Shooe Bhilai SE 3C

517 Adarsh Ispat Udyog Private Limited Bhilai SE 3B

Assam

Bihar

Chhattisgarh

Rating


Rating


CRISIL SME Connect

9

665 Aakash Exploration Services Private Limited Ahmedabad SE 2C

666 Aarkay Food Products Limited Ahmedabad SE 2B

667 Aarya Ites Private Limited Ahmedabad SE 3B

668 ABC Brothers Ahmedabad SE 3C

669 Aditya Agro Chemicals Ahmedabad SE 3B

670 Alok Textile Mills Private Limited Ahmedabad SE 2B

671 Ambica Timber Mart Ahmedabad SME 4

672 Amit N. Shah Ahmedabad SE 2B

673 AMU Pumps Industries Ahmedabad SE 1A

674 Aneeta Technopack Private Limited Ahmedabad SE 3C

675 Apex Fluidomatics Private Limited Ahmedabad SE 2B

676 Archi Exim Private Limited Ahmedabad SE 3C

677 Artex Apparels Ahmedabad SE 3B

678 Arushi Steel Ahmedabad SE 2A

679 Ashish Ferro-met Private Limited Ahmedabad SE 2B

680 Ashmita Papers Private Limited Ahmedabad SE 3C

681 Ashmor Electricals (India) Private Limited Ahmedabad SE 3C

682 B. Patel Infrastructure Private Limited Ahmedabad SE 2B

683 Bhavik Publication Private Limited Ahmedabad SE 2C

684 Bhavna Engineering Company Ahmedabad SE 3C

685 Binaykia Impex Private Limited Ahmedabad SE 3C

686 Cetron Transmission Company Ahmedabad SE 2C

687 Chatrabhuj Steel Ahmedabad SE 2B

688 Choksi Pigments Ahmedabad SE 2B

689 CIMS Hospital Private Limited Ahmedabad SE 3C

690 Confisec Printers Ahmedabad SE 2C

691 Corona Remedies Private Limited Ahmedabad SE 3B

692 Corrocare Industries Ahmedabad SE 3B

693 Crystal Quinone Private Limited Ahmedabad SE 3B

694 Dev Information Technology Private Limited Ahmedabad SE 2B

695 Devsons Products Ahmedabad SE 2B

696 Dhall Enterprise & Engineers Private Limited Ahmedabad SE 2C

697 Dharamraj Jewellers Ahmedabad SE 3B

698 Dhruv Chem Industries Ahmedabad SE 2C

699 Disha Industries Ahmedabad SE 2B

700 Endeavour Instrument Private Limited Ahmedabad SE 3B

701 Erweka (India) Private Limited Ahmedabad SE 3C

702 Fakirsons Papchem Private Limited Ahmedabad SE 3B

703 Finar Chemicals Limited Ahmedabad SE 3C

704 Fluidpack Ahmedabad SE 3B

705 Freshtrop Fruits Limited Ahmedabad SE 2B

706 Girnar Extrusions Private Limited Ahmedabad SE 3C

707 Global Packaging Industries Ahmedabad SE 3B

708 Grippon Profiles and Engineering Private Limited Ahmedabad SE 1C

709 Gujarat Offset Private Limited Ahmedabad SE 3B

710 Gujarat Smelting & Refining Company Limited Ahmedabad SE 3C

711 H. V. Logistics Private Limited Ahmedabad SME 4

712 Hariom Oil Industries Ahmedabad SE 3C

713 Hariom Proteins Private Limited Ahmedabad SE 3C

714 Hi-Tech Outsourcing Services Ahmedabad SE 3B

715 Horizons Lamkraft Private Limited Ahmedabad SE 2B

716 IC ICE Make Refrigeration Private Limited Ahmedabad SE 2C

717 Infab Infrastructure Private Limited Ahmedabad SE 2B

718 Ishan International (A division of Mindpower

Finsource Services Private Limited) Ahmedabad SE 2A

719 Ishwarlal Harjivandas Jewellers Private Limited Ahmedabad SE 2B

720 J & S Infratel Projects Private Limited Ahmedabad SE 3C

721 J. U. Mistry & Sons Ahmedabad SE 3B

722 Jain Plastics Ahmedabad SE 2B

723 Jainam Industries Private Limited Ahmedabad SE 2C

724 Jay Jalaram Ginning Factory Ahmedabad SE 3C

725 Jay Water Management Private Limited Ahmedabad SE 2B

726 Jivant Enterprise Ahmedabad SE 3B

727 K. G. Jewellers Ahmedabad SE 2B

728 Kantam Plaast Ahmedabad SE 2C

729 Karnavati Medical & Educational Trust Ahmedabad SE 2B

730 Kastwel Foundries Ahmedabad SE 2C

731 Kentreck Laboratories Private Limited Ahmedabad SE 3C

732 Khodiyar Ceramics Ahmedabad SE 3C

