Essar Shipping Limited

About Essar Shipping Limited bond with ISIN: INE122M08014

In the competitive landscape of fixed income securities, detailed and comprehensive information is vital for both investors and market analysts. This bond, identified by the unique ISIN INE122M08014, represents a significant financial instrument. Issued by ESSAR SHIPPING LIMITED, it comes with the following description: "13.10% Unsecured Redeemable Non Convertible Debentures. Letter of Allotment. Date of Maturity : 23/06/2017". Although the bond is currently marked as inactive, its structure and historical context provide valuable insights into the world of debentures and non-convertible securities. The issuer, ESSAR SHIPPING LIMITED, classified as Non PSU, plays an essential role in the market despite some details such as sector, industry, and issuer nature not being explicitly provided. Key identifiers like the Corporate Identification Number (CIN) L61200GJ2010PLC060285 further bolster its credibility. With a coupon rate of 13.1%, this instrument has been meticulously managed with the assistance of DSRC Limited and under the oversight of N/A, ensuring a strong operational framework. Examining the technical specifications, the bond’s face value is 1000000 with an issue size of 10. It was allotted on 6/23/2012 and is scheduled for redemption on 6/23/2017. Categorized under "-" and defined as Secured, the instrument is structured to meet specific investment objectives. Although options such as call or put are not applicable in this instance, the core attributes remain detailed and robust. A critical element in evaluating any fixed income instrument is its credit rating. The bond carries a credit rating of SUSPENDED as provided by CARE Ratings Limited. In the market, ratings typically range from D to AAA, and a rating of SUSPENDED is generally considered to be on the riskier end of the spectrum. This insight helps potential investors understand that while the ratings spectrum is broad, a lower rating can indicate higher risk, prompting careful consideration before investing. The security measures add another layer of assurance. The asset cover is described as follows: All that piece or parcel of non-agricultural freehold land admeasuring 433.28 Sq. Mtrs. forming part of the said Land described in the First Schedule made up of plot land known as Plot No.41 admeasuring 240.00 Sq. Mtrs. or thereabouts inclusive of parking area and with permissible construction up to builtable area as per sanctioned plan (forming part of amalgamated Survey No.255 of Mouje Maharajpura of Kadi Taluka in the Registration District Mehsana and Sub-District of Kadi – a feature that, while requiring further inquiry for complete details, underscores the issuer’s commitment to providing some level of investor protection. Furthermore, the bond is supported by several documents. There are no additional documents available for this bond. These documents serve as a reference for additional details and provide transparency to interested parties. Additionally, there are similar bonds in the market such as the bond with ISIN INE122M08022 having a coupon rate of 13.1% and the bond with ISIN INE122M08055 having a coupon rate of 12.3% and the bond with ISIN INE122M07016 having a coupon rate of 1% and the bond with ISIN INE122M08030 having a coupon rate of 13.1%. Such comparable instruments offer a broader perspective on market positioning and allow investors to perform benchmark analysis. This detailed description is crafted to meet rigorous content standards and to offer exhaustive insights into every facet of the bond’s structure. Investors, analysts, and researchers alike can derive substantial value from this narrative, which underscores both the instrument’s inherent characteristics and its broader market positioning. Such elaborate coverage enhances investor confidence by providing a rich, comprehensive content base. Every element from issuance details to security measures and comparative insights is meticulously presented to facilitate an informed and robust market understanding.