The information provided are for general consumption only. Do not construe this as an offer/advice/research to buy/sell any securities

Instrument Details

ISIN: INE429C07040

Face value

₹10,00,000

Coupon rate

10.70%

Payment

Quarterly

Tax Type

Taxable

Issue Size (Cr)

350

Instrument Type

Debenture

Returns

High

Date of Issue

11 Jun 2014

Maturity Date

06 Nov 2021

Perpetual

Yes

Listing Status

Unlisted

Rating status

WITHDRAWN (CARE Ratings)

Call Option

Available

Put Option

Available

Security with Collaterals

Secured

Asset Coverage

-

Seniority in Repayment

Senior

Guarantee Type

Non Convertible

About this Bond

SINTEX INDUSTRIES LIMITED SR-I 10.7 NCD 11JU21 FVRS10LAC - Defaulted in Redemption
Sintex Industries Limited, a Industrial company, has floated Debenture, having ISIN value as INE429C07040, with a face value of ₹10,00,000 rs on 11Jun14 to raise 350 crores. The debt instrument is issued with a coupon rate of 10.70% 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 10.70% SECURED REDEEMABLE NON-CONVERTIBLE DEBENTURES.SERIES- I LETTER OF ALLOTMENT. DATE OF MATURITY 11/06/2021. 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. CARE Ratings Limited has given WITHDRAWN rating to this Debenture on 11Jun14. This issuer is formerly known as THE BHARAT VIJAY MILLS LTD. 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
check
Date Verified
N/A
check
Outlook
N/A
logo
Seniority in Repayment
Senior
logo
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
11-Jun-14 : Your investment
₹26,75,000
11-Sep-14 : Interest
₹26,75,000
11-Dec-14 : Interest
₹26,75,000
11-Mar-15 : Interest
₹26,75,000
11-Jun-15 : Interest
₹26,75,000
11-Sep-15 : Interest
₹26,75,000
11-Dec-15 : Interest
₹26,75,000
11-Mar-16 : Interest
₹26,75,000
11-Jun-16 : Interest
₹26,75,000
11-Sep-16 : Interest
₹26,75,000
11-Dec-16 : Interest
₹26,75,000
11-Mar-17 : Interest
₹26,75,000
11-Jun-17 : Interest
₹26,75,000
11-Sep-17 : Interest
₹26,75,000
11-Dec-17 : Interest
₹26,75,000
11-Mar-18 : Interest
₹26,75,000
11-Jun-18 : Interest
₹26,75,000
11-Sep-18 : Interest
₹26,75,000
11-Dec-18 : Interest
₹26,75,000
11-Mar-19 : Interest
₹26,75,000
11-Jun-19 : Interest
₹26,75,000
11-Sep-19 : Interest
₹26,75,000
11-Dec-19 : Interest
₹26,75,000
11-Mar-20 : Interest
₹26,75,000
11-Jun-20 : Interest
₹26,75,000
11-Sep-20 : Interest
₹26,75,000
11-Dec-20 : Interest
₹26,75,000
11-Mar-21 : Interest
₹26,75,000
11-Jun-21 : Interest
₹26,75,000
11-Sep-21 : Interest
₹8,17,361
06-Nov-21 : Interest
₹17,83,92,361
06-Nov-21 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹7,83,92,361)

Summary

Instrument Attributes

Value

Coupon Rate

10.70%

Returns

High

Bond Rating

WITHDRAWN

Seniority in Repayment

Senior

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Industrial
Head Office
HEAD OFFICE
Gandhi Nagar
Sector name
SECTOR
-
Issuer ownership
ISSUER OWNERSHIP
Private Sector
wm-logo

Take control of your wealth

Track and Analyse all your investments with Wealth Monitor

4.3

Rating

rating

Rated ★ 4.3+ on

playstoreappstore

Download the App

appstore
playstore
wm-qr

FAQs about INE429C07040 issued by Sintex Industries Limited

The instrument name of INE429C07040 ISIN is SINTEX INDUSTRIES LIMITED SR-I 10.7 NCD 11JU21 FVRS10LAC - Defaulted in Redemption.
The interest earned from INE429C07040 bond issued by Sintex Industries Limited is paid Quarterly, ensuring regular and consistent income for investors.
This INE429C07040 bond issued by Sintex Industries Limited has been assigned a credit rating of WITHDRAWN by CARE Ratings Limited, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 10.7%, which determines the periodic interest payments made to bondholders.
The INE429C07040 Debenture is issued by Sintex Industries Limited, a Private Sector company.
qr

Track all your investments in one place

Download Wealth Monitor App

cross
wm logo

Track and monitor all
your investments