MAS Rural Housing & Mortgage Finance Limited

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Presentation transcript:

MAS Rural Housing & Mortgage Finance Limited INFORMATION MEMORANDUM

SR. NO. SLIDE NAME SLIDE NO. 1 INTRODUCTION 3 2 VISION 4 MISSION 5 BOARD OF DIRECTORS 6 THE PRODUCT 7 THE JOURNEY SO FAR AND TAKING IT FORWARD 8 MARKET SCENARIO 9 NETWORKING 11 DEVELOPMENT STRATEGY 12 10 ENABLERS 14 BUSINESS PLAN - MAS RURAL HOUSING & MORTGAGE FINANCE LIMITED 15

INTRODUCTION MAS RURAL HOUSING & MORTGAGE FINANCE LTD. (MRHMFL) is the housing finance company registered with National Housing Bank. It is promoted by MAS FINANCIAL SERVICES LIMITED (MAS). MAS FINANCIAL SERVICES LIMITED (MAS) is a specialized Retail Financing NBFC in business for over two decades. The company focuses on Financial Inclusion of unserved and underserved customers by providing finance to middle and lower income group through a range of products –MSE (Micro and Small Enterprise) loans, Two Wheelers, Three Wheelers and Multi Utility Vehicle finance to Individual Borrowers. MRHMFL aims to cater to the funding requirement of the vast segment of the society in the rural, Semi urban areas and urban low & middle income group for their housing, extension, renovation and also acquiring of commercial property especially for their business use. MRHMFL currently carry on its operations in Gujarat, Maharashtra, Rajasthan and Madhya Pradesh The Company has 37 branches catering to 1000 centers with centralized credit and back office system.  

Together realize the dream of every individual to “OWN a HOME” VISION Together realize the dream of every individual to “OWN a HOME”

MISSION To be a very significant provider of financial services in the housing loan segment, thereby being the catalyst in realizing the dreams of the millions of households, especially among the LIG and MIG class in semi urban and rural areas and create value on a very large scale.

BOARD OF DIRECTORS More than two decades of experience in the industry Mr. Kamlesh Gandhi Founder and Managing Director Chairman of Gujarat Finance Company Association & committee member of Finance Industry Development Council (FIDC). More than two decades of experience in the industry. Mr. Mukesh Gandhi Co founder and Director Finance Formerly associated with Gujarat Industrial Investment Corporation &Dean of ICFAI Business School Ahmedabad & presently with Shanti Business School, Ahmedabad. Mr. Bala Bhaskaran Professional Director & Independent Director Former General Manager of Gujarat state Finance Corporation & director of Som Lalit Institute of Management, Ahmedabad Mr. Jagdish Joshipura Professional Director More than 25 years of experience in Banking and Finance and a practicing Chartered Accountant Mr. Chetan Shah

The Product Tenure Loan Ticket Size Mode of Repayment Various Products Housing – New Housing – Resale Construction Extension & Renovation Commercial Property – New Commercial Property – Resale For livelihood financing Tenure Loans extended for tenure ranging from 3 to 20 years. Loan Ticket Size ` 2 Lacs to ` 35 Lacs. Average ticket size is ` 5-7 Lacs. Mode of Repayment Mode of repayment through PDCs irrespective of their current banking arrangement. Clients not having bank accounts are helped to open an account through tie-up with various banks.

The Journey so far….. And taking it forward….. For Sustainable livelihood and Employment Generation Housing Loan The Journey so far…….. 2009-2011 Taking it forward…. 2011–2015 The Impact.. 2009–2015 No. of clients *** 1,000 35,000 36,000 *** Belonging to MIG-LIG class of Rural, Semi Urban and Urban areas

Total Estimated Housing Requirement Housing Market Size in India Total Estimated Housing Requirement Rural 47 Mn. Houses Urban * 24.7 Mn. Houses Total 71.7 Mn. Houses HUGE * Source : Report of the technical group. Government of India. 11th five year plan – 2007-12

