6.2.

4: List of defaults separately for each rating category

(A) Structured Instruments

Category-wise List of Defaults in a Financial Year - Long Term Scale
Date of Date of
Name of the Initial Rating prior to Default
S.No. Name of Issuer Instrument Initial Rating Rating Default Recognition
AAA or equivalent
NIL
AA or equivalent
NIL
A or equivalent
NIL
BBB or equivalent
NIL
BB or equivalent
NIL
B or equivalent
1 ICICI Bank Ltd. Auto Loan Pool Direct Assignment June 2006 II Assignee Payouts LAAA(SO) Jun-06 LB(SO) Feb-10
C or equivalent
1 Cholamandalam DBS Finance Ltd PL Pool DA Oct 07 Purchaser payouts LAAA(SO) Oct-07 LC(SO) Aug-09
2 India Loan Securitisation Series 6 Trust 2008 PTC Series A LAAA(SO) Oct-07 LC(SO) Aug-09
3 ICICI Bank Ltd. Auto Loan pool Direct Assignment Jun-06 (I) Assignee Payouts LAAA(SO) Jun-06 LC(SO) Nov-09
 (B) Non Structured Instruments
Category-wise List of Defaults in a Financial Year - Long Term Scale
Initial Date of Initial Rating prior to
S.No. Name of Issuer Rating Rating Default Date of Default Recognition
AAA or equivalent
NIL
AA or equivalent
NIL
A or equivalent
1 KMC Constructions Limited LA- Dec-08 LA- Dec-09
BBB or equivalent
1 Fun Multiplex Private Limited LBBB Feb-09 LBBB Apr-09
2 Net 4 India LBBB Jul-08 LBBB Apr-09
3 Rathi Steel and Power Ltd^ LBBB Jul-09 LBBB Apr-09
4 Miraj Products Private Limited LBBB Dec-09 LBBB Feb-10
5 Solar Semiconductor Pvt Ltd LBBB- Oct-09 LBBB- Dec-09
6 Kudos Chemie Limited LBBB- Mar-09 LBBB- Apr-09
7 Shamanur Sugar Limited LBBB- Mar-08 LBBB- Aug-09
8 Malu Paper Mills LBBB- Nov-08 LBBB- Apr-09
9 Impact Safety Glass Works Pvt. Ltd LBBB- Feb-09 LBBB- Nov-09
10 Ind Barath Energies (M) Ltd LBBB- Nov-08 LBBB- Oct-09
11 Ind Barath Energies (T) Ltd LBBB- Nov-08 LBBB- Jan-10
12 Biological E Limited LBBB- Mar-08 LBBB- Jun-09
13 Garg Inox Limited LBBB- Mar-09 LBBB- Dec-09
14 Tubeknit Fashions Limited LBBB- Oct-08 LBBB- Apr-09
15 Balaji Educational and Charitable Trust LBBB- Aug-08 LBBB- Jan-10
16 Sri Manakula Vinayaga Educational Trust LBBB- Aug-08 LBBB- Jan-10
17 Sri Venkata Sai Educational Society LBBB- Feb-09 LBBB- Aug-09
18 Yogindera Worsted LBBB- Feb-09 LBBB- Apr-09
19 Hilton Metal Forging Limited LBBB- Jun-09 LBBB- Feb-10
20 Focus Energy Limited LBBB- Aug-09 LBBB- Feb-10
21 Kalyani Thermal Systems Ltd LBBB+ Jun-08 LBBB+ Jun-09
22 Gini & Jony LBBB+ Sep-08 LBBB+ Jun-09
BB or equivalent
1 Shri Govindaraja Mills Limited LBB Oct-08 LBB Sep-09
2 Suryachakra Power LBB Mar-09 LBB Oct-09
3 Shree Krishna Paper mills Limited LBB Mar-09 LBB Jun-09
4 Maruti Cotex Limited LBB Feb-09 LBB Oct-09
5 Abhishek Corporation Limited^ LBB Dec-08 LBB Nov-08
