PROJECT NBFC’s AND MICROFINANCE
Submitted By, XYZ
CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LIMITED
Cholamandalam Investment and Finance Company Limited (Chola), incorporated in 1978 as the financial services arm of the Murugappa Group. Chola commenced business as an equipment financing company and has today emerged as a comprehensive financial services provider offering vehicle finance, home loans, home equity loans, SME loans, investment advisory services, stock broking and a variety of other financial services to customers. Chola operates from 725 branches across India with assets under management above INR 35,000 Crores. The subsidiaries of Chola are Cholamandalam Securities Limited (CSEC), Cholamandalam Distribution Services Limited (CDSL) White Data Systems India Private Limited (WDSI).
vision The vision of Chola is to enable customers enter a better life. Chola has a growing clientele of over 8 lakh happy customers across the nation. Ever since its inception and all through its growth, the company has kept a clear sight of its values. The basic tenet of these values is a strict adherence to ethics and a responsibility to all those who come within its corporate ambit - customers, shareholders, employees and society. VISIT:
Cholamandalam
Company History - Cholamandalam Investment & Finance Company Ltd. YEAR EVENTS 1978 - The Company promoted by the Murugappa Group was incorporated on 17th August at Chennai as a Public Limited Company. The Company leads with Hire purchase and leasing services for acquiring industrial equipments, computers and consumer durables. 1980 - 1,00,000 shares taken up by promoters, directors, etc. 1,50,000 shares offered at par to the public in February 1980. In 1986 - The Company offered 6,00,000 Rights equity shares of Rs 10 each linked to 4,00,000 - 15% secured redeemable non-convertible debentures of Rs 100 each in the proportion 30 equity shares and 20 debentures: 50 equity shares held. The debentures are redeemable at a premium of Rs 5 per debenture on the seventh year from the date of allotment of debentures. 1990 - 8,00,000 bonus shares issued in prop. 1:2. 16,00,000 Rights equity shares issued to holders prior to bonus issue (prem. Rs 3 per share; prop. 1:1). Additional 2,32,035 shares allotted to retain oversubscription. Another 8,00,000 shares offered (prem. Rs 3 per share) to employees (only 15,400 shares taken up). In 1992 - The subsidiary Companies Cholamandalam Software Ltd. was amalgamated with Cholamandalam Factoring Ltd. and Cholamandalam Housing Finance Ltd. and Cholamandalam Lease and Hire Purchase Ltd. ceased to be the subsidiaries of the Company. - The Company has augmented its product range by introducing "Gold Nest-Child Education Fixed Deposit Scheme". In 1994 - The Company made an issue of Commercial Paper to the extent of Rs.12 crores which was rated by CRISIL as P1+, the highest rating for the issue of Commercial Paper. The Company has already set up a Merchant Banking Division during the year under review which is expected to contribute significantly to the product range and profits for the future. The Company
undertook to diversify into related financial services like Mutual Funds, securities trading and risk management through subsidiaries/joint venture companies. The Company also issued through prospectus 42,49,900 No. of equity shares of Rs 10 each at a premium of Rs 90 per share of which 8,49,900 shares and 8,49,900 shares to banks and financial institutions. Of the balance, 8,49,900 shares were reserved for allotment on a preferential basis to NRIs. Remaining 17,00,200 shares were issued to the public 1996 - The Company signed a MOU with Guardia Royal Exchange Insurance Group, U.K. for risk management services. Cholamadalam Factoring Ltd., Cholamandalam Securities Ltd. & Cholamandalam Hazard Management Ltd. are subsidiaries of the Company. - Cholamandalam Hazard Management Limited (CHML), a Joint Venture with M/s. Hazard Management Limited of U.K., has commenced operations to provide advisory services in the area of industrial risk management. 1997 - The Company's Joint Venture with Cazenove Fund Management Limited of U.K., Cholamandalam Cazenove AMC Limited launched its maiden mutual fund scheme in February. - The Company has signed a Memorandum of Understanding with Guardian Royal Exchange Insurance Group. U.K. for risk management services. -
The
maiden
mutual
fund
was
launched.