733 Krishna Concare Private Limited Ahmedabad SE 2B

734 Kundanlal Jewellers Ahmedabad SE 3C

735 Kushal Tradelink Private Limited Ahmedabad SE 3B

736 Landmark Automobiles Private Limited Ahmedabad SE 3B

737 Landmarshal Farm Machinery Private Limited Ahmedabad SE 3B

738 Laxmi Shuttleless Looms Private Limited Ahmedabad SE 3B

739 Mahalaxmi Industries Ahmedabad SE 3B

740 Max Apparels Ahmedabad SE 2B

594 Arihant Traders Raipur SE 3B

595 Balan Transport Raipur SE 2B

596 Bhawani Metals Private Limited Raipur SE 2B

597 Chattisgarh Cold Storage Private Limited Raipur SE 3B

598 D. M. Builders Raipur SE 3C

599 Essel Projects Private Limited Raipur SE 2B

600 Euro Pratik Ispat Private Limited Raipur SME 3

601 Geekay Colonizers and Builders Limited Raipur SE 3C

602 Ispat India Raipur SE 3B

603 Jagdamba Steel and Power - Tech Limited Raipur SE 2B

604 Jai Ambey Metal Works Private Limited Raipur SE 2B

605 Kalindi Power and Steel Limited Raipur SME 3

606 Kanwal Multilayer Raipur SE 3B

607 Krishna Iron Strips and Tubes Private Limited Raipur SE 1C

608 Lahari Laminates Pvt. Ltd. Raipur SE 2B

609 Lingraj Steel And Power Private Limited Raipur SME 3

610 Lupin Gases Private Limited Raipur SE 3B

611 M.M. Foundation Raipur SE 3C

612 Manju Agro Private Limited Raipur SE 1B

613 Monika Real Buildcon Private Limited Raipur SE 3C

614 N S Ispat (India) Private Limited Raipur SE 2B

615 N. R. Ispat and Power Private Limited Raipur SE 2B

616 Om Kiran Ispat Udyog Raipur SE 2B

617 Prayash Developers Private Limited Raipur SE 3B

618 Prestige Metallics Private Limited Raipur SE 3C

619 Prism Infra and Investments Private Limited Raipur SME 4

620 Radhe Hurkat Ispat Private Limited Raipur SE 2B

621 Rainbow Automotive Private Limited Raipur SE 1B

622 Rija Steel and Power Private Limited Raipur SE 2B

623 S. R. Ingots Private Limited Raipur SE 2B

624 Sarwottam Ispat Raipur SE 3B

625 SBT Textiles Private Limited Raipur SE 2B

626 Shiv Snax Private Limited Raipur SE 2B

627 Shivam Steel Corporation Raipur SE 3B

628 Shree Jagdamba Construction Company Raipur SE 3B

629 Shri Girija Smelters Limited Raipur SME 2

630 Singhania Buildcon Private Limited Raipur SE 3C

631 Sky Automobiles Raipur SE 1B

632 Suman Hatcheries Limited Raipur SE 3B

633 Sweta Enterprises Raipur SE 3B

634 U. B. Ventures Private Limited Raipur SE 2C

635 Uday Sponge and Power Limited Raipur SE 3B

636 Varda Projects India Private Limited Raipur SE 3B

637 Vicon Hotels & Resorts (India) Private Limited Raipur SME 4

638 Vindhya Vasini Industries Limited Raipur SME 2

639 Bicky Bricks Company Rajnandgaon SE 3C

640 Yugantar Educational Society Rajnandgaon SE 3B

641 Fibro Laminations Silvassa SE 2B

642 K C Powertracks Silvassa SE 2B

643 Lanflex Cables Silvassa SE 3B

644 Meghna Packaging Silvassa SE 3B

645 Orson Chemicals Silvassa SE 2C

646 Rishab Micro Precision Components Private Limited Silvassa SE 3C

647 Windoors International Limited Silvassa SE 1A

648 Fox Solutions Dadra & Nagar Haveli SE 2B

649 Gujarat Cables & Enamelled Products Private Limited Dadra & Nagar Haveli SE 1B

650 Maruti Poly Pack Dadra & Nagar Haveli SE 3B

651 S & S Packaging Dadra & Nagar Haveli SE 2A

652 Shah Containers Private Limited Dadra & Nagar Haveli SE 2B

653 Wheel Packaging Dadra & Nagar Haveli SE 2B

654 Western Aluminium Industries Dadra & Nagar Haveli SE 3B

655 Shri Pharma Pack Daman SE 2B

656 Clean Cat Conveyors Private Limited Goa SE 2B

657 Ferromar Shipping Private Limited Goa SME 3

658 Gangadhar Narsingdas Agrawal (HUF) Goa SME 2

