Bonds/Debenture Details
ISIN INE884Q07038

Issuer Details

Issuer Name: MIDLAND MICROFIN LIMITED   Issuer Former Name:
  1. SAJAN HIRE PURCHASE LIMITED
Corporate Identity Number(CIN): U65921PB1988PLC008430    
Type of Issuer Based on Ownership: Non PSU   Type of Issuer - Nature: NBFC
Registered Office Address of Issuer: THE AXIS, PLOT NO.1, G.T ROAD, JALANDHAR PUNJAB 144001   Business Sector: Finance
Name of the Compliance Officer/Company Secretary: MR. PREETPAL SINGH    

Instrument details

Instrument Description (Long): 12% SECURED REDEEMABLE NON CONVERTIBLE BONDS IN THE NATURE OF DEBENTURES. OPTION 5. DATE OF MATURITY 04/01/2024
Instrument Description(short): MIDLAND MICROFIN LIMITED OPT 5 12 NCD 04JN24 FVRS10000
ISIN: INE884Q07038  
Type of Instrument: Debentures   Face Value (per instrument):: 10000
Whether Secured or Unsecured: Secured   Coupon Basis: Fixed Interest
Whether Guaranteed or Partially Guaranteed: Not guaranteed   Coupon Rate: 12%
      Details of Variable Coupon Rate: N.A.
Seniority in Repayment: Senior   Day Count Convention: Actual/actual
Whether tax free: No   Mode of Issue: Public Issue
If Tax free - Section of The Income Tax Act,1961:     Issue price (per instrument): 10000
    Issue Size (in Crores): 0.927
Series (if any): N.A.   Total Allotment Quantity: 927
Whether bonds/debentures fall under Infrastructure category as per Government notification: No   Date of Allotment: 04-Jul-2014
    Tenure of the instrument at the time of Issuance:
Year :
9
Months :
6
Days :
0
    Frequency of Interest Payment with specified dates: ON MATURITY i.e. 04/01/24
Scheduled Opening Date: 26-May-2014   Put Option with specified dates: AT THE END OF 7TH AND 8TH YEAR i.e. 04/07/2021 AND 04/07/2022
Scheduled Closing Date: 23-Jun-2014   Call Option with specified dates:
Actual Closing Date: 23-Jun-2014   Redemption Date/Last Conversion Date: 04-Jan-2024
      Defaulted in Redemption: Not Applicable
     
If guaranteed, provide complete details regarding the Guarantee: N.A.   Redemption Premium Details: N.A.
Step up / Step down coupon basis:   Step up / Step down details: N.A.
Indicate whether Put option will be exercised at Discount/Premium/Par: Par   Put option details: AT THE END OF 7TH AND 8TH YEAR i.e. 04/07/2021 AND 04/07/2022
Indicate whether Call option will be exercised at Discount/Premium/Par:   Call option details: N.A.
Whether Debentures/Bonds are perpetual in nature: No   Indicate whether the instrument is rated: Yes
Type of Convertibility - A: Non Convertible   Convertibility details: N.A.
Type of Convertibility - B:   Coupon Type: Simple
Compounding Frequency Details: N.A.   If secured, provide complete details regarding the assets secured/ Hypothecated/Mortgaged etc.: THE DEBENTURE TOGETHER WITH INTEREST EXPENSES AND OTHER MONEYS SHALL BE SECURED FROM THE DATE OF ALLOTMENT BY EXCLUSIVE CHARGE IN FAVOUR OF DEBENTURE TRUSTEE ON ALL SPECIFIC AND IDENTIFIABLE CURRENT ASSETS, BOOK DEBTS, RECEIVABLES AS FULLY DESCRIBED IN THE DEBENTURE TRUST DEED EXCEPT THOSSE RECEIVABLES SPECIFICALLY AND EXCLUSIVELY CHARGED ON A FIRST RANKING PARI PASSU BASIS WITH ALL OTHER LENDERS TO OUR CO. HOLDING PARI PASSU CHARGE OVER THE SECURITY SUCH THAT..CONTACT ISSUER FOR FURTHER DETAILS
Credit rating Details
Credit Rating Agency Name Rating Date of Credit Rating Date of Rating Change
CARE Ratings Limited CARE BBB/Stable 28-Nov-2018 28-Nov-2018
CARE Ratings Limited CARE BBB/Stable 15-Jul-2016 15-Jul-2016
CARE Ratings Limited CARE BBB 15-Jul-2016 15-Jul-2016
CREDIT ANALYSIS & RESEARCH LTD. CARE BBB- 31-Jul-2015
Sr. No. Credit Rating Agency Name Rating Date of Credit Rating Verification Status
1 CARE Ratings Limited CARE BBB/Stable 27-Mar-2020 Verified
Arranger/Lead Manager Details
Arranger Details
Sr. No. Arranger Contact Person Registered Office Address Phone No. Fax Email
Nothing found to display.

Lead Manager Details
Sr. No. Lead Manager Contact Person Registered Office Address Phone No. Fax Email
1 REAL GROWTH SECURITIES PVT. LTD. SUNIL CHANDRA 112-A, JYOTI SHIKHAR
DISTRICT CENTRE, JANAKPURI
NEW DELHI
DELHI
110058
011-25513114 011-25532212 sunilchandra29@rediffmail.com
Stock Exchange Details
Sr. No. Name of the Stock Exchange Listed/Unlisted/To be listed Date of listing Annual report Term Sheet
1 BOMBAY STOCK EXCHANGE Listed 09-Jul-2014 javascript:__doPostBack('ctl00$ContentPlaceHolder1$ctl12','')
Redemption Details
Type of Redemption Indication of Put/Call for Partial redemption Details of Partial Redemption
Full Redemption N.A. N.A.
Partial Redemption
Sr. No. Partial Redemption Date Face Value Redemption Quantity Redemption Redemption Basis
Nothing found to display.

Partial Redeemed
Redemption Method Partial Redemption Date Value Redeemed Quantity Redemption Redemption Reason
Total 0 0
Nothing found to display.
Net Quantity: 0
Debenture Trustee Details
Sr. No. Name of Debenture Trustee Address Contact Details Website Address
1 CENTBANK FINANCIAL SERVICES LTD CENTBANK FINANCIAL AND CUSTODIAL SERVICES LTD,CENTRAL BANK-MMO BUILDING, 6TH FLOOR, M.G.ROAD, FORT,MUMBAI-400001,MAHARASHTRA MR. H V KAMDAR,22660182/22630104,022-22022788,22660182/40575911 -

Debenture Trustee Default Details
Sr. No. Nature of Issue Issue Size Due Date of Interest Due Date of Redemption Default Details Actual Payment Date and Details
Nothing found to display.
Registrar Details
Registrar Address of Registrar Contact Person Phone No. Fax Email
Skyline Financial Services Private Limited D-153A, 1st FloorOkhla Industrial Area Phase - 1New Delhi110 020 Mr. Subhash Agarwal 011-30857575 (10 Lines), 26812682/83 30857562 virenr@skylinerta.com