The document provides information on various long term financing options for companies including venture capital, public and private placements, long term debt sources like term loans and private placements. It also includes details on BSRM's sources of financing, debt to equity trends over time compared to other companies, long term loan details and repayment schedules, information on a 12% convertible bond issue including valuation and repayment, and ratio analysis of BSRM's financial performance and position over several years.
We are all looking for a regular and passive source of income, right? Now, you can withdraw a set amount of money from your mutual fund investments every month/quarter through a process called Systematic Withdrawal Plan (SWP).
Think of it as a SIP but in reverse. It’s a simple concept but very powerful with respect to the amount of flexibility it provides you compared to other sources of regular income like FDs, rental income etc. Here are some of its benefits:
✅ Flexibility: Choose between monthly/quarterly/bi-annual payments
✅ Liquidity: Withdraw the corpus anytime, if required
✅ Tax Benefits: Earn significantly higher post-tax returns than FDs
✅ Returns: Potential to beat inflation and grow your invested amount
SWP is a very useful and powerful tool if you are a retiree or looking to draw income from a pool of money that you have set aside. For example: If you have accumulated 25 lakhs rupees, you can easily start getting INR 10,000 per month via an SWP and also proportionally increase this amount every year to match the inflation. This ensures that you are able to get regular cash flows and at the same time grow your capital.
We are all looking for a regular and passive source of income, right? Now, you can withdraw a set amount of money from your mutual fund investments every month/quarter through a process called Systematic Withdrawal Plan (SWP).
Think of it as a SIP but in reverse. It’s a simple concept but very powerful with respect to the amount of flexibility it provides you compared to other sources of regular income like FDs, rental income etc. Here are some of its benefits:
✅ Flexibility: Choose between monthly/quarterly/bi-annual payments
✅ Liquidity: Withdraw the corpus anytime, if required
✅ Tax Benefits: Earn significantly higher post-tax returns than FDs
✅ Returns: Potential to beat inflation and grow your invested amount
SWP is a very useful and powerful tool if you are a retiree or looking to draw income from a pool of money that you have set aside. For example: If you have accumulated 25 lakhs rupees, you can easily start getting INR 10,000 per month via an SWP and also proportionally increase this amount every year to match the inflation. This ensures that you are able to get regular cash flows and at the same time grow your capital.
Mobile transaction 4th week updated July 21-2023.pptxetebarkhmichale
Kena activity summary
Kena is a capacity-building service product of the Ethiopian Youth Entrepreneurs Association, with an objective to provide training, mentorship, access to finance, and market exposure to youth-founded or run businesses. It also aims to encourage youth entrepreneurship through hosting innovation competitions. The association is partnering with a diverse set of stakeholders like private and government-owned financial institutions, policymakers as well development partners, to provide such enabling services in four primary categories. The service provides: -
Training and mentorship: Through the support of development partners and policy makers the association targets to provide technical and soft skill training for young entrepreneurs who are members of the association, The training includes subjects of finance management, business development, and scaling. Furthermore includes soft skill training like time and resource management for business owners. These services will be provided through service providers both in online and offline delivery formats and will be digitally tracked to measure/evaluate the success of the trainees. Kena platform will avail such digital capital to members of the association.
Access to finance: Kena will be one of the means by which youth entrepreneurs will gain possibilities to access grant and credit forms of financing as per the service mandate of the association. Financing will be offered in three models: -,
Grant processing and mediation based on criteria set by the donors working with the association and standard information qualifications set by the association,
Investment matching through standardized members' business profiling and investor targeting
Digital credit facilitation and due diligence processing of members' businesses in partnership with private and public finance and financing institutions
Market exposure: Through stakeholder engagement and ecosystem actors Kena will host various types of business expos, networking events, and conferences, in addition, This category of engagement will also enable member exposure to attend and be part of international business expos and conferences to further their market reach as well as professional exposure.
Mobile transaction 4th week updated July 21-2023.pptxetebarkhmichale
Kena activity summary
Kena is a capacity-building service product of the Ethiopian Youth Entrepreneurs Association, with an objective to provide training, mentorship, access to finance, and market exposure to youth-founded or run businesses. It also aims to encourage youth entrepreneurship through hosting innovation competitions. The association is partnering with a diverse set of stakeholders like private and government-owned financial institutions, policymakers as well development partners, to provide such enabling services in four primary categories. The service provides: -
Training and mentorship: Through the support of development partners and policy makers the association targets to provide technical and soft skill training for young entrepreneurs who are members of the association, The training includes subjects of finance management, business development, and scaling. Furthermore includes soft skill training like time and resource management for business owners. These services will be provided through service providers both in online and offline delivery formats and will be digitally tracked to measure/evaluate the success of the trainees. Kena platform will avail such digital capital to members of the association.
Access to finance: Kena will be one of the means by which youth entrepreneurs will gain possibilities to access grant and credit forms of financing as per the service mandate of the association. Financing will be offered in three models: -,
Grant processing and mediation based on criteria set by the donors working with the association and standard information qualifications set by the association,
Investment matching through standardized members' business profiling and investor targeting
Digital credit facilitation and due diligence processing of members' businesses in partnership with private and public finance and financing institutions
Market exposure: Through stakeholder engagement and ecosystem actors Kena will host various types of business expos, networking events, and conferences, in addition, This category of engagement will also enable member exposure to attend and be part of international business expos and conferences to further their market reach as well as professional exposure.
