CARE assigns ‘CARE AA+’ and ‘PR1+’ rating to the Bank Facilities of Gujarat State Petroleum Corporation Ltd.    CARE assigns ‘CARE IPO Grade 3’ grading to the proposed IPO of Electrosteel Integrated Ltd.     CARE assigns ‘CARE AAA’ and ‘PR1+’ ratings to the market borrowing programme of Indian Railway Finance Corporation for FY2011.     CARE assigns ‘CARE BBB’ and ‘PR3’ ratings to the Bank Facilities of Evinix Industries Ltd.     CARE assigns ‘CARE BBB (SO)’ rating to the Bank Facilities of Gupta Energy Pvt. Ltd.     CARE assigns ‘CARE BBB-’ and ‘PR3’ ratings to the bank facilities of Alfa Ica (India) Ltd.     CARE assigns ‘CARE A-’ & ‘PR2+’ rating to the Bank Facilities of Bhushan Power & Steel Ltd.    CARE assigns ‘CARE BBB-’ rating to the Bank Facilities of Vatika Hotels Pvt. Ltd.     CARE assigns ‘CARE BBB-’ and ‘PR3’ ratings to the Bank Facilities of Geetanjali Woollens Pvt. Ltd.     CARE assigns ‘CARE BB+’ rating to the Bank Facilities of Sheel Diamond Exports Ltd.    
   
 
Ratings for IPO Grading Sector:

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Last Updated Wednesday, January 30, 2008

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Name of issuer Instrument O/s Amount Rating
top
Aishwarya Telecom Ltd.
IPO Grading -- CARE IPO Grade 2
AMD Metplast Ltd.
IPO Grading -- CARE IPO Grade 3
top
Bang Overseas Ltd.
IPO Grading -- CARE IPO Grade 2
Bhagwati Banquets & Hotels Ltd.
IPO Grading -- CARE IPO Grade 2
Brahamputra Consortium Ltd.
IPO Grading -- CARE IPO Grade 1
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Cambridge Technology Enterprise Ltd.
IPO Grading -- CARE IPO Grade 2
Celestial Labs Ltd.
IPO Grading -- CARE IPO Grade 1
Central Bank of India
IPO Grading -- CARE IPO Grade 4
Cords Cable Industries Ltd.
IPO Grading -- CARE IPO Grade 3
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Elysium Pharmaceuticals Ltd.
IPO Grading -- CARE IPO Grade 1
Empee Distilleries Ltd.
IPO Grading -- CARE IPO Grade 3
Evinix Accessories Ltd.
IPO Grading -- CARE IPO Grade 2
top
Globus Spirits Ltd.
IPO Grading -- CARE IPO Grade 3
top
JAS Toll Road Company Ltd.
IPO Grading -- CARE IPO Grade 3
Jyothy Laboratories Ltd.
IPO Grading -- CARE IPO Grade 4
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Kamyani Patients Care (India) Ltd.
IPO Grading -- CARE IPO Grade 1
top
Niraj Cement Structurals Ltd.
IPO Grading -- CARE IPO Grade 1
top
Orbit Corporation Ltd.
IPO Grading -- CARE IPO Grade 1
top
Porwal Auto Components Ltd.
IPO Grading -- CARE IPO Grade 3
top
Ramsarup Lohh Udyog Limited
IPO Grading -- CARE IPO Grade 2
top
Somi Conveyor Beltings Ltd.
IPO Grading -- CARE IPO Grade 2
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Transformers & Rectifiers (India) Ltd.
IPO Grading -- CARE IPO Grade 4
Tulsi Extrusions Ltd.
IPO Grading -- CARE IPO Grade 3

Last Updated Wednesday, January 30, 2008

Amount in Million Rs.

# - Rating Withdrawn, @ - Credit Watch, $ - Rating not in use, % - Instrument redeemed,

& - Rating suspended due to non-submission of information by the Company

* - In Principle rating subject to compliance to stipulated conditions
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