659 Global Conveyor Systems Private Limited Goa SE 1B

660 Rajaram Solvex Limited Goa SME 3

661 Wallace Pharmaceuticals Private Limited Goa SE 2B

662 Waterways Shipyard Private Limited Goa SME 4

663 Ajanta Industries Goa SE 3C

664 Aakaf Steel Limited Ahmedabad SE 3B

Dadra & Nagar Haveli

Goa

Gujarat

Rating


Rating


CRISIL SME Connect

10

741 Max Vigil Security Private Limited Ahmedabad SE 3C

742 maxEEma Biotech Private Limited Ahmedabad SE 3B

743 Medicare Hygiene Private Limited Ahmedabad SE 3B

744 Metro Wireless Engineering (India) Private Limited Ahmedabad SE 2B

745 Metro Wireless Engineering (India) Private Limited Ahmedabad SE 1B

746 Multi Printers Ahmedabad SE 2B

747 Narayan Marine Tech Private Limited Ahmedabad SE 3C

748 Nichem Industries Ahmedabad SE 3B

749 Nidhi Industries Ahmedabad SE 2B

750 Nidhi Poly Plast Ahmedabad SME 2

751 Nila Infrastructures Limited Ahmedabad SE 3C

752 Optiflex Industries Ahmedabad SE 2B

753 Orbeet Alloy Cast Private Limited Ahmedabad SE 3B

754 Panchal Machinery Ahmedabad SE 3C

755 Panchratna Jewellers Private Limited Ahmedabad SE 2B

756 Parshwanath Colour Chem Ahmedabad SE 2B

757 Patson Engineering Ahmedabad SE 2B

758 Perfect Boring Private Limited Ahmedabad SE 3B

759 Perfect Sign Ahmedabad SME 5

760 Polyvin Corporation (India) Ahmedabad SME 2

761 Power & Instrumentation (Gujarat) Limited Ahmedabad SE 1B

762 Prakash Agro Mills Ahmedabad SE 3C

763 Prashant Industries Ahmedabad SE 2B

764 Prem Conductors Private Limited Ahmedabad SE 3C

765 Prem Udyog Private Limited Ahmedabad SE 2B

766 R K Industries Ahmedabad SE 2B

767 RBZ Jewellers Private Limited Ahmedabad SE 3B

768 Real Laminations Ahmedabad SE 1B

769 Riviera Polymers Private Limited Ahmedabad SE 3C

770 Royal Touch Aluminium Private Limited Ahmedabad SE 3C

771 S. J. Ornaments Private Limited Ahmedabad SE 2B

772 S. K. Enterprise Ahmedabad SE 3C

773 S. P. Chips Potato Private Limited Ahmedabad SE 2B

774 Sagardeep Alloys Private Limited Ahmedabad SE 2B

775 Sahajanand Electricals Ahmedabad SE 2B

776 SAI Consulting Engineers Private Limited Ahmedabad SE 2B

777 Sai Tradelink (Gujrat) Private Limited Ahmedabad SE 3C

778 Sakar Glazed Tiles Private Limited Ahmedabad SME 4

779 Sayona Colors Private Limited Ahmedabad SE 1A

780 Screen-O-Tex India Private Limited Ahmedabad SE 2B

781 Shah Bhogilal Jethalal & Brothers Ahmedabad SE 3C

782 Sheeba Engineering Co. Ahmedabad SE 3C

783 Shital Signs Private Limited Ahmedabad SE 3B

784 Shree Hari Graphics Private Limited Ahmedabad SE 2B

785 Shree Keshariaji Metal Impex Ahmedabad SE 3C

786 Shubham Incorporated Ahmedabad SE 2B

787 Siddhi Corporation Ahmedabad SE 2B

788 Silver Oak Shops and Offices Co-operative

Housing Society Limited Ahmedabad SE 3C

789 SJ Sons Jewellers Ahmedabad SE 2B

790 Sumip Composites Private Limited Ahmedabad SE 3B

791 Suresh Oilfield Units & Maintenance Company Ahmedabad SE 3C

792 Suresh Zaveri Ahmedabad SE 3C

793 Tera Cables India Private Limited Ahmedabad SE 2B

794 Texlab Industries Ahmedabad SE 1A

795 Unick Fix-A-Form & Printers Limited Ahmedabad SE 3C

796 Unison Metals Limited Ahmedabad SE 3B

797 United Polyfab Private Limited Ahmedabad SE 3B

798 Universal Erectors Ahmedabad SE 3C

799 Unnati Ginning Factory Ahmedabad SE 1A

800 Vadilal Chemicals Limited Ahmedabad SE 2B

801 Vibfast Pigments Ahmedabad SE 3B

802 Wellbore Engineering Company Ahmedabad SE 2C

803 Sarjan Construction Private Limited Amreli SE 2B

804 Actuasys Anand SE 2A

805 Atlanta Electricals Private Limited Anand SE 3B

