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 Manufacturing & Trading Companies

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Last Updated Wednesday, January 30, 2008
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Name of issuer Instrument O/s Amount Rating
top
Abhishek Industries Ltd.
NCD/LTD 200 CARE A+
ACE Glass Containers Ltd.
STD/CP 300 PR1+(SO)
Ace Laboratories Ltd.
FD -- &
Ace Laboratories Ltd.
Pref. Shares -- &
Adhunik Synthetics Ltd.
CP -- $
Aegis Logistics Ltd.
NCD I 440 CARE AA-
Alembic Ltd.
STD/CP -- $
Alok Industries Ltd.
CP -- $
Alok Industries Ltd.
NCD I -- #
Alok Industries Ltd.
NCD II -- $
Alok Industries Ltd.
OFCD -- $
Alok Industries Ltd.
SFCD -- %
Alok Industries Ltd.
STD 2000 PR1
Amtek Auto Ltd.
CP 400 PR1+
Amtek Auto Ltd.
FD -- #
Amtek Auto Ltd.
NCD 368 CARE AA+
Amtek India Ltd.
NCD 650 CARE AA
Amtek India Ltd.
CP 200 PR1+
Arch Pharmalabs Ltd.
NCD 1000 CARE A
Asia Pack Ltd.
NCD -- #
Asian Granito (India) Ltd.
STD/CP 150 PR1
Assam Brook Ltd.
CP -- $
Associated Transrail Structures Ltd.
CP/STD 200 PR1+
Atul Ltd.
Bank Facility Rating 5075.7 CARE A-/PR1
Autolec Industries
CP -- $
Autoliv IFB India Ltd.
CP -- $
top
Bajaj Electricals Ltd.
CP -- $
Balaji Industrial Products Ltd.
CP -- #
Banswara Syntex Ltd.
NCD #
Bayer Crop Science India Ltd.
CP -- #
Bayer Crop Science India Ltd.
FD -- #
Bayer Crop Science India Ltd.
NCD #
Bengal Tea & Fabrics Ltd.
CP -- $
Bharat NRE Coke Ltd.
NCD -- #
Bharat Serums & Vaccines Ltd.
CP/STD -- $
Bhushan Steel & Strips Ltd.
CP/STD 500 PR1+
Bilag Industries Pvt. Ltd.
CP -- #
Binani Cement Ltd.
NCD I 700 CARE A-
Binani Cement Ltd.
NCD II 400 CARE A-
Birla Corporation Ltd.
CP 200 PR1+
Birla Corporation Ltd.
LT Borrowing 250 CARE AA
Birla Corporation Ltd.
FD -- &
Birla Corporation Ltd.
NCD -- $
Blue Blends (India) Ltd
CP -- $
Blue Star Ltd.
CP/STD 1500 PR1 +
Blue Star Ltd.
NCD -- $
top
Caprihans India Ltd.
CP -- $
Carnation Industries Ltd.
FD -- #
CEAT Ltd.
FD -- #
CEAT Ltd.
CP -- $
Central India Polyesters Ltd.
CP -- $
Central India Polyesters Ltd.
NCD -- CARE D
Chandigarh Distillers & Bottlers Ltd.
STD/CP 50 PR1+
Chemicals & Plastics India Ltd.
FRB -- $
Chemox Laboratories Ltd.
CP -- $
Chemox Laboratories Ltd.
FD -- CARE D
Chemox Laboratories Ltd.
NCD 50 CARE D
Chennai Petroleum Corporation Ltd.
CP -- $
Chennai Petroleum Corporation Ltd.
ICD -- $
Chennai Petroleum Corporation Ltd.
NCD I -- $
Chennai Petroleum Corporation Ltd.
NCD II -- $
Choksi Tubes Co.Ltd.
FD -- $
Coastal Papers Ltd.
FD -- $
Colourplus Fashions Ltd.
CP/STD 110 PR1+
top
D. R. Industries Ltd.
CP -- $
D. R. Industries Ltd.
FD -- CARE D
DE Nocil Crop Protection Ltd.
CP -- $
DE Nocil Crop Protection Ltd.
NCD -- $
Derby Textiles Ltd.
CCPS -- CARE D
Derby Textiles Ltd.
NCD 40 CARE D
Derby Textiles Ltd.
