Credit Rating Agencies- company that assigns credit ratings, which rate a debtor's ability to pay back debt by making timely principal and interest payments and the likelihood of default.
This document summarizes a study on non-performing assets (NPAs) in the Indian banking system. It includes:
1) An introduction to NPAs and the need to study them, as high NPAs affect bank profitability and credit ratings.
2) A literature review of two previous studies that found a sharp rise in NPAs negatively impacted bank health and that NPAs are a key indicator of banking industry performance.
3) An analysis of 5 years of NPA and profitability data for several public and private sector banks that showed an inverse correlation between the two.
4) Statistical tests that found a significant difference between NPA levels of public vs. private banks and a significant relationship between NPA
Ratio Analysis of IPCA Laboratories.pptxVishal Doke
This document analyzes various financial metrics and ratios for Ipca Laboratories over several fiscal years from 2017 to 2021. It shows that most of Ipca's profitability, liquidity, solvency, and valuation ratios improved over this period and exceeded industry standards. For example, the operating profit margin grew from 8.86% in 2017 to 25.5% in 2021. Current and quick ratios remained healthy, consistently above 2 and 1 respectively, indicating good liquidity. Debt-to-equity ratios declined from 0.14 to 0.01, showing increasing financial strength. The proprietary ratio of owners' funds to total assets also increased steadily, reaching 77.72% in 2021.
Financial Statement Analysis and Valuation of Berger Paints Bangladesh LimitedPantho Sarker
This document provides a valuation report of Berger Paints Bangladesh Limited. It begins with an overview of the company, its business description, strategies, vision, mission and objectives. It then discusses the economic conditions and growth prospects in Bangladesh. Next, it analyzes Berger Paint's industry, competitors, SWOT analysis, and distribution network. It provides details on Berger Paint's capacity, production, growth and margins. The valuation section outlines the intrinsic value of Berger Paints using different models and recommends the stock as undervalued. It also discusses challenges in valuation and provides a detailed valuation analysis following principles of parsimony.
This document provides information about RAK Ceramics (Bangladesh) Limited, including its establishment, market share, ownership structure, subsidiaries, CSR activities, and financial ratio analyses comparing 2013 and 2014. The ratio analyses show the company had higher liquidity but lower profitability in 2014 compared to 2013. The P/E ratio and CAPM calculation also indicate the stock may have higher risk but potential for higher return.
The document is a project report submitted for a B.Com degree. It includes an introduction, acknowledgements, supervisor's certificate, student declaration, index, and the beginning of several chapters. The introduction provides background on the analysis of Nestle India and Engro Foods, the objectives of analyzing their financial ratios, and the methodology used. It will analyze annual reports, financial statements, and calculate various financial ratios to evaluate the financial position and performance of the two companies.
JK Tyre is a leading Indian tyre manufacturer with a global presence. It has 12 manufacturing plants globally with an annual capacity of 32 million tyres. JK Tyre has a wide product portfolio catering to commercial vehicles, passenger vehicles, and two and three wheelers. It is focusing on growing its share in the profitable truck and passenger radial segments as radialization continues in the Indian market. JK Tyre has a global manufacturing and distribution footprint through its plants in India and Mexico and marketing hubs worldwide.
This document summarizes a study on non-performing assets (NPAs) in the Indian banking system. It includes:
1) An introduction to NPAs and the need to study them, as high NPAs affect bank profitability and credit ratings.
2) A literature review of two previous studies that found a sharp rise in NPAs negatively impacted bank health and that NPAs are a key indicator of banking industry performance.
3) An analysis of 5 years of NPA and profitability data for several public and private sector banks that showed an inverse correlation between the two.
4) Statistical tests that found a significant difference between NPA levels of public vs. private banks and a significant relationship between NPA
Ratio Analysis of IPCA Laboratories.pptxVishal Doke
This document analyzes various financial metrics and ratios for Ipca Laboratories over several fiscal years from 2017 to 2021. It shows that most of Ipca's profitability, liquidity, solvency, and valuation ratios improved over this period and exceeded industry standards. For example, the operating profit margin grew from 8.86% in 2017 to 25.5% in 2021. Current and quick ratios remained healthy, consistently above 2 and 1 respectively, indicating good liquidity. Debt-to-equity ratios declined from 0.14 to 0.01, showing increasing financial strength. The proprietary ratio of owners' funds to total assets also increased steadily, reaching 77.72% in 2021.
Financial Statement Analysis and Valuation of Berger Paints Bangladesh LimitedPantho Sarker
This document provides a valuation report of Berger Paints Bangladesh Limited. It begins with an overview of the company, its business description, strategies, vision, mission and objectives. It then discusses the economic conditions and growth prospects in Bangladesh. Next, it analyzes Berger Paint's industry, competitors, SWOT analysis, and distribution network. It provides details on Berger Paint's capacity, production, growth and margins. The valuation section outlines the intrinsic value of Berger Paints using different models and recommends the stock as undervalued. It also discusses challenges in valuation and provides a detailed valuation analysis following principles of parsimony.
