Supra Pacific Management Consultancy Limited is a public limited company registered in Mumbai, India that provides management consulting and non-banking financial services. The company was incorporated in 1986 and its shares were listed on the Bombay Stock Exchange in 2016. Since then, it has been working to expand its lending operations by obtaining credit lines of up to Rs. 100 crores each from two banks. It plans to issue debentures worth Rs. 30-50 crores to increase its net owned funds to Rs. 35 crores by March 2017 to enable more lending. The company aims to lend Rs. 1000 crores by March 2018 by raising additional capital through rights issues and private placements.
Additional Information of Baroda Pioneer Mutual Fund- WishfinAnvi Sharma
The scheme aims to capture growth opportunities provided by large cap, mid cap & small cap companies with flexibility & discretion to invest upto 100% into equities while not exceeding 25% in debt and money market instruments.
Corporate Updates
RBI
RBI issues Master Directions on Foreign Investments in India
RBI permits overseas branches/subsidiaries of Indian banks to refinance ECBs
GOI announces launch of 7.75% Savings (Taxable) Bonds, 2018 commencing from 10th January 2018 - Government of India has announced to launch of 7.75% Savings (Taxable) Bonds, 2018 commencing from 10th January 2018 to enable resident citizens/HUF to invest in a taxable bond, without any monetary ceiling.
• NRIs are not eligible for making investments in these Bonds.
• The Bonds will be issued at par i.e. at Rs.100.00. The Bonds will be issued for a minimum amount of Rs.1,000/- (face value) and in multiples thereof.
• The Bonds will be issued in demat form (Bond Ledger Account) only.
• The Bonds will have a maturity of 7 years carrying interest at 7.75% per annum payable half- yearly.
• The Bonds are not transferable.
MCA
CODS 2018 - Reactivation of DIN is in Process
President Gives Assent to Companies (Amendment) Act, 2017
Insolvency professional to use Registration Number and Registered Address in all his communications.
Insolvency professional not to outsource his responsibilities
Insolvency professional to ensure compliance with applicable laws
Company Website-
www.acquisory.com
NTPC Tax Free Secured Redeemable Non Convertible Bonds.
Public issue by NTPC Ltd. of tax-free secured redeemable non-convertible
green Bonds of face value of Rs. 1,000 each in the nature of debentures having
tax benefits under Section 10(15)(iv)(h) of the Income Tax Act, for an amount
of Rs. 400 crore with an option to retain oversubscription of up to Rs. 300
crore for issuance of additional bonds aggregating to a total of up to Rs. 700*
crore during fiscal 2016.
Issue Opening Date : 23rd of September, 2015
Issue Closing Date : 30th of September, 2015.
The Issue shall remain open for subscription from 10.00 A.M. to 5.00 P.M
Rating AAA (Stable) by ICRA, AAA by CRISIL & AAA (Triple A) by CARE
Case Study On Successful Journey of REPCO Bank In India With Specific Referen...VARUN KESAVAN
Repco Bank (Repatriates Cooperative and Finance and Development Bank) is a cooperative bank established by the Government of India in 1969 to improve financial needs of repatriates from Sri Lanka and Burma.[1] It has been controlled by the Ministry of Home Affairs and operated only in the South Indian states of Andhra Pradesh, Karnataka, Kerala and Tamil Nadu.[1][2] As of 2014, the shares of the bank are Government of India has 73.33%, repatriates has 21.28% and state governments Tamil Nadu has 2.91%, Andhra Pradesh has 1.73%, Kerala has 0.59% and Karanataka has 0.17%.[3]
Additional Information of Baroda Pioneer Mutual Fund- WishfinAnvi Sharma
The scheme aims to capture growth opportunities provided by large cap, mid cap & small cap companies with flexibility & discretion to invest upto 100% into equities while not exceeding 25% in debt and money market instruments.
Corporate Updates
RBI
RBI issues Master Directions on Foreign Investments in India
RBI permits overseas branches/subsidiaries of Indian banks to refinance ECBs
GOI announces launch of 7.75% Savings (Taxable) Bonds, 2018 commencing from 10th January 2018 - Government of India has announced to launch of 7.75% Savings (Taxable) Bonds, 2018 commencing from 10th January 2018 to enable resident citizens/HUF to invest in a taxable bond, without any monetary ceiling.
• NRIs are not eligible for making investments in these Bonds.
• The Bonds will be issued at par i.e. at Rs.100.00. The Bonds will be issued for a minimum amount of Rs.1,000/- (face value) and in multiples thereof.
• The Bonds will be issued in demat form (Bond Ledger Account) only.
• The Bonds will have a maturity of 7 years carrying interest at 7.75% per annum payable half- yearly.
