Acuité has withdrawn the long-term rating on the Rs. 25 Cr. Proposed Bank Loan facilities of Servitium Micro Finance Private Limitedwithout assigningany rating. The withdrawal is due to the request received from the issuer. The withdrawal is in accordance with Acuite's policy of withdrawal.
About the Company
Servitium Micro Finance Private Limited (SMFPL), incorporated in 1995. The company is engaged in business of providing loans to women. The present directors of the company are Mr. Subrata Ghosh, Ms. Rita Ghosh, Mr. Chanchal Majumder and Mr. Partha Sengupta. The registered office of the company is in Kolkata.
About the Group
The servitium group comprises of two entities named as Servitium Micro Finance Private Limited (NBFC -MFI) and Seba Rahara (NGO-MFI). Servitium Micro Finance Private Limited (SMFPL), incorporated in 1995. Seba Rahara is an NGO Microfinance Trust which is registered as a society on 28th March 2006 under West Bengal Societies Registration Act, 1961 and started its microfinance services in the month of June 2006, with a disbursement of loan to groups. Seba Rahara is currently debt free and is not taking or disbursing any further loans. Going forward major loan disbursement and operations will be conducted only in Servitium Micro Finance Private Limited.
Unsupported Rating
Not Applicable
Analytical Approach
Extent of Consolidation : Not Applicable
Rationale for Consolidation or Parent / Group / Govt. Support
Not Applicable
Key Rating Drivers
Strength
Not Applicable
Weakness
Not Applicable
Rating Sensitivity
Not Applicable
Liquidity Position
Not Applicable
Outlook: Not Applicable
Other Factors affecting Rating
None
Key Financials - Standalone / Originator
Particulars
Unit
FY25
(Actual)
FY24
(Actual)
Total Assets
Rs.
Cr.
80.73
69.79
Total Income*
Rs.
Cr.
11.37
7.04
PAT
Rs.
Cr.
2.44
2.11
Networth
Rs.
Cr.
16.90
13.41
R e t u r n
on
A v e r a g e
Assets (RoAA)
(%)
3.24
4.00
Return on Net Worth (RoNW)
(%)
16.07
17.53
T o t a l
Debt/Tangible
Net Worth
(Gearing)
Times
3.69
4.10
Gross NPA’s
(%)
-
0.2
Net NPA’s
(%)
-
0.0
^Note : GNPA and NNPA for FY 25 is not available
* Total income equals to Net interest income plus other income
Key Financials (Consolidated)
Particulars
Unit
FY24
(Provisional)
FY23
(Actual)
Total Assets
Rs.
Cr.
83.86
66.21
Total Income*
Rs.
Cr.
10.29
7.87
PAT
Rs.
Cr.
3.39
2.80
Networth
Rs.
Cr.
26.44
21.45
R e t u r n
on
A v e r a g e
Assets (RoAA)
(%)
4.52
4.31
Return on Net Worth (RoNW)
(%)
14.16
14.58
T o t a l
Debt/Tangible
Net Worth
(Gearing)
Times
2.10
2.01
Gross NPA’s
(%)
0.21
0.39
Net NPA’s
(%)
-
-
* Total income equals to Net interest income plus other income
Status of non-cooperation with previous CRA (if applicable)