This document provides information about RAK Ceramics (Bangladesh) Limited, including its establishment, market share, ownership structure, subsidiaries, CSR activities, and financial ratio analyses comparing 2013 and 2014. The ratio analyses show the company had higher liquidity but lower profitability in 2014 compared to 2013. The P/E ratio and CAPM calculation also indicate the stock may have higher risk but potential for higher return.
The document is a project report submitted for a B.Com degree. It includes an introduction, acknowledgements, supervisor's certificate, student declaration, index, and the beginning of several chapters. The introduction provides background on the analysis of Nestle India and Engro Foods, the objectives of analyzing their financial ratios, and the methodology used. It will analyze annual reports, financial statements, and calculate various financial ratios to evaluate the financial position and performance of the two companies.
JK Tyre is a leading Indian tyre manufacturer with a global presence. It has 12 manufacturing plants globally with an annual capacity of 32 million tyres. JK Tyre has a wide product portfolio catering to commercial vehicles, passenger vehicles, and two and three wheelers. It is focusing on growing its share in the profitable truck and passenger radial segments as radialization continues in the Indian market. JK Tyre has a global manufacturing and distribution footprint through its plants in India and Mexico and marketing hubs worldwide.
Financial Statement Analysis of Dabur India Limited IndranilMondal19
This document presents a financial statement analysis of Dabur India Ltd. It includes:
1) Assumptions for forecasting key financial metrics like sales, costs, debt repayment, and tax rates.
2) Forecasts and charts showing trends for metrics like EBITDA and PAT margins, debt-to-equity ratio, interest coverage ratio, and earnings per share through 2023.
3) An overview of Dabur's business model including its product portfolio, overseas acquisitions, sales breakdown, and details on its beauty retail store brand NewU.
4) Pie charts showing the breakdown of shareholding and an note on predictions for Dabur's share price to reach 500 in the
This document provides an investment recommendation for Mazda Ltd stock for April 2012. It summarizes Mazda's business operations, financial performance, and valuation. Mazda operates an engineering division that designs vacuum and evaporator systems, as well as a small foods division. Despite economic challenges, Mazda has grown revenues by 10-15% annually and maintained high profit margins and returns on equity. The document recommends buying Mazda stock within a price range, noting the company's strong cash position, profitable operations, and conservative management.
A Comparative Study on Working Capital Management of Tata Motors Limited and ...Dr. Amarjeet Singh
The automobile industry in India is one of the speedily growing industry. Working Capital Management is important in this industry due to increasing demand and huge investment in this sector requires proper management. Working Capital Management perform a vital role in the success and failure of a business due to its effect on the performance and liquidity. Thereby this study has been undertaken to Comparative analyse working capital management of Tata Motors Limited and Maruti Suzuki India Limited for the period of seven years from 2013-14 to 2019-20. In this study three objectives are set for research. The first one was to assess the impact of working capital on sales, second was to assess the impact of working capital on profitability and third was to evaluate the working capital performance of the companies under study through the use of various financial ratios. The study reflects that the efficiency of working capital management of the companies is influenced by the Liquidity Ratios, Debtor Turnover Ratio, Inventory Turnover Ratio and profitability Ratio.
RAK & Shinepukur Ceramics Working-Capital Structure.Farabi Ahmed
This document is a report on the working capital management efficiency of two ceramics companies in Bangladesh - RAK Ceramics Limited and Shinepukur Ceramics Limited. It begins with an introduction explaining the importance of working capital management and providing background on the ceramics industry in Bangladesh. It then reviews relevant literature on working capital management and its impact. The report aims to evaluate and compare the working capital policies and practices of the two selected companies. It analyzes data on components of working capital like inventory, receivables, payables and evaluates the working capital investment and financing policies of the companies. The findings and conclusions drawn from the analysis are presented.
Dabur India Limited is the fourth largest FMCG company in India with over Rs 6,146 crore in revenues. The company operates in key consumer product categories like hair care, oral care, health care, skin care, home care, and foods. This document analyzes various profitability, liquidity, turnover, and solvency ratios of Dabur India Limited from 2009-2013. The analysis shows that Dabur has good profitability and liquidity positions. Some ratios like inventory and debtors turnover were better in 2009-2010. The company's capital structure was inadequate as the long-term debt equity ratio did not meet standards.
Financial rario analysis of square pharmaceutical limitedEnamul Islam
This document analyzes the financial ratios of Square Pharmaceuticals Ltd. for 2013-14 and 2014-15. The author calculates key ratios such as current ratio, quick ratio, net profit margin, return on assets, return on equity, inventory turnover, days sales outstanding, fixed asset turnover, total asset turnover, and debt to assets. For most ratios, the 2014-15 values showed improvement over 2013-14, indicating stronger liquidity, asset management, profitability, and debt management. The document concludes that Square Pharmaceuticals has been the leading pharmaceutical company in Bangladesh since 1985 and is becoming a global player.
Financing decisions and analysis of monno ceramicKowshick Ahmed
This term paper summarizes the financing decisions and analysis of Monno Ceramic Industries Limited (MONNOCERA). It discusses the company's history, vision, mission, and the nature of its financing, which includes equity financing through share capital and revenue reserves, as well as debt financing through liabilities. The paper analyzes MONNOCERA's debt-equity ratio from 2010 to 2014, shareholders' equity, non-current liabilities and changes, and stock price trends over that period.