• The Bonds are not transferable.
MCA
CODS 2018 - Reactivation of DIN is in Process
President Gives Assent to Companies (Amendment) Act, 2017
Insolvency professional to use Registration Number and Registered Address in all his communications.
Insolvency professional not to outsource his responsibilities
Insolvency professional to ensure compliance with applicable laws
Company Website-
www.acquisory.com
NTPC Tax Free Secured Redeemable Non Convertible Bonds.
Public issue by NTPC Ltd. of tax-free secured redeemable non-convertible
green Bonds of face value of Rs. 1,000 each in the nature of debentures having
tax benefits under Section 10(15)(iv)(h) of the Income Tax Act, for an amount
of Rs. 400 crore with an option to retain oversubscription of up to Rs. 300
crore for issuance of additional bonds aggregating to a total of up to Rs. 700*
crore during fiscal 2016.
Issue Opening Date : 23rd of September, 2015
Issue Closing Date : 30th of September, 2015.
The Issue shall remain open for subscription from 10.00 A.M. to 5.00 P.M
Rating AAA (Stable) by ICRA, AAA by CRISIL & AAA (Triple A) by CARE
Case Study On Successful Journey of REPCO Bank In India With Specific Referen...VARUN KESAVAN
Repco Bank (Repatriates Cooperative and Finance and Development Bank) is a cooperative bank established by the Government of India in 1969 to improve financial needs of repatriates from Sri Lanka and Burma.[1] It has been controlled by the Ministry of Home Affairs and operated only in the South Indian states of Andhra Pradesh, Karnataka, Kerala and Tamil Nadu.[1][2] As of 2014, the shares of the bank are Government of India has 73.33%, repatriates has 21.28% and state governments Tamil Nadu has 2.91%, Andhra Pradesh has 1.73%, Kerala has 0.59% and Karanataka has 0.17%.[3]
#IRDA
Insurance regulatory development and authority is the statutory, independent, and apex body that governs and supervises the insurance industry in India.
Organizational Setup of IRDA
OBJECTIVES OF IRDA
FUNCTIONS OF IRDA
#OMBUDSMAN
POWERS OF OMBUDSMAN
Complaints Can Be About
#RBI
Reserve Bank of India is the central bank of India. The reserve bank of India was established on 1st April 1935, under the reserve bank of India act,1934.
This bank was constituted as a private shareholders bank with a fully paid-up share capital of Rs.5crores, divided into 5,00,000 fully paid up shares of Rs.100 each.
Bank was nationalized with effect from January 1949 under the reserve bank Act,1948.
The entire share capital of the bank was acquired by the central government after giving adequate compensation to the shareholders.
Thus, from 1st January 1949, the reserve bank of India became a state-owned institution.
MANAGEMENT OF RBI
OBJECTIVES
FUNCTIONS OF RBI
The NRI & HHNI segment of Indians abroad are increasing at a phenomenal rate and every financial institution should make an endeavour in the Indian wealth management market to tap the full potential of such clients.
What Prompted RBI to Ipose penalty on Bandhan Bank?Gyananjaya Behera
This presentation includes the reasons why RBI Prompted to impose penalties on Bandhan Bank, Which section did RBI use of BR Act to impose penalty. What should be the shareholding pattern.
It is a legislation in India that regulates all banking firms in India. it came into force from 16 March 1949 and changed to Banking Regulation Act 1949 from 1 March 1966. It is applicable in jammu and Kashmir from 1956.
Enacted: 10 March 1949
Enacted by: Parliament of India
Territorial extent: Whole of India
Additional Information of UTI Mutual Fund- WishfinAnvi Sharma
An open-ended equity fund with the objective to provide Capital appreciation through investments in the stocks of the companies engaged in providing transportation services, design, manufacture, distribution or sale of transportation equipment and companies in he logistics sector.
#IRDA
Insurance regulatory development and authority is the statutory, independent, and apex body that governs and supervises the insurance industry in India.
Organizational Setup of IRDA
OBJECTIVES OF IRDA
FUNCTIONS OF IRDA
#OMBUDSMAN
POWERS OF OMBUDSMAN
Complaints Can Be About
#RBI
Reserve Bank of India is the central bank of India. The reserve bank of India was established on 1st April 1935, under the reserve bank of India act,1934.
This bank was constituted as a private shareholders bank with a fully paid-up share capital of Rs.5crores, divided into 5,00,000 fully paid up shares of Rs.100 each.
Bank was nationalized with effect from January 1949 under the reserve bank Act,1948.
The entire share capital of the bank was acquired by the central government after giving adequate compensation to the shareholders.
Thus, from 1st January 1949, the reserve bank of India became a state-owned institution.
