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CRISIL Ratings Limited (A subsidiary of CRISIL Limited, an S&P Global company)

Company Factsheet

Click here to view Sebi Industry Classification Structure

Our recommendations

TMF Business Services Limited

Basic Industry : Non Banking Financial Company (NBFC) | Rating Outstanding as on April 24, 2024

Instrument Category
Long Term
Ratings
CRISIL AA
Outlook
Positive as of March 13, 2024
View Instrument

Rs. 200 Crore Proposed Long Term Bank Loan Facility

Instrument Category
Short Term
Ratings
CRISIL A1+
Outlook
View Instrument

Rs. 500 Crore Commercial Paper

Rating Rationale

TMF Business Services Limited:Ratings Reaffirmed as on 13-MAR-2024

Past rating rationales

Interested in a detailed credit rating report @ ₹5000?

Structured Finance

PR Date
14-NOV-22
Transaction
INDIAN RECEIVABLE PGDA DEC 20 A
Tranche Name
Acquirer payouts
Amount
Rs.249.62 Crore under
Ratings
Withdrawn
Archives
View

PR Date
14-NOV-22
Transaction
INDIAN RECEIVABLE PGDA DEC 20 B
Tranche Name
Acquirer
Amount
Rs.94.66 Crore under
Ratings
Withdrawn
Archives
View

PR Date
08-JUN-22
Transaction
INDIAN RECEIVABLE PGDA DEC19 C
Tranche Name
Acquirer payouts
Amount
Rs.459.91 Crore under
Ratings
Withdrawn
Archives
View

PR Date
14-NOV-22
Transaction
INDIAN RECEIVABLE PGDA NOV 20 A
Tranche Name
Acquirer payouts
Amount
Rs.154.4 Crore under
Ratings
Withdrawn
Archives
View

PR Date
30-JAN-23
Transaction
INDIAN RECEIVABLE TRUST JUNE19 B
Tranche Name
Second loss facility
Amount
Rs.36.8 Crore under
Ratings
Withdrawn
Archives
View

PR Date
30-JAN-23
Transaction
INDIAN RECEIVABLE TRUST JUNE19 B
Tranche Name
Series A PTCs
Amount
Rs.802.78 Crore under
Ratings
Withdrawn
Archives
View

PR Date
28-DEC-21
Transaction
INDIAN RECEIVABLE TRUST SEP18 A
Tranche Name
Second Loss Facility
Amount
Rs.46.66 Crore under
Ratings
Withdrawn
Archives
View

PR Date
28-DEC-21
Transaction
INDIAN RECEIVABLE TRUST SEP18 A
Tranche Name
Series A PTCs
Amount
Rs.666.52 Crore under
Ratings
Withdrawn
Archives
View

PR Date
31-MAR-16
Transaction
Indian Receivable Trust August 2013-A
Tranche Name
Second Loss Facility
Amount
Rs.24.44 Crore under Asset Backed Securities
Ratings
Withdrawal
Archives
View

PR Date
31-MAR-16
Transaction
Indian Receivable Trust August 2013-A
Tranche Name
Series A PTCs
Amount
Rs.385.16 Crore under Asset Backed Securities
Ratings
Withdrawal
Archives
View

PR Date
28-DEC-15
Transaction
Indian Receivable Trust Dec 2012-A
Tranche Name
Second loss facility
Amount
Rs.4.48 Crore under Asset Backed Securities
Ratings
Withdrawal
Archives
View

PR Date
28-DEC-15
Transaction
Indian Receivable Trust Dec 2012-A
Tranche Name
Series A PTCs
Amount
Rs.95.95 Crore under Asset Backed Securities
Ratings
Withdrawal
Archives
View

PR Date
28-DEC-15
Transaction
Indian Receivable Trust Dec 2012-B
Tranche Name
Second loss facility
Amount
Rs.12.73 Crore under Asset Backed Securities
Ratings
Withdrawal
Archives
View

PR Date
28-DEC-15
Transaction
Indian Receivable Trust Dec 2012-B
Tranche Name
Series A PTCs
Amount
Rs.144.98 Crore under Asset Backed Securities
Ratings
Withdrawal
Archives
View

PR Date
25-NOV-22
Transaction
Indian Receivable Trust Jun 19 A
Tranche Name
Second loss facility
Amount
Rs.22.02 Crore under
Ratings
Withdrawn
Archives
View

PR Date
25-NOV-22
Transaction
Indian Receivable Trust Jun 19 A
Tranche Name
Series A PTCs
Amount
Rs.366.96 Crore under
Ratings
Withdrawn
Archives
View

PR Date
19-OCT-22
Transaction
Indian Receivable Trust MAR19 B
Tranche Name
Second loss facility
Amount
Rs.9.04 Crore under
Ratings
Withdrawn
Archives
View

PR Date
19-OCT-22
Transaction
Indian Receivable Trust MAR19 B
Tranche Name
Series A PTCs
Amount
Rs.106.07 Crore under
Ratings
Withdrawn
Archives
View

PR Date
14-JUN-22
Transaction
Indian Receivable Trust MAR19 C
Tranche Name
Second Loss Facility
Amount
Rs.4.17 Crore under
Ratings
Withdrawn
Archives
View

PR Date
14-JUN-22
Transaction
Indian Receivable Trust MAR19 C
Tranche Name
Series A PTCs
Amount
Rs.190.92 Crore under
Ratings
Withdrawn
Archives
View

PR Date
14-OCT-20
Transaction
Indian Receivable Trust Mar 2018 A
Tranche Name
Second loss facility
Amount
Rs.41.71 under Structured Obligation
Ratings
Withdrawal
Archives
View

PR Date
14-OCT-20
Transaction
Indian Receivable Trust Mar 2018 A
Tranche Name
Series A PTCs
Amount
Rs.521.39 under Structured Obligation
Ratings
Withdrawal
Archives
View

