/raid1/www/Hosts/bankrupt/TCRAP_Public/240821.mbx        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

          Wednesday, August 21, 2024, Vol. 27, No. 168

                           Headlines



A U S T R A L I A

ALLCAP GROUP: Second Creditors' Meeting Set for Aug. 26
CSR LABOUR: Second Creditors' Meeting Set for Aug. 26
HYZON MOTORS: Collapse Entangles Big Australian Companies
MY TINY: May Have Been Trading Insolvent for a Year
NO STANDING: 'Likely' Trading Insolvent Since 2021

PRECISION GRADING: First Creditors' Meeting Set for Aug. 28
ROSE BAY: First Creditors' Meeting Set for Aug. 27
TRITIUM GROUP: Exicomm Buys High-Speed EV-Charger Business
WARRIOR SCAFFOLDS: Second Creditors' Meeting Set for Aug. 26
[*] AUSTRALIA: Owner Distress as Firms Plunge Into Administration



C H I N A

CHINA EVERGRANDE: Bankruptcy vs. Unit to Proceed, Liquidators Say
HUMAN HORIZONS: HiPhi Resumes Post-Sales Services After Halt
KAISA GROUP: Inks Offshore Debt Restructuring Deal with Bondholders


I N D I A

ADAMS MARKETING: CRISIL Keeps D Debt Ratings in Not Cooperating
ANISA CARPETS: CRISIL Keeps B Debt Rating in Not Cooperating
ARDHENDU MONDAL: ICRA Keeps D Debt Ratings in Not Cooperating
ATUL AUTOMOTIVES: ICRA Keeps B+ Debt Rating in Not Cooperating
BESTO MINING: ICRA Keeps B+ Debt Ratings in Not Cooperating

CISCONS PROJECTS: CRISIL Keeps D Debt Ratings in Not Cooperating
CMJ BREWERIES: CRISIL Keeps D Debt Rating in Not Cooperating
COFFEE DAY: ICRA Keeps D Debt Rating in Not Cooperating Category
ETERNITY GLOBETEX: CRISIL Keeps D Debt Rating in Not Cooperating
EVERSHINE WOOD: CRISIL Keeps D Debt Ratings in Not Cooperating

GANAPATI MOTORS: ICRA Keeps D Debt Ratings in Not Cooperating
HINDUSTAN FIBRE: ICRA Lowers Rating on INR8.60cr LT Loan to C
MACO PRIVATE: CRISIL Keeps B- Debt Ratings in Not Cooperating
NEERUS ENSEMBLES: ICRA Keeps B+ Debt Ratings in Not Cooperating
PIONEER GLOBEX: ICRA Keeps D Debt Ratings in Not Cooperating

POPULAR SHOE: ICRA Keeps B+ Debt Rating in Not Cooperating
PURULIA METAL: CRISIL Keeps D Debt Ratings in Not Cooperating
RAMAGUNDAM MUNICIPAL: ICRA Keeps Issuer Rating at B+
ROHIT FABTEX: ICRA Keeps B+ Debt Rating in Not Cooperating
ROLTAS PAPER: CRISIL Keeps D Debt Ratings in Not Cooperating

SANGAM CONSTRUCTION: CRISIL Keeps D Rating in Not Cooperating
SATHYANARAYANA AGRO: ICRA Keeps B+ Debt Rating in Not Cooperating
SHOWTIME ENTERTAINMENT: ICRA Keeps B+ Ratings in Not Cooperating
SIPAI INDUSTRIES: ICRA Keeps B+ Debt Ratings in Not Cooperating
SONA PROCESSORS: ICRA Keeps B+ Debt Ratings in Not Cooperating

SONA SYNTHETICS: CRISIL Keeps D Debt Ratings in Not Cooperating
STERLING HABITATS: CRISIL Moves D Debt Ratings to Not Cooperating
VENKATA SAI: ICRA Keeps B+ Debt Rating in Not Cooperating


N E W   Z E A L A N D

ANELA CONTRACTORS: Court to Hear Wind-Up Petition on Sept. 6
HEATHROW LIMITED: Creditors' Proofs of Debt Due on Sept. 20
POS WORKS: Court to Hear Wind-Up Petition on Sept. 5
SPORTCRAFT BOATS: Creditors' Proofs of Debt Due on Sept. 20
ZEALANDIA SYSTEMS: Creditors' Proofs of Debt Due on Sept. 26



S I N G A P O R E

DIM SUM: Creditors' Proofs of Debt Due on Sept. 16
DYNAMIQ SOLUTION: Court Enters Wind-Up Order
KINGS LUXURY: Court Enters Wind-Up Order
REGALRARE GEM: Court Enters Wind-Up Order
STRAITS CAPITAL: Creditors' Proofs of Debt Due on Sept. 16



X X X X X X X X

[*] BOND PRICING: For the Week Aug. 12, 2024 to Aug. 16, 2024

                           - - - - -


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

ALLCAP GROUP: Second Creditors' Meeting Set for Aug. 26
-------------------------------------------------------
A second meeting of creditors in the proceedings of Allcap Group
Pty Ltd has been set for Aug. 26, 2024 at 11:00 a.m. via virtual
meeting only.

The purpose of the meeting is (1) to receive the report by the
Administrator about the business, property, affairs and financial
circumstances of the Company; and (2) for the creditors of the
Company to resolve whether the Company will execute a deed of
company arrangement, the administration should end, or the Company
be wound up.

Creditors wishing to attend are advised proofs and proxies should
be submitted to the Administrator by Aug. 23, 2024 at 4:00 p.m.

Vincent Pirina and Ian Niccol of Aston Chace Group were appointed
as administrators of the company on July 22, 2024.


CSR LABOUR: Second Creditors' Meeting Set for Aug. 26
-----------------------------------------------------
A second meeting of creditors in the proceedings of CSR Labour
Services Pty Ltd has been set for Aug. 26, 2024 at 2:00 p.m. via
virtual meeting only.

The purpose of the meeting is (1) to receive the report by the
Administrator about the business, property, affairs and financial
circumstances of the Company; and (2) for the creditors of the
Company to resolve whether the Company will execute a deed of
company arrangement, the administration should end, or the Company
be wound up.

Creditors wishing to attend are advised proofs and proxies should
be submitted to the Administrator by Aug. 23, 2024 at 5:00 p.m.

Andrew Reginald Yeo and Lindsay Bainbridge of Pitcher Partners were
appointed as administrators of the company on July 24, 2024.


HYZON MOTORS: Collapse Entangles Big Australian Companies
---------------------------------------------------------
Peter Ker at The Australian Financial Review reports that big
organisations like Fortescue, Cleanaway, Wesfarmers, Korea Zinc and
the Royal Automobile Club of Victoria have been caught up in the
collapse of the Australian division of a controversial US hydrogen
vehicle manufacturer.

AFR relates that Hyzon Motors aimed to become the Tesla of hydrogen
trucks when it listed on Nasdaq in July 2021, but has since lost
99% of its value and is now making a low-ball offer to acquire its
failed Australian subsidiary out of administration.

According to AFR, the collapse of Hyzon's Australian subsidiary was
triggered when the parent refused to extend financial support in
July, and comes as the struggling US company is on track to exhaust
its cash reserves within seven months at the current rate of
spending.

AFR says the demise of Hyzon Motors Australia is the latest setback
for the struggling hydrogen sector and comes after Fortescue
chairman and hydrogen enthusiast Andrew Forrest conceded in July
that the sector would not grow as quickly as he originally hoped.

It also comes after Fortescue-backed hydrogen plane developer
Universal Hydrogen collapsed in the US in July after burning
through almost AUD150 million of investor capital, AFR notes.

Hyzon had delivered 10 hydrogen buses to Fortescue and was also
working on hydrogen-powered rubbish trucks for Cleanaway when its
Australian subsidiary was placed in administration on July 11.

The subsidiary collapsed owing AUD29.9 million to its creditors,
and the list of creditors included 45 local employees, AFR
discloses.

Hyzon Motors Australia had worked to retrofit hydrogen fuel cells
into diesel trucks and buses from a site controlled by the RACV in
Melbourne's south-east.

An Australian subsidiary of Korea Zinc, Ark Energy, was owed
AUD2.89 million at the time of collapse, Cleanaway was owed AUD1.36
million and Wesfarmers subsidiary Coregas claimed AUD288,000.

The vast majority of Hyzon Australia's AUD29.9 million of debts
were owed to Hyzon entities in the US and China.

Despite vowing to cease working in Australia as part of efforts to
focus more on North American markets, Hyzon's parent entity is now
trying to acquire the Australian subsidiary under a deed of company
arrangement that has been recommended by the administrator, PKF
partner Jason Stone, according to AFR.

AFR relates that Mr. Stone told creditors they would get a better
dividend if they accepted Hyzon's offer, because the US and Chinese
subsidiaries of Hyzon would not claim their full debts if the offer
was accepted.

But he said the Hyzon parent could seek repayment of its secured
debts if the Australian subsidiary was instead put into
liquidation.

"In the event the proposal is not accepted it is understood that
HMI [Hyzon's US parent] and the other related party entities will
seek to prove [reclaim debts] in the liquidation," Mr. Stone said.


MY TINY: May Have Been Trading Insolvent for a Year
---------------------------------------------------
ABC News reports that the liquidator of a tiny home business
believes the company may have been trading insolvent for almost one
year, saying the director had "no real prospect" of supplying the
product he sold.

According to the ABC, Menzies Advisory principal Michael Caspaney's
statutory report into Melbourne business My Tiny Home Kit was sent
to creditors, including former employees and more than 130
customers, last week.

My Tiny Home Kit was founded in 2022 and promised customers
affordable tiny homes as a solution to the housing crisis.

The company owes customers more than AUD3.4 million, according to
initial estimates. Mr. Caspaney said this amount is subject to
further investigation, the ABC relates.

The company may have been trading insolvent from at least July
2023, if not earlier, Mr. Caspany wrote.

Director Spencer Porter, 25, declared bankruptcy in June.

Mr. Caspaney said a detailed report would be required to determine
the precise date of the company's insolvency and what may be
recoverable given Mr. Porter's status as a bankrupt, the ABC
relays.

Mr. Caspaney found the company never recorded a profit.

"At no time did the company record a trading profit," he wrote in
his report.

"This is mainly due to the fact that virtually no revenue was
recorded as being generated."

He also said that it was unlikely any creditors would receive a
dividend, the ABC relays.

"I am not currently holding sufficient funds to distribute a
dividend to creditors. At present, it appears unlikely that a
dividend will be declared to any class of creditor."

Mr. Porter denies the liquidator's initial findings that My Tiny
Home Kit was trading while insolvent, and questioned the reported
figure owed, the ABC adds.


NO STANDING: 'Likely' Trading Insolvent Since 2021
--------------------------------------------------
Jason Pollock at AdNews reports that No Standing, the digital
marketing agency that went into liquidation earlier this year, is
likely to have been insolvent since the start of the 2021 financial
year, according to an investigation.

AdNews relates that liquidator Daniel Juratowitch of Cor Cordis
said his preliminary view was that the company was "likely
insolvent" as of July 1, 2020, and remained so as of his
appointment, May 1 this year.

"From my review of the company's books and records, its financial
difficulties are apparent from at least 30 June 2020," AdNews
quotes Mr. Juratowitch as saying in his report to creditors.

"The director and/or former director may have breached their
duties/contravened the Corporations Act 2001 with respect to
trading whilst insolvent and other general duties of a director.

"The director (Sohan Karunaratne) attributed the failure of the
company's business to the impacts of the COVID-19 pandemic and the
loss of key clients."

No Standing co-founders Sohan Karunaratne and Richard Penny, chief
innovation officer Scott Cleaver and chief operating officer
Dimitri Mutombo are listed as unsecured creditors, AdNews
discloses.

The liquidator said estimates show realisable assets of just over
AUD10,000 and liabilities of more than AUD4.4 million.

No Standing Pty Ltd is a Melbourne-based digital marketing agency.


PRECISION GRADING: First Creditors' Meeting Set for Aug. 28
-----------------------------------------------------------
A first meeting of the creditors in the proceedings of Precision
Grading Pty Ltd will be held on Aug. 28, 2024 at 2:00 p.m. via Zoom
meeting.

Nathan Deppeler and Matthew Jess of Worrells were appointed as
administrators of the company on Aug. 16, 2024.


ROSE BAY: First Creditors' Meeting Set for Aug. 27
--------------------------------------------------
A first meeting of the creditors in the proceedings of Rose Bay RSL
Club Co-op Ltd will be held on Aug. 27, 2024 at 11:00 a.m. at Level
7, 151 Castlereagh Street in Sydney and via Microsoft Teams.

Hugh Armenis and Jason Lloyd Porter of SV Partners were appointed
as administrators of the company on Aug. 15, 2024.


TRITIUM GROUP: Exicomm Buys High-Speed EV-Charger Business
----------------------------------------------------------
Canary Media reports that Tritium, the insolvent Australia-based
manufacturer of EV-charging equipment, has found a buyer for its
assets - India's largest EV -charger manufacturer Exicom. The
acquisition provides hope that a major provider of fast-charging
equipment for the U.S. market will be able to avoid layoffs and
reduces the risk of further supply disruptions, the report says.

Under the definitive agreement announced on Aug. 8, Exicom
subsidiary Exicom Power Solutions B.V. Netherlands and other
subsidiaries will acquire the businesses and assets of the Tritium
group of companies, Canary Media relates. Those assets include the
manufacturer's Brisbane, Australia–based research and development
center - and its massive factory in Lebanon, Tennessee, which
opened in 2022 and can produce up to 30,000 fast chargers per
year.

"Exicom and Tritium have a complementary sales and product
footprint and have each established leadership in their respective
regions," the report quotes Exicom CEO Anant Nahata as saying in a
statement. "We look forward to working with Tritium's employees,
customers, partners and other stakeholders to grow the business
further and provide faster, more reliable charging experiences to
EV users across the globe."

Terms of the deal were not disclosed, Canary Media notes. But news
reports pegged the price at just under AUD30 million. That's a lot
less than the value of Tritium's assets. But it's also presumably
much less than the financial liabilities that forced the company
into insolvency in April.

"The cash purchase price was never officially disclosed, but rest
assured, it is a small number," Pavel Molchanov, managing director
and equity research analyst at Raymond James & Associates, told
Canary Media in an email. "What matters is that Exicom will take on
Tritium's liabilities - corporate debt and also all of the supplier
relationships - and will start covering the paychecks of the
workforce."

Tritium designs and manufactures proprietary hardware and software
to create advanced and reliable fast chargers for electric
vehicles.

McGrathNicol Restructuring on April 19, 2024, announced the
appointment of Partners Shaun Fraser, Katherine Sozou, Matthew
Hutton and Jamie Harris as Receivers and Managers of Tritium DCFC
Limited. This followed the appointment of Peter Gothard, James
Dampney and William Colwell of KPMG as Voluntary Administrators by
Tritium's Directors.


