CARE ratings for Indian debt instruments-Nov 14

Nov 14 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of November 12, 2012.

COMPANY INSTRUMENT RATING AMOUNT MOVEMENT
(RS.MLN)
------- ---------- ------ ------- ---------
SHORT TERM RATINGS:
-------------------
Ang Industries Ltd. ST Bk Fac CARE D 572.6 Revised from
CARE A4
Alfa Ica (India) Ltd ST Bk Fac CARE A3 23 Reaffirmed
Cherma'S Exquisite Ltd ST Bk Fac CARE A4 65 Reaffirmed
Forace Polymers Pvt. Ltd ST Bk Fac CARE A4 75 Reaffirmed
Kirti Stampings Pvt Ltd. ST Bk Fac CARE A4 60 Reaffirmed

Kuvarba Cotton Industries ST Bk Fac CARE A4 50 Assigned
M/S. Nalli Chinnasami Chetty ST Bk Fac CARE A2 60 Assigned
Manaj Infraconstruction Ltd. ST Bk Fac CARE A2+ (SO) 350 Reaffirmed
(Non-fund Based)@
@ Backed by joint and several, unconditional and irrevocable corporate guarantee issued by Man
Infraconstruction Ltd (MIL, rated CARE A-/A2+).
Marvel Dyers & Processors Pvt Ltd. ST Bk Fac CARE A4 3 Reaffirmed
Nalwa Steel And Power Ltd ST Bk Fac CARE A1 55.7 Reaffirmed
Narola Gems ST Bk Fac CARE A4+ 8 Assigned
Rolex Processors Pvt Ltd. ST Bk Fac CARE A4 10.5 Assigned
Sanathan Textiles Pvt Ltd ST Bk Fac CARE A3 200 Revised from
CARE A2
Shriram Epc Ltd ST Bk Fac CARE A3 20470 Assigned
Simplex Infrastructures Ltd. STD/ CP@ CARE A1+ 9500 Reaffirmed
@ carved out of working capital limits
Simplex Infrastructures Ltd. STD/ CP CARE A1+ 3500 Reaffirmed
Sks Microfinance Ltd Series A1 PTCs CARE A1+ (SO) Assigned
South Asia Lpg Company Pvt Ltd ST Bk Fac CARE A1+ 40 Reaffirmed
Umiya Cot Fibres ST Bk Fac CARE A4 50 Assigned

