CARE ratings for Indian debt instruments-Mar 14 | Reuters

Mar 14 Below are the ratings awarded by CreditAnalysis and Research Ltd. (CARE) for local debt
instruments asof March 11, 2011. COMPANY INSTRUMENT RATING AMOUNT MOVEMENT
(RS.MLN) ------ ---------- ------ ----- --------- SHORT TERM RATINGS:------------------- Bean Coffee Trading Co
Ltd. STD/CP PR1+ 500 Reaffirmed Classic Marble Co Pvt Ltd. ST Bank Facilities PR3 300 Assigned
Dcm Shriram Industries Ltd. ST Bank Facilities PR3 871.8 Reaffirmed Future Value Retail Ltd ST
Bank Facilities PR1 4748.8 Assigned Future Value Retail Ltd Proposed ST Bank Fac PR1 1251.2
Assigned Future Value Retail Ltd CP * PR1+ 2000 Reaffirmed Jindal Power Ltd STD/CP Programme
PR1+ 10000 Reaffirmed Lava International Ltd ST Bank Facilities PR2 1730 Assigned Mahima
Fibres Pvt. Ltd. ST Bank Facilities PR3 210 Assigned Manali Petrochemical Ltd. ST bank facilities
PR1 120.2 Revised from PR2+ Mittal Corp Ltd ST Bank Facilities * PR3 585 Revised (*Enhanced
from Rs.48 cr) PantaloonRetail (India) Ltd. ST Bank Facilities PR1 3541.2 Reaffirmed Pantaloon
Retail (India) Ltd. Proposed ST Bank Facilities PR1 958.8 Reaffirmed Pantaloon Retail (India) Ltd.
CP PR1+ 900 Reaffirmed Premier Ltd. ST Bank Facilities PR3+ 1050 Reaffirmed Sambandam
Spinning Mills Ltd. ST bank facilities PR4 185 Suspended Sripathi Paper And Boards Pvt.Ltd. ST
bank facilities PR3 140 Suspended LONG TERM RATINGS:------------------- Bean Coffee Trading Co Ltd.
LTFacilities A+ 4796.1 Reaffirmed Classic Marble Co Pvt Ltd. LT Bank Facilities BBB- 2990.3
Assigned Dcm Shriram Industries Ltd. LT Bank Facilities BBB 3694.2 Reaffirmed Escorts Heart &
Super SpecialtyInstitute Ltd LT bank facilities BBB 220 Withdrawn Future Value Retail Ltd LT Bank
Facilities A 17574.8 Assigned Future Value Retail Ltd Proposed LT Bank Facilities A 3200 Assigned
Future Value Retail Ltd Proposed LT/ST A/PR1 2225.2 Assigned Bank Facilities A/PR1 2225.2
Assigned Kankariya Textile Industries PvtLtd. LT Bank Facilities BB+ 109.7 Revised from BB
Kankariya Textile LT/ST Bank BB+/ Industries Pvt Ltd. Facilities PR4+ 40 Revised from BB/PR4+
Mahima Fibres Pvt. Ltd. LT Bank Facilities BBB- 929.7 Assigned Manali Petrochemical Ltd. LT Bank
Facilities A- 193.6 Revised from BBB+ Mittal Corp Ltd LT Bank Facilities * BBB- 716.3 Revised
(*Enhanced from Rs.62.16 cr) NaviMumbai Sez Pvt. Ltd. LT Bank Facilities A 42710 Reaffirmed Navi
Mumbai Escorts Pantaloon Retail (India) Ltd. LT Bank Facilities A 13856.4 Reaffirmed Pantaloon
Retail (India) Ltd. Proposed LT Bank Facilities A 3002.9 Reaffirmed Pantaloon Retail (India) Ltd. LT
NCD A 2500 Reaffirmed Pantaloon Retail (India) Ltd. Proposed LT/ST A/ 5640.7 Reaffirmed Bank
Facilities PR1 5640.7 Reaffirmed Premier Ltd. LT Bank Facilities BBB+ 2600 Reaffirmed
Sambandam Spinning Mills Ltd. LT bank facilities BB 1476.9 Suspended Shakti Investcap Pvt Ltd LT
Bank Facilities BBB 250 Reaffirmed Shiv-Vani Oil And Gas ExplorationServices Ltd. LT Facilities
BBB+ 16464.1 Reaffirmed Shiv-Vani Oil And Gas Optionally ConvertibleBBB+ 2500 Reaffirmed
Exploration Services Ltd. Debentures BBB+ 2500 Reaffirmed Shiv-Vani Oil And Gas LT/ST Facilities
BBB+/ Exploration Services Ltd. PR2 5030 Reaffirmed Sripathi Paper And Boards Pvt.Ltd. LT bank
facilities BBB- 419.5 Suspended The Federal Bank Ltd Tier II bonds AA 140 Withdrawn Vishwaroop
Infotech Pvt Ltd LT Facilities BB+ 4000 Assigned---------------------------------------------------------------- ---------------------------$: Rating watch with positiveimplication #: Rating Watch with Developing
implications @:Rating Watch with Negative Implications %: Rating under CreditWatch 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 standingwithin the category. BG-Bank
Guarantee; CCPS-CumulativeConvertible Preference Share; CD-Certificate of Deposit;CLOCollateralized Loan Obligation; CPA-Claims Paying Ability;CP-Commercial Paper; CPS-convertible
preference shares; CRPS-Cumulative Redeemable Navi Mumbai Female Escorts Convertible
Preference shares; DDB-DeepDiscount Bond; EPBI-Exchange premium bond; FBL-Fund BasedLimits;
FRB/FRN -Floating Rate Bond/Note; ICD -Inter CorporateDeposit; ITD-Immediate Term Debt; LOCLetter of Credit; LT-Long Term; LTB -Long Term Borrowing; LTD -Long Term Debt;MOCD-multiple
option convertible debenture; MTD -Medium termDebenture; MTN-medium term notes; NCD(SO) -

Non-ConvertibleDebenture-(Structured Obligation); NCD-Non-convertibleDebentures; NCRB-Non

Convertible Redeemable Bonds; NM-NotMeaningful; OCD-optionally convertible debenture; ODOverDraft; OFCD-Optionally Fully Convertible Debenture;PCD-Partially Convertible Debenture;
PCN-partly convertiblenotes; PCPS-Partly Convertible Preference Share; POCD-partlyoptional; PPprivately placed; PSPC-Post Shipment & PackingCredit; PS-Preference Shares; PTC-Pass Through
Certificates;RPS-Redeemable Preference Shares; SCPN-secured convertiblepreference notes; SDOStructured Debt Obligation; SLR-StatutoryLiquidity Ratio; SO-Structured Obligation; SPCD SecuredPartly Convertible Debentures; SPN-secured premium notes;STB-Short Term Bond; STDShort Term Debentures; ST-Short Term;Sub. Bonds-Subordinate Bonds; TB-Taxable Bond; TFB-Tax
FreeBond; TL-Term Loan; TOCD-triple option convertible debentures.(Mumbai Rate Reporting Unit
+ 91 22 6636 9222, E-mail atrru.data@reuters.com)