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COMPARISON NBFC Debt
Interest rate 16%
Tenure ( no of quarters ) 12.00
Moratorium Period ( no of quarters ) 4.00
Processing Fees 1%
Interest Servicing Q1
Principal Repayment starts from quarter no Q 5
Assured Return to Investor ( INR CR) 12.63
Additional Return based on project performance (INR CR) 0.00
Total Return to Investor 12.63
Investor IRR 21.57%
Remarks - Certainty of Investor ReturnsFixed coupon payment irrespective of
project performance
Equity / Project Performance risk None
Interest rate compounded monthly payable quarterly 16.00%
Effective Rate 17.23%
Tenure ( no of quarters ) 12
Moratorium Period ( no of quarters ) 4
Processing Fees 1%
Fig in INR
Term Loan - Debt Schedule Quarter Ending
Quarter No
Year No
Opening Balance
Add: Debt Borrowed 400,000,000
Sub-Total
Less: Repayments 400,000,000
Redemption Premium -
Closing Balance
Interest for the period 126,312,267
Cash flow for the investor 126,312,266.8
IRR for the investor
NBFC DEBT
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Quarterly coupon 14%
Tenure ( no of quarters ) 12
Moratorium Period ( no of quarters ) 6
Processing Fees 0%
Fig in INR
Mezz Structure Quarter Ending
Quarter No
Year No
Opening Balance
Add: Debt Borrowed 400,000,000
Sub-Total
Less: Repayments 400,000,000
Redemption Premium upto 21% 18,695,705
Share of Project upside
Closing Balance
Interest for the period 129,000,000
Cash flow for the investor 174,232,762.3
IRR for the investor
Fig in INR
Equity Structure Quarter Ending
Quarter No
Year No
Opening Balance
Add: Debt Borrowed 400,000,000Sub-Total
Less: Repayments 400,000,000
Redemption Premium 249,578,050
Closing Balance
Interest for the period -
MEZZ STRUCTURE
EQUITY STRUCTURE
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Cash flow for the investor 249,578,050.1
IRR for the investor
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31-Mar-14 30-Jun-14 30-Sep-14 31-Dec-14
Q 1 Q 2 Q 3
Year 1 Year 1 Year 1
- 120,000,000 320,000,000
120,000,000 200,000,000 80,000,000
120,000,000 320,000,000 400,000,000
- - -
120,000,000 320,000,000 400,000,000
4,200,000 12,800,000 16,000,000
(115,800,000.0) (187,200,000.0) (64,000,000.0)
24.00%
31-Mar-14 30-Jun-14 30-Sep-14 31-Dec-14
Q 1 Q 2 Q 3
Year 1 Year 1 Year 1
- 120,000,000 320,000,000
120,000,000 200,000,000 80,000,000120,000,000 320,000,000 400,000,000
120,000,000 320,000,000 400,000,000
- - -
Quarterly Coupon of 12% with 18 months of principal moratorium. Assured retu
upside upto 24% based on project performance
The payment to the investor are solely depended upon the performance of t
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(120,000,000.0) (200,000,000.0) (80,000,000.0)
25.00%
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31-Mar-15 30-Jun-15 30-Sep-15 31-Dec-15 31-Mar-16 30-Jun-16 30-Sep-16
Q 4 Q 5 Q 6 Q 7 Q 8 Q 9 Q 10
Year 1 Year 2 Year 2 Year 2 Year 2 Year 3 Year 3
400,000,000 400,000,000 350,000,000 300,000,000 250,000,000 200,000,000 150,000,000
- - - - - - -
400,000,000 400,000,000 350,000,000 300,000,000 250,000,000 200,000,000 150,000,000
- 50,000,000 50,000,000 50,000,000 50,000,000 50,000,000 50,000,000
400,000,000 350,000,000 300,000,000 250,000,000 200,000,000 150,000,000 100,000,000
17,227,080 16,150,387 13,997,002 11,843,617 9,690,232 7,536,847 5,383,462
17,227,079.8 66,150,387.3 63,997,002.4 61,843,617.4 59,690,232.4 57,536,847.4 55,383,462.4
on payment
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31-Mar-15 30-Jun-15 30-Sep-15 31-Dec-15 31-Mar-16 30-Jun-16 30-Sep-16
Q 4 Q 5 Q 6 Q 7 Q 8 Q 9 Q 10
Year 1 Year 2 Year 2 Year 2 Year 2 Year 3 Year 3
