Credit rating agency, CARE has assigned ‘BBB+’ rating to Intec Capital’s non convertible debentures (NCD) issue worth Rs 110 crore. The rating assigned to the proposed non-convertible debenture (NCD) issue of Intec Capital (ICL) draws strength from the company’s long track record of operations, growth in business and improved profitability parameters, comfortable capital adequacy, diversified borrowing profile and comfortable liquidity.
Intec Capital is primarily engaged in the business of providing funding for office equipment, medical equipment, plant & machinery, computer peripherals, etc, to small and medium enterprises as well as government, semi-government and private sector customers. These loans are given against hypothecation of the equipment/machinery.
