Instrument Details

ISIN: INE008V07026

Face value

₹10,000

Coupon rate

18%

Payment

Quarterly

Tax Type

Taxable

Issue Size (Cr)

35.175

Instrument Type

Debenture

Returns

High

Date of Issue

16 Jun 2016

Maturity Date

30 Sep 2023

Perpetual

Yes

Listing Status

Unlisted

Rating status

B- (ICRA 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

EDWARD FOOD RESEARCH & ANALYSIS CENTRE LIMITED SR 1 18 LOA 30SP23 FVRS10000
Edward Food Research & Analysis Centre Limited, a Industrial company, has floated Debenture, having ISIN value as INE008V07026, with a face value of ₹10,000 rs on 16Jun16 to raise 35.175 crores. The debt instrument is issued with a coupon rate of 18% 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 18% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. LETTER OF ALLOTMENT. DATE OF MATURITY 30/09/2023.. This instrument is issued in Private Placement (non-EBP) mode. It has Compounding coupon type with Full Redemption option. The Bond is Not listed on any stock exchange. ICRA LIMITED has given B- rating to this Debenture on 12Jan23. This issuer is formerly known as EDWARD KEVENTER LIFE SCIENCE LIMITED, EDWARD KEVENTER LIFE SCIENCE PRIVATE LIMITED, EDWARD KEVENTER PRIVATE LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.

Rating (Debt Quality)

Instrument Rating
B
High Risk
B-
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Date Verified
13 Jan 2023
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Outlook
Stable
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Seniority in Repayment
None
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Security
Secured
Investment Calculation (Pre-Tax)

Below is an indicative cash-flow on investment, actual cash-flow may differ.

Face Value
₹10,000
Lot Size
100
Minimum Investment
₹10,00,000

Cashflow

₹10,00,000
16-Jun-16 : Your investment
₹45,000
16-Sep-16 : Interest
₹45,000
16-Dec-16 : Interest
₹45,000
16-Mar-17 : Interest
₹45,000
16-Jun-17 : Interest
₹45,000
16-Sep-17 : Interest
₹45,000
16-Dec-17 : Interest
₹45,000
16-Mar-18 : Interest
₹45,000
16-Jun-18 : Interest
₹45,000
16-Sep-18 : Interest
₹45,000
16-Dec-18 : Interest
₹45,000
16-Mar-19 : Interest
₹45,000
16-Jun-19 : Interest
₹45,000
16-Sep-19 : Interest
₹45,000
16-Dec-19 : Interest
₹45,000
16-Mar-20 : Interest
₹45,000
16-Jun-20 : Interest
₹45,000
16-Sep-20 : Interest
₹45,000
16-Dec-20 : Interest
₹45,000
16-Mar-21 : Interest
₹45,000
16-Jun-21 : Interest
₹45,000
16-Sep-21 : Interest
₹45,000
16-Dec-21 : Interest
₹45,000
16-Mar-22 : Interest
₹45,000
16-Jun-22 : Interest
₹45,000
16-Sep-22 : Interest
₹45,000
16-Dec-22 : Interest
₹45,000
16-Mar-23 : Interest
₹45,000
16-Jun-23 : Interest
₹45,000
16-Sep-23 : Interest
-₹7,750
30-Sep-23 : Interest
₹22,97,250
30-Sep-23 : Maturity amount (Investment: ₹10,00,000, Interest earned: ₹12,97,250)

Summary

Instrument Attributes

Value

Coupon Rate

18%

Returns

High

Bond Rating

B-

Seniority in Repayment

None

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Industrial
Head Office
HEAD OFFICE
Kolkata
Sector name
SECTOR
-
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE008V07026 issued by Edward Food Research & Analysis Centre Limited

The instrument name of INE008V07026 ISIN is EDWARD FOOD RESEARCH & ANALYSIS CENTRE LIMITED SR 1 18 LOA 30SP23 FVRS10000.
The interest earned from INE008V07026 bond issued by Edward Food Research & Analysis Centre Limited is paid Quarterly, ensuring regular and consistent income for investors.
This INE008V07026 bond issued by Edward Food Research & Analysis Centre Limited has been assigned a credit rating of B- by ICRA LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 18%, which determines the periodic interest payments made to bondholders.
The INE008V07026 Debenture is issued by Edward Food Research & Analysis Centre Limited, a Private Sector company.