KLM Axiva Finvest Limited NCD
(i) KLM Axiva Finvest Limited is a non-deposit taking and non-systematically important non-banking finance company (“NBFC”) primarily serving low and middle-income individuals and businesses that have limited or no access to formal banking and finance channels.
(ii) They operate primarily in three business verticals
(a) Gold loan business, lending money against the pledge of household jewelry.
(b) Micro, small and medium enterprises loan.
(c) Personal loan. Further, as a part of our offerings.
(iii) They also provide microfinance loan to women customers and vehicle loan. As on July 31, 2018, They operate through 76 branches across three states namely Kerala, Karnataka and Tamil Nadu managed by our corporate office located at Kochi.
(iv) As of March 31, 2017 and February 28, 2018, our AUM was ₹ 9,135.68 Lakhs and ₹ 18,131.44 Lakhs, respectively. Our AUM increased at a CAGR of 183.63% from ₹ 1,135.67 Lakhs as of March 31, 2015 to ₹ 9,135.68 Lakhs as of March 31, 2017.
Objective of NCD KLM Axiva Finvest Limited NCD:
Objective of
KLM Axiva Finvest Limited NCD
are: 1. For the purpose of onward lending, financing and for repayment of interest and principal of existing borrowings 2. General Corporate PurposesKLM Axiva Finvest Limited NCD Details:
| Open Date: | Sep 27 2018 |
| Close Date: | Oct 26 2018 |
| Issue Type: | Fixed Price Issue NCD |
| Issue Size: | ₹ 100 Cr. |
| Face Value: | ₹ 1000 Per NCD |
| Market Lot: | 1 NCD |
| Minimum Order Quantity: | 5 NCD |
| Listing At: | BSE |
Promoters:
Promoters of KLM Axiva Finvest Limited Company are:
1. Ms Biji Shibu: aged 47 years is our Non-Executive Director. She holds a bachelor’s degree in arts from Mahatma Gandhi University. She has served as a director in Carbomix Polymers (India) Private Limited and KLM Tiana Gold & Diamonds Private Limited. She has a rich experience in finance business and has
been associated with our Company since March 9, 2013. She holds 4,40,300 Equity Shares, which constitutes 1.10% shareholding of our Company.
2. Ms Princy Josekutty: aged 56 years holds a bachelor’s degree in arts from University of Calicut. She is holding office as a director in KLM Prime Nidhi Limited and as an additional director in K M L M Chits India Limited. She has over 10 year experience in finance business. She holds 47,000 Equity Shares,
which constitutes 0.12% shareholding of our Company.
Credit Rating:
This issue is rated CARE BB': Outlook Stable by CARE. The rating of NCDs by CARE indicates that instruments with this rating are considered to have a moderate risk of default regarding timely servicing of financial obligations.
Interest Rates:
KLM Axiva Finvest Limited NCD offers coupon rates ranging from 11.25% - 12.25% depending on the tenures of 1, 2, 3, 5 and 6 years and the mode of interest payments are monthly, annual, cumulative as per investors choice.
Post Tax returns:
(i) Sold after Maturity
The interest earned through NCDs will be added to the total income and will be taxed at 5%, 20%, and 30% respectively depending upon the income slab of an Individuals.
(ii) Sold Before Maturity
If you decide to sell the NCDs on the stock exchange, capital gains can also arise. If NCDs are sold with in a period of 12 months from the date of allotment, short term capital gains / loss (STCG) will arise and if you decide to sell NCDs after a period of 12 months, the resulting gain or loss is called long term capital gains / loss (LTCG).
Recommendation:
Review and Recommendation of KLM Axiva Finvest Limited NCD from IZ Team is: 3/10 (Avoid)
1-5: Good
5-7: Fair
7-10: Excellent
LIVE SUBSCRIPTION OF KLM AXIVA FINVEST NCD
Lead Manager of KLM Axiva Finvest Limited NCD:
- Vivro Financial Services Private Limited
Registrar of KLM Axiva Finvest Limited NCD:
- Karvy Computershare Private Limited
Discussion on KLM Axiva Finvest Limited NCD:
2 Comments
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Now their ratings are improved to BB+
in the year 2022
Credit Rating AAA is not safe then no point of even looking for the companies with CARE rating of BB.