ABOUT ICL FINCORP LIMITED
ICL FINCORP LIMITED was incorporated as Jawahar Finance Limited in December 1991 in Chennai. The Company was later renamed Irinjalakuda Credits & Leasing Company Limited in April 2004, which was further renamed ICL Fincorp Limited in May 2016. The company is a non-deposit accepting Non-Banking Financial Company (NBFC) which provides a wide range of fund-based services.
The company has consciously built a diversified lending business covering retail consumers, small and medium enterprises, and commercial borrowers. The business model of the Company is built on well-defined multiple product offerings and well-developed systems and processes. The product portfolio of the company includes Gold loans, Property loans, Business loans, Vehicle loans & HP loans, Insurance, Money Transfer, Foreign Exchange, and Debenture.
ICL Fincorp Limited has a network of 163 branches spread across 5 states in South India, i.e. Kerala, Telangana, Tamil Nadu, Karnataka, and Andhra Pradesh. The company has plans to spread its presence in Pan India very soon.
The Company is in the process of improving the efficiency of operations of existing branches by identifying those branches which are below the Break-Even Point in terms of revenue generation and taking appropriate actions like merging, shifting or closure through due statutory procedures.
09 December 1991
Category/Sub-category of the Company
Public Company Limited by Shares - NBFC
Address of the Registered office and contact details
No.61/1, VGP Complex, First Avenue,
Ashok Nagar Chennai, Tamil Nadu –600083
E- mail: email@example.com
Name, Address and Contact Details of
Registrar and Transfer Agent, if any
Cameo Corporate Services Limited
"Subramanian Building", #1, Club House
Road, Chennai, Tamil Nadu - 600 002
E- mail: firstname.lastname@example.org
PRINCIPAL BUSINESS ACTIVITES OF THE COMPANY
Name and Description of main products/services
NIC Code of the product/service
% to total turnover of the Company
Providing Non-BankingFinancial Services
BOARD OF DIRECTORS
K G Anilkumar (Managing Director)
UmadeviAnilkumar (Whole Time Director)
K K Wilson (Director)
Nadarajan IPS (Independent Director)
Shinto Stanly (Independent Director)
Sajish Gopalan (Independent Director)
PARTICULARS OF SUBSIDIARY COMPANIES
Name of the Company
% of shares held
Salem ErodeInvestments Limited
ICL FINCORP LIMITED UNLISTED SHARE DETAILS
Total Available Shares:
Rs. 10 Per Equity Share
Last Traded Price
(As on 31-03-2020)
Number of shares
% of total Shares of the company
India’s financial services sector is very diversified and comprises various entitiessuch as commercial banks, insurance companies, co-operatives, mutual funds, non-banking financial companies (NBFCs), and other various entities. The share ofNBFCs is continuously growing in the financial services industry. As per RBI, NBFCs have outperformed Scheduled Commercial Banks (SCBs) in terms of growth in advances and in asset quality. It is expected that the NBFCs will grow their share in the financial services sector in near future.
The FY 2020 has been one of the most eventful and challenging years that the financial services industry has experienced. The Outbreak of the COVID 19 pandemic across the globe and in India has contributed to a significant decline and volatility in the global and Indian Financial markets and a slowdown in economic activities. Since the duration and magnitude of COVID 19 are still uncertain, it will affect the plans of this industry for FY 2021.
According to ICRA, a rating agency, the NBFC industry is likely to face asset quality pressure in the short term. However, the majority of the NBFC industry will withstand any stress as their collection capacity is improving. Moreover, their balance sheets mention that they are maintaining sufficient liquidity for tackling emergencies.
RBI has announced various measures, as a part of the response to the economic challenge faced by the NBFC industry, to aid the liquidity crisis in the system and to make NBFC work easier. RBI has introduced the Liquidity Coverage Ratio requirement for all types of NBFCs with an asset size of Rs.5000 Crore.
KEY FINANCIALS OF ICL FINCORP LIMITED (In Rs. Lakhs)
Revenue from Operations
Depreciation, amortization and impairment
Profit Before Tax
Profit After Tax (PAT)
BALANCE SHEET OF ICL FINCORP LIMITED (In Rs. Lakhs)
Cash and cash equivalents
Other Financial assets
TOTAL FINANCIAL ASSETS
Property, plant and Equipment
Other non-financial assets
TOTAL NON FINANCIAL ASSETS
EQUITY AND LIABILITIES
Equity Share capital
Non Controlling Interest
Borrowings (Other than Debt Securities)
Other financial liabilities
TOTAL FINANCIAL LIABILITES
Other non-financial liabilities
TOTAL NON FINANCIAL LIABILITES
TOTAL EQUITY AND LIABILITIES
Dividend (final + interim) (In Rs.)
Retained Earnings (Consolidated) (In Rs. Lakhs)
PERFORMANCE OF THE COMPANY
Revenue from Operations of the company increased by 17.9% from Rs. 4,901.60 lakhs in FY 2019 to Rs. 5,783.64 lakhs in FY 2020.
EBITDA of the company increased by 29.33% from Rs. 2,464.59 lakhs in FY 2019 to Rs. 3,187.56 lakhs in FY 2020.
Finance cost of the company increased by 27.25% from Rs. 2,018.07 lakhs in FY 2019 to Rs. 2,567.98 lakhs in FY 2020.
Net profit of the company hasgrown significantly from Rs. 1.45 lakhs in FY 2019 to Rs. 45.32 lakhs in FY 2020.
The total loan given by the company as of 31st March 2020 was Rs. 24,944.27 lakhs, of whichmore than 90% of the loan portfolio of the company is under Gold Loan Category.
The total Assets Under Management (AUM) for the company as a whole grew by 31% Year on Year. The business AUMin FY 2020 stood at Rs. 24,900lakhs as against Rs. 18,900lakhs recorded in FY 2019.
Book value of the company as of 31st March 2020 was Rs. 15.86 per equity share.
ICL Fincorp Limited has not given any dividend from the past three years.
Powered by Froala Editor