WARRIOR SCAFFOLDS: Second Creditors' Meeting Set for Aug. 26
------------------------------------------------------------
A second meeting of creditors in the proceedings of Warrior
Scaffolds Group Pty Ltd has been set for Aug. 26, 2024 at 10:00
a.m. via videoconference only.

The purpose of the meeting is (1) to receive the report by the
Administrator about the business, property, affairs and financial
circumstances of the Company; and (2) for the creditors of the
Company to resolve whether the Company will execute a deed of
company arrangement, the administration should end, or the Company
be wound up.

Creditors wishing to attend are advised proofs and proxies should
be submitted to the Administrator by Aug. 23, 2024 at 5:00 p.m.

Roberto Crispino and Richard Albarran of Hall Chadwick were
appointed as administrators of the company on July 22, 2024.


[*] AUSTRALIA: Owner Distress as Firms Plunge Into Administration
-----------------------------------------------------------------
Andrew Brown at Australian Associated Press reports that a record
number of businesses have been placed into administration in the
past year, an inquiry has been told, with advocates saying
inflationary pressures are affecting multiple industries.

Officials from Australia's corporate watchdog told a parliamentary
inquiry into the cost-of-living crisis that 11,053 businesses
entered external administration in the 2023/24 financial year, AAP
discloses.

According to AAP, ASIC commissioner Kate O'Rourke said while the
proportion of businesses going into administration was not the
highest, the past year had the most overall.

"The highest number in terms of proportion remains 2011/12 . . .
the number we've got now is the highest number, but we've got more
companies," she told the inquiry on Aug. 16.

Of insolvency reports provided to the watchdog in 2023/24, 53%
cited inadequate cash flow as one of the causes, along with poor
strategic management and trading losses, AAP relays.

Just under 10,000 personal insolvencies were also reported to the
watchdog, well down on the 10-year average of 21,252.

According to AAP, the small business and family enterprise
ombudsman Bruce Billson said inflation was causing distress among
the owners of companies.

He said many businesses had been facing issues due to customers
being more cautious with their spending.

"There's no substitute for customers if you're running a business,
and what's happening with people being more discerning in terms of
their household expenditure . . . they're not spending as much," he
said.

"The customers are coming, but they're not spending as much."

AAP relates that Mr. Billson said inflation had also passed on
direct costs to the businesses, adding to the pressure.

"Lots of tenancy arrangements are adjusted by CPI, so you could
find yourself in a difficult climate," he said.

"Nearly half of all small business loans are secured by a
residential property, most often someone's home. So it's not just
about a livelihood, it's their life."

The inquiry's chair, Liberal Senator Jane Hume, said the insolvency
levels among businesses was alarming, AAP relays.

"Businesses in all sectors were telling us that combination of
stringent industrial relations reforms and red tape that comes with
that are costing them dearly," she told reporters in Canberra.

"It's preventing them from putting on more employees and taking
away from the time that they can spend working within their
businesses."




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

CHINA EVERGRANDE: Bankruptcy vs. Unit to Proceed, Liquidators Say
-----------------------------------------------------------------
South China Morning Post reports that a bankruptcy filing against a
Guangzhou-based unit of collapsed developer China Evergrande has
been accepted by a mainland China court, according to a filing with
the Hong Kong stock exchange.

A court in the southeastern Chinese city accepted a bankruptcy
liquidation application filed against Guangzhou Kailong Real
Estate, an indirect wholly owned subsidiary of the world's most
indebted developer, on August 9, the liquidators of Evergrande said
in the filing on August 19, the Post relates.

According to the Post, the intermediate court of Guangzhou will
convene a meeting of the first creditors of Guangzhou Kailong on
November 14. The "creditors of Guangzhou Kailong are requested to
declare their claims to Guangzhou Kailong's bankruptcy
administrator" before November 7, the filing said.

The liquidators gave no other details about the bankruptcy
application, according to the disclosure.

Earlier this month, the liquidators said they had made "modest
realisations of assets" of Evergrande, but pointed out that the
company's "liquidity and other internal resources remain limited"
amid its "level of indebtedness and the challenges faced by the
group's business and operations," the Post recalls.

The Post notes that trading of Evergrande's shares has been
suspended since January 29, and the liquidators said that "in the
absence of substantial new investment into the company, the
liquidators do not currently see a path to a restructuring" that
would enable the company to resume trading of its shares.

The latest quarterly report from the liquidators shows the
continued depressing state of affairs at Evergrande, months after
the China Securities Regulatory Commission slapped the firm with a
CNY4.2 billion (US$586 million) fine and barred founder Hui Ka-yan
from the capital markets for life after the developer was found
inflating its sales by CNY564 billion in the years preceding its
eventual collapse, the Post recalls.

                       About China Evergrande

China Evergrande Group is an integrated residential property
developer. The Company, through its subsidiaries, operates in
property development, investment, management, finance, internet,
health, culture, and tourism markets.

China Evergrande Group, the second largest real estate developer in
China, and certain of its affiliates sought creditor protection in
the United States under Chapter 15 of the Bankruptcy Code (Bankr.
S.D.N.Y. Lead Case No. 23-11332) on Aug. 17, 2023.

Evergrande, widely known as the most leveraged company in the
world, and its affiliates are asking the U.S. Bankruptcy Court for
the Southern District of New York for recognition of foreign
proceedings as "foreign main" proceeding under Chapter 15.

Evergrande is in the midst of a highly complex restructuring of
around $20 billion in offshore debt.  In total, the Company has
more than $300 billion in liabilities.

Evergrande is incorporated in the Cayman Islands as an exempted
company with limited liability, with its principal place of
business located at 15th Floor, YF Life Centre, 38 Gloucester Road,
Wanchai, Hong Kong.  It is subject to a restructuring proceeding
entitled In the Matter of China Evergrande Group, concerning a
scheme of arrangement between Evergrande and certain Scheme
Creditors pursuant to the relevant provisions of the Hong Kong
Companies Ordinance (Chapter 622 of the Laws of Hong Kong),
currently pending before the High Court of Hong Kong (Case Number
HCMP 1091/2023.

Affiliate Tianji Holding Limited is incorporated in Hong Kong as a
limited liability company, with its principal place of business
located at 17th Floor, One Island East, Taikoo Place, 18 Westlands
Road, Quarry Bay, Hong Kong. Tianji is subject to a restructuring
proceeding entitled In the Matter of Tianji Holding Limited,
concerning a scheme of arrangement between Tianji and certain
Scheme Creditors, pursuant to the relevant provisions of the Hong
Kong Companies Ordinance and currently pending before the Hong Kong
Court (Case Number HCMP 1090/2023).

Affiliate Scenery Journey Limited is incorporated in the British
Virgin Islands as a limited liability company, with its principal
place of business located at 2nd Floor Water's Edge Building,
Wickham's Cay II, Road Town, Tortola, BVI. Scenery Journey is
subject to a restructuring proceeding entitled In the Matter of
Scenery Journey Limited, concerning a scheme of arrangement between
Scenery Journey and certain Scheme Creditors, pursuant to section
179A of the BVI Business Companies Act, 2004, and currently pending
before the High Court of the Eastern Caribbean Supreme Court (Case
Number BVIHCOM 2023/0076).

U.S. Bankruptcy Judge Michael E Wiles presides over the Chapter 15
proceedings.

Sidley Austin is the Hong Kong Counsel to Evergrande and Tianji.
Maples BVI is the British Virgin Island Counsel to Scenery
Journey.

On Jan. 29, 2024, a Hong Kong court ordered the liquidation of
China Evergrande Group.

HUMAN HORIZONS: HiPhi Resumes Post-Sales Services After Halt
------------------------------------------------------------
Yicai Global reports that HiPhi, a struggling Chinese electric
carmaker that suspended manufacturing in February, is restarting
after-sales services to honor its post-market guarantees to
existing car owners, the company, which has entered the
pre-restructuring process, said on Aug. 19.

HiPhi has enlisted a unit of Jiangsu Yueda Automobile Group, which
is the Chinese partner of South Korean auto manufacturer Kia and in
which its parent firm Human Horizons holds a 15 percent stake, to
purchase spare parts as part of the company's after-sales services
from now until when the re-organization is completed, the firm said
on Aug. 19, Yicai relates.  Yancheng-based Yueda Auto also used to
make cars for HiPhi.

Shanghai Yueda Zhixing Automotive Service has started to procure
vehicle parts and HiPhi's after-sales service outlets now have the
supplies they need, it said. Yueda Zhixing is also preparing to
increase services in more than 20 cities, it added, according to
Yicai.

Founded in 2017, Human Horizons unveiled its first model HiPhi X in
2020. Launches of two other models, HiPhi Z and Y, followed until
the startup was overshadowed by rivals in China's crowded NEV
market.

Human Horizons said in February that HiPhi would suspend production
for at least six months due to its distressed capital chain,
recalls Yicai. Founder Ding Lei said at the time that the startup
had three months to save itself and that many companies have shown
interest in acquiring or investing in it.

Since then, a number of car firms, including Changan Automobile and
Lifan Technology, reportedly reached out but without any outcome,
Yicai relates. In July, Shanghai-based Human Horizons applied to a
court in Yancheng to start the pre-restructuring procedure and its
application was approved.

As reported in the Troubled Company Reporter-Asia Pacific on Aug.
12, 2024, Human Horizons, the parent company of luxury EV brand
HiPhi, has entered the pre-reorganization phase after filing for
bankruptcy. The company, struggling financially, halted production
nearly six months ago.

According to Car News China, the Yancheng Economic and
Technological Development Zone People's Court accepted the
pre-reorganization application on Aug. 8, 2024. The court's
decision, which cited Human Horizons' inability to cover its debts
exceeding its assets as of April 30, 2024, acknowledged the
company's insolvency but noted its potential for restructuring.


KAISA GROUP: Inks Offshore Debt Restructuring Deal with Bondholders
-------------------------------------------------------------------
Reuters reports that Kaisa Group on Aug. 20 announced an offshore
debt restructuring agreement with a key group of bondholders,
swapping existing debt into new notes and shares in the company.

According to Reuters, the Shenzhen-based developer has been working
to restructure its offshore debt since defaulting on $12 billion in
offshore bonds in late 2021. The restructuring plan also covers
other debts including loans and yuan-denominated asset-backed
securities.

Kaisa is the second-largest offshore debt issuer among Chinese
developers after China Evergrande Group and in 2015 became the
first among its peers to default on dollar bonds.

Many Chinese property developer have defaulted since the sector
slipped into a debt crisis in mid-2021, and only a handful of
companies have completed their offshore debt restructuring.

According to Reuters, Kaisa said in a filing it will issue six
tranches of senior notes maturing from 2027 to 2032 with 5%-6.25%
cash interest and eight tranches of mandatory convertible bonds
maturing from 2025 to 2032, which will be converted into shares in
the company based on an allocation ratio.

To facilitate deleveraging and enhance liquidity, the company added
sponsors including chairman Kwok Ying Shing may contribute CNY115
million ($16 million) of shareholder loan via one or more rights
issue, Reuters relates.

Kaisa may also elect to propose a management incentive plan to
issue up to 3.33% ordinary shares of Kaisa and distributed to its
personnel after a tranche of the new notes has been fully
redeemed.

Reuters adds that the developer said the key bondholder group,
representing over 34% of its debt covered in the restructuring and
over 36% of the debt of unit Rui Jing, have agreed to the plan, and
it urged other creditors to sign the agreement by Sept. 12 and a
0.1% consent fee in the form of Tranche A New Notes will be
provided.

Kaisa is due to face a winding-up petition hearing in Hong Kong on
Sept.9 and a debt restructuring agreement will help to push back
against the petition, Reuters notes. The bond trustee of the key
bondholder group has acted as petitioner since March after a former
petitioner withdrew.

                         About Kaisa Group

Kaisa Group Holdings Limited is an integrated real estate company.
The Group focuses on urban development and operation. Kaisa Group's
real estate business covers the planning, development and operation
of large-scale residential properties and integrated commercial
properties.

As reported in the Troubled Company Reporter-Asia Pacific in July
2023, Kaisa Group said on July 10 a winding-up petition has been
filed against it in a Hong Kong court in relation to CNY170 million
(US$23.50 million) non-payments on onshore bonds.

According to Reuters, Kaisa said the petition was filed by Broad
Peak Investment Pte Advisers Ltd at the Hong Kong High Court on
July 6, and the issuer of the yuan bonds is its wholly-owned
subsidiary, Kaisa Group (Shenzhen) Co Ltd.

Kaisa has been working on a debt restructuring for two years after
defaulting its $12 billion of offshore debt in late 2021, Reuters
said.




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

ADAMS MARKETING: CRISIL Keeps D Debt Ratings in Not Cooperating
---------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Adams
Marketing Private Limited (AMPL) continue to be 'CRISIL D/CRISIL D
Issuer not cooperating'.

                      Amount
   Facilities       (INR Crore)     Ratings
   ----------       -----------     -------
   Bank Guarantee         2.5       CRISIL D (Issuer Not
                                    Cooperating)

   Cash Credit           21.5       CRISIL D (Issuer Not
                                    Cooperating)

   Proposed Long Term     3.5       CRISIL D (Issuer Not
   Bank Loan Facility               Cooperating)

   Term Loan              1         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/CRISIL D Issuer Not Cooperating'.

AMPL was incorporated in April 2007. It was formed through the
merger of three proprietorship firms (Adams Motors, Adams
Electronics, and Adams Paribar). The company, based in Howrah (West
Bengal), is an authorised dealer of various brands of consumer
durables.


ANISA CARPETS: CRISIL Keeps B Debt Rating in Not Cooperating
------------------------------------------------------------
CRISIL Ratings said the rating on bank facilities of Anisa Carpets
Limited (ACL) continues to be 'CRISIL B/Stable Issuer Not
Cooperating'.

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

CRISIL Ratings has been consistently following up with ACL 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 ACL, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on ACL
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
ACL continues to be 'CRISIL B/Stable Issuer Not Cooperating'.

ACL was incorporated in 1984 as a private limited company by Mr
Najam Ansari & family. Later in 1994, the company was converted
into a closely held public limited company. It manufactures and
exports handmade rugs and carpets. The production facility is
situated in Kanpur, Uttar Pradesh, with a capacity of around 35000
square meter of carpets per month.


