ICRA

in_01

in_01111

ICRA Limited: Audited Financial Results for the Quarter and the Year ended March 31, 2013 Improved Outlook for Sugar Industry Following Partial Decontrol Update on Indian Securitisation Market; Issuance volume shrinks 20% in FY2013; new taxation norms could push part of the market back to bilateral assignment going forward Indian Cement Sector; Weak demand weighs on prices NBFC to a Bank: Build-up of CASA base holds the key to Successful transition Indian Construction Sector Update; Weak investment cycle and poor pace of execution continue to impact the sector Indian Automobile Industry; Demand for automobiles continued to remain weak in April 2013 Indian Retail Non Banking Finance Market; Quarterly review on Retail Non Banking Finance Corporations and Industry Outlook for the period ended December 31, 2012 ICRA adopts new symbols for grading of Real Estate developers and Real Estate projects Indian Gold Jewellery Industry - Transforming into an organized retail play

GUIDE TO CREDIT RATINGS

RATING/GRADING SCALE

RATING METHODOLOGIES

CURRENT RATING LIST

SPECIAL COMMENTS

ECONOMY AND DEBT MARKET

ICRA BULLETIN: MONEY &
FINANCE

	Improved Outlook for Sugar Industry Following Partial Decontrol 5
	Indian Cement Sector; Weak demand weighs on prices 5
	NBFC to a Bank: Build-up of CASA base holds the key to Successful transition 5
	Update on Indian Securitisation Market; Issuance volume shrinks 20% in FY2013; new taxation norms could push part of the market back to bilateral assignment going forward 5
More...

	ICRA Limited: Audited Financial Results for the Quarter and the Year ended March 31, 2013
	ICRA assigns highest long term ratings to enhanced bank lines of SBI Funds Management Private Limited
	Rating of [ICRA]A1+ assigned to the Commercial Paper Programme of Godrej Consumer Products Limited
	Rating of [ICRA]B+ reaffirmed for bank lines of Charutar Arogya Mandal
	Rating of [ICRA]B+ reaffirmed for fund-based limits and rating of [ICRA]A4 assigned to non-fund-based facilities of Grah Avas Vikas Private Limited; rated amount enhanced
	Rating of [ICRA]B+ reaffirmed for IBD Space Infrastructure Private Limited
	Rating of [ICRA]B+ reaffirmed to the bank facilities of Jai Ambey Castings Private Limited
	Rating of [ICRA]BB- reaffirmed for term loans of Express Builders and Promoters Private Limited
	Rating of [ICRA]D assigned to bank facilities of Hind Autocranks Private Limited
	Rating of [ICRA]D reaffirmed for bank facilities of Solar Semiconductor Private Limited
	Rating reaffirmed for bank facilities of Express Projects Private Limited
	Ratings of [ICRA]AA (stable) and [ICRA]A1+ assigned for the bank facilities of HCL Comnet Limited
	Ratings of [ICRA]B and [ICRA]A4 assigned to the bank facilities of Track Innovations (India) Private Limited
	Ratings of [ICRA]BB- and [ICRA]A4 assigned to the bank facilities of Balu India
	Ratings of [ICRA]BBB- (Stable) and [ICRA]A3 assigned to bank facilities of Krishna Speciality Chemicals Private Limited
	Ratings of [ICRA]BBB- (Stable) and [ICRA]A3 reaffirmed for bank facilities of Paracoat Products Limited
	Ratings reaffirmed for the bank lines of Eveready Industries India Limited
	Solar System Integrator Grading SP 1B assigned to Vikram Proener Projects Private Limited
	Solar System Integrator Grading SP 2B assigned to Vikram India Limited
More...