Recruiting in the Digital Age: A Social Media MasterclassLuanWise
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The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
LA HUG - Video Testimonials with Chynna Morgan - June 2024Lital Barkan
Have you ever heard that user-generated content or video testimonials can take your brand to the next level? We will explore how you can effectively use video testimonials to leverage and boost your sales, content strategy, and increase your CRM data.🤯
We will dig deeper into:
1. How to capture video testimonials that convert from your audience 🎥
2. How to leverage your testimonials to boost your sales 💲
3. How you can capture more CRM data to understand your audience better through video testimonials. 📊
Premium MEAN Stack Development Solutions for Modern BusinessesSynapseIndia
Stay ahead of the curve with our premium MEAN Stack Development Solutions. Our expert developers utilize MongoDB, Express.js, AngularJS, and Node.js to create modern and responsive web applications. Trust us for cutting-edge solutions that drive your business growth and success.
Know more: https://www.synapseindia.com/technology/mean-stack-development-company.html
Event Report - SAP Sapphire 2024 Orlando - lots of innovation and old challengesHolger Mueller
Holger Mueller of Constellation Research shares his key takeaways from SAP's Sapphire confernece, held in Orlando, June 3rd till 5th 2024, in the Orange Convention Center.
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Personal Brand Statement:
As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
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In the Adani-Hindenburg case, what is SEBI investigating.pptxAdani case
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3. Long Term Financing: Public and Private Placement
Private Placement Parameter Public Bonds
Exempt from registration with SEC Registration Required to be a registration with SEC
Long term (up to 25+ years) Bullets or
amortizing structure
Tenor Long term (up to 25+ years) Bullets
with standard maturities
$20 million-$500 million in single
multiple structures
Issue Size >$300 million in a single issuance to
assure index eligibility
Fixed or floating Rate Generally fixed
None required Public rating Typically required
Minimal, no ongoing fees Fees Registration/rating fees placement
fees
Accredited Investors, typically
institutional single clubs or larger
groups buy and hold natures, smaller
investors base allows for amending
structure as needed
Investors Institutional investors sizable groups
can be active trader’s broad investor
base makes it difficult to change
terms post-funding
4. Long Term Financing: Long Term Debt
Public
Issues
Private
Financi
ng
1. Term Loans
2. Private Placements
6. Company Act, 1994
Definition
Mortgages
It is specified in section 161 that
debenture is a certificate of loan
acknowledged by the company which
has a claim on the asset or not
A mortgage is a property created only for
securing the interest of the debt holders.
According to section 159, a mortgage for
a bond cannot be a floating charge or a
charge for securing the issue of debt, on
the uncalled share, on any immovable
property with interest therein, on any
book debts, on any movable property
except stock-in-trade.
1
2
3
4
Commission and
Discount
Commission, discount, or allowance is
recognized as payment to any third party
for the debt issuance procedures. It can
be made absolutely or, conditionally, or in
consideration of his subscription to the
debt.
Payment Receiver
Section 170 of the Company Act
recognized anyone who maintains the
mortgaged property or is entitled to the
payment from the debenture under the
name "receiver." A receiver can be a
person/company or collect payment on
behalf of a company.
7. SEC (Private Placement) Rules 2012
Conditions for
issuer
Registration of
Trustee
Application for
issue and
consent
8. BSRM: Source of Financing
39%
10%
51%
Portion of Financing
Equity Non-current liabilities Current liabilities
10. Debt to Asset Ratio
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
50%
BSRM ltd GPH Ispat RSRM Abul Khair steel BSRM steel
4%
49%
12%
17%
13%
Debt to Asset Ratio 2019-20
11. Long Term Loans
1
2
3
4
Agrani Bank Limited
Interest Rate: 12%
Project Loan
For meeting expenditure for capital
machineries
Security
i. Mortgage of land area of 1.98 acre and
building thereon.
ii. Hypothecation on all existing and
proposed machineries and furniture of
the project
iii. Personal guarantee of all directors of
the company.
Amount: BDT 111,936,000
1st Disbursement: December 2004
Tenure: 8 years
1st Payment: June 2007
Tenure: 8 years
13. 12% Convertible Bond
12% Convertible Bond
Subscribers: Banks and
NBFs
Maturity: 5 years
Coupons Paid: quarterly
Convertibility
Amount: BDT 2000 million
Annual Coupon interest: 13%
Repayment will start from 2nd year and
88% of the total issue will be redeemed
over 4 years in equal installment except
100% of SABINCO portion that is BDT
27.6 million will be redeemed in cash.
Trustee: Eastern Bank Ltd
12% of the bond worth BDT 212.4 million
will be converted into ordinary share of
BSRM within 30 days after the end of the
first year except for SABINCO. .
The conversion will take place at BDT 38
per share with face value of BDT 10 per
share.
1
2
3
4
14. Annuity Valuation for Repayment
Present value of total collection
1332.552 million
Cost of capital
13%
Year
5
Compounding
Quarterly
PMT or annuity per quarter
91.7 million
16. YTM (Yield to Maturity) on 12% convertible bond
Collection from bond except flotation cost (1500-17) = 1483 million
Quarter installment 91.65 million
Number of years 5
Portion of converting into ordinary share (1500-17-230) = 1253×12% = 150.36
million
Minimum value of ordinary share at the end
of 2nd year
150.36 × (57/38) = 225.54 million
YTM 15%
17. Year Interest Principal Total actual payments
2014 97500000 97500000
2015 183300000 27600126 210900126
2016 85892815 330000000 415892815
2017 128700000 330000000 458700000
2018 85800000 330000000 415800000
2019 42900000 330000000 372900000
Actual YTM