MANAGEMENT OF RBI
OBJECTIVES
FUNCTIONS OF RBI
The NRI & HHNI segment of Indians abroad are increasing at a phenomenal rate and every financial institution should make an endeavour in the Indian wealth management market to tap the full potential of such clients.
What Prompted RBI to Ipose penalty on Bandhan Bank?Gyananjaya Behera
This presentation includes the reasons why RBI Prompted to impose penalties on Bandhan Bank, Which section did RBI use of BR Act to impose penalty. What should be the shareholding pattern.
It is a legislation in India that regulates all banking firms in India. it came into force from 16 March 1949 and changed to Banking Regulation Act 1949 from 1 March 1966. It is applicable in jammu and Kashmir from 1956.
Enacted: 10 March 1949
Enacted by: Parliament of India
Territorial extent: Whole of India
Additional Information of UTI Mutual Fund- WishfinAnvi Sharma
An open-ended equity fund with the objective to provide Capital appreciation through investments in the stocks of the companies engaged in providing transportation services, design, manufacture, distribution or sale of transportation equipment and companies in he logistics sector.
Additional Information of Principal Mutual Fund- WishfinAnvi Sharma
The scheme will invest 65% - 95% in Mid Cap stocks, i.e., stocks with market cap in the range of market cap of benchmark Nifty Midcap 100 Index, and 5% - 15% in Small Cap stocks, i.e., stocks with market cap lower than the market cap of the last stock in the benchmark Nifty Midcap 100 Index.
A Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 1956/2013 and is engaged in the business of loans and advances, deposits, acquisition of shares stock/bonds/debentures/securities issued by Government or local authority or other securities of like marketable nature, leasing, hire-purchase, insurance business, chit business but does not include any institution whose principal business is that of agriculture activity, industrial activity, sale/purchase/construction of immovable property. To register NBFC in India, the Company must have approval from Reserve Bank of India.
NON - BANKING FINANCIAL COMPANIES IN INDIA & IT'S LEGAL FRAMEWORK Vishnu Rajendran C R
What is a Non-Banking Financial Company (NBFC)?
A Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 1956 engaged in the business of loans and advances, acquisition of shares/stocks/bonds/debentures/securities issued by Government or local authority or other marketable securities of a like nature, leasing, hire-purchase, insurance business, chit business but does not include any institution whose principal business is that of agriculture activity, industrial activity, purchase or sale of any goods (other than securities) or providing any services and sale/purchase/construction of immovable property. A non-banking institution which is a company and has principal business of receiving deposits under any scheme or arrangement in one lump sum or in installments by way of contributions or in any other manner, is also a non-banking financial company (Residuary non-banking company).
Emerging Trends in Corporate Finance - Sources of Corporate Financing and La...Resurgent India
There is a flurry of activities in the IPO space following stabilizing trends in the stock markets. Increasing number of companies are looking to raise funds to finance their business expansion and loan repayments and to meet the working capital requirements
1. Company Profile
OF
SUPRA PACIFIC MANAGEMENT
CONSULTANCY LIMITED
REGISTERED & CORPORATE OFFICE:
402, 4th Floor, Apollo Complex,
R. K. Singh Marg, Off Parsi Panchayat Road,
Andheri (East), Mumbai – 400 069
Phone: +91-22-28240444, Email Id: info@suprapacific.com, www.suprapacific.com
CIN: L74140MH1986PLC039547
1st December 2016
2. (1) Profile of the Company
Name of the Company
Supra Pacific Management Consultancy
Limited
Registered& Corporate Office
Address of the Company
402, 4th Floor, Apollo Complex,
R. K. Singh Marg, Off Parsi Panchayat
Road, Andheri (East), Mumbai – 400
069
Telephone No. +91-22-28240444 / 28216736
Email Id info@suprapacific.com
Website www.suprapacific.com
Date of Incorporation 11/04/1986
CIN of the Company L74140MH1986PLC039547
ISIN of the Company INE268T01015
Name of the Stock Exchange where
the Shares of the Company are
listed Bombay Stock Exchange
Our Scrip Code on Bombay Stock
Exchange 540168
(2) About the Company:
Supra Pacific Management Consultancy Limited was incorporated on
11/04/1986 as a Private Limited Company & it was subsequently converted to
Public Ltd Company. It had made a public Issue during the year 1996. Then its
equity shares were listed on Pune Stock Exchange and Ahmedabad Stock
Exchange on 23/08/1996.
However, there were not much trading activities on these two Stock Exchanges.
Also, the company did not carry out housing finance business. Thus the
company remained almost inactive for about 20 years. Now we have it listed on
the Bombay Stock Exchange on 28/10/2016.