ARDHENDU MONDAL: ICRA Keeps D Debt Ratings in Not Cooperating
-------------------------------------------------------------
ICRA has kept the Long-Term and Short-Term ratings of M/s. Ardhendu
Mondal 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-         5.50      [ICRA]D; ISSUER NOT COOPERATING;
   Fund based                   Rating Continues to remain under
   Cash Credit                  'Issuer Not Cooperating'
                                Category

   Long Term-         2.48      [ICRA]D; ISSUER NOT COOPERATING;
   Unallocated                  Rating Continues to remain under
                                'Issuer Not Cooperating'
                                Category

   Short-term         2.02      [ICRA]D; ISSUER NOT COOPERATING;
   Non-fund based               Rating continues to remain under
   Others                       'Issuer Not Cooperating'
                                Category

As part of its process and in accordance with its rating agreement
with M/s. Ardhendu Mondal, 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 2004 as a partnership firm, M/s. Ardhendu Mondal is
involved primarily in the 3 business of civil construction in West
Bengal. The registered office of the firm is in Burdwan, West
Bengal. The activities of the firm include earth work, river bank
protection, bridge construction and maintenance work, road and
building construction work etc.


ATUL AUTOMOTIVES: ICRA Keeps B+ Debt Rating in Not Cooperating
--------------------------------------------------------------
ICRA has kept the long-term rating of Atul Automotives in the
'Issuer Not Cooperating' category. The rating is denoted as
[ICRA]B+(Stable); ISSUER NOT COOPERATING".

                      Amount
   Facilities      (INR crore)    Ratings
   ----------      -----------    -------
   Long Term-         11.00       [ICRA]B+ (Stable) ISSUER NOT
   Fund Based-                    COOPERATING; Rating continues
   Cash Credit                    to remain under 'Issuer Not
                                  Cooperating' category

As part of its process and in accordance with its rating agreement
with Atul Automotives, 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.

Atul Automotives (AA) is a part of the Rajkot (Gujarat)-based Atul
Group of companies, owned by the Chandra family. The firm was
established in 2003 and is an authorised automobile dealer, spares
distributor and service provider for Mahindra & Mahindra Limited.
The firm has three showrooms in Lalpur, Jamnagar and Porbandar and
also has one salecum-service outlet across Jamnagar and Porbandar.
Besides, the firm also provides car finance and car insurance
facilities through reputed channel partners (leading banks and
insurance companies).


BESTO MINING: ICRA Keeps B+ Debt Ratings in Not Cooperating
-----------------------------------------------------------
ICRA has kept the Long-Term ratings of Besto Mining India Private
Limited in the 'Issuer Not Cooperating' category. The ratings are
denoted as "[ICRA]B+(Stable); ISSUER NOT COOPERATING".

                      Amount
   Facilities      (INR crore)    Ratings
   ----------      -----------    -------
   Long Term-         13.53       [ICRA]B+ (Stable) ISSUER NOT
   Fund Based-                    COOPERATING; Rating continues
   Term Loan                      to remain under 'Issuer Not
                                  Cooperating' category

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

   Long Term-          3.07       [ICRA]B+ (Stable) ISSUER NOT
   Unallocated                    COOPERATING; Rating continues
                                  to remain under 'Issuer Not
                                  Cooperating' category

As part of its process and in accordance with its rating agreement
with Besto Mining India Private Limited, 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.

Besto Mining (India) Private Ltd. (BMPL) was incorporated as
private concern by Mr. Manoj Shetty, Mr. Roy Kurian, Mr. Alex PJ
and Mr. Vincent Joseph in 2014. The company produces M
(Manufactured) Sand & Aggregate from its 5 stage 300 tonnes
per day (tpd) plant located at Yalganhalli village in Chikballapur
district (Bangalore).


CISCONS PROJECTS: CRISIL Keeps D Debt Ratings in Not Cooperating
----------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Ciscons
Projects Private Limited (Ciscons) continue to be 'CRISIL D/CRISIL
D Issuer Not Cooperating.

                        Amount
   Facilities        (INR Crore)     Ratings
   ----------        -----------     -------
   Bank Guarantee          3         CRISIL D (Issuer Not       
                                     Cooperating)

   Overdraft Facility      2.75      CRISIL D (Issuer Not       
                                     Cooperating)

   Proposed Long Term     13.25      CRISIL D (Issuer Not
   Bank Loan Facility                Cooperating)

   Term Loan               1         CRISIL D (Issuer Not       
                                     Cooperating)

CRISIL Ratings has been consistently following up with Ciscons 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 Ciscons, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on
Ciscons is consistent with 'Assessing Information Adequacy Risk'.
Based on the last available information, the ratings on bank
facilities of Ciscons continues to be 'CRISIL D/CRISIL D Issuer Not
Cooperating'.

Ciscons was set up in 2008 by Mr. N Rama Krishna and his family
members. The company undertakes civil construction, and mainly
caters to power generation companies. It is based in Hyderabad
(Telangana).


CMJ BREWERIES: CRISIL Keeps D Debt Rating in Not Cooperating
------------------------------------------------------------
CRISIL Ratings said the rating on bank facilities of CMJ Breweries
Private Limited (CMCHS) continues to be 'CRISIL D Issuer Not
Cooperating'.

                        Amount
   Facilities        (INR Crore)     Ratings
   ----------        -----------     -------
   Long Term Rating     230.1        CRISIL D (ISSUER NOT
                                     COOPERATING)

CRISIL Ratings has been consistently following up with CMJ 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 CMJ, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on CMJ
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
CMJ continues to be 'CRISIL D Issuer Not Cooperating'.

CMJ, incorporated in November 2007, is promoted by the
Meghalaya-based Jain family, which is engaged in businesses such as
structural steel, cement, household implements, stone products, and
food processing. The company began setting up a greenfield brewery
in 2009, which commenced operations in November 2011 with installed
capacity of 100,000 HL per annum (hlpa). It expanded capacity to
200,000 hlpa by April 2013, and to 300,000 hlpa by December 2014.
It completed its canning line in December 2014 at New Industrial
Area in Byrnihat, Meghalaya. It has also set up a
100-kilolitres-per-day grain-based distillery for extra-neutral
alcohol, a 200,000-cases-per-month bottling unit for Indian-made
foreign liquor, a 4.2-megawatt captive power plant, a
6000-litre-per-day malt spirit manufacturing unit, and a carbon
dioxide recovery plant. The distillery commenced operations in
October 2014.


COFFEE DAY: ICRA Keeps D Debt Rating in Not Cooperating Category
----------------------------------------------------------------
ICRA has kept the Long-Term rating of Coffee Day Enterprises
Limited in the 'Issuer Not Cooperating' category. The rating is
denoted as "[ICRA]D; ISSUER NOT COOPERATING".

                     Amount
   Facilities     (INR crore)    Ratings
   ----------     -----------    -------
   Long-term-         315.00     [ICRA]D; ISSUER NOT COOPERATING;
   Fund based                    Rating Continues to remain under
   Term Loan                     'Issuer Not Cooperating'
                                 Category

As part of its process and in accordance with its rating agreement
with Coffee Day Enterprises Limited, 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.

Coffee Day Enterprises Limited is the holding company for Coffee
Day group, promoted by Mr. V G Siddhartha. The key companies of the
group are –Coffee Day Global Limited (coffee business), Sical
Logistics Limited (integrated logistics), Tanglin Development
Limited (real estate), Way2Wealth (financial services) and Coffee
Day Hotels and Resorts Limited (Hospitality).


ETERNITY GLOBETEX: CRISIL Keeps D Debt Rating in Not Cooperating
----------------------------------------------------------------
CRISIL Ratings said the rating on bank facilities of Eternity
Globetex Private Limited (EGPL) continues to be 'CRISIL D Issuer
Not Cooperating'.

                        Amount
   Facilities        (INR Crore)     Ratings
   ----------        -----------     -------
   Cash Credit             8         CRISIL D (Issuer Not
                                     Cooperating)

CRISIL Ratings has been consistently following up with EGPL 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 EGPL, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on EGPL
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
EGPL continues to be 'CRISIL D Issuer Not Cooperating'.

EGPL, incorporated in 2016, by Mr Sanjay Juneja and Mr Nikunj
Kapadia, manufactures dress material mostly on job work basis. The
manufacturing facility is at Vasai, Maharashtra.


EVERSHINE WOOD: CRISIL Keeps D Debt Ratings in Not Cooperating
--------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of EWPPL
continue to be 'CRISIL D/CRISIL D Issuer Not Cooperating'.

                        Amount
   Facilities        (INR Crore)     Ratings
   ----------        -----------     -------
   Cash Credit           33.5        CRISIL D (Issuer Not
                                     Cooperating)

   Letter of Credit      27.5        CRISIL D (Issuer Not
                                     Cooperating)

CRISIL Ratings has been consistently following up with EWPPL 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 EWPPL, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on EWPPL
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
EWPPL continues to be 'CRISIL D/CRISIL D Issuer Not Cooperating'.

EWPPL was incorporated in 2005, promoted by the Chennai-based Patel
family. Overall operations are managed by Mr Dharamshi Patel. The
company manufactures wood packaging products, including packing
crates, boxes, pallets, planks, and finger-jointed boards made from
soft pine wood. These are used to package various consumer and
industrial products in different industries. The manufacturing
facility is in Sriperumbudur, Tamil Nadu. The registered office is
in Chennai.


GANAPATI MOTORS: ICRA Keeps D Debt Ratings in Not Cooperating
-------------------------------------------------------------
ICRA has kept the Long-Term rating of Ganapati Motors in the
'Issuer Not Cooperating' category. The ratings are denoted as
"[ICRA]D; ISSUER NOT COOPERATING".

                     Amount
   Facilities     (INR crore)    Ratings
   ----------     -----------    -------
   Fund Based-       28.50       [ICRA]D; ISSUER NOT COOPERATING;
   Cash Credit                   Rating Continues to remain under
                                 'Issuer Not Cooperating'
                                 Category

As part of its process and in accordance with its rating agreement
with Ganapati Motors, 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.

Established in 2004, Ganapati Motors (GM) is involved in the
automobile dealership business as an authorised dealer of
Maruti Suzuki India Limited in Bhilai, Chhattisgarh.


HINDUSTAN FIBRE: ICRA Lowers Rating on INR8.60cr LT Loan to C
-------------------------------------------------------------
ICRA has downgraded the ratings on certain bank facilities of
Hindustan Fibre Glass Works (HFGW), as:

                    Amount
   Facilities    (INR crore)    Ratings
   ----------    -----------    -------
   Long-term–        8.60       [ICRA]C; ISSUER NOT COOPERATING;
   Fund based                   Rating downgraded from
   Cash Credit                  [ICRA]B-(Stable)ISSUER NOT
                                COOPERATING and continues to
                                remain under 'Issuer Not
                                Cooperating' category

   Long Term-        5.00       [ICRA]C ISSUER NOT COOPERATING;
   Non-Fund                     Rating downgraded from
   Based-Others                 [ICRA]B-(Stable)ISSUER NOT
                                COOPERATING and continues to
                                remain under 'Issuer Not
                                Cooperating' category
                                
   Long-term–        0.40       [ICRA]C; ISSUER NOT COOPERATING;
   Fund based                   Rating downgraded from
   Term Loan                    [ICRA]B-(Stable)ISSUER NOT
                                COOPERATING and continues to
                                remain under 'Issuer Not
                                Cooperating' category

Rationale

The rating downgrade is because of lack of adequate information
regarding Hindustan Fibre Glass Works performance and also based on
publicly available information hence the uncertainty around its
credit risk. ICRA assesses whether the information available about
the entity is commensurate with its rating and reviews the same as
per its "Policy in respect of non-cooperation by a rated entity"
available at www.icra.in. The lenders, investors and other market
participants are thus advised to exercise appropriate caution while
using this rating as the rating may not adequately reflect the
credit risk profile of the entity, despite the downgrade.

As part of its process and in accordance with its rating agreement
with Hindustan Fibre Glass Works, 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.

HFGW was founded in 1984 as a partnership firm by Mr. Govindbhai
Patel and Mr. Shankar Patel at Kolkata. Later in 1998, the firm
started its new unit at Vadodara, Gujarat. HFGW is engaged in
interior furnishing work for railway coaches. The firmmanufactures
all types of fibre-reinforced polymer (FRP) products - such as
paneling, gear case, door paneling, modular toilet and partition
frames, seats and components, and driver's cabin, among
others—which are fitted to railway coaches. The firm, being an
approved vendor, participates in tenders floated by various railway
departments.


MACO PRIVATE: CRISIL Keeps B- Debt Ratings in Not Cooperating
-------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Maco Private
Limited (MPL) continue to be 'CRISIL B-/Stable/CRISIL A4 Issuer Not
Cooperating'.

                          Amount
   Facilities          (INR Crore)     Ratings
   ----------          -----------     -------
   Inland/Import           0.75        CRISIL A4 (Issuer Not
   Letter of Credit                    Cooperating)

   Proposed Long Term      1.25        CRISIL B-/Stable (Issuer
   Bank Loan Facility                  Not Cooperating)

   Secured Overdraft       6.00        CRISIL B-/Stable (Issuer
   Facility                            Not Cooperating)

CRISIL Ratings has been consistently following up with MPL 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 MPL, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on MPL
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
MPL continues to be 'CRISIL B-/Stable/CRISIL A4 Issuer Not
Cooperating'.

Incorporated in 1956, MPL manufactures automotive components such
as piston pins, crank pins, and connecting rods. The company
recently started manufacturing brake shoes and pads, and clutch
plates at its manufacturing facility in Sonepat, Haryana. MPL sells
majority of its products domestically to OEMs, and exports to the
US, Europe, Sri Lanka, and various South-East Asian countries,
under its own brand, MACO.


NEERUS ENSEMBLES: ICRA Keeps B+ Debt Ratings in Not Cooperating
---------------------------------------------------------------
ICRA has kept the long-term and Short-Term ratings of Neerus
Ensembles Private Limited in the 'Issuer Not Cooperating' category.
The rating is denoted as [ICRA]B+(Stable)/[ICRA]A4; ISSUER NOT
COOPERATING.

                      Amount
   Facilities      (INR crore)    Ratings
   ----------      -----------    -------
   Long Term-          6.84       [ICRA]B+ (Stable) ISSUER NOT
   Fund Based-                    COOPERATING; Rating continues
   Term Loan                      to remain under 'Issuer Not
                                  Cooperating' category

   Long Term-         28.00       [ICRA]B+ (Stable) ISSUER NOT
   Fund Based-                    COOPERATING; Rating continues
   Cash Credit                    to remain under 'Issuer Not
                                  Cooperating' category

   Long Term/          0.16       [ICRA]B+(Stable)/[ICRA]A4;
   Short Term-                    ISSUER NOT COOPERATING;
   Unallocated                    Rating Continues to remain
                                  under issuer not cooperating
                                  category

As part of its process and in accordance with its rating agreement
with Neerus Ensembles Private Limited, 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.

Neerus Ensembles Private Limited was incorporated as a private
limited company in the year 2005. Prior to this, it Neerus
functioned as a partnership firm since 1979. The company is
involved in the retailing of textile including women's wear, men's
wear and kid's wear under the brand name "Neerus". NEPL focuses
primarily on Sarees and Dress materials both stitched and
unstitched. NEPL has 20 stand-alone stores as on date in Telangana,
Andhra Pradesh, Karnataka and other states. Further, Neerus is
sharing its presence with Major retail formats in indiafuture
Group's "CENTRAL", LANDMARK Group's "LIFESTYLE". As on date, NEPL
has presence in 16 CENTRAL and 4 LIFESTYLE stores.


