Valuation Policy:  Asset Acquired

The Company does not have a policy of obtaining a Valuation report of the Assets acquired because the Selling Banks have their benchmarks for selling. In contrast, the Company has an upper limit on the acquisition cost of such assets. Hence the Company had never called for any Valuation report for assets acquired.

From time to time, management may seek additional valuations outside the regular cycle if needed. The likely trigger events for such events include but are not limited to:

■ Change in ownership of an asset;

■ Unusual or unexpected values achieved on the actual sales of comparable assets;

■ Significant change in the value of similar assets in the markets;

■ Major change in the outlook for the asset or industry and its subsets ( credit card, motor vehicles, etc.;

■ A re-estimation of the critical assumptions used while purchasing the asset

■ Changes to the regulatory environment affecting an asset; or

■ Changes to the debt structure or loan covenants of an asset.