ICRA ratings for Indian debt instruments-Sep 2

Sep 2 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of August 30 & September 1, 2011.

COMPANY INSTRUMENT RATING AMOUNT MOVEMENT

(RS.MLN)
------ ---------- ------ ----- ---------
SHORT TERM RATINGS:
-------------------
Ajax Fiori Engineering (India) Pvt Non FB Fac A2+ 40 Reaffirmed
Ltd
Arohan Financial Services Pvt Ltd Ptc A1 A2(SO) 71.8 Assigned
Audco India Ltd Non-Fund Based, BGs A1+ 100 Reaffirmed
(Earlier Rs. 60 cr)
B Fouress Pvt Ltd NFBL A1 1380 Reaffirmed
Dn Wind Systems Pvt Ltd ST NFBL (LOC/BG) A4 40 Reassigned
Emerald Jewel Industry India Ltd Fund based Bk limits A2+ 50 Upgraded

From A2
Emerald Jewel Industry India Ltd Non fund based Bk A2+ 700 Upgraded

limits From A2
Foods & Inns Ltd Fund Based Working A4 897.3 Assigned

Capital Limits
Foods & Inns Ltd Non fund Based LC A4 218.8 Assigned

Limits
Jp Sortex Pvt Ltd Packing Credit Limit A4 140 Assigned

(Sublimit)
Malar Paper Mills Pvt Ltd BG A4 5 Assigned
Namakkal Transport Carriers Pvt Ltd Non-FB Fac A3 3 Reaffirmed
Radhe Renewable Energy Development ST Non- FBL A4 10 Assigned
Pvt Ltd
Shilpi Cable Technologies Ltd Non-FBL A4+ 1760.3 Assigned
Shiva Texfabs Ltd ST, non fund based A5 300 Suspended

LOC and BG Fac
Sigma-2 Pioneer Ifmr Capital 2011 Senior Assignee A1 Withdrawn

Payouts (SO)!
Sigma-2 Pioneer Ifmr Capital 2011 Junior Assignee A2+ Withdrawn

Payouts (SO)!
Somany Ceramics Ltd Non-FBL A2 550 Reaffirmed
(enhanced from Rs 44 crore)
Sri Saravana Tex Exports India Pvt Non-Fund Based Bk Fac A4 50 Reaffirmed
Ltd
Sudershan Biotech Ltd Non-FBL A4 20 Assigned
Taj Frozen Foods India Ltd ST FBL A4+ 57.5 Revised

From A3
Tata Motors Ltd ST Debt (Incl. CP) A1+ 45000 Reaffirmed
Tata Motors Ltd Non-FB Fac* A1+ 48000 Reaffirmed
(* The Non-Fund Based Limits of Tata Motors Limited is interchangeable between long-term and
short-term exposures such that total Non-Fund Based Facilities should not exceed Rs. 6,000
Crore)
Television Eighteen India Ltd CP A1+ (SO) 2000 Withdrawn
Windlas Biotech Ltd ST FBL A3+ 50 Assigned
Windlas Biotech Ltd NFBL A3+ 20 Assigned
Yogindera Worsted Ltd ST fund based A5 15.4 Suspended
Yogindera Worsted Ltd ST non fund based LOC A5 92.5 Suspended

and BG Fac
LONG TERM RATINGS:
-------------------
Ajax Fiori Engineering (India) Pvt FB Fac A- 130 Upgraded
Ltd from LBBB+
Audco India Ltd FB, CC Facility AA 300 Reaffirmed
(Earlier Rs. 60 cr)
B Fouress Pvt Ltd FBL A 40 Reaffirmed
Dn Wind Systems Pvt Ltd LT FBL (TL) C 160.3 Reassigned
Dn Wind Systems Pvt Ltd LT FBL (CC) C 30 Reassigned
Emerald Jewel Industry India Ltd TL BBB+ 108 Upgraded

From LBBB+
Emerald Jewel Industry India Ltd CC BBB+ 2000* Upgraded

From LBBB+
Foods & Inns Ltd Fund Based CC Limits B+ 235 Assigned
Foods & Inns Ltd Fund Based TL B+ 7.4 Assigned
Gujarat Power Corporation Ltd LT Non fund based-BG A 94.5 Assigned
Hma Agro Industries Ltd TL D 159 revised

from LC
Hma Agro Industries Ltd Working Capital Limits D 47 revised

from LC
Hma Agro Industries Ltd Bg D 2 Reassigned

from A5
Hma Food Export Pvt Ltd TL D 25 Revised

from LB
Hma Food Export Pvt Ltd Unallocated D 50 Revised

from LB
Iqu Power Company Pvt Ltd TL D 185 Revised

from LC
Jg Agro Industries FBL B 90 Assigned
Jindal Chawal Nigam FBL B+ 100 Assigned
Jp Sortex Pvt Ltd FBL B 280 Assigned
Kartika Ispat Pvt Ltd LT FBL (TL) D 25 Assigned
Kartika Ispat Pvt Ltd LT FBL (CC) D 60 Assigned
Kartika Ispat Pvt Ltd ST NFBL (BG) D 5 Assigned
Kunj Behari Lal Charitable Trust Bk Fac BB- / 173.5 Assigned

A4
Laila Nutraceuticals TL Fac B 30 Revised

from LB+
Laila Nutraceuticals St - FB Fac B 350 Revised

from A4
Machino Polymers Ltd CC Fac A- 300 Upgraded

From LBBB+
Machino Polymers Ltd TL Fac A- 255 Upgraded

From LBBB+
Machino Polymers Ltd BG Fac A- 15 Upgraded

From LBBB+
Machino Polymers Ltd LOC Fac A-/A2 910 Upgraded

From

LBBB+/A2+
Malar Paper Mills Pvt Ltd