Working capital, also known as net working capital(NWC), is the difference between a company's current assets, such as cash, accounts receivable(customer;s unpaid bills) and inventories of raw materials and finished goods, and its current liabilities, such as accounts payable.
Honda Motor Company achieved virtually all of the goals they set in their three-year mid-term business plan to "make 20 million customers happy" and grow in all business segments. Their annual report provides financial statements and notes for the fiscal year ending March 31, 2005, showing increases in gross profit, income from operations, and net income compared to the previous fiscal year. Key notes include accounting policies, translation of financial statements, receivables, inventories, debt, taxes, pensions, and investments in affiliates.
DEEPAK NITRITE LIMITED Company Profile | Research Cosmos srisaihyp
The report DEEPAK NITRITE LIMITED Company Profile is a detailed document covered company’s Overview, History, SWOT Analysis, Products/Services, Facts, Financials, Key Executives, Competitors, Tech Intelligence, IT Outsourcing, IT Management, Recent Developments and Strategy Evaluation.
Avail Sample of the report for more information @
https://www.researchcosmos.com/request/deepak-nitrite-limited-company-profile-overview-history-swot-analysis-products-services-facts-financ/4604510
The document discusses Hindalco's acquisition of Novelis, an aluminum sheet producer. This acquisition will help Hindalco capture a larger portion of the aluminum value chain by adding higher value-added rolled aluminum products. It will significantly increase Hindalco's balance sheet, as Novelis' turnover is nearly three times that of Hindalco. Hindalco must ensure the profitability of Novelis is improved, arrange financing for the large debt from the acquisition, and ensure this does not hinder other expansion plans. If successful, Hindalco will be one of the largest metal companies in the world along with Tata Steel.
The document analyzes Unilever's common size financial statements for 2010 and 2011. It finds that Unilever's net profit was similar in 2010 compared to 2009 but decreased slightly in 2011. The analysis of the common size balance sheet finds that non-current assets increased from 2010 to 2011 while current assets decreased, and non-current liabilities increased while current liabilities also rose. Equity decreased in 2011 as shareholder equity for Unilever declined. In conclusion, the common size statements help analyze Unilever's performance and profit areas for shareholders over the two years.
Company analysis of asian paint and berger paintJeetu Matta
This document provides an analysis of Asian Paints and Berger Paints, two major paint companies in India. It begins with objectives of understanding fundamentals of paint companies and how to analyze them both qualitatively and quantitatively. It then discusses key qualitative factors like competitive advantage and management. It outlines steps for conducting a company analysis including researching methods and supporting findings with statistics. The document proceeds to individually analyze Asian Paints and Berger Paints, providing history, financial statements, market share and ratio analyses. It concludes with a comparison of the two companies across various financial ratios.
Ratios Analysis, Pro Forma Statements, Projected Cash flows of Proposed Project, Net Present Value, Internal Rate of Return, Payback Period, Discounted Payback Period, Break Even Analysis, Scenario Analysis, As-if Analysis
This document provides an annual report for the years 2011-2012. It includes highlights such as net revenue from operations increasing 25.7% to Rs. 7964.2 crores and EBITDA increasing 21.2% to Rs. 1493.2 crores. Capacity was expanded at the Rohtak plant. The Board of Directors recommended a final dividend of Rs. 30.5 per share. Consolidated gross revenue crossed Rs. 10,000 crores for the group. The report also includes 10-year reviews of financial results, capital accounts, and ratios.
Financial trend analysis is based on income statement and balance sheet of the company.
For the analysis i have taken the data of 2013-2015. and calculate the ratios and also describing them and comparing them by putting into graphs.
The document analyzes various profitability and stability ratios for a business between 2011 and 2012. It shows that most ratios improved over this period, indicating better profitability and control of expenses. However, total debt and interest coverage ratios decreased slightly. Appendices include the P/E ratio, an investment recommendation, and profit/loss and balance sheets for 2011-2012. The recommendation is not to invest due to the high P/E ratio requiring a long time to recoup the principal.
Acrysil Ltd is an Indian company that manufactures premium composite quartz and granite kitchen sinks. It is the largest kitchen sink manufacturer in India that is not focused on steel sinks. Around 85% of Acrysil's sales currently come from exports but the company aims to increase domestic Indian sales to 30% of total sales over the next couple years. Acrysil has aggressively expanded production capacity over the last 5 years and is considering further expansion to meet growing demand. The company uses unique manufacturing processes and materials like quartz to produce high-quality, scratch-resistant sinks and has been growing sales through both volume increases and price increases.
This document discusses credit rating agencies and their role and methodology. It provides an overview of the major credit rating agencies in India - CRISIL, ICRA, CARE, ONICRA, and Fitch - and their objectives to provide unbiased credit ratings to help restore confidence in the capital markets. It also outlines the various factors that credit rating agencies consider when assigning ratings, such as a company's history, accounting practices, business fundamentals, liquidity, management quality, asset quality, profitability, and capital structure. The methodology aims to assess the relative ability of companies to repay debt obligations.
