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Instrument Details

ISIN: INE122M08063

Face value

₹10,00,000

Coupon rate

12.30%

Payment

Quarterly

Tax Type

Taxable

Issue Size (Cr)

12

Instrument Type

Debenture

Returns

High

Date of Issue

01 Feb 2013

Maturity Date

02 Jan 2023

Perpetual

Yes

Listing Status

Unlisted

Rating status

SUSPENDED (CARE 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

ESSAR SHIPPING LIMITED SR-VI 12.3 LOA 01FB23 FVRS10LAC
Essar Shipping Limited, a Utilities company, has floated Debenture, having ISIN value as INE122M08063, with a face value of ₹10,00,000 rs on 01Feb13 to raise 12 crores. The debt instrument is issued with a coupon rate of 12.30% 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 12.30% UNSECURED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES VI. LETTER OF ALLOTMENT. DATE OF MATURITY 01/02/2023.. This instrument is issued in Private Placement mode. It has Compounding coupon type with Full Redemption option. The Bond is Not listed on any stock exchange. CARE Ratings Limited has given SUSPENDED rating to this Debenture on 03Apr15. This issuer is formerly known as ESSAR PORTS & TERMINALS 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
N/A
Not Rated
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Date Verified
N/A
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Outlook
N/A
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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
01-Feb-13 : Your investment
₹30,75,000
01-May-13 : Interest
₹30,75,000
01-Aug-13 : Interest
₹30,75,000
01-Nov-13 : Interest
₹30,75,000
01-Feb-14 : Interest
₹30,75,000
01-May-14 : Interest
₹30,75,000
01-Aug-14 : Interest
₹30,75,000
01-Nov-14 : Interest
₹30,75,000
01-Feb-15 : Interest
₹30,75,000
01-May-15 : Interest
₹30,75,000
01-Aug-15 : Interest
₹30,75,000
01-Nov-15 : Interest
₹30,75,000
01-Feb-16 : Interest
₹30,75,000
01-May-16 : Interest
₹30,75,000
01-Aug-16 : Interest
₹30,75,000
01-Nov-16 : Interest
₹30,75,000
01-Feb-17 : Interest
₹30,75,000
01-May-17 : Interest
₹30,75,000
01-Aug-17 : Interest
₹30,75,000
01-Nov-17 : Interest
₹30,75,000
01-Feb-18 : Interest
₹30,75,000
01-May-18 : Interest
₹30,75,000
01-Aug-18 : Interest
₹30,75,000
01-Nov-18 : Interest
₹30,75,000
01-Feb-19 : Interest
₹30,75,000
01-May-19 : Interest
₹30,75,000
01-Aug-19 : Interest
₹30,75,000
01-Nov-19 : Interest
₹30,75,000
01-Feb-20 : Interest
₹30,75,000
01-May-20 : Interest
₹30,75,000
01-Aug-20 : Interest
₹30,75,000
01-Nov-20 : Interest
₹30,75,000
01-Feb-21 : Interest
₹30,75,000
01-May-21 : Interest
₹30,75,000
01-Aug-21 : Interest
₹30,75,000
01-Nov-21 : Interest
₹30,75,000
01-Feb-22 : Interest
₹30,75,000
01-May-22 : Interest
₹30,75,000
01-Aug-22 : Interest
₹30,75,000
01-Nov-22 : Interest
₹15,20,416
02-Jan-23 : Interest
₹22,14,45,416
02-Jan-23 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹12,14,45,416)

Summary

Instrument Attributes

Value

Coupon Rate

12.30%

Returns

High

Bond Rating

SUSPENDED

Seniority in Repayment

None

Instrument Category

Non Convertible

About the issuer

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

FAQs about INE122M08063 issued by Essar Shipping Limited

The instrument name of INE122M08063 ISIN is ESSAR SHIPPING LIMITED SR-VI 12.3 LOA 01FB23 FVRS10LAC.
The interest earned from INE122M08063 bond issued by Essar Shipping Limited is paid Quarterly, ensuring regular and consistent income for investors.
This INE122M08063 bond issued by Essar Shipping Limited has been assigned a credit rating of SUSPENDED by CARE Ratings Limited, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 12.3%, which determines the periodic interest payments made to bondholders.
The INE122M08063 Debenture is issued by Essar Shipping Limited, a Private Sector company.
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