Security Name: 5.00% Setco Auto Systems Private Limited 01 Sep 2025
ISIN:
INE0I0R07037
Taxable
Tax Category
01 Sep, 2025
Maturity Date
(4 Mo 3 D to mature)
Monthly
Interest Payment Frequency
Yes
NRI Eligibility
01 Sep, 2021
Allotment Date
NA
Put Date
31 Oct, 2024
Next Interest Payment Date
30 days
Shut Period
Both
Active on NSDL/CDSL
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
5%
Coupon
Fixed Interest
Coupon Basis
Quote Not Available
Current Yield
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
Setco Auto Systems Private Limited
Established in 1982 in collaboration with Gujarat Industrial Development Corporation (GIDC), Gujarat Setco Automotive Limited (GSAL) was a manufacturer of clutches for OEMs. In 2000, GIDC stepped out of GSAL, and the latter was renamed as Setco Automotive Limited (SAL). SAL manufactured clutches primarily for MHCVs. SASPL now manufactures clutch products. SASPL sells clutches under its own brand, LIPE. The company has its own manufacturing unit at Kalol, Vadodara (Gujarat) and an assembly unit at Sitarganj, Udham Singh Nagar (Uttarakhand).
The ratio in FY24 is 12.95x and it was -40.76 in FY23 , indicating decrease in the debt level due to decrease in the incurred losses in FY23.
Debt/EBITDA
The ratio in FY24 is 0.26x and it was -0.31x in FY23, indicating decrease in the debt coverage ratio of the issuer due to increase in the interest expenses and other financial chargers which resulted in overall increase in the finance cost in FY24.
Interest coverage ratio
Recent News
Setco Auto’s efficient engineering to drive growth
Sep 09, 2024 | Setco Auto Systems Private Limited
Related Videos
Seniority Ranking
Demystifying the hierarchy that determines who gets paid first in the event of a default
Coupon Payment Structure
The intricacies of coupon payments
STEPS TO BUY THIS BOND
Information required for KYC
PAN Card
Bank Account Proof
Aadhaar Card
Demat Account Proof
How to exit the investment?
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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 INE0I0R07037 |
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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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| 5.00% Setco Auto Systems Private Limited 01 Sep 2025 |
| Credit Rating |
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| B- /Stable by ICRA |
| Coupon Frequency |
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| Monthly |
| Face Value |
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| ₹10,00,000 |
| Coupon |
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| 5.000000% |
| YTM or YTC |
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| YTM |
| Maturity Date |
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| 01/09/2025 |
| Security |
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| Senior Secured |
| No. of Bonds |
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| 1 |
| Settlement Date |
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| Principal Amount |
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| ₹NaN |
| Accrued Interest |
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| ₹NaN |
| Stamp Duty |
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| ₹0 |
| Total Amount Payable |
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| ₹NaN |
| Price |
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| ₹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.
