FORM-2
COMPANY NAME: GENERAL INSURANCE CORPORATION OF INDIA
STATEMENT AS ON 30.09.2014
STATEMENT OF DOWNGRADED INVESTMENTS
PERIODICITY OF SUBMISSION : QUARTERLY
Rupees in Crores
       Security ID Particulars of Investments Fin.Trn.Number Product Type IRDA Code BAP Code   Purchase Amount     Nominal Amount Date of Purchase Rating Agency Original Grade Current Grade Date of Downgrade
A DURING THE QUARTER
1 12527 10.75% Patel Engineering Ltd.-2016 2.01101E+12 04I OLDB 100070 10.22 10.22 29.04.2011 CARE AA BB 30.09.2014
2 12642 11% Dhanlaxmi Bank 2018 2.01101E+12 04I OLDB 100070 10 10 21.01.2012 Brickworks A BBB- 30.09.2014
3 12792 10.75% Simplex Infra Ltd 2022 (put/Call 06.12.2019) 2.01201E+12 04I IODS 100100 15 15 11.12.2012 CARE AA A+ 30.09.2014
4 12885 9.80% Reliance Infrastructure Ltd. 2018-SEC NCD 2.01301E+12 04I ICTD 100030 5 5 03.07.2013 CARE AA AA- 30.09.2014
B AS ON DATE
1 11426 MAHARASHTRA STATE ROAD DEVELOPMENT CORPORATION LTD 2.00501E+12 04I SGOA 100008 27 75 31.12.2005 CARE AAA BBB+ 30.09.2013
2 11433 TATA POWER COMPANY LTD RESET RATE SEC RED NCD(FIXED RATE) 2.00501E+12 04I IODS 100100 10.02 10 31.12.2005 CRISIL AA AA- 31.12.2013
3 11598 7.25% INDIAN OVERSEAS BANK 2015 2.00501E+12 04I EPBT 100039 5 5 31.12.2005 CARE AA+ AA 31.12.2013
4 11599 7.4% INDIAN OVERSEAS BANK 2015 2.00501E+12 04I EPBT 100039 10.06 10 31.12.2005 CARE AA+ AA 31.12.2013
5 11630 6.7% RELIANCE ENERGY LTD. 2018 2.00501E+12 04I IODS 100100 4.96 5 31.12.2005 CRISIL AA A+ 30.09.2013
6 11947 9.75% JINDAL STAINLESS 31.01.2015 2.00501E+12 04I OLDB 100070 10 10 01.02.2006 CARE AA D 31.12.2012
7 11948 8.75% ING VYSYA BANK LTD. 17.5.2015 2.00501E+12 04I OLDB 100070 5 5 17.03.2006 FITCH AA+ AA 31.03.2014
8 11949 8.00%UNITED BANK 29.04.2016 2.00501E+12 04I OBPT 100065 5 5 29.03.2006 ICRA AA+ A- 31.03.2014
9 11950 8%I NDIAN OVERSEAS BANK 13.3.2016 2.00501E+12 04I EPBT 100039 10 10 13.03.2006 ICRA AA+ AA 31.12.2013
10 11972 8.15%CBI28/6/15 2.00601E+12 04I OBPT 100065 14.53 14.53 07.04.2006 CRISIL AA AA- 31.12.2013
11 11974 7.70% INDIAN OVERSEAS BANK 9.4.2016 2.00601E+12 04I EPBT 100039 9.61 9.61 08.06.2006 CRISIL AA+ AA 31.12.2013
12 11980 9.25%(1.8.2016) VIJAYA BANK BONDS 2.00601E+12 04I OBPT 100065 5 5 01.08.2006 FITCH AA AA- 30.05.2012
13 11993 9.70% ING VYSYA Bank 28.8.2016 2.00601E+12 04I OLDB 100070 5.12 5.12 08.09.2006 CRISIL AA+ AA 31.03.2014
14 11993 9.70% ING VYSYA Bank 28.8.2016 2.00601E+12 04I OLDB 100070 5.14 5.14 13.09.2006 CRISIL AA+ AA 31.03.2014
15 11993 9.70% ING VYSYA Bank 28.8.2016 2.00701E+12 04I OLDB 100070 4.96 4.96 14.08.2007 CRISIL AA+ AA 31.03.2014
16 11994 9.25%UNITED BANK OF INDIA 16.8.2016 2.00601E+12 04I OBPT 100065 5.04 5.04 23.08.2006 ICRA AA A- 31.03.2014
17 11996 8.95% CENTRAL BANK OF INDIA 4.10.2016 2.00601E+12 04I OBPT 100065 10 10 02.11.2006 ICRA AA AA- 31.12.2013
18 11996 8.95% CENTRAL BANK OF INDIA 4.10.2016 2.00901E+12 04I OBPT 100065 15.42 15.42 13.05.2009 ICRA AA AA- 31.12.2013
19 11999 9.95% LAKSHMI VILAS BANK 30.4.2016 2.00601E+12 04I OLDB 100070 5 5 01.10.2006 FITCH A BBB+ 31.12.2012
