-
7/24/2019 creditratingagencies
1/14
-
7/24/2019 creditratingagencies
2/14
-
7/24/2019 creditratingagencies
3/14
Credit RatingsMethodology
Business
Risk Profile
Analysis
Financial
Risk Profile
Analysis
-
7/24/2019 creditratingagencies
4/14
BusinessRisk
Country
Risk
Company
Position
Industry
Factors
Profitability
/ Peer Group
Comparisons
Political Economic Industry Specific factors
Foreign exchange
Industry Trends Industry Structure Market Size ro!th Potential "ompetition "hanging Technology
"ompetiti#e Factors Market position $eys to Success Size %i#ersification Management
&alidation of '"ompany
Position( Trends
)uality of Earnings* +nalytical ad,ustments Peer roup "omparisons
-
7/24/2019 creditratingagencies
5/14
FinancialRisk
Accounting
Cash Flo
Ade!uacy
Go"ernanceRisk
#i!uidity /
$hort%term
Factors
+ccounting -egime -eporting * %isclosure
+nalytical ad,ustments
.!nership
/oard of directors Management practices Financial Strategy -isk Tolerance +ccounting Practices Internal controls
Focus on de0tser#ice capa0ility
+nalytical distinctions !ith
profita0ility "ash flo! measures 1 ratios
.perating sources * uses
.f li2uidity
%e0t "haracteristics /ank credit facilities
-
7/24/2019 creditratingagencies
6/14
CRI$I#&CR'(I) RA)I*G A*( I*F+RMA)I+*
$'R,IC'$ +F I*(IA #)(-.
A global analytical company-
Incorporated in year 012-
Pro"ides ratings research and policy ad"isory ser"ices-
CRI$I# is India3s leading rating agency4 and is the fourth largest in
the orld-
+fferings%real )imenes4 Analysed data 4 incisi"e insights 5 opinions
5e6pert ad"ice-
$o far CRI$I# has 78888 debt instruments co"ering the entire debt
market-
-
7/24/2019 creditratingagencies
7/14
('B) +B#IGA)I+*$ RA)'( B9 CRI$I#
I*C#:('
-
7/24/2019 creditratingagencies
8/14
F:*C)I+*$ +F CRI$I#
-
7/24/2019 creditratingagencies
9/14
CRI$I# #+*G )'RM RA)I*G $CA#'
-
7/24/2019 creditratingagencies
10/14
CRI$I# $;+R) )'RM RA)I*G $CA#'
-
7/24/2019 creditratingagencies
11/14
ICRA as set up by IFCI on ed share capital of rs-8crores4 rs- ? crores is paid up- )o pro"ide information 5 guidance to in"estors-
ICRA@$ ma=or shareholders IFCI &
-
7/24/2019 creditratingagencies
12/14
ICRA #+*G )'RM RA)I*G $CA#'
-
7/24/2019 creditratingagencies
13/14
-
7/24/2019 creditratingagencies
14/14