Kosamattam Finance Ltd.

Incorporated in 1987, Kerala based Kosamattam Finance Limited is a non-deposit taking NBFC and works as a gold loan provider against the household gold jewellery across some states in India. The company has a reach in Union Territory of Puducherry, Maharashtra, Delhi, Andhra Pradesh, Karnataka, Telangana, Gujarat, Tamil Nadu, and Kerala. Kosamattam Finance Limited is registered with RBI as an NBFC and also has a Full-Fledged Money Changers (FFMC) license. The company also holds a certificate of registration to work as a Depository Participant and Corporate Agent. Offered Services The gold loan is the primary business of the company. The company also provides other miscellaneous services such as air ticketing, agriculture, power generation, foreign currency exchange, money transfer, and microfinance services. Total Income For the last two financial years, KFL has posted a total income of Rs. 475.54 cr. / Rs. 43.15 cr. (FY19) and Rs. 498.49 cr. / Rs. 47.63 cr. (FY20). The company strengths: (1) Strong customer base , (2) Good network across some Indian states , (3) Efficient IT Infrastructure in branches and (4) An effective risk management system The issue is rated BWR BBB+ (outlook stable) by Brickwork Ratings India Pvt Ltd. This rating indicates that instruments with this rating are considered to have a moderate degree of safety regarding timely servicing of financial obligations. Such instruments carry moderate credit risk. Also, this group is limited to southern part of India. So we give NEUTRAL rating to this NCD offer.

• 1 Mathew K. Cherian
• 2 Laila Mathew
• 3 Jilu Saju Varghese