Kosamattam Finance Ltd- NCD Issue – April 2014

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2 Responses

  1. Rajendra says:

    It’s secured NCD

    Rating BB meaning – Instruments with this rating are considered to have moderate risk of default regarding timely servicing of financial obligations.

    Security – The principal amount of NCD & all interest due on the ncds, as well as all costs, charges, all fees & expenses payable in respect thereof shall be secured by way of First ranking pari passu charge with the existing secured debenture holders on all movable assets, including book debts and receivables, cash and bank balances etc
    For more details refer Prospects

  2. nirav shahanand says:

    This is secured ncd
    what securities this ncd is giving as capital protection
    and its rating is care -bb , what cause this company rate BB?
    thanx for information 🙂

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