Corporate announcements

First Leasing Company Of India Limited has informed the Exchange that the details of ratings assigned by Credit Analysis Research Ltd. relating to the Companies Debt Instrument as detailed below, pursuant to the Company's request to the Rating Agency for withdrawal of Credit rating assigned earlier in respect to the Rating Agency for withdrawal of Credit rating assigned earlier in respect of Short Term Non Convertible Debentures of Rs. 100 Crores. Description : Commercial Paper limits for Rs. 100 Crores (stand alone limit enhanced from Rs. 100 Crores to Rs. 200 Crores); Ratings : " CARE A1 + "

Bank Of India has informed the Exchange vide its letter dated March 09, 2012 that The Moody's Investors Service has revised Rating on the Company's various schemes.

Mirc Electronics Limited has informed the Exchange that Credit Rating and Information Services of India Limited (CRISIL) has downgraded its ratings on Mirc Electronics Limited (Mirc's) bank facilities and commercial paper programme to 'CRISIL A-/Negative/CRISIL A2+' from 'CRISIL A/Stable/ CRISIL A1'.

Transformers And Rectifiers (India) Limited has informed the Exchange that CARE Ratings has assigned Ratings to the STD/CP Issue (Short Term Debt/Commercial Paper) and Long Term Short Term Banking Facilities of the Company.

Future Capital Holdings Limited has informed the Exchange, vide its letter dated February 28, 2012, regarding "Intimation of Credit Rating assigned to the Company".

Kwality Dairy (India) Limited has informed the Exchange that the Fitch rating has assigned the Company's working capital facilities a Fitch BBB+ (Long term) and A2 (Short term) rating.

Tv18 Broadcast Limited has informed the Exchange that ICRA Limited-the Credit Rating agency, has affirmed the Credit Rating for the Fixed Deposit Programme of the Company as "MA-" (pronounced M A minus). However in view of the recent announcement for Rights Issue and acquisition of certain ETV channels, the rating has been kept under "Rating Watch with Developing Implications".

Network18 Media & Investments Limited has informed the Exchange that ICRA Limited-the Credit Rating agency, has affirmed the Credit Rating for the Fixed Deposit Programme of the Company as "MA-" (pronounced M A minus). However in view of the Company's recent announcement for Rights Issue, the rating has been kept under "Rating Watch with Developing Implications".

Kothari Petrochemicals Limited has informed the Exchange regarding the Credit Rating Certificate received from ICRA Limited for debt borrowing programme of Line of Credit of Kothari Petrochemicals Limited as per the details: (1) Debt Programme: Rated on Long Term Scale, Rating: [ICRA] BBB+ (Stable); (2) Debt Programme: Rated on Short Term Scale, Rating: [ICRA] A2.

Zensar Technologies Limited has informed the Exchange that reaffirmation of Credit rating assigned to the Company by ICRA Limited for short and long term debt instruments: 1)"A1+" credit rating for Short term debt Instrument, implying highest credit quality and lowest credit risk in short term with relatively stronger credit quality. 2) "LAA" Credit Rating for long term debt instruments implying high credit quality and low credit risk.

Dwarikesh Sugar Industries Limited has informed the Exchange that credit rating agency ICRA has down graded the long term rating of the company from BBB (triple B) to BB+ (Double BB Plus) together with its outlook on the Company's long term rating from STABLE to NEGATIVE.

Great Offshore Limited has informed the Exchange vide its letter dated February 13, 2012 that the CRISIL Rating for bank facilities have been revised.

Alok Industries Limited has informed the Exchange that Credit Analysis & Research Limited (CARE) have vide their letter dated January 30, 2012 has assigned a "CARE A+" [Single A Plus] rating to the Company's proposed long term non-convertible debentures (NCDs) issue aggregating to Rs.500 crores. The proposed NCDs would have a tenure of more than one year and up to eight years.

Easun Reyrolle Limited has informed the Exchange that recently ICRA (Credit Rating Agency) assigned the rating for debt being raised by the Company through banks.