PIONEER GLOBEX: ICRA Keeps D Debt Ratings in Not Cooperating
------------------------------------------------------------
ICRA has kept the Long-Term ratings of Pioneer Globex Private
Limited in the 'Issuer Not Cooperating' category. The rating is
denoted as "[ICRA]D ISSUER NOT COOPERATING".

                    Amount
   Facilities     (INR crore)   Ratings
   ----------     -----------   -------
   Long-term-        15.00      [ICRA]D; ISSUER NOT COOPERATING;
   Fund based                   Rating Continues to remain under
   Cash Credit                  'Issuer Not Cooperating'
                                Category

   Long-term-        10.00      [ICRA]D; ISSUER NOT COOPERATING;
   Fund based                   Rating Continues to remain under
   Term Loan                    'Issuer Not Cooperating'
                                Category

As part of its process and in accordance with its rating agreement
with Pioneer Globex Private Limited, 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.

Pioneer Globex Pvt. Ltd. (PGPL) was initially established as a
partnership firm in the year 2008 with the name Pioneer Exports.
Later on, the firm's name was changed to Pioneer Globex in June
2013. In November 2013, the firm was converted into private limited
company with the company name as Pioneer Globex Pvt. Ltd. It is a
group firm of Sheth Ship Breaking Corporation (SSBC); a partnership
firm involved in ship breaking activities. Both the firms are being
managed by same promoters Mr. Narendra N. Shah, Mr. Hardik N. Shah,
Mr. Pravin G. Shah and Mr. Vijaybhai S. Sanghavi having experience
of more than 20 years in the business of ship breaking.


POPULAR SHOE: ICRA Keeps B+ Debt Rating in Not Cooperating
----------------------------------------------------------
ICRA has kept the Long-term rating of Popular Shoe Mart in the
'Issuer Not Cooperating' category. The rating is denoted as
[ICRA]B+(Stable); ISSUER NOT COOPERATING.

                      Amount
   Facilities      (INR crore)    Ratings
   ----------      -----------    -------
   Long Term-         12.00       [ICRA]B+ (Stable) ISSUER NOT
   Fund Based-                    COOPERATING; Rating continues
   Cash Credit                    to remain under 'Issuer Not
                                  Cooperating' category

As part of its process and in accordance with its rating agreement
with Popular Shoe Mart (1), 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.

Popular Shoe Mart - 1 (PSM) was established in the year 1962 as a
partnership firm by Mr.Chukkapalli Pitchaiah. It is engaged in
retailing of footwear through 119 stores with total retail space of
1.1 lakh sq. ft. spread across the states of Andhra Pradesh,
Telangana and Karnataka. The firm is currently being managed by two
of the founder's sons - Mr. Ch. Arun Kumar and Mr. Ch. Vijaya
Kumar.


PURULIA METAL: CRISIL Keeps D Debt Ratings in Not Cooperating
-------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Purulia Metal
Casting Private Limited (PMCPL) continue to be 'CRISIL D/CRISIL D
Issuer Not Cooperating'.

                        Amount
   Facilities        (INR Crore)     Ratings
   ----------        -----------     -------
   Bank Guarantee         5          CRISIL D (Issuer Not
                                     Cooperating)

   Bank Guarantee        12.18       CRISIL D (Issuer Not
                                     Cooperating)

   Cash Credit           30          CRISIL D (Issuer Not
                                     Cooperating)

   Cash Credit           40          CRISIL D (Issuer Not
                                     Cooperating)

   Cash Credit            5          CRISIL D (Issuer Not
                                     Cooperating)

   Long Term Loan        10.5        CRISIL D (Issuer Not
                                     Cooperating)

   Proposed Long Term     0.37       CRISIL D (Issuer Not
   Bank Loan Facility                Cooperating)

   Rupee Term Loan       10          CRISIL D (Issuer Not
                                     Cooperating)

CRISIL Ratings has been consistently following up with PMCPL 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 PMCPL, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on PMCPL
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
PMCPL continues to be 'CRISIL D/CRISIL D Issuer Not Cooperating'.

PMCPL is engaged in manufacturing of TMT bar, billet and pig iron.


RAMAGUNDAM MUNICIPAL: ICRA Keeps Issuer Rating at B+
----------------------------------------------------
ICRA has kept the Issuer rating of Ramagundam Municipal Corporation
in the 'Issuer Not Cooperating' category. The rating is denoted as
[ICRA]B+(Stable); ISSUER NOT COOPERATING".

As part of its process and in accordance with its rating agreement
with Ramagundam Municipal Corporation, 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.

The RMC was upgraded to a Municipal Corporation in 2010 from a
selection-grade Municipality. The ULB provides municipal services
to the city of Ramagundam, situated in the Peddapalli district of
Telengana. It covers an area of 94 square kilometre (sq. km.) and
serves a population of 2,52,610 (projected for 2021). The major
functions of the RMC involve water supply, sewerage, SWM, repair
and maintenance of roads and street lighting in its area. The ULB
is divided into 50 administrative zones and is governed by an
elected body (Council) headed by a Mayor, while the Commissioner
acts as the chief executive, overseeing its everyday functioning.


ROHIT FABTEX: ICRA Keeps B+ Debt Rating in Not Cooperating
----------------------------------------------------------
ICRA has kept the Long-term rating of Rohit Fabtex in the 'Issuer
Not Cooperating' category. The rating is denoted as
[ICRA]B+(Stable); ISSUER NOT COOPERATING.

                      Amount
   Facilities      (INR crore)    Ratings
   ----------      -----------    -------
   Long Term-          9.70       [ICRA]B+ (Stable) ISSUER NOT
   Fund Based-                    COOPERATING; Rating continues
   Cash Credit                    to remain under 'Issuer Not
                                  Cooperating' category

As part of its process and in accordance with its rating agreement
with Rohit Fabtex, 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.

Rohit Fabtex (RF) is engaged in business of fabric processing with
its processing unit based out of Balotra (Rajasthan), which is hub
for processing of poplin fabric due to favorable weather
conditions. The firm has installed capacity of processing around
40,000 meter of fabric per day to produce poplin fabric. The
operations of the company started in 2010. The product of the firm
i.e. dyed poplin, is being marketed in Textile World with the name
of 'Rohit'.


ROLTAS PAPER: CRISIL Keeps D Debt Ratings in Not Cooperating
------------------------------------------------------------
CRISIL Ratings has migrated the rating on bank facilities of Roltas
Paper LLP (RPL) to 'CRISIL D/CRISIL D Issuer not cooperating'.

                        Amount
   Facilities        (INR Crore)     Ratings
   ----------        -----------     -------
   Bank Guarantee        0.64        CRISIL D (Issuer Not
                                     Cooperating; Rating
                                     Migrated)

   Cash Credit           3           CRISIL D (Issuer Not
                                     Cooperating; Rating
                                     Migrated)

   Term Loan             8.1         CRISIL D (Issuer Not
                                     Cooperating; Rating
                                     Migrated)

   Working Capital       0.26        CRISIL D (Issuer Not
   Term Loan                         Cooperating; Rating
                                     Migrated)

   Working Capital       2.99        CRISIL D (Issuer Not
   Term Loan                         Cooperating; Rating
                                     Migrated)

CRISIL Ratings has been consistently following up with RPL 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 RPL, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on RPL
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 RPL to 'CRISIL D/CRISIL D Issuer not
cooperating'.

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the


SANGAM CONSTRUCTION: CRISIL Keeps D Rating in Not Cooperating
-------------------------------------------------------------
CRISIL Ratings said the rating on bank facilities of Sangam
Construction (SC) continues to be 'CRISIL D Issuer Not
Cooperating'.

                        Amount
   Facilities        (INR Crore)     Ratings
   ----------        -----------     -------
   Cash Credit            6.2        CRISIL D (Issuer Not
                                     Cooperating)

CRISIL Ratings has been consistently following up with SC 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 SC, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on SC is
consistent with 'Assessing Information Adequacy Risk'. Based on the
last available information, the ratings on bank facilities of SC
continues to be 'CRISIL D Issuer Not Cooperating'.

Established in the 2004, SC is proprietorship firm of Mr. Shanker
Bajirao. The firm is engaged in executing civil construction
contracts mainly for Government of Goa.


SATHYANARAYANA AGRO: ICRA Keeps B+ Debt Rating in Not Cooperating
-----------------------------------------------------------------
ICRA has kept the Long-term rating of Sathyanarayana Agro
Industries in the 'Issuer Not Cooperating' category. The rating is
denoted as [ICRA]B+(Stable); ISSUER NOT COOPERATING.

                      Amount
   Facilities      (INR crore)    Ratings
   ----------      -----------    -------
   Long Term-          9.00       [ICRA]B+ (Stable) ISSUER NOT
   Fund Based-                    COOPERATING; Rating continues
   Cash Credit                    to remain under 'Issuer Not
                                  Cooperating' category

As part of its process and in accordance with its rating agreement
with Sathyanarayana Agro Industries, 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.

Established in 2014 by Mr. R. Narayana and family, SAI is a
partnership firm, involved in the milling of paddy and produces raw
and boiled rice. The firm's major products include boiled rice, raw
rice, bran, broken rice and husk. It commenced operations in April
2014 in the Raichur district of Karnataka with a capacity to
process 8 MT of paddy per hour. However, the promoters have been
involved in a similar business for more than two decades.


SHOWTIME ENTERTAINMENT: ICRA Keeps B+ Ratings in Not Cooperating
----------------------------------------------------------------
ICRA has kept the Long-Term ratings of Showtime Entertainment
Private Limited in the 'Issuer Not Cooperating' category. The
rating is denoted as [ICRA]B+(Stable); ISSUER NOT COOPERATING".

                      Amount
   Facilities      (INR crore)    Ratings
   ----------      -----------    -------
   Long Term-          8.00       [ICRA]B+ (Stable) ISSUER NOT
   Fund Based-                    COOPERATING; Rating continues
   Term Loan                      to remain under 'Issuer Not
                                  Cooperating' category

   Long Term-          2.00       [ICRA]B+ (Stable) ISSUER NOT
   Unallocated                    COOPERATING; Rating continues
                                  to remain under 'Issuer Not
                                  Cooperating' category

As part of its process and in accordance with its rating agreement
with Showtime Entertainment Private Limited, 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.

Showtime Entertainment Private Limited (SEPL) is engaged in the
business of leasing of multiplexes. The company was incorporated in
2001 and introduced the first Cineplex in Jaipur city under the
name of 'Space Cinema'. The multiplex was being operated directly
by the management until 2007 -08, post which the property was
leased out to Inox Cinemas. In 2009-10, the promoters purchased
another multiplex theatre situated at Pink Square, Jaipur, which
was also leased out to Inox Cinemas. As on date, the company's
revenue streams consists of rental income from both these
properties.


SIPAI INDUSTRIES: ICRA Keeps B+ Debt Ratings in Not Cooperating
---------------------------------------------------------------
ICRA has kept the Long-Term ratings of Sipai Industries in the
'Issuer Not Cooperating' category. The rating is denoted as
"[ICRA]B+(Stable) ISSUER NOT COOPERATING".

                      Amount
   Facilities      (INR crore)    Ratings
   ----------      -----------    -------
   Long Term-         14.00       [ICRA]B+ (Stable) ISSUER NOT
   Fund Based-                    COOPERATING; Rating continues
   Cash Credit                    to remain under 'Issuer Not
                                  Cooperating' category

   Long Term-          0.30       [ICRA]B+ (Stable) ISSUER NOT
   Fund Based-                    COOPERATING; Rating continues
   Term Loan                      to remain under 'Issuer Not
                                  Cooperating' category

   Long Term-          0.50       [ICRA]B+ (Stable) ISSUER NOT
   Unallocated                    COOPERATING; Rating continues
                                  to remain under 'Issuer Not
                                  Cooperating' category

As part of its process and in accordance with its rating agreement
with Sipai Industries, 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.

Established in 1995 as a partnership firm, Sipai Industries (SI) is
involved in the business of ginning and pressing of raw cotton as
well as crushing of cottonseeds. Its manufacturing facility,
located in Rajkot in Gujarat, is equipped with 36 ginning machines,
1 pressing machine and 5 expellers with an installed capacity of
150 MT per day. The partners of the firm have extensive experience
in the cotton industry.


SONA PROCESSORS: ICRA Keeps B+ Debt Ratings in Not Cooperating
--------------------------------------------------------------
ICRA has kept the Long-term rating of Sona Processors (India)
Limited in the 'Issuer Not Cooperating' category. The rating is
denoted as [ICRA]B+(Stable); ISSUER NOT COOPERATING.

                      Amount
   Facilities      (INR crore)    Ratings
   ----------      -----------    -------
   Long Term-         19.47       [ICRA]B+ (Stable) ISSUER NOT
   Fund Based-                    COOPERATING; Rating continues
   Term Loan                      to remain under 'Issuer Not
                                  Cooperating' category

   Long Term-          8.00       [ICRA]B+ (Stable) ISSUER NOT
   Fund Based-                    COOPERATING; Rating continues
   Cash Credit                    to remain under 'Issuer Not

As part of its process and in accordance with its rating agreement
with Sona Processors (India) Limited, 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 1994, Sona Processors (India) Limited (SPIL)
primarily undertakes processing of fabrics on job work basis.
SPIL's processing plant is located in Bhilwara, Rajasthan, and has
an installed processing capacity for about 40 million meters fabric
per annum (4 stenters; textile fabric finishing machine used for
drying, shrinking, chemical finishing and adjusting fabric width).
In addition to the fabric processing business, the company has also
invested in a 1.6 MW wind turbine generator.


SONA SYNTHETICS: CRISIL Keeps D Debt Ratings in Not Cooperating
---------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Sona
Synthetics (SS) continue to be 'CRISIL D Issuer Not Cooperating'.

                        Amount
   Facilities        (INR Crore)     Ratings
   ----------        -----------     -------
   Cash Credit             7         CRISIL D (Issuer Not
                                     Cooperating)

   Long Term Loan          2         CRISIL D (Issuer Not
                                     Cooperating)

CRISIL Ratings has been consistently following up with SS 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 SS, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on SS is
consistent with 'Assessing Information Adequacy Risk'. Based on the
last available information, the ratings on bank facilities of SS
continues to be 'CRISIL D Issuer Not Cooperating'.

Set up as a partnership firm in 1999 by Mumbai (Maharashtra)-based
Mr. Nathalal Shah and family, SS manufactures synthetic yarn and
fabrics, including embroidered fabrics. The firm has its factory at
Bhivandi in Thane district, near Mumbai.


