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       T R O U B L E D   C O M P A N Y   R E P O R T E R

                     A S I A   P A C I F I C

          Thursday, August 15, 2024, Vol. 27, No. 164

                           Headlines



A U S T R A L I A

BLACK STAR: To Shut Melbourne Shop Due to 'Tough Economic Climate'
BUSTECH SA: Placed in Voluntary Administration
CENTRAL CITY: First Creditors' Meeting Set for Aug. 19
CHOI'S SUSHI: First Creditors' Meeting Set for Aug. 19
CYAN STONE: First Creditors' Meeting Set for Aug. 22

E-MERSION MEDIA: Was Losing Money Since its Inception
KOBA INSURANCE: First Creditors' Meeting Set for Aug. 22
SCP DEVELOPMENTS: First Creditors' Meeting Set for Aug. 22


C H I N A

AGILE GROUP: Chairman Sells Hong Kong Flat at 54% Loss
COUNTRY GARDEN: Sees 30% Profit Drop as Property Downturn Drags On
GLOBAL AIRCRAFT: Moody's Rates New $1.1BB First Lien Notes 'Ba2'
HAINAN HAIYAO: Drops as Firm's Vice Chair, Director Quits


I N D I A

AAKARSHIT ICE: CRISIL Keeps B+ Debt Ratings in Not Cooperating
AAYAN MULTITRADE: CRISIL Keeps B Debt Rating in Not Cooperating
ABBELINE IMPEX: CRISIL Keeps D Debt Rating in Not Cooperating
ABHISHEK MOTORS: CRISIL Keeps D Debt Ratings in Not Cooperating
ACCORD HOSPITALITY: CRISIL Keeps B- Rating in Not Cooperating

ACE AUGUSTA: CRISIL Keeps B Debt Rating in Not Cooperating
AGGARWAL INDUSTRIES: CRISIL Keeps B Ratings in Not Cooperating
AIRVISION INDIA: ICRA Keeps B Debt Ratings in Not Cooperating
AISWARYA INFRA: CRISIL Keeps C Debt Ratings in Not Cooperating
AKSHAR SPINTEX: Ind-Ra Cuts Bank Loan Rating to C

AMBICA TEA: CRISIL Keeps B Debt Rating to Not Cooperating
ANANDA BHARATHI: CRISIL Keeps B Debt Ratings in Not Cooperating
ANNUR APA: CRISIL Keeps D Debt Ratings in Not Cooperating
B. B. INTERNATIONAL: CRISIL Keeps B Ratings in Not Cooperating
BARGARH RICE: CRISIL Keeps B Debt Ratings in Not Cooperating

BASANT BETONS: CRISIL Keeps B Debt Ratings in Not Cooperating
BASUDEB ENGINEERING: CRISIL Keeps B Rating in Not Cooperating
BHAGWATI DIAMONDS: CRISIL Keeps B+ Ratings in Not Cooperating
BHASKARA LOGISTICS: CRISIL Keeps B+ Ratings in Not Cooperating
BHAVANI RENEWABLE: CRISIL Keeps B+ Debt Rating in Not Cooperating

BHOJWANI UNIVERSAL: CRISIL Cuts Rating on INR15cr Loan to B
BRIJSONS HETREAT: CRISIL Keeps B Debt Ratings in Not Cooperating
DESH AGRO: CRISIL Moves B Debt Ratings to Not Cooperating
DIACTINIC DEVELOPERS: CRISIL Moves B+ Ratings to Not Cooperating
KRISH AGRO: CRISIL Moves B+ Debt Ratings to Not Cooperating

NANDYALA SATYANARAYANA: ICRA Keeps B+ Ratings in Not Cooperating
NATIONAL (INDIA): ICRA Keeps D Debt Ratings in Not Cooperating
RAJLAXMI MANUFACTURER: CRISIL Moves B Ratings to Not Cooperating
SAMARTH DIAMOND: Ind-Ra Keeps BB Rating in NonCooperating
SATWIK STEEL: Ind-Ra Affirms B+ Bank Loan Rating, Outlook Stable

Z FASHIONS: CRISIL Keeps B+ Debt Ratings in Not Cooperating


N E W   Z E A L A N D

AUCKLAND VEHICLES: Thomas Lee Rodewald Appointed as Receiver
DIGITAL ADVERTISING: Khov Jones Appointed as Receiver
DONBAR CONSTRUCTION: Creditors' Proofs of Debt Due on Sept. 4
LQNZ4 (CHHE): Creditors' Proofs of Debt Due on Aug. 27
WD NORTHLANDS: Rodgers Reidy Appointed as Receivers and Managers



P H I L I P P I N E S

JG SUMMIT: Unit's Net Loss Widens to PHP7.41BB in H1 Ended June 30


S I N G A P O R E

BEAUFORT INTERNATIONAL: Creditors' Proofs of Debt Due on Sept. 11
CKR ENGINEERING: Creditors' Meetings Set for Aug. 28
HALCYON AGRI: Posts US$21.8MM Net Loss for 6 Months Ended June 30
HOTEL PROPERTIES: H1 Net Loss Narrows to SGD4.9 Million
JUBILEE TECHNOLOGY: Creditors' Proofs of Debt Due on Sept. 12

SHINHAN TECH-ENG'G: Court to Hear Wind-Up Petition on Aug. 23
YONGNAM HOLDINGS: Court to Hear Wind-Up Petition on Aug. 23

                           - - - - -


=================
A U S T R A L I A
=================

BLACK STAR: To Shut Melbourne Shop Due to 'Tough Economic Climate'
------------------------------------------------------------------
News.com.au reports that a popular bakery chain has announced it
will close its doors to Melbourne pastry lovers, citing a "tough
economic climate".

Black Star Pastry will serve its final cake at its St Kilda,
Melbourne CBD and Chadstone venues on Aug. 18, the report says.

According to news.com.au, the Black Star team announced the
decision to close its doors in a social media post on Aug. 13, just
five years after the chain set up shop in Melbourne.

"To our cake-loving Melburnians, we have made the difficult
decision to close our doors in Melbourne, with final slices being
served this Sunday 18 August," they wrote.

"For five years, our team have poured their hearts, passion, and
creativity into the making of each cake, pastry and coffee served
across our stores."

News.com.au relates that the company said a series of economic and
staffing factors were behind the decision to leave Melbourne.

"Rising costs, a tough economic climate and an industry-wide
staffing shortage have forced us to consolidate our team and we
will shift our focus to our original home of Sydney," they said.

"We want to thank our loyal regulars, once-in-a-while visitors and
all those who have supported us in the wonderful city of Melbourne.
We had a beautiful journey and many great friendships here and hope
to see you one day, soon."

Stores in Newtown, Sydney CBD, Rosebery, and Chatswood and pop-ups
at Burwood and Broadway will continue to operate as normal,
news.com.au adds.


BUSTECH SA: Placed in Voluntary Administration
----------------------------------------------
InDaily reports that Edinburgh-based BusTech SA, together with its
Queensland counterpart, appointed a voluntary administrator on
August 12.

BusTech SA was party to an AUD11.75 million state government
contract announced in January, in which it would supply vehicle
bodies, with Scania to build the chassis.

According to InDaily, Transport Minister Tom Koutsantonis said he
was concerned about BusTech's situation.

"I'm very concerned about some of their interstate liabilities that
they have, that they'll have to honour," the report quotes Mr.
Koutsantonis as saying on FIVEaa on Aug. 14.

InDaily relates that Mr. Koutsantonis said the government's
contract was with Scania, which then subcontracted to BusTech after
the government required a local manufacturer.

"BusTech is continuing to operate while under voluntary
administration, and existing production targets remain on track,"
he said.

"However, the responsibility for meeting contractual obligations
with the state government ultimately rests with Scania. The state
government has provided what assistance we can to BusTech within
existing contractual mechanisms for an extended period of time."

Mr. Koutsantonis said buses under the contract would still be
provided, InDaily relays.

"In terms of State Government money it's all secure, the buses
we've got being made are all secure, but we really want BusTech to
survive because they do exceptional work," he said.

"We're hoping that they can trade out of this. We're with them,
we're going to be making sure that our contracts remain in place
but in the end they've done some arrangements in other states where
they've got some serious liabilities and that might be what pushes
them over the edge."

BusTech employs around 270 people in Australia, with reports its
Adelaide branch employs 100 staff.

The BusTech Group is 100% owned by Fusion Capital, an
Adelaide-based private equity group.

Based in Queensland, South Australia and Tasmania, BusTech said on
its website that it has plans to open new "micro factories" in NSW
and Victoria.

Ben Verney of Melbourne-based GreyHouse Partners has been appointed
administrator of BusTech SA and QLD, InDaily discloses.


CENTRAL CITY: First Creditors' Meeting Set for Aug. 19
------------------------------------------------------
A first meeting of the creditors in the proceedings of Central City
Pty Limited will be held on Aug. 19, 2024, at 2:00 p.m. via
virtually.

Richard Tucker and John Bumbak of KordaMentha were appointed as
administrators of the company on Aug. 7, 2024.


CHOI'S SUSHI: First Creditors' Meeting Set for Aug. 19
------------------------------------------------------
A first meeting of the creditors in the proceedings of Choi's Sushi
Pty Ltd (trading as Choice Sushi) will be held on Aug. 19, 2024, at
11:00 a.m. via Microsoft Teams.

Anthony Phillip Wright and Neil Robert Cussen of Olvera Advisors
were appointed as administrators of the company on Aug. 18, 2024.


CYAN STONE: First Creditors' Meeting Set for Aug. 22
----------------------------------------------------
A first meeting of the creditors in the proceedings of Cyan Stone
Bringelly (Aus) Pty Ltd will be held on Aug. 22, 2024, at 11:00
a.m. via Zoom.

Stephen Wesley Hathway of Helm Advisory was appointed as
administrators of the company on Aug. 12, 2024.


E-MERSION MEDIA: Was Losing Money Since its Inception
-----------------------------------------------------
News.com.au reports that an Aussie tech start-up that sensationally
collapsed with debts of more than AUD12 million was losing money
since its inception, according to the liquidator's report.

E-Mersion Media, based in Melbourne and with offices also in the
UK, captured investors' interest with its "innovative" idea of
digitising traditional print magazines.

But the media-tech business only managed to make four sales in the
four years it was in operation, coming in at a measly AUD84,274,
the same report stated, news.com.au relays.