Credit ratings are evaluations provided by credit rating agencies of a debtor's ability to pay back debt. They use alphanumeric symbols to indicate the likelihood of default, with higher ratings indicating lower risk. Ratings are determined based on the agency's analysis of financial information and risk factors rather than mathematical formulas. The main objectives of credit ratings are to provide investors information to evaluate risk-return tradeoffs and encourage greater transparency from companies. Popular credit rating agencies in India include CRISIL, ICRA, CARE, and Fitch while the largest globally are Moody's, S&P, and Fitch. High ratings can benefit companies through lower borrowing costs and improved corporate image.
Financial Statement Analysis of Dabur India Limited IndranilMondal19
This document presents a financial statement analysis of Dabur India Ltd. It includes:
1) Assumptions for forecasting key financial metrics like sales, costs, debt repayment, and tax rates.
2) Forecasts and charts showing trends for metrics like EBITDA and PAT margins, debt-to-equity ratio, interest coverage ratio, and earnings per share through 2023.
3) An overview of Dabur's business model including its product portfolio, overseas acquisitions, sales breakdown, and details on its beauty retail store brand NewU.
4) Pie charts showing the breakdown of shareholding and an note on predictions for Dabur's share price to reach 500 in the
This document provides an investment recommendation for Mazda Ltd stock for April 2012. It summarizes Mazda's business operations, financial performance, and valuation. Mazda operates an engineering division that designs vacuum and evaporator systems, as well as a small foods division. Despite economic challenges, Mazda has grown revenues by 10-15% annually and maintained high profit margins and returns on equity. The document recommends buying Mazda stock within a price range, noting the company's strong cash position, profitable operations, and conservative management.
A Comparative Study on Working Capital Management of Tata Motors Limited and ...Dr. Amarjeet Singh
The automobile industry in India is one of the speedily growing industry. Working Capital Management is important in this industry due to increasing demand and huge investment in this sector requires proper management. Working Capital Management perform a vital role in the success and failure of a business due to its effect on the performance and liquidity. Thereby this study has been undertaken to Comparative analyse working capital management of Tata Motors Limited and Maruti Suzuki India Limited for the period of seven years from 2013-14 to 2019-20. In this study three objectives are set for research. The first one was to assess the impact of working capital on sales, second was to assess the impact of working capital on profitability and third was to evaluate the working capital performance of the companies under study through the use of various financial ratios. The study reflects that the efficiency of working capital management of the companies is influenced by the Liquidity Ratios, Debtor Turnover Ratio, Inventory Turnover Ratio and profitability Ratio.
RAK & Shinepukur Ceramics Working-Capital Structure.Farabi Ahmed
This document is a report on the working capital management efficiency of two ceramics companies in Bangladesh - RAK Ceramics Limited and Shinepukur Ceramics Limited. It begins with an introduction explaining the importance of working capital management and providing background on the ceramics industry in Bangladesh. It then reviews relevant literature on working capital management and its impact. The report aims to evaluate and compare the working capital policies and practices of the two selected companies. It analyzes data on components of working capital like inventory, receivables, payables and evaluates the working capital investment and financing policies of the companies. The findings and conclusions drawn from the analysis are presented.
Dabur India Limited is the fourth largest FMCG company in India with over Rs 6,146 crore in revenues. The company operates in key consumer product categories like hair care, oral care, health care, skin care, home care, and foods. This document analyzes various profitability, liquidity, turnover, and solvency ratios of Dabur India Limited from 2009-2013. The analysis shows that Dabur has good profitability and liquidity positions. Some ratios like inventory and debtors turnover were better in 2009-2010. The company's capital structure was inadequate as the long-term debt equity ratio did not meet standards.
Financial rario analysis of square pharmaceutical limitedEnamul Islam
This document analyzes the financial ratios of Square Pharmaceuticals Ltd. for 2013-14 and 2014-15. The author calculates key ratios such as current ratio, quick ratio, net profit margin, return on assets, return on equity, inventory turnover, days sales outstanding, fixed asset turnover, total asset turnover, and debt to assets. For most ratios, the 2014-15 values showed improvement over 2013-14, indicating stronger liquidity, asset management, profitability, and debt management. The document concludes that Square Pharmaceuticals has been the leading pharmaceutical company in Bangladesh since 1985 and is becoming a global player.
Financing decisions and analysis of monno ceramicKowshick Ahmed
This term paper summarizes the financing decisions and analysis of Monno Ceramic Industries Limited (MONNOCERA). It discusses the company's history, vision, mission, and the nature of its financing, which includes equity financing through share capital and revenue reserves, as well as debt financing through liabilities. The paper analyzes MONNOCERA's debt-equity ratio from 2010 to 2014, shareholders' equity, non-current liabilities and changes, and stock price trends over that period.
Working capital, also known as net working capital(NWC), is the difference between a company's current assets, such as cash, accounts receivable(customer;s unpaid bills) and inventories of raw materials and finished goods, and its current liabilities, such as accounts payable.