STL 10 PR5
Dewan Rubber Industries Ltd.
FD -- CARE D
Dewan Rubber Industries Ltd.
NCD I -- CARE D
Dewan Rubber Industries Ltd.
NCD II -- CARE D
Dewan Rubber Industries Ltd.
NCD III -- CARE D
Dewan Steels Ltd.
NCD -- $
Dewan Tyres Ltd.
NCD -- $
Diana Tea Company Ltd.
CP -- $
top
Elder Pharmaceuticals Ltd.
CP 500 PR1+
Elecon Engineering Co. Ltd.
Bank Facility Rating 9800 CARE AA-/PR1+
Elecon Engineering Co. Ltd.
STD/CP 800 PR1+
Electronic Research Ltd.
CP -- $
Electrosteel Integrated Ltd.
Senior Debt 32710 CARE BBB
Electrosteel Integrated Ltd.
Subordinate Debt 4460 CARE BBB
Elpro International Ltd.
CP -- $
Emami Ltd.
CP/STD 300 PR1+
Emami Ltd.
NCD 200 CARE AA+
Emami Paper Mills Ltd.
CP -- $
Emami Paper Mills Ltd.
Term Borrowing -- $
Emco Ltd.
CP -- $
Emco Ltd.
NCD -- #
Era Infra Engineering Ltd.
NCD I 500 CARE A+
Era Infra Engineering Ltd.
NCD II 1000 CARE A+
Era Infra Engineering Ltd.
NCD III 1000 CARE A+
Escorts Mahle Ltd.
CP -- $
Essar Constructions Ltd.
CP -- #
Euro Cotspin Ltd.
NCD -- $
top
Federal - Mogul Goetze (India) Ltd.
NCD -- #
Federal - Mogul Goetze (India) Ltd.
CP 400 PR1+
Flat Products Equipments (I) Ltd.
CP -- $
top
Gammon India Ltd.
CP 2250 PR1+
Gammon India Ltd.
NCD II -- %
Gammon India Ltd.
NCD III 400 CARE AA+
Gammon India Ltd.
NCD IV 500 CARE AA+
Gammon India Ltd.
NCD V 500 CARE AA+
Gammon India Ltd.
NCD VI 400 CARE AA+
Gammon India Ltd.
NCD (MT) -- $
Gammon India Ltd.
NCD VII 1000 CARE AA+
Gannon Dunkerley Corporation Ltd.
CP/STD I 250 PR1+
Gannon Dunkerley Corporation Ltd.
CP/STD II 250 PR1
Garden Silk Mills Ltd.
CP/Mibor Linked/STD 1250 PR1+
Garden Silk Mills Ltd.
NCD 500 CARE A+
Garware Polyester Ltd.
NCD -- CARE D
Gem Cables & Conductors Ltd.
NCD -- $
Goetze TP (India) Ltd.
CP -- #
Goodricke Group Ltd.
FD -- #
GTN Textiles Ltd.
CP -- $
GTN Textiles Ltd.
FD -- $
GTN Textiles Ltd.
Pref Shares %
Gujarat Alkalies & Chemicals Ltd.
CP -- $
Gujarat Alkalies & Chemicals Ltd.
NCD- I -- #
Gujarat Alkalies & Chemicals Ltd.
NCD -N -- #
Gujarat Alkalies & Chemicals Ltd.
PCD -- #
Gujarat Ambuja Exports Ltd.
STD/CP -- #
top
Hanuman Tea Company Ltd.
NCD -- $
Hanuman Tea Company Ltd.
PCPS &
Havell's India Ltd.
STD/CP 400 PR1+
Hindustan Construction Co. Ltd.
CP/STD I 3000 PR1+
Hindustan Construction Co. Ltd.
CP/STD II 500 PR1+
Hindustan Construction Co. Ltd.
NCD I 500 CARE AA
Hindustan Construction Co. Ltd.
NCD II 296.7 CARE AA
Hindustan Construction Co. Ltd.
NCD III 1000 CARE AA
Hindustan Construction Co. Ltd.
NCD IV 1000 CARE AA
Hindustan Newsprint Ltd.
CP $
Hindustan Organic Chemicals Ltd.
STD -- #
Hoechst Roussel Vet P. Ltd.
CP -- $
Housing Development & Infrastructure Ltd.