The company also received a further AUD200,000 from the
government's JobKeeper grant to pay staff during the Covid-19
pandemic.

And to date, that was all the income E-Mersion Media generated,
from 2020 until it went into liquidation in April this year,
news.com.au relates.

In that same period of time, it racked up losses of AUD12.6 million
since 2020, according to the liquidator's statutory report lodged
with the corporate regulator, ASIC.

E-Mersion Media had attracted about AUD12 million of investment
from 50 mum and dad investors, mostly from Australia, money they
will be unlikely to ever recover.

According to news.com.au, the appointed liquidator, Mathew Gollant
of restructuring firm CJG Advisory, noted in his report to the
corporate regulator that E-Mersion also had an entity and offices
in the UK.

Mr. Gollant has made a claim against the UK E-Mersion entity for
AUD1.48 million.

The company had managed to burn through AUD12 million by incurring
"significant liabilities" including from staff wages, legal fees,
computer and software expenses, and travelling.

News.com.au previously reported that the company had copped
criticism from investors for spending more than AUD1 million over
the course of three years, including business class airfares,
luxury accommodation, fine dining, alcohol, spas and massages.

One of the more extravagant trips from consultants at the company
involved them spending a year at a villa in Doha, the capital of
Qatar, for AUD100,000.


KOBA INSURANCE: First Creditors' Meeting Set for Aug. 22
--------------------------------------------------------
A first meeting of the creditors in the proceedings of Koba
Insurance Pty Ltd, Insurtech Solutions Pty Ltd, and Koba Insurance
Holding Pty Ltd will be held on Aug. 22, 2024, at 11:00 a.m. at
Level 26, 25 Bligh Street, in Sydney, NSW, and via virtual meeting
technology.

Peter Paul Krejci and Jonathon Sherwood Keenan of BRI Ferrier were
appointed as administrators of the company on Aug. 12, 2024.


SCP DEVELOPMENTS: First Creditors' Meeting Set for Aug. 22
----------------------------------------------------------
A first meeting of the creditors in the proceedings of SCP
Developments Pty Ltd, formerly known as Smart Capital Property &
Development Pty. Ltd., will be held on Aug. 22, 2024, at 4:00 p.m.
via virtual meeting technology.

Bill Karageozis of Mcleods Accounting was appointed as
administrator of the company on Aug. 12, 2024.




=========
C H I N A
=========

AGILE GROUP: Chairman Sells Hong Kong Flat at 54% Loss
------------------------------------------------------
South China Morning Post reports that the chairman of distressed
Chinese developer Agile Group Holdings has sold a property in Hong
Kong at less than half the purchase price six years ago.

The 1,239 sq ft three-bedroom flat in Hamburg Villa at 8-10
Eastbourne Road, Kowloon Tong, fetched HK$14.3 million (US$1.83
million), compared with HK$31 million in 2018 when the city's
property market was still soaring, according to Ronald Yue, a
Centaline property agent, who closed the deal, the Post relays.

The price per square foot of HK$11,525 was about 15 per cent lower
than the prevailing market rate, Yue said.

The property was acquired in 2018 by Joint Smart Development, whose
director is Chen Zhuolin, the chairman of Agile, according to the
Companies Registry.

The Post relates that Agile has acquired one-third of the 33 units
in Hamburg Villa, Yue said, adding that the developer had expressed
a desire to acquire the entire building. In 2018, Agile bought five
flats in Hamburg Villa for HK$73 million.

Last year, Agile paid HK$966 million for the 44-unit Dragon Court
at 6 Eastbourne Road, Beacon Hill, Kowloon Tong in a compulsory
en-bloc sale for the redevelopment of the building next to Hamburg
Villa.

With the developer suddenly selling a flat in Hamburg Villa at a
steep loss, market observers are speculating Agile may suspend the
acquisition of the remaining units in the building, the Post says.

According to the Post, the sale came after the cash-trapped
Guangzhou-based developer failed to pay interest on a US$483
million bond maturing in 2025 within the grace period in May. Agile
said in a filing to the Hong Kong stock exchange that it "will not
be able to fulfil all payment obligations under its offshore debts"
in light of the liquidity pressure.

Meanwhile, individuals with links to Agile have borrowed against
more than one Hong Kong property, the Post reports.

The Post relates that Luk Sin-fong, Agile's former vice-chairwoman
and wife of Chen, had taken a loan of an undisclosed amount by
using her 39 South Bay Road multi-storey luxury residential
building in Repulse Bay as collateral, a source said in February.

Luk had been shopping for a HK$500 million facility, the source
said.

Agile also took out a two-year, HK$894 million loan in June 2022 at
an interest rate of 20 per cent per annum as part of a plan to trim
a debt load that amounted to CNY59.49 billion (US$8.3 billion) at
the time, the Post recalls.

It was seeking to refinance its HK$894 million facility, for which
residential projects on Mount Parker Road and King's Road in the
Quarry Bay area serve as collateral, the sources, as cited by the
Post, said.

Agile's total borrowings, including bank loans, senior notes and
mainland corporate bonds, had fallen to CNY53.55 billion at the end
of December 2023. The company reported a loss of CNY13.8 billion in
2023, the Post discloses.

                         About Agile Group

China-based Agile Group Holdings Limited operates as a real estate
development company. The Company develops and markets residential
areas, office buildings, hotels, restaurants, and other related
areas. Agile Group Holdings also provides property management and
educational services.

As reported in the Troubled Company Reporter-Asia Pacific in late
May 2024, Moody's Ratings has downgraded Agile Group Holdings
Limited's corporate family rating to Ca from Caa2 and the company's
senior unsecured rating to C from Caa3/Ca. Moody's has also
maintained the negative outlook.

"The downgrade of Agile's ratings and the negative outlook reflect
the company's weak liquidity with an interest payment default, as
well as Moody's expectation of weak recovery prospects for the
company's bondholders," says Daniel Zhou, a Moody's Assistant Vice
President and Analyst.


COUNTRY GARDEN: Sees 30% Profit Drop as Property Downturn Drags On
------------------------------------------------------------------
Caixin Global reports that Country Garden Services Holdings Co.
Ltd., China's largest residential property manager, forecasts a
drop of more than 30% in net profit for the first half of the year
as the real estate downturn continues to erode business.

Country Garden Services expects a slight increase in first-half
revenue, projecting it to reach between CNY20.9 billion and CNY21.2
billion ($2.9 billion and $2.95 billion), up from CNY20.7 billion a
year ago, Caixin discloses. However, the company anticipates a
significant drop in net profit, estimating it will fall to between
CNY1.36 billion and CNY1.55 billion, down from last year's CNY2.35
billion.

Country Garden Holdings Company Limited (HKEX:2007), an investment
holding company, invests, develops, and constructs real estate
properties primarily in Mainland China. The company operates in two
segments, Property Development and Construction. It develops
residential projects, such as townhouses and condominiums; and car
parks and retail shops. The company also develops, operates, and
manages hotels. In addition, it researches and develops robots;
sells electronic hardware and food; and provides interior
decoration, agriculture, landscape design, investment and
management consulting, cultural activity planning, and real estate
consulting services.

As reported in the Troubled Company Reporter-Asia Pacific in late
February 2024, Kingboard Holdings-backed money lender Ever Credit
on Feb. 27, 2024, filed a winding-up petition against Country
Garden to the Hong Kong High Court for non-payment of a US$205
million loan.

The TCR-AP reported in late March 2024 that Country Garden has
hired Kroll to carry out a liquidation analysis. Kroll, the New
York-headquartered financial advisory firm, is expected to conduct
an independent business review of Country Garden before projecting
a recovery rate for the developer's creditors under a liquidation
scenario, according to Reuters.

The developer defaulted on US$11 billion of offshore bonds last
year and is in the process of an offshore debt restructuring.


GLOBAL AIRCRAFT: Moody's Rates New $1.1BB First Lien Notes 'Ba2'
----------------------------------------------------------------
Moody's Ratings has assigned a Ba2 rating to the $1.1 billion
three-year senior secured first lien notes issued by Global
Aircraft Leasing Co., Ltd. (GALC), the entity that holds Bohai
Leasing Co., Ltd.'s (Bohai) 70% shareholder interest in commercial
aircraft leasing company Avolon Holdings Limited (Avolon, Baa3
stable). The outlook has been changed to stable from negative.

RATINGS RATIONALE

Moody's have assigned a Ba2 rating to the new senior secured notes
based on a pro forma reduction in GALC's debt-to-equity leverage
and strong collateral coverage represented by a pledge of equity
interests in Avolon held by Global Aviation Leasing Co., Ltd.
(GAL), GALC's immediate parent. Proceeds of the new senior secured
notes, together with proceeds from $990 million of shareholder
funding provided by GALC's indirect parent Hong Kong Bohai Leasing
Asset Management Corp., Limited, will fully repay $1.9 billion of
existing GALC senior unsecured notes that mature in September 2024
and to pay issuance fees and expenses. Ratings also consider the
improving performance of Avolon, a competitively well-positioned
and profitable aircraft leasing company based in Dublin, Ireland,
and whose dividends to GALC are the source of servicing the
proposed senior secured notes.

Compared to Avolon's Baa3 issuer rating, the new GALC notes' Ba2
rating reflects one-notch of structural subordination to the senior
unsecured debt issued by Avolon Holdings Funding Limited and
one-notch relating to GALC and Bohai governance considerations,
including complexity and opacity. Structural subordination elevates
the loss severity of the new senior secured notes in the event of
default compared to the debt issued by Avolon. At June 30, 2024,
debt outstanding at Avolon totaled approximately $19 billion.
GALC's $1.9 billion PIK-toggle notes are rated B2, three notches
lower than the proposed $1.1 billion notes, denoting GALC's higher
leverage and the impending maturity of the notes in September
2024.

The new senior secured notes will be well collateralized. The notes
will be secured by a first-priority security interest in the equity
interests in GALC held by GAL, which had an approximate carrying
value of $5.8 billion as of June 30, 2024 (70% of Avolon's $8.3
billion book value). Moody's believe that the franchise strengths
of Avolon in aircraft leasing, the company's history of good
operating performance through industry cycles, as well as its
moderate leverage support the strength of the collateral coverage
provided to holders of the new senior secured notes.