806 Dimple Polymers Anand SE 2C

807 Steel Hacks Industries Anand SE 2C

808 Sun Energy Systems Anand SME 2

809 A. S. Industries Ankleshwar SE 2B

810 Hi-Tech Electrification Engineers Private Limited Ankleshwar SE 2C

811 Infracare Technologies Private Limited Ankleshwar SE 2C

812 Jay Agro Industries Ankleshwar SE 3B

813 Nandosal Industries Ankleshwar SE 3B

814 Pranami Drugs Private Limited Ankleshwar SE 3B

815 Riddhi Pharma Ankleshwar SE 2B

816 Ronak Chemicals Ankleshwar SE 3B

817 Shravan Chemoxide Private Limited Ankleshwar SE 2B

818 Vismita Intermediates Private Limited Ankleshwar SE 2B

819 Jugalkishore Ramkishan Agrawal

Infrastructure Private Limited Banaskantha SE 3B

820 Additol Lubricants Limited Baroda SE 3B

821 Agrawal Associates Baroda SE 3B

822 Agriland Biotech Limited Baroda SE 3B

823 B T Water Treatment Private Limited Baroda SE 1B

824 Best Value Chem Private Limited Baroda SE 3B

825 Comp Air Treatment Systems Private Limited Baroda SE 2B

826 Global Laser Services Baroda SE 3C

827 Gurunanak Engineering Works Baroda SE 2B

828 Link Pharma Chem Limited Baroda SE 2A

829 Perfect Engineering and Allied Works Private Limited Baroda SE 3C

830 Polymechplast Machines Limited Baroda SE 2B

831 Shantilal B. Patel Baroda SE 1B

832 Stanfab Engineering Private Limited Baroda SE 2B

833 Tiki Tar Industries Baroda SME 3

834 Trinity Energy Systems Private Limited Baroda SE 2B

835 Unique Electricals Baroda SE 3B

836 Deepjyoti Hydraulic Engineering Company Bharuch SE 3B

837 Laheri Cotton Industries Bharuch SE 3C

838 Meghdoot Ginning and Pressing

Industries Private Limited Bharuch SE 3B

839 R. R. J. Dyes and Intermediates Limited Bharuch SE 3B

840 Shivangi Industries Bharuch SE 2B

841 Shraddha Motors Private Limited Bharuch SE 3C

842 Eternal Motors Private Limited Bhavnagar SE 2C

843 Kanak Cryo Sales Service And Consultancy Bhavnagar SME 2

844 Khushboo India Private Limited Bhavnagar SE 3B

845 Kings Dehydrated Foods Private Limited Bhavnagar SE 1B

846 Kiran Ship Breaking Company Bhavnagar SE 2B

847 Navneet Ginning & Pressing Private Limited Bhavnagar SE 2C

848 Nilkanth Cotton Industries Bhavnagar SME 1

849 Raj Steel Re-rolling Mill Bhavnagar SME 2

850 Sahyog Gases Private Limited Bhavnagar SE 3C

851 Sanjay Sales Private Limited Bhavnagar SE 1B

852 Shiv Buildindia Private Limited Bhavnagar SE 3B

853 Shree Electromelts Limited Bhavnagar SE 3C

854 Shree Krishna Enterprises Bhavnagar SE 3C

855 Shri Sai Maruti Ginning and Pressing Factory Bhavnagar SE 3B

856 Shyam Steels Private Limited Bhavnagar SE 3C

857 Vijay Steels Bhavnagar SE 3B

858 Delta Mechanical & Electrical Industries Bilimora SE 3B

859 Hydrotronics Industries Bilimora SE 2C

860 LMP Precision Engineering Company Private Limited Bilimora SE 3B

861 Proto Pumps And Motors Private Limited Bilimora SE 2B

862 Vishal Containers Limited Chhatral SE 2B

863 Rudraksh Minechem Private Limited Gandhidham SE 1A

864 Utkal Lumbers Private Limited Gandhidham SE 2B

865 Amul Boards Private Limited Gandhidham SE 1A

866 Land Mark Veneers Private Limited Gandhidham SE 1A

867 Purbanchal Laminates Private Limited Gandhidham SE 1B

868 Purbanchal Lumbers Private Limited Gandhidham SE 1A

869 Purbanchal Veneers Gandhidham SE 1A

870 Ace Circuits Private Limited Gandhinagar SE 2B

871 Balaji Formalin Private Limited Gandhinagar SE 2B

872 Charbhuja Agrochem Private Limited Gandhinagar SE 2A

873 Gujarat Raffia Industries Limited Gandhinagar SE 2B

874 Ionik Castings Private Limited Gandhinagar SE 2B