STD 2500 PR1
Housing Development & Infrastructure Ltd.
NCD I 7500 CARE A
Housing Development & Infrastructure Ltd.
NCD II 10000
top
IFB Agro Industries Ltd.
CP -- $
IFB Agro Industries Ltd.
MTL -- $
Indian Farmers Fertilizers Co. Ltd.
ICD -- $
Indian Lead Ltd.
NCD -- $
Indian Petrochemicals Corpn. Ltd.
Bonds %
Indian Petrochemicals Corpn. Ltd.
FD -- $
Indian Petrochemicals Corpn. Ltd.
NCD -- %
Indian Potash Ltd.
CP -- $
Indian Potash Ltd.
NCD -- $
Indian Seamless Steels & Alloys Ltd.
NCD -- #
Indian Smelting & Refining Co. Ltd., The
CP/STD 200 PR1+
Indo Count Industries Ltd.
NCD 300 CARE BBB+
International Aluminium Products Ltd.
NCD -- $
Ispat Industries Ltd.
OFCD -- &
ITD Cementation India Ltd.
STD/CP -- $
ITI Ltd.
STD (2005) -- #
ITI Ltd.
ST Bonds (2006) -- PR5(SO)
ITI Ltd.
Bonds (Series L) 940 CARE D (SO)
ITI Ltd.
Bonds (Series M) 1180 CARE D (SO)
IVRCL Infrastructure & Projects Ltd.
CP -- $
top
J.K. Cement Ltd.
CP/STD 500 PR1+
J.K. Paper Ltd.
CP -- $
J.K. Tyre & Industries Ltd.
CP/STD 200 PR1
Jaiprakash Associates Ltd.
NCD I -- %
Jaiprakash Associates Ltd.
CP/STD 1000 PR1+
Jaiprakash Associates Ltd.
NCD II 2800 CARE AA(SO)
Jaiprakash Associates Ltd.
NCD III 500 CARE A+
Jaiprakash Associates Ltd.
NCD IV 3000 CARE A+
JBF Industries Ltd.
CP -- $
JBF Industries Ltd.
NCD -- #
Jindal Polyster Ltd.
CP -- $
Jindal Saw Ltd.
NCD I 1500 CARE AA-
Jindal Saw Ltd.
NCD II 1000 CARE AA-
Jindal Saw Ltd.
STD/CP 1000 PR1+
Jindal Saw Ltd.
RPS 1000 CARE AA-(RPS)
Jindal Stainless Ltd.
Secured NCD 4300 CARE AA
Jindal Steel & Power Ltd.
NCD 233.3 CARE AA
JMC Projects (India) Ltd.
NCD 400 CARE A+
JMC Projects (India) Ltd.
STD/CP 200 PR1+
JMC Projects (India) Ltd.
Bank Loan Facilities 4977.5 CARE A+/PR1+
JSW Steel Ltd.
NCD I 720 CARE AA
JSW Steel Ltd.
NCD II 5000 CARE AA
JSW Steel Ltd.
Bank Loan Facility 118550 CARE AA/PR1+
top
Kalyani Forge Ltd.
CP -- $
Kanoria Chemicals & Industries Ltd.
CP 100 PR1+
KEI Industries Ltd.
STD/CP 600 PR1+
Kirloskar AAF Ltd.
NCD -- &
Kirloskar Electric Co. Ltd.
CP -- $
Kirloskar Electric Co. Ltd.
FD 40 CARE C
Kirloskar Electric Co. Ltd.
NCD 150 CARE D
Kirloskar Pneumatic Co. Ltd.
NCD -- #
Kohinoor Foods Ltd.
CP/STD 600 PR1
Krishna Filaments Ltd.
OFCD -- &
top
Lanco Industries Ltd.
NCD 600 CARE A(SO)
Lloyd Electric & Enginnering Ltd.
CP/STD 650 PR1+
Lloyds Metals & Engineers Ltd.
NCD -- $
Lloyds Metals & Engineers Ltd.
NCD I 220 CARE D
Lloyds Metals & Engineers Ltd.
NCD II 100 CARE D
Lloyds Steel Industries Ltd.
CP -- $
top
Magnum Intermediates Ltd.
NCD 31.3 CARE D
Mahindra Sona Ltd.
NCD -- $
Mahindra Ugine Steel Co. Ltd.