Targeted segment in affordable housing Urban India Scenario and Market Size 6.7cr. Urban India House Hold Opportunity Income Group No of House Hold % of House Hold Estimated affordability of House < Rs.75,000/- - 1.00cr. 15% - Rs.75,000/- to Rs.1,50,000/- 1.68cr. 25% Rs.2.5lacs to Rs.5.00lacs Rs.1,50,000/- to Rs.3,00,000/- 2.41cr. 36% Rs.5.00lacs to Rs.10lacs Rs.3,00,000/- to Rs.5,00,000/- 14% Rs.10lacs to Rs.16lacs > Rs.5,00,000/- 0.67cr. 10% > Rs.16lacs Targeted segment in affordable housing Unorganised Sector 50% to 60% MAS Plays an important role in serving this sector. Proven track record – 3 Lacs customers 500+ Categories Source: Indicus Analytics low cost housing in urban India presentation. Note : Affordability defined as household which have EMI/MHI ratio of 45% of a home loan which has a 15% down payment and 12% interest carrying loan for 15 years. 10

Networking Head Office: Ahmedabad Company is currently operating at 1000 centers through 26 branches in Gujarat, 6 branches in Maharashtra, 4 branches in Rajasthan and 1 Branch in Madhya Pradesh

Semi Urban : Talukas & Small towns Development Strategy Semi Urban : Talukas & Small towns Amt. ` in Cr. State No. of targeted Talukas approx. Formal Housing Informal Housing Commercial Property for livelihood Project Funding for affordable Housing Total POS Gujarat 100 30 195 40 35 300 Maharashtra 50 20 120 180 Rajasthan 15 5 10 60 MP Total 395 80 65 600 To create efficient distribution network at the taluka places. Target – Approx. ` 600 Cr. by 2018.

Urban Focus on the informal class & affordable projects. Development Strategy Urban Amt. ` in Cr. State No. of targeted districts approx. Formal Housing Informal Housing Commercial Property for livelihood Project Funding for affordable Housing Total POS Gujarat 20 125 25 190 Maharashtra 10 70 15 110 Rajasthan 7 5 40 MP 35 Total 44 240 50 45 375 Focus on the informal class & affordable projects. Target - Approx. ` 375 Cr. by 2018.

Understanding the segment : Distribution Network : Enablers To leverage on the vast experience of nearly two decades of catering to the MIG and LIG segment of the society. Experience : Customized loan products for the informal segment, especially in the semi urban and Urban areas. Customized credit screening and process designing to cater to the informal and the rural category of customers. Understanding the segment : Huge Market Size : Focus on rendering services to the villages, so far being the un-penetrated market. Extensive distribution network especially in the underpenetrated semi urban areas. Distribution Network : To leverage on the existing Customer, Developer & Referral base. Concentrated efforts to increase the customer base through well trained team. To develop the team by ensuring promising career through their empowerment. To focus on creating quality portfolio by following The basics : “Extending credit where it is due.” Process : Adherence and adaptability. To sharpen the learning curve through self assessment and peer’s analysis from time to time. Basic Fundamentals:

MAS RURAL HOUSING AND MORTGAGE FINANCE LTD. BUSINESS PLAN MAS RURAL HOUSING AND MORTGAGE FINANCE LTD. INR Mn. FY13 FY14 FY15 FY16 FY17 FY18 Total Income 46 108 247 479 792 1196   Total Expenditure 38 92 210 397 648 970 PBT 8 16 37 81 143 226 PAT 6 12 27 59 105 165 LIABILITIES Share Capital 144 244 394 544 Reserve & Surplus 15 44 86 163 290 Net Worth 159 170 187 330 556 833 Secured & Unsecured Loans 250 972 2391 4344 6794 9981 Current Liabilities 26 49 84 129 Other Liabilities 2 3 11 18 Total Liabilities 416 1153 2610 4734 7453 10969 ASSETS Fixed Assets 4 10 13 17 Loan Portfolio 407 1082 2467 4515 7151 10558 Other Current Assets 67 135 209 289 Other Non Current Assets 1 Total Assets STATUTORY AUDITOR : KALARIA & SAMPAT

Best Wishes