ICIL Consistent Global Credit Alert - Zombie Companies

ICIL Global Credit Alert - Zombie Companies
Ten Ways Covid-19 Has Changed the World Economy Forever - Bloomberg
Zombie Companies - Undead Debt is one of Ten ways
Legacies of Covid-19 will shape how we work, spend, travel and more for years to come. Here's how.
https://www.bloomberg.com/news/articles/2020-12-30/ten-ways-covid-19-has-changed-the-world-economy-forever


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Kyiv - London. From Ukraine with Cash

Why is the UK a haven for money laundering?

Currency converter online

Currency converter online

LexisNexis[5] 2

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Chartered Accountants Will Now Report Suspicious Transactions During Audit

Chartered Accountants Will Now Report Suspicious Transactions During Audit

Those With True Insight

Anti-Money Laundering Interview with Mary-Lynn Landbrooke on the ABC of GRC

Chartered Accountants Will Now Report Suspicious Transactions During Audit

Chartered Accountants Will Now Report Suspicious Transactions During Audit

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‘World Economy Would Collapse’ If City of London Stopped Laundering Money, Says HSBC Whistleblower

‘World Economy Would Collapse’ If City of London Stopped Laundering Money, Says HSBC Whistleblower 

International Debt Collection Agency in the UK

Those With True Insight

Global Insolvency Law Database

https://www.worldbank.org/en/topic/financialsector/brief/global-insolvency-law-database?cid=EXT_WBEmailShare_EXT

WORLD DURING CORONAVIRUS PANDEMIC & ICIL BANKRUPTCY CHECK

USMAN DAR TALK ABOUT KAMYAB JAWAN SCHEME AND ROLE OF ICIL

ICIL-A INFORMATION AGE COMPANY - GLOBAL BUSINESS BRIDGE & GLOBAL RISK MITIGATOR

ICIL is an Information Age Company which is providing business information and business information solutions in a world where no country can develop its economy in isolation from the rest of the world. Every country requires connections between business to business across the world. However, doing business globally is becoming riskier day by day.

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The Case for Quality Provider Data Across the Healthcare Enterprise

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ICIL City to City Training of Field Investigation officers for Kamyab Jawan Scheme

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World Economy would collapse if City of London stopped Money Laundering - HSBC

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5MLD | Are you ready for the new 5th anti-money laundering directive?

ZOMBIE COMPANIES - ICIL GLOBAL CREDIT RISK ALERT

                                 The difference between;

                Bankrupt Companies V/S Zombie Companies

•  Bankrupt Company

About a bankrupt company, one can find out from registrar of companies  that a particular  company has filed bankruptcy application ( e.g. Chapter 11 in The USA)

• Zombie Companies continue to do business without anyone knowing that a particular company is financially so week that it risks doing business.

Obviously, Zombie Companies pose greater Credit Risk. Importers & banks opening L/C need to ensure that they don’t open  L/C on a Zombie company, Exporters need to ensure that they don’t export on consignment/contract basis to Zombie companies

ICIL Google Search Global Survey of Zombie Companies

• Internet is full of websites giving articles on the threat posed by the increasing number of Zombie Companies world over- Few Links are given below
• What is a Zombie Company & Income Statement of a typical Zombie is given under these links? Open each link and read

   Latest about Zombie Companies
https://www.cnbc.com/2020/05/20/highly-indebted-zombie-companies-control-more-than-2-million-us-jobs.html
(1) Highly Leveraged Zombie Companies Threaten the Global Economy

https://www.forbes.com/sites/mayrarodriguezvalladares/2019/06/30/highly-leveraged-zombie-companies-threaten-the-global-economy/#50272

(2)The rise of zombie firms: causes and consequences
https://www.bis.org/publ/qtrpdf/r_qt1809g.pdf

(3) Fear the Walking Dead? Incidence and Effects of Zombie
https://publications.jrc.ec.europa.eu/repository/bitstream/JRC111915/jrc111915_jrc111915_jrc-oecd_fear_the_walking_dead_-_withpubsynumb

