(as stipulated by SEBI Operational circular SEBI/HO/DDHS/DDHS-RACPOD2/P/CIR/2023/6 dated January 6, 2023)
In order to conduct periodic reviews and annual surveillance of ratings, clients shall furnish all operational details, past annual reports and projected financials. By entering into Rating Agreement with Infomerics, the Client agrees to make available to Infomerics the required information on a continuous basis. Access to information forms the basis of timely and appropriate rating action. Infomerics reserves the right to conduct the rating exercise / review with publicly available information if the minimum requirement of information is not made available to Infomerics.
The following represents the minimum / indicative information required for various types of entities. It may be noted that the list of documents is indicative. While processing, Infomerics may call for additional details based on inputs and interaction with client to have holistic view.
A. Manufacturing/Services/SME/Trading Companies
S.No |
Details/Particulars |
1 |
Last Annual report with Annexures and Audit reports |
2 |
Latest provisional F/S of Q1/Q2/1HY/Q3/Q4/full year (as available) |
3 |
Projections of Profit & Loss account, Balance sheet and cash flow statement for 3 years, including assumptions underlying projections. |
4 |
Quarterly cash flow statement for next three years including current FY* |
5 |
Short note on any changes in current activities and customer segments |
6 |
Copies of sanction letters for the Bank facilities enjoyed presently and total facilities for which rating is required |
7 |
No Default Statement (as per Infomerics’ format) |
8 |
Latest Contact details of Bankers, Debenture Trustees, Issuing and Paying Agent* and Auditor (Name, land line no, cell no and email) |
* in case of issue of Commercial Paper
B. NBFC/HFC/Financial Institutions
S.No |
Details/Particulars |
1 |
Last Annual report with Annexures and Audit reports |
2 |
Latest provisional F/S of Q1/Q2/1HY/Q3/Q4/full year (as available) |
3 |
Capital adequacy computations for the last latest FY |
4 |
Asset quality (Gross NPA, Net NPA) |
5 |
ALM profile as on recent date |
6 |
Short note on AUM profile and Top 20 customers as of last FY |
7 |
Short note on borrowing profile |
8 |
No Default Statement (as per Infomerics’ format) |
9 |
Latest Contact details of Bankers, Debenture Trustees, Issuing and Paying Agent* and Auditor (Name, land line no, cell no and email IDs) |
* in case of issue of Commercial Paper
C. Banks
S.No |
Details/Particulars |
1 |
Write up on shareholding pattern, key Management personnel, and Board of Directors with Qualifications and Experience. |
2 |
Last 3 Financial years Annual reports with Annexures and Audit reports |
3 |
Latest provisional F/S of Q1/Q2/1HY/Q3/Q4/full year (as available) |
4 |
Capital adequacy computations for the last three FYs |
5 |
Asset quality (Gross NPA, Net NPA) for the last three FYs and latest quarter |
6 |
Short note on profile of advances and Top 50 customers as of last three FYs |
7 |
Top 50 depositors’ list |
8 |
No Default Statement (as per Infomerics’ format) |
9 |
Latest Contact details of Debenture Trustees and Auditor (Name, land line no, cell no and email IDs) |
D. Infrastructure Companies
S.No |
Details/Particulars |
1 |
Last Annual report with Annexures and Audit reports |
2 |
Latest provisional F/S of Q1/Q2/1HY/Q3/Q4/full year (as available) |
3 |
Latest order book position (if applicable) |
4 |
Projections of Profit & Loss account, Balance sheet and cash flow statement for 3 years, including assumptions underlying projections. |
5 |
Short note on project under implementation / execution |
6 |
Copies of relevant documents as applicable like Concession Agreement, FSA, latest status report of project from Independent Consultant |
7 |
Copies of sanction letters for the Bank facilities enjoyed presently and total facilities for which rating is required |
8 |
No Default Statement (as per Infomerics’ format) |
9 |
Latest Contact details of Bankers, Debenture Trustees and Auditor (Name, land line no, cell no and email) |