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12% Akme Fintrade (india) Limited - BBB Rated (INE916Y07016)
In-activePrivate SectorSecured
Instrument Details
ISIN: INE916Y07016
Face value
₹10,00,000
Coupon rate
12%
Payment
Quarterly
Tax Type
Taxable
Issue Size (Cr)
10
Instrument Type
Debenture
Returns
High
Date of Issue
30 Jun 2020
Maturity Date
30 Jun 2023
Perpetual
Yes
Listing Status
Listed
Rating status
BBB- (Acuite Ratings)
Call Option
Not Available
Put Option
Not Available
Security with Collaterals
Secured
Asset Coverage
Principal + Interest
Seniority in Repayment
None
Guarantee Type
Non Convertible
About this Bond
AKME FINTRADE (INDIA) LIMITED 12 LOA 30JU23 FVRS10LAC
Akme Fintrade (india) Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture,
having ISIN value as INE916Y07016, with a face value of ₹10,00,000 rs on 30Jun20 to raise 10 crores. The debt instrument
is issued with a coupon rate of 12% and its interest is paid
Quarterly. The returns are Taxable and one has to pay the applicable tax on the returns from this investment.
As per the filings, the long description of this Secured
Debenture is 12% SECURED RATED LISTED UNSUBORDINATED TRANSFERABLE REDEEMABLE NON CONVERTIBLE DEBENTURES. LETTER OF ALLOTMENT. DATE OF MATURITY 30/06/2023.. This instrument is issued in Private Placement mode. It has Compounding coupon type
with Full Redemption option. The Debenture is listed on BSE stock
exchange on 15Jul20. Acuite Ratings And Research Limited has given BBB- rating to
this Debenture on 26Feb20. This issuer is formerly known as AKME FINTRADE (INDIA) PRIVATE LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.
Rating (Debt Quality)
Investment Calculation (Pre-Tax)
Below is an indicative cash-flow on investment, actual cash-flow may differ.
Face Value
₹10,00,000
Lot Size
100
Minimum Investment
₹10,00,00,000
Cashflow
₹10,00,00,000
30-Jun-20 : Your investment
₹30,00,000
30-Sep-20 : Interest
₹30,00,000
30-Dec-20 : Interest
₹30,00,000
30-Mar-21 : Interest
₹30,00,000
30-Jun-21 : Interest
₹30,00,000
30-Sep-21 : Interest
₹30,00,000
30-Dec-21 : Interest
₹30,00,000
30-Mar-22 : Interest
₹30,00,000
30-Jun-22 : Interest
₹30,00,000
30-Sep-22 : Interest
₹30,00,000
30-Dec-22 : Interest
₹30,00,000
30-Mar-23 : Interest
₹30,00,000
30-Jun-23 : Interest
₹13,60,00,000
30-Jun-23 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹3,60,00,000)
Summary
Instrument Attributes
Value
Coupon Rate
12%
Returns
High
Bond Rating
BBB-
Seniority in Repayment
None
Instrument Category
Non Convertible
Similar Bonds
About the issuer
BASIC INDUSTRY
Non-Banking Financial Company (NBFC)
HEAD OFFICE
Udaipur
SECTOR
Financial Services
ISSUER OWNERSHIP
Private Sector
Other Bonds of Akme Fintrade (india) Limited
FAQs about INE916Y07016 issued by Akme Fintrade (india) Limited
What is the instrument name of INE916Y07016 ISIN?
The instrument name of INE916Y07016 ISIN is AKME FINTRADE (INDIA) LIMITED 12 LOA 30JU23 FVRS10LAC.
How frequently is the interest paid on INE916Y07016 bond issued by Akme Fintrade (india) Limited?
The interest earned from INE916Y07016 bond issued by Akme Fintrade (india) Limited is paid Quarterly, ensuring regular and consistent income for investors.
What is the credit rating of the INE916Y07016 bond issued by Akme Fintrade (india) Limited?
This INE916Y07016 bond issued by Akme Fintrade (india) Limited has been assigned a credit rating of BBB- by Acuite Ratings And Research Limited, directly indicating the issuer's creditworthiness and the probability of default.
What is the coupon rate of INE916Y07016 bond issued by Akme Fintrade (india) Limited?
This Debenture offers a coupon rate of 12%, which determines the periodic interest payments made to bondholders.
Who is the issuer of INE916Y07016 Debenture?
The INE916Y07016 Debenture is issued by Akme Fintrade (india) Limited, a Private Sector company.
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Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
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