Shriram City Union Finance Bonds Issue Details (SCUFL NCD Bonds)
Public Issue by Shriram City Union Finance Company Limited, (“Company” or “Issuer”) of Secured Non-Convertible Debentures of face value of 1,000 each, (“NCDs”), aggregating upto 37,500 lakhs with an option to retain over-subscription up to 37,500 lakhs for issuance of additional NCDs aggregating to a total of up to 75,000 lakhs, hereinafter referred to as the “Issue”
- Issue will aggregate Rs. 375 Crore, with an option to retain oversubscription of Rs. 375 Crore i.e. overall aggregating Rs. 750 Crore. - Issue Start Date: 11th August 2011. - Issue End Date: 27th August 2011. - Face Value: Rs.1000/- - Listing: Shriram City Union Finance NCD Bonds will be list on NSE and BSE - Minimum Investment: 10 NCDs (10000 Rs)
Company Offerings: Product Finance: Financing of two wheelers,appliances and other commercial goods, Personal Loans, Loan Against Gold, Small enterprise finance.
CREDIT RATING: The NCDs proposed to be issued under this Issue have been rated CARE AA by CARE for an amount of upto ` 75,000 Lakhs vide its letter dated July 14, 2011, and CRISIL AA-/Stable by CRISIL for an amount of upto 75,000 Lakhs vide its letter dated July 14, 2011. The rating of the NCDs by CARE indicates high degree of safety regarding timely servicing of financial obligations and carrying very low credit risk. The rating of NCDs by CRISIL indicates high degree of safety regarding timely servicing of financial obligations.The ratings provided by CRISIL and/or CARE may be suspended, withdrawn or revised at any time by the assigning rating agency and should be evaluated independently of any other rating. These ratings are not a recommendation to buy, sell or hold securities and investors should take their own decisions. Please refer to page 26 this Draft Prospectus for the rationale for the above ratings.
2. Tenure: 36 Months Interest Rate for Reserved Cateogary: 11.85% payable p.a Interest Rate for Un-reserved Cateogary: 11.60% payable p.a
Lead managers: - ICICI Securities Limited - J.M financial Consultants Pvt Ltd - A.K capital Services.
CO-LEAD MANAGER TO THE ISSUE: - Karvy Investor Services Limited
Registrar of Shriram City Union Finance Bonds Issue: - Integrated Enterprises (India) Limited
Registered Office: 123, Angappa Naicken Street, Chennai- 600 001, Tamil Nadu
Corporate Office: 221, Royapettah High Road, Mylapore, Chennai - 600004, Tamil Nadu; Tel. No.: + 91 44 4392 5300; Fax: +91 44 4391 5351
Compliance Officer and Contact Person: Mr. C. R. Dash E-mail: sect@shriramcity.in Wesite: http://shriramcity.in/
- Interest will be payable annually and there is no cumulative option.Interest will paid on 1st April of each year from year 2012. - Reserved Catepgary: Individuals applying for less than 5 Lakh combining options 1 and 2. - Un-reserved cateogary: Individuals applying for more than 5 lakhs combining options 1 and 2. - Tax benefits: As always interest received is taxable and this is nota tax saving issue.
Money is requirement of all the individuals. Without money life is impossible. Money fulfils the requirements and help to live comfortable life. Money is the basic need of all individuals. You may need money for various purposes such as to pay education fees, to pay for medical expenses and so on. Personal loans are granted to fulfill the urgent credit needs of the borrower.
Personal loans are classified as secured loans and unsecured loans.
Secured loan are advances available to the entire borrower who is need of funds. Homeowners are particularly preferred for lending secured loans. Banks and financial institutions in UK may accept to lend to the borrower. The loan amount ranges from £500 to £100000 for period of 1 to 25 years. Borrowers can gain secured loans at attractive rates of interest. These funds charge low rates as no risk is involved.
Unsecured loan is much safer than the secured one as your property is not at risk. This loan form can be used to consolidate the existing debt into one manageable longer-term loan repayments. The loan amount ranges from £1000 to £25000 and the repayment term stretches from 1 to 10 years. These funds are expensive as there is no demand of any collateral and lenders are at high risk if the borrower fails to make the payment so the rate of interest is high compared to secured loan form.
The eligibility criteria are as follow.
The borrower must be above 18 years.
The borrower must be citizen of UK.
The borrower must be employed in reputed organization.
The borrower must earn income minimum £1000.
The borrower must have an active checking account.
These funds can be availed through the online mode apart from the traditional processes of standing in queues. Thus, the borrower has an easy access to the finance by filling the online form and submitting it to his respective lender. The lender will then consider the details and deposits the amount in the account of the borrower.
