Shriram Group started accepting Secured Non Convertible Debentures (NCD). They started at right time when Share market is at top level and everyone expecting correction or feel risky to invest further. In this scenario, it will give good & safe return. Trustee : IDBI Advantages of this NCD compared to earlier NCD : Please note that NCD will be issued in Physical form, so even those who are not having Demat A/c can also invest in the same this time. There is no lock in period like earlier NCD. You can Invest in the same for different duration as per your choice from 1 year to 7 years. Comparision Between Shriram Transport Finance Co.Ltd. & Mahindra Finance Ltd. Shriram Upto 11% Secured NCD V/s. Mahindra Finance 9.50% - Fixed Deposits | | Shriram Transport Finance Co. Ltd. | Mahindra Finance Ltd. | | Incorporation | 1979 | 1991 | | Income F.Y.2009-10 | 4,403 Crs. | 1,568 Crs. | | Profit After Tax 2009-10 | 873 Crs. | 344 Crs. | | NPA | 0.71% | 0.90% | | Reserves & Surplus | 3,610 Crs. | 1,631 Crs. | | CRISIL Rating | FAA+ (Stable & Highest Safety) by CRISIL | FAA+ (Stable & Highest Safety) by CRISIL | | Rate of Interest | Upto 11% (Cumulative & Non Cumulative) | 9.50% (Cumulative) 9.25% (Non Cumulative) + 0.25% Sr.Citizen / Shareholders | | Nature | Secured | Unsecured | | Trustee | IDBI | None | | Share Price (As on 03.11.2010 | 856 | 780 | Other Highlights in addition to above Points : Ø STFC is India 's Largest Asset Financing Non-Banking Finacial Corporation (NBFC) with over Rs.30,000 Crore of Assets Under Management (AUM). The company has a customer base of over 600,000. Its AUM has grown by a compounded annual growth rate of over 65% in the last 4 years. Ø It has 20-25% Market Share in this segment. The company Finances 5-12 year old Trucks / Commercial Vehicles where Competition from organized players is non existent. Ø No. of Mutual Funds invested in STFC was 13 in May'09, 25 in Dec'09 & 30 in May'10 Ø Suggested for Shriram Unnati Fixed deposits Investment by Outlook Money dated 11.08.2010. Ø One of the Top 10 Shares to buy suggested by Money Today – Aug'2010 Pls Find attached herewith Followings for yr reference. 1. Revised Interest Rate of NCD 2. Shriram Secured NCD Highlights 3. Articles On Outlook Money – Aug'2010 4. Articles On Money Today – Aug'2010 5. Articles in Economic Times – Sep'2010 6. Form of Secured Non Convertible Debentures (NCD) 7. 15G Form For any queries & Forms, Kindly Contact us. Thx & Regards Nikhil Vadia - 98197 55658 | 
No comments:
Post a Comment