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 Grading of Maritime Institutes Sector:

A       B       C       D       E       F       G       H       I       J       K       L       M      
N       O       P       Q       R       S       T       U       V       W       X       Y      

Last Updated Wednesday, January 30, 2008

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Name of issuer Instrument O/s Amount Rating
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Chidambaram Institute of Maritime Technology
Maritime Grading -- CARE Grade 2 (1 yr course)
Chidambaram Institute of Maritime Technology
Maritime Grading -- CARE Grade 3 (2 yr course)
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Marine Engineering Training Institute
Maritime Grading -- CARE Grade 1
Maritime Education Training & Research Institute
Maritime Grading -- CARE Grade 4
Mohamed Sathak Engineering College
Maritime Grading -- CARE Grade 3
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Padmabhushan Vasantdada Patil Pratishthan's College of Engineering
Maritime Grading -- CARE Grade 2
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SB Vignesh Marine Training Centre
Maritime Grading -- CARE Grade 3
Shipping Corporation of India
Maritime Grading -- CARE Grade 1
Southern Academy of Maritime Studies Pvt. Ltd.
Maritime Grading -- CARE Grade 3
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T.S. Rahaman
Maritime Grading (1 to 12) -- CARE Grade 1
T.S. Rahaman
Maritime Grading (13 to 14) -- CARE Grade 2
Technical Training Centre (Garden Reach Shipbuilders & Engineers Ltd.)
Maritime Grading -- CARE Grade 2

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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