Dear Sir
Dont Miss the opportunity of investing in Larsen & Toubro Finance Secured NCD and earn upto 10.50% + Profit on Sale . Banks & Post office are giving interest 7-8% now a days.
QIB & HNI Quota was already oversubscribed. Now, only retail quota (350 Cr.) is pending. So, File your application fast.
Share market is even uncertain now a days. So Its a good Investment opportunity now to invest in Larsen & Toubro Finance Secured NCD (Safe Investment).
| | L & T Finance Limited Secured NCD | | |
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| Investment Details | | Options | I | II | III | IV | | Interest Payment | Quarterly | Semi - annual | Cummulative | Semi - annual | | Min Application (Rs) | Rs 10,000/- (Retail)
Rs 101,000/- (HNI) | Rs 10,000/- (Retail)
Rs 101,000 /- (HNI) | Rs 10,000/- (Retail)
Rs 101,000/- (HNI) | Rs 10,000/- (Retail)
Rs 101,000/- (HNI) | | Face Value | Rs 1,000 /- | Rs 1,000 /- | Rs 1,000 /- | Rs 1,000 /- | | Multiples | Rs 1,000 /- | Rs 1,000 /- | Rs 1,000 /- | Rs 1,000 /- | | Coupon Rate | 9.51% p.a. | 9.62% p.a | 9.95% Compounded annually | 10.24% p.a | | Yield on Redemption | 9.85% | 9.85% | 9.95% | 10.50% | | Tenure | 60 months | 60 months | 88 months | 120 months | | Redemption Date / Maturity Period | 60 months from the deemed date of allotment. | 60 months from the deemed date of allotment. | 88 months from the deemed date of allotment. | 120 months from the deemed date of allotment. | | Redemption Amount | Face value plus any interest that may have accrued payable on redemption. | Face value plus any interest that may have accrued payable on redemption. | Rs.2,005/- per NCD | Face value plus any interest that may have accrued payable on redemption. |
| | Issue: 50,00,000 NCDs of Rs.1,000/- each aggregating to Rs.500 Crores with an option to retain over-subscription upto Rs.500 Crores for issuance of additional NCDs, aggregating upto a total of Rs.1,000 Crores. | | Stock Exchanges proposed for listing: NSE.
Issuance and trading In Demat form only.
Depository NSDL and CDSL.
Rating(s) CARE AA+ by CARE and LAA+ by ICRA. | | Issue Schedule – 18th August'09 – 4th September'09
Deemed Date of Allotment : Deemed date of allotment shall be the date of issue of the letter of allotment.
Min. Application Money : Rs. 10,000 and in multiples of Re. 1,000 thereafter. Interest Payment : Quarterly Option, Semi-annual Option, Cumulative Option, Semi-annual Option.
Tenor 60 months, 88 months, 120 months respectively. Interest on Application Money : From date of realization of the cheque(s) / demand draft(s) upto the Deemed Date of Allotment, at the rate of 7% per annum. |
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TDS Applicability : No income tax is deductible at source as per the provisions of section 193 of the I.T Act on interest on debentures in respect of the following:
On any securities issued by a company in a dematerialized form listed on recognized stock exchange in India. (w.e.f. 1.06.2008).
Example: We will suggest you to go for 10yrs plan whereby you will get highest Interest. As mentioned earlier, it will be listed on the stock exchange and its market price depends on the Interest rates of Bank Deposits. i.e. When Bank deposit Interest rates are less Market price of NCD is high & vice versa.
Banks are giving 7-7.50% now a days ,,,,so Price of L&T NCD will be around 12…..When Banks rates will go up after 2-3 years say 9-9.30 then Price of L&T NCD will come down say 11. At that time we will suggest to sell it off in the market. So, You will earn 10.50% Int.yield + Profit of 10% on your principal.
Company Profile :
L&T Finance Limited is a company providing a range of financial services. It started its operations by financing the small and medium enterprises and later synergized with the opportunities provided by L&T ecosystem consisting of subsidiaries and associates of L&T Limited, along with the later's large network of dealers, vendors, suppliers, clients etc. The company has now evolved into a multi product asset backed finance company with a diversified corporate and retail portfolio.
The company is a wholly owned subsidiary of L&T Capital Holdings Limited, which is in turn a 99.99% subsidiary company of Larsen & Toubro Limited.
The core business of the company is that of asset backed finance, covering a wide range of commercial and farm assets. It also provides loans for meeting the working capital needs of small and medium enterprise (primarily the vendors and dealers of large corporate) and loans against capital market assets for corporate. The company has recently made a foray into Micro-Finance business further strengthening its commitment towards financial inclusion in the rural economy.
The client base of the company for asset backed loans includes large corporate, banks, multinational companies, small and medium enterprises, contractors, commercial vehicle operators and farmers.
The company was set up in November 1994 as a public limited company. It was registered with RBI under Section 45 IA of the Reserve Bank of India Act, 1934, as a non-banking financial institution without accepting public deposits. Based on the revised regulatory framework prescribed by RBI for NBFCs, it was re-classified under the category "Asset Finance Company-Non Deposit Taking" by RBI in March 2007.
The company is headquartered in Mumbai and has a presence in major cities in India . As on March 31, 2009, it had 78 Branches and 233 points of presence.
L&T General Insurance Company Limited (L&T GIC) is the only subsidiary of the company.
Key performance (unconsolidated) figures for L&T Finance Limited are (in Rs. Crore):
| Particulars | Year ended 31/3/2009 | Year ended 31/3/2008 | Year ended 31/3/2007 | Year ended 31/3/2006 | Year ended 31/3/2005 |
| Total Income | 830.28 | 606.06 | 275.38 | 149.06 | 110.05 |
| Total expenditure | 684.92 | 444.71 | 198.16 | 106.21 | 83.94 |
| Net Profit after Tax | 98.83 | 115.01 | 62.61 | 35.13 | 24.03 |
| Fixed assets | 241.93 | 401.36 | 371.07 | 223.20 | 151.01 |
| Investments | 7.02 | 36.67 | 45.72 | 11.61 | 62.35 |
| Current assets, loans & advances | 5,280.21 | 4,702.63 | 2,679.95 | 1,205.64 | 709.91 |
| Total Assets | 5,529.16 | 5,140.66 | 3,096.74 | 1,440.45 | 923.27 |
| Total Liabilities & loans | 4,652.82 | 4,393.79 | 2,719.02 | 1,225.34 | 789.31 |
| Net Worth | 845.46 | 721.63 | 377.72 | 215.11 | 133.96 |
For further details Kindly Contact us
Thanks & Regards
Nikhil Vadia – 98197 55658
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