GALC's lower pro forma leverage after the transaction and Avolon's
improving performance prospects provide improved debt service
coverage compared to the existing GALC notes. Like other aircraft
leasing companies, Avolon is witnessing rising air travel volumes
and aircraft lease demand, which along with supply constraints is
lifting aircraft values and lease rates.

The notes indenture will include terms that strengthen creditor
protections, including limits on additional indebtedness,
restricted payments, liens, permitted investments, and asset
sales.

The new senior secured notes transaction is credit neutral for
Avolon's credit profile. The dividend payout by Avolon to its
shareholders is expected to range up to 50% of its earnings,
continuing its historical practice since the existing GALC notes
were issued in 2019. As a result, Moody's expect that Avolon will
be able to maintain its stand-alone capital and liquidity strength
and flexibility. Nevertheless, the existence of the parent company
debt continues to reflect negatively on the quality of Avolon's
capital and the demands on its internally generated liquidity. This
is mitigated by ORIX Corporation's 30% minority interest in Avolon
and its influence through board representation on Avolon's
financial and strategic decisions.

The stable outlook reflects Moody's expectation that the debt
service coverage of the new senior secured notes will be stable to
improving, based on the operating strengths and prospects of Avolon
and that the collateral coverage will remain strong. The stable
outlook also reflects Moody's expectation that governance of GALC
by ultimate parent Bohai will support stability in its ownership
and operating strategies over the next 12-18 months.

FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATING

Moody's could upgrade the rating if Avolon's ratings are upgraded
due to an improvement in its intrinsic credit profile including
stronger earnings.

The rating could be downgraded if Avolon's ratings are downgraded,
or if debt service or collateral coverage of the new notes
otherwise deteriorates materially.

The principal methodology used in this rating was Finance Companies
published in July 2024.

HAINAN HAIYAO: Drops as Firm's Vice Chair, Director Quits
---------------------------------------------------------
Yicai Global reports that shares of Hainan Haiyao fell after the
struggling Chinese pharmaceutical company said its vice chairman
and director has resigned due to personal reasons.

Hainan Haiyao fell 4.9% percent to CNY3.30 (46 US cents) a share as
of 2:25 p.m. in Shenzhen on Aug. 14, after earlier dropping by as
much as 5.5 percent.

Liu Xicheng, who is also the former controlling shareholder of
Hainan Haiyao, will no longer hold any posts at the company, the
Haikou-based firm announced on Aug. 13, according to Yicai.

Problems Liu caused in the past, such as financial compliance, have
been holding Hainan Haiyao back in recent years, Yicai learned.

Yicai, citing an announcement by Hainan Haiyao on June 28, says
there are 28 unresolved lawsuits involving the company and its
subsidiaries, with a total litigation amount of CNY1.15 billion
(USD160.5 million), or 52 percent of the parent company's latest
audited net assets. The firms are the plaintiffs in 18 cases for
CNY877 million (USD122.2 million) and the defendants in the rest.

According to Yicai, Hainan Haiyao saw its operating revenue plunge
to CNY1.5 billion last year from CNY2.6 billion in 2018 while
reporting a net loss after deducting non-recurring gains and losses
of over CNY100 million (USD14 million) a year for five straight
years, totaling more than CNY3.4 billion. China's State-owned
Assets Supervision and Administration Commission took over the firm
in 2020.

Hainan Haiyao expects to have swung into the red with a net loss of
CNY130 million to CNY170 million in the six months ended June 30,
it previously forecasted, Yicai recalls.

Hainan Haiyao inked a deal with Greek peer Pharmathen for exclusive
rights to commercialize its Paliperidone long-acting injection, a
schizophrenia treatment, in China, it announced on Aug. 12, adds
Yicai. Its stock surged by the daily trading limit on Aug. 13
thanks to the agreement.

Hainan Haiyao Co., Ltd. develops, manufactures, and markets
medicine products. The Company produces Chinese traditional
medicines, antineoplastic drugs, antibiotics, and vitamin products.
Hainan Haiyao sells its products domestically and internationally.




=========
I N D I A
=========

AAKARSHIT ICE: CRISIL Keeps B+ Debt Ratings in Not Cooperating
--------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Aakarshit Ice
And Cold Storage Limited (AICSL) continue to be 'CRISIL B+/Stable
Issuer Not Cooperating'.

                         Amount
   Facilities         (INR Crore)   Ratings
   ----------         -----------   -------
   Proposed Long Term     2.49      CRISIL B+/Stable (ISSUER NOT
   Bank Loan Facility               COOPERATING)

   Term Loan              3.50      CRISIL B+/Stable (ISSUER NOT
                                    COOPERATING)

   Working Capital        6.50      CRISIL B+/Stable (ISSUER NOT
   Loan                             COOPERATING)

CRISIL Ratings has been consistently following up with AICSL for
obtaining information through letter and email dated July 11, 2024
among others, apart from telephonic communication. However, the
issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of AICSL, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on AICSL
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
AICSL continues to be 'CRISIL B+/Stable Issuer Not Cooperating'.

Incorporated in 1997 and promoted by Mr Mangal Sain Madaan and his
family, AICSL is engaged in the cold storage business, and trades
in agro commodities such as potato, carrot, chana, and jaggery.


AAYAN MULTITRADE: CRISIL Keeps B Debt Rating in Not Cooperating
---------------------------------------------------------------
CRISIL Ratings said the rating on bank facilities of Aayan
Multitrade LLP (AML) continues to be 'CRISIL B/Stable Issuer Not
Cooperating'.

                         Amount
   Facilities         (INR Crore)     Ratings
   ----------         -----------     -------
   Proposed Long Term      50         CRISIL B/Stable (Issuer Not
   Bank Loan Facility                 Cooperating)

CRISIL Ratings has been consistently following up with AML for
obtaining information through letter and email dated July 11, 2024
among others, apart from telephonic communication. However, the
issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of AML, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on AML
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
AML continues to be 'CRISIL B/Stable Issuer Not Cooperating'.

AML was set up in 2015 at Pune as a partnership between Mr Atul
Kshirsagar and Mr. Sachin The firm trades in molasses and plans to
start sugar factories in Nandurbar and Osmanabad (both in
Maharashtra).


ABBELINE IMPEX: CRISIL Keeps D Debt Rating in Not Cooperating
-------------------------------------------------------------
CRISIL Ratings said the rating on bank facilities of Abbeline Impex
Private Limited (AIPL) continues to be 'CRISIL D Issuer Not
Cooperating'.

                        Amount
   Facilities        (INR Crore)     Ratings
   ----------        -----------     -------
   Buyer Credit Limit     7.5        CRISIL D (Issuer Not
                                     Cooperating)

CRISIL Ratings has been consistently following up with AIPL for
obtaining information through letter and email dated July 11, 2024
among others, apart from telephonic communication. However, the
issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of AIPL, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on AIPL
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
AIPL continues to be 'CRISIL D Issuer Not Cooperating'.

AIPL, incorporated in November 2009, is promoted by Mr. Manish
Gupta and his wife Mrs. Poorvi Gupta. It import heavy metal and
copper scrap in which it trades in the domestic market. Mr. Gupta
and his father-in-law, Mr. Anil Garg, manage business operations.
The registered office of the company is in Mumbai.


ABHISHEK MOTORS: CRISIL Keeps D Debt Ratings in Not Cooperating
---------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Abhishek
Motors Private Limited (AMPL) continue to be 'CRISIL D Issuer Not
Cooperating'.

                        Amount
   Facilities        (INR Crore)     Ratings
   ----------        -----------     -------
   Cash Credit           7.5         CRISIL D (Issuer Not
                                     Cooperating)

   Proposed Long Term    1.6         CRISIL D (Issuer Not
   Bank Loan Facility                Cooperating)

   Term Loan             5.9         CRISIL D (Issuer Not
                                     Cooperating)

CRISIL Ratings has been consistently following up with AMPL for
obtaining information through letter and email dated July 11, 2024
among others, apart from telephonic communication. However, the
issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of AMPL, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on AMPL
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
AMPL continues to be 'CRISIL D Issuer Not Cooperating'.

AMPL, incorporated in 1998 by Guwahati (Assam)-based Mr. Pulak
Goswami, is an authorised dealer of Tata Motor Ltd's passenger cars
in several districts of Assam. The company is also in the
transportation business.


ACCORD HOSPITALITY: CRISIL Keeps B- Rating in Not Cooperating
-------------------------------------------------------------
CRISIL Ratings said the rating on bank facilities of Accord
Hospitality and Services (AHAS) continues to be 'CRISIL B-/Stable
Issuer Not Cooperating'.

                        Amount
   Facilities        (INR Crore)     Ratings
   ----------        -----------     -------
   Term Loan             6.15        CRISIL B-/Stable (Issuer Not
                                     Cooperating)

CRISIL Ratings has been consistently following up with AHAS for
obtaining information through letter and email dated July 11, 2024
among others, apart from telephonic communication. However, the
issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of AHAS, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on AHAS
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
AHAS continues to be 'CRISIL B-/Stable Issuer Not Cooperating'.

AHAS, established in 2011, is engaged in hospitality business. The
firm is promoted by Raigarh-based Mr. Sudip Kumar Moda, Mr. Priti
Sudip Moda and Mr. Mahendra Kumar Loda and is currently setting up
a three-star hotel, Hotel Accord International in Raigarh
(Chhattisgarh).


ACE AUGUSTA: CRISIL Keeps B Debt Rating in Not Cooperating
----------------------------------------------------------
CRISIL Ratings said the rating on bank facilities of ACE Augusta
(Augusta) continues to be 'CRISIL B/Stable Issuer Not
Cooperating'.

                        Amount
   Facilities        (INR Crore)     Ratings
   ----------        -----------     -------
   Project Loan           9.9        CRISIL B/Stable (Issuer Not
                                     Cooperating)

CRISIL Ratings has been consistently following up with Augusta for
obtaining information through letter and email dated July 11, 2024
among others, apart from telephonic communication. However, the
issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of Augusta, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on
Augusta is consistent with 'Assessing Information Adequacy Risk'.
Based on the last available information, the ratings on bank
facilities of Augusta continues to be 'CRISIL B/Stable Issuer Not
Cooperating'.

Set up in 2015, Augusta is a partnership firm of the Jhamtani
group, promoted by Mr. Parmanand Jhamtani, for developing a
residential real estate project, Ace Augusta. The project is
located in Hinjewadi, Pune and has 82 saleable units.