Honda Motor Company achieved virtually all of the goals they set in their three-year mid-term business plan to "make 20 million customers happy" and grow in all business segments. Their annual report provides financial statements and notes for the fiscal year ending March 31, 2005, showing increases in gross profit, income from operations, and net income compared to the previous fiscal year. Key notes include accounting policies, translation of financial statements, receivables, inventories, debt, taxes, pensions, and investments in affiliates.
DEEPAK NITRITE LIMITED Company Profile | Research Cosmos srisaihyp
The report DEEPAK NITRITE LIMITED Company Profile is a detailed document covered company’s Overview, History, SWOT Analysis, Products/Services, Facts, Financials, Key Executives, Competitors, Tech Intelligence, IT Outsourcing, IT Management, Recent Developments and Strategy Evaluation.
Avail Sample of the report for more information @
https://www.researchcosmos.com/request/deepak-nitrite-limited-company-profile-overview-history-swot-analysis-products-services-facts-financ/4604510
The document discusses Hindalco's acquisition of Novelis, an aluminum sheet producer. This acquisition will help Hindalco capture a larger portion of the aluminum value chain by adding higher value-added rolled aluminum products. It will significantly increase Hindalco's balance sheet, as Novelis' turnover is nearly three times that of Hindalco. Hindalco must ensure the profitability of Novelis is improved, arrange financing for the large debt from the acquisition, and ensure this does not hinder other expansion plans. If successful, Hindalco will be one of the largest metal companies in the world along with Tata Steel.
The document analyzes Unilever's common size financial statements for 2010 and 2011. It finds that Unilever's net profit was similar in 2010 compared to 2009 but decreased slightly in 2011. The analysis of the common size balance sheet finds that non-current assets increased from 2010 to 2011 while current assets decreased, and non-current liabilities increased while current liabilities also rose. Equity decreased in 2011 as shareholder equity for Unilever declined. In conclusion, the common size statements help analyze Unilever's performance and profit areas for shareholders over the two years.
Company analysis of asian paint and berger paintJeetu Matta
This document provides an analysis of Asian Paints and Berger Paints, two major paint companies in India. It begins with objectives of understanding fundamentals of paint companies and how to analyze them both qualitatively and quantitatively. It then discusses key qualitative factors like competitive advantage and management. It outlines steps for conducting a company analysis including researching methods and supporting findings with statistics. The document proceeds to individually analyze Asian Paints and Berger Paints, providing history, financial statements, market share and ratio analyses. It concludes with a comparison of the two companies across various financial ratios.
Ratios Analysis, Pro Forma Statements, Projected Cash flows of Proposed Project, Net Present Value, Internal Rate of Return, Payback Period, Discounted Payback Period, Break Even Analysis, Scenario Analysis, As-if Analysis
This document provides an annual report for the years 2011-2012. It includes highlights such as net revenue from operations increasing 25.7% to Rs. 7964.2 crores and EBITDA increasing 21.2% to Rs. 1493.2 crores. Capacity was expanded at the Rohtak plant. The Board of Directors recommended a final dividend of Rs. 30.5 per share. Consolidated gross revenue crossed Rs. 10,000 crores for the group. The report also includes 10-year reviews of financial results, capital accounts, and ratios.
Financial trend analysis is based on income statement and balance sheet of the company.
For the analysis i have taken the data of 2013-2015. and calculate the ratios and also describing them and comparing them by putting into graphs.
The document analyzes various profitability and stability ratios for a business between 2011 and 2012. It shows that most ratios improved over this period, indicating better profitability and control of expenses. However, total debt and interest coverage ratios decreased slightly. Appendices include the P/E ratio, an investment recommendation, and profit/loss and balance sheets for 2011-2012. The recommendation is not to invest due to the high P/E ratio requiring a long time to recoup the principal.
Acrysil Ltd is an Indian company that manufactures premium composite quartz and granite kitchen sinks. It is the largest kitchen sink manufacturer in India that is not focused on steel sinks. Around 85% of Acrysil's sales currently come from exports but the company aims to increase domestic Indian sales to 30% of total sales over the next couple years. Acrysil has aggressively expanded production capacity over the last 5 years and is considering further expansion to meet growing demand. The company uses unique manufacturing processes and materials like quartz to produce high-quality, scratch-resistant sinks and has been growing sales through both volume increases and price increases.
This document discusses credit rating agencies and their role and methodology. It provides an overview of the major credit rating agencies in India - CRISIL, ICRA, CARE, ONICRA, and Fitch - and their objectives to provide unbiased credit ratings to help restore confidence in the capital markets. It also outlines the various factors that credit rating agencies consider when assigning ratings, such as a company's history, accounting practices, business fundamentals, liquidity, management quality, asset quality, profitability, and capital structure. The methodology aims to assess the relative ability of companies to repay debt obligations.
Credit ratings are evaluations provided by credit rating agencies of a debtor's ability to pay back debt. They use alphanumeric symbols to indicate the likelihood of default, with higher ratings indicating lower risk. Ratings are determined based on the agency's analysis of financial information and risk factors rather than mathematical formulas. The main objectives of credit ratings are to provide investors information to evaluate risk-return tradeoffs and encourage greater transparency from companies. Popular credit rating agencies in India include CRISIL, ICRA, CARE, and Fitch while the largest globally are Moody's, S&P, and Fitch. High ratings can benefit companies through lower borrowing costs and improved corporate image.
