Started in 1984 under the brand name JM Financial, JM Financial Products Limited is a Non - Deposit Taking NBFC authorised by RBI. The company is engaged in providing financial services mainly in the area of vehicle leasing and lease syndication. The company offers a gamut of financial services through participation in securities lending, distribution, issuance, and syndication. Company believes there is significant growth and additional revenue opportunities in offering additional products across the financial services industry and expanding customer access to such products and services. They continue to focus on profitability as a key factor driving the business decisions. They are strategically focused on market opportunities within the financial services sector that enable them to focus on higher risk adjusted profitability. They have developed and implemented stringent credit appraisal processes and standards to manage risks associated with the operations. 1. Structured lending Company offers loans to operating companies towards working capital funding, funding growth capex / inorganic expansions / acquisitions, general corporate purposes including replacement of existing secured / unsecured debt, etc. 2. Promoter financing They offer financing to promoters or their holding / investment companies against listed or unlisted equity / preference shares, mutual fund units, securities or mortgage of residential / commercial properties or other real-estate to meet their strategic requirements i.e. equity funding for acquisitions or capex, stake accretion in group companies, investments / equity infusion / on-lending in companies, buying out of other shareholders, refinancing and such other purposes as acceptable to the Company. 3. Acquisition FinancingThey offer rupee financing solutions to companies acquiring domestic assets, where banks are restricted by regulation from providing financing for the equity investment. Company's business requires significant working capital and, accordingly, the liquidity management is a critical function. They have adopted the asset management liability policy to ensure prudent management of assets and liabilities for the Company. They monitor the asset liability through an asset liability management committee at entity level. The asset liability is monitored on a daily basis by the management team to track the inflows and outflows. Since they have a mixed lending portfolio comprising short-term and long-term loans, they make efforts to match the maturity of liabilities with the maturity of assets. For this purpose, they undertake entity level asset liability management function periodically Good Rating and lucrative coupon rates make this offer a worthy option for investors looking for long term fixed income. We give SUBSCRIBE rating to debt issue.
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