STERLING HABITATS: CRISIL Moves D Debt Ratings to Not Cooperating
-----------------------------------------------------------------
CRISIL Ratings has migrated the rating on debt instruments of
Sterling Habitats Private Limited to 'CRISIL D Issuer Not
Cooperating' from 'CRISIL D'.

                       Amount
   Facilities       (INR Crore)     Ratings
   ----------       -----------     -------
   Non Convertible      25          CRISIL D (ISSUER NOT
   Debentures-                      COOPERATING; Rating Migrated)
   Series II            

   Non Convertible      25          CRISIL D (ISSUER NOT
   Debentures-                      COOPERATING; Rating Migrated)
   Series I             

CRISIL Ratings has been consistently following up with Sterling
Habitats for obtaining information through letters and emails dated
June 19, 2024, and August 7, 2024, among others, apart from
telephonic communication. However, the issuer has remained non
cooperative.

'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-cooperation by a rated entity may be a result of deterioration
in its credit risk profile. A rating with an 'Issuer not
cooperating' suffix lacks 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 Sterling Habitats. This
restricts the ability of CRISIL Ratings to take a forward-looking
view on the credit quality of the entity. CRISIL Ratings believes
that the rating action on Sterling Habitats is consistent with
'Assessing Information Adequacy Risk'. Based on the last available
information, the rating on the non convertible debentures of
Sterling Habitats continues to be 'CRISIL D Issuer Not
Cooperating'. The rating reflects delay in the servicing of the
debt instruments, inadequate information and lack of management
cooperation.

The management has articulated that the non-convertible debentures
(NCDs) have been redeemed. However, CRISIL Ratings has not received
any supporting documents to ascertain the same.

Sterling Habitats is a special-purpose vehicle formed by the
Bengaluru-based Sterling Developers. Sterling Developers holds
99.9% shares of the company, while the remaining is held by Mr
Venkat Ramani Sastri and Mr Gowri Shankar Sastri (nominees of
Sterling Developers). The company holds 93,074 square feet in Villa
Grande, a project of Sterling Urban Developments Pvt Ltd (group
company of Sterling Developers).

                          About the NCDs

Sterling Habitats has raised Rs 50 crore by issuing NCDs (Rs 25
crore each of Series 1 and 2 [Series 1 is senior to Series 2 NCDs;
Series 2 NCDs are listed]) through the apartment funding structure.
Repayment of these NCDs is expected to be met through proceeds from
the sale of units held by Sterling Habitats in Villa Grande.

The terms of Series 1 NCDs have been modified and are the same as
those for Series 2 NCDs now. Series 1 NCDs have been reconstituted
as Series 1B. As per the earlier terms, Series 1 NCDs had defined
coupon and scheduled repayments. Series 2 NCDs had no defined
repayment schedule and were to be redeemed at maturity with an
internal rate of return (IRR) of 19%. Interest on the Series I NCDs
has been serviced as per the original terms until the time of
reconstitution to Series 1B.

Sale of the acquired area after the lock-in period must be in the
ratio of 50:50 (investor [acquired area]: developer [balance
area]). At the end of the tenor, NCDs have a put option at 19% IRR
or developer buyback value. The latter is defined as the value of
the project's unsold units at a price defined as the average of the
last 10 units sold or the past three months' average sale price,
whichever is higher, and the balance receivables from the sold
units, if any, at the end of the tenor.


VENKATA SAI: ICRA Keeps B+ Debt Rating in Not Cooperating
---------------------------------------------------------
ICRA has kept the Long-term rating of Venkata Sai Agro Industries
in the 'Issuer Not Cooperating' category. The rating is denoted as
[ICRA]B+(Stable); ISSUER NOT COOPERATING.

                      Amount
   Facilities      (INR crore)    Ratings
   ----------      -----------    -------
   Long Term-         10.00       [ICRA]B+ (Stable) ISSUER NOT
   Fund Based-                    COOPERATING; Rating continues
   Cash Credit                    to remain under 'Issuer Not
                                  Cooperating' category

As part of its process and in accordance with its rating agreement
with Venkata Sai Agro Industries, 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 2007, VSAI is a partnership firm involved in the
milling of paddy and produces rice. The firm has a milling unit at
Maanvi, Karnataka with an installed capacity of 8 metric tonnes per
hour (MTPH) of milling. Its major products include boiled rice, raw
rice, bran, broken rice and husk. The factory runs in two shifts
daily. VSAI procures paddy from local farmers and has a diversified
customer base across Andhra Pradesh, Telangana, Maharashtra and
Karnataka.




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

ANELA CONTRACTORS: Court to Hear Wind-Up Petition on Sept. 6
------------------------------------------------------------
A petition to wind up the operations of Anela Contractors Limited
will be heard before the High Court at Auckland on Sept. 6, 2024,
at 10:00 a.m.

The Commissioner of Inland Revenue filed the petition against the
company on July 15, 2024.

The Petitioner's solicitor is:

          Cloete Van Der Merwe
          Inland Revenue, Legal Services
          5 Osterley Way
          Manukau City
          Auckland 2104


HEATHROW LIMITED: Creditors' Proofs of Debt Due on Sept. 20
-----------------------------------------------------------
Creditors of Pos Works Limited are required to file their proofs of
debt by Sept. 20, 2024, to be included in the company's dividend
distribution.

The company commenced wind-up proceedings on Aug. 15, 2024.

The company's liquidator is:

          Hamish John Pryde
          CS Insolvency, C/- Coombe Smith (PN) Limited
          168 Broadway Avenue
          PO Box 788
          Palmerston North


POS WORKS: Court to Hear Wind-Up Petition on Sept. 5
----------------------------------------------------
A petition to wind up the operations of Pos Works Limited will be
heard before the High Court at Christchurch on Sept. 5, 2024, at
10:00 a.m.

BOC Limited filed the petition against the company on June 27,
2024.

The Petitioner's solicitor is:

          Gregory David Trainor
          c/- MacLean & Associates Lawyers
          Unit 4, 31 Tyne Street
          Addington
          Christchurch


SPORTCRAFT BOATS: Creditors' Proofs of Debt Due on Sept. 20
-----------------------------------------------------------
Creditors of Sportcraft Boats Limited and Sportcraft Marine Limited
are required to file their proofs of debt by Sept. 20, 2024, to be
included in the company's dividend distribution.

The High Court at Hamilton appointed Wendy Somerville and Malcolm
Hollis of PwC as liquidators on Aug. 12, 2024.


ZEALANDIA SYSTEMS: Creditors' Proofs of Debt Due on Sept. 26
------------------------------------------------------------
Creditors of Zealandia Systems Limited are required to file their
proofs of debt by Sept. 26, 2024, to be included in the company's
dividend distribution.

The company commenced wind-up proceedings on Aug. 15, 2024.

The company's liquidators are:

          Lynda Smart
          Derek Ah Sam
          Rodgers Reidy
          PO Box 39090
          Harewood
          Christchurch 8545




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

DIM SUM: Creditors' Proofs of Debt Due on Sept. 16
--------------------------------------------------
Creditors of Dim Sum Haus MBFC Pte. Ltd. are required to file their
proofs of debt by Sept. 16, 2024, to be included in the company's
dividend distribution.

The company commenced wind-up proceedings on Aug. 12, 2024.

The company's liquidators are:

          Lau Chin Huat
          Yeo Boon Keong
          c/o Technic Inter-Asia  
          50 Havelock Road #02-767
          Singapore 160050


DYNAMIQ SOLUTION: Court Enters Wind-Up Order
--------------------------------------------
The High Court of Singapore entered an order on Aug. 12, 2024, to
wind up the operations of Dynamiq Solution Pte. Ltd.

Maybank Singapore Limited filed the petition against the company.

The company's liquidator is:

          Gary Loh Weng Fatt
          c/o BDO Advisory  
          600 North Bridge Road
          #23-01 Parkview Square
          Singapore 188778


KINGS LUXURY: Court Enters Wind-Up Order
----------------------------------------
The High Court of Singapore entered an order on Aug. 7, 2024, to
wind up the operations of Kings Luxury Concepts Pte. Ltd.

Kingsmen Exhibits Pte Ltd filed the petition against the company.

The company's liquidator is:

          Ms. Oon Su Sun
          c/o Finova Advisory  
          182 Cecil Street
          #23-02 Frasers Tower
          Singapore 069547


REGALRARE GEM: Court Enters Wind-Up Order
-----------------------------------------
The High Court of Singapore entered an order on Aug. 7, 2024, to
wind up the operations of Regalrare Gem Museum Pte. Ltd.

Kingsmen Exhibits Pte Ltd filed the petition against the company.

The company's liquidator is:

          Ms. Oon Su Sun
          c/o Finova Advisory
          182 Cecil Street
          #23-02 Frasers Tower
          Singapore 069547


STRAITS CAPITAL: Creditors' Proofs of Debt Due on Sept. 16
----------------------------------------------------------
Creditors of Straits Capital Management Pte. Ltd. are required to
file their proofs of debt by Sept. 16, 2024, to be included in the
company's dividend distribution.

The company commenced wind-up proceedings on Aug. 12, 2024.

The company's liquidator is:

          Yiong Kok Kong
          Avic DKKY
          180 Cecil Street, #12-04
          Singapore 069546




===============
X X X X X X X X
===============

[*] BOND PRICING: For the Week Aug. 12, 2024 to Aug. 16, 2024
-------------------------------------------------------------
Issuer                  Coupon    Maturity      Currency    Price
------                  ------    --------      --------    -----


   AUSTRALIA
   ---------

ACN 113 874 712 PTY      13.25      02/15/18        USD      0.13
ACN 113 874 712 PTY      13.25      02/15/18        USD      0.13
MOSAIC BRANDS LTD         8.00      09/30/24        AUD      0.40
VIRGIN AUSTRALIA HOLD     7.88      10/15/21        USD      0.66
VIRGIN AUSTRALIA HOLD     7.88      10/15/21        USD      0.66
VIRGIN AUSTRALIA HOLD     8.08      03/05/24        AUD      0.49
VIRGIN AUSTRALIA HOLD     8.13      11/15/24        USD      0.17
VIRGIN AUSTRALIA HOLD     8.13      11/15/24        USD      0.17
VIRGIN AUSTRALIA HOLD     8.00      11/26/24        AUD      0.15
VIRGIN AUSTRALIA HOLD     8.25      05/30/23        AUD      0.12