AGGARWAL INDUSTRIES: CRISIL Keeps B Ratings in Not Cooperating
--------------------------------------------------------------
CRISIL Ratings said the rating on bank facilities of Aggarwal
Industries. (AI) continues to be 'CRISIL B/Stable Issuer Not
Cooperating'.

                        Amount
   Facilities        (INR Crore)    Ratings
   ----------        -----------    -------
   Cash Credit            7.5       CRISIL B/Stable (ISSUER NOT
                                    COOPERATING)

CRISIL Ratings has been consistently following up with AI for
obtaining information through letter and email dated July 11, 2024
among others, apart from telephonic communication. However, the
issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of AI, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on AI is
consistent with 'Assessing Information Adequacy Risk'. Based on the
last available information, the ratings on bank facilities of AI
continues to be 'CRISIL B/Stable Issuer Not Cooperating'.

AI, a partnership firm set up in 1977, by Mr. Suresh Jain and Mr.
Sudesh Jain, trades in writing and printing paper.


AIRVISION INDIA: ICRA Keeps B Debt Ratings in Not Cooperating
-------------------------------------------------------------
ICRA has kept the Long-Term and Short-Term ratings of Airvision
India Private Limited (AIPL) in the 'Issuer Not Cooperating'
category. The ratings are denoted as "[ICRA]B (Stable) ISSUER NOT
COOPERATING/[ICRA]A4 ISSUER NOT COOPERATING".

                      Amount
   Facilities      (INR crore)    Ratings
   ----------      -----------    -------
   Long Term-          8.50       [ICRA]B (Stable) ISSUER NOT
   Fund Based-                    COOPERATING; Rating continues
   Cash Credit                    to remain under 'Issuer Not
                                  Cooperating' category

   Long Term-          2.50       [ICRA]B (Stable) ISSUER NOT
   Fund Based-                    COOPERATING; Rating continues
   Term Loan                      to remain under 'Issuer Not
                                  Cooperating' category

   Short Term-        19.00       [ICRA]A4 ISSUER NOT
   Non Fund Based                 COOPERATING; Rating continues
   Others                         to remain under 'Issuer Not
                                  Cooperating' category

As part of its process and in accordance with its rating agreement
with AIPL, ICRA has been trying to seek information from the entity
so as to monitor its performance. Further, ICRA has been sending
repeated reminders to the entity for payment of surveillance fee
that became due. Despite multiple requests by ICRA, the entity's
management has remained non-cooperative. In the absence of
requisite information and in line with the aforesaid policy of
ICRA, the rating has been continued to the "Issuer Not Cooperating"
category. The rating is based on the best available information.

Incorporated in 1995, AIPL is among one of the five Group concerns
of the Noble Group. The company manufactures printed circuit boards
(PCB) used in LED televisions and compact fluorescent light bulbs.
Along with manufacturing PCBs, it is also involved in cooler
assembling.


AISWARYA INFRA: CRISIL Keeps C Debt Ratings in Not Cooperating
--------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Aiswarya
Infrastructure and Services (AIS) continue to be 'CRISIL C Issuer
Not Cooperating'.

                        Amount
   Facilities        (INR Crore)     Ratings
   ----------        -----------     -------
   Long Term Loan         6          CRISIL C (Issuer Not
                                     Cooperating)

   Proposed Long Term     2          CRISIL C (Issuer Not
   Bank Loan Facility                Cooperating)

CRISIL Ratings has been consistently following up with AIS for
obtaining information through letter and email dated July 11, 2024
among others, apart from telephonic communication. However, the
issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of AIS, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on AIS
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
AIS continues to be 'CRISIL C Issuer Not Cooperating'.

Set up in 2007, AIS leases warehouses and commercial spaces in and
around the industrial hub of Kakinada (Andhra Pradesh). Mr. M
Venkata Sasidhar, Mr. M Gowtham, and Mr. M Naveen Krishna are
partners in the firm.


AKSHAR SPINTEX: Ind-Ra Cuts Bank Loan Rating to C
-------------------------------------------------
India Ratings and Research (Ind-Ra) has downgraded Akshar Spintex
Limited's (ASL) bank facilities' ratings to 'IND C (ISSUER NOT
COOPERATING)' from 'IND B-/Stable (ISSUER NOT COOPERATING)'. The
issuer did not participate in the rating exercise despite
continuous requests and follow-ups by the agency through emails and
phone calls. Thus, the rating is based on the best available
information. Therefore, investors and other users are advised to
take appropriate caution while using the rating.

The detailed rating actions are:

-- INR60 mil. Fund-based working capital limit downgraded with
     IND C (ISSUER NOT COOPERATING) rating;

-- INR13.5 mil. Non-fund-based working capital limit downgraded
     with IND C (ISSUER NOT COOPERATING) rating; and

-- INR242.7 mil. Term loan issued on August 31, 2022 downgraded
     with IND C (ISSUER NOT COOPERATING) rating.

Note: ISSUER NOT COOPERATING: Issuer did not co-operate, based on
the best available information.

Detailed Rationale of the Rating Action

The downgrade reflects delays in debt servicing by ASL based on
information available in the public domain. However, Ind-Ra has not
been able to ascertain the reason for the delays, as the company
has been non-cooperative.

The ratings continue to be maintained in non-cooperating category
in accordance with Ind-Ra's Guidelines on What Constitutes
Non-Cooperation.

Non-Cooperation by the Issuer

Ind-Ra has not received adequate information and has not been able
to conduct management interaction with ASL while reviewing the
rating. Ind-Ra had consistently followed up with ASL over emails,
apart from phone calls. The issuer has also not been submitting the
monthly no default statement.

Limitations regarding Information Availability

Ind-Ra is unable to provide an updated forward-looking view on the
credit rating of ASL, as the agency does not have adequate
information to review the rating. If an issuer does not provide
timely business and financial updates to the agency, it indicates
weak governance, particularly in 'Transparency of Financial
Information'. The agency may also consider this as symptomatic of a
possible disruption / distress in the issuer's credit profile.
Therefore, investors and other users are advised to take
appropriate caution while using these ratings. ASL has been
non-cooperative with the agency since April 2019.

About the Company

ASL was incorporated in September 2013 as a private limited
company. On January 5, 2018, the company changed its constitution
to a public limited company. The company is engaged in the business
of cotton yarns and is listed on the Bombay Stock Exchange.



AMBICA TEA: CRISIL Keeps B Debt Rating to Not Cooperating
---------------------------------------------------------
CRISIL Ratings said the rating on bank facilities of Ambica Tea
Estate (ATE) continues to be 'CRISIL B/Stable Issuer Not
Cooperating'.

                        Amount
   Facilities        (INR Crore)    Ratings
   ----------        -----------    -------
   Tea Hypothecation      6.9       CRISIL B/Stable (ISSUER NOT
                                    COOPERATING)

CRISIL Ratings has been consistently following up with ATE for
obtaining information through letter and email dated July 11, 2024
among others, apart from telephonic communication. However, the
issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of ATE, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on ATE
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
ATE continues to be 'CRISIL B/Stable Issuer Not Cooperating'.

Based in Kolkata, ATE is owned and managed by the Bannerjee family.
ATE is an integrated tea player, engaged in cultivation of tea and
manufacturing and selling of CTC (crush, tear, curl) tea and has
its garden in Assam.


ANANDA BHARATHI: CRISIL Keeps B Debt Ratings in Not Cooperating
---------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Ananda
Bharathi Fertilizers (India) Private Limited (ABFPL) continue to be
'CRISIL B/Stable Issuer Not Cooperating'.

                        Amount
   Facilities        (INR Crore)     Ratings
   ----------        -----------     -------
   Cash Credit/           1          CRISIL B/Stable (Issuer Not
   Overdraft facility                Cooperating)

   Long Term Loan         9          CRISIL B/Stable (Issuer Not
                                     Cooperating)

CRISIL Ratings has been consistently following up with ABFPL for
obtaining information through letter and email dated July 11, 2024
among others, apart from telephonic communication. However, the
issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of ABFPL, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on ABFPL
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
ABFPL continues to be 'CRISIL B/Stable Issuer Not Cooperating'.

ABFPL, incorporated in January, 2011 is setting up a facility for
manufacturing customized fertilizers. Based out of Hyderabad
(Telangana), ABFPL is promoted by Mr Rajashekar Rao.


ANNUR APA: CRISIL Keeps D Debt Ratings in Not Cooperating
---------------------------------------------------------
CRISIL Ratings said the rating on bank facilities of Annur A P A
Spinners Private Limited (ASPL) continues to be 'CRISIL D Issuer
Not Cooperating'.

                        Amount
   Facilities        (INR Crore)      Ratings
   ----------        -----------      -------
   Long Term Loan         8.6         CRISIL D (Issuer Not
                                      Cooperating)

CRISIL Ratings has been consistently following up with ASPL for
obtaining information through letter and email dated July 11, 2024
among others, apart from telephonic communication. However, the
issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of ASPL, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on ASPL
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
ASPL continues to be 'CRISIL D Issuer Not Cooperating'.

Incorporated in 2014, Annur A P A Spinners Private Limited (ASPL)
is engaged in the manufacturing of cotton yarn. The manufacturing
unit is located in Tamil Nadu. The company is promoted by Mr. A P
Annamalai, and his wife Mrs. A Kokila.


B. B. INTERNATIONAL: CRISIL Keeps B Ratings in Not Cooperating
--------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of B. B.
International (BBI; a part of the K. M. International group)
continue to be 'CRISIL B/Stable Issuer Not Cooperating'.

                        Amount
   Facilities        (INR Crore)     Ratings
   ----------        -----------     -------
   Cash Credit            5          CRISIL B/Stable (Issuer Not
                                     Cooperating)

   Warehouse Receipts     6          CRISIL B/Stable (Issuer Not
                                     Cooperating)

CRISIL Ratings has been consistently following up with BBI for
obtaining information through letter and email dated July 11, 2024
among others, apart from telephonic communication. However, the
issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of BBI, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on BBI
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
BBI continues to be 'CRISIL B/Stable Issuer Not Cooperating'.

For arriving at its rating, CRISIL Raings has consolidated the
business and financial risk profiles of BBI and K M International
(KMI). This is because both the companies, together referred to
herein as the K M International group, are engaged in similar
businesses and derive significant business synergies owing to
business linkages, and same management.

