Corporate announcements

Cholamandalam Investment And Finance Company Limited has informed the Exchange that the Company has received letters dated November 01, 2011 from ICRA Limited, upgrading / reaffirming its existing ratings for the various instruments issued by the Company.

Mirza International Limited has informed the Exchange vide its letter dated November 02, 2011 that CRISIL has upgraded the Company's long term debt rating from B to A-. CRISIL also assigned A2+ rating for Bill Discounting Letter of Credit and Packing Credit.

Thirumalai Chemicals Limited has informed the Exchange that the Company's rating Agency 'CARE' has revised the rating assigned to the long term bank facilities and reaffirms the rating assigned to the short term bank facilities of the Company. (i) For Long term facilities, the rating has been revised to CARE BBB- (Triple B Minus). (ii) For Short term Bank Facilities, CARE reaffirms the rating as CARE A3 (A Three).

Excel Crop Care Limited has informed the Exchange that CRISIL Ltd has re-affirmed the existing 'A' rating for cash credit facility of Rs. 1500 million. It has, however, revised the outlook for the cash credit facility from 'Stable' to 'Negative' and the revised rating reads 'A/Outlook Negative'. CRISIL has re-affirmed 'A1' rating for the Company's letter of credit facility of Rs. 500 million.

Mercator Lines Limited has informed the Exchange that Credit Analysis & Research Ltd. (CARE) has assigned "CARE A+" (Single A plus)" rating to Long-term facilities and "CARE A1+ (A one Plus)" rating to the short term facilities of the Company.

First Leasing Company Of India Limited has submitted to the Exchange a copy of the ratings assigned by Credit Analysis Research Ltd. vide their letter dated September 30, 2011 to the Company's Debt Instruments, Fixed Deposits Programme and Long term Bank facilities.

Vaibhav Gems Limited has informed the Exchange regarding CARE Ratings for Long-Term and Short-Term bank Facilities.

Phillips Carbon Black Limited has informed the Exchange that Credit Analysis and Research Ltd., (CARE Ratings) has assigned the following credit ratings to the Company : (1) 'CARE A+' [Single A Plus] rating to the long term facilities of the Company; (2) 'CARE A1+' [A One Plus] rating to the short term facilities of the Company; (3) 'CARE A1+' [A One Plus] rating to the short term debt of the Company.

Dewan Housing Finance Corporation Limited has informed the Exchange that the CRISIL Limited, a Credit Rating Agency has reaffirmed the "CRISIL A1+" (pronounced as "CRISIL A one plus") rating for the Company's short-term debt programme including commercial paper. The instrument with this rating are considered to have very strong degree of safety regarding timely payment of the financial obligations.

Omax Autos Limited has informed the Exchange that the Rating Committee of ICRA, after due consideration of the latest developments, has re-affirmed Credit Rating :- (1) For short term bank facilities "[ICRA]A2+" (pronounced ICRA A two Plus); and (2) For Long term bank facilities "[ICRA]BBB+" (pronounced as ICRA triple B plus).

Ramkrishna Forgings Limited has informed the Exchange that ICRA has revised upwards the long term rating of the fund based facilities of the Company from BBB+ to A- with a Stable Outlook. The Short rating of the Company for the Short term debt/ Commercial Paper and the Non fund facilities of the bank has also been revised upwards from A2+ to A1. The Company has also obtained Ratings from CRISIL which has assigned a rating of A- for the fund based facilities of the Company with a stable outlook.

First Leasing Company Of India Limited has informed the Exchange regarding the details of revision in rating symbols assigned by Credit Analysis Research Ltd with reference to the Company's Short Term Debt Instruments.

Pitti Laminations Limited has informed the Exchange that Credit Analysis and Research Limited, Hyderabad has awarded the ratings in respect of the Company's Banking facilities.

Dabur India Limited has informed the Exchange vide its letter dated July 28, 2011 regarding 'Information on Crisil Rating'.

Jagran Prakashan Limited has informed the Exchange that CRISIL has upgraded its rating on the long-term bank facilities of Jagran Prakashan Ltd (JPL) to 'CRISIL AA+/Stable' from 'CRISIL AA/Positive', while reaffirming the rating on the commercial paper programme at 'CRISIL A1+'.

Ramky Infrastructure Limited has informed the Exchange that CRISIL has upgraded its long-term rating on the bank facilities of the Company to 'CRISIL A+/Stable' from 'CRISIL A/Stable', while reaffirming the rating on the short-term facility at 'CRISIL AI'.

Kotak Mahindra Bank Limited has informed the Exchange regarding the details of the ratings assigned by CRISIL to the Tier II Bonds of the Bank.