Credit rating agencies provide independent ratings of issuers' ability to repay their debts. The document discusses major international and Indian credit rating agencies such as Moody's, S&P, CRISIL, ICRA, CARE, and others. It defines credit ratings, explains different rating scales, and provides brief histories of the large agencies. Major services of agencies include rating government bonds, corporate bonds, and other debt instruments in both domestic and international markets.
Credit ratings are issued by agencies to indicate an issuer's ability to meet debt obligations. The top agencies in India are CRISIL, ICRA, CARE, and SMERA. CRISIL was jointly established in 1987 and provides ratings, information services and consulting. ICRA was promoted in 1991 and offers ratings and advisory services. CARE was incorporated in 1992 by banks and insurers. SMERA focuses on rating small and medium enterprises and was established in 2005. The rating process involves a request, data collection, analysis, management meetings, committee review, and annual re-evaluations.
Credit rating agencies evaluate the creditworthiness of individuals, corporations, and countries to assess their ability to repay debt and likelihood of default. The major credit rating agencies in India are CRISIL, ICRA, CARE, DCR India, ONICRA, and SMERA. Credit ratings provide benefits to both investors and rated companies by reducing information costs and encouraging financial discipline. However, credit ratings also have limitations such as potential bias and differences in ratings between agencies.
Credit rating agencies evaluate the creditworthiness of individuals, corporations, and countries to assess their ability to repay debt and likelihood of default. The major credit rating agencies in India are CRISIL, ICRA, CARE, DCR India, ONICRA, and SMERA. Credit ratings provide benefits to both investors and rated companies by reducing information costs and encouraging financial discipline. However, credit ratings also have limitations such as potential bias and improper disclosure.
Credit analysis is the evaluation of a company's ability to repay its financial obligations. There are four major credit rating agencies in India: CRISIL, ICRA, CARE, and FITCH India. CARE Ratings is the second largest agency, rating debt worth Rs. 68.08 lakh crore. CARE provides credit ratings for various debt instruments, as well as advisory, information, and equity research services. The rating methodology involves analyzing industry, business, financial, and management risks to assess creditworthiness. Ratings use symbols like AAA to C to indicate the degree of certainty of timely repayment.
Risk and Credit Rating Agencies - Fundamentals of InvestmentMehulNamdev1
What is the Default risk? What is Credit Rating? What is the role of Credit rating Agencies? These questions should be taken into consideration at the time of the investment process.
This document discusses credit ratings and the credit rating agencies in India. It provides background on what credit ratings are, who provides them, and who regulates the agencies. It then gives details on the major credit rating agencies in India, including CRISIL, ICRA, CARE, SMERA, and Brickwork Ratings. It explains their rating scales and methodology. The objectives and benefits of credit ratings for both investors and companies are also outlined.
This presentation is on Credit rating agencies in India. here I presents it's origin, importants, benefits, objectives, need and about different rating agencies.
International Finance after the sanction for Iranian companiesmolavipeyman
One of the biggest problem for Iranian entity in international finance was the sanctions, the sanctions after Joint Comprehensive Plan of Action JCPA in 14th of july Iranian companies must facilitate themselves with the initials of International finance.
first step: getting international credit rate.
Second step: preparation of International Annual Report
Third Step: Bankable BP & FS
This document discusses credit ratings. It begins by defining credit ratings as assessments of creditworthiness based on borrowing history and financial information. It then outlines the different types of ratings and the rating process. The rating process involves analyzing factors like the economy, business, management, and finances. It also lists the major credit rating agencies in India - CRISIL, ICRA, CARE, ONICRA - and provides details on each one. Finally, it discusses who uses credit ratings like investors, regulators, and issuers, and notes some disadvantages of credit ratings.
Credit ratings are opinions on the likelihood that a borrower will repay their debt. They are issued by independent rating agencies and help investors assess risk. The document discusses the history and role of credit ratings in India, provided by agencies such as CRISIL, the largest domestic rating agency. It outlines CRISIL's ratings scales and process for long-term and short-term instruments, corporate issuers, real estate projects, and developers.
This document summarizes information about credit ratings and credit rating agencies. It discusses that credit ratings are assessments of creditworthiness that are based on financial history and assets/liabilities. Credit rating agencies assign code ratings that indicate the probability of being able to repay loans, with poorer ratings corresponding to higher risk of default and interest rates. Major Indian credit rating agencies are discussed, including CRISIL, ICRA, and CARE. The roles, methodologies, symbols, and limitations of credit rating agencies are also outlined.
