Press Release March 04, 2025 SELVAGANPATHY LEASING AND FINANCE LIMITED Rating Withdrawn

Product	Quantum (Rs. Cr)	Long Term Rating	Short Term Rating
Fixed Deposits (FD)	3.00	Not Applicable | Withdrawn	-
Total Outstanding	0.00	-	-
Total Withdrawn	3.00	-	-

Rating Rationale

­Acuite has withdrawn its long-term rating on the Rs.3.00 Cr. Fixed Deposit Program of Selvaganpathy Leasing and Finance Limited (SLFL) without assigning any rating as there are no outstanding dues. The rating was put on "Notice of Withdrawal" in September 2024 and is now being withdrawn in line with Acuité’s policy on withdrawal of ratings as applicable to the respective facilities.

About the company

­Selvaganpathy Leasing and Finance Limited (SLFL) and its directors are Beerana Purushothaman Suresh, Beerana Purushothaman Sundar, Beerana Perumal Chettiar Purushothaman, Lingasamy Balu, Beerana Udaykumar Prasanth, Lakshmanan Indirani, Krishnaswamy Kuppuswamy, Beerana Perumal Chettiar Udayakumar and Kosanam Selvaraj Senthilkumar, incorporated in 1994, is a Tamil Nadu-based Non-Banking Finance Company (NBFC) engaged in vehicle financing (two, three and four-wheelers).

Unsupported Rating

­Not Applicable

Analytical Approach

­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 FY22 (Actual) FY21 (Actual) Total Assets Rs. Cr. 8.01 7.61 Total Income* Rs. Cr. 1.41 1.37 PAT Rs. Cr. 0.21 0.24 Net Worth Rs. Cr. 5.49 5.31 Return on Average Assets (RoAA) (%) 2.66 3.14 Return on Average Net Worth (RoNW) (%) 3.85 4.52 Debt/Equity Times 0.40 0.37 Gross NPA (%) - - Net NPA (%) - -

Status of non-cooperation with previous CRA (if applicable):

­Not Applicable

Interaction with Audit Committee anytime in the last 12 months (applicable for rated-listed / proposed to be listed debt securities being reviewed by Acuite)

Not applicable

Any other information

­None

Applicable Criteria

• Application Of Financial Ratios And Adjustments: https://www.acuite.in/view-rating-criteria-53.htm • Default Recognition: https://www.acuite.in/view-rating-criteria-52.htm • Fixed Deposit Programmes: https://www.acuite.in/view-rating-criteria-64.htm • Non-Banking Financing Entities: https://www.acuite.in/view-rating-criteria-44.htm

Note on complexity levels of the rated instrument

­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.

Rating History

Date Name of Instruments/Facilities Term Amount (Rs. Cr) Rating/Outlook 04 Sep 2024 Fixed Deposit Program Long Term 3.00 ACUITE B- (Notice of Withdrawal & Issuer not co-operating*) 14 Aug 2024 Fixed Deposit Program Long Term 3.00 ACUITE B- (Downgraded & Issuer not co-operating* from ACUITE B) 16 Aug 2023 Fixed Deposit Program Long Term 3.00 ACUITE B (Reaffirmed & Issuer not co-operating*) 19 Aug 2022 Fixed Deposit Program Long Term 3.00 ACUITE B (Reaffirmed & Issuer not co-operating*)

­

Annexure - Details of instruments rated

Lender’s Name ISIN Facilities Date Of Issuance Coupon Rate Maturity Date Quantum (Rs. Cr.) Complexity Level Rating Not Applicable Not avl. / Not appl. Fixed Deposit Program Not avl. / Not appl. Not avl. / Not appl. Not avl. / Not appl. 3.00 Simple Not Applicable|Withdrawn

Contacts

Mohit Jain Senior Vice President - Rating Operations Sahil Sawant Associate Analyst - Rating Operations	Contact details exclusively for investors and lenders Mob: +91 8591310146 Email ID: analyticalsupport@acuite.in

About Acuité Ratings & Research

­Acuité is a full-service Credit Rating Agency registered with the Securities & Exchange Board of India (SEBI). The company received RBI Accreditation as an External Credit Assessment Institution (ECAI) for Bank Loan Ratings under BASEL-II norms in the year 2012. Acuité has assigned ratings to various securities, debt instruments and bank facilities of entities spread across the country and across a wide cross section of industries. It has its Registered and Head Office in Kanjurmarg, Mumbai. Disclaimer: An Acuité rating does not constitute an audit of the rated entity and should not be treated as a recommendation or opinion that is intended to substitute for a financial adviser's or investor's independent assessment of whether to buy, sell or hold any security. Ratings assigned by Acuité are based on the data and information provided by the issuer and obtained from other reliable sources. Although reasonable care has been taken to ensure that the data and information is true, Acuité, in particular, makes no representation or warranty, expressed or implied with respect to the adequacy, accuracy or completeness of the information relied upon. Acuité is not responsible for any errors or omissions and especially states that it has no financial liability whatsoever for any direct, indirect or consequential loss of any kind, arising from the use of its ratings. Ratings assigned by Acuité are subject to a process of surveillance which may lead to a revision in ratings as and when the circumstances so warrant. Please visit our website (www.acuite.in) for the latest information on any instrument rated by Acuité. Please visit https://www.acuite.in/faqs.htm to refer FAQs on Credit Rating. Note: None of the Directors on the Board of Acuité Ratings & Research Limited are members of any rating committee and therefore do not participate in discussions regarding the rating of any entity.