Bajaj Hindusthan Limited has informed the Exchange vide its letter dated July 22, 2011 that "Credit Analysis & Research Limited (CARE) vide its press release dated July 18, 2011 has assigned "PR1+" Rating to the proposed Commercial Paper (CP) issue of the Company".

Transformers And Rectifiers (India) Limited has informed the Exchange that CARE Ratings has assigned 'CARE A1+' Rating to the STD/CP Issue (Short Term Debt / Commercial Paper) of the Company of Rs. 50 Crores.

Sks Microfinance Limited has informed the Exchange that CARE has assigned a provisional rating of CARE A1+ (SO) [CARE Single A One Plus (Structured Obligation)] rating to the series A1 PTCs issued by Indian Microfinance Loans Receivables Trust 2011 backed by microfinance loan receivables originated by the Company. Instruments with 'CARE A1 (SO)' rating are considered to have very strong degree of safety regarding timely payment of financial obligation.

Ipca Laboratories Limited has informed the Exchange vide its letter dated July 01, 2011, regarding "CRISIL rating for bank facilities of Ipca Laboratories Ltd".

Insecticides (India) Limited has informed the Exchange that the CRISIL Limited has assigned Bank Loan Ratings to the company's bank facilities for Fund Based (Cash Credit/ Term Loan/ Overdraft and Working Capital Facility)- A/Stable and Non-fund Based (Letter of Credit) - P1.

Automotive Stampings And Assemblies Limited has informed the Exchange that CRISIL has reaffirmed the Rating of "A/Stable" for the Long Term borrowings and "P1" for Short Term borrowings of the Company.

Ifci Limited has informed the Exchange vide its letter dated June 10, 2011 that IFCI's ratings have been upgraded.

Reliance Communications Limited has informed the Exchange that ICRA Limited has revised the Long Term rating of Reliance Communications Limited at LAA level continuing it to be under watch with negative implications and reaffirmed its rating of A1+ for Short-Term Fund Based / Non Fund Based Limits.

Gujarat Pipavav Port Limited has informed the Exchange that the Company's credit rating for its fund and non fund based borrowings has been revised by CRISIL to A+ with Stable Outlook.

Future Capital Holdings Limited has informed the Exchange that Credit Analysis & Research Ltd. ("CARE") vide its letter dated March 28, 2011, has assigned the "CARE A+" ("Single A Plus") Rating ("Rating") in respect of the long- term bank loan facilities of the Company aggregating to Rs. 850 Crores (Rupees Eight Hundred and Fifty Crores Only) having tenure of more than one year. Facilities with this rating are considered to offer adequate safety for timely servicing of debt obligations and carry low credit risk.

Hitech Plast Limited has informed the Exchange that CRISIL complied Independent Equity Research (IER) report on the Company dated May 12, 2011. CRISIL has assigned fundamental grade '3/5' to the Company. The grade indicates that the Company's fundamentals are "good" relative to other listed equity securities in India. CRISIL Equity has assigned a valuation grade of '5/5' indicating that market price has 'strong upside' from the current levels.

Sundaram Brake Linings Limited has informed the Exchange that ICRA Limited vide its letter dated April 18, 2011, has reaffirmed the LA-(pronounced LA minus) rating outstanding on the outstanding term loan facilities of Rs.3.78 crore and the Rs.30 crores fund based facilities of the Company and has stated that the outlook on the long-term is stable. ICRA has also re-affirmed the A1 (pronounced A one) rating outstanding on the Rs.1.62 crore term loan facility, at the request of the Company, since the instrument has been repaid in full.

Ipca Laboratories Limited has informed the Exchange vide its letter dated April 26, 2011, regarding "CRISIL rating for bank facilities and short term debt programme of Ipca Laboratories Ltd."

Shopper'S Stop Limited has informed the Exchange that Credit Analysis & Research Ltd (CARE Ratings) has assigned 'PR1+' rating for commercial paper / short term debt programme of Rs.100 Crores. Further, Fitch Ratings India Private Limited has assigned 'F1+(ind)' rating for the short term debt programme of Rs. 50 crores and Commercial paper programme of Rs. 50 crores.

Iol Chemicals And Pharmaceuticals Limited has informed the Exchange that the Company has appointed Credit Analysis & Research Ltd (CARE) for rating the short term & long term facilities.

Great Offshore Limited has informed the Exchange that the Crisil Rating for bank facilities have been revised as under : (1) Facility : Long Term Loan (including proposed facility of Rs.2.98 Billion) ; Rated Amount (Rs. in Billion) : 11.00; Prior Rating : A/Stable; Revised Rating : A/Negative; (2) Facility : Short Term Loan ; Rated Amount (Rs. in Billion) : 1.50; Prior Rating : P1;Revised rating: P1; (3) Letter of Credit / Bank Guarantee (including proposed facility of Rs.0.65 Billion);Rated Amount (Rs. in Billion) : 2.50; Prior Rating : P1;Revised rating: P1.