1998 - The Company, the financial services arm of the Rs.2,600 crore Murugappa group and the UK-based Guardian Royal Exchange plc have signed up a joint venture agreement to undertake risk management consultancy. - The Company, part of Murugappa group has opted for a dual rating, and has obtained the best rating from ICRA. 1999 - The Company has joined hands with the world's largest insurance company, the $655bn (assets under management) Axa S.A.-France, to enter the non-life insurance business in India. - Cholamandalam is also in talks with Axa to forge an agreement where the premium incomes received by both insurance ventures will be managed by its 51:49 joint venture Cholamandalam Cazenove AMC Ltd. 2000 - New Ambadi Investments Pvt Ltd (NAIL) has acquired 35,29,959 (14.9 per cent) equity shares of the company and consequently its present holding stands at 29,45,113 (17.32 per cent). - ICRA has assigned an MAAA rating to the Rs. 50 crore medium term debenture programme of the company. - Cholamandalam Distribution Services Ltd. has become a wholly owned subsidiary of the company effective September 28 subscribing a private placement of 15,00,000 No. of equity shares of Rs 10 each at par of CDSL. - Cholamandalam Distribution Services a subsidiary of Cholamandalam Investment and Finance Company, has signed a MoU with HDFC Standard Life Insurance for distributing latter's products. 2002
- Cholamandalam Investment & Finance Company Ltd has informed that the Board of Directors of the Company approved the changes in the Board: (1) Appointment of Mr A Vellayan as an Additional Director of the Company. He will be a non-executive Director on the Board.(2) Appointment of Mr Partho S Datta Director as a Wholetime Director of the Company w e f April 01, 2002. -Cholamandalam Investment & Finance Company Ltd has informed BSE that the Board has issued secured redeemable non-convertible debentures and short term redeemable non convertible debentures up to an amount of Rs 2000 million each on private placement basis to mutual funds/institutions/banks/bodies corporate/individuals or other agencies.
Subsidiaries Cholamandalam Securities Limited (CSEC) White Data Systems India Private Limited (WDSI) Incorporated in April, 2015, WDSI seeks to improve reliability and quality of freight service through innovative and integrated technology solutions to the road freight & transport sector through its i-Loads platform. WDSI provides a holistic and comprehensive range of services, providing tangible bene-ts to truck operators, booking agents, brokers and load providers at an optimal price. WDSI currently operates from over 15+ branches across India with a growing network of over 3,500 trucks, 1,700 truck drivers and 100+ load providers. With the use of cutting edge technology solutions, the i-Load platform provides transport service providers with new and scalable business opportunities that will lead to increased truck utilisation, sustained growth and better economic opportunities. A wholly owned subsidiary company of Cholamandalam Investment and Finance Company Limited, CDSL offers full scale wealth management services to mass afuent and afuent customer segments and is a national distributor of various investment products such as Mutual Funds, Insurance, Bonds and Fixed Deposits. CDSL is an AMFI Registered Distributor for Mutual Funds and a Composite Corporate Agent under IRDA for HDFC Standard Life Insurance Company Limited and Cholamandalam MS General Insurance Company Limited. A wholly owned subsidiary of Chola, CSEC is in the business of stock broking, -nancial products distribution and depository participant services. HNI and retail clients get personalized services and advice with regard to investment in equity and debt. SEBI certi-ed research team offers in-depth company analysis that helps clients make informed investment
PRODUCTS AND SERVICES PROVIDED BY THE COMPANY Vehicle Finance
Home Equity Loans Wealth Management Services Security Service SME Loans Rural & Agri Loans Home Loans
Vehicle Finance
For the past 20 years, Chola has created value for its customers by
supporting them in becoming entrepreneurs in the field of commercial transportation. Chola has financed over 750,000 customers, and increasing by over 15,000 new customers every month. Chola enjoys a valued and stable relationship with manufacturers and dealers, one of the key reasons, why it is a leader in the commercial vehicle segment.
Key Features: · · · · ·
Loans from INR 1 lakh onwards Loans for both new and used vehicles Motor Insurance, life insurance and personal accident cover Relationship managers to assist you in all your loan needs Presence in over 577 branches across the country
Home Equity Loans Switch to a better life! Enjoy financial freedom!
Chola believes that nothing is impossible for those who aspire to enter a better life. Loans against your property is intended to finance all your dreams and that of your family members. You could use the additional revenue for a multiple requirements, the choice is yours.
Key Features: · Loans from INR 10 Lakhs up to INR 5 Crores · Secured long term loans · Floating rate of interest · Exclusive products for the self-employed · Fast track approval process · Interest rate lower than other modes of raising funds · Loan processing in 5-7 working days · Transfer of existing equity loan possible · Part pre-payment of loan facility available · Offices in 75 branches across India
Wealth Management Services CHOLAMANDALAM DISTRIBUTION SERVICES LIMITED (CDSL)Progress your goals. Secure your future for the better.Cholamandalam Distribution Services Limited (CDSL) offers a broad spectrum of specialized solutions that help both private individuals and financial professionals to manage wealth effectively. Whether you want to build, manage or preserve your wealth, we offer tailor-made solutions. CDSL takes the time to understand your needs, plan a strategy and offer you the flexibility to choose from a basket of options.Our Products:
Mutual Funds
Fixed deposits and bonds
Life & General Insurance
Home Loan
Key Features:
Unbiased and client centric approach
Dedicated Relationship Manager
Risk profiling and financial planning
Goal specific solutions
Security Service
CHOLAMANDALAM SECURITIES LIMITED (CSEC)Encouraging you to invest in a Better FutureCSEC is a corporate member of both, the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). Our operations include stock broking services for trading in stock markets through our branch network, online platform and execution of financial products like IPOs, Mutual funds, Bonds and Exchange Traded funds. We are also a depository participant with National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited.Our Products:
Mutual Funds
Stock & Derivatives
Internet broking
Demat Services
Exchange Traded Funds
Bonds
Our Expertise:
Comprehensive understanding of the investment market
Backed by strong research and advisory skills
Offer analyses and insights to keep your investment performance on track
Transparency in dealing with our customers
Multiple products and brokerage plans to suit your needs
Successfully serviced over 100,000 customers across the nation
SME Loans Better your business potential with SME LoansChola SME Loans are business loans created exclusively for Small and Medium Enterprises to grow and diversify their business. Chola offers a range of financial solutions to meet your specific short-term or long-term funding and business expansion requirements.Explore the Possibilities!
Loans can be used for purchasing, installing or modernizing business equipment and other fixed assets
Term loans can support your business expansion plans or acquisitions
Can be used to refinance an existing debt
Helps you stabilize your payment schedule by providing consistent payment amounts
Provides peace of mind by maintaining your loan carrying costs when interest rates rise
Key Features:
Loans ranging from INR 10 Lakhs up to INR 5 Crores
Convenient repayment options
Flexible tenure
Floating or fixed rate of interest
Loans for small and medium business
Loans to any Private LTD, Partnership or Proprietorship Company
Acceptable Collateral: Commercial Property | Residential Property | Industrial / Factory Land and Building
Rural & Agri Loans Sowing seeds of prosperity for a Better LifeChola is committed to supporting farmers and agricultural businesses across the nation in facing the unforeseen challenges of the future. Chola provides financial solutions to the farming community to help them enter a better life. Our Relationship Managers understand their needs and help them choose the right type of loan.Key Features:
Loans for purchase of Tractors and farming equipments
Quick processing and hassle-free documentation
Convenient and easy repayment options
Enabling ownership opportunities for the Rural-Agri class
Home Loans Enter a Better Home. Your Home!Chola is of the belief that every family should own a home. Chola offers home loans to suit all budgets, convenient repayment options and fast track approval process. Chola supports your dreams of purchasing a home by offering you guidance on choosing the right loan. We have over 577 branches across India making it easier to service your loan needs.Our Offerings:
Home Loans for Self construction
Loans for purchase of plots
Loans for purchase of ready to occupy homes
Balance transfer of existing home loan
Last Three years financial Analysis 17-Mar EQUITIES AND LIABILITIES
16-Mar
15-Mar
SHAREHOLDER'S FUNDS Equity Share Capital 156.34 Preference Share Capital 0 Total Share Capital 156.34 Reserves and Surplus 4,156.33 Total Reserves and Surplus 4,156.33 Total Shareholders Funds 4,312.67 Equity Share Application Money 0.18 NON-CURRENT LIABILITIES Long Term 15,104.5 Borrowings 7 Other Long Term Liabilities 196.93 Long Term Provisions 586.21 Total Non-Current 15,887.7 Liabilities 1 CURRENT LIABILITIES Short Term Borrowings 9,102.20 Trade Payables 275.13 Other Current Liabilities 1,056.82 Short Term Provisions 86.44 Total Current 10,520.5 Liabilities 8 Total Capital And 30,721.1 Liabilities 4 ASSETS NON-CURRENT ASSETS Tangible Assets 118.13 Intangible Assets 21.95 Fixed Assets 140.08 Non-Current Investments 192.44
156.21
143.73
0 156.21 3,501.17
500 643.73 2,528.92
3,501.17
2,528.92
3,657.38
3,172.66
0.03
0.68
10,934.73 12,447.50 82.02
42.59
492.77
320.56
11,509.52 12,810.64
11,641.49 196.39
7,027.74 150.71
728.25
645.53
155.25
65.26
12,721.38
7,889.25
27,888.31 23,873.23
105.41 5.91 111.32
64.72 3.61 68.33
64.68
60.18
Deferred Tax Assets [Net] Long Term Loans And Advances Other Non-Current Assets Total Non-Current Assets CURRENT ASSETS Current Investments Cash And Cash Equivalents Short Term Loans And Advances OtherCurrentAssets Total Current Assets
315.16
281.49
183.62
117.23 18,254.82 15,530.72 20,481.5 2 448.51 605.09 21,246.4 3 19,160.83 16,447.94 46.1
1.89
7.3
486.98
490.47
340.66
51.1 8,890.53
7,759.80 475.32
6,735.15 342.17
9,474.71 8,727.48 7,425.28 30,721.1 Total Assets 4 27,888.31 23,873.23 OTHER ADDITIONAL INFORMATION CONTINGENT LIABILITIES, COMMITMENTS Contingent Liabilities 831.9
374.25
144.23
CIF VALUE OF IMPORTS EXPENDITURE IN FOREIGN EXCHANGE Expenditure In Foreign Currency 1.61
3.39
5.17
3.07
-
-
-
0.8
0.8
REMITTANCES IN FOREIGN CURRENCIES FOR DIVIDENDS Dividend Remittance In Foreign Currency 5.83 EARNINGS IN FOREIGN EXCHANGE FOB Value Of Goods Other Earnings BONUS DETAILS Bonus Equity Share Capital 0.8