CRISIL HOUSE

The 2,11,610 sq.ft., Corporate Head Office, Powai, Mumbai

MANAGEMENT TEAM

Mr. Deven Sharma, Chairman

Mr. B.V. Bhargava, Director

Mr. H.N. Sinor, Director

Ms. Rama Bijapurkar, Director

Dr. Nachiket Mor, Mr. Thomas Schiller, Mr. David Pearce, Director Director Director

Mr. Ravinder Singhania, Alternate Director to Mr. Deven Sharma, Mr. Thomas Schiller and Mr. David Pearce

Ms. Roopa Kudva, Managing Director and Chief Executive Officer

COMPANYS OVERVIEW
Established in the year 1987

A global analytical company providing ratings, research, and risk and policy advisory services
The defining trait is ability to convert data and information into expert judgements and forecasts across a wide range of domains, with deep expertise and complete objectivity. Majority shareholder is Standard and Poor's. Standard & Poor's, a part of The McGraw-Hill Companies, is the world's foremost provider of credit ratings

COMPANYS JOURNEY
1987
CRISIL, India's first Credit rating agency, is incorporated, promoted by the erstwhile ICICI Ltd, along with UTI and other financial institutions.

1993
CRISIL's IPO is a whopping success its 20,00,000 shares, sold at a premium of Rs.40 per share, are oversubscribed by 2.47 times.

2008
CRISIL's revenues cross Rs.5 billion in 2008.

2010
- CRISIL SME Ratings crosses its 15,000th SME rating. - CRISIL launches Real Estate Star Ratings.

- CRISIL acquires Pipal Research, further strengthening its leadership in the KPO industry.
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VISION

Detailed Distribution of Shareholding Pattern

19.42% 52.43% 28.15%

Foreign Promoter & Promoter Group

Public Share Holding Institutions Public Share Holding Non - Institutions

Total Foreign Shareholdings

0.22%
Standards & Poors International S & P India

11.33%

8.45%

43.98%

Foreign Institutional Investors Non- Resident Indians

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CREDIT RATINGS / BANK LOAN RATINGS

CRISIL AAA (Highest Safety) Instruments with this rating are considered to have the highest degree of safety regarding timely servicing of financial obligations. Such instruments carry lowest credit risk.

CRISIL AA (High Safety)

CRISIL A (Adequate Safety)

Instruments with this rating are considered to have high degree of safety regarding timely servicing of financial obligations. Such instruments carry very low credit risk.
Instruments with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligations. Such instruments carry low credit risk.

CRISIL BBB (Moderate Safety)

CRISIL BB (Moderate Risk) CRISIL B (High Risk) CRISIL C (Very High Risk) CRISIL D Default

Instruments with this rating are considered to have moderate degree of safety regarding timely servicing of financial obligations. Such instruments carry moderate credit risk.
Instruments with this rating are considered to have moderate risk of default regarding timely servicing of financial obligations. Instruments with this rating are considered to have high risk of default regarding timely servicing of financial obligations. Instruments with this rating are considered to have very high risk of default regarding timely servicing of financial obligations. Instruments with this rating are in default or are expected to be in default soon.

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SOME COMPANIES TAKING CREDIT RATING FROM CRISIL

ACC Limited

3i Infotech Limited

L G Electronics (I) Pvt. Ltd.

MF Global Sify Securities (I) Pvt. Ltd.

IFFCO - TOKIO General Insurance Company Limted

Lafarge India Pvt. Limited

PVR Limited

Sun Pharmaceutical Industries Ltd.

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SMALL & MIDDLE SIZED ENTERPRISES

CRISIL SME Rating
SME 1
SME 2

Definition
Highest
High

SME 3
SME 4

Above Average
Average

SME 5
SME 6

Below Average
Inadequate

SME 7
SME 8

Poor
Default
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REAL ESTATE RATINGS

DA1 Excellent DA2 Very Good DA3 Good DA4 Below Average DA5 Poor
The Developer's ability to execute real estate projects as per the specified quality level and within the stipulated time schedule, and ability to transfer clean title is Excellent.
The Developer's ability to execute real estate projects as per the specified quality level and within the stipulated time schedule, and ability to transfer clean title is Very Good. The Developer's ability to execute real estate projects as per the specified quality level and within the stipulated time schedule, and ability to transfer clean title is Good. The Developer's ability to execute real estate projects as per the specified quality level and within the stipulated time schedule, and ability to transfer clean title is Below Average. The Developer's ability to execute real estate projects as per the specified quality level and within the stipulated time schedule, and ability to transfer clean title is Poor.
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SOME COMPANIES TAKING real estate RATING FROM CRISIL

ABAD Builders

Skyline Builders

Savvy Infrastructures Ltd.

Akshaya Homes

Venus Infrastructure & Developers Limited

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CAPITAL MARKETS
CRISIL offers products and services covering both equity and debt markets

These products and services further enhance CRISIL's objective to make markets function better

Offerings under CRISIL Equities are classified as - independent equity research (globally a unique concept) and Initial Public Offer (IPO) grading

It also provides Equity Valuation & Equity Support Services

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INFRASTRUCTURE ADVISORY
CRISIL Infrastructure Advisory provides practical and innovative solutions to governments, donor funded agencies and leading organizations in over 20 emerging economies across the world to -

Help improve infrastructure service delivery

Transform performance of public institutions and sector efficiency Design and strengthen reform programs to catalyze private sector
participation

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Some of the key assignments executed CRISIL Infrastructure Advisory strategized the takeout finance
scheme - a method of making long term debt financing available to large infrastructure projects for India Infrastructure Company Ltd (IIFCL)

CRISIL Infrastructure Advisory's Energy Practice has designed and

implemented first of its kind novel Electricity Distribution Franchisee Contract in Maharashtra