Bharat Electronics Limited has informed the Exchange that ICRA has reaffirmed LAAA (pronounced as L triple A) rating to the Rs 200 Crores fund based bank limits, and assigned A1+ (pronounced as A one plus) rating to the Rs 1600 Crores non-fund based bank limits of the Company. The ratings indicate the highest credit quality in the long- and short-term. The existing rating of A1+ for the short-term debt programme has also been reaffirmed for Rs 5 Crores.

Titan Industries Limited has informed the Exchange that CRISIL has upgraded the long term rating of the Company from 'AA Stable' to 'AA+ Stable' (pronounced "double A plus with stable outlook") and has also reaffirmed the short term rating of P1+.

Eros International Media Limited has informed the Exchange vide its letter dated March 29, 2011, that "Eros International Media Ltd (Eros International), India's largest integrated film studio, has received Credit Analysis & Research (CARE) ratings".

Excel Industries Limited has informed the Exchange that CRISIL vide its letter dated March 24, 2011, have informed the Company that the existing credit facilities enjoyed by the Company from Banks have been upgraded by them.

Nhpc Limited has informed the Exchange that M/s Crisil has reaffirmed AA+/Stable (pronounced "Double A plus rating with Stable outlook") rating for O-Series Bonds issued by NHPC Limited.

D.B.Corp Limited has informed the Exchange that Credit Rating of the Long Term Loans (including Working Capital Limits) of the company has been upgraded from 'CARE AA ( Double A )' to 'CARE AA+(Double A plus)'.

Marico Limited has informed the Exchange that CRISIL Limited (CRISIL) has on March 15, 2011, revised the Bank Loan ratings assigned to the Company.

Sks Microfinance Limited has informed the Exchange that CARE vide its rating release dated March 14, 2011 revised the rating assigned to the company's Short term Debt Programme from PR1+ (Credit Watch) to PR1 (Credit Watch). The revised rating indicates that instruments with this rating would have strong capacity for timely payment of short-term debt obligations and carry lowest credit risk.

Aqua Logistics Limited has informed the Exchange that Credit Analysis & Research Ltd., has revised the rating assigned to long-term facilities of the Company from 'CARE BB' [Double B] to 'CARE BBB-' [Triple B Minus].

Reliance Communications Limited has informed the Exchange that ICRA Limited has retained the Long Term rating of Reliance Communications Limited at LAA+ level and placed under watch with negative implications and reaffirmed its rating of A1+ for Short-Term Fund Based/ Non Fund Based Limits.

Praj Industries Limited has informed the Exchange that CRISIL has reaffirmed its rating on Praj Industries Limited's long-term bank facilities at 'AA/Stable'. The rating on PIL's short-term facility has been reaffirmed at 'P1+'.

Amara Raja Batteries Limited has informed the Exchange that CRISIL has reaffirmed its rating for the bank facilities.

Cholamandalam Investment And Finance Company Limited has informed the Exchange that the Company has received letters dated February 09, 2011 from ICRA Limited, re-affirming its existing ratings for the instruments issued by the Company as follows: (1) Medium / Long term debt instruments revised from LAA- Stable to LAA-Positive; (2) Perpetual Debt instruments revised from LA+ Stable to LA+ Positive; (3) Short term debt instruments and working capital facility limits reaffirmed at A1+.

Punjab & Sind Bank has informed the Exchange that "M/s Credit Analysis & Research Ltd (CARE) has reviewed and upgraded the rating assigned to our outstanding Lower Tier-II Bonds from 'CAREAA (Double) A)' to 'CAREAA+' (Double A Plus). Instruments with this rating are considered to offer high safety for timely servicing of debt obligations Such instruments carry very low credit risk".

Indiabulls Real Estate Limited has informed the Exchange that CARE has assigned "PR1+" (pronounced 'PR One Plus') rating for the proposed borrowings of the Company for maturity not exceeding one year.

Punjab & Sind Bank has informed the Exchange that M/s ICRA Limited has reviewed and upgraded the rating assigned to outstanding Lower Tier-II Bonds from 'LAA' (pronounced L double A) to 'LAA+' (pronounced L double A plus), the high-credit-quality rating assigned by ICRA.The rated instrument carries low credit risk. The outlook on the rating is stable.

Grabal Alok Impex Limited has informed the Exchange that Credit Analysis & Research Limited [CARE] have vide their letter dated February 07, 2011 reaffirmed the 'CARE A-'[Single A Minus] rating for the Company's long term facilities for a maturity of more than one year. Further CARE has reaffirmed the 'PR1' (PR One) rating for the Company's short term facilities for maturity upto one year.