ICRA

COMPONENTSWeightageMaximum ScoreAssigned ScoreRisk Level
Internal Environmental Analysis35%
Business Model/Strategy15%10-
Product Portfolio
Diversification (SBU's and Geographies)
Value Preposition & Competition
KPI review
Business/Operational Risks
Management Review15%10-
Organizational Structure and Governance
Leadership background (Professional and Educational)
Team composition and Talent Management
Succession Planning
Historical Track records
Key Management Risks
Business Outlook Review5%10-
Future business/operational plans
Strategic Partnerships and Alliances
Expansion/Downsizing possibilities
External Environmental Analysis25%
Industry Analysis15%10-
Global Industry Review
Local Industry Review
Industry risks and trends
Economic Outlook Impact
External Stakeholder Analysis10%10-
Customer, Supplier Relationships
Banking Relationships
Licensing and Government Regulations
Auditor Relationships
CSR
Other external stakeholder relationships
Financial Analysis40%
Financial Statement Analysis30%10-
Profit & Loss Statement
Balance Sheet
Cash Flow Statement
Key Financial Risks
Ratio Analysis
Profitability
Leverage
Efficiency
Liquidity
Financial Forecast Review10%10-
Accuracy, reliability and reasonableness of the forecasts
Relationships with industry trends (possible headwinds and tailwinds)
Growth drivers and assumptions