KOSAMATTAM Finance Ltd.
BACKGROUND OF THE COMPANY
Kosamattam Finance Ltd. (KFL/ Company), headquartered in the southern Indian state of Kerala, is a NBFC lending money against pledge of used household gold jewellery (“Gold Loans”) in the state of Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, Delhi and in the Union Territory of Puducherry.
The Kosamattam group was originally founded by Mr. Chacko Varkey (also known as Mr. Nasrani Varkey). His great grandson, Mr. Mathew K. Cherian, the present Chairman and Managing Director of Kosamattam Group is a fourth generation entrepreneur in the family.
As on February 28, 2014, KFL is having a branch network of 781 branches largely spread across southern India. The Gold Loan portfolio of KFL as of December 31, 2013 is comprised of 3,08,745 gold loan accounts, aggregating Rs. 950.11 Crores which is 96.10% of the total loans and advances.
Gross non-performing gold loan assets were 0.17%, 0.31%, 0.36% and 0.02% of gross Gold Loan portfolio under management as of December 31, 2013, March 31, 2013, 2012 and 2011 respectively.
As of December 31, 2013, the average loan amount advanced by KFL was Rs. 26,204.80 per loan transaction. All of the Gold Loans have a term of 12 months with an option to early closure. In the financial period ended December 31, 2013, the yield on Gold Loan assets was 25.25%.
In addition to the core business of Gold Loan, we also offer fee based ancillary services which includes money transfer services, foreign currency exchange and air ticketing services.
Open : Apr23
Closing : May 22
Rating : CARE BB+
Demat Only, NO TDS deduction
BSE Listing
Nature : Secured NCD
18 months : 12.50% pa.
36 months : 13.00% pa.
interest payment frequency : monthly.
0.50% extra to Sr. citizens, Ex-serviceman, employees.
NOTE : with little risk, one should apply in this issue for higher rate of return. An ideal portfolio should have all sorts of investment.
NO HARM IN INVESTING.
BACKGROUND OF THE COMPANY
Kosamattam Finance Ltd. (KFL/ Company), headquartered in the southern Indian state of Kerala, is a NBFC lending money against pledge of used household gold jewellery (“Gold Loans”) in the state of Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, Delhi and in the Union Territory of Puducherry.
The Kosamattam group was originally founded by Mr. Chacko Varkey (also known as Mr. Nasrani Varkey). His great grandson, Mr. Mathew K. Cherian, the present Chairman and Managing Director of Kosamattam Group is a fourth generation entrepreneur in the family.
As on February 28, 2014, KFL is having a branch network of 781 branches largely spread across southern India. The Gold Loan portfolio of KFL as of December 31, 2013 is comprised of 3,08,745 gold loan accounts, aggregating Rs. 950.11 Crores which is 96.10% of the total loans and advances.
Gross non-performing gold loan assets were 0.17%, 0.31%, 0.36% and 0.02% of gross Gold Loan portfolio under management as of December 31, 2013, March 31, 2013, 2012 and 2011 respectively.
As of December 31, 2013, the average loan amount advanced by KFL was Rs. 26,204.80 per loan transaction. All of the Gold Loans have a term of 12 months with an option to early closure. In the financial period ended December 31, 2013, the yield on Gold Loan assets was 25.25%.
In addition to the core business of Gold Loan, we also offer fee based ancillary services which includes money transfer services, foreign currency exchange and air ticketing services.
Open : Apr23
Closing : May 22
Rating : CARE BB+
Demat Only, NO TDS deduction
BSE Listing
Nature : Secured NCD
18 months : 12.50% pa.
36 months : 13.00% pa.
interest payment frequency : monthly.
0.50% extra to Sr. citizens, Ex-serviceman, employees.
NOTE : with little risk, one should apply in this issue for higher rate of return. An ideal portfolio should have all sorts of investment.
NO HARM IN INVESTING.
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ReplyDeleteKosamattam Finance NCD November 2019
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