6 Perfect Knitters Limited LBB Oct-08 LBB Apr-09
7 Bhavya Constructions Private Limited LBB Oct-09 LBB Nov-09
8 Western refrigeration Private Limited LBB Dec-09 LBB Mar-10
9 Luni Power^ LBB Mar-10 LBB Feb-10
10 Neogal Power^ LBB Mar-10 LBB Feb-10
11 Lahari Power & Steels LBB- Mar-09 LBB- Dec-09
12 South Asian Ago Industries LBB- Mar-09 LBB- Dec-09
13 Teledata Informatics Limited LBB- Nov-08 LBB- Apr-09
14 Teledata Marine Solutions Limited LBB- Nov-08 LBB- NA
15 Asaco Private Limited LBB- Nov-09 LBB- Mar-10
16 Winsome Yarns LBB- Aug-09 LBB- NA
17 Lokmangal Agro Industries Ltd. LBB- Jun-09 LBB- Jul-09
18 D. S. Kulkarni Developers Ltd. LBB+ Sep-09 LBB+ Jan-10
19 Rana Sugars Limited LBB+ Mar-08 LBB+ May-09
20 Bhola Singh Jaiprakash Constructions Limited LBB+ Jan-09 LBB+ Jan-10
21 Magnum Ventures Limited LBB+ Apr-09 LBB+ Aug-09
22 Oyster Medisafe Limited LBB+ Dec-08 LBB+ Oct-09
 23 BBIPL Infrastructure (India) Private Limited LBB+ Jan-09 LBB+ Mar-10
24 Pokarna Limited LBB+ Jun-08 LBB+ Apr-09
25 Foods & Inns Limited LBB+ Apr-09 LBB+ Aug-09
26 Bheema Cements Ltd. LBB+ Apr-09 LBB+ May-09
27 Shiva Texfabs LBB+ Feb-09 LBB+ Apr-09
28 Modest Infrastructure Limited LBB+ Feb-09 LBB+ Mar-10
29 Iqu Power^ LBB+ Dec-09 LBB+ Apr-09
30 Fertichem Cotspin Limited LBB+ Feb-09 LBB+ Mar-09
31 Harvins Constructions Private Limited LBB+ Apr-09 LBB+ Feb-10
32 Ind Barath Powergencom Limited LBB+ Dec-08 LBB+ Sep-09
B or equivalent
1 Hari Infrastructure Private Limited LB+ Aug-09 LB+ Aug-09
2 Ram Infrastructure Limited LB+ Sep-09 LB+ Jan-10
3 Nagar Kopargaon Infrastructure Private Limited LB+ Sep-09 LB+ Feb-10
4 Naxpar Pharma Private Limited LB+ Sep-09 LB+ Oct-09
5 Pranjal Infrastructure Private Limited LB+ Nov-09 LB+ Jan-10
6 Vipul Limited LBBB Mar-08 LB+ Dec-09
C or equivalent
NIL

^In these cases, no defaults were reported at the time of the initial rating exercise despite the companies already delaying on their debt obligations. These
defaults were subsequently identified, however for the purpose of this disclosure, the first instance of delay as be reported as the date of default recognition.
 Category-wise List of Defaults in a Financial Year - Short Term Scale
S.No. Name of Issuer Initial Rating Date of Initial Rating Rating prior to Default Date of Default Recognition
P1/A1/PR1/F1 or equivalent
NIL
P2/ A2/ PR2/ F2 or equivalent
1 Miraj Products Private Limited A2 Dec-09 A2 Feb-10
2 Hikal Limited A2 Mar-09 A2 Dec-09
P3/ A3/ PR 3/ F3 or equivalent
1 M/s Ratnadeep Impex A3 Mar-09 A3 Dec-09
2 Hilton Metal Forging Limited A3 Jan-09 A3 Feb-10
3 Kudos Chemie Limited A3 Mar-09 A3 Apr-09