BBI and KMI were set up in 2000 and 2009, respectively, as
partnerships between Mr Brij Bhushan Mittal and his two sons, Mr
Devender Kumar and Mr Parveen Mittal. The firms undertake milling,
processing and packaging of basmati and non-basmati rice; with BBI
having installed capacity of 14 MT/Hr and KMI having installed
capital of 10 MT/Hr.


BARGARH RICE: CRISIL Keeps B Debt Ratings in Not Cooperating
------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Bargarh Rice
Millers Consortium Private Limited (BRMCPL) continue to be 'CRISIL
B/Stable Issuer Not Cooperating'.

                        Amount
   Facilities        (INR Crore)     Ratings
   ----------        -----------     -------
   Cash Credit            5          CRISIL B/Stable (Issuer Not
                                     Cooperating)

   Proposed Long Term     2          CRISIL B/Stable (Issuer Not
   Bank Loan Facility                Cooperating)

CRISIL Ratings has been consistently following up with BRMCPL for
obtaining information through letter and email dated July 11, 2024
among others, apart from telephonic communication. However, the
issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of BRMCPL, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on
BRMCPL is consistent with 'Assessing Information Adequacy Risk'.
Based on the last available information, the ratings on bank
facilities of BRMCPL continues to be 'CRISIL B/Stable Issuer Not
Cooperating'.

Incorporated in 2006, Orissa-based BRMCPL, promoted by Mr Anand
Sharma and Mr Rohit Kumar Singhal, is engaged in the pressing &
processing of rice bran oil.


BASANT BETONS: CRISIL Keeps B Debt Ratings in Not Cooperating
-------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Basant Betons
(Basant) continue to be 'CRISIL B/Stable Issuer Not Cooperating'.

                        Amount
   Facilities        (INR Crore)     Ratings
   ----------        -----------     -------
   Cash Credit            3.50       CRISIL B/Stable (Issuer Not
                                     Cooperating)

   Long Term Loan        11.65       CRISIL B/Stable (Issuer Not
                                     Cooperating)

   Proposed Long Term    14.35       CRISIL B/Stable (Issuer Not
   Bank Loan Facility                Cooperating)

CRISIL Ratings has been consistently following up with Basant for
obtaining information through letter and email dated July 11, 2024
among others, apart from telephonic communication. However, the
issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of Basant, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on
Basant is consistent with 'Assessing Information Adequacy Risk'.
Based on the last available information, the ratings on bank
facilities of Basant continues to be 'CRISIL B/Stable Issuer Not
Cooperating'.

Set up in 1993, Basant manufactures concrete products used in
making paving pathways, car parks, and other areas. The firm also
sells granite products used in landscaping.


BASUDEB ENGINEERING: CRISIL Keeps B Rating in Not Cooperating
-------------------------------------------------------------
CRISIL Ratings said the rating on bank facilities of Basudeb
Engineering Enterprises Limited (BEEL) continues to be 'CRISIL
B/Stable Issuer Not Cooperating'.

                        Amount
   Facilities        (INR Crore)     Ratings
   ----------        -----------     -------
   Cash Credit            10         CRISIL B/Stable (Issuer Not
                                     Cooperating)

CRISIL Ratings has been consistently following up with BEEL for
obtaining information through letter and email dated July 11, 2024
among others, apart from telephonic communication. However, the
issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of BEEL, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on BEEL
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
BEEL continues to be 'CRISIL B/Stable Issuer Not Cooperating'.

BEEL, incorporated in 1996 and promoted by members of the
Ranchi-based Kataruka family, commenced operations in February
2013. It is an authorised dealer of HCIL's passenger vehicles in
Ranchi, where it has a showroom and workshop.


BHAGWATI DIAMONDS: CRISIL Keeps B+ Ratings in Not Cooperating
-------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Bhagwati
Diamonds Private Limited (BDPL) continue to be 'CRISIL B+/Stable
Issuer Not Cooperating'.

                        Amount
   Facilities        (INR Crore)     Ratings
   ----------        -----------     -------
   Cash Credit            10         CRISIL B+/Stable (Issuer Not
                                     Cooperating)

   Proposed Cash           1.5       CRISIL B+/Stable (Issuer Not
   Credit Limit                      Cooperating)

CRISIL Ratings has been consistently following up with BDPL for
obtaining information through letter and email dated July 11, 2024
among others, apart from telephonic communication. However, the
issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of BDPL, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on BDPL
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
BDPL continues to be 'CRISIL B+/Stable Issuer Not Cooperating'.

BDPL, incorporated in 2007 at Delhi, manufactures and supplies
diamond and gold studded jewellery in Delhi and Haryana. Mr Sanjay
Kumar, Mr Suresh Kumar, and Mr Anuj Garg are the promoters.


BHASKARA LOGISTICS: CRISIL Keeps B+ Ratings in Not Cooperating
--------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Bhaskara
Logistics (BLS) continue to be 'CRISIL B+/Stable Issuer Not
Cooperating'.

                        Amount
   Facilities        (INR Crore)     Ratings
   ----------        -----------     -------
   Cash Credit/           1.5        CRISIL B+/Stable (Issuer Not
   Overdraft facility                Cooperating)

   Cash Term Loan         5.6        CRISIL B+/Stable (Issuer Not
                                     Cooperating)

   Proposed Long Term     2.9        CRISIL B+/Stable (Issuer Not
   Bank Loan Facility                Cooperating)

CRISIL Ratings has been consistently following up with BLS for
obtaining information through letter and email dated July 11, 2024
among others, apart from telephonic communication. However, the
issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of BLS, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on BLS
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
BLS continues to be 'CRISIL B+/Stable Issuer Not Cooperating'.

BLS, established by Mr Chelasani Bhargav, as a proprietorship firm,
is engaged in bulk road transport services. The firm is
headquartered in Vijayawada, Andhra Pradesh, and provides services
across southern, western, and central India.


BHAVANI RENEWABLE: CRISIL Keeps B+ Debt Rating in Not Cooperating
-----------------------------------------------------------------
CRISIL Ratings said the rating on bank facilities of Bhavani
Renewable Energy Private Limited (BREPL) continues to be 'CRISIL
B+/Stable Issuer Not Cooperating'.

                        Amount
   Facilities        (INR Crore)     Ratings
   ----------        -----------     -------
   Long Term Loan         11         CRISIL B+/Stable (Issuer Not
                                     Cooperating)

CRISIL Ratings has been consistently following up with BREPL for
obtaining information through letter and email dated July 11, 2024
among others, apart from telephonic communication. However, the
issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of BREPL, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on BREPL
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
BREPL continues to be 'CRISIL B+/Stable Issuer Not Cooperating'.

Incorporated in June 2010, Bhavani Renewable Energy Private Limited
(BREPL) is promoted by Mr. Bhanu Pratap Singh. The company operates
a 4MW Hydro Electric Project in Kangra, Himachal Pradesh,
commercial operations of which started in June 2013.


BHOJWANI UNIVERSAL: CRISIL Cuts Rating on INR15cr Loan to B
-----------------------------------------------------------
CRISIL Ratings has revised the ratings on bank facilities of
Bhojwani Universal Impex Private Limited (BUIPL) to 'CRISIL
B/Stable Issuer Not Cooperating' from 'CRISIL BB+/Stable Issuer Not
Cooperating'.

                        Amount
   Facilities        (INR Crore)     Ratings
   ----------        -----------     -------
   Foreign Bill           15         CRISIL B/Stable (ISSUER NOT
   Discounting                       COOPERATING; Revised from
                                     'CRISIL BB+/Stable ISSUER
                                     NOT COOPERATING')

CRISIL Ratings has been consistently following up with BUIPL for
obtaining information through letter and email dated July 11, 2024
among others, apart from telephonic communication. However, the
issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of BUIPL, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on BUIPL
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
BUIPL Revised to 'CRISIL B/Stable Issuer Not Cooperating' from
'CRISIL BB+/Stable Issuer Not Cooperating'.

Bhojwani Universal Impex was formed as a proprietary concern in
2002 and converted into a limited company in April 2014. The
company exports bulk drugs, fabrics, invertor, food items, and
machinery to Nigeria. Daily operations are managed by the director,
Mr Jagdish Bhojwani.


BRIJSONS HETREAT: CRISIL Keeps B Debt Ratings in Not Cooperating
----------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Brijsons
Hetreat (BHT) continue to be 'CRISIL B/Stable Issuer Not
Cooperating'.

                        Amount
   Facilities        (INR Crore)     Ratings
   ----------        -----------     -------
   Cash Credit            8.7        CRISIL B/Stable (Issuer Not
                                     Cooperating)

   Term Loan              0.3        CRISIL B/Stable (Issuer Not
                                     Cooperating)

CRISIL Ratings has been consistently following up with BHT for
obtaining information through letter and email dated July 11, 2024
among others, apart from telephonic communication. However, the
issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of BHT, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on BHT
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
BHT continues to be 'CRISIL B/Stable Issuer Not Cooperating'.

BHT was established in 1998. The firm is owned and managed by Mr
Ravinder Soni, Mr Vivek Soni and other partners. It manufactures
steel wire products such as barbed wire, interlink chain and fine
wire. BHT markets it under the brand name, Brijsons. The firm's
manufacturing facility is located in Bhadroya near Damtal in
Himachal Pradesh.


DESH AGRO: CRISIL Moves B Debt Ratings to Not Cooperating
---------------------------------------------------------
CRISIL Ratings has migrated the rating on bank facilities of Desh
Agro Private Limited (DAPL) to 'CRISIL B/Stable Issuer Not
Cooperating'.