(4)Perspective: Fear the walking deal
https://www.ipe.com/perspective-fear-the-walking-dead/10034188.article

(5)Zombie Firms in Pakistan

https://dailytimes.com.pk/527248/zombie-firms-in-pakistan/
https://fortune.com/2019/09/02/why-zombie-companies-are-on-the-rise-and-could-pose-a-threat-to-the-u-s-economy/ 

(6)Why ‘Zombie’ Companies Are on the Rise—and Could Pose a Threat to the U.S. Econ

(7)The dangerous zombie infestation (of the world economy)
https://gnseconomics.com/en_US/2019/03/11/the-dangerous-zombie-infestation-of-the-world-economy/Asia's

  (8)'zombies' concentrated in India, Indonesia and South Korea
https://asia.nikkei.com/Spotlight/Datawatch/Asia-s-zombies-concentrated-in-India-Indonesia-and-South-Korea

(9)'Zombie firms' a major drag on UK economy, analysis shows

https://www.theguardian.com/business/2019/may/06/zombie-firms-a-major-drag-on-uk-economy-analysis-shows

  (10) One out of every 10 American companies is a “zombie”
https://qz.com/1141732/one-in-every-10-american-companies-is-a-zombie/ 

(11) Why China is shutting down zombie companies
https://www.thefinancialexpress.com.bd/views/why-china-is-shutting-down-zombie-companies-1562079783

(12) The Federal Reserve is about to create a lot more zombies

https://www.marketwatch.com/story/the-federal-reserve-is-about-to-create-a-lot-more-zombies-2019-06-24

(13) Zombie Firms Hit an All Time High

https://smartmoneygains.com/finance/zombie-firms-hit-an-all-time-high/

(14)China's Lenders Left in the Dark on 'Zombie' Companies
 https://www.bloombergquint.com/videos/china-s-lenders-left-in-the-dark-on-zombie-companies

(15)China's 'zombie' firms weighing on economy
https://www.thenational.ae/business/economy/china-s-zombie-firms-weighing-on-economy-1.835162

(16)  Zombie Firm Dynamics and China’s Monetary Policy
http://cfrc.pbcsf.tsinghua.edu.cn/Public/Uploads/upload/CFRC2019_1868.pdf?l=en&y=2019

(17) Avoid falling into the zombie company trap

  https://www.thegazette.co.uk/all-notices/content/100638

(18)  Zombie firms' dragging down  UK economy -KPMG

  https://www.sharecast.com/news/news-and-announcements/zombie-firms-dragging-economy-kpmg--3885242.html 

(19) Zombie Companies - A Drain On Economic Output?

https://www.youtube.com/watch?v=KJC-7bz835Y&list=UUHdE6HODo3UXD9E-QplAFOw&index=18

(20) Are Zombie Companies Plaguing The Toronto Stock Exchange
https://www.geologyforinvestors.com/zombie-companies-plague-toronto-stock-exchange-deal-delicate-issue/

(21) 100,000 Zombie Firms Suck Life out of Economy
https://www.thetimes.co.uk/article/100-000-zombie-firms-suck-life-out-of-economy-z6tdgxgx5

 (22) We Created a Monster”: The IMF Spoke About the Threat of Zombie Companies 

https://www.stalkerzone.org/we-created-a-monster-the-imf-spoke-about-the-threat-of-zombie-companies/

                                     What is a Zombie Company   

“Zombie the company” is a term used to describe an uncompetitive company that needs a bailout to successfully operate or an indebted company that is only able to repay interest on its debt (interest-coverage ratio of 1 or less). Zombie companies generate enough cash flow to only pay back the interest on the debt and are unable to reduce the actual principal amount. Therefore, zombie companies do not have excess cash or capacity and are stagnant, which means they are too weak to invest or grow.

Below is an example of an income statement of a zombie company. Note that the interest-coverage ratio is less than 1 in each period.

The income statement of a zombie company

Zombie companies heavily depend on low-interest rates to survive. Due to governments and central banks trying to stabilize their economies after a financial crisis, commercial banks are pressured to extend credit and use low-interest rates

Zombie Company – Business Risk to Importers & Exporters