This is the Credit Reporting Policy of Elita Energy Private Limited. It describes how we manage your credit-related information and comply with our credit reporting obligations in the CICRA Credit companies (Regulation) Act 2005 (the “CIC Act”) and the Privacy 2022.

We may modify this Credit Reporting Policy from time to time. If we do, we will post the updated Credit Reporting Policy on our website.

This Credit Reporting Policy should be read in conjunction with:.

our Statement of Notifiable Matters (available at www.elitaenergy.com.

any other privacy or collection statement that we provide to you.

Types of credit-related information we collect and hold

We may collect your credit-related information from, or give your credit-related information to, credit reporting bodies.

If you have agreed to us obtaining a credit report about you, we may obtain the following types of credit-related information about you from a credit reporting body:

identification information (such as your name, address proof, Aadhar card, pan card, and driving license).

information about credit arrangements you have entered, and whether the terms of these arrangements have been varied.

information about credit applications you have made, and whether information about you has been sought from credit reporting bodies.

information about overdue payments and default listings, and subsequent payments made.

publicly available information related to your creditworthiness such as bankruptcy information and credit- related court judgments; and whether you have committed a serious credit infringement (e.g., credit-related fraud

We use the information that credit reporting bodies provide to create credit scores and risk assessments regarding your creditworthiness. The types of credit- related information we may share with credit reporting bodies include the following.

information about your overdue payments (if we have first notified you as required by the Privacy Act); and information about subsequent payments you have made.

How we collect your credit-related information.

We obtain some credit-related information directly from you, our customer (for example, from an application form you have completed, or when you apply to become an Elita Energy customer through one of our service providers).

We also obtain credit-related information from credit reporting bodies. For example, when you apply to become an Elita Energy customer, we may (either directly or through our service providers) obtain a credit report about you.

We may use this credit report, as well as other information we hold about you, to make our own assessment of your creditworthiness. For example, we may derive a credit score and risk profile analysis about you.

We may also obtain credit-related information about you from other sources, such as joint account holders, other credit. providers, internally from our records (past accounts with us) and publicly available information.

How we hold your credit-related information

The credit-related information that we hold is held in secure electronic databases.

Keeping your credit and personal information secure is important to us. We take precautions to protect such information from misuse, interference, and loss, and from unauthorized access, modification, or disclosure. Our security measures may include but are not limited to: Educating our employees about their obligations regarding your credit and personal information. ensuring our employees and service providers use passwords when accessing our systems using secure networks or encryption when transmitting electronic customer data. • storing information in secure data center’s; and • requiring that any third-party service providers handle your information in a manner consistent with the Privacy Act and Code

Purposes for which we collect, hold, use and disclose your credit-related information.

We collect, hold, use and disclose your credit-related information to:

assess your credit worthiness and make decisions about whether to provide credit to you

process your application and manage any credit that we provide to you

participate in the credit reporting system.

assist you to avoid defaults.

recover overdue amounts owed to us; and

comply with our legal and regulatory obligations.
We may (as permitted by the Privacy Act and the Code) disclose your credit-related information to a credit reporting body, whether before, during or after the provision of credit, including for the following purposes:
1) To obtain creditworthiness information about you; and
2) To report defaults.
We may also disclose your credit-related information for the following purposes:
3) Too our service providers who assist us by, for example, providing customer acquisition, onboarding and management and back-office services (this may include us sharing information about your creditworthiness e.g., the outcome of our credit checking processes).
4) to debt collection agencies for the purposes of recovering debts you owe to us.
5) to our legal and financial advisors; and
6) for other purposes, as required or authorized by law.
How you can access the credit-related information we hold about you Generally, you have a right to access the credit-related information we hold about you. Where we do not provide you with access, we will tell you why. Access requests should be made by contacting us using the details at the end of this Policy.
How you can seek the correction of the credit- related information we hold about you
You have the right to seek the correction of the credit- related information we hold about you. If we are satisfied that this information is inaccurate, out-of-date, incomplete, irrelevant, or misleading, we will take such
steps (if any) as are reasonable in the circumstances to correct the information. Where required, we will consult with relevant credit reporting bodies, or other credit providers, to assist in resolving your correction request. Where we do not comply with your correction request, we will tell you why. Correction requests should be made by contacting us using the details at the end of this Policy. Complaints
Should you have a complaint relating to a failure by Elita Energy to comply with our credit reporting obligations under the Privacy Act or the Code, we encourage you to inform us so that we can have the opportunity to remedy the issue and find a solution. You can do this by contacting us using the details at the end of this Policy.
If you make a complaint, we will:
• acknowledge your complaint in writing within 7 days
of you making the complaint; and • investigate the complaint.
If we consider that it is necessary to consult a credit reporting body or another credit provider about the complaint, we will do so.
After investigating your complaint, we will decide about the complaint and give you a written notice that:
• sets out the decision; and
• states that, if you are not satisfied with the decision, you may access an external dispute resolution scheme of which we are a vendor, or make a complaint to the Office of the Executive Director of (” MNRE”),
within 30 days commencing on the day on which your complaint is made, or a longer period if you agree in writing. If you are not satisfied with the handling of your complaint, you may Complain to an external dispute resolution scheme If which we are a Vendor of the MNRE. We will provide contact details for any such external dispute resolution scheme when we notify.
you of our decision
about your
complaint. For more
information about
making a complaint
to the MNRE, visit
mnre.gov.in. How to contact us
In Maharashtra, INDIA.: