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Instrument Details

ISIN: INE189Y07051

Face value

₹50,000

Coupon rate

16%

Payment

Quarterly

Tax Type

Taxable

Issue Size (Cr)

2.5

Instrument Type

Debenture

Returns

High

Date of Issue

16 Oct 2020

Maturity Date

16 Oct 2023

Perpetual

Yes

Listing Status

Unlisted

Rating status

Not Rated

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

MARGDARSHAK FINANCIAL SERVICES LIMITED 16 LOA 16OT23 FVRS50000
Margdarshak Financial Services Limited, a Finance company, has floated Debenture, having ISIN value as INE189Y07051, with a face value of ₹50,000 rs on 16Oct20 to raise 2.5 crores. The debt instrument is issued with a coupon rate of 16% 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 16% SECURED UNLISTED UNRATED REDEEMABLE NON CONVERTIBLE DEBENTURES. LETTER OF ALLOTMENT. DATE OF MATURITY 16/10/2023. 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. This debt instrument is Unrated. This issuer is formerly known as CRONY LEASING AND FINANCE 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
₹50,000
Lot Size
100
Minimum Investment
₹50,00,000

Cashflow

₹50,00,000
16-Oct-20 : Your investment
₹2,00,000
16-Jan-21 : Interest
₹2,00,000
16-Apr-21 : Interest
₹2,00,000
16-Jul-21 : Interest
₹2,00,000
16-Oct-21 : Interest
₹2,00,000
16-Jan-22 : Interest
₹2,00,000
16-Apr-22 : Interest
₹2,00,000
16-Jul-22 : Interest
₹2,00,000
16-Oct-22 : Interest
₹2,00,000
16-Jan-23 : Interest
₹2,00,000
16-Apr-23 : Interest
₹2,00,000
16-Jul-23 : Interest
₹2,00,000
16-Oct-23 : Interest
₹74,00,000
16-Oct-23 : Maturity amount (Investment: ₹50,00,000, Interest earned: ₹24,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

16%

Returns

High

Bond Rating

Unrated

Seniority in Repayment

None

Instrument Category

Non Convertible

About the issuer

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

FAQs about INE189Y07051 issued by Margdarshak Financial Services Limited

The instrument name of INE189Y07051 ISIN is MARGDARSHAK FINANCIAL SERVICES LIMITED 16 LOA 16OT23 FVRS50000.
The interest earned from INE189Y07051 bond issued by Margdarshak Financial Services Limited is paid Quarterly, ensuring regular and consistent income for investors.
This INE189Y07051 bond issued by Margdarshak Financial Services Limited does not currently have an assigned credit rating
This Debenture offers a coupon rate of 16%, which determines the periodic interest payments made to bondholders.
The INE189Y07051 Debenture is issued by Margdarshak Financial Services Limited, a Private Sector company.
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