ICRA

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Indian Cement Sector; Weak demand weighs on prices NBFC to a Bank: Build-up of CASA base holds the key to Successful transition 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 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 Indian Poultry Industry – Broiler Meat and Table Egg Industrial production rises by 2.5% in March 2013, led by growth of capital goods and consumer non-durables

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ICRA BULLETIN: MONEY &
FINANCE

	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
	Indian Automobile Industry; Demand for automobiles continued to remain weak in April 2013 5
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	ICRA assigned [ICRA]B rating to bank facilities of Ram Lal Aneja Foods Private Limited
	ICRA assigns ratings of [ICRA]B+ and [ICRA]A4 for bank lines of TSR Nirmaan Private Limited
	ICRA has assigned SP 3B grading to Apnatech Consultancy Services Private Limited
	ICRA places the ratings for the bank lines of Tinna Viterra Trade Private Limited under rating watch with negative implications
	Ratings of [ICRA]B and [ICRA]A4 assigned for bank facilities of Sri Lakshmi Narasimha Raw and Boiled Rice Mill
	Ratings of [ICRA]B- and [ICRA]A4 assigned to bank facilities of Grace Enterprises
	Ratings of [ICRA]B and [ICRA]A4 assigned to the bank facilities of Amit Polypipes Private Limited
	Ratings of [ICRA]B and [ICRA]A4 assigned to the bank facilities of Surjeet Auto Agency
	Ratings of [ICRA]BB (Stable) and [ICRA]A4+ assigned to bank facilities of Swati Chlorides Private Limited
	Ratings of [ICRA]BB- and [ICRA]A4 assigned to bank facilities of Aditi Infrabuild & Services Limited
	Ratings of [ICRA]BB(stable) assigned to bank facilities of Rakesh Masala Private Limited
	ICRA suspends ratings for bank facilities of Akshar Ginning & Pressing Industries
	ICRA suspends ratings for bank facilities of Aparant Iron and Steel Private Limited
	ICRA suspends ratings for bank facilities of H.V. Metal Arc Private Limited
	ICRA suspends ratings for bank facilities of Indo Unique Trading Private Limited
	ICRA suspends ratings for bank facilities of Maharashtra Metal Powders Limited
	ICRA suspends ratings for bank facilities of Paras Healthcare Private Limited
	ICRA suspends ratings for bank facilities of Vasmo Foods Co Private Limited
	ICRA suspends ratings for bank facilities of Vinayak Education Society
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