Kei Industries Limited has informed the Exchange that Credit Analysis & Research Ltd. (CARE) has reaffirmed the 'CARE CGR 3' (three) rating assigned to the Corporate Governance practices adopted by the Company.

Kei Industries Limited has informed the Exchange that Credit Analysis & Research Ltd. (CARE) has revised the rating from 'CARE BBB+' (triple B plus) to 'CARE BBB' (triple B) assigned to the Long Term Facilities availed by the Company. This rating is applicable to facilities having tenure of more than one year. Facilities with this rating are considered to offer moderate safety for timely servicing of financial obligations. Such facilities carry moderate credit risk. Further, CARE has revised the rating from 'CARE A2+' (A Two plus) to 'CARE A2' (A Two) assigned to the Short Term facilities avai

Gujarat Alkalies And Chemicals Limited has informed the Exchange that Credit Analysis & Research Ltd. (CARE) reaffirmed rating of :(i) "Care AA" [Double A] for Long Term Facilities of Rs.310.77 Crore for tenure of more than one year.(ii) "Care A1+" [A One Plus] for Short Term Facilities of Rs.45.00 Crore for tenure up to one year; and (iii) "Care A1+" [A one Plus] for Commercial Paper/ short term Debt Issue for an amount aggregating to Rs.100 Crores for a maturity not exceeding one year.

Housing Development And Infrastructure Limited has informed the Exchange vide its letter dated January 28, 2012 that the Company has received the revised Credit Rating from CARE for its various securities.

Educomp Solutions Limited has informed the Exchange that Credit Analysis & Research Limited (CARE Ratings) has: Reaffirmed 'CARE A+' (Single A Plus) to our long term facilities i.e. facilities having tenure of more than one year, aggregating to Rs. 382.70 Crore. Facilities with this rating are considered to have adequate degree of safety for timely servicing of financial obligation. Such facilities carry low credit risk. Further CARE has Revised rating for our short term facilities from 'CARE A1' (A One) rating to 'CARE A1+' (A One Plus) i.e. facilities having tenure of less than one year, agg

Srei Infrastructure Finance Limited has informed the Exchange that Credit Analysis & Research Limited (CARE) has revised the rating assigned to Unsecured Subordinated Tier II Debt Issue aggregating to Rs. 550.00 Crore and Mezzanine Capital of Rs. 52.66 Crore of the Company, from 'CARE AA-' [Double A minus] to 'CARE AA' [Double A].Further the Company has informed that, the instruments with 'CARE AA' rating are considered to have high degree of safety regarding timely servicing of financial obligations and carry very low credit risk.

Bharati Shipyard Limited has informed the Exchange that the Rating Committee (CARE) has revised the rating of Bharati Shipyard Limited from BBB+ (Triple B plus) to BB- (Double B Minus) as per their report.

Jsw Energy Limited has informed the Exchange that Credit Analysis & Research Limited (Care Rating) had reaffirmed the rating assigned to the bank facilities/Instruments of the Company.

Edelweiss Financial Services Limited has informed the Exchange that CRISIL has assigned a 'CRISIL AA-/Stable' (pronounced 'CRISIL double A minus rating with stable outlook') rating for Rs.50 million Non-Convertible Debenture issue of the Company.

Sadbhav Engineering Limited has informed the Exchange that the rating agency Credit Analysis & Research Ltd. (CARE) has revised the rating of 'CARE A+' (Single A Plus) to 'CARE AA-' (Double A Minus] assigned to the non-convertible debenture (NCD) issue of the Company for an outstanding amount of Rs. 30.00 crores. Instruments with this rating are considered to have the high degree of safety regarding timely servicing of financial obligations. Such instruments carry very low credit risk.