   CHINA
   -----

ALETAI CITY JUJIN URB     7.73      10/26/24        CNY     25.27
ANHUI PINGTIANHU INVE     7.50      08/13/26        CNY     60.00
ANHUI PINGTIANHU INVE     7.50      08/13/26        CNY     42.46
ANLU CONSTRUCTION DEV     7.80      11/28/26        CNY     63.96
ANLU CONSTRUCTION DEV     7.80      11/28/26        CNY     60.00
ANNING DEVELOPMENT IN     8.80      09/11/25        CNY     41.43
ANNING DEVELOPMENT IN     8.00      12/04/25        CNY     21.45
ANNING DEVELOPMENT IN     8.00      12/04/25        CNY     21.40
ANSHANG WANGTONG CONS     7.50      05/06/26        CNY     42.40
ANSHUN CITY XIXIU IND     8.00      01/29/26        CNY     41.72
ANSHUN CITY XIXIU IND     7.90      11/15/25        CNY     41.32
ANSHUN TRANSPORTATION     7.50      10/31/24        CNY     20.19
ANYUE XINGAN CITY DEV     7.50      05/06/26        CNY     42.23
ANYUE XINGAN CITY DEV     7.50      01/30/25        CNY     20.46
ANYUE XINGAN CITY DEV     7.50      01/30/25        CNY     20.46
BIJIE CITY ANFANG CON     7.80      01/18/26        CNY     41.87
BIJIE CITY ANFANG CON     7.80      01/18/26        CNY     41.47
BIJIE QIXINGGUAN DIST     8.05      08/16/25        CNY     41.08
BIJIE QIXINGGUAN DIST     7.60      09/08/24        CNY     20.07
BIJIE TIANHE URBAN CO     8.05      12/03/25        CNY     41.74
BIJIE TIANHE URBAN CO     8.05      12/03/25        CNY     41.55
BIJIE XINTAI INVESTME     7.80      11/01/24        CNY     20.24
CAOXIAN SHANG DU INVE     7.80      10/28/26        CNY     63.66
CAOXIAN SHANG DU INVE     7.80      10/28/26        CNY     63.58
CHANGDE DEYUAN INVEST     7.70      06/11/25        CNY     20.87
CHANGDE DEYUAN INVEST     7.70      06/11/25        CNY     20.87
CHANGDE DINGCHENG JIA     7.58      10/19/25        CNY     41.32
CHANGDE DINGCHENG JIA     7.58      10/19/25        CNY     41.32
CHENGDU GARDEN WATER      8.00      06/13/25        CNY     20.89
CHENGDU GARDEN WATER      7.50      09/11/24        CNY     20.08
CHENGDU GARDEN WATER      7.50      09/11/24        CNY     20.07
CHENGDU GARDEN WATER      8.00      06/13/25        CNY     20.00
CHISHUI CITY CONSTRUC     8.50      01/18/26        CNY     42.09
CHISHUI CITY CONSTRUC     8.50      01/18/26        CNY     41.93
CHONGQING HONGYE INDU     7.50      12/24/26        CNY     64.00
CHONGQING JIANGLAI IN     7.50      10/26/25        CNY     41.40
CHONGQING JIANGLAI IN     7.50      10/26/25        CNY     40.00
CHONGQING NANCHUAN CI     7.80      08/06/26        CNY     42.84
CHONGQING SHUANGFU CO     7.50      09/09/26        CNY     62.99
CHONGQING THREE GORGE     7.80      03/01/26        CNY     42.28
CHONGQING THREE GORGE     7.80      03/01/26        CNY     40.00
CHONGQING TONGRUI AGR     7.50      09/18/26        CNY     63.20
CHONGQING TONGRUI AGR     7.50      09/18/26        CNY     60.00
CHONGQING WANSHENG EC     7.50      03/27/25        CNY     20.73
CHONGQING WANSHENG EC     7.50      03/27/25        CNY     20.62
CHONGQING YUDIAN STAT     8.00      11/30/25        CNY     41.72
CHUYING AGRO-PASTORA      8.80      06/26/19        CNY      2.00
DALI URBAN DEVELOPMEN     8.00      12/25/25        CNY     41.88
DALI URBAN DEVELOPMEN     8.00      12/25/25        CNY     41.87
DASHIQIAO URBAN CONST     7.59      08/14/24        CNY     20.00
DASHIQIAO URBAN CONST     7.59      08/14/24        CNY     20.00
DAWA COUNTY CITY CONS     7.80      01/30/26        CNY     42.02
DAWA COUNTY CITY CONS     7.80      01/30/26        CNY     38.80
DAWU COUNTY URBAN CON     7.50      09/20/26        CNY     63.20
DAWU COUNTY URBAN CON     7.50      09/20/26        CNY     60.00
DING NAN CITY CONSTRU     7.80      04/08/26        CNY     42.10
DING NAN CITY CONSTRU     7.80      04/08/26        CNY     40.00
DUJIANGYAN NEW CITY C     7.80      10/11/25        CNY     41.44
DUJIANGYAN NEW CITY C     7.80      10/11/25        CNY     41.37
DUJIANGYAN NEW CITY C     7.80      05/02/25        CNY     20.76
DUJIANGYAN NEW CITY C     7.80      05/02/25        CNY     20.00
DUJIANGYAN XINGYAN IN     7.50      11/01/26        CNY     63.66
FANGCHENG GANGSHI WEN     7.93      12/25/25        CNY     41.84
FANGCHENG GANGSHI WEN     7.95      10/11/25        CNY     41.48
FANGCHENG GANGSHI WEN     7.95      10/11/25        CNY     40.00
FANGCHENG GANGSHI WEN     7.93      12/25/25        CNY     40.00
FANTASIA GROUP CHINA      7.50      06/30/28        CNY     73.70
FANTASIA GROUP CHINA      7.80      06/30/28        CNY     44.53
FUJIAN FUSHENG GROUP      7.90      12/17/21        CNY     70.99
FUJIAN FUSHENG GROUP      7.90      11/19/21        CNY     60.00
FUZHOU LINCHUAN URBAN     8.00      02/26/26        CNY     42.43
GANZHOU NANKANG DISTR     8.00      01/23/26        CNY     42.04
GANZHOU NANKANG DISTR     8.00      10/29/25        CNY     41.53
GANZHOU NANKANG DISTR     8.00      09/27/25        CNY     41.51
GANZHOU NANKANG DISTR     8.00      01/23/26        CNY     40.00
GANZHOU NANKANG DISTR     8.00      10/29/25        CNY     40.00
GANZHOU NANKANG DISTR     8.00      09/27/25        CNY     40.00
GANZHOU ZHANGGONG CON     7.80      10/16/25        CNY     42.68
GANZHOU ZHANGGONG CON     7.80      10/16/25        CNY     41.47
GAOQING LU QING ASSET     7.50      09/27/24        CNY     20.13
GAOQING LU QING ASSET     7.50      09/27/24        CNY     20.13
GOME APPLIANCE CO LTD     7.80      12/21/24        CNY     37.00
GUANGAN XINHONG INVES     7.50      06/03/26        CNY     42.57
GUANGDONG PEARL RIVER     7.50      10/26/26        CNY     21.23
GUANGXI BAISE EXPERIM     7.59      01/08/26        CNY     41.81
GUANGXI BAISE EXPERIM     7.60      12/24/25        CNY     41.59
GUANGXI BAISE EXPERIM     7.60      12/24/25        CNY     40.00
GUANGXI BAISE EXPERIM     7.59      01/08/26        CNY     39.39
GUANGXI CHONGZUO URBA     8.50      09/26/25        CNY     41.46
GUANGXI CHONGZUO URBA     8.50      09/26/25        CNY     41.44
GUANGXI NINGMING HUIN     8.50      11/05/26        CNY     64.32
GUANGXI NINGMING HUIN     8.50      11/05/26        CNY     63.39
GUANGXI NINGMING HUIN     8.50      12/07/25        CNY     41.75
GUANGXI TIANDONG COUN     7.50      06/04/27        CNY     40.00
GUANGYUAN CITY DEVELO     7.50      10/25/27        CNY     37.44
GUANGYUAN YUANQU CONS     7.50      12/23/26        CNY     63.95
GUANGYUAN YUANQU CONS     7.50      10/30/26        CNY     62.55
GUANGYUAN YUANQU CONS     7.50      12/23/26        CNY     60.00
GUANGYUAN YUANQU CONS     7.50      10/30/26        CNY     60.00
GUANGZHOU FINELAND RE    13.60      07/27/23        USD      0.63
GUCHENG CONSTRUCTION      7.88      04/27/25        CNY     20.68
GUCHENG CONSTRUCTION      7.88      04/27/25        CNY     20.00
GUIXI STATE OWNED HOL     7.50      09/17/26        CNY     63.42
GUIXI STATE OWNED HOL     7.50      09/17/26        CNY     63.36
GUIYANG BAIYUN INDUST     7.50      03/06/26        CNY     42.09
GUIYANG BAIYUN INDUST     7.50      03/06/26        CNY     41.38
GUIYANG BAIYUN INDUST     8.30      03/21/25        CNY     20.59
GUIYANG BAIYUN INDUST     8.30      03/21/25        CNY     20.00
GUIYANG ECONOMIC DEVE     7.50      04/30/26        CNY     42.22
GUIYANG ECONOMIC DEVE     7.90      10/29/25        CNY     41.25
GUIYANG ECONOMIC DEVE     7.90      10/29/25        CNY     41.24
GUIYANG ECONOMIC TECH     7.80      04/30/26        CNY     42.54
GUIYANG ECONOMIC TECH     7.80      04/30/26        CNY     42.45
GUIYANG HI-TECH HOLDI     8.00      11/25/26        CNY     62.49
GUIYANG HI-TECH HOLDI     8.00      11/25/26        CNY     60.27
GUIZHOU CHANGSHUN COU     8.50      03/19/26        CNY     42.59
GUIZHOU CHANGSHUN COU     8.50      03/19/26        CNY     40.00
GUIZHOU EAST LAKE CIT     8.00      12/07/25        CNY     41.77
GUIZHOU EAST LAKE CIT     8.00      12/07/25        CNY     41.09
GUIZHOU GUIAN DEVELOP     7.60      04/26/25        CNY      6.00
GUIZHOU HONGGUO ECONO     7.80      02/08/25        CNY     20.52
GUIZHOU HONGGUO ECONO     7.80      11/24/24        CNY     20.22
GUIZHOU HONGGUO ECONO     7.80      11/24/24        CNY     10.50
GUIZHOU JINFENGHUANG      7.60      08/19/26        CNY     63.05
GUIZHOU SHUANGLONG AI     7.50      04/20/30        CNY     60.00
GUIZHOU SHUICHENG ECO     7.50      10/26/25        CNY     41.38
GUIZHOU SHUICHENG ECO     7.50      10/26/25        CNY     19.50
GUIZHOU SHUICHENG WAT     8.00      11/27/25        CNY     41.39
GUIZHOU SHUICHENG WAT     8.00      11/27/25        CNY     41.38
GUIZHOU XINDONGGUAN C     7.70      09/05/24        CNY     20.06
GUIZHOU ZHONGSHAN DEV     8.00      03/18/29        CNY     70.00
HAIAN URBAN DEMOLITIO     8.00      12/21/25        CNY     41.82
HAIAN URBAN DEMOLITIO     7.74      05/02/25        CNY     20.73
HENGYANG CITY AND URB     7.80      12/14/24        CNY     20.36
HENGYANG CITY AND URB     7.80      12/14/24        CNY     20.36
HENGYANG CITY AND URB     7.50      09/22/24        CNY     20.11
HENGYANG CITY AND URB     7.50      09/22/24        CNY     20.11
HONGAN URBAN DEVELOPM     7.50      12/04/24        CNY     20.29
HONGAN URBAN DEVELOPM     7.50      12/04/24        CNY     20.00
HUAINAN SHAN NAN DEVE     7.94      04/01/26        CNY     42.43
HUAINAN SHAN NAN DEVE     7.94      04/01/26        CNY     40.00
HUAINAN URBAN CONSTRU     7.58      02/12/26        CNY     42.05
HUAINAN URBAN CONSTRU     7.50      03/20/25        CNY     20.63
HUAINAN URBAN CONSTRU     7.50      03/20/25        CNY     20.00
HUBEI DAYE LAKE HIGH-     7.50      04/01/26        CNY     42.20
HUBEI DAYE LAKE HIGH-     7.50      04/01/26        CNY     40.00
HUBEI JIAKANG CONSTRU     7.80      12/19/25        CNY     41.45
HUBEI YILING ECONOMIC     7.50      03/28/26        CNY     42.24
HUBEI YILING ECONOMIC     7.50      03/28/26        CNY     40.00
HUNAN CHUZHISHENG HOL     7.50      03/27/26        CNY     42.24
HUNAN CHUZHISHENG HOL     7.50      03/27/26        CNY     40.00
HUNAN MEISHAN RESOURC     8.00      03/21/26        CNY     42.45
HUNAN MEISHAN RESOURC     8.00      03/21/26        CNY     40.00
HUNAN TIANYI RONGTONG     8.00      10/24/25        CNY     41.54
HUNAN TIANYI RONGTONG     8.00      10/24/25        CNY     41.53
HUNAN TIANYI RONGTONG     7.50      09/17/25        CNY     41.20
HUNAN XUANDA CONSTRUC     7.50      01/23/26        CNY     41.85
HUNAN XUANDA CONSTRUC     7.50      01/24/26        CNY     41.85
HUNAN XUANDA CONSTRUC     7.50      01/24/26        CNY     40.00
HUNAN XUANDA CONSTRUC     7.50      01/23/26        CNY     40.00
HUZHOU NEW CITY INVES     7.50      11/23/24        CNY     20.31
HUZHOU NEW CITY INVES     7.50      11/23/24        CNY     20.00
HUZHOU WUXING NANTAIH     7.90      09/20/25        CNY     41.39
JIA COUNTY DEVELOPMEN     7.50      01/21/27        CNY     64.04
JIA COUNTY DEVELOPMEN     7.50      01/21/27        CNY     58.00
JIAHE ZHUDU DEVELOPME     7.50      03/13/25        CNY     20.58
JIAHE ZHUDU DEVELOPME     7.50      03/13/25        CNY     20.00
JIANGSU YANGKOU PORT      7.60      08/17/25        CNY     42.50
JIANGSU YANGKOU PORT      7.60      08/17/25        CNY     40.97
JIANGSU ZHONGNAN CONS     7.80      03/17/29        CNY     44.19
JIANGXI HUANGGANGSHAN     7.90      01/25/26        CNY     41.57
JIANGXI HUANGGANGSHAN     7.90      10/08/25        CNY     41.41
JIANGXI HUANGGANGSHAN     7.90      10/08/25        CNY     41.18
JIANGXI JIHU DEVELOPM     7.50      04/10/25        CNY     20.66
JIANGXI JIHU DEVELOPM     7.50      04/10/25        CNY     20.00
JIANGXI TONGGU CITY C     7.50      04/21/27        CNY     64.68
JIANGYOU XINGYI PARKI     7.50      05/07/26        CNY     52.03
JIANGYOU XINGYI PARKI     7.80      12/17/25        CNY     51.79
JIANLI FENGYUAN CITY      7.50      01/14/26        CNY     42.00
JIANLI FENGYUAN CITY      7.50      01/14/26        CNY     40.00
JILIN ECONOMY TECHNOL     8.00      03/26/28        CNY     64.04
JILIN ECONOMY TECHNOL     8.00      03/26/28        CNY     59.21
JINING NEW CITY DEVEL     7.60      03/23/25        CNY     20.58
JINING NEW CITY DEVEL     7.60      03/23/25        CNY     20.00
JINXIANG COUNTY CITY      7.50      03/20/26        CNY     42.19
JINXIANG COUNTY CITY      7.50      03/20/26        CNY     40.92
JINZHOU CIHANG GROUP      9.00      04/05/20        CNY     33.63
JUNAN COUNTY URBAN CO     7.50      09/26/24        CNY     20.25
JUNAN COUNTY URBAN CO     7.50      09/26/24        CNY     20.12
KAILI GUIZHOU TOWN CO     7.98      03/30/27        CNY     65.20
KAILI GUIZHOU TOWN CO     7.98      03/30/27        CNY     65.20
LAOTING INVESTMENT GR     7.50      04/11/26        CNY     42.28
LAOTING INVESTMENT GR     7.50      04/11/26        CNY     39.80
LIJIN CITY CONSTRUCTI     7.50      04/26/26        CNY     42.39
LIJIN CITY CONSTRUCTI     7.50      12/20/25        CNY     41.59
LIJIN CITY CONSTRUCTI     7.50      04/26/26        CNY     40.00
LIJIN CITY CONSTRUCTI     7.50      12/20/25        CNY     40.00
LINFEN YAODU DISTRICT     7.50      09/19/25        CNY     41.20
LINYI COUNTY CITY DEV     7.78      03/21/25        CNY     20.66
LINYI COUNTY CITY DEV     7.78      03/21/25        CNY     20.00
LINYI ZHENDONG CONSTR     7.50      12/06/25        CNY     41.60
LINYI ZHENDONG CONSTR     7.50      11/26/25        CNY     41.54
LIUPANSHUI AGRICULTUR     8.00      04/26/27        CNY     60.59
LIUPANSHUI AGRICULTUR     8.00      04/26/27        CNY     60.58
LONGNAN ECO&TECH DEVE     7.50      07/26/26        CNY     42.68
LUANCHUAN COUNTY TIAN     8.50      01/23/26        CNY     42.19
LUANCHUAN COUNTY TIAN     8.50      01/23/26        CNY     40.00
LUOHE ECONOMIC DEVELO     7.50      12/18/25        CNY     41.63
LUOHE ECONOMIC DEVELO     7.50      12/18/25        CNY     41.63
LUOYANG XIYUAN STATE-     7.80      01/29/26        CNY     41.89
LUOYANG XIYUAN STATE-     7.80      01/29/26        CNY     41.37
LUOYANG XIYUAN STATE-     7.50      11/15/25        CNY     41.04
MAANSHAN NINGBO INVES     7.50      04/18/26        CNY     42.30
MAANSHAN NINGBO INVES     7.80      11/29/25        CNY     41.64
MAANSHAN NINGBO INVES     7.80      11/29/25        CNY     41.62
MAANSHAN NINGBO INVES     7.50      04/18/26        CNY     16.00
MEISHAN CITY DONGPO D     8.00      01/03/26        CNY     41.92
MEISHAN CITY DONGPO D     8.08      08/16/25        CNY     41.09
MEISHAN CITY DONGPO D     8.08      08/16/25        CNY     40.00
MEISHAN CITY DONGPO D     8.00      01/03/26        CNY     40.00
MEISHAN HONGSHUN PARK     7.50      12/10/25        CNY     51.98
MENGZHOU INVESTMENT A     8.00      11/06/25        CNY     41.57
MENGZHOU INVESTMENT A     8.00      09/03/25        CNY     41.19
MENGZHOU INVESTMENT A     8.00      11/06/25        CNY     40.00
MENGZHOU INVESTMENT A     8.00      09/03/25        CNY     40.00
MENGZI CITY DEVELOPME     8.00      03/25/26        CNY     42.39
MENGZI CITY DEVELOPME     8.00      03/25/26        CNY     42.06
MENGZI CITY DEVELOPME     7.65      09/25/24        CNY     20.12
MENGZI CITY DEVELOPME     7.65      09/25/24        CNY     20.11
MIAN YANG ECONOMIC DE     8.00      09/29/26        CNY     63.58
MIAN YANG ECONOMIC DE     8.00      09/29/26        CNY     60.00
MIAN YANG ECONOMIC DE     8.20      03/15/26        CNY     42.40
MIAN YANG ECONOMIC DE     8.20      03/15/26        CNY     40.00
MIANYANG ANZHOU INVES     7.90      11/25/26        CNY     64.03
MIANYANG ANZHOU INVES     7.90      11/25/26        CNY     60.00
MIANYANG ANZHOU INVES     8.10      11/22/25        CNY     41.69
MIANYANG ANZHOU INVES     8.10      11/22/25        CNY     40.00
MIANYANG ANZHOU INVES     8.10      05/04/25        CNY     20.81
MIANYANG HUIDONG INVE     8.10      04/28/25        CNY     20.80
MIANYANG HUIDONG INVE     8.10      02/10/25        CNY     20.57
MIANZHU CITY JINSHEN      7.87      12/18/25        CNY     41.77
MIANZHU CITY JINSHEN      7.87      12/18/25        CNY     41.46
MILE AGRICULTURAL INV     7.60      02/27/26        CNY     42.08
MILE AGRICULTURAL INV     8.00      10/25/25        CNY     41.50
MILE AGRICULTURAL INV     7.60      02/27/26        CNY     41.00
MUDANJIANG LONGSHENG      7.50      09/27/25        CNY     41.22
NANCHONG JIALING DEVE     7.98      05/23/25        CNY     20.87
NANCHONG JIALING DEVE     7.80      12/12/24        CNY     20.36
NANCHONG JIALING DEVE     7.80      12/12/24        CNY     20.36
