GENERAL INSURANCE CORPORATION OF INDIA
Suraksha, 170, J. Tata Road, Churchgate, Mumbai - 400 020, INDIA














FORM-NL 37


STATEMENT AS ON 31.03.2013











STATEMENT OF DOWNGRADED INVESTMENTS











PERIODICITY OF SUBMISSION : QUARTERLY




















Amount in Lakhs














Sr No Particulars of Investments IRDA Code Purchase Amount Nominal Amount Date of Purchase Rating Agency Original Grade Current Grade Date of Downgrade Remarks














A DURING THE QUARTER










1 10.50% NAGARJUNA CONSTRUCTION CO.LTD.2013 OLDB 150 150 24.07.2009 CRISIL AA- BBB+ 18.01.2013


2 10.50% NAGARJUNA CONSTRUCTION CO.LTD.2014 OLDB 200 200 24.07.2009 CRISIL AA- BBB+ 18.01.2013


3 10.75% Patel Engineering Ltd.-2016 OLDB 1022.31 1022.3 29.04.2011 CARE AA A 18.03.2013


4 11.25% Cox & Kings Ltd. OLDB 1019.01 1019 30.08.2011 CARE AA AA- 14.03.2013


5 11.25% Cox & Kings Ltd. OLDB 509.51 509.5 02.09.2011 CARE AA AA- 14.03.2013


6 11.25% Cox & Kings Ltd. OLDB 1015.81 1015.8 31.10.2011 CARE AA AA- 14.03.2013


7 11.25% Cox & Kings Ltd.2016 Secured NCDs OLDB 1527.31 1527.3 11.12.2012 CARE AA AA- 20.02.2013


B AS ON DATE










1 6.25% ING VYSYA BANK LIMITED 2013 OLDB 2010.68 2000 31.12.2005 FITCH AA+ AA 31.12.2010


2 6.35% RELIANCE ENERGY LTD. 2013 OLDB 2003.72 2000 31.12.2005 CRISIL AA AA- 28.09.2012


3 5.95% RELIANCE ENERGY LTD. 2013 OLDB 2026.72 2000 31.12.2005 CRISIL AA AA- 28.09.2012


4 5.6% RELIANCE ENERGY LTD. 2013 OLDB 977.46 1000 31.12.2005 CRISIL AA AA- 28.09.2012


5 6.7% RELIANCE ENERGY LTD. 2018 OLDB 496.28 500 31.12.2005 CRISIL AA AA- 28.09.2012


6 5.95% UCO BANK 2013 OBPT 1000 1000 31.12.2005 FITCH AA AA- 31.12.2012


7 7.15% UNION BANK OF INDIA 2015 EPBT 1000 1000 31.12.2005 ICRA AA+ AA 28.09.2012


8 9.75% JINDAL STAINLESS 31.01.2015 OLDB 1000 1000 01.02.2006 CARE AA D 31.12.2012


9 8.75% ING VYSYA BANK LTD. 17.5.2015 OLDB 500 500 17.03.2006 CRISIL AA+ AA 31.12.2010


10 8.7-9.2% UCO BANK UPPER TIER II OBPT 500 500 22.03.2006 CARE AA AA- 31.12.2012


11 9.25%(1.8.2016) VIJAYA BANK BONDS OBPT 500 500 01.08.2006 FITCH AA AA- 30.05.2012


12 9.70% ING VYSYA Bank 28.8.2016 OLDB 512.02 512.01 08.09.2006 CRISIL AA+ AA 31.12.2010


13 9.70% ING VYSYA Bank 28.8.2016 OLDB 513.91 513.9 13.09.2006 CRISIL AA+ AA 31.12.2010


14 9.70% ING VYSYA Bank 28.8.2016 OLDB 495.51 495.5 14.08.2007 CRISIL AA+ AA 31.12.2010


15 9.95% LAKSHMI VILAS BANK 30.4.2016 OLDB 500 500 01.10.2006 FITCH A BBB+ 31.12.2012


16 8.50%ORIENTAL BANK OF COMMERCE 20.4.2016 EPBT 1000 1000 20.04.2006 CARE AAA AA+ 27.07.2012


17 10.25% SBI Bank Indore Upper Tier II Bond 2022 EPBT 503.46 503.45 01.06.2007 CRISIL Approved AAA 31.12.2010


18 9.95%Orientak Bank comm Lower Tier II Bonds 23.4.2017 EPBT 1500 1500 23.04.2007 CARE AAA AA+ 27.07.2012


19 10.25% KARNATAKA BANK LTD. 2018(ANNUAL) LOWER TIER II BONDS OLDB 500 500 29.03.2008 CARE A+ A 07.09.2012


20 8.75%(S.A.) TAMIL NADU ELECTRICITY BOARD 1.3.2018 (P/C2015) SGOA 969.61 969.6 18.08.2008 CARE A+(SO) A-(SO) 12.12.2011


21 11%TAMIL NADU ELECTRICITY BOARD 3.11.13/14/15 (P/C-3.11.13) SGOA 1057.31 1057.3 11.11.2008 ICRA A+(SO) A-(SO) 12.12.2011


22 12.30% Bharat Hotels Limited Sec Red NCDs OLDB 2500 2500 06.02.2009 CARE A BBB+ 03.12.2012