                        Amount
   Facilities        (INR Crore)    Ratings
   ----------        -----------    -------
   Cash Credit           100        CRISIL B/Stable (ISSUER NOT
                                    COOPERATING; Rating Migrated)

   Cash Credit           100        CRISIL B/Stable (ISSUER NOT
                                    COOPERATING; Rating Migrated)

   Term Loan               4        CRISIL B/Stable (ISSUER NOT
                                    COOPERATING; Rating Migrated)

   Term Loan              55        CRISIL B/Stable (ISSUER NOT
                                    COOPERATING; Rating Migrated)

   Term Loan              61        CRISIL B/Stable (ISSUER NOT
                                    COOPERATING; Rating Migrated)

CRISIL Ratings has been consistently following up with DAPL for
obtaining NDS through letters/emails dated May 31, 2024, June 29,
2024 and July 31, 2024 among others, apart from telephonic
communication to seek the same. After non-receipt of NDS for 2
consecutive months, we also sent a letter dated July 22, 2024
reminding the issuer to share the NDS. However, the issuer has
remained non cooperative. CRISIL Ratings has also tried to reach
out to the lenders of DAPL to confirm timely debt servicing during
these months, but awaits any feedback.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive NDSs from DAPL, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. Further, non-sharing of NDS by issuers may reflect
operational issues faced by issuers in some cases. On the other
hand, it may be a beginning of a general non-cooperation and may
extend to non-submission of other information.

CRISIL Ratings believes that rating action on DAPL is consistent
with 'Assessing Information Adequacy Risk'. Based on the last
available information, the rating on bank facilities of DAPL
migrated to 'CRISIL B/Stable Issuer Not Cooperating'

DAPL was incorporated in 2021 and is promoted by Riteish Vilasrao
Deshmukh and Genelia Riteish Deshmukh. It is involved in soybean
extraction, and has a 1,300 tonne per day (TPD) soyabean solvent
extraction plant and a 400-TPD refinery in Latur, Maharashtra.


DIACTINIC DEVELOPERS: CRISIL Moves B+ Ratings to Not Cooperating
----------------------------------------------------------------
CRISIL Ratings has migrated the rating on bank facilities of
Diactinic Developers Private Limited (DDPL) to 'CRISIL B+/Stable
Issuer not cooperating'.

                        Amount
   Facilities        (INR Crore)     Ratings
   ----------        -----------     -------
   Cash Credit           7.25        CRISIL B+/Stable (Issuer Not
                                     COOPERATING; Rating Migrated)

   Proposed Cash         0.54        CRISIL B+/Stable (Issuer Not
   Credit Limit                      COOPERATING; Rating Migrated)

   Working Capital       1.45        CRISIL B+/Stable (Issuer Not
   Demand Loan                       COOPERATING; Rating Migrated)

CRISIL Ratings has been consistently following up with DDPL for
obtaining information through letter and email dated July 19, 2024
among others, apart from telephonic communication. However, the
issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of DDPL, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on DDPL
is consistent with 'Assessing Information Adequacy Risk'.
Therefore, on account of inadequate information and lack of
management cooperation, CRISIL Ratings has migrated the rating on
bank facilities of DDPL to 'CRISIL B+/Stable Issuer not
cooperating'.

Incorporated on March 14, 2017 and located in Kasba (West Bengal),
DDPL is owned and managed by Mr Debasis Ghosh. The company has
taken over the business of DD Construction and both entities will
be merged over time. DDPL, a registered micro, small and medium
enterprise is engaged in civil construction works, such as
construction of buildings, roads, bridges, de-silting of rivers and
re-sectioning of canals.

KRISH AGRO: CRISIL Moves B+ Debt Ratings to Not Cooperating
-----------------------------------------------------------
CRISIL Ratings has migrated the ratings on bank facilities of Krish
Agro Farms Private Limited (KAFPL) to 'CRISIL B+/Stable Issuer Not
Cooperating'.

                        Amount
   Facilities        (INR Crore)    Ratings
   ----------        -----------    -------
   Cash Credit            15        CRISIL B+/Stable (ISSUER NOT
                                    COOPERATING; Rating Migrated)

   Term Loan               3.3      CRISIL B+/Stable (ISSUER NOT
                                    COOPERATING; Rating Migrated)

   Term Loan               3.7      CRISIL B+/Stable (ISSUER NOT
                                    COOPERATING; Rating Migrated)

CRISIL Ratings has been consistently following up with KAFPL for
obtaining NDS through letters/emails dated May 31, 2024, June 29,
2024 and July 31, 2024 among others, apart from telephonic
communication to seek the same. After non-receipt of NDS for 2
consecutive months, we also sent a letter dated July 22, 2024
reminding the issuer to share the NDS. However, the issuer has
remained non cooperative. CRISIL Ratings has also tried to reach
out to the lenders of KAFPL to confirm timely debt servicing during
these months, but awaits any feedback.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive NDSs from KAFPL, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. Further, non-sharing of NDS by issuers may reflect
operational issues faced by issuers in some cases. On the other
hand, it may be a beginning of a general non-cooperation and may
extend to non-submission of other information.

CRISIL Ratings believes that rating action on KAFPL is consistent
with 'Assessing Information Adequacy Risk'. Based on the last
available information, the rating on bank facilities of KAFPL
migrated to 'CRISIL B+/Stable Issuer Not Cooperating'

Incorporated in 2013 and owned by Mr Chandra Jeet Shaw, KAFPL
processes and mills non-basmati and parmal rice and produces broken
rice and rice bran at its unit in Hooghly, West Bengal.


NANDYALA SATYANARAYANA: ICRA Keeps B+ Ratings in Not Cooperating
----------------------------------------------------------------
ICRA has kept the Long-Term and Short-Term ratings of Nandyala
Satyanarayana (NS) in the 'Issuer Not Cooperating' category. The
ratings are denoted as "[ICRA]B+(Stable) ISSUER NOT
COOPERATING/[ICRA]A4 ISSUER NOT COOPERATING".

                      Amount
   Facilities      (INR crore)    Ratings
   ----------      -----------    -------
   Long Term-          0.10       [ICRA]B+ (Stable) ISSUER NOT
   Fund Based-                    COOPERATING; Rating continues
   Cash Credit                    to remain under 'Issuer Not
                                  Cooperating' category

   Long Term/        127.50       [ICRA]B+ (Stable)/[ICRA]A4;
   Short Term-                    ISSUER NOT COOPERATING;
   Fund Based                     Rating Continues to remain
   Cash Credit                    under issuer not cooperating
                                  category

   Long Term/          1.90       [ICRA]B+ (Stable)/[ICRA]A4;
   Short Term-                    ISSUER NOT COOPERATING;
   Unallocated                    Rating Continues to remain
                                  under issuer not cooperating
                                  category
   Short Term-         0.50        [ICRA]A4 ISSUER NOT
   Non Fund Based                  COOPERATING; Rating continues
   Others                          to remain under 'Issuer Not
                                   Cooperating' category

As part of its process and in accordance with its rating agreement
with NS, ICRA has been trying to seek information from the entity
so as to monitor its performance. Further, ICRA has been sending
repeated reminders to the entity for payment of surveillance fee
that became due. Despite multiple requests by ICRA, the entity's
management has remained non-cooperative. In the absence of
requisite information and in line with the aforesaid policy of
ICRA, the rating has been continued to the "Issuer Not Cooperating"
category. The rating is based on the best available information.

Nandyala Satyanarayana (NS), a proprietorship concern which
commenced operations in 1985, is a government recognized Star
export house, and is engaged in export of food products to the
customers in South East Asian countries like Thailand, Vietnam,
Philippines, Malaysia, Singapore etc. The entity is located in
Tadepalligudam of West Godavari district of Andhra Pradesh. NS
mainly deals in exports of various spices predominantly Dry
Chillies.


NATIONAL (INDIA): ICRA Keeps D Debt Ratings in Not Cooperating
--------------------------------------------------------------
ICRA has kept the Long-Term and Short-Term ratings of National
(India) Contractors & Engineers (NICE) in the 'Issuer Not
Cooperating' category. The ratings are denoted as "[ICRA]D ISSUER
NOT COOPERATING/[ICRA]D ISSUER NOT COOPERATING".

                    Amount
   Facilities     (INR crore)   Ratings
   ----------     -----------   -------
   Long-term-         7.00      [ICRA]D; ISSUER NOT COOPERATING;
   Fund based                   Rating Continues to remain under
   Cash Credit                  'Issuer Not Cooperating'
                                Category

   Long-term/         3.15      [ICRA]D/[ICRA]D; ISSUER NOT
   Short Term                   COOPERATING; Rating Continues to
   Unallocated                  remain under 'Issuer Not
                                Cooperating' Category

   Long-term/        14.35      [ICRA]D/[ICRA]D; ISSUER NOT
   Short Term                   COOPERATING; Rating Continues to
   Non Fund Based/              remain under 'Issuer Not
   Others                       Cooperating' Category

As part of its process and in accordance with its rating agreement
with NICE, ICRA has been trying to seek information from the entity
so as to monitor its performance. Further, ICRA has been sending
repeated reminders to the entity for payment of surveillance fee
that became due. Despite multiple requests by ICRA, the entity's
management has remained non-cooperative. In the absence of
requisite information and in line with the aforesaid policy of
ICRA, the rating has been continued to the "Issuer Not Cooperating"
category. The rating is based on the best available information.

NICE was set up in 1962 by Mr. Usmangani Khatri and is at present
managed by three partners, Mr. Faruk Khatri, Mr. Zuber Khatri and
Mr. Rizwan Khatri. The firm is involved in the construction of
buildings, factories, townships and universities, as well as in the
trading metals and primarily steel. The firm is based out of Mumbai
and executes construction projects primarily in Maharashtra and
Rajasthan.


RAJLAXMI MANUFACTURER: CRISIL Moves B Ratings to Not Cooperating
----------------------------------------------------------------
CRISIL Ratings has migrated the ratings on bank facilities of
Rajlaxmi Manufacturer Private Limited (RMPL) to 'CRISIL B/Stable
Issuer Not Cooperating'

                        Amount
   Facilities        (INR Crore)    Ratings
   ----------        -----------    -------
   Proposed Cash          2         CRISIL B/Stable (ISSUER NOT
   Credit Limit                     COOPERATING; Rating Migrated)

   Proposed Long Term     3         CRISIL B/Stable (ISSUER NOT
   Bank Loan Facility               COOPERATING; Rating Migrated)

CRISIL Ratings has been consistently following up with RMPL for
obtaining NDS through letters/emails dated May 31, 2024, June 29,
2024 and July 31, 2024 among others, apart from telephonic
communication to seek the same. After non-receipt of NDS for 2
consecutive months, we also sent a letter dated July 22, 2024
reminding the issuer to share the NDS. However, the issuer has
remained non cooperative. CRISIL Ratings has also tried to reach
out to the lenders of RMPL to confirm timely debt servicing during
these months, but awaits any feedback.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive NDSs from RMPL, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. Further, non-sharing of NDS by issuers may reflect
operational issues faced by issuers in some cases. On the other
hand, it may be a beginning of a general non-cooperation and may
extend to non-submission of other information.