NCD -- %
Majestic Auto Ltd.
CP -- $
Man Industries Ltd.
CP -- $
Mangalam Drugs & Organics Ltd.
NCD -- %
McNally Bharat Engineering Co. Ltd.
CP 100 PR1
McNally Bharat Engineering Co. Ltd.
Bank Facility Rating 6870 CARE A/PR1
Micro Inks Ltd.
STD 500 PR1+
Micro Inks Ltd.
NCD IV $
Micro Inks Ltd.
NCD I -- #
Micro Inks Ltd.
NCD II -- #
Micro Inks Ltd.
NCD III -- #
Modern Denim Ltd.
FD -- CARE D
Modern Denim Ltd.
NCD -- #
Modern Syntex (India) Ltd.
CP -- $
Modern Syntex (India) Ltd.
FD -- CARE D
Modern Syntex (India) Ltd.
NCD 200 CARE D
Modern Terry Towels Ltd.
FD -- CARE D
Modern Terry Towels Ltd.
NCD -- #
Modern Threads (India) Ltd.
CP -- $
Monsanto Chemicals Of India Ltd.
CP -- $
Monsanto Enterprises Ltd.
CP -- $
MRF Ltd.
CP -- $
MRF Ltd.
NCD -- %
MSTC Ltd.
STD 3500 PR1+
Mukand Ltd.
STD 750 PR1
Mysore Sugar Co. Ltd.,The
NCD 148.4 CARE D (SO)
top
Nagarjuna Agrichem Ltd.
CP $
Nagarjuna Fertilizers & Chemicals Ltd.
CP -- $
Nagarjuna Fertilizers & Chemicals Ltd.
FD 1200 CARE D
Nagarjuna Fertilizers & Chemicals Ltd.
NCD I 320 PR5
Nagarjuna Fertilizers & Chemicals Ltd.
NCD II 750 CARE D
Nagarjuna Fertilizers & Chemicals Ltd.
CP -- $
Nagarjuna Fertilizers & Chemicals Ltd.
FD 160 CARE D
Nagarjuna Fertilizers & Chemicals Ltd.
NCD I 320 PR5
Nagarjuna Fertilizers & Chemicals Ltd.
NCD II 750 CARE D
Narmada Chematur Petrochemicals Ltd.
Infrastructure Bonds -- %
National Engineering Industries Ltd.
STD/CP 200 PR1+
National Textile Corporation Ltd.
Tax Free Bonds -- %
National Textile Corporation Ltd.
Bonds VI 5000 CARE AAA(SO)
National Textile Corporation Ltd.
Bonds VII 3300 CARE AAA(SO)
National Textile Corporation Ltd.
Bonds VIII 821 CARE AAA(SO)
National Textile Corporation Ltd.
Bonds IX 1179 CARE AAA(SO)
Nava Bharat Ferro Alloys Ltd.
FD -- &
Nava Bharat Ferro Alloys Ltd.
NCD -- $
Neelanchal Ispat Nigam Ltd.
Bonds I 1000 CARE AA-(SO)
Neelanchal Ispat Nigam Ltd.
Bonds II 336 CARE AA-(SO)
Neelanchal Ispat Nigam Ltd.
Bonds III 160 CARE AA-(SO)
Nilkamal Plastics Ltd
CP -- #
Nilkamal Plastics Ltd
NCD -- $
NRC Ltd.
NCD -- $
NSL Ltd.
CP -- $
top
OCL (India) Ltd
NCD 300 CARE AA-
Omaxe Ltd.
STD I 1000 PR1
Omaxe Ltd.
STD II 1000 PR1
Orissa Sponge Iron Ltd.
CP 150 PR1
Oudh Sugar Mills Ltd., The
STD 500 PR1+
top
Parasrampuria Polyamides Ltd.
PCD -- #
Parsvnath Developers Ltd.
STD 2000 PR1
Parsvnath Developers Ltd.
LT Debt 2000 CARE A
Patspin India Ltd.
CP -- $
Patspin India Ltd.
Pref Shares %
Pentafour Products Ltd.
FD 150 CARE D
Pentafour Products Ltd.
NCD -- CARE D
Philips India Ltd.
NCD -- #
Pittie Cement & Industries Ltd
FD -- #
Polyplex Corporation Ltd.
CP/STD -- $
Polyplex Corporation Ltd.
NCD I -- #
Polyplex Corporation Ltd.
NCD II -- #
Precot Mills Ltd.
CP -- $
Precot Mills Ltd.
FD -- $
Precot Mills Ltd.
NCD -- $
Priyadarshini Spinning Mills Ltd.
CP -- $
Priyadarshini Spinning Mills Ltd.
FD -- &
Pudumjee Pulp & Paper Mills Ltd.
NCD -- #
Punj Lloyd Ltd.
STD 1000 PR1+
Punjab Alkalies & Chemicals Ltd.
NCD -- &
top
QRG Enterprises Ltd.
NCD 200 CARE A @
top
R. S. Rekhchand Mohota Spg. & Wvg Mills Ltd.
CP -- $
Rahul Merchandising Ltd.
FD -- #
Rahul Merchandising Ltd.
NCD -- #
Raipur Alloys & Steel Ltd.
NCD 500 CARE A+ @
Raipur Alloys & Steel Ltd.
STD 250 PR1
Rajasthan Polymers & Resins Ltd.
NCD -- $
Rajinder Steels Ltd.
NCD 950 CARE D
Rama Cylinders Pvt. Ltd.
Bank Facilities 1492.5 CARE BBB+/PR2
Rama Pulp & Papers Ltd.
NCD -- $
Rampur Fertilizers Ltd.
NCD -- #
Raymond Apparel Ltd.
CP/STD 300 PR1+
Raymond Synthetics Ltd.
NCD -- $
REI Agro Ltd
STD/CP/Mibor Linked Bonds 3000 PR1
REPL Engineering Ltd.
CP -- $
REPL Engineering Ltd.
NCD 400 CARE D
Rishab Special Yarns Ltd.
NCD -- $
Rollatainers Ltd.
FD -- CARE D
Rollatainers Ltd.
NCD I 35 CARE D
Rollatainers Ltd.
NCD II 45 CARE D
RPG Life Sciences Ltd.
NCD CARE D
Ruby Macons Ltd.
CP #
top
Sadbhav Engineering Ltd.
Bank Facility Rating 9441.6 CARE AA-/PR1+
Sadbhav Engineering Ltd.
STD/CP 500 PR1+
Sanmar Speciality Chemicals Ltd.
NCD -- $
Seshasayee Paper & Boards Ltd.
CP -- $
Shah Alloys Ltd.
NCD -- CARE D
Shiva Cement Ltd.
FD -- &
Shiva Papers Mills Ltd.
FD -- &
Shree Cement Ltd.
STD I 1000 PR1+
Shree Cement Ltd.
STD II 1000 PR1+
Shree Cement Ltd.
NCD I 140 CARE AA
Shree Cement Ltd.
NCD II 1000 CARE AA
Shree Rama Multi Tech Ltd.
NCD I 250 CARE D
Shree Rama Multi Tech Ltd.
NCD II 300 CARE D
Shree Rama Multi Tech Ltd.
NCD III 300 CARE D
Shri Lakshmi Cotsyn Ltd.
NCD 500 CARE A-
Shruti Synthetics Ltd.
CP -- $
SI Group (formerly, Schenectady Herdillia Ltd)
CP -- #
Simplex Infrastructure Ltd.
CP 1500 PR1+
Simplex Infrastructure Ltd.
STD 250 PR1+
Simplex Infrastructure Ltd.
PS 250 CARE A+(PS)
Sintex Industries Ltd.
CP 1000 PR1+
Sintex Industries Ltd.
NCD 105 CARE AA
SIV Industries Ltd.
NCD 50 CARE D
SJK Steel Corporation Ltd.
NCD -- $
Soma Textiles & Industries Ltd.
FCD -- #
Soul Space Projects Ltd.
STD 500 PR1(SO)
South Asian Petrochem Ltd.
FCD #
South Asian Petrochem Ltd.
STD/CP 250 PR1+
Southern Iron & Steel Co. Ltd.
NCD 700 CARE AA-(SO)
Southern Petrochemical Ind. Corp. Ltd.
CP -- $
Southern Petrochemical Ind. Corp. Ltd.
FD 750 CARE B
Southern Petrochemical Ind. Corp. Ltd.
NCD I 1000 CARE D
Southern Petrochemical Ind. Corp. Ltd.
