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Instrument Details

ISIN: INE429C07057

Face value

₹10,00,000

Coupon rate

10.70%

Payment

Quarterly

Tax Type

Taxable

Issue Size (Cr)

275

Instrument Type

Debenture

Returns

High

Date of Issue

30 Sep 2014

Maturity Date

30 Sep 2021

Perpetual

Yes

Listing Status

Listed

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WITHDRAWN (CARE Ratings)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 10.7 NCD 30SP21 FVRS10LAC LOA UPTO 29SP14 - Defaulted in Redemption
Sintex Industries Limited, a Industrial company, has floated Debenture, having ISIN value as INE429C07057, with a face value of ₹10,00,000 rs on 30Sep14 to raise 275 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 II. LETTER OF ALLOTMENT. DATE OF MATURITY 30/09/2021. This instrument is issued in Private Placement mode. It has Simple coupon type with Partial Redemption By Face Value option. The Debenture is listed on BSE stock exchange on 21Oct14. CARE Ratings Limited has given WITHDRAWN rating to this Debenture on 30Sep14. 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
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Date Verified
N/A
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Outlook
N/A
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Seniority in Repayment
Senior
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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
30-Sep-14 : Your investment
₹26,75,000
30-Dec-14 : Interest
₹26,75,000
30-Mar-15 : Interest
₹26,75,000
30-Jun-15 : Interest
₹26,75,000
30-Sep-15 : Interest
₹26,75,000
30-Dec-15 : Interest
₹26,75,000
30-Mar-16 : Interest
₹26,75,000
30-Jun-16 : Interest
₹26,75,000
30-Sep-16 : Interest
₹26,75,000
30-Dec-16 : Interest
₹26,75,000
30-Mar-17 : Interest
₹26,75,000
30-Jun-17 : Interest
₹26,75,000
30-Sep-17 : Interest
₹26,75,000
30-Dec-17 : Interest
₹26,75,000
30-Mar-18 : Interest
₹26,75,000
30-Jun-18 : Interest
₹26,75,000
30-Sep-18 : Interest
₹26,75,000
30-Dec-18 : Interest
₹26,75,000
30-Mar-19 : Interest
₹26,75,000
30-Jun-19 : Interest
₹26,75,000
30-Sep-19 : Interest
₹26,75,000
30-Dec-19 : Interest
₹26,75,000
30-Mar-20 : Interest
₹26,75,000
30-Jun-20 : Interest
₹26,75,000
30-Sep-20 : Interest
₹26,75,000
30-Dec-20 : Interest
₹26,75,000
30-Mar-21 : Interest
₹26,75,000
30-Jun-21 : Interest
₹26,75,000
30-Sep-21 : Interest
₹17,49,00,000
30-Sep-21 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹7,49,00,000)

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
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Rating

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Rated ★ 4.3+ on

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FAQs about INE429C07057 issued by Sintex Industries Limited

The instrument name of INE429C07057 ISIN is SINTEX INDUSTRIES LIMITED 10.7 NCD 30SP21 FVRS10LAC LOA UPTO 29SP14 - Defaulted in Redemption.
The interest earned from INE429C07057 bond issued by Sintex Industries Limited is paid Quarterly, ensuring regular and consistent income for investors.
This INE429C07057 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 INE429C07057 Debenture is issued by Sintex Industries Limited, a Private Sector company.
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