875 Labh Industries Gandhinagar SE 2B

876 Lancer Laser Tech Limited Gandhinagar SE 3B

877 Masibus Automation And Instrumentation

Private Limited Gandhinagar SE 2B

878 Noble Electrodes Private Limited Gandhinagar SE 2B

879 Shree Additives (Pharma & Foods) Limited Gandhinagar SE 2B

880 Shri Saikiran Cotton Industries Gandhinagar SE 2A

881 SMEW Textile Machinery Private Limited Gandhinagar SE 2B

882 Technomec Roll Manufacturing Company

Private Limited Gandhinagar SE 3B

883 Ajanta Industries Goa SE 3C

884 Khedut Feeds and Foods Private Limited Gondal SE 3B

885 Cas Chem Engineers Halol SE 3B

886 Vinayak Food Products Halol SE 3B

887 Sohni Ceramics Himatnagar SE 2B

888 Bhavin Impex Private Limited Jamnagar SE 2A

889 Geeta Machine Tools Private Limited Jamnagar SE 2C

1

Rating


Rating


CRISIL SME Connect

11

890 Gold Star Battery Private Limited Jamnagar SE 3B

891 Mahalaxmi Extrusions Jamnagar SE 2B

892 Oceanic Solvent Industries Jamnagar SE 3B

893 Parts & Spares Jamnagar SE 2B

894 Perfect Industries Jamnagar SE 1B

895 PNS Metals Private Limited Jamnagar SE 3C

896 Silver Proteins Private Limited Jamnagar SE 2C

897 Siyaram Impex Private Limited Jamnagar SE 2B

898 Siyaram Metal Udyog Private Limited Jamnagar SE 2C

899 Siyaram Metals Private Limited Jamnagar SE 3C

900 Vekaria Engineering Works Private Limited Jamnagar SE 3B

901 Ramvijay Cotton Mills Private Limited Jasdan SE 3C

902 Haji Ali Mohammed Moosa & Company Junagadh SE 3C

903 Max Precision Bearings Private Limited Junagadh SE 1B

904 Mayur Ginning and Pressing Private Limited Junagadh SME 5

905 Vitarag Export Industries Junagadh SE 2B

906 Vaibhav Laxmi Industries Kadi SE 3B

907 Dhanlaxmi Board and Papers Private Limited Kheda SE 2B

908 Chirai Salt (India) Private Limited Kutch SE 1A

909 Indo Brine Industries Limited Kutch SE 2A

910 International Timber Kutch SE 3C

911 Rishi Kiran Logistics Private Limited Kutch SE 2C

912 K. Z. Cotspin India Limited Mehsana SE 2B

913 Kokila Cotton Industries Mehsana SE 3C

914 Kuvarba Cotton Industries Mehsana SE 2B

915 Murlidhar Industries Mehsana SE 2C

916 Omkar Cotton Industries Mehsana SE 2B

917 P. B. Cotton Industries Mehsana SE 2C

918 Raj Agro Mehsana SE 2B

919 Schablona India Limited Mehsana SE 2B

920 Shakti Cotton Industries Mehsana SME 3

921 Sterling Ceramics Mehsana SE 1A

922 Tulsi Cotgin Private Limited Mehsana SE 2B

923 Yogeshwar Cotton Industries Mehsana SE 2B

924 Boss Ceramics Morbi SE 3C

925 Lexso Ceramics Private Limited Morbi SE 3C

926 Lexus Ceramic Private Limited Morbi SE 3B

927 Smile Ceramics Morbi SE 1B

928 Sonam Clock Private Limited Morbi SE 1B

929 Win-tel Ceramics Private Limited Morbi SE 3B

930 Digvijay Engineering Company Navsari SE 2B

931 Laxmi Prasad Pumps Private Limited Navsari SE 3B

932 Om Industries Navsari SE 3C

933 Pradip Polyfils Private Limited Navsari SE 3B

934 Propylon Products Navsari SE 3C

935 Shree Gurunanak Poha Mill Navsari SE 3B

936 Sona Extrusion Private Limited Navsari SE 3C

937 Ultra Filtech Navsari SE 2B

938 Y. N. Dhanani Navsari SE 2B

939 Chemo Tech Engineers Panchmahal SE 2B

940 M. V. Oil Mill Patan SE 1B

941 Om Shri Nagraj Ginning Factory Patan SME 3

942 Pankaj Cotton Industries Patan SE 3C

943 Parmeshwari Industries Patan SE 2B

944 Samoj Cotton Industries Patan SE 3B

945 Shri Ramdev Oil Industries Patan SE 2B

946 Shri Tirupati Industries Patan SE 2C

947 Uma Cotton Industries Patan SE 1B

948 Urvesh Psyllium Industries Limited Patan SME 3

949 Kan Foods Porbandar SE 3B