400,000,000 400,000,000 400,000,000 400,000,000 333,333,333 266,666,667 200,000,000
- - - - - - -
400,000,000 400,000,000 400,000,000 400,000,000 333,333,333 266,666,667 200,000,000
- - - 66,666,667 66,666,667 66,666,667 66,666,667
5,000,000
400,000,000 400,000,000 400,000,000 333,333,333 266,666,667 200,000,000 133,333,333
16,000,000 16,000,000 16,000,000 14,666,667 12,000,000 9,333,333 6,666,667
16,000,000.0 16,000,000.0 16,000,000.0 81,333,333.3 78,666,666.7 76,000,000.0 78,333,333.3
31-Mar-15 30-Jun-15 30-Sep-15 31-Dec-15 31-Mar-16 30-Jun-16 30-Sep-16
Q 4 Q 5 Q 6 Q 7 Q 8 Q 9 Q 10
Year 1 Year 2 Year 2 Year 2 Year 2 Year 3 Year 3
400,000,000 400,000,000 400,000,000 400,000,000 400,000,000 400,000,000 300,000,000
- - - - - - -400,000,000 400,000,000 400,000,000 400,000,000 400,000,000 400,000,000 300,000,000
100,000,000 100,000,000
50,000,000 50,000,000
400,000,000 400,000,000 400,000,000 400,000,000 400,000,000 300,000,000 200,000,000
- - - - - - -
n of 21% with
he project
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31-Dec-16 31-Mar-17 30-Jun-17 30-Sep-17 31-Dec-17 31-Mar-18 30-Jun-18 30-Sep-18 31-Dec-18 31-Mar-19
Q 11 Q 12 Q 13 Q 14 Q 15 Q 16 Q 17 Q 18 Q 19 Q 20
Year 3 Year 3 Year 4 Year 4 Year 4 Year 4 Year 5 Year 5 Year 5 Year 5
100,000,000 50,000,000 - - - - - - - -
- - - - - - - - - -
100,000,000 50,000,000 - - - - - - - -
50,000,000 50,000,000 - - - - - - - -
50,000,000 - - - - - - - - -
3,230,077 1,076,692 - - - - - - - -
53,230,077.5 51,076,692.5 - - - - - - - -
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31-Dec-16 31-Mar-17 30-Jun-17 30-Sep-17 31-Dec-17 31-Mar-18 30-Jun-18 30-Sep-18 31-Dec-18 31-Mar-19
Q 11 Q 12 Q 13 Q 14 Q 15 Q 16 Q 17 Q 18 Q 19 Q 20
Year 3 Year 3 Year 4 Year 4 Year 4 Year 4 Year 5 Year 5 Year 5 Year 5
133,333,333 66,666,667 - - - - - - - -
- - - - - - - - - -
133,333,333 66,666,667 - - - - - - - -
66,666,667 66,666,667 - - - - - - - -
5,000,000 8,695,705
26,537,057
66,666,667 - - - - - - - - -
4,000,000 1,333,333 - - - - - - - -
75,666,666.7 103,232,762.3 - - - - - - - -
31-Dec-16 31-Mar-17 30-Jun-17 30-Sep-17 31-Dec-17 31-Mar-18 30-Jun-18 30-Sep-18 31-Dec-18 31-Mar-19
Q 11 Q 12 Q 13 Q 14 Q 15 Q 16 Q 17 Q 18 Q 19 Q 20
Year 3 Year 3 Year 4 Year 4 Year 4 Year 4 Year 5 Year 5 Year 5 Year 5
200,000,000 100,000,000 - - - - - - - -
- - - - - - - - - -200,000,000 100,000,000 - - - - - - - -
100,000,000 100,000,000
50,000,000 99,578,050
100,000,000 - - - - - - - - -
- - - - - - - - - -
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150,000,000.0 199,578,050.1 - - - - - - - -
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30-Jun-19 30-Sep-19 31-Dec-19 31-Mar-20 30-Jun-20 30-Sep-20 31-Dec-20 31-Mar-21 30-Jun-21 30-Sep-21
Q 21 Q 22 Q 23 Q 24 Q 25 Q 26 Q 27 Q 28 Q 29 Q 30
Year 6 Year 6 Year 6 Year 6 Year 7 Year 7 Year 7 Year 7 Year 8 Year 8
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
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30-Jun-19 30-Sep-19 31-Dec-19 31-Mar-20 30-Jun-20 30-Sep-20 31-Dec-20 31-Mar-21 30-Jun-21 30-Sep-21
Q 21 Q 22 Q 23 Q 24 Q 25 Q 26 Q 27 Q 28 Q 29 Q 30
Year 6 Year 6 Year 6 Year 6 Year 7 Year 7 Year 7 Year 7 Year 8 Year 8
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
30-Jun-19 30-Sep-19 31-Dec-19 31-Mar-20 30-Jun-20 30-Sep-20 31-Dec-20 31-Mar-21 30-Jun-21 30-Sep-21
Q 21 Q 22 Q 23 Q 24 Q 25 Q 26 Q 27 Q 28 Q 29 Q 30
Year 6 Year 6 Year 6 Year 6 Year 7 Year 7 Year 7 Year 7 Year 8 Year 8
- - - - - - - - - -
- - - - - - - - - -- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
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- - - - - - - - - -