LOGIC:While a nominal 10% gross annualised yield might be targeted on these unsecured invoices, the 20%+ inherent default rate on Tier-4 auto supplier invoices means the effective yield quickly becomes negative. Local operational costs for a lean team (e.g., 2 credit analysts, 1 collections specialist, 1 manager, averaging ₹60,000-₹80,000/month per person, total ₹2.4L-₹3.2L/month) and modest office rent in the PCMC industrial belt (e.g., ₹40,000-₹60,000/month for 800-1000 sq ft) create a monthly operational burn of at least ₹2.8L-₹3.8L. This significant fixed cost base, exacerbated by the substantial legal and recovery expenses for high defaults, ensures that the true net returns are severely compressed, often pushing into negative territory, demanding an unachievable volume and zero collection costs to merely cover operational overheads, let alone principal losses.