Sadbhav Engineering Limited has informed the Exchange that the rating agency Credit Analysis & Research Ltd (CARE) has revised its rating to long term bank facilities of Rs. 302.20 crores and short term / long-term bank facilities of Rs. 1550.00 crores of Company as under : (1) From 'CARE A+' (Single A Plus) to 'CARE AA-' [Double A Minus] relating to the Long term facilities of the Company. Instruments with this rating are considered to have very strong degree of safety regarding timely servicing of financial obligations. Such instruments carry low credit risk. (2) Further the said rating agen

Graphite India Limited has informed the Exchange that ICRA Limited has reaffirmed the rating of the Company's - (1) NCD Programme of Rs. 100 crore at (ICRA) AA+ (pronounced as ICRA double A plus). Instruments with this rating are considered to have high degree of safety regarding timely servicing of financial obligations. Such instrument carry very low credit risk. The outlook on the rating is stable; (2) Commercial Paper/ Short Term Debt Programme of Rs. 30 crore at (ICRA) A1+ (pronounced as ICRA A one plus). Instruments with this rating are considered to have very strong degree of safety reg

Parrys Sugar Industries Limited has informed the Exchange that ICRA has reaffirmed the Long term ratings at [ICRA] BBB+ (Pronounced as ICRA triple B Plus) and Short term ratings at [ICRA] A2 (Pronounced as ICRA A two). The aforesaid ratings are valid till January 02, 2013.

Reliance Power Limited has informed the Exchange that the Company has been assigned a rating "(ICRA A+) (Pronounced as ICRA A plus )" by ICRA Limited for the purpose of issue of commercial paper. This rating indicates that the instrument has very strong degree of safety regarding timely payment of financial obligations. The instrument also carries the lowest credit risk.

Jk Tyre & Industries Limited has informed the Exchange that the Credit Analysis & Research Ltd. (CARE) has revised the ratings of the Company in respect of Long-term bank facilities and short-term bank facilities.

Balrampur Chini Mills Limited has informed the Exchange vide its letter dated December 30, 2011 that ICRA Ltd, after due consideration, has revised the rating of the instruments of the Company.

Tijaria Polypipes Limited has informed the Exchange regarding the Assignment of Rating by ICRA Ltd.

Dlf Limited has informed the Exchange vide its letter dated December 29, 2011 regarding Assignment of Rating by CRISIL

Great Offshore Limited has informed the Exchange that the CRISIL Rating for bank facilities have been revised.

Godfrey Phillips India Limited has informed the Exchange regarding a rating letter dated December 05, 2011 issued by the CRISIL whereby a short term rating of 'CRISIL A1+' and long term rating of 'CRISIL AA+/Stable' have been assigned in respect of working capital facilities. Further the Company has informed the Exchange regarding a rating letter dated December 20, 2011, whereby rating of 'CRISIL A1+' has been assigned for Rs.350 million short term debt programme of the Company.

Greaves Cotton Limited has informed the Exchange that M/s. Fitch Ratings have upgraded the long term rating of the Company from FITCH AA (- IND) to FITCH AA (IND). The Rating FITCH AA (IND) reflects High Credit Quality and indicates a low expectation of credit risk.

Trent Limited has informed the Exchange that Credit Analysis & Research Limited (CARE) has reaffirmed the credit ratings for the Company�s Non-Convertible Debentures (NCDs), Long-Term Bank Facilities and Short Term Bank Facilities.

Future Capital Holdings Limited has informed the Exchange that Credit Analysis & Research Ltd. ("CARE") vide its letter dated December 05, 2011 has revised the rating of Non- Convertible Debentures (NCDs) of the Company from 'CARE A+' [Single A Plus] to 'CARE AA-' [Double A Minus] for a limit of Rs. 600 Crore. Further, the rating assigned in respect of the long-term bank facilities of the Company for an amount of Rs. 2,250 Crore (Rupees Two Thousand Two Hundred and Fifty Crore Only) (enhanced from Rs. 850 Crore) for a maturity period of more than one year have been revised by CARE from 'CARE A