Credit rating agencies rate large borrowers like companies and governments on their ability to repay debt. They analyze complex data and provide easily understandable ratings. The key functions of credit rating agencies in India are:
1. Providing low cost information to investors on risk.
2. Helping with risk and return management by informing on risk associated with debt instruments.
3. Assisting in public policy formulation by judging eligibility of securities.
4. Delivering superior information through trained staff and access to private information.
5. Enhancing corporate image through better credit ratings.
The major credit rating agencies in India are CRISIL, ICRA, and CARE. CRISIL and ICR
credit rating meaning
origin of credit rating agency
importance, benefits,objectives, needs
credit rating agency in India . Items rated
CRISIL rating symbols for long term and short term instruments
The document provides an overview of credit ratings and the credit rating agencies in India. It discusses that credit rating agencies provide objective analyses and independent assessments of companies and countries to evaluate their creditworthiness for investors. The major credit rating agencies in India are CRISIL, ICRA, CARE, and Fitch. CRISIL and ICRA are the largest and oldest credit rating agencies established in 1987 and 1991 respectively. The document also outlines the typical credit rating scales used by the agencies to communicate their credit risk assessments.
Credit rating is an analysis of the credit risks associated with a financial instrument or a financial entity. It is a rating given to a particular entity based on the credentials and the extent to which the financial statements of the entity are sound, in terms of borrowing and lending that has been done in the past.
It covers an introduction to the concept of Credit rating. Further, understand the importance of Credit rating.it ends up summing the information of Credit Agencies operational in India
Credit Risk Management on Bank of Baroda.docxVishal Doke
This document provides information about a study on credit risk management conducted by Mr. Vishal Vijay Doke for his Master of Management Studies degree from the University of Mumbai under the guidance of Prof. Sangram Jagtap. The document includes declarations by the candidate and guide, as well as sections on the introduction, conceptual background, literature review, research methodology, data analysis, findings, and conclusion. The focus of the study is on analyzing credit risk management practices at Bank of Baroda.
The document presents an analysis of Argentina covering political, economic, social, technological, legal and environmental factors (PESTLE). A group of students conducted the analysis under the guidance of Dr. Deepali Mishra. It includes details of Argentina's stable government, presidential power, reliance on international policies, and foreign policy under political factors. It also provides a country risk analysis of Argentina from Coface and Credendo, noting ratings of C for country and B for business climate from Coface, and high political risk of 6 and highest commercial risk of C from Credendo.
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3. CREDIT RATING
A credit rating is an evaluation of the
credit risk of a prospective debtor,
predicting their ability to pay back the
debt, and an implicit forecast of the
likelihood of the debtor defaulting.
4. CREDIT RATING
AGENCIES
• A company which rates the debtors
on their ability to pay back the debt
in a timely manner.
7. To
Company
To
Investors
• Improve corporate image
• Good for non popular
companies
• Act as a marketing tool
• Easy to raise resource
• Helps in growth and
expansion
• Helps in investment decision
• Easy understanding of
investment proposal
• Dependable credibility of
issuer
BENEFITS
9. MOODY’S
Moody's Corporation is an American
financial services company that acts
as the holding company for Moody's
Investors Service and Moody's
Analytics.
It was founded by John Moody in 1909.
10. MOODY'S CREDIT RATING AGENCY SCALE
LONG TERM SHORT TERM
AAA
P1
INVESTMENT
GRADE
AA1
AA2
A1
P2
A2
A3
BAA1
BAA2
P3
BAA3
BA1
NON INVESTMENT
GRADE
BA2
BA3
B1
NP
B2
B3
CAA1
CAA2
CAA3
CA
C
11. Standard & Poor's
S&P Global Inc. is an American publicly
traded corporation headquartered in
Manhattan, New York City. Its primary
areas of business are financial
information and analytics.
It was founded by James H. McGraw.
12. S&P'S CREDIT RATING AGENCY SCALE
LONG & SHORT TERM
AAA
INVESTMENT GRADE
AA
A
BBB
BB
SPECULATIVE GRADE
B
CCC
CC
NON INVESTMENT
GRADE
C
D
13. FITCH RATINGS
Fitch Group is a global leader in
financial information services
that rates the viability of investments
relative to the likelihood of default with
operations in more than 30 countries.
It was founded by John Knowles Fitch.
14. FITCH'S CREDIT RATING SCALE
LONG & SHORT TERM
AAA
INVESTMENT GRADE
AA
A
BBB
BB
NON INVESTMENT GRADE
B
CCC
CC
C
RD
D
16. CRISIL
Credit Rating Information Services of
India Limited.
CRISIL is an Indian analytical company
providing ratings, research, and risk
and policy advisory services and is a
subsidiary of American company S&P
Global.
It was founded in 1987.
17. CRISIL CREDIT RATING SCALE IN INDIA
SAFETY LEVEL LONG TERM SHORT TERM
HIGHEST SAFETY AAA A1
INVESTMENT
GRADE
HIGH SAFETY AA
A2
ADEQUATE SAFETY A
MODERATE SAFETY BBB
A3
INADEQUATE SAFETY BB
NON-
INVESTMENT
GRADE
HIGH RISK BBB
A4
SUBSTANCIAL RISK C
DEFAULT D / SD D / SD
18. ICRA
Investment Information and Credit
Rating Agency.
ICRA Limited is an Indian independent
and professional investment
information and credit rating agency.
It was established in 1991.