950 Shrine Engineering Private Limited Porbandar SE 3B

951 Shree Shiv Shakti industries Radhanpur SE 3B

952 Alidhra Pumps Limited Rajkot SE 3C

953 Almighty Agrotech Private Limited Rajkot SE 2C

954 Anmol Agro Industries Rajkot SE 3B

955 Aroma Engineering (India) Private Limited Rajkot SE 2B

956 B B Investment Casting Rajkot SE 3A

957 B. M. Engineering Company Rajkot SE 3B

958 Balson Polyplast private Limited Rajkot SE 3B

959 Blossom Kitchenware Private Limited Rajkot SME 2

960 Brahmani Cotton Industries Rajkot SE 3B

961 Captain Tractors Private Limited Rajkot SE 2B

962 Cast And Blower Company (Gujarat) Private Limited Rajkot SE 3B

963 City Communication Rajkot SE 3C

964 D. Patel Industries Rajkot SE 3B

965 Delight Hydraulic Industries Rajkot SE 3B

966 Delta Technocast Private Limited Rajkot SE 2B

967 Divine Hydraulics Private Limited Rajkot SE 3C

968 Dowel Engineering Works Rajkot SE 1A

969 Echjay Industries Private Limited Rajkot SE 2C

970 Endoc Pharma Rajkot SE 2C

971 EPP Composites Private Limited Rajkot SE 1B

972 Evershine Metals Rajkot SME 1

973 Fieldman Engineers Private Limited Rajkot SE 1A

974 Fishfa Rubbers Limited Rajkot SE 3C

975 Forge & Forge Private Limited Rajkot SE 3B

976 Friends Tools Rajkot SE 2B

977 Godavari Pipes Private Limited Rajkot SME 3

978 Godson Engineering Corporation Rajkot SE 2C

979 Gujarat Lathe Manufacturing Company Private Limited Rajkot SE 3C

980 Himalaya Trans-Logistics Private Limited Rajkot SE 3C

981 Hi-Tech Profile Rajkot SE 3C

982 Inox Ceramics Rajkot SE 2B

983 Intech Forge Rajkot SE 3B

984 J. B. Investigation Agencies Private Limited Rajkot SE 3B

985 Jayshri Ginning & Spinning Private Limited Rajkot SE 2B

986 Jayshri Impex Rajkot SE 2B

987 Kasuma Auto Engineering Private Limited Rajkot SE 3B

988 Kelvin Plastic Private Limited Rajkot SE 2B

989 Lasertech Cutting Solution Rajkot SE 2B

990 Maruti Interior Products Private Limited Rajkot SE 2C

991 Mayur Industries Rajkot SE 2A

992 Micro Ion Coating Private Limited Rajkot SE 2C

993 Moti Industries Rajkot SE 3C

994 Narmada Pipes Rajkot SE 1B

995 National Cotton Industries Rajkot SE 2B

996 Navrang Ceramic Rajkot SE 3B

997 Nimco Pumps Private Limited Rajkot SE 2B

998 Nisan Exports Rajkot SME 1

999 Om Engineering Rajkot SE 3C

1000 Power Product Industries Rajkot SE 2B

1001 Prime Hydraulic and Engineers Rajkot SE 3B

1002 Raviraj Plastics Private Limited Rajkot SE 2C

1003 Real Engineering Co. Rajkot SE 2B

1004 Reckon Tech-Link Rajkot SE 2C

1005 Royal Impex (India) Rajkot SE 2B

1006 Sahyog Cotton and Oil Private Limited Rajkot SE 2B

1007 Saptarshi Process Private Limited Rajkot SE 2B

1008 Sensitive Forge Rajkot SE 3C

1009 Shree Ram Ginning and Pressing Industries Rajkot SE 3C

1010 Shreejikrupa Buildcon Limited Rajkot SE 2C

1011 Shri Raghuvir Cotton And Oil industries Rajkot SE 1B

1012 Siddhivinayak Motors Private Limited Rajkot SE 3C

1013 Silver Engineering Co. Rajkot SE 3B

1014 Silverline Plastpacks Private Limited Rajkot SE 3B

1015 Singhal Power Presses Private Limited Rajkot SE 2B

1016 Solar Technocast Private Limited Rajkot SE 2B

1017 Spare Autotech Private Limited Rajkot SE 2B

1018 Srimanta Overseas Private Limited Rajkot SE 2B

1019 Tha Tulsidas Ramjibhai Rajkot SE 3B

1020 Umiya Cot Fibres Rajkot SE 2A

1021 Universal Technocast Rajkot SE 2B

1022 Vijay Steel Works Rajkot SE 3B

1023 Western Enterprises India Private Limited Rajkot SE 3B

1024 Yamuna Industries Rajkot SE 2B

1025 Zen Polymers Rajkot SE 1B

1026 Perma Construction Aids Private Limited Sarigam SE 3B