NANCHONG JIALING DEVE     7.98      05/23/25        CNY     20.00
NEOGLORY HOLDING GROU     8.10      11/23/18        CNY     72.00
NEOGLORY HOLDING GROU     8.00      09/25/20        CNY     60.00
NEOGLORY HOLDING GROU     8.00      10/22/20        CNY     56.00
NINGXIA SHENG YAN IND     7.50      09/27/28        CNY     42.45
PANJIN CITY SHUANGTAI     8.50      01/29/26        CNY     42.23
PANJIN CITY SHUANGTAI     8.50      01/29/26        CNY     42.23
PANJIN CITY SHUANGTAI     8.70      12/20/25        CNY     42.07
PANJIN CITY SHUANGTAI     8.70      12/20/25        CNY     42.07
PANJIN LIAODONGWAN ZH     7.50      12/28/26        CNY     64.00
PEIXIAN ECONOMIC DEVE     7.51      11/04/26        CNY     63.52
PEIXIAN ECONOMIC DEVE     7.51      11/04/26        CNY     60.00
PENGSHAN DEVELOPMENT      7.98      05/03/25        CNY     21.59
PENGSHAN DEVELOPMENT      7.98      05/03/25        CNY     20.81
PENGZE CITY DEVELOPME     7.60      08/31/25        CNY     41.25
PENGZE CITY DEVELOPME     7.60      08/31/25        CNY     41.09
PINGLIANG CHENGXIANG      7.80      03/29/26        CNY     42.33
PINGLIANG CHENGXIANG      7.80      03/29/26        CNY     41.43
PUDING YELANG STATE-O     8.00      03/13/25        CNY     20.70
PUDING YELANG STATE-O     8.00      03/13/25        CNY     20.65
PUDING YELANG STATE-O     7.79      11/13/24        CNY     20.26
PUDING YELANG STATE-O     7.79      11/13/24        CNY     20.16
PUER CITY SI MAO GUO      7.50      03/14/26        CNY     42.12
PUER CITY SI MAO GUO      7.50      03/14/26        CNY     41.91
QIANDONGNAN TRANSPORT     8.00      01/15/27        CNY     64.63
QIANDONGNAN TRANSPORT     8.00      01/15/27        CNY     64.62
QIANNANZHOU INVESTMEN     8.00      01/02/26        CNY     41.92
QIANXINAN AUTONOMOUS      8.00      06/22/27        CNY     65.30
QIANXINAN AUTONOMOUS      8.00      06/22/27        CNY     65.22
QIANXINAN PREFECTURE      7.99      06/10/27        CNY     65.93
QIANXINAN PREFECTURE      7.99      06/10/27        CNY     60.00
QINGHAI PROVINCIAL IN     7.88      03/22/21        USD      1.44
QINGZHEN CITY CONSTRU     7.50      03/18/26        CNY     42.13
QINGZHEN CITY CONSTRU     7.50      03/18/26        CNY     42.13
QINGZHOU HONGYUAN PUB     7.60      06/17/27        CNY     49.12
QINZHOU BINHAI NEW CI     7.70      08/15/26        CNY     63.10
QINZHOU BINHAI NEW CI     7.70      08/15/26        CNY     63.10
QUJING CITY QILIN DIS     8.50      01/21/26        CNY     42.22
QUJING CITY QILIN DIS     8.50      01/21/26        CNY     40.00
RENHUAI WATER INVESTM     8.00      12/26/25        CNY     40.58
RENHUAI WATER INVESTM     7.98      07/26/25        CNY     21.03
RENHUAI WATER INVESTM     7.98      02/24/25        CNY     20.37
RUCHENG SHUNXING INVE     7.50      01/07/26        CNY     41.82
RUCHENG SHUNXING INVE     7.50      01/07/26        CNY     40.00
RUDONG NEW WORLD INVE     7.50      12/06/26        CNY     63.94
RUDONG NEW WORLD INVE     7.50      12/06/26        CNY     60.00
RUILI RENLONG INVESTM     8.00      09/20/26        CNY     62.77
SHAANXI XIYUE HUASHAN     7.50      12/27/26        CNY     63.95
SHANDONG HONGHE HOLDI     7.50      01/29/26        CNY     41.86
SHANDONG OCEAN CULTUR     7.50      04/25/26        CNY     42.08
SHANDONG OCEAN CULTUR     7.50      03/28/26        CNY     41.87
SHANDONG RENCHENG RON     7.50      01/23/26        CNY     41.56
SHANDONG RUYI TECHNOL     7.90      09/18/23        CNY     52.10
SHANDONG SANXING GROU     7.90      08/30/24        CNY     58.00
SHANDONG URBAN CAPITA     7.50      04/12/26        CNY     41.98
SHANDONG URBAN CAPITA     7.50      04/12/26        CNY     40.00
SHANGLI INVESTMENT CO     7.80      01/22/26        CNY     41.73
SHANGLI INVESTMENT CO     7.80      01/22/26        CNY     40.49
SHANGLI INVESTMENT CO     7.50      06/01/25        CNY     20.81
SHANGLI INVESTMENT CO     7.50      06/01/25        CNY     20.75
SHANGRAO GUANGXIN URB     7.95      07/24/25        CNY     21.01
SHANGRAO GUANGXIN URB     7.95      07/24/25        CNY     20.96
SHANXI JINZHONG STATE     7.50      05/05/26        CNY     42.39
SHAOYANG SAISHUANGQIN     8.00      11/28/25        CNY     41.70
SHAOYANG SAISHUANGQIN     8.00      11/28/25        CNY     40.00
SHEHONG STATE OWNED A     7.60      10/25/25        CNY     41.43
SHEHONG STATE OWNED A     7.50      08/22/25        CNY     41.05
SHEHONG STATE OWNED A     7.60      10/25/25        CNY     40.00
SHEHONG STATE OWNED A     7.60      10/22/25        CNY     40.00
SHEHONG STATE OWNED A     7.50      08/22/25        CNY     40.00
SHEHONG STATE OWNED A     7.60      10/22/25        CNY     21.22
SHENWU ENVIRONMENTAL      9.00      03/14/19        CNY     12.00
SHEYANG URBAN CONSTRU     7.80      11/27/24        CNY     20.26
SHEYANG URBAN CONSTRU     7.80      11/27/24        CNY     20.26
SHIFANG CITY NATIONAL     8.00      12/05/25        CNY     41.56
SHIFANG CITY NATIONAL     8.00      12/05/25        CNY     40.00
SHIYAN CITY CHENGTOU      7.80      02/13/26        CNY     45.55
SHUANGYASHAN DADI CIT     8.50      12/16/26        CNY     64.72
SHUANGYASHAN DADI CIT     8.50      12/16/26        CNY     64.72
SHUANGYASHAN DADI CIT     8.50      08/26/26        CNY     63.67
SHUANGYASHAN DADI CIT     8.50      08/26/26        CNY     63.66
SHUANGYASHAN DADI CIT     8.50      04/30/26        CNY     42.86
SHUANGYASHAN DADI CIT     8.50      04/30/26        CNY     42.86
SHUOZHOU INVESTMENT C     7.80      12/25/25        CNY     41.79
SHUOZHOU INVESTMENT C     7.80      12/25/25        CNY     41.74
SHUOZHOU INVESTMENT C     7.50      10/23/25        CNY     41.60
SHUOZHOU INVESTMENT C     7.50      10/23/25        CNY     41.35
SICHUAN CHENG'A DEVEL     7.50      11/29/24        CNY     20.29
SICHUAN CHENG'A DEVEL     7.50      11/06/24        CNY     20.20
SICHUAN CHENG'A DEVEL     7.50      11/29/24        CNY     20.00
SICHUAN CHENG'A DEVEL     7.50      11/06/24        CNY     20.00
SICHUAN COAL INDUSTRY     7.70      01/09/18        CNY     45.00
SICHUAN LANGUANG DEVE     7.50      07/23/22        CNY     42.00
SICHUAN LANGUANG DEVE     7.50      08/12/21        CNY     12.63
SICHUAN LANGUANG DEVE     7.50      07/11/21        CNY     12.63
SIYANG JIADING INDUST     7.50      12/14/25        CNY     41.86
SIYANG JIADING INDUST     7.50      12/14/25        CNY     41.66
SIYANG JIADING INDUST     7.50      04/27/25        CNY     20.70
SIYANG JIADING INDUST     7.50      04/27/25        CNY     20.70
TAHOE GROUP CO LTD        7.50      08/15/20        CNY     27.00
TAHOE GROUP CO LTD        8.50      08/02/21        CNY      6.00
TAHOE GROUP CO LTD        7.50      09/19/21        CNY      6.00
TAHOE GROUP CO LTD        7.50      10/10/20        CNY      4.71
TAIXING CITY CHENGXIN     7.60      04/24/26        CNY     42.48
TAIXING CITY CHENGXIN     7.60      04/04/26        CNY     42.31
TAIXING CITY CHENGXIN     7.80      03/05/26        CNY     42.28
TAIXING CITY CHENGXIN     7.80      03/05/26        CNY     40.00
TAIXING CITY CHENGXIN     7.60      04/24/26        CNY     40.00
TAIXING CITY CHENGXIN     7.60      04/04/26        CNY     40.00
TAIXING XINGHUANG INV     8.50      11/15/25        CNY     41.42
TAIXING XINGHUANG INV     8.50      11/15/25        CNY     39.59
TAIZHOU FENGCHENGHE C     7.90      12/29/24        CNY     20.34
TAIZHOU FENGCHENGHE C     7.90      12/29/24        CNY     20.00
TAIZHOU HUACHENG MEDI     8.50      12/26/25        CNY     42.04
TAIZHOU HUACHENG MEDI     8.50      12/26/25        CNY     40.00
TANCHENG COUNTY CITY      7.50      04/09/26        CNY     42.27
TANCHENG COUNTY CITY      7.50      04/09/26        CNY     40.00
TANGSHAN HOLDING DEVE     7.60      05/16/25        CNY     20.82
TAOYUAN COUNTY CONSTR     8.00      10/17/26        CNY     63.83
TAOYUAN COUNTY CONSTR     7.50      09/11/26        CNY     62.99
TAOYUAN COUNTY CONSTR     8.00      10/17/26        CNY     60.00
TAOYUAN COUNTY CONSTR     7.50      09/11/26        CNY     60.00
TAOYUAN COUNTY ECONOM     8.20      09/06/25        CNY     41.29
TAOYUAN COUNTY ECONOM     8.20      09/06/25        CNY     41.25
TEMPUS GROUP CO LTD       7.50      06/07/20        CNY      2.00
TENGCHONG SHIXINGBANG     7.50      05/05/26        CNY     52.83
TIANJIN REAL ESTATE G     7.70      03/16/21        CNY     21.49
TONGCHENG CITY CONSTR     7.50      07/23/25        CNY     20.95
TONGCHENG CITY CONSTR     7.50      07/23/25        CNY     20.00
TONGHUA FENGYUAN INVE     7.80      04/30/26        CNY     42.53
TONGHUA FENGYUAN INVE     8.00      12/18/25        CNY     41.83
TONGHUA FENGYUAN INVE     7.80      04/30/26        CNY     41.70
TONGHUA FENGYUAN INVE     8.00      12/18/25        CNY     40.00
TONGREN WATER GROUP C     8.00      11/29/28        CNY     74.32
TONGXIANG CHONGDE INV     7.88      11/29/25        CNY     41.72
TONGXIANG CHONGDE INV     7.88      11/29/25        CNY     41.70
TUNGHSU GROUP CO LTD      8.18      10/25/21        CNY     22.00
URUMQI ECO TECH DEVEL     7.50      10/19/25        CNY     41.30
URUMQI ECO TECH DEVEL     7.50      10/19/25        CNY     40.00
WEIHAI LANCHUANG CONS     7.70      10/11/25        CNY     41.15
WEIHAI WENDENG URBAN      7.70      05/02/28        CNY     64.95
WEINAN CITY INDUSTRIA     7.50      06/30/27        CNY     65.48
WEINAN CITY INDUSTRIA     7.50      06/30/27        CNY     60.00
WEINAN CITY INDUSTRIA     7.50      04/28/26        CNY     42.18
WEINAN CITY INDUSTRIA     7.50      04/28/26        CNY     40.00
WINTIME ENERGY GROUP      7.90      03/29/21        CNY     43.63
WINTIME ENERGY GROUP      7.90      12/22/20        CNY     43.63
WINTIME ENERGY GROUP      7.70      11/15/20        CNY     43.63
WINTIME ENERGY GROUP      7.50      04/04/21        CNY     43.63
WINTIME ENERGY GROUP      7.50      12/06/20        CNY     43.63
WINTIME ENERGY GROUP      7.50      11/16/20        CNY     43.63
WUSU CITY XINGRONG CO     7.50      10/25/25        CNY     41.38
WUSU CITY XINGRONG CO     7.50      10/25/25        CNY     40.00
WUXUE URBAN CONSTRUCT     7.50      04/12/26        CNY     42.13
WUXUE URBAN CONSTRUCT     7.50      04/12/26        CNY     40.00
WUZHOU CANGHAI CONSTR     8.00      05/31/28        CNY     66.42
WUZHOU CITY CONSTRUCT     7.90      03/26/29        CNY     73.20
XIAN LINTONG URBAN IN     7.69      04/22/26        CNY     42.27
XIAN LINTONG URBAN IN     7.69      04/22/26        CNY     40.00
XIFENG COUNTY URBAN C     8.00      03/14/26        CNY     42.26
XINFENG COUNTY URBAN      7.80      04/16/26        CNY     42.37
XINFENG COUNTY URBAN      7.80      04/16/26        CNY     41.88
XINFENG COUNTY URBAN      7.80      12/05/25        CNY     41.67
XINFENG COUNTY URBAN      7.80      12/05/25        CNY     40.00
XINGYI XINHENG URBAN      8.00      11/21/25        CNY     41.56
XINGYI XINHENG URBAN      7.90      01/31/25        CNY     20.44
XINGYI XINHENG URBAN      7.90      01/31/25        CNY     20.00
XINPING URBAN DEVELOP     7.70      01/24/26        CNY     41.88
XINYU CITY YUSHUI DIS     7.50      09/24/26        CNY     63.21
XIPING COUNTY INDUSTR     7.50      12/26/24        CNY     20.37
XIPING COUNTY INDUSTR     7.50      12/26/24        CNY     20.00
XIUSHAN HUAXING ENTER     7.50      09/25/25        CNY     41.21
XIUSHAN HUAXING ENTER     7.50      09/25/25        CNY     41.21
XUZHOU CITY JIAWANG C     7.98      05/06/26        CNY     42.68
XUZHOU CITY JIAWANG C     7.88      01/28/26        CNY     42.22
XUZHOU CITY JIAWANG C     7.88      01/28/26        CNY     40.58
XUZHOU CITY JIAWANG C     7.98      05/06/26        CNY     40.50
YANCHENG URBANIZATION     7.50      03/04/27        CNY     64.77
YANGLING URBAN RURAL      7.80      06/19/26        CNY     42.83
YANGLING URBAN RURAL      7.80      02/20/26        CNY     42.12
YANGLING URBAN RURAL      7.80      06/19/26        CNY     40.00
YANGLING URBAN RURAL      7.80      02/20/26        CNY     40.00
YIBIN NANXI CAIYUAN S     8.10      11/28/25        CNY     41.77
YIBIN NANXI CAIYUAN S     8.10      11/28/25        CNY     41.73
YIBIN NANXI CAIYUAN S     8.10      07/24/25        CNY     20.95
YIBIN NANXI CAIYUAN S     8.10      07/24/25        CNY     20.00
YICHANG CHUANGYUAN HO     7.80      11/06/25        CNY     41.53
YINGKOU BEIHAI NEW CI     7.98      01/25/25        CNY     20.49
YINGKOU BEIHAI NEW CI     7.98      01/25/25        CNY     20.49
YINGTAN JUNENG INVEST     8.00      05/06/26        CNY     42.72
YINGTAN JUNENG INVEST     8.00      05/06/26        CNY     40.00
YIYANG COUNTY CITY CO     7.90      11/05/25        CNY     42.01
YIYANG COUNTY CITY CO     7.90      11/05/25        CNY     41.58
YIYANG COUNTY CITY CO     7.50      06/07/25        CNY     20.70
YIYANG COUNTY CITY CO     7.50      06/07/25        CNY     20.00
YIYANG LONGLING CONST     7.60      01/23/26        CNY     41.83
YIYANG LONGLING CONST     7.60      01/23/26        CNY     40.30
YIYUAN HONGDING ASSET     7.50      08/17/25        CNY     41.15
YIYUAN HONGDING ASSET     7.50      08/17/25        CNY     41.02
YONGAN STATE-OWNED AS     8.50      11/26/25        CNY     41.52
YONGAN STATE-OWNED AS     8.50      11/26/25        CNY     40.00
YONGCHENG COAL & ELEC     7.50      02/02/21        CNY     39.88
YONGXIU CITY CONSTRUC     7.80      08/27/25        CNY     41.05
YONGXIU CITY CONSTRUC     7.80      08/27/25        CNY     40.00
YONGXIU CITY CONSTRUC     7.50      05/02/25        CNY     20.60
YONGXIU CITY CONSTRUC     7.50      05/02/25        CNY     20.00
YOUYANG COUNTY TAOHUA     7.50      09/28/25        CNY     41.23
YUANJIANG CITY CONSTR     7.50      01/18/26        CNY     41.84
YUANJIANG CITY CONSTR     7.50      01/18/26        CNY     41.84
YUDU ZHENXING INVESTM     7.50      05/03/25        CNY     20.65
YUDU ZHENXING INVESTM     7.50      05/03/25        CNY     20.49
YUEYANG CITY JUNSHAN      7.96      03/13/27        CNY     65.29
YUEYANG CITY JUNSHAN      7.96      03/13/27        CNY     60.51
YUEYANG CITY JUNSHAN      7.96      04/23/26        CNY     42.68
YUEYANG CITY JUNSHAN      7.96      04/23/26        CNY     40.00
YUEYANG HUILIN INVEST     7.50      12/23/26        CNY     64.23
YUEYANG HUILIN INVEST     7.50      12/23/26        CNY     60.00
YUSHEN ENERGY DEVELOP     7.50      05/07/27        CNY     65.11
YUSHEN ENERGY DEVELOP     7.50      05/07/27        CNY     60.00
YUTAI XINDA ECONOMIC      7.50      04/10/26        CNY     42.28
ZHANGJIAJIE LOULI TOW     7.50      03/26/26        CNY     42.18
ZHANGJIAJIE LOULI TOW     7.50      03/26/26        CNY     42.18
ZHANGZI NATIONAL OWNE     7.50      10/18/26        CNY     63.66
ZHANGZI NATIONAL OWNE     7.50      10/18/26        CNY     60.00
ZHEJIANG CHANGXING HU     7.50      05/16/26        CNY     42.43
ZHEJIANG CHANGXING HU     7.50      12/26/25        CNY     41.70
ZHEJIANG CHANGXING HU     7.50      05/16/26        CNY     41.60
ZHEJIANG CHANGXING HU     7.50      12/26/25        CNY     40.00
ZHEJIANG HUZHOU NANXU     7.80      08/21/25        CNY     41.88
ZHEJIANG WUYI CITY CO     8.00      12/21/25        CNY     41.85
ZHEJIANG WUYI CITY CO     8.00      12/21/25        CNY     41.77
ZHEJIANG WUYI CITY CO     8.00      08/10/25        CNY     21.09
ZHEJIANG WUYI CITY CO     8.00      08/10/25        CNY     20.00
ZHONGHONG HOLDING CO      8.00      07/04/19        CNY      2.75
ZHONGTIAN FINANCIAL G     8.50      08/16/27        CNY     31.04
ZHONGXIANG CITY CONST     7.50      07/05/26        CNY     42.66
ZHONGXIANG CITY CONST     7.50      07/05/26        CNY     40.00
ZHOUSHAN ISLANDS NEW      7.50      01/30/27        CNY     59.37
ZHOUSHAN ISLANDS NEW      7.50      01/30/27        CNY     55.00
ZHUZHOU HI-TECH AUTO      8.00      08/14/25        CNY     51.34
ZHUZHOU RAILWAY INDUS     7.50      09/25/24        CNY     20.11
ZIGUI COUNTY CHUYUAN      7.80      02/12/28        CNY     66.03
ZIGUI COUNTY CHUYUAN      7.80      02/12/28        CNY     60.00
ZIYANG KAILI INVESTME     8.00      02/14/26        CNY     42.18
ZOUCHENG CITY LONGCHE     7.50      01/16/29        CNY     61.35
ZUNYI BOZHOU URBAN CO     7.85      10/24/24        CNY     20.19
ZUNYI BOZHOU URBAN CO     7.85      10/24/24        CNY     20.17
ZUNYI ROAD & BRIDGE C     8.00      05/08/29        CNY     72.26
ZUNYI TRAFFIC TRAVEL      7.80      03/07/29        CNY     70.00