NCD II 500 CARE D
Southern Petrochemical Ind. Corp. Ltd.
NCD III 500 CARE D
Spanco Telesystems & Solutions Ltd.
STD 250 PR1+
Spentex Industries Ltd.
NCD 500 CARE A-
Sree Rayalaseema Alkalies & Allied Chemicals Ltd.
NCD -- $
Steel Authority of India Ltd.
Bonds 640 CARE AAA(SO)
Stewarts & Lloyds of India Ltd.
STD 200 PR1
STS Chemicals Ltd.
CP -- $
STS Chemicals Ltd.
FD -- &
Sunflag Iron & Steel Co. Ltd.
CP 100 PR1
Super Spinning Mills Ltd.
FD -- &
Super Spinning Mills Ltd.
NCD -- $
Surya Roshni Ltd.
CP 200 PR1
Surya Roshni Ltd.
NCD -- #
Suryalakshmi Cotton Mills Ltd.
CP -- $
Symphony Comfort Systems Ltd.
CP -- $
top
Tamilnadu Petroproducts Ltd.
CP -- $
Tamilnadu Petroproducts Ltd.
FD -- #
Tamilnadu Petroproducts Ltd.
NCD -- %
Tamilnadu Petroproducts Ltd.
STD -- $
Tantia Construction Co. Ltd.
CP 100 PR1
Tantia Construction Co. Ltd.
LT Borrowing Programme 100 CARE A
Taparia Tools Ltd.
CP -- $
Tata Honeywell Ltd.
CP -- #
Tata Honeywell Ltd.
NCD -- $
The Andhra Pradesh Paper Mills Ltd.
CP -- $
The India Cements Ltd.
NCD I 1350 CARE D
The India Cements Ltd.
NCD II 3815 CARE D
The India Cements Ltd.
NCD III 1800 CARE D
The Indian Hume Pipe Co. Ltd.
CP 400 PR1+
The Indian Hume Pipe Co. Ltd.
STD 200 PR1+
The Western India Cottons Ltd.
FD -- &
Thirumalai Chemicals Ltd.
CP 250 PR1
TIL Ltd.
STD 500 PR1+
TIL Ltd.
FD -- #
TIL Ltd.
NCD -- $
Tractor Engineers Ltd.
CP/STD 50 PR1+
Trent Ltd.
NCD (Part of PCD) 656 CARE AA
Trimbak Industries Ltd.
NCD -- $
TVS Motor Co. Ltd.
CP -- $
TVS Motor Co. Ltd.
NCD -- %
top
U.P. Asbestos Ltd.
NCD #
Ucal Fuel Systems Ltd.
FD -- #
UIC Udyog Ltd.
CP 130 PR1
UIC Udyog Ltd.
Bank Facilities 575 CARE A-/PR1
Unitech Ltd.
STD 1000 PR1+
United Phosphorus Ltd.
CP 3500 PR1+
United Phosphorus Ltd.
NCD I 600 CARE AA
United Phosphorus Ltd.
NCD II 200 CARE AA
Universal Cables Ltd.
CP -- $
Upper Ganges Sugar & Industries Ltd.
STD -- #
Usha Ispat Ltd.
NCD -- &
Usha Martin Ltd.
CP/STD/Mibor Linked Debenture 2500 PR1+
Usha Martin Ltd.
NCD I -- $
Usha Martin Ltd.
NCD II -- $
USV Ltd.
CP -- $
USV Ltd.
NCD -- $
top
Valecha Engineering Ltd.
STD/CP/Mibor Linked Debt 70 PR1
Varahi Pvt. Ltd.
CP 80 PR2+
Videocon Industries Ltd.
NCD 1350 CARE AA+(SO)
Vijai Electricals Ltd.
CP -- $
Vindhya Telelinks Ltd.
CP $
Vindhya Telelinks Ltd.
FD -- $
Vindhya Telelinks Ltd.
PCD -- %
VVF Ltd.
CP/STD -- $
top
Welspun Gujarat Stahl Rohren Ltd.
CP 800 PR1+ @
Welspun India Ltd.
OFCD -- $
Welspun India Ltd.
CP/STD 500 PR1
West Coast Paper Mills Ltd.
CP -- $
top
Zandu Pharmaceuticals Works Ltd.
CP/STD 144.5 PR1+

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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