LONG TERM RATINGS:
-------------------
Advinia Healthcare (India) Pvt. Ltd.LT Bk Fac CARE BBB- 1470 Reaffirmed
Alfa Ica (India) Ltd Bk Fac CARE BBB- 100 Reaffirmed
Ang Industries Ltd. LT Bk Fac CARE D 706.9 Revised from
CARE B
Asset Motors Pvt. Ltd. Bk Fac CARE -- Suspended
Bharatkumar Indrasen Trading Pvt. Bk Fac CARE -- Suspended
Ltd.
Cherma'S Exquisite Ltd LT Bk Fac CARE BB 260.7 Revised from
CARE BB-
Reduced from Rs 32.43 Cr
Claridge Energy Llp LT Bk Fac# CARE BBB- (SO) 80 Assigned
# backed by the unconditional & irrevocable corporate guarantee extended by Oricon Enterprises
Ltd.
Forace Polymers Pvt. Ltd LT Bk Fac CARE BB- 102.8 Revised from
CARE B+
Reduced from Rs 11.06 Cr
Forace Polymers Pvt. Ltd Bk Fac CARE BB- /A4 625 Revised from
CARE B+ /A4
Enhanced from Rs 50.50 Cr
Hdfc Asset Management Co. Ltd HDFC Liquid Fund CARE AAAmfs Assigned
Hdfc Asset Management Co. Ltd HDFC Cash CARE AAAmfs Assigned
Management Fund-
Savings Plan
Hdfc Asset Management Co. Ltd HDFC Cash CARE AAAmfs Assigned
Management Fund -
Treasury Advantage Plan
Hdfc Asset Management Co. Ltd HDFC Floating Rate CARE AAAmfs Assigned
Income Fund - ST
Plan
Ifci Ltd LT Bonds CARE A+ 12000 Assigned
Kirti Stampings Pvt Ltd. LT Bk Fac CARE BB 60 Reaffirmed
Kuvarba Cotton Industries LT Bk Fac CARE BB 130 Assigned
M/S. Nalli Chinnasami Chetty LT Bk Fac CARE BBB+ 117.1 Assigned
M/S. Nalli Nkr Trust LT Bk Fac CARE BBB+ 107.6 Assigned
M/S. Nalli Trust LT Bk Fac CARE BBB+ 625.2 Assigned
Man Infraconstruction Ltd LT Bk Fac (Fund CARE A- 1000 Reaffirmed
Based)
Man Infraconstruction Ltd Bk Fac (Non-fund CARE A- /A2+ 2500* Reaffirmed
Based)
*includes Short-term Non-fund Based Facilities of Rs.23 crore as sub-limit.
Maruti Fertochem Ltd Bk Fac CARE BB+ /A4 310 Revised from
CARE
BB+/CARE A4+
Reduced from Rs 67 Cr
Marvel Dyers & Processors Pvt Ltd. LT Bk Fac CARE B+ 181.7 Reaffirmed
Enhanced from Rs 17.41 Cr
Nalwa Steel And Power Ltd LT Bk Fac CARE A+ 187.5 Reaffirmed
Narola Gems Bk Fac CARE BB+ /A4+ 110 Reaffirmed
Nirmal Lifestyle Ltd Proposed NCD CARE BB 1050 Assigned
Prem Jain Ispat Udyog Pvt. Ltd. LT Bk Facility CARE BB- 211.8 Assigned
Rolex Processors Pvt Ltd. LT Bk Fac CARE C 154.6 Assigned
Sanathan Textiles Pvt Ltd LT Bk Fac CARE BBB- 2041.3 Revised from
CARE BBB+
Shrinath Shikshan Prasarak Mandal LT Bk Fac (FB) CARE D 146 Revised from
CARE BB-
Shriram Epc Ltd LT Bk Fac CARE BBB- 7936.1 Assigned
Shriram Epc Ltd Bk Fac CARE BBB- /A3 750 Assigned
Simplex Infrastructures Ltd. LT Bk Fac CARE AA 18000 Reaffirmed
Simplex Infrastructures Ltd. NCD CARE AA 750 Reaffirmed
Simplex Infrastructures Ltd. Proposed LT CARE AA 1250 Reaffirmed
borrowing
(including NCDs)
Simplex Infrastructures Ltd. Bk Fac CARE AA /A1+ 85000 Reaffirmed
South Asia Lpg Company Pvt Ltd LT Bk Fac CARE AA+ 1236.8 Reaffirmed
Srei Infrastructure Finance Ltd Mezzanine Capital CARE -- 131.7 Withdrawn
Suraj Tubes India Pvt Ltd LT Bk Fac CARE B+ 115.5 Assigned
Umiya Cot Fibres LT Bk Fac CARE BB 130 Assigned
Umiya Flexifoam Pvt Ltd LT Bk Fac CARE BB 9.6 Reaffirmed
Umiya Flexifoam Pvt Ltd Bk Fac CARE BB /A4+ 125 Reaffirmed
Videocon Industries Ltd Bk Fac CARE -- Suspended
--------------------------------------------------------------------------------------------
$: Rating watch with positive implication
#: Rating Watch with Developing implications
@: Rating Watch with Negative Implications
%: Rating under Credit Watch
wd -Rating Stands Withdrawn
sp -Rating Suspended
pp -Principal Protected
pn -Principal Not Protected

CARE may apply + or - signs for ratings to reflect a comparative standing within the category.

BG-Bank Guarantee; CC-Cash Credit; CCPS-Cumulative Convertible Preference Share; CD-Certificate
of Deposit; CLO-Collateralized Loan Obligation; CPA-Claims Paying Ability; CP-Commercial
Paper; CPS-convertible preference shares; CRPS- Cumulative Redeemable Convertible Preference
shares; DDB-Deep Discount Bond; EPBI-Exchange premium bond; FBL-Fund Based Limits; FRB/FRN
-Floating Rate Bond/Note; ICD -Inter Corporate Deposit; ITD-Immediate Term Debt; LOC-Letter of
Credit; LT -Long Term; LTB -Long Term Borrowing; LTD -Long Term Debt; MOCD-multiple option
convertible debenture; MTD -Medium term Debenture; MTN-medium term notes; NCD(SO) -
Non-Convertible Debenture-(Structured Obligation); NCD-Non-convertible Debentures; NCRB-Non
Convertible Redeemable Bonds; NM-Not Meaningful; OCD-optionally convertible debenture; OD-Over
Draft; OFCD-Optionally Fully Convertible Debenture; PCD-Partially Convertible Debenture;
PCN-partly convertible notes; PCPS-Partly Convertible Preference Share; POCD-partly optional;
PP-privately placed; PSPC-Post Shipment & Packing Credit; PS-Preference Shares; PTC-Pass
Through Certificates; RPS-Redeemable Preference Shares; SCPN-secured convertible preference
notes; SDO-Structured Debt Obligation; SLR-Statutory Liquidity Ratio; SO-Structured
Obligation; SPCD - Secured Partly Convertible Debentures; SPN-secured premium notes; STB-Short
Term Bond; STD-Short Term Debentures; ST-Short Term; Sub. Bonds-Subordinate Bonds; TB-Taxable
Bond; TFB-Tax Free Bond; TL-Term Loan; TOCD-triple option convertible debentures.

(Mumbai Rate Reporting Unit + 91 22 6180 7222/3317 7222, E-mail at rru.data@thomsonreuters.com)