19. ICRA LONG TERM DEBT INSTRUMENTS
RATING SYMBOL
SYMBOL SAFETY LEVEL
L AAA HIGHEST SAFETY
L AA HIGH SAFETY
L A ADEQUATE SAFETY
L BBB MODERATE SAFETY
L BB INADEQUATE SAFETY
L B HIGH RISK
L C SUBSTANCIAL RISK
L D DEFAULT
ICRA MEDIUM TERM INSTRUMENTS
(including FD & COD)
SYMBOL SAFETY LEVEL
M AAA HIGHEST SAFETY
M AA HIGH SAFETY
M A ADEQUATE SAFETY
M B INADEQUATE SAFETY
M C HIGH RISK
M D DEFAULT
ICRA SHORT TERM INSTRUMENTS
RATING SYMBOLS
(including COMMERCIAL PAPERS)
SYMBOL SAFETY LEVEL
A1 HIGHEST SAFETY
A2 HIGH SAFETY
A3 ADEQUATE SAFETY
A4
INADEQUATE
SAFETY
A5 DEFAULT
20. CARE
Credit Analysis and Research Limited.
Care Ratings has emerged as the
leading agency for covering many
rating segments including
manufacturing, infrastructure, financial
sector including banks, non-financial
services, among others.
It was established in 1993.
21. CARE LONG TERM & MEDIUM TERM
INSTRUMENT RATINGS SYMBOLS
SYMBOL SAFETY LEVEL
CARE AAA HIGHEST SAFETY
CARE AA HIGH SAFETY
CARE A ADEQUATE SAFETY
CARE BBB MODERATE SAFETY
CARE BB INADEQUATE SAFETY
CARE B HIGH RISK
CARE C SUBSTANCIAL RISK
CARE D DEFAULT
CARE SHORT TERM INSTRUMENTS
RATING SYMBOLS
SYMBOL SAFETY LEVEL
PR1 HIGHEST SAFETY
PR2 HIGH SAFETY
PR3 ADEQUATE SAFETY
PR4 INADEQUATE SAFETY
PR5 DEFAULT
22. India Rating and Research Pvt. Ltd
India Ratings and Research Pvt Ltd is a
securities rating agency. The Company
maintains coverage of corporate
issuers, financial institutions, which
includes banks and insurance
companies.
Subsidiary of the Fitch Group.
It was established in 2007.
23. Long Term
Debt
Instruments
Short Term Structured
Finance Instruments Long Term Credit
Enhanced
Instruments
Short Term
Credit
Enhanced
Instruments
IND AAA IND A1 (SO) IND AAA (CE) IND A1 (CE)
IND AA
IND A2 (SO)
IND AA (CE)
IND A2 (CE)
IND A IND A (CE)
IND BBB
IND A3 (SO)
IND BBB (CE)
IND A3 (CE)
IND BB IND BB (CE)
IND B
IND A4 (SO)
IND B (CE)
IND A4 (CE)
IND C IND C (CE)
IND D IND D (SO) IND D (CE) IND D (CE)
24. Acuite Ratings & Research Limited
Acuite Ratings & Research Limited is a
full service credit rating agency
accredited by RBI as an ECAI and
registered with the Securities and SEBI.
It was established in 2005.
25. LONG TERM INSTRUMENTS SHORT TERM INSTRUMENTS
ACUITE AAA ACUITE A1
ACUITE AA
ACUITE A2
ACUITE A
ACUITE BBB
ACUITE A3
ACUITE BB
ACUITE B
ACUITE A4
ACUITE C
ACUITE D ACUITE D
26. Brickwork Rating
Brickwork Ratings (BWR) is a Bengaluru
based Credit Assessment Agency
registered with the Securities and
Exchange Board of India (SEBI).
It was established in 2007.
27. LONG TERM
DEBT
INSTRUMENTS
SHORT TERM
DEBT
INSTRUMENTS
BWR AAA BWR A
BWR AA
BWR A2
BWR A
BWR BBB
BWR A3
BWR BB
BWR B
BWR A4
BWR C
BWR D BWR D
SYMBOL SECURITY
PPMLD
Principal Protected
Market Linked
Debentures
SO
Structured Finance
Instruments
CE
Credit
Enhancement
instruments
mfs
Debt mutual fund
scheme
28. Infomerics Valuation and Rating PVT Ltd
Infomerics Valuation & Rating Pvt Ltd
strives to offer an unbiased and
detailed analysis and evaluation of
credit worthiness to NBFCs, banks,
corporates and small and medium
scale units.
It was established in 1986.
29. SYMBOL SECURITY
PPMLD Principal Protected Market
Linked Debentures [PPMLD]
SO Structured Finance Instruments
CE
Credit Enhancement
instruments
mfs Debt mutual fund scheme
RR Recovery Rating Scale
Is Issuer Rating Scale
F Fixed Deposits
AIF Alternative Investment Fund
LONG TERM DEBT
INSTRUMENTS
SHORT TERM
DEBT
INSTRUMENTS
IVR AAA IVR A
IVR AA
IVR A2
IVR A
IVR BBB
IVR A3
IVR BB
IVR B
IVR A4
IVR C
IVR D IVR D