INTEC CAPITAL LIMITED
Status: Completed investmentWhy disclosure?
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In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
Intec Capital Limited is a leading SME finance company based in New Delhi. It is listed at the Bombay Stock Exchange and Delhi Stock Exchange. Established in 1994, Intec provides simple acquisition solutions for machines and equipment to SMEs supported by long-term partnerships with more than 100 manufacturers. It currently employs more than 300 people with 22 operational branches across India. Intec serves 155 out of the 388 industrial clusters in the country, and more than 1,800 customers. The average loan size is US$50,000, with tenors of up to 5 years. Loans are given against hypothecation of the equipment/machinery. Intec's portfolio is exposed to various industries, mainly auto, printing and plastic.
What is our funding objective?
FMO's loan will be used to fund the balance sheet of the finance company and help it grow its SME finance portfolio. In addition to our own loan, we also mobilize funds from BIO, the Belgian development finance company.
Why do we fund this investment?
Intec Capital Limited was introduced to FMO by existing partner and client IFMR Capital in 2013. Intec is one of the few non-banking finance companies serving exclusively the SME sector in India, and as such is a strong strategic partner in our ambition to create access to finance. This loan will strengthen the company’s profile with much needed long-term and fixed-rate funding.
- Region
- Asia
- Country
- India
- Sector
- Financial Institutions
- Effective date
- 11/26/2014
- End date
- 1/8/2018
- Total FMO financing
- INR 500.00 MLN
- Funding
- FMO NV
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Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - B