Destiny is a tower of cards – nudge one just an inch and everything stacked on top comes crashing down
Darren Shan
You can read the rest of the post on Annual review of Satin Credit Care for FY19-20 here… Read the rest
Tag: Satin Credit Care
75 hidden gems Article
Recently I wrote an article for special edition of Indian Economy and Investing – 75 Hidden Gems
This is reproduced for you below. I am long on stock not traded in last 90 days
SATIN CREDIT – CASTING AWAY DEMONITISATION DEMONS
Satin Creditcare is a large microfinance company providing collateral free, microcredit facilities to economically active women in both rural and semi-urban areas. Satin Creditcare Network Limited(“Satin”) was conceptualized and founded in 1990 by Mr. HP Singh – a qualified Chartered Accountant with over 25 years of experience in retail finance industry. In around 27 years since its inception, Satin today is India’s second largest MFI (as of Jun 2017) having started its journey with individual microloans to urban shopkeepers. Today, the Company has an established, scalable and a sustainable business model. On a consolidated basis, Satin had an AUM of Rs. 4,493 Crores as on Sep 30, 2017. SCNL offers its clients a variety of loan products under the MFI segment. The company also offers a bouquet of financial products in the Non-MFI segment (comprising of loans to MSMEs), and business correspondent services & similar services to other financial Institutions through TSL, a business correspondent company and an 88% … Read the rest
Satin CreditCare – Ignore irritants ?
Update – 13/03/2016 : Post publication of this note, Rep from Satin credit care got in touch with me and provided some clarification on some concerns I had raised . I am editing this post to reflect same, This would provide completeness to a reader who is having similar questions.
Overall, I am happy that company has come forward and addressed our questions
Changes are highlighted in Red
Mid and small cap companies are not perfect diamonds there will be always something about them which we will dislike, As an investors we have to make a choice whether these irritants are ignorable or substantial
Over to case for today,
Satin Creditcare Network is one of the top ten largest[4th] Micro finance Institution (MFI) in India with an Asset under Management (AUM) of ~INR 25bn with primary focus on North & West India where it has a presence across 16 states and it is the largest player in terms of market share.
The investor presentation on their website gives a very good overview of business,their journey and important financial metrics.
Read the presentation here
Satin is in business of money, a commodity business, sourcing cheap money and lending … Read the rest