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  1. Home
  2. K V Developers Priva...

K V Developers Private Limited

ACTIVE

ISIN: INE0SA107012

Issuer Details

Instrument Details

Security Measures

Cash Flow Schedule

Issuer Details


Issuer Name

K V DEVELOPERS PRIVATE LIMIT...

Type of Issuer

Non PSU

Sector

Realty

Coupon Rate

12%

Industry

Realty

Issuer nature

Other

Corporate Identity Number (CIN)

U70102DL2012PTC241987

Name of the Lead Manager

-

Registrar

-

Name of Debenture Trustee

Catalyst Trusteeship Limited...

Instrument Details


Instrument name as on NSDL

12% IRR SECURED UNRATED UNLI...

Face Value (in ₹)

1000000

Total Issue size( in ₹ Cr.)

100

Category of Instrument

PLAIN VANILLA DEBENTURES

Allotment Date

22-07-2024

Redemption Date

22-07-2029

Whether Secured or Unsecured

Secured

Put Option Date

-

Call Option Date

-

Seniority in Repayment

Senior

Security Measures


Asset Coverage

Principal

Asset Percentage

-

Details of Asset Cover

Irrevocable & unconditional Personal Guarantees of Mr. Sumit Khanna and Ms. Geetanjali Khanna. Irrevocable & unconditional Corporate Guarantees of REARCo Pvt Ltd and SUKH Family Trust. Promissory Notes and UDC of K V Developers Pvt Ltd, REARCo Pvt Ltd, Mr. Sumit Khanna and Ms. Geetanjali Khanna, as applicable. Registration of charges with ROC / Central Registry (CERSAI).

Sr No.

Asset Type

Details of the security

1

Others, Please Specify

Existing Lender LIC Housing Finance Ltd to release charge on the above securities to create 1st ranking charge in favor of the SWAMIH Investment Fund I. Existing Lender to continue to hold 2nd ranking charge on the Project. All the original title documents shall be kept in the custody of Debenture Trustee to be appointed by SWAMIH Investment Fund I.

2

Others, Please Specify

Such other security as may be requested by Debenture Trustee in terms of the debenture trust deed.

3

Others, Please Specify

Irrevocable & unconditional Personal Guarantees of Mr. Sumit Khanna and Ms. Geetanjali Khanna. Irrevocable & unconditional Corporate Guarantees of REARCo Pvt Ltd and SUKH Family Trust. Promissory Notes and UDC of K V Developers Pvt Ltd, REARCo Pvt Ltd, Mr. Sumit Khanna and Ms. Geetanjali Khanna, as applicable. Registration of charges with ROC / Central Registry (CERSAI).

4

Tangible Assets

First ranking charge Subject to GNIDA Land dues by way of hypothecation of all the current and non current assets, present and future, tangible and intangible, of the Project and Collateral

5

Intangible Assets

First ranking charge Subject to GNIDA Land dues by way of hypothecation of all the current and non current assets, present and future, tangible and intangible, of the Project and Collateral

6

Others, Please Specify

Additional collateral of equitable mortgage of Unit No. T2/182 and T2/221 in the Project with total saleable area of 3,010 sq ft owned by Mr. Sumit Khanna. Additional collateral of equitable mortgage of Unit No. T2/42 in the Project with saleable area of 1,505 sq ft owned by Ms. Geetanjali Khanna. Pledge on 100% Equity shares of K V Developers Pvt Ltd. Pledge on 79.3% Equity shares of REARCo Pvt Ltd held by SUKH Family Trust (acting through Amicorp Trustees (India) Private Limited and Promoters.

7

Others, Please Specify

Priority Cashflow sharing of maximum up to Rs 35.3 Crs plus Applicable Interest from receivables, net off applicable GST and Pass through charges, if any from the Project are proposed to be shared with Existing Lender LIC Housing Finance Ltd Post adjustment of any TDS applicable on Interest.

8

Immovable Assets

First ranking charge subject to GNIDA Land dues by the way of mortgage on Project Land of KVD Wind Park consists of 964 units with a total saleable area of 10,50,101 Sq ft. Development Rights or FSI of entire project, All structures and construction on the Project Land including Collateral excluding units sold and proportionate share in common area of units sold.

9

Trust & Retention Account /Escrow Accounts

Opening / maintaining of Escrow Account for routing all proceeds, from the designated RERA account. From the date of 1st investment 100% of the Project collections will be routed through the designated Escrow Accounts. Developer to undertake to deposit all the project receivables into designated Escrow account as specified by Investor as per terms of transaction documents.

10

Current Assets

First ranking charge Subject to GNIDA Land dues by way of hypothecation of all the current assets, present and future, tangible and intangible, of the Project and Collateral

11

Book Debts / Receivables

First ranking charge Subject to GNIDA Land dues by way of hypothecation over the non current assets, the receivables from sold and unsold units of the Project & Collateral.

Disclaimer: Tap Bonds gathers data directly from the respective OBPP websites but does not guarantee its accuracy. We do not offer investment advice or endorse the purchase of any securities mentioned, nor do we warrant the reliability of the information collected.

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About K V Developers Private Limited bond with ISIN: INE0SA107012

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 INE0SA107012, represents a significant financial instrument. Issued by K V DEVELOPERS PRIVATE LIMITED, it comes with the following description: "12% IRR SECURED UNRATED UNLISTED REDEEMABLE NON-CONVERTIBLE DEBENTURES DATE OF MATURITY 22/07/2029.". 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, K V DEVELOPERS PRIVATE 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) U70102DL2012PTC241987 further bolster its credibility. With a coupon rate of 12, this instrument has been meticulously managed with the assistance of N/A and under the oversight of Catalyst Trusteeship Limited (Formerly GDA Trusteeship Limited), ensuring a strong operational framework. Examining the technical specifications, the bond’s face value is 1000000 with an issue size of 100. It was allotted on 7/22/2024 and is scheduled for redemption on 7/22/2029. 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: Irrevocable & unconditional Personal Guarantees of Mr. Sumit Khanna and Ms. Geetanjali Khanna. Irrevocable & unconditional Corporate Guarantees of REARCo Pvt Ltd and SUKH Family Trust. Promissory Notes and UDC of K V Developers Pvt Ltd, REARCo Pvt Ltd, Mr. Sumit Khanna and Ms. Geetanjali Khanna, as applicable. Registration of charges with ROC / Central Registry (CERSAI). – 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 INE005X08018 having a coupon rate of 9% and the bond with ISIN INE002Z08077 having a coupon rate of N/A and the bond with ISIN INE0NO807016 having a coupon rate of 16% and the bond with ISIN INE003S07247 having a coupon rate of 9.3%. 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.

Disclaimer: The facts and information on this page are for information and awareness purposes only. No information provided here is intended towards any specific user and should not be construed as investment advice or a recommendation of any kind whatsoever. You are requested to consult with your professional investment advisor or tax advisor for specific directions on any investments in any securities including the bonds mentioned on this page before making any investment decision. Tap Bonds shall not be liable for any losses incurred by you based on an investment decision utilising the information.
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All information is sourced from public datasets.