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| Product | Quantum (Rs. Cr) | Long Term Rating | Short Term Rating |
| Bank Loan Ratings | 10.00 | Not Applicable | Withdrawn | - |
| Total Outstanding | 0.00 | - | - |
| Total Withdrawn | 10.00 | - | - |
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Rating Rationale |
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Acuité has withdrawn the long-term rating of the Rs. 10.00 Cr Bank Facilities of Livfin India Private Limited (LIPL). The same is withdrawn without assigning any rating as the Instrument is fully repaid and no longer an outstanding obligation of the company. The rating is being withdrawn on account of the request received from the company and the NOC received from the banker’s as per Acuité’s policy on withdrawal of ratings as applicable to the respective facility / instrument.
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| About the company |
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Delhi based, LivFin India Private Limited (LFIPL) is a RBI registered tech based NBFC which commenced operations in 2017. It uses a Anchor based financing model, forming partnerships with mid to large corporates and setting up lending programmes for their suppliers/vendors and distributors/dealers. They also provide invoice finance solutions for MSMEs through shortterm business loans to help enterprises procure working capital for critical supply chain operations. LFIPL has an active borrower base of 435 borrowers and Assets Under Management (AUM) of Rs. 401.22 Cr. as on March 31, 2022.
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| Unsupported Rating |
| None |
| Analytical Approach |
| Not Applicable |
| Key Rating Drivers |
| Strength |
| Not Applicable |
| Weakness |
| Not Applicable |
| Rating Sensitivity |
| Not Applicable |
| All Covenants |
| Not Applicable |
| Liquidity Position |
| Not applicable |
| Outlook: |
| Not Applicable |
| Other Factors affecting Rating |
| None |
| Key Financials - Standalone / Originator | ||||||||||||||||||||||||||||||||||||||||
*Total income equals to Net Interest Income plus other income
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| Status of non-cooperation with previous CRA (if applicable): |
| Not Applicable |
| Any other information |
| None |
| Applicable Criteria |
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• Application Of Financial Ratios And Adjustments: https://www.acuite.in/view-rating-criteria-53.htm • Banks And Financial Institutions: https://www.acuite.in/view-rating-criteria-45.htm • Complexity Level Of Financial Instruments: https://www.acuite.in/view-rating-criteria-55.htm • Explicit Credit Enhancements: https://www.acuite.in/view-rating-criteria-49.htm • Non-Banking Financing Entities: https://www.acuite.in/view-rating-criteria-44.htm |
| Note on complexity levels of the rated instrument |
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In order to inform the investors about complexity of instruments, Acuité has categorized such instruments in three levels: Simple, Complex and Highly Complex. Acuite’ s categorisation of the instruments across the three categories is based on factors like variability of the returns to the investors, uncertainty in cash flow patterns, number of counterparties and general understanding of the instrument by the market. It has to be understood that complexity is different from credit risk and even an instrument categorized as 'Simple' can carry high levels of risk. For more details, please refer Rating Criteria “Complexity Level Of Financial Instruments” on www.acuite.in.
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About Acuité Ratings & Research |
