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Heckyl RAS Can Help Banks to Monitor Critical RBI Red Flag Alerts Seamlessly

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Heckyl has integrated RBI Alert screen in Risk Analytics System (RAS) which helps in the monitoring critical red flags defined by the central banks.

As per the RBI guidelines, the banks should have system which enables them to effectively monitor critical red flags on the portfolio companies. Some of the red flag alerts that the central bank has asked the banks to monitor are:

> Default in payment or bouncing of the high value cheques
> Raid by Income tax officials or other government authorities
> Escalation in project cost
> Resignation of the key personnel and frequent changes in the management
> Reduction in the stake of promoter / director

Our system has flagged news alerts on Eon Electric Ltd for default on payment of interest and repayment of principal amount under RBI Alert screen.

RBI Alerts

Moreover, RAS has also raised another news alert on Eon Electric for resignation of key personnel under RBI alert screen. Earlier this year, the company’s chairman and managing director Ved Prakash Mahendru resigned.

RBI Alerts 1

RAS also has email alert functionality so that you never miss on the critical RBI red flag alerts. RAS has delivered an alert on Eon Electric in the daily newsletter dated July 3 for the default on interest and repayment of loans. 

RBI Alerts in Email

RAS not only alerts you on the critical RBI red flag alerts but also helps in complying with the central bank audit without any hassle.

Heckyl RAS is the first of its kind innovative application that provides early warning signals through analysis of traditional and alternative datasets for identifying distress sectors and companies ahead of time.

To know more about Heckyl RAS, email us at info@heckyl.com.

Heckyl Risk Score Negative for 11 Companies from Nifty 50 Index

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Heckyl’s Risk Analytics System (RAS) has shown that the 11 out 50 Nifty companies have earned negative risk scores. The list of companies having negative risk scores was topped by Zee Entertainment, followed by Vedanta and Mahindra & Mahindra.

On the other hand, the Heckyl risk score has been the strongest for HDFC Bank in Nifty 50 companies. HDFC Bank was followed by HCL Technologies and Bajaj Finserv.

Image 1: Heatmap for Nifty 50

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Association of Person, named in Criminal case, with Multiple Companies A Red-flag

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Heckyl’s Risk Analytics System (RAS) is the first of its kind innovative application that provides early warning signals through analysis of traditional and alternative datasets for identifying distress sectors and companies ahead of time.

RAS is also a singular repository to carry out deeper levels of due diligence for compliance and related party risk assessment. Our application allows screening of KMPs, Directors, Companies, and Institutions by performing checks against:

  1. Litigation
  2. Regulatory Complaints
  3. Blacklists/ Defaulter List
  4. Sanctions by Global Authorities
  5. Politically Exposed People
  6. Adverse Media

Recently the Enforcement Directorate (ED) has filed a criminal case under the Prevention of Money Laundering Act (PMLA) against cardiologist Dr Naresh Trehan and others in connection with allotment of land for the Medanta Hospital in Gurgaon.

RAS has captured the adverse media coverage around Dr Trehan, who is director on the board of Global Health Patliputra Pvt Ltd.

Image 1: News Screen

A further deep-dive into RAS’s related parties dataset has revealed that Dr Trehan is/ was director on the boards of 27 companies. Our related parties screen captures both the active and inactive relationship of directors with the companies.

The companies on which Dr Trehan is/ was associated with are Medanta Holdings Pvt Ltd, Escorts Heart and Super Speciality Ltd, Jubilant Life Sciences Ltd, Punj Lloyd Ltd, Varun Beverages Ltd, Fresenius Kabi Oncology Ltd, Shama Estates Pvt Ltd and 20 other companies (highlighted in the below screen).

Image 2: Related Parties Screen

In our view, association of a person, who was named in a criminal case, with multiple companies is a potential red-flag for the lenders.

News Sentiment for 50+ Companies from BSE 500 Hits 2-Year Low

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Unstructured data sets such as News is the first credible source of information that can offer insights into both the present and future prospects of the company. The application of news data in the risk assessment of corporate borrowers helps in capturing important events and red-flags which can have impact on the company’s operations at a later date.

In our view, a significant drop in the company’s news sentiment can be a potential red-flag and at the same time, an early warning signal of future under-performance.
  
Our analysis of news data has shown a steep decline in sentiment score for 50+ companies from BSE 500 Index to a 2-year low. Here, we present the heat-map for top 20 companies witnessing significant drop in news sentiment score.

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Heckyl RAS Spots Multiple Red-Flags on Alternative Data Ahead of Deterioration in Financials

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The deterioration in financials of the company did not happen overnight. There are one or more events happening internally and/ or externally in a span of time that could hamper the company’s operations. Moreover, the impact of events is known only at the later stage after the announcement of financial results.

Tracking multiple events involving the large number of corporate borrowers in portfolio is a daunting task. In our view, the analysis of Alternative Datasets such as PF, Ownership, Directors, News Sentiment, Credit Rating, GST, Charges etc. can offer an Early Warning Signal to spot deterioration in financials ahead of time.

Heckyl’s Risk Analytics System (RAS) offers 360-Degree view on Risk Assessment of Portfolio Companies by capturing and analyzing 1. Delay in Employees’ Provident Fund (PF) contribution; 2. Adverse Media and News Sentiment; 3. Changes in the Promoter Ownership or Pledging; 4. Director Resignations; 5. Delay in GST filing; 6. Credit Rating; and 7. Creation of New Charge on Assets in addition to Financial Data.

Here, we highlight the top 10 companies which have witnessed multiple red-flags ahead of decline in Financial Score.

Timeline_Concise
RAS is the first of its kind innovative application that provides early warning signals through analysis of traditional and alternative datasets for identifying distress sectors and companies ahead of time.

To know more about Heckyl RAS, email us  at info@heckyl.com.