Gulf Petrochem (india) Private Limited
ACTIVE
ISIN: INE898M07029
Issuer Details
Issuer Name
GULF PETROCHEM (INDIA) PRIVA...
Type of Issuer
Non PSU
Sector
-
Coupon Rate
15%
Industry
-
Issuer nature
-
Corporate Identity Number (CIN)
U11200GJ2011PTC108639
Name of the Lead Manager
-
Registrar
KFIN TECHNOLOGIES PRIVATE LI...
Name of Debenture Trustee
Vistra ITCL (India) Limited
Instrument Details
Instrument name as on NSDL
15% SECURED UNRATED UNLISTED...
Face Value (in ₹)
1000000
Total Issue size( in ₹ Cr.)
35
Category of Instrument
PLAIN VANILLA DEBENTURES
Allotment Date
30-09-2023
Redemption Date
30-03-2027
Whether Secured or Unsecured
Secured
Put Option Date
-
Call Option Date
-
Seniority in Repayment
Senior
Security Measures
Asset Coverage
Principal + Interest
Asset Percentage
100%
Details of Asset Cover
First and exclusive charge on entire current and future fixed assets of the Issuer (Gulf Petrochem (India) Pvt. Ltd.) and Aspam Academy Noida, including plant & machinery, furniture & fixtures.
Asset Type
Details of the security
Movable Asset
First and exclusive charge on entire cash flows, current assets, and movable fixed assets of the Issuer (Gulf Petrochem (India) Pvt. Ltd.) Aspam Academy Noida Aspam Caravan Logistic Parks Pvt. Ltd. & New Horizons Asphalt Pvt. Ltd. (excluding receipts / collections under the Joint Development Agreement of project at Murthal, Sonepat), present and future.
Immovable Assets
First and exclusive charge by way of mortgage of the adjacent land at Amreli, Pipavav in the name of New Horizon Realbuild Pvt. Ltd.
Immovable Assets
First and exclusive charge on the Residential property located at 105, Akashneem Marg, DLF Qutab Enclave (DLF Phase II), Gurgaon admeasuring 502.32 sq. yd. owned by Smt. Anita Goyal
Movable Asset
First and exclusive charge on entire current and future fixed assets of the Issuer (Gulf Petrochem (India) Pvt. Ltd.) and Aspam Academy Noida, including plant & machinery, furniture & fixtures.
Immovable Assets
First and exclusive charge by way of mortgage of immovable assets located at Savli plant, Vadodara, Gujarat. (Savli Plant)
Movable Asset
First and exclusive charge by way of hypothecation of movable assets including plant and machinery located at Savli plant, Vadodara, Gujarat. (Savli Plant)
Non-Current Investments
Eighty Seven Percent Pledge of the shareholding of Aspam Academy Noida and Eighty One pledge of the shareholding of Gulf Petrochem (India) Private Limited
Immovable Assets
First and exclusive charge by way of mortgage of the Pipavav storage terminal of 46 tanks owned by Gulf Petrochem (India) Pvt. Ltd.
Immovable Assets
First and exclusive charge on entire current and future fixed assets of the Issuer (Gulf Petrochem (India) Pvt. Ltd.) and Aspam Academy Noida, including land, building, plant & machinery, furniture & fixtures.
Immovable Assets
First and exclusive charge on entire current and future fixed assets of the Issuer (Gulf Petrochem (India) Pvt. Ltd.) and Aspam Academy Noida, including land, building, plant & machinery,.
Book Debts / Receivables
First and exclusive charge on the escrow accounts opened and maintained in which all receivables of the issuer (Gulf Petrochem (India) Pvt. Ltd.), Aspam Academy Noida, Aspam Caravan Logistic Parks Pvt. Ltd. & New Horizon (excluding receipts / collections under the Joint Development Agreement of project at Murthal, Sonepat) are to be deposited.
Immovable Assets
First and exclusive charge by way of mortgage of land & building of Aspam Academy Noida located at Sector 62 Noida.
Immovable Assets
First and exclusive charge by way of mortgage of the Warehouse property located at Village Raliawas, District Rewari in Haryana in the name of Aspam Caravan Logistic Parks Pvt. Ltd.
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About Gulf Petrochem (india) Private Limited bond with ISIN: INE898M07029
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 INE898M07029, represents a significant financial instrument. Issued by GULF PETROCHEM (INDIA) PRIVATE LIMITED, it comes with the following description: "15% SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURE. SERIES B DATE OF MATURITY 30/03/2027.". Although the bond is currently marked as active, its structure and historical context provide valuable insights into the world of debentures and non-convertible securities. The issuer, GULF PETROCHEM (INDIA) PRIVATE LIMITED, classified as N/A, 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) U11200GJ2011PTC108639 further bolster its credibility. With a coupon rate of 15, this instrument has been meticulously managed with the assistance of KFIN TECHNOLOGIES PRIVATE LIMITED and under the oversight of Vistra ITCL (India) Limited, ensuring a strong operational framework. Examining the technical specifications, the bond’s face value is 1000000 with an issue size of 35. It was allotted on 9/30/2023 and is scheduled for redemption on 3/30/2027. Categorized under "PLAIN VANILLA DEBENTURES" 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. No credit rating information is available for this bond. 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: First and exclusive charge on entire current and future fixed assets of the Issuer (Gulf Petrochem (India) Pvt. Ltd.) and Aspam Academy Noida, including plant & machinery, furniture & fixtures. – 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 INE898M07011 having a coupon rate of 14.5%. 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.