20 12010 8.50%ORIENTAL BANK OF COMMERCE 20.4.2016 2.00601E+12 04I EPBT 100039 10 10 20.04.2006 CARE AAA AA+ 27.07.2012
21 12100 9.95%Orientak Bank comm Lower Tier II Bonds 23.4.2017 2.00701E+12 04I EPBT 100039 15 15 23.04.2007 CARE AAA AA+ 27.07.2012
22 12182 10.25% KARNATAKA BANK LTD. 2018(ANNUAL) LOWER TIER II BONDS 2.00701E+12 04I OLDB 100070 5 5 29.03.2008 CARE A+ A 07.09.2012
23 12186 10.10% Tata Power Company Ltd. 2018 2.00801E+12 04I IODS 100100 5 5 25.04.2008 CRISIL AA AA- 30.06.2013
24 12193 10.40% TATA POWER CO.LTD. 2018 (ANNUAL) 2.00801E+12 04I IODS 100100 15 15 20.06.2008 CRISIL AA AA- 31.12.2013
25 12211 8.75%(S.A.)  TAMIL NADU ELECTRICITY BOARD 1.3.2018 (P/C2015) 2.00801E+12 04I SGOA 100008 9.7 9.7 18.08.2008 CARE A+(SO) A-(SO) 12.12.2011
26 12224 11%TAMIL NADU ELECTRICITY BOARD 3.11.13/14/15 (P/C-3.11.13) 2.00801E+12 04I SGOA 100008 10.57 10.57 11.11.2008 ICRA A+(SO) A-(SO) 12.12.2011
27 12237 11.20% TATA COMMUNICATIONS LTD. Rated Sec.Tax NCDs 2.00801E+12 04I ICTD 100030 25 25 23.01.2009 CARE AAA AA+ 31.12.2010
28 12264 10.50% Sec.Red.NC Gammon India Ltd. 2.00901E+12 04I IODS 100100 15 15 07.05.2009 CARE AA C 31.03.2014
29 12270 8.81% 2019 Tamilnadu Electricity Board 2.00901E+12 04I SGOA 100008 10 10 04.05.2009 ICRA A+(SO) A-(SO) 12.12.2011
30 12270 8.81% 2019 Tamilnadu Electricity Board 2.00901E+12 04I SGOA 100008 10.08 10.08 08.06.2009 ICRA A+(SO) A-(SO) 12.12.2011
31 12271 13%Sec Red NCDs of Era Infra Engineering Ltd 2.00901E+12 04I OLDB 100070 20 20 05.06.2009 CARE A D 31.12.2013
32 12272 11% Bharati Shipyard Ltd Sec.Rated Red.NCDs of 2.00901E+12 04I OLDB 100070 20 20 09.06.2009 CARE A BB- 28.12.2011
33 12275 10.75% Sec.NCDs -Hindusthan National Glass(1% additional) 2.00901E+12 04I OLDB 100070 25 25 18.06.2009 CARE AA A+ 09.11.2012
34 12276 8.80% -Unsec.NCRed.Sub.Bonds Central Bank-Put call 10 yrs 2.00901E+12 04I OBPT 100065 5 5 23.06.2009 CARE AA A+ 31.12.2013
35 12322 8.40% 2020Tamilnadu Electricity Board 2.00901E+12 04I SGOA 100008 10 10 06.01.2010 ICRA A+(SO) A-(SO) 12.12.2011
36 12368 8.75% Sec.Red.NCD- Tamil Nadu Newsprint& papers 2.00901E+12 04I OLDB 100070 10 10 19.01.2010 ICRA AA- A 31.03.2014
37 12384 11.15% Sec.Red.NCD -Era Infra Engineering Ltd. 2.00901E+12 04I OLDB 100070 10 10 27.02.2010 CARE A D 31.12.2013
38 12391 8.95% Damodar Valley Corporation Sec.Red.Taxable NCD- 2.00901E+12 04I OBPT 100065 5.6 5.6 26.02.2010 CRISIL AA A+ 12.10.2012
39 12391 8.95% Damodar Valley Corporation Sec.Red.Taxable NCD- 2.01001E+12 04I OBPT 100065 15.39 15.39 14.06.2010 CRISIL AA A+ 12.10.2012
40 12394 8.64% TAMIL NADU ELECTRICITY BOARD 10 years(7 year P/C) 2.00901E+12 04I SGOA 100008 10 10 29.03.2010 CARE A+(SO) A-(SO) 12.12.2011
41 12394 8.64% TAMIL NADU ELECTRICITY BOARD 10 years(7 year P/C) 2.00901E+12 04I SGOA 100008 10 10 29.03.2010 CARE A+(SO) A-(SO) 12.12.2011
42 12429 9.50% Gammon India-NCD (Put option-18.6.2017)-2020 2.01001E+12 04I IODS 100100 10 10 18.06.2010 CARE AA B 31.03.2014