1027 Ramesh Products Sarigam SE 2B

1028 Guranditta Mal Tilak Raj Sirsa SE 2B

1029 Acetochem Private Limited Surat SE 3C

1030 Anjali Weaves Private Limited Surat SE 2B

1031 Ankoor Polyplast Private Limited Surat SME 3

1032 A-One Fire Safety Services Surat SE 3B

1033 Astha Goat Farming India Private Limited Surat SE 3B

1034 Astha International Limited Surat SE 3B

1035 B. R. Designs Surat SE 2B

1036 Balvantrai Lallubhai Rotliwala Surat SE 1A

1037 Bhagyarekha Engineers Private Limited Surat SE 2C

1038 Bharti Prints Surat SE 1A

1039 Bhavna Enterprise Surat SE 3B

1040 C. M. C. Textiles Private Limited Surat SE 2B

1041 Chlorotech Engineering Co. Surat SE 2C

1042 Constant Engineering Private Limited Surat SE 2A

1043 Cotmac Electronics (Surat) Private Limited Surat SE 2C

Rating


Rating


CRISIL SME Connect

12

1044 Crony Electricals Surat SE 3B

1045 D. Milan Exports Surat SE 3B

1046 Desai Associates Surat SME 3

1047 Design Point Consult Private Limited Surat SME 2

1048 Detox Corporation Private Limited Surat SE 3B

1049 Divya Fashions Private Limited Surat SE 3B

1050 En-Vision Enviro Engineers Private Limited Surat SE 3C

1051 Fabtech Manufacturing Private Limited Surat SE 2B

1052 Gamaram Synthetics Private Limited Surat SE 2B

1053 Gautam Industrial Corporation Surat SE 1B

1054 Gayatri Engineering Works Surat SE 2B

1055 Genius Fabrics Private Limited Surat SE 2A

1056 Geotex Weaves India Private Limited Surat SE 2B

1057 Hibotex Industries Surat SE 3C

1058 High Tech Garments Private Limited Surat SE 2B

1059 High Tech Weaves (India) Private Limited Surat SE 3B

1060 Honest Machinery Private Limited Surat SE 3B

1061 ICAM Technologies Surat SE 2B

1062 International Creations Private Limited Surat SE 2B

1063 J Korin Cocoon Manufacturing Private Limited Surat SE 2B

1064 J. K. Projects Private Limited Surat SE 3C

1065 Jay Metal Tech Surat SE 3C

1066 Jivan Jyot Motors Private Limited Surat SE 3B

1067 K. K. Engineers Surat SE 3C

1068 Kallpam Trading Surat SE 3B

1069 Kanodia Texturisers Surat SE 3B

1070 Kartik Dyeing and Printing Mills Private Limited Surat SE 2C

1071 Kayavlon Impex Private Limited Surat SE 3C

1072 Kenz Tools India Private Limited Surat SE 3B

1073 Khazana Textile Industries Surat SE 3C

1074 Kinsum Industries Surat SME 3

1075 Kohinoor Techno-Machines Limited Surat SE 2B

1076 Kosas Exports Limited Surat SE 2B

1077 Krishna Precasts Surat SE 2B

1078 Laica Tex (India) Surat SE 2C

1079 Leepee Enterprises Surat SE 1A

1080 Lifebond Machines Private Limited Surat SE 3B

1081 Madhusudan Rayons Private Limited Surat SE 3B

1082 Mahavir Synthesis Private Limited Surat SE 3B

1083 Mahesh Dyeing and Printing Mills Private Limited Surat SE 3C

1084 Max-Tru Engineers Surat SME 4

1085 Mayur Polyfilms Private Limited Surat SE 3C

1086 Mega Collection Surat SE 1B

1087 Metal Fab Engineers Surat SE 3B

1088 Nagindas Kalidas Chapadia Surat SE 3C

1089 Nanavati Motors Surat SE 3B

1090 Narayan Prints Surat SE 2C

1091 National Engineers & Steel Fabricators Surat SE 3C

1092 Nish Automation Private Limited Surat SE 2B

1093 Nobletex Industries Limited Surat SE 3B

1094 Nysa Industries Private Limited Surat SE 3B

1095 Om Satya Exim Private Limited Surat SE 3B

1096 Orient Builders Surat SE 3C

1097 Pacific Ispat Surat SE 3C

1098 Parvati Fabrics Private Limited Surat SE 1B

1099 Patson Foods (India) Private Limited Surat SE 3C

1100 Pooja Agencies Surat SE 2B

1101 Pooja Industrial Agencies Surat SME 3

1102 Priyank Developers Surat SE 3B

1103 Raj Electricals Surat SE 3C

