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Instrument Details

ISIN: INE080T07110

Face value

₹10,00,000

Coupon rate

13.40%

Payment

Quarterly

Tax Type

Taxable

Issue Size (Cr)

100

Instrument Type

Debenture

Returns

High

Date of Issue

28 Sep 2018

Maturity Date

31 Jan 2023

Perpetual

Yes

Listing Status

Unlisted

Rating status

D (BRICKWORK Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

-

Seniority in Repayment

None

Guarantee Type

Non Convertible

About this Bond

FUTURE IDEAS COMPANY LIMITED SR C 13.40 LOA 31JN23 FVRS10LAC
Future Ideas Company Limited, a Consumer Services company, has floated Debenture, having ISIN value as INE080T07110, with a face value of ₹10,00,000 rs on 28Sep18 to raise 100 crores. The debt instrument is issued with a coupon rate of 13.40% 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 13.40% SECURED RATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES C . LETTER OF ALLOTMENT. DATE OF MATURITY 31/01/2023. This instrument is issued in Private Placement mode. It has Simple coupon type with Partial Redemption By Face Value option. The Bond is Not listed on any stock exchange. BRICKWORK RATINGS INDIA PRIVATE LIMITED has given D rating to this Debenture on 14Apr20. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.

Rating (Debt Quality)

Instrument Rating
D
Default or Expect to Default
D
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Date Verified
11 Jan 2024
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Outlook
No Outlook
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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
₹10,00,000
Lot Size
100
Minimum Investment
₹10,00,00,000

Cashflow

₹10,00,00,000
28-Sep-18 : Your investment
₹33,50,000
28-Dec-18 : Interest
₹33,50,000
28-Mar-19 : Interest
₹33,50,000
28-Jun-19 : Interest
₹33,50,000
28-Sep-19 : Interest
₹33,50,000
28-Dec-19 : Interest
₹33,50,000
28-Mar-20 : Interest
₹33,50,000
28-Jun-20 : Interest
₹33,50,000
28-Sep-20 : Interest
₹33,50,000
28-Dec-20 : Interest
₹33,50,000
28-Mar-21 : Interest
₹33,50,000
28-Jun-21 : Interest
₹33,50,000
28-Sep-21 : Interest
₹33,50,000
28-Dec-21 : Interest
₹33,50,000
28-Mar-22 : Interest
₹33,50,000
28-Jun-22 : Interest
₹33,50,000
28-Sep-22 : Interest
₹33,50,000
28-Dec-22 : Interest
-₹4,28,055
31-Jan-23 : Interest
₹15,65,21,944
31-Jan-23 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹5,65,21,944)

Summary

Instrument Attributes

Value

Coupon Rate

13.40%

Returns

High

Bond Rating

D

Seniority in Repayment

None

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Consumer Services
Head Office
HEAD OFFICE
Mumbai
Sector name
SECTOR
-
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE080T07110 issued by Future Ideas Company Limited

The instrument name of INE080T07110 ISIN is FUTURE IDEAS COMPANY LIMITED SR C 13.40 LOA 31JN23 FVRS10LAC.
The interest earned from INE080T07110 bond issued by Future Ideas Company Limited is paid Quarterly, ensuring regular and consistent income for investors.
This INE080T07110 bond issued by Future Ideas Company Limited has been assigned a credit rating of D by BRICKWORK RATINGS INDIA PRIVATE LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 13.4%, which determines the periodic interest payments made to bondholders.
The INE080T07110 Debenture is issued by Future Ideas Company Limited, a Private Sector company.
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