43 12429 9.50% Gammon India-NCD (Put option-18.6.2017)-2020 2.01001E+12 04I IODS 100100 10 10 16.11.2010 CARE AA B 31.03.2014
44 12447 9.15% Tata Power Co. Ltd.2020 2.01001E+12 04I IODS 100100 10.15 10.15 04.08.2010 CRISIL AA AA- 31.12.2013
45 12447 9.15% Tata Power Co. Ltd.2020 2.01101E+12 04I IODS 100100 4.86 4.86 05.05.2011 CRISIL AA AA- 31.12.2013
46 12455 9.15% Tata Power 2018 2.01001E+12 04I IODS 100100 10.11 10.11 17.08.2010 CRISIL AA AA- 31.12.2013
47 12493 9% Indian Overseas Bank Upper Tier II NCDs 2026 2.01001E+12 04I OBPT 100065 10 10 10.01.2011 ICRA AA AA- 31.12.2013
48 12515 11.25%Elder Pharma NCDs-2018 2.01001E+12 04I OLDB 100070 10 10 30.03.2011 CARE A+ D 30.06.2013
49 12533 9.15% Tata Power 2019 NCDs - Secured 2.01101E+12 04I IODS 100100 4.88 4.88 05.05.2011 CRISIL AA AA- 31.12.2013
50 12542 10.75% Jindal Saw Ltd. Secured NCD 2.01101E+12 04I OLDB 100070 10.34 10.34 26.05.2011 CARE AA AA- 29.08.2012
51 12542 10.75% Jindal Saw Ltd. Secured NCD 2.01101E+12 04I OLDB 100070 5.17 5.17 27.05.2011 CARE AA AA- 29.08.2012
52 12560 9.35% Union Bank 2018 2.01101E+12 04I EPBT 100039 4.99 4.99 27.06.2011 ICRA AAA AA 28.09.2012
53 12560 9.35% Union Bank 2018 2.01101E+12 04I EPBT 100039 4.99 4.99 28.06.2011 ICRA AAA AA 28.09.2012
54 12577 9.95% Indian Hotels 2021-NCDs Secured 2.01101E+12 04I ECOS 100043 10.13 10.13 18.08.2011 ICRA AA+ AA 14.09.2012
55 12600 10.25% Ashok Leyland 2016 NCDs 2.01101E+12 04I OLDB 100070 10 10 14.10.2011 ICRA AA- A+ 30.09.2013
56 12630 10.10% Indian Hotels 2.01101E+12 04I ECOS 100043 10 10 24.11.2011 CARE AA+ AA 14.09.2012
57 12653 11.40% Lakshmi vilas 2018 (OptionI VII-A) Unsecured 2.01101E+12 04I OLDB 100070 10 10 10.02.2012 FITCH A- BBB+ 31.12.2012
58 12666 10.50% Reliance Infrastructure 2018 Secured 2.01101E+12 04I IODS 100100 25 25 27.01.2012 CRISIL AA+ A+ 30.09.2013
59 12690 9.55% Hindalco Inds.2022 NCDs Secured 2.01201E+12 04I ECOS 100043 10 10 08.05.2012 CRISIL AA+ AA 30.06.2014
60 12690 9.55% Hindalco Inds.2022 NCDs Secured 2.01201E+12 04I ECOS 100043 10 10 23.05.2012 CRISIL AA+ AA 30.06.2014
61 12690 9.55% Hindalco Inds.2022 NCDs Secured 2.01301E+12 04I ECOS 100043 4.89 5 02.01.2014 CRISIL AA+ AA 30.06.2014
62 12704 11.15% Reliance Infrastructure Ltd.2016 -NCDs 2.01201E+12 04I IODS 100100 15.3 15.3 29.06.2012 CRISIL AA+ A+ 30.09.2013
63 12748 9.15% Tata Power 2017-Secured STRPPS_G NCDs 2.01201E+12 04I IODS 100100 9.9 9.9 11.09.2012 CRISIL AA AA- 31.12.2013
64 12779 11.30 SREI INFRASTRUCTURE FIN 2017 2.01201E+12 04I IODS 100100 10 10 07.11.2012 CARE AA AA- 31.12.2013
65 12791 11.25% Cox & Kings Ltd.2016 Secured NCDs 2.01201E+12 04I OLDB 100070 15.27 15.27 11.12.2012 CARE AA AA- 20.02.2013
66 12854 9.40% Tata Power Co.Ltd. 2022 Secured NCD 2.01301E+12 04I IODS 100100 10 10 12.04.2013 CRISIL AA AA- 31.12.2013
67 12905 9.55% HINDALCO INDS.2022 SEC NCD 2.01301E+12 04I ECOS 100043 19.99 20 05.08.2013 CRISIL AA+ AA 30.06.2014
68 12905 9.55% HINDALCO INDS.2022 SEC NCD 2.01301E+12 04I ECOS 100043 9.82 10 06.12.2013 CRISIL AA+ AA 30.06.2014
754.2 802.47
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