Effective April 01, 2007, CRISIL transferred its advisory and risk
consulting business into a wholly owned subsidiary, CRISIL Risk and Infrastructure Solutions Ltd (CRIS)

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RESEARCH
CRISIL Research is India's largest independent research house

CRISIL Research meets the requirements of more than 750 Indian and global clients
65 industries and 150 corporates makes CRISIL a preferred service provider to 90% of India's commercial banks, 4 of the world's largest consulting firms. All the leading brokers, investment banks and private equity players

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CRISIL Research Services-

Economy Research- Covers an in depth analysis of short and medium

term trends and outlook on key macro-economic variables, events, policies and key economic issues

Company Reports- Covers data analysis of the top-150 listed

companies.These data covers independent and unbiased opinion on a company,Its operational efficiency,Relative market position,Future outlook

Customised Research- CRISIL's customised research solutions facilitate

informed business decisions by undertaking studies like Project Feasibility, Market Sizing, Demand Estimations, Customised Credit reports, Regional demand and growth strategies

Industry Research-

Covers detailed research on around 65 industries. These reports are either ongoing research reports on various industries or are special detailed analysis on topical sectors such as real estate, infrastructure, logistics, and SME, and on emerging segments of the economy
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RISK SOLUTIONS
CRISIL Risk Solutions* (CRS) provides comprehensive risk management services to banks, financial institutions, and corporates across all areas of risk including: credit, market and operational Ranked as no.1 Risk Solution Delivered Risk Solutions to about 50 Banks, Financial institutions in India and Abroad Largest user base of more than 10,000 users

Effective April 1, 2007, CRISIL transferred its advisory and risk consulting business into a wholly owned subsidiary, CRISIL Risk and Infrastructure Solutions Ltd (CRIS)
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Risk Management Services Software Solutions - Key software products offered are
RAM,CAM CORE,CRESS,CC

Consulting Services - Key consulting areas include ERM,Credit

Risk,Market Risk and ALM,Operational Risk,Capital Management

Analytical Services - Key areas for Analytical Services include ERAM,Capital Computation Services,Assistance in Migrating to Advanced Approaches

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MAJOR COMPETITORS

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24

Share Capital
7.3 7.2 7.1 7 6.9 6.8 6.7 6.6 6.5 Dec '10 Dec '09 Dec '08 Dec '07 Rs. In crores Dec '06
25

Reserves & Surplus

450 400 350 300 250 200 150 100 50 0

Dec '10 Dec '09 Dec '08 Dec '07

Rs. In crores

Dec '06
26

Total Revenue
600 500 400 300 200 100

0
Dec ' 10Dec ' 09 Dec ' 08 Dec ' 07 Dec ' 06 Rs. In crores

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Total expenditure
350

300
250 200 150 100 50 0 Dec ' 10 Dec ' 09 Dec ' 08 Dec ' 07 Rs. In crores
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Dec ' 06

Net Block (Asset)

100 90 80 70 60 50 40 30 20 10 0 Dec ' 10 Dec ' 09 Dec ' 08 Dec ' 07 Dec ' 06

Rs. In crores

29

Profit After Tax

200 180 160

140
120 100 80 60

40
20 0 Dec ' 10 Dec ' 09 Dec ' 08 Dec ' 07 Dec ' 06 Rs. In crores

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31

Earnings Per Share (EPS)

300 250

200
150 100 50 0

EPS = NPAT Pref. Div no. of shares

Dec ' 10 Dec ' 09 Dec ' 08 Dec ' 07 Dec ' 06

Rs. / share

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Dividend Per Share (DPS)

2.5 2 1.5 1 0.5

DPS = Dividend Per Share No. of Shares

0
Dec ' 10 Dec ' 09 Dec ' 08 Dec ' 07 Dec ' 06 Rs. / share
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Current Ratio
0.9 0.8 0.7 0.6 0.5 0.4 0.3 0.2 0.1 0 Dec ' 10 Dec ' 09 Dec ' 08 Dec ' 07 Dec ' 06
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Current Ratio = Current Assets Current Liabilities

Book Value
600 500 400 300

200
100 0 Dec ' 10 Dec ' 09 Dec ' 08 Dec ' 07 Dec ' 06 Rs. In crores

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Crisil market price at bse

9000 8000 7000 42.75%

BSE
7909.70

Share Price in Rs.

6000

5000 4000
3000 2000 1000 0

5540.70 BSE

AUG ' 10

AUG ' 11
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CRISIL market price at nse

9000 8000 7000 Share Price (in Rs.) 6000 5000 4000 3000 2000 1000 0 AUG ' 10 AUG ' 11
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7939.30 42.58% 5568.20

AUG ' 10

CORPORATE SOCIAL RESPONSIBILITY (CSR)

Financial Awareness

Making and facilitating Donation

Accreditation of NGOs

Green Initiatives
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AWARDS HOSTED BY CRISIL

CRISIL's Real Estate Awards, given in association with television channel, CNBC Awaaz, are India's biggest and most credible realty sector awards CRISIL Mutual Fund Awards, given in association with television channel, CNBC-TV18, celebrate India's best performing mutual funds India's biggest business award recognises and rewards the nation's best small and medium enterprises (SMEs) CRISIL Young Thought Leader (CYTL) Awards is a nationwide competition that invites dissertations from post-graduate and graduate students on a spectrum of topical themes
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BIBLIOGRAPHY
www.crisil.com www.moneycontrol.com
Personal Interview with Crisil personnal, Mr.Dipen Ruparelia, Research Analyst

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Komal Shah 70

Keyur Shah 66

Kirti Maheshwari 69

Kinjal Shah 68

Khush Jain 67

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Any Questions
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