CRISIL Ratings believes that rating action on RMPL is consistent
with 'Assessing Information Adequacy Risk'. Based on the last
available information, the rating on bank facilities of RMPL
migrated to 'CRISIL B/Stable Issuer Not Cooperating'

RMPL was incorporated in 2019. It is involved in manufacture and
sale of home and office furniture. The production facility is at
Mangalwedha, Solapur, Maharashtra. Operations are managed by the
promoters, Mr Kiran Sangolkar and Mr Vikas Sangolkar.


SAMARTH DIAMOND: Ind-Ra Keeps BB Rating in NonCooperating
---------------------------------------------------------
India Ratings and Research (Ind-Ra) has maintained Samarth
Diamond's bank loan ratings in the non-cooperating category and has
simultaneously withdrawn the same.

The detailed rating actions are:

-- INR490 mil. Fund-based facilities* maintained in non-co  
     operating category and withdrawn; and

-- INR51 mil. Non-fund-based facilities# maintained in non-
     cooperating category and withdrawn.

Note: ISSUER NOT COOPERATING: Issuer did not co-operate; based on
best available information

WD: Rating withdrawn

*Maintained  in 'IND BB/Stable (ISSUER NOT COOPERATING)/ IND A4+
(ISSUER NOT COOPERATING)' before being withdrawn

#Maintained in 'IND A4+ (ISSUER NOT COOPERATING)' before being
withdrawn

Detailed Rationale of the Rating Action

The ratings have been maintained in the non-cooperating category
before being withdrawn as the issuer did not participate in the
rating exercise despite repeated requests by the agency through
phone calls and emails and has not provided information about
latest audited financial statements, sanctioned bank facilities and
utilization, business plans and projections for the next three
years, information on corporate governance, and management
certificate. This is in accordance with Ind-Ra's policy of
'Guidelines on What Constitutes Non-cooperation'.

Ind-Ra is no longer required to maintain the ratings, as the agency
has received a no-objection certificate from the lenders and a
request for withdrawal of ratings from the company. This is
consistent with Ind-Ra's Policy on Withdrawal of Ratings. Ind-Ra
will no longer provide analytical and rating coverage for the
company.

Non-Cooperation by the Issuer

Ind-Ra has not received adequate information and has not been able
to conduct management interaction with Samarth Diamond while
reviewing the ratings. Ind-Ra had consistently followed up with
Samarth Diamond over emails, apart from phone calls. The issuer has
also not been submitting its monthly no default statement.

Limitations regarding Information Availability
Ind-Ra is unable to provide an updated forward-looking view on the
credit rating of Samarth Diamond, as the agency does not have
adequate information to review the rating. If an issuer does not
provide timely business and financial updates to the agency, it
indicates weak governance, particularly in 'Transparency of
Financial Information'. The agency may also consider this as
symptomatic of a possible disruption / distress in the issuer's
credit profile. Therefore, investors and other users are advised to
take appropriate caution while using these ratings.

About the Company

SMD was established in 1987 as a proprietorship entity and was
subsequently converted into a partnership concern. The entity is
engaged in the processing and export of cut and polished diamonds.
  


SATWIK STEEL: Ind-Ra Affirms B+ Bank Loan Rating, Outlook Stable
----------------------------------------------------------------
India Ratings and Research (Ind-Ra) has taken the following rating
actions on Satwik Steel Private Limited's (SSPL) bank facilities:

-- INR600 mil. Fund based working capital limit assigned with IND

     B+/Stable rating; and

-- INR200 mil. Fund-based working capital limits affirmed with
     IND B+/Stable rating.

Detailed Rationale of the Rating Action

The rating reflects SSPL's modest credit metrics, a declined and
modest EBITDA margin, high customer and geographical concentration
and poor liquidity in FY24. However, the rating is supported by the
company's experienced promoter and Ind-Ra's expectation of an
increase in the revenue in FY25, on account of the addition of
billets in wholesale trading.

Detailed Description of Key Rating Drivers

Modest Credit Metrics: Ind-Ra expects the company's credit metrics
to improve on an increase in the EBITDA, but remain at modest
levels in FY25. In FY24, the interest coverage (operating
EBITDA/gross interest expenses) stood at 1.42x (FY23: 1.15x) and
the adjusted net leverage (adjusted net debt/operating EBITDAR) at
12.80x (5.73x). In FY24, the interest coverage improved due to a
reduction in the finance cost as the company did not avail any bank
loan facility over June-January 2024. It had funds available in its
current account and the business volume was low. However, the net
leverage declined due to a reduction in the EBITDA to INR18.07
million in FY24 (FY23: INR28.65 million), coupled with an increase
in the total debt to INR246.94 million (INR178.18 million).

High Customer and Geographical Concentration: In FY24, SSPL made
more than 95% of its sales to Magadh Industries Private Limited, in
which a relative of the promoter holds the majority stake.
Moreover, the company supplies its products only in Bihar,
indicating high geographical concentration.

Modest EBITDA Margin: SSPL's modest EBITDA margin declined to 3.23%
in FY24 (FY23: 10.25%) with a return on capital employed of 5.7%
(10.4%). In FY23, the EBITDA margin was higher because of a write
back of old creditors of INR14.44 million. In FY24, there was no
write back of old creditors, nor it is likely to take place in
future. Additionally, SSPL has started wholesale trading of billets
with a revenue of INR486.68 in FY24. The margin earned in the
wholesale business is lower than the margin earned in the existing
retail business, leading to the decline in overall margin. Hence,
Ind-Ra expect the EBIDTA margin to decline in FY25, as the
proportion of revenue from the wholesale business would increase.

Poor Liquidity: The cash flow from operations turned negative at
INR114.28 million in FY24 (FY23: INR32.54 million) due to adverse
changes in the working capital. The elongated net working capital
cycle stood improved to 202 days in FY24 (FY23: 280 days), mainly
on account of a reduction in the debtor days to 187 (235) and
inventory to 14 (46). Furthermore, SSPL does not have any capital
market exposure and relies on banks and financial institutions to
meet its funding requirements.

Medium Scale of Operations; Likely to Improve: In FY25, Ind-Ra
expects the revenue to improve substantially due to the high-volume
sale of billets. SSPL's revenue improved to INR559.97 million in
FY24 (FY23: INR279.45 million) as SSPL started trading of billets
on wholesale basis. Till 3MFY25, SSPL booked a revenue of INR952
million.

Experienced Promoters: The ratings are supported by the promoters'
more than one decade of experience in the building material
industry. This has facilitated the company to establish strong
relationships with customers as well as suppliers.

Liquidity

Poor: SSPL's average maximum utilization of the fund-based limits
was 81.50% during the 12 months ended June 2024. The cash and cash
equivalents stood at INR8.5 million at FYE24 (FYE23: INR13.94
million). There is no scheduled debt repayment as there is no term
loan with the company.

Rating Sensitivities

Negative: A decline in the scale of operations, leading to
deterioration in the overall credit metrics and/or further pressure
on the liquidity position, could lead to negative rating action.

Positive: An increase in the scale of operations, along with an
improvement in the overall credit metrics with the interest
coverage sustaining above 1.3x along with an improvement the
liquidity profile, could lead to a positive rating action.

About the Company

Incorporated in 2010, SSPL is engaged in the trading of building
materials which includes billets, bar & rods, wire ring, etc. The
company is promoted by Rashmi Rani and has operations in Bihar.



Z FASHIONS: CRISIL Keeps B+ Debt Ratings in Not Cooperating
-----------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Z Fashions
(ZF) continue to be 'CRISIL B+/Stable Issuer Not Cooperating'.

                        Amount
   Facilities        (INR Crore)     Ratings
   ----------        -----------     -------
   Cash Credit            5          CRISIL B+/Stable (Issuer Not
                                     Cooperating)

   Proposed Cash          2.5        CRISIL B+/Stable (Issuer Not
   Credit Limit                      Cooperating)

   Proposed Long Term     2.5        CRISIL B+/Stable (Issuer Not
   Bank Loan Facility                Cooperating)

CRISIL Ratings has been consistently following up with ZF for
obtaining information through letter and email dated July 11, 2024
among others, apart from telephonic communication. However, the
issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of ZF, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on ZF is
consistent with 'Assessing Information Adequacy Risk'. Based on the
last available information, the ratings on bank facilities of ZF
continues to be 'CRISIL B+/Stable Issuer Not Cooperating'.

Set up as a proprietorship concern in 2002 by Mr. Jinu V, ZF is the
sole Indian manufacturer of readymade garments for Canada-based
brands, Horse and Ride, Boston Bug, and Ferry & Tail. ZF is based
in Tirupur (Tamil Nadu).




=====================
N E W   Z E A L A N D
=====================

AUCKLAND VEHICLES: Thomas Lee Rodewald Appointed as Receiver
------------------------------------------------------------
Thomas Lee Rodewald of Rodewald Consulting on Aug. 9, 2024, were
appointed as receivers and managers of Auckland Vehicles Limited.

The receiver and manager may be reached at:

          C/- Rodewald Consulting Limited
          Level 1, The Hub
          525 Cameron Road
          PO Box 15543
          Tauranga 3144


DIGITAL ADVERTISING: Khov Jones Appointed as Receiver
-----------------------------------------------------
Steven Khov and Kieran Jones of Khov Jones on Aug. 13, 2024, were
appointed as receivers and managers of Digital Advertising
Limited.

The receivers may be reached at:

          Khov Jones Limited
          PO Box 302261
          North Harbour
          Auckland 0751


DONBAR CONSTRUCTION: Creditors' Proofs of Debt Due on Sept. 4
-------------------------------------------------------------
Creditors of Donbar Construction Group Limited are required to file
their proofs of debt by Sept. 4, 2024, to be included in the
company's dividend distribution.

The company commenced wind-up proceedings on Aug. 7, 2024.

The company's liquidators are:

          Steven Khov
          Kieran Jones
          Khov Jones Limited
          PO Box 302261
          North Harbour
          Auckland 0751


LQNZ4 (CHHE): Creditors' Proofs of Debt Due on Aug. 27
------------------------------------------------------
Creditors of LQNZ4 (CHHE) Limited are required to file their proofs
of debt by Aug. 27, 2024, to be included in the company's dividend
distribution.