J.Kumar Infraprojects Limited has informed the Exchange regarding the ratings of Fitch on the enhanced loans of the Company. Fitch Has assigned a Fitch A-(ind) rating to J Kumar's additional INR 1,150 Fund based working facilities, and Fitch A1(ind) rating to its INR 2,000m Non-fund based working capital limits. The present limits are as follows : (a) "Fitch A-(ind) on INR225m long term loan, (b) "Fitch A-(ind) rating on INR 2,500 m fund-based working facilities (enhanced from INR 1,350m) and, (c) "Fitch A1(ind) rating on INR 5,000 m non-fund based working capital limits (enhanced from INR 3,0

Xpro India Limited has informed the Exchange that as a routine course of business, Fitch Ratings have upgraded National Long-term rating to 'Fitch BBB(ind)' from 'Fitch BBB-(ind) {(BBB minus (ind)} to the Company with a "Stable" Outlook.

Innoventive Industries Limited has informed the Exchange that the CARE has assigned following credit ratings: (1) CARE A1' to the proposed CP issue carved out of the working capital limits of the Company.(2) 'CARE A1+ (SO)' to the proposed CP issue backed by SBLC from a Bank.

Dabur India Limited has informed the Exchange regarding the ratings reaffirmed by CRISIL for credit facilities of the Company.

Innoventive Industries Limited has informed the Exchange vide its letter dated November 23, 2011 regarding Credit Rating - ICRA.

Ifgl Refractories Limited has informed the Exchange that Credit Analysis & Research Ltd (CARE) has recently reffirmed CARE A+(Single A Plus) and CARE A1+(A One plus) rating assigned to Company's long / medium and short term facilities aggregating to Rs 82 Crores. While CARE A+ rating is applicable to facilities having tenure of more than one year, CARE A1+ rating is applicable to facilities having a tenure of upto one year. Facilities with CARE A+ rating are considered to have adequate degree of safety regarding timely servicing of financial obligations. Such facilities carry low credit risk.

Godrej Industries Limited has informed the Exchange that ICRA Limited (ICRA) has reaffirmed the following : (1) Rating for Commercial Paper Programme; (2) Rating for Long Term Loan, Fund based limits and Non-fund based limits; (3) Rating for Short Term Loans and Non-Fund Based Limits.

Godrej Consumer Products Limited has informed the Exchange, vide its letter dated November 11, 2011 regarding Ratings assigned by ICRA for the Company's Non Convertible Debenture Programme.

Cords Cable Industries Limited has informed the Exchange vide its letter dated November 09, 2011 regarding Reaffirmation of Care Rating.

Ece Industries Limited has informed the Exchange that ICRA has assigned (ICRA) A- (Pronounced ICRA A Minus) rating to the Company's fund based Working Capital limit of Rs.60.00 Crores which is rated on long term scale. ICRA aslo has assigned (ICRA) A2+ (Pronounced ICRA A Two Plus) rating to the Company's Non-fund based limit of Rs.120.00 Crores which is rated on short term scale.

Alok Industries Limited has informed the Exchange that Credit Analysis & Research Limited have vide their letter dated November 04, 2011 reaffirmed the 'CARE A1+' [A One Plus] rating for the Company's short term Commercial Paper / NCDs / Term Debt issue for an amount aggregating to Rs.1000 crore for a maturity not exceeding one year.

Alok Industries Limited has informed the Exchange that Credit Analysis & Research Limited have vide their letter dated November 04, 2011 reaffirmed the 'CARE A1' [A One] rating for the Company's short term Commercial Paper / term debt issue for an amount aggregating to Rs.250 crore for a maturity not exceeding one year.

Future Capital Holdings Limited has informed the Exchange that Credit Analysis & Research Ltd. ("CARE") vide its letter dated October 21, 2011, has assigned the "CARE A1+" [A One Plus] rating in respect of the short - term borrowing programme of the Company for an amount of Rs.900 Crore (Rupees Nine Hundred Crore Only) enhanced from Rs.700 Crore, for a maturity period not exceeding one year. It is highlighted that facilities with this credit rating are considered to carry very strong degree of safety for timely payment of financial obligations and carry lowest credit risk.