Compensation Policy

POLICY ON GENERAL NATURE OF COMPENSATION ARRANGEMENTS FOR RATED ENTITIES

(As per clause no 8.2.1 of SEBI Master Circular dated May 16, 2024)

Version V

INFOMERICS shall follow a transparent policy on initial rating fees and surveillance fees to be charged to the clients for extending the services for rating their various instruments. We are extending different rating products. Therefore, as per practice and for the sake of convenience the fee shall be computed as a percentage of debt amount to be rated subject to collection of minimum fees to cover our cost.

The proposed fee structure for different products is given below:

Type of Product	Rack Rate w.e.f 5th May, 2025
BANK LOAN RATING	Initial Rating fee – Maximum 0.10%of the debt/facility amount to be rated subject to a minimum fee of Rs. 50,000/- Annual Surveillance fee – Maximum 0.04%of the debt/facility amount being rated subject to a minimum fee of Rs. 40,000/-
FIXED DEPOSITS	Initial rating fee - Maximum 0.06% of the outstanding amount of Fixed Deposits subject to a minimum of Rs.250,000/- Annual Surveillance fee - 0.03% of the Fixed deposit limit being rated subject to a minimum fee of Rs. 150,000/-.
DEBENTURES /BONDS/NCDs	Initial rating fees - Maximum 0.10% of the issue amount subject to a minimum of Rs.-1,50,000/- Annual Surveillance fee-- Maximum 0.03% of the debt/facility amount being rated subject to a minimum fee of Rs. 1,00,000/-.
COMMERCIAL PAPERS	Initial rating fees-- Maximum 0.06% of the issue amount subject to a minimum of Rs.1,50,000. Annual Surveillance fee – Maximum 0.03% of the facility amount being rated subject to a minimum fee of Rs. 100,000/-
ISSUER RATING	Initial rating fees --Minimum of Rs 150,000/- Annual Surveillance fee -shall also be minimum of Rs. 1,00,000/-
IPO MONITORING AGENCY ASSIGNMENT	Fee to be charged based on issue size, tenor of the utilisation of the funds etc. Rating fee – Maximum 0.10% of the equity amount being raised and to be monitored for utilisation, subject to a minimum fee of Rs. 2,00,000/-.
DA POOL RATING FOR NBFCs	Rating fee – Maximum 0.05 % of the DA pool amount to be rated subject to a minimum fee of Rs. 1,00,000/-
PASS THROUGH CERTIFICATE(PTC) RATING	Initial rating fees – Maximum 0.05 % of the PTC amount to be rated subject to a minimum fee of Rs. 1,00,000/- Annual Surveillance fee - 0.03% of the outstanding PTC amount being rated subject to a minimum fee of Rs. 50,000/-
SECURITY RECEIPTS(SR) RATING	Initial Rating fee – Maximum 0.03% of the SR amount, subject to a minimum fee of Rs. 40,000/- Annual Surveillance fee – Maximum 0.015% of the SR amount being rated subject to a minimum fee of Rs. 30,000/-
RESOLUTION PLAN (RP) RATING	Rating fee – Maximum 0.10 % of the residual debt being rated, subject to a minimum fee of Rs. 2,00,000/-

GENERAL INSTRUCTIONS:

This new compensation policy shall be applicable for all new mandates sourced w.e.f. 05/05/2025 and for all existing transaction/s, where we have already received mandate before (date to be confirmed), we will continue with agreed fee structure/s, based on already signed mandate/s.
INFOMERICS may consider alternative price structure for each clientele on case-to-case basis based on the industry type, facility proposed for rating and complexity of the rating exercise.
The fees for initial rating and annual surveillance shall be mutually agreed as per mandate and shall be payable in advance. The fees received shall be Non-Refundable.
All fees quoted shall be excluding the GST and any other taxes applicable or applied later by the government.
Out-of-pocket expenses for site visit etc. if any, will be charged to the client on actual basis.
The initial rating fees/annual surveillance fees shall be paid upfront in full before the assignment is completed.
Rating fees are computed separately on each instrument rated.
INFOMERICS shall have a separate compensation policy for rating Government departments, undertakings, corporations and for tender bidding.
This disclosure is being made as per the directions of Reserve Bank of India vide communication no DBOD/BP/No./5382/21.06.007/2012-13 dated April 26, 2013 and Clause 8.2.1 of SEBI Master Circular dated May 16, 2024.

Note: Policy approved by the board members on 30th April 2025 (Version V)

Compensation Policy

Compensation Policy

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