23 11.20% TATA COMMUNICATIONS LTD. Rated Sec.Tax NCDs ICTD 2500 2500 23.01.2009 CARE AAA AA+ 31.12.2010


24 10.50% Sec.Red.NC Gammon India Ltd. OLDB 1500 1500 07.05.2009 CARE AA BBB+ 28.09.2012


25 8.81% 2019 Tamilnadu Electricity Board SGOA 1000 1000 04.05.2009 ICRA A+(SO) A-(SO) 12.12.2011


26 8.81% 2019 Tamilnadu Electricity Board SGOA 1008.01 1008 08.06.2009 ICRA A+(SO) A-(SO) 12.12.2011


27 13%Sec Red NCDs of Era Infra Engineering Ltd OLDB 2000 2000 05.06.2009 CARE A BBB 31.12.2012


28 11% Bharati Shipyard Ltd Sec.Rated Red.NCDs of OLDB 2000 2000 09.06.2009 CARE A BB- 28.12.2011


29 10.75% Sec.NCDs -Hindusthan National Glass(1% additional) OLDB 2500 2500 18.06.2009 CARE AA A+ 09.11.2012


30 8.80% -Unsec.NCRed.Sub.Bonds Central Bank-Put call 10 yrs OBPT 500 500 23.06.2009 CARE AA AA- 06.07.2012


31 8.65% Rural Electrification Corpn.-NCD IPTD 989.71 989.7 16.10.2009 CRISIL Approved AAA 31.12.2010


32 8.65% Rural Electrification Corpn.-NCD IPTD 1017.21 1017.2 24.05.2010 CRISIL Approved AAA 31.12.2010


33 8.65% Rural Electrification Corpn.-NCD IPTD 498.51 498.5 16.08.2010 CRISIL Approved AAA 31.12.2010


34 8.40% 2020Tamilnadu Electricity Board SGOA 1000 1000 06.01.2010 ICRA A+(SO) A-(SO) 12.12.2011


35 9.97% Unsec.Red.Sub.NCDs Deutsche Postbank Home Finance HTDN 1025.51 1025.5 08.02.2011 ICRA AA+ AA 31.03.2012


36 8.75% Sec.Red.NCD- Tamil Nadu Newsprint& papers OLDB 1000 1000 19.01.2010 ICRA AA- A 17.09.2012


37 11.15% Sec.Red.NCD -Era Infra Engineering Ltd. OLDB 1000 1000 27.02.2010 CARE A BBB 31.12.2012


38 8.95% Damodar Valley Corporation Sec.Red.Taxable NCD- OBPT 560 560 26.02.2010 CRISIL AA A+ 12.10.2012


39 8.95% Damodar Valley Corporation Sec.Red.Taxable NCD- OBPT 1539.46 1539.45 14.06.2010 CRISIL AA A+ 12.10.2012


40 8.64% TAMIL NADU ELECTRICITY BOARD 10 years(7 year P/C) SGOA 1000 1000 29.03.2010 CARE A+(SO) A-(SO) 12.12.2011


41 8.64% TAMIL NADU ELECTRICITY BOARD 10 years(7 year P/C) SGOA 1000 1000 29.03.2010 CARE A+(SO) A-(SO) 12.12.2011


42 9.50% Gammon India-NCD (Put option-18.6.2017)-2020 OLDB 1000 1000 18.06.2010 CARE AA BBB+ 28.09.2012


43 9.50% Gammon India-NCD (Put option-18.6.2017)-2020 OLDB 1000.01 1000 16.11.2010 CARE AA BBB+ 28.09.2012


44 11.25%Elder Pharma NCDs-2018 OLDB 1000 1000 30.03.2011 CARE A+ A 28.09.2012


45 10.75% Jindal Saw Ltd. Secured NCD OLDB 1033.71 1033.7 26.05.2011 CARE AA AA- 29.08.2012


46 10.75% Jindal Saw Ltd. Secured NCD OLDB 516.86 516.85 27.05.2011 CARE AA AA- 29.08.2012


47 9.35% Union Bank 2018 EPBT 498.81 498.8 27.06.2011 ICRA AAA AA 28.09.2012


48 9.35% Union Bank 2018 EPBT 498.81 498.8 28.06.2011 ICRA AAA AA 28.09.2012


49 9.95% Indian Hotels 2021-NCDs Secured ECOS 1013.41 1013.4 18.08.2011 ICRA AA+ AA 14.09.2012


50 10.10% Indian Hotels ECOS 1000.01 1000 24.11.2011 CARE AA+ AA 14.09.2012


51 11% Dhanlaxmi Bank 2018 OLDB 1000 1000 21.01.2012 CARE A BBB 29.06.2012


52 11.40% Lakshmi vilas 2018 (OptionI VII-A) Unsecured OLDB 1000 1000 10.02.2012 CARE A- BBB+ 31.12.2012


53 10.50% Reliance Infrastructure 2018 Secured ICTD 2500 2500 27.01.2012 CRISIL AA+ AA 22.10.2012


54 11.15% Reliance Infrastructure Ltd.2016 -NCDs ICTD 1530.01 1530 29.06.2012 CRISIL AA+ AA 22.10.2012




























DECLARATION : Certified that the information given herein are correct and complete to the best of my knowledge and belief and nothing has been processed or suppressed.


















DATE











Signature





































Full Name & Designation