CARE assigns ‘AAA’ rating to LT Debt of Reliance Capital Ltd.    CARE assigns ‘AA’ rating to Upper Tier II Bond issue of Allahabad Bank.    CARE assigns ‘BBB+’ & ‘PR2+’ rating to Bank Loan Facilities of Visa Steel Ltd.     CARE assigns ‘A+’ rating to Bank Loan Facilities of Philips Carbon Black Ltd.     CARE assigns ‘A-’ Rating to the proposed Tier II Bonds and reaffirms the rating outstanding issues of Bank of Rajasthan Ltd.     CARE assigns ‘BBB’ & ‘PR2’ rating to Bank Loan Facilities of Sanwaria Agro Oils Ltd.     CARE assigns ‘BBB’ & ‘PR3’ rating to Bank Loan Facilities of VNR Infrastructures Ltd.     CARE assigns ‘A+’ rating to Secured REdeemabale Bonds/ NCD issue of Orient Paper & Industries Ltd.    CARE assigns ‘A-’ rating to Bank Loan Facilities of Ahmedabad Ring Road Infrastructure Ltd.     CARE assigns ‘A-’ & ‘PR2+’ rating to Bank Loan Facilities of Sanghavi Jewel Pvt. Ltd.    
   
 
Ratings for IPO Grading 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       Z      
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
top
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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