PR Date
28-DEC-15
Transaction
Indian Receivable Trust November 2012-A
Tranche Name
Second loss facility
Amount
Rs.11.74 Crore under Asset Backed Securities
Ratings
Withdrawal
Archives
View

PR Date
28-DEC-15
Transaction
Indian Receivable Trust November 2012-A
Tranche Name
Series A PTCs
Amount
Rs.133.84 Crore under Asset Backed Securities
Ratings
Withdrawal
Archives
View

PR Date
28-DEC-15
Transaction
Indian Receivable Trust October 2012-A
Tranche Name
Second loss facility
Amount
Rs.8.88 Crore under Asset Backed Securities
Ratings
Withdrawal
Archives
View

PR Date
28-DEC-15
Transaction
Indian Receivable Trust October 2012-A
Tranche Name
Series A
Amount
Rs.142.67 Crore under Asset Backed Securities
Ratings
Withdrawal
Archives
View

PR Date
09-DEC-22
Transaction
Indian Receivable Trust SEP19 E
Tranche Name
Series A PTCs
Amount
Rs.151.66 Crore under
Ratings
Withdrawn
Archives
View

PR Date
28-DEC-15
Transaction
Indian Receivable Trust September 2012-A
Tranche Name
Second loss facility
Amount
Rs.24.37 Crore under Asset Backed Securities
Ratings
Withdrawal
Archives
View

PR Date
28-DEC-15
Transaction
Indian Receivable Trust September 2012-A
Tranche Name
Series A PTCs
Amount
Rs.434.7 Crore under Asset Backed Securities
Ratings
Withdrawal
Archives
View

PR Date
28-SEP-12
Transaction
Indian Receivable Trust September 2012-A
Tranche Name
Amount
Rs.39.72 Crore under Asset Backed Securities
Ratings
CRISIL BBB(SO)
Archives
View

PR Date
28-DEC-15
Transaction
Indian Receivable Trust September 2012-B
Tranche Name
Second loss facility
Amount
Rs.6.8 Crore under Asset Backed Securities
Ratings
Withdrawal
Archives
View

PR Date
28-DEC-15
Transaction
Indian Receivable Trust September 2012-B
Tranche Name
Series A
Amount
Rs.139.14 Crore under Asset Backed Securities
Ratings
Withdrawal
Archives
View

PR Date
29-MAY-19
Transaction
Indian Receivable Trust September 2016 A
Tranche Name
Second loss facility
Amount
Rs.46.35 under Structured Obligation
Ratings
Withdrawal
Archives
View

PR Date
29-MAY-19
Transaction
Indian Receivable Trust September 2016 A
Tranche Name
Series A PTCs
Amount
Rs.747.24 under Structured Obligation
Ratings
Withdrawal
Archives
View

PR Date
15-JAN-15
Transaction
TMFL Direct Assignment A December 2010
Tranche Name
Amount
Rs.199.97 Crore under Asset Backed Securities
Ratings
Withdrawal
Archives
View

PR Date
11-DEC-14
Transaction
TMFL Direct Assignment A February 2011
Tranche Name
Acquirer Principal
Amount
Rs.238.27 Crore under Asset Backed Securities
Ratings
Withdrawal
Archives
View

PR Date
18-FEB-14
Transaction
TMFL Direct Assignment A June 2009
Tranche Name
Acquirer Payout
Amount
Rs.178.8 Crore under Asset Backed Securities
Ratings
Withdrawal
Archives
View

PR Date
18-FEB-14
Transaction
TMFL Direct Assignment A March 2010
Tranche Name
Series A1 PTCs
Amount
Rs.199.99 Crore under Asset Backed Securities
Ratings
Withdrawal
Archives
View

PR Date
11-AUG-14
Transaction
TMFL Direct Assignment A September 2010
Tranche Name
Series A2 PTCs
Amount
Rs.330.55 Crore under Asset Backed Securities
Ratings
Withdrawal
Archives
View

PR Date
18-FEB-14
Transaction
TMFL Direct Assignment B August 2010
Tranche Name
Acquirer Payout
Amount
Rs.339.76 Crore under Asset Backed Securities
Ratings
Withdrawal
Archives
View

PR Date
19-FEB-14
Transaction
TMFL Direct Assignment B March 2010
Tranche Name
PTC Series A2
Amount
Rs.222.62 Crore under Asset Backed Securities
Ratings
Withdrawal
Archives
View

PR Date
19-FEB-14
Transaction
TMFL Direct Assignment C March 2010
Tranche Name
Series A1 pass-through certificates (PTCs)
Amount
Rs.335.16 Crore under Asset Backed Securities
Ratings
Withdrawal
Archives
View

PR Date
18-FEB-14
Transaction
TMFL's Direct Assignment B December 2009
Tranche Name
Acquirer Payout
Amount
Rs.344.87 Crore under Asset Backed Securities
Ratings
Withdrawal
Archives
View

PR Date
08-MAY-14
Transaction
TMFL's Direct Assignment B November 2009
Tranche Name
Second loss credit facility SLCF
Amount
Rs.351.23 Crore under Asset Backed Securities
Ratings
Withdrawal
Archives
View

PR Date
18-FEB-14
Transaction
TMFL's Direct Assignment C December 2009
Tranche Name
Series A2 PTCs
Amount
Rs.223.74 Crore under Asset Backed Securities
Ratings
Withdrawal
Archives
View

PR Date
11-DEC-14
Transaction
TMFSL Direct Assignment B December 2010
Tranche Name
Acquirers Payouts (Principal)
Amount
Rs.199.94 Crore under Asset Backed Securities
Ratings
Withdrawal
Archives
View

Benchmark Report

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