FORM NL-37-DOWN GRADING OF INVESTMENT-2
GENERAL INSURANCE CORPORATION OF INDIA
FORM 2                  
Statement Date :  30.06.2011                  
Statement Date :  30.06.2011                  
Statement of Down Graded Investments
PERIODICITY OF SUBMISSION : QUARTERLY
            (Rs. In Lakhs)      
Sr.No. Particulars of Investments Category Amount  Date of   Rating  Original  Current  Date of  Remarks
    Code (As per B/s.) Purchase Agency Grade Grade Downgrade  
A. During the quarter:                
  Debentures/Bonds:                
1 10.25% First Blue Home Finance Ltd.(erstwhile                 
  Deutsche Postbank Home Finance Ltd. HTDN 1000.00 5.4.2007 ICRA AA+ AA 2.5.2011  
2 10.85% First Blue Home Finance Ltd.(erstwhile                
  Deutsche Postbank Home Finance Ltd. HTDN 1000.00 25.7.2008 ICRA AA+ AA 2.5.2011  
3 9.97% First Blue Home Finance Ltd.(erstwhile                
  Deutsche Postbank Home Finance Ltd. HTDN 2000.00 6.1.2010 ICRA AA+ AA 2.5.2011  
4 9.97% First Blue Home Finance Ltd.(erstwhile                
  Deutsche Postbank Home Finance Ltd. HTDN 1000.00 13.1.2010 ICRA AA+ AA 2.5.2011  
5 9.85% First Blue Home Finance Ltd.(erstwhile                
  Deutsche Postbank Home Finance Ltd. HTDN 500.00 22.4.2010 ICRA AA+ AA 2.5.2011  
6 10.10% First Blue Home Finance Ltd.(erstwhile                
  Deutsche Postbank Home Finance Ltd. HTDN 1500.00 26.10.2009 ICRA AA+ AA 2.5.2011  
  Total   7000.00            
                   
                   
  As on date                
1 6.25% ING Vysya Bank Ltd. OLDB 2000.00 12.9.2003 FITCH AA+ AA 3.12.2010  
2 8.75% ING Vysya Bank Ltd. OLDB 500.00 17.3.2006 FITCH AA+ AA 3.12.2010  
3 9.70% ING Vysya Bank Ltd. OLDB 1500.00 28.8.2006 FITCH AA+ AA 3.12.2010  
4 Tamilnadu Electricity Board SGOA 1000.00 18.8.2008 ICRA LA+(SO) A(SO) 27.10.2010  
5 Tamilnadu Electricity Board SGOA 10000.00 28.10.2009 CARE A+(SO) A(SO) 27.10.2010  
6 Tata Communications Ltd. ICTD 2500.00 21.1.2009 CARE AAA AA+ 1.11.2010  
7 9.25% Vijaya Bank Lower Tier II ECOS 500.00 01.08.2006 FITCH AA+(ind) AA(ind) 14.8.2008  
8 10.25% Bonds of Indusind Bank(Upper Tier II) OLDB 1000.00 30.9.2006 ICRA&FITCH A BBB+ 20.11.2008  
9 7.15% Bonds of Development Credit Bank OLDB 500.00 16.3.2004 FITCH A+ BBB+ 25.2.2009  
13 13% Aditya Birla Nuva Ltd. ECOS 1000.00 7.11.2008 CARE AAA AA+ 13.08.2009  
14 Bank of Maharashtra 9.10%;14.10.2021 OLDB 500.00 14.10.2006 CRISIL/CARE AA AA- 21.10.2009  
15 PNB Housing Finance HTDN 1000.00 24.7.2006 CARE&CRISIL AA+ AA 10/2/2010  
16 PNB Housing Finance HTDN 1000.00 30.9.2008 CARE& CRISIL AA+ AA 10/2/2010  
      23000.00            
                   
Certified that the information given herein is correct and complete to the best of my 
knowledge and belief and nothing has been concealed or suppressed.
            (Bhagyam Ramani)
           
            General Manager