Security Name: 11.75% Achiievers Finance India Limited 16 Aug 2027
ISIN:
INE065507AM4
Taxable
Tax Category
16 Aug, 2027
Maturity Date
(2 Yr 2 Mo 6 D to mature)
Monthly
Interest Payment Frequency
Yes
NRI Eligibility
17 Aug, 2024
Allotment Date
NA
Put Date
01 Jan, 2025
Next Interest Payment Date
7 days
Shut Period
Both
Active on NSDL/CDSL
Non-Guaranteed
Type of Guarantee
No
Perpetual
Private Placement
Mode of Issue
Listed
Listing Details
Non Public Sector Undertaking
Type of Issuer
Quote Not Available
Dirty Price
11.75%
Coupon
Fixed Interest
Coupon Basis
Quote Not Available
Current Yield
25 Dec, 2024
Record Date
YOUR EARNING
Your Investment
Final Payout
₹0
Error Generating Cashflow 😥. We are looking into this.
*All Interest Payments will be subject to TDS (Not Applicable on Government Securities and Tax Free Bonds)
YOUR RISK
Repayment Priority
Higher the level, higher the priority of investment repayment on default
Security with Collateral?
An investment secured with collateral helps
ISSUER
Achiievers Finance India Limited
Achiievers Finance India Private Limited (formerly known as Instant Suppliers Private Limited) is a “Non-Deposit taking NBFC” (NBFC-ND), focussing on Gold Loan Finance, headquartered in Kolkata. Achiievers Finance started operations from July 2013 and recently has started with personal loan. The company provides loans secured by gold jewellery. The company’s customers typically include small businessmen, vendors, traders, farmers and salaried individuals.
The ratio in FY24 is 6.98x and it was 8.58x in FY23, indicating decrease in the debt level due to increase in the profitability of the issuer in FY24.
Debt/EBITDA
The ratio in FY24 is 1.39x and it was 1.62x in FY23, indicating decrease in the debt servicing ability of the issuer due to increase in the interest on borrowing which led to overall increase in the finance cost in FY24.
Interest coverage ratio
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Demat Account Proof
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To know more about the Bond and the issuer, download the Information Memorandum.
To read about the reasons for the ratings assigned to the Bond, download the Rating Rationale.
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BOND VALUE DETAILS
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Total Investment
| Cashflow for INE065507AM4 |
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| Disclaimer: The actual dates and interest amounts can vary depending on Bank closures, holidays etc. Tax Deducted at Source (TDS) is applicable on interest receivable based on relevant tax regulations. You can avail TDS credit while filing your Income Tax Return (ITR). |
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| Security Name |
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| 11.75% Achiievers Finance India Limited 16 Aug 2027 |
| Credit Rating |
|---|
| BB + by IVR |
| Coupon Frequency |
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| Monthly |
| Face Value |
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| ₹1,00,000 |
| Coupon |
|---|
| 11.750000% |
| YTM or YTC |
|---|
| YTM |
| Maturity Date |
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| 16/08/2027 |
| Security |
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| Senior Secured |
| No. of Bonds |
|---|
| 1 |
| Settlement Date |
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| Principal Amount |
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| ₹NaN |
| Accrued Interest |
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| ₹0 |
| Stamp Duty |
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| ₹0 |
| Total Amount Payable |
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| ₹NaN |
| Price |
|---|
| ₹NaN |
| Yield |
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| % |
| Year | Payment Date | Amount | Amount after TDS | Payout Type |
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Quote Not Available for purchase
Disclaimer: Investments in Debt Securities/ Municipal Debt Securities/ Securitised Debt Instruments are subject to risks including delay and/ or default in payment. Read all the Offer Related documents carefully.
Source: Issuer website, Rating Rationale, Issuer Annual Report, Information Memorandum and News from Google.