(3) Brief Financial Past History - 1996-2016 (20 years):
In the year 2014-15, shareholders’ approval was obtained for direct listing on
BSE as per SEBI guideline.
During the year 1999, the company had obtained RBI registration as NBFC.
There has been regular reporting to RBI, ROC, Stock Exchange, SEBI, Income
Tax dept. and other authorities. Regular Audits, AGMs, and EGMs have been
conducted as required under various laws.
Thus, Company was legally operative but did not conduct any significant
business except that equity corpus fund was safely deployed. There was no loss
but normal profit.
3. (4) BSE listing:
As per the BSE norms, our company was designated as “Compliant Company”.
Our equity shares were dematted as required. We had past 3 years profit track
record. We had Rs. 5.5 Crs paid up capital and more has 1000 shareholders.
After completing BSE procedure, our Company got BSE listing on 28/10/2016.
Our Board of Director has taken decision to carry on NBFC related activities
aggressively. In our AGM on 28/09/2016, the shareholders have authorized the
Directors to borrow fund up to Rs. 500 Crs. Now this is well set to carry out
NBFC activities in big way.
(5) Credit Lines Approvals From Banks/Financial Institutes:
(a) Credit Line From Financial Institute – SICOM has granted our company
credit line up to Rs. 100 Crs to borrow from them for NBFC activities like
Project Funding etc.
(b) Credit Line From Private Bank – Indusind Bank has granted our company
credit line up to Rs. 100 Crs to borrow from them for NBFC activities like
Bill Discounting, Funding Bank Guarantee, Project Funding etc.
(6) Operations during Period October 2016-March 2017: Since completing BSE
listing procedure, we are embedding professionally qualified Directors on the
Board, setting up Internal Administration, establishing Credit limits with
Bank/Financial Institutes and liasioning with associates/bankers, etc. The
company has on hand business and hopes disbursement up to Rs. 200 Crs by
March 2017.
(7) Future Planning- First Series NCD Issue: The company has started negotiation
with HNI investors and has received In-principal consent from them to
subscribe in its NCD issue up to Rs. 50 Crs in near future.
The company is planning to open NCD issue during December 2016/ January
2017 for open Rs. 30 Crs to Rs. 50 Crs in accordance with guidelines of
SEBI/RBI/BSE.
The debenture will be issued on Private Placement basis in demat form.
(8) NOF Planning:
At the moment our Networth is about Rs. 6 Crs..When we complete NCD issue
of Rs. 30 Crs, our NOF will be around Rs. 35 Crs. This will enable us to borrow
upto Rs. 200 Crs for project funding by March 2017.
(9) Further Series Of NCD/Right Equity Issue/Placement Of Equity Shares
Abroad During Financial Year 2017-2018.
The company has started taking long terms action and has started negotiation
with strategic investors for subscription of NCD, Right Issue, Private Placement
Equity etc. which will take our NOF from Rs. 35 Crs to Rs. 200 Crs by March
2018.
4. This will enable us to borrow upto Rs. 1000 Crs from Banks and Financial
Institute in India and Abroad.
By March 2018, we are planning to reach fund disbursement of Rs. 1000 Crs.
(10) Operations Abroad
RBI has opened gates for receiving funds in NBFC from abroad in a much
easier way. We are appointing few senior known management persons as our
Associates and Directors to seek fund for project finance and our instrument
finance etc.
Our efforts will show the result very soon.
(11) Business Model:
(a) Funding NPA Projects / NPA Assets:
As per estimates, the bank loan / asset valuing about Rs. 15 Lakh Crores
with all business is currently classified as NPA/ SEMI NPA.
Normally, NPA assets are sold by lenders / Financial Institutes in the open
market to recover bad loans. However, the lenders have utterly failed in
recovery by openly selling assets.
(b) Role of Asset Reconstruction Companies (ARC) & NBFC:
There are about 30 active RBI registered Asset Reconstruction Companies
(ARCs) to take over NPA Account from funder and dispose off the assets.
However, in view of huge NPA accounts and small number of ARCs, the
settlement of NPA account was not significant.
(c) New Guideline from RBI:
During September 2016, RBI realized that these small numbers of ARCs are
not sufficient to help Banks to wipe out NPAs. Hence RBI has issued
circulars to all the banks and lenders that they can directly refer NPA
accounts to NBFCs who can help to dispose off the NPA assets within
framework of law.
This has open flood gates of opportunities for NBFCs like us. Through our
network of associates in India and Abroad, we will be able to take over huge
amount of NPA accounts in due course.
Be partner in our prosperity.
Join hands with us as Associate, Funder, Shareholder or Borrower etc. and let
us prosper together.
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