A good credit rating is not important for these finances if you are facing from arrears, defaults, bad credit history and bankruptcy you can also avail these loans. You must ensure to make the payment on time also submit proof regarding the payment of the loan amount.
Personal loans are a ray of hope for people who have financial problems. All the credit worries can be solved by these advances. These finances are broadly classified as secured loan and unsecured loan. Borrowers can choose any one of the loan form as to their comforts.
These loans are for all with adverse credit records. Such credit records are:
o Defaults
o CCJs
o Bankruptcy
o Late payment
o Arrears
o Skipping of installments
Secured and unsecured, two such loans are available for the borrowers. You can get anyone based on your choice of the car. If you want to go for an expensive car then the best loan will be the secured loans. These loans offer bigger amount and the rate of interest use to be very low. But you must place a valuable asset as collateral, in order to get these loans. The unsecured loans will help you in buying a less costly or used car. You will have to pay higher interest rates and the offered amount is small in it. But for buying a used car you must prove it that the car is not older than 5 years.
So, once you go for the bad credit car loan, it will help you with 90 to 100% monetary assistance out of the total price of the car. So, for that it is necessary for you to provide the real documents of the car that you are going to buy. These loans will provide you 2 to 7 years for the repayment of the loan amount. Thus, you will get such a good time period for repaying the loan amount. So, there is no problem at all in buying the car of your choice.
Johns Tiel holds a master degree in Commerce from JNU. He is working as financial consultant in Chance For Loans. To find bad credit car loan, debtconsolidation loan, cheap rates, personal loans that best suits your needs visit
www.chanceforloans.co.uk
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Every business loans are a good risk for lenders and borrowers. A promising business gives you the best opportunity to have a business requests your credit granted, especially if you’re applying for business loans. Lenders usually will see the gross sales and your annual income, credit score, check account balances, profitability, and the length of time you’ve been in business. For beginners in the business world, expect to be asked about your business plan intensive.
Your history with the credit card service is a key factor for lenders. Information they usually seek credit card debt personal loans, personal loans, liquid assets, real estate, tax and personal financial statements. Your shopping habits would also be a personal problem, including how you use the services of credit cards and installment debt. If you have a good balance of all this, then you will have problems with getting your business loans approved. But what happens if you have a bad credit history? What alternatives do you have? The answer is to get a business cash advance loans, not loans to small businesses. Business cash strengthens options for business owners to build business credit. It is ideal for business owners to subscribe by credit card and/or the card price. Each month this kind of business loans by selling credit card batch.
Life Insurance — the insurance providing protection of long-term interests of the insurer. Provides, as a rule, regular long-term financial relations between the insurance agent and the insured person.
Life Insurance is the checked up way of the decision of unforeseen vital problems from which nobody is insured.
What for Life Insurance is necessary?
OK! You already know where to take money for the operative decision of problems with health in case of a serious trauma or illness?
The main sense of insurance is indemnification of a certain sum of money, for example, in case of an unforeseen trauma, or other unfortunate event in a life of the insured person.
In case of death (death of the insured person), the insurance company completely pays monetary accumulation to a family (the sum depends on an initial payment), and also carries out a full cycle of funeral actions (special Funeral Insurance program).
Life Insurance Quotes in many developed countries is presented as a part of system of a provision of pensions. The given principles is maximum-comfortable care of your future.
ICICI Bank raised auto loan rates by 25-50 basis points (bps) for different tenors and segments, effective from March 5. ICICI Bank also discontinued its special home loan rate of 8.25% for two years. The bank will now charge 8.75% for loans up to Rs3mn, 9% for loans of Rs3mn to Rs5mn and 9.5% for loans over Rs5mn. HDFC Bank and Kotak Mahindra also raised rates on home and auto loans.
HDFC’s home loan rates have reverted to 8.75% for loans up to Rs3mn, 9% for loans between Rs3mn and Rs5mn and 9.25% for loans over Rs5mn. Till last month, it was offering loans at a fixed rate of 8.25% up to March 31, 2012, after which the loan would revert to the prevailing floating rate.
Last month, Kotak Mahindra discontinued the fixed rate home loan scheme which was introduced in December. The bank last month also increased rates on its floating rate home loans by 50 bps. It is now in the range of 8.50-9%. The rates on personal loans also went up by 50 bps to around 18.5%.
These private banks raised lending rates by as much as 100 basis points, following the hardening of market rates even as the RBI has refrained from tinkering with the policy rates till now. In its last policy meeting in January, the central bank raised the cash reserve ratio (CRR) by 75 basis points. Banks are raising lending rates to maintain their profitability after they increased deposit rates in the last few months to attract funds.
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