1104 Raj International Limited Surat SE 2C

1105 Raj Wafers Surat SE 2B

1106 Rajdeep Boiler Private Limited Surat SE 3C

1107 Ramchandra Dahyabhai Narrow Fab Private Limited Surat SE 2A

1108 Rangoli Industries Private Limited Surat SE 3C

1109 Ratnesh Raj Chemicals Surat SE 2B

1110 Rohini Enterprises Private Limited Surat SME 2

1111 Rohini Traders Surat SE 3C

1112 Royal Infra Engineering Private Limited Surat SE 3C

1113 S V Sales Corporation Surat SE 3B

1114 S. V. Parikh And Company Surat SE 3B

1115 Sachin Udhyog Nagar Sahkari Mandali Limited Surat SE 3C

1116 Sachinam Fabrics Private Limited Surat SE 2C

1117 Shah Associates Surat SE 2B

1118 Shanta G Foods Private Limited Surat SE 3B

1119 Sharda Syn-Fab Creations Private Limited Surat SME 4

1120 Shipra Enterprise Surat SE 3B

1121 Shree Amba Motorcycles Surat SE 3C

1122 Shree Ambica Auto Sales And Service Surat SE 2B

1123 Shree Ambica Industries Private Limited Surat SE 3B

1124 Shree Fire Pack Insulators Private Limited Surat SE 2C

1125 Shree Ganesh Fastners Surat SE 2B

1126 Shree Kali Fashions Internationals Surat SE 3C

1127 Shree Ram Electric Corporation Surat SE 3B

1128 Shree Ram Electricals Surat SE 3B

1129 Shree Saishraddha Industries Private Limited Surat SE 2B

1130 Shree Venkateshwar Silk Mills Private Limited Surat SE 2B

1131 Shree Yoganand Textiles Private Limited Surat SE 3B

1132 Shri Mahadev Silk Mills Private Limited Surat SE 2B

1133 Shri Rang Sales Corporation Surat SE 3B

1134 Shripad Conchem Private Limited Surat SE 2B

1135 Shripad Corporation Surat SE 2B

1136 Siddhi Constructions Surat SE 2B

1137 Silicon Technologies Surat SME 3

1138 Sonal Construction Company Surat SME 5

1139 Sri Hari Fashion Industries Private Limited Surat SE 2B

1140 Staunch Pharmaceutical Surat SE 1B

1141 Suman Trades Private Limited Surat SE 3B

1142 Sunrise Dyeing and Printing Mills Private Limited Surat SE 3C

1143 Suprabhat Prints Private Limited Surat SE 2B

1144 SVS Tex O Fab Private Limited Surat SE 2B

1145 The Priyank Enterprise Surat SE 2B

1146 Tirupati Sales Corporation Surat SE 1B

1147 Titanium Ten Enterprise Private Limited Surat SE 3B

1148 Transit Geo System Integrators Private Limited Surat SE 1B

1149 Unick Plastic Systems Limited Surat SE 2B

1150 Value Added Fashion Fabrics Private Limited Surat SE 3B

1151 Viken Tape Industries Surat SE 1B

1152 Vivacity Woven Sack Private Limited Surat SE 1B

1153 Viyor Energy Corporation Surat SE 2B

1154 Watech Ro Systems (I) Private Limited Surat SE 3B

1155 Weltech Enterprise Surat SE 2B

1156 Yes Fashions Private Limited Surat SE 1B

1157 Zota Health Care Limited Surat SE 2B

1158 KCI Bearings (India) Private Limited Surendranagar SE 2C

1159 Mahesh Ginning Pressing and Oil Industries Surendranagar SE 2B

1160 Milan Ginning Pressing Private Limited Surendranagar SE 2B

1161 Prakash Ceramics Surendranagar SE 3C

1162 Sanjay Enterprises Surendranagar SE 3B

1163 Shreedhar Cotton Industries Surendranagar SE 1B

1164 Hydro-Pneumatic Techniks Udhna SE 3B

1165 Aaaka Plastics Vadodara SE 2B

1166 ACT Agro Chem Private Limited Vadodara SE 2B

1167 Active Health Care Vadodara SE 2B

1168 Aditya Exim Limited Vadodara SE 2B

1169 Aerzen Machines India Private Limited Vadodara SE 1B

1170 Agni Fiber Boards Private Limited Vadodara SE 2A

1171 Agrawal Cotspin Private Limited Vadodara SME 3

1172 Airon Corporation Vadodara SE 1B

1173 Alfa Hoses & Hydraulics Private Limited Vadodara SE

Crisil Sme Connect May11

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