   HONG KONG
   ---------

CHINA SOUTH CITY HOLD     9.00      04/12/24        USD     29.02
CHINA SOUTH CITY HOLD     9.00      06/26/24        USD     28.09
CHINA SOUTH CITY HOLD     9.00      10/09/24        USD     27.93
CHINA SOUTH CITY HOLD     9.00      12/11/24        USD     27.78
HAINAN AIRLINES HONG     12.00      10/29/21        USD      1.14
HONGKONG IDEAL INVEST    14.75      10/08/22        USD      1.57
YANGO JUSTICE INTERNA     7.88      09/04/24        USD      0.50
YANGO JUSTICE INTERNA     8.25      11/25/23        USD      0.39
YANGO JUSTICE INTERNA     9.25      04/15/23        USD      0.33
YANGO JUSTICE INTERNA     7.50      02/17/25        USD      0.32
YANGO JUSTICE INTERNA    10.00      02/12/23        USD      0.14
YANGO JUSTICE INTERNA    10.25      09/15/22        USD      0.10
YANGO JUSTICE INTERNA     7.50      04/15/24        USD      0.09
YANGO JUSTICE INTERNA    10.25      03/18/22        USD      0.03
ZENSUN ENTERPRISES LT    12.50      04/23/24        USD      5.29
ZENSUN ENTERPRISES LT    12.50      09/13/23        USD      4.69


   INDONESIA
   ---------

WIJAYA KARYA PERSERO      9.25      12/18/25        IDR     73.51
WIJAYA KARYA PERSERO      9.25      12/18/25        IDR     73.42
WIJAYA KARYA PERSERO      9.10      03/03/26        IDR     71.46
WIJAYA KARYA PERSERO      9.10      03/03/26        IDR     71.08
WIJAYA KARYA PERSERO      8.55      09/08/26        IDR     66.17
WIJAYA KARYA PERSERO      8.55      09/08/26        IDR     65.80
WIJAYA KARYA PERSERO     10.90      11/03/29        IDR     65.25
WIJAYA KARYA PERSERO     10.90      11/03/29        IDR     65.25
WIJAYA KARYA PERSERO     10.50      11/03/27        IDR     64.60
WIJAYA KARYA PERSERO     10.50      11/03/27        IDR     64.60
WIJAYA KARYA PERSERO      9.75      03/03/28        IDR     62.46
WIJAYA KARYA PERSERO      9.75      03/03/28        IDR     62.23
WIJAYA KARYA PERSERO      9.85      12/18/27        IDR     62.18
WIJAYA KARYA PERSERO      7.75      02/18/27        IDR     62.06
WIJAYA KARYA PERSERO      9.85      12/18/27        IDR     61.73
WIJAYA KARYA PERSERO      7.75      02/18/27        IDR     61.59
WIJAYA KARYA PERSERO      9.25      09/08/28        IDR     60.41
WIJAYA KARYA PERSERO      9.25      09/08/28        IDR     60.34
WIJAYA KARYA PERSERO      8.30      02/18/29        IDR     57.71
WIJAYA KARYA PERSERO      8.30      02/18/29        IDR     57.63
WIJAYA KARYA PERSERO      8.60      12/18/25        IDR     43.34


   INDIA
   -----

AVANTI FINANCE PVT LT     9.25      08/29/25        INR     71.07
AXIS FINANCE LTD          8.10      11/17/28        INR     74.68
BHARAT SANCHAR NIGAM      7.55      03/20/34        INR     61.53
IIFL SAMASTA FINANCE     10.75      02/24/25        INR     37.68
IKF FINANCE LTD          10.60      03/27/25        INR     37.56
MAHANAGAR TELEPHONE N     7.51      03/06/34        INR     53.12
PIRAMAL CAPITAL & HOU     8.50      04/18/23        INR     34.25


   MALAYSIA
   --------

CAPITAL A BHD             8.00      12/29/28        MYR      0.79


   PHILIPPINES
   -----------

BAYAN TELECOMMUNICATI    15.00      07/15/06        USD     14.88
BAYAN TELECOMMUNICATI    15.00      07/15/06        USD     14.88


   SINGAPORE
   ---------

BAKRIE TELECOM PTE LT    11.50      05/07/15        USD      0.76
BAKRIE TELECOM PTE LT    11.50      05/07/15        USD      0.76
BLD INVESTMENTS PTE L     8.63      03/23/15        USD      6.75
DAVOMAS INTERNATIONAL    11.00      12/08/14        USD      0.36
DAVOMAS INTERNATIONAL    11.00      12/08/14        USD      0.36
DAVOMAS INTERNATIONAL    11.00      05/09/11        USD      0.36
DAVOMAS INTERNATIONAL    11.00      05/09/11        USD      0.36
ENERCOAL RESOURCES PT     9.25      08/05/14        USD     45.75
ITNL OFFSHORE PTE LTD     7.50      01/18/21        CNY     20.29
MICLYN EXPRESS OFFSHO     8.75      11/25/18        USD      0.82
NOMURA INTERNATIONAL      7.65      10/04/37        AUD     67.16
NOMURA INTERNATIONAL     19.50      08/28/28        TRY     66.92
ORO NEGRO DRILLING PT     7.50      01/24/24        USD      0.50
RICKMERS MARITIME         8.45      05/15/17        SGD      5.00
SWIBER HOLDINGS LTD       7.75      09/18/17        CNY      6.13


   SOUTH KOREA
   -----------

SAMPYO CEMENT CO LTD      8.30      09/10/14        KRW     70.00
SAMPYO CEMENT CO LTD      8.30      04/20/14        KRW     70.00
SAMPYO CEMENT CO LTD      8.10      06/26/15        KRW     70.00
SAMPYO CEMENT CO LTD      8.10      04/12/15        KRW     70.00
SAMPYO CEMENT CO LTD      7.50      07/20/14        KRW     70.00


   SRI LANKA
   ---------

SRI LANKA GOVERNMENT     12.40      04/15/30        LKR     74.94
SRI LANKA GOVERNMENT     12.40      05/15/31        LKR     71.37
SRI LANKA GOVERNMENT     12.40      06/15/32        LKR     68.44
SRI LANKA GOVERNMENT      7.50      01/15/33        LKR     64.48
SRI LANKA GOVERNMENT     12.40      02/15/34        LKR     61.89
SRI LANKA GOVERNMENT     12.40      03/15/35        LKR     60.01
SRI LANKA GOVERNMENT     12.40      04/15/36        LKR     58.46
SRI LANKA GOVERNMENT     12.40      05/15/37        LKR     57.22
SRI LANKA GOVERNMENT     12.40      06/15/38        LKR     56.24
SRI LANKA GOVERNMENT      7.85      03/14/29        USD     55.48
SRI LANKA GOVERNMENT      7.85      03/14/29        USD     55.44
SRI LANKA GOVERNMENT      7.55      03/28/30        USD     55.00
SRI LANKA GOVERNMENT      7.55      03/28/30        USD     54.92



                           *********


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
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