CRISIL assigns Ratings to Kanoria Chemicals

Kanoria Chemicals & Industries Ltd has announced that the CRISIL has reaffirmed 'CRISIL GVC Level 3' rating on the Company's Corporate Governance and Value Creation Practices. The rating indicates that the Company's capability with regard to corporate governance and value creation for all its stakeholders is high.

IPO Rating

IPO Rating / Gradings (Year 2008 IPOs)

IPO	Chittorgarh Users IPO Rating	CRISIL / CARE / ICRA / FITCH IPO Grading	Money Control IPO Rating	Capital Market IPO Rating	Other Ratings /Suggestions
Scale >	1 - 5	1 - 5	1 - 5	1 - 100	-
Sita Shree Food Products Limited	3.34	2
Gammon Infrastructure Projects Limited (GIPL)	3.21	4	2	44	R S Iyer (KR Choksey)- Don’t Apply. SP Tulsian - Don’t Apply.
Rural Electrification Corporation Limited (REC)	4.13	3	4	47	SKP Securities - Subscribe. R S Iyer (KR Choksey)- Apply. Manish Bhatt - Apply. SP Tulsian - Apply. BusinessLine - Invest at cut-off. Smart Investment - 48%(Attractive). Keynote Capitals - Subscribe with a medium term view. Bajaj Capital - Subscribe with a long term view. Pranav Securities - Subscribe. Emkay Research - Subscribe. Hem Securities - Apply. SPA Financial - Subscribe.
GSS America Infotech Ltd	2.78			43	BusinessLine - Avoid. Smart Investment - 36%(Avoid).
V-Guard Industries Limited	3.60	3		45	Smart Investment - 42%(Average). PINC research - Subscribe. SPA Financial - Avoid. Arihant Capital - Avoid.
SVEC Constructions Ltd	2.40		3		R S Iyer (KR Choksey)- Don’t Apply. Manish Bhatt - Apply. SP Tulsian - Don’t Apply. Smart Investment - 41%(Average).
Tulsi Extrusions Limited	2.84	3	3	38	Smart Investment - 41%(Invest at lower end). R S Iyer (KR Choksey)- Don’t Apply. SP Tulsian - Don’t Apply. KBS Capital Management - Subscription with long term horizon.
Shriram EPC Limited		3	3	45	R S Iyer (KR Choksey)- Don’t Apply. Manish Bhatt - Apply. SP Tulsian - Don’t Apply. Keynote Capitals - Subscribe with a long term view. BusinessLine - Invest at lower-end. Asit C Mehta - Avoid.
Wockhardt Hospitals Limited	2.75	4	3	43	SPA Securities - Avoid. R S Iyer (KR Choksey)- Don’t Apply. SP Tulsian - Don’t Apply. Smart Investment - 38%(Avoid). BusinessLine - Avoid. Arihant Cap Mkts - Avoid. Smart Investment - 38%(Avoid).
Globus Spirits Limited	2.61	3
Emaar MGF Land Limited	3.53	4	3	47	Edelweiss Securities - Subscribe. Smart Investment - 48%(Good for long term). R S Iyer (KR Choksey)- Don’t Apply. Manish Bhatt - Apply. SP Tulsian - Don’t Apply. BusinessLine - Invest at Cut off. Keynote Capitals - Subscribe with a long term view.
Manjushree Extrusions Ltd (MEL) FPO	2.46			41	Smart Investment - 40%(Risky).
IRB Infrastructure Developers Limited	3.17	4	3	45	Keynote Capitals - Subscribe with a long term view. R S Iyer (KR Choksey)- Don’t Apply. Manish Bhatt - Apply. SP Tulsian - Don’t Apply. Smart Investment - 47%(Good). BusinessLine - Invest. Indiabulls Securities - Don’t Apply.
Bang Overseas Limited	2.15	2	3	42	R S Iyer (KR Choksey)- Apply. SP Tulsian - Don’t Apply. BusinessLine - Avoid.
KNR Constructions Limited		3	3	44	R S Iyer (KR Choksey)- Don’t Apply. Manish Bhatt - Apply. SP Tulsian - Don’t Apply. Arihant Cap Mkts - Subscribe. Smart Investment - 40% (Risky). Hem Securities - Neutral. BusinessLine - Invest at cut-off.
OnMobile Global Limited	3.49	4	4	44	R S Iyer (KR Choksey)- Apply. Manish Bhatt - Apply. SP Tulsian - Don’t Apply. Emkay - Subscribe. Smart Investment - 43%(High Risk High Return). Prabhudas Lilladher - Subscribe. BusinessLine - Invest at cut-off.
Cords Cable Industries Limited	3.16	3	3	46	SPA Securities - Subscribe. Asit C Mehta - Subscribe. BusinessLine - Apply. R S Iyer (KR Choksey)- Apply. SP Tulsian - Don’t Apply. Smart Investment - 41% (Average).
J. Kumar Infraprojects Limited	3.15	2		43	BusinessLine - Avoid. Smart Investment - 42% (Listing Benefit).
Reliance Power Limited REPL	4.25	4	4	49	Hem Securities - Subscribe. Equitymaster - Avoid. SP Tulsian - Ride the momentum. R S Iyer(KR Choksey)- Apply. Manish Bhatt - Apply. BusinessLine - Apply. Smart Investment - 55% (Attractive). Keynote Capitals - Subscribe with a medium term view.
Future Capital Holdings Limited	3.85	3	4	44	R S Iyer(KR Choksey) - Apply. SP Tulsian - Apply. Keynote Capitals - Subscribe with a medium term view. Edelweiss Securities - Subscribe. IndiaInfoline - Subscribe. BusinessLine - Avoid. Smart Investment - 45% (High Risk High Return).