We formulate and implement a resolution strategy within six months of acquisition of a Financial Asset. During these six months we evaluate the Financial Asset on different parameters including viability of company, the promoter’s background and experience, legal issues, available security cover, etc. We analyze the viability of the company in depth including the industry, operations, projected and actual financials, consumers and government policy.
On the basis of our evaluation we take the following measures to resolve the financial asset:
- Restructure the debt payable by the company depending on its viability.
- Settle the debt with the borrower through a one-time settlement or a longer term settlement depending on the borrower’s availability and source of funds.
- Take over the management of the company and replace them with more suitable professionals.
- Take possession of the secured assets and sell or lease the whole or part of the asset through public auction or private treaty.