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Instrument Details

ISIN: INE544V08010

Face value

₹1,00,000

Coupon rate

16.68%

Payment

Semi Annually

Tax Type

Taxable

Issue Size (Cr)

4

Instrument Type

Debenture

Returns

High

Date of Issue

12 Aug 2016

Maturity Date

24 Aug 2019

Perpetual

Yes

Listing Status

Listed

Rating status

D (ICRA Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Unsecured

Asset Coverage

-

Seniority in Repayment

Senior

Guarantee Type

Non Convertible

About this Bond

SORT INDIA ENVIRO SOLUTIONS LIMITED SR-1-400 16.68 NCD 24AG19 FVRS1LAC - Defaulted in Redemption
Sort India Enviro Solutions Limited, a Consumer Services company, has floated Debenture, having ISIN value as INE544V08010, with a face value of ₹1,00,000 rs on 12Aug16 to raise 4 crores. The debt instrument is issued with a coupon rate of 16.68% and its interest is paid Semi Annually. 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 Unsecured Debenture is 16.68% UNSECURED REDEEMABLE NON CONVERTIBLE DEBENTURES. F GROUP DEBT INSTRUEMNT SERIES 1-400. DATE OF MATURITY 24/08/2019. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 29Aug16. ICRA LIMITED has given D rating to this Debenture on 18Nov24. 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
19 Nov 2024
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Outlook
No Outlook
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Seniority in Repayment
Senior
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Security
Unsecured
Investment Calculation (Pre-Tax)

Below is an indicative cash-flow on investment, actual cash-flow may differ.

Face Value
₹1,00,000
Lot Size
100
Minimum Investment
₹1,00,00,000

Cashflow

₹1,00,00,000
12-Aug-16 : Your investment
₹8,34,000
12-Feb-17 : Interest
₹8,34,000
12-Aug-17 : Interest
₹8,34,000
12-Feb-18 : Interest
₹8,34,000
12-Aug-18 : Interest
₹8,34,000
12-Feb-19 : Interest
₹8,34,000
12-Aug-19 : Interest
₹1,50,04,000
24-Aug-19 : Maturity amount (Investment: ₹1,00,00,000, Interest earned: ₹50,04,000)

Summary

Instrument Attributes

Value

Coupon Rate

16.68%

Returns

High

Bond Rating

D

Seniority in Repayment

Senior

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Consumer Services
Head Office
HEAD OFFICE
Vadodara
Sector name
SECTOR
-
Issuer ownership
ISSUER OWNERSHIP
Private Sector
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FAQs about INE544V08010 issued by Sort India Enviro Solutions Limited

The instrument name of INE544V08010 ISIN is SORT INDIA ENVIRO SOLUTIONS LIMITED SR-1-400 16.68 NCD 24AG19 FVRS1LAC - Defaulted in Redemption.
The interest earned from INE544V08010 bond issued by Sort India Enviro Solutions Limited is paid Semi Annually, ensuring regular and consistent income for investors.
This INE544V08010 bond issued by Sort India Enviro Solutions Limited has been assigned a credit rating of D by ICRA LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 16.68%, which determines the periodic interest payments made to bondholders.
The INE544V08010 Debenture is issued by Sort India Enviro Solutions Limited, a Private Sector company.
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