Debt Collection Agency Debt Nirvana's India Credit Risk Report

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Debt Nirvana is a Debt Collection Agency in India that recommends frequent Credit reviews of Receivables portfolio and revisit Credit lines.

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Type text Issue 1 August 13 View from the top India Credit Risk Report Contents View from the top Page1 Macro Economy Page2 Industry Scan Page3 View from the top  India’s economy expanded at 4.4 in April-June which is the 3rd successive quarter of sub-5 growth.  Indias current account deficit stood at 4.9 per cent of GDP was the 3rd highest in world absolute terms.  Indian rupee depreciates by 20 since Jan 2013.  IIP factory output for June declined 2.2 percent referencing slowdown broad based with 16 industries from consumer goods to manufacturing sectors witnessed a decline in output.  Standard Poor’s credit rating for India is BBB-.  Business Consumer confidence hit a record low.  Siam data indicates domestic sales of utility vehicles in July fell for the first time since 2009.  Consumer is holding back as economic uncertainty and higher interest rates are impacting buying decisions.  Debt Nirvana recommends due diligence to be exercised in extending Credit Lines to industries such as automobiles auto components airlines consumer durables oil marketing companies and manufacturing.  Debt Nirvana recommends frequent Credit reviews of Receivables portfolio and revisit Credit lines.  Debt Nirvana recommends increased focus to be attributed in recovery of debts which are in Past Due 90+ days bucket from the invoice date.  Debt Nirvana recommends doubling of efforts to recover bad debts as it would help in increasing cash flows and adding to bottom line. DISCLAIMER: RM Debt Nirvana Consulting has prepared this document on the basis of publicly available information and other sources believed to be reliable. This is intended for general information purpose only Page 1

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Type text Macro Economic Indicators DISCLAIMER: RM Debt Nirvana Consulting has prepared this document on the basis of publicly available information and other sources believed to be reliable. This is intended for general information purpose only Page 2

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Type text Industry Scan Industry Consumer Scan For any queries please do contact Ravi Malhotra at rvmdebtnirvana.com www.debtnirvana.com . DISCLAIMER: RM Debt Nirvana Consulting has prepared this document on the basis of publicly available information. Page 3

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