Sharekhan is an equities focused organisation tracing its lineage to SSKI, a veteran equities solutions company with over five decades of experience in Indian stock markets. Sharekhan brings to you a user-friendly online trading facility, coupled with a wealth of content that will help you stalk the right shares. We also run an extensive all-India ground network of franchisees across the country. Sharekhan Financial Services Private Ltd Incorporated in November 2004 as a wholly owned subsidiary of Sharekhan Ltd, SFSL was primarily involved in the business of share trading till FY07. In April 2007 the proprietary (arbitrage) book of SFSL was transferred to the parent company and currently SFSL is engaged in the IPO funding business only. SFSL is registered with RBI as a Non-Banking Financial Institution (NBFC) During FY06-07, SFSL booked a net profit of Rs 23.92 million on a total income of Rs 1.09 billion as compared to a net profit of Rs 8.75 million booked on a total income of Rs 25.36 million in FY05-06. As on March 31, 2007 SFSL had a networth of Rs 0.13 billion and the parent - Sharekhan Ltd has infused another Rs 0.10 billion of equity capital in January 2008. ICRA has assigned the A1 (pronounced A one) rating to the Rs 2 billion short -term debt programme of ShareKhan Financial Services Pvt Ltd (SFSL) for IPO financing. The rating indicates the highest-credit-quality rating assigned by ICRA to shortterm debt instruments. Instruments rated in this category carry the lowest credit risk in the short term. Within this category, certain instruments are assigned the rating of A1+ to reflect their relatively stronger credit quality. The rating factors in the parentage of Sharekhan Ltd (100% ownership) having adequate experience in the retail equity broking. The rating also factors in the favorable “Sharekhan” brand image, group’s comfortable capitalisation, and adequate risk management systems employed by the Company. The rating is constrained by the dependence of SFSL on the cyclical nature of Sharekhan Ltd’s primary business of equity broking, and short track record of IPO financing and margin funding.
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