The company commenced wind-up proceedings on Aug. 6, 2024.

The company's liquidators are:

          Andrew Grenfell
          Kare Johnstone
          McGrathNicol
          Level 17
          41 Shortland Street
          Auckland 1010


WD NORTHLANDS: Rodgers Reidy Appointed as Receivers and Managers
----------------------------------------------------------------
Lynda Smart and Derek Ah Sam of Rodgers Reidy on Aug. 12, 2024,
were appointed as receivers and managers of WD Northlands Limited.

The receivers and managers may be reached at:

          Rodgers Reidy
          32C Sheffield Crescent
          Burnside
          Christchurch 8053




=====================
P H I L I P P I N E S
=====================

JG SUMMIT: Unit's Net Loss Widens to PHP7.41BB in H1 Ended June 30
------------------------------------------------------------------
Bilyonaryo.com reports that JG Summit Olefins Corp. (JGSOC) of
billionaire Lance Gokongwei has further expanded its losses despite
a rebound in revenues in the first half this year.

Operating a petrochemical complex in Batangas, JGSOC reported a net
loss of PHP7.408 billion in the first six months, a 23% increase
from PHP6 billion a year ago, Bilyonaryo.com discloses. The
increased losses are primarily due to higher financing costs and
additional depreciation from the completed plant expansion.

This brings JGSOC's total losses to PHP35.4 billion since 2020.

According to Bilyonaryo.com, the company continues to struggle
despite an 80 percent rise in revenues to PHP25.5 billion, driven
by increased plant operations and higher sales volumes across all
products.

This increase comes from a low base caused by a five-month
commercial shutdown last year. JGSOC credits its sales spike to
more targeted selling and disciplined pricing.

However, the company also pointed to weak demand and soft prices,
which have kept polymer margins in the red.

JGSOC noted progress in its transformation project, citing
successes like higher premiums, strong sales, smarter maintenance
spending, and reduced spare parts inventory, Bilyonaryo.com adds.

                          About JG Summit

JG Summit Holdings, Inc. operates in the consumer foods,
agro-industrial and commodity food products, and textiles
industries. The Company also invests in real estate, manages hotel,
and provides apartment management services. In addition, JG also
provides banking and financial services, and invests in
telecommunications, petrochemicals, and air transportation
businesses

JG Summit Olefins Corp. (JGSOC) has announced a loss of PHP14.9
billion for 2022, a figure almost four times higher than the PHP4.1
billion loss the company experienced in both 2020 and 2021,
according to Bilyonaryo.com.




=================
S I N G A P O R E
=================

BEAUFORT INTERNATIONAL: Creditors' Proofs of Debt Due on Sept. 11
-----------------------------------------------------------------
Creditors of Beaufort International Hotels (Singapore) Pte. Ltd.
are required to file their proofs of debt by Sept. 11, 2024, to be
included in the company's dividend distribution.

The company commenced wind-up proceedings on July 31, 2024.

The company's liquidators are:

          Tan Wei Cheong
          Lim Loo Khoon
          6 Shenton Way
          OUE Downtown 2, #33-00
          Singapore 068809


CKR ENGINEERING: Creditors' Meetings Set for Aug. 28
----------------------------------------------------
CKR Engineering Pte Ltd will hold a meeting for its creditors on
Aug. 28, 2024, at 3:00 p.m. via video conferencing.

Agenda of the meeting includes:

   a. to lay before the creditors a full Statement of Affairs of
      the Company, showing the assets and liabilities, together
      with a list of creditors and the estimated amount of their
      claims;

   b. to confirm the appointment of Mr. Chan Yee Hong, licensed
      Insolvency Practitioner, of CLA Global TS Risk Advisory Pte.

      Ltd. of 80 Robinson Road, #25-00, in Singapore 068898, as
      Liquidator of the Company for the purpose of such voluntary
      winding up and that the Liquidator's fees be based on his
      normal scale rates and disbursements incurred be paid out of

      the Company's assets;

   c. to consider and if deemed fit appoint a Committee of
      Inspection; and

   d. Any other business.


HALCYON AGRI: Posts US$21.8MM Net Loss for 6 Months Ended June 30
-----------------------------------------------------------------
The Business Times reports that Halcyon Agri posted a loss of
US$21.8 million for the six months ended June 2024. This was
compared to a loss of US$62.1 million in the year-ago period.

Revenue increased 25.7 per cent to US$1.5 billion, from US$1.2
billion.

In a bourse filing on Aug. 13, the group attributed this to
expanded sales and better prices for its products. It noted that
total sales volume increased 14.2 per cent to 901,780 metric tones,
BT says.

Its gross profit improved 20.8 per cent to US$73.5 million on
higher market prices as well as the group's efforts to capitalise
on its traceable rubber. Its revenue per tonne increased to
US$1,691 from US$1,535.

But cost of sales increased 26 per cent to US$1.5 billion, with the
group noting an increase in cost of sales per tonne by 10.4 per
cent to US$1,609, which was "in line with rubber price trends," BT
relays.

Improved sales volume was a benefit of integration with Hainan
Rubber Group, specifically the expansion of sales in China, it
said.

Looking ahead, Halcyon Agri noted rubber demand would be mainly
affected by the interest rate environment, geopolitical tensions as
well as the impact of China's economic trends and policy stimulus
on automotive manufacturers, according to BT.

With the European Union Deforestation Regulation, market interest
in traceable natural rubber products could increase and the company
said it would actively capitalise on this market opportunity.

Hainan Rubber Group's mandatory conditional cash offer of SGD0.413
per share for Halcyon Agri closed on April 24, 2023, with the free
float dropping to less than 10 per cent. Halcyon Agri shares have
been suspended from trading since April 25, 2023, BT notes.

                         About Halcyon Agri

Headquartered in Singapore, Halcyon Agri owns and operates
significant assets along the natural rubber value chain, and
distributes a range of natural rubber grades, latex and specialised
rubber for the tyre and non-tyre industries. It has 37 processing
factories in most major rubber producing origins with production
capacity of 1.4 million mT per annum, and is one of the largest
owners of commercially operated rubber plantation globally.

Halcyon Agri reported three consecutive annual net losses of
US$16.45 million, US$54.82 million, and US$82.51 million for the
years ended Dec. 31 2021, 2022 and 2023, respectively.


HOTEL PROPERTIES: H1 Net Loss Narrows to SGD4.9 Million
-------------------------------------------------------
The Business Times reports that Hotel Properties, the real estate
player owned by tycoon Ong Beng Seng, on Aug. 13 reported a net
loss of SGD4.9 million for the half year ended June 30, narrowing
from a loss of SGD17.2 million in the corresponding year-ago
period.

This comes as the group's revenue increased 8.9 per cent on year to
SGD347.3 million from SGD319 million, on better performance by a
majority of the group's hotels and resorts, and the opening of Six
Senses Kanuhura Maldives, which had undergone a major
refurbishment, noted the group in a bourse filing, BT relays.

Loss per share for the period was SGD0.0162, from SGD0.0397 year on
year.

For the six months, the group recorded a mark-to-market fair-value
gain on long-term investments of SGD5.5 million, compared to a loss
of SGD8.4 million a year ago, BT discloses.

Finance costs rose 8.3 per cent to SGD50.2 million, from SGD46.3
million in the first half of FY2023, due to higher borrowings and
interest rates.

According to BT, the group noted that it opened its first Japan
hotel, Four Seasons Osaka, on Aug 1. The Four Seasons Hotel Osaka
is HPL's 15th Four Seasons property, making HPL the largest owner
of Four Seasons hotels in the world.

It is located next to mixed-use building One Dojima, which houses
the Brillia Tower Dojima residential apartments that the group has
a 25 per cent co-ownership in.

"The sale of most of these apartments is expected to complete later
this year," the group added.

Hotel Properties Limited, an investment holding company, owns,
manages, and operates hotels in Singapore and internationally. It
operates through Hotels, Properties, and Others segments. The
company engages in the rental and sale of residential properties
and commercial units; property development and project management
activities; trading in quoted investments and share dealing; card
service operations; and provision of administrative and information
services.


JUBILEE TECHNOLOGY: Creditors' Proofs of Debt Due on Sept. 12
-------------------------------------------------------------
Creditors of Jubilee Technology Fund Pte Ltd are required to file
their proofs of debt by Sept. 12, 2024, to be included in the
company's dividend distribution.

The company commenced wind-up proceedings on Aug. 6, 2024.

The company's liquidators are:

          Victor Goh
          Khor Boon Hong
          Marie Lee
          C/o Baker Tilly
          600 North Bridge Road
          #05-01 Parkview Square
          Singapore 188778


SHINHAN TECH-ENG'G: Court to Hear Wind-Up Petition on Aug. 23
-------------------------------------------------------------
A petition to wind up the operations of Shinhan Tech-Engineering
Pte Ltd will be heard before the High Court of Singapore on Aug.
23, 2024, at 10:00 a.m.

Steel Pro Engineering filed the petition against the company on
July 31, 2024.

The Petitioner's solicitors are:

          Messrs Meritus Law LLC
          20 Collyer Quay, #21-02
          Singapore 049319


YONGNAM HOLDINGS: Court to Hear Wind-Up Petition on Aug. 23
-----------------------------------------------------------
A petition to wind up the operations of Yongnam Holdings Limited
and Yongnam Engineering & Construction (Private) Limited will be
heard before the High Court of Singapore on Aug. 23, 2024, at 10:00
a.m.

United Overseas Bank Ltd filed the petition against the company on
Aug. 1, 2024.

The Petitioner's solicitors are:

          Allen & Gledhill LLP
          1 Marina Boulevard
          #28-00, One Marina Boulevard
          Singapore 018989



                           *********


S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter-Asia Pacific is a daily newsletter co-
published by Bankruptcy Creditors' Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.
Marites O. Claro, Joy A. Agravante, Rousel Elaine T. Fernandez,
Julie Anne L. Toledo, Ivy B. Magdadaro and Peter A. Chapman,
Editors.

Copyright 2024.  All rights reserved.  ISSN: 1520-9482.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding,
electronic re-mailing and photocopying) is strictly prohibited
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Information contained herein is obtained from sources believed
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mail.  Additional e-mail subscriptions for members of the same
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thereof are US$25 each.  For subscription information, contact
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