Go by the Following Steps;

Step 1: Use the following URL:

https://www.nseindia.com/corporates/corporateHome.html?
id=recentissues

Step 2: Find the recent offer document (recent dated) of your company
and download it. (You can find your company name in the excel sheet)

Step 3: Go through the offer document and answer the following

questions (Part A & B).

PART A: Answer the following questions:

1. What is the type of the security offered? (features of the security in 50

words)

Rated Taxable Secured Redeemable Non-Convertible Debentures. Nonconvertible

debentures are unsecured bonds that cannot be converted to company equity or
stock. Nonconvertible debentures usually have higher interest rates than convertible
debentures. A fixed deposit is an arrangement with a bank where a depositor places money
in the bank and is paid a regular fixed profit.

2. What is the mode of issue?

Private Placement

3. What is the size of issue?

Issue Size Rs 80 Crores

4. What is the rating of the instrument? Which agency/ organisation have

rated it?

AA-(ind) by FITCH

5. What are the disclosed risk factors in the issue?

For taking an investment decision, the investors must rely on their own examination of the Company and
the Issue including the risks involved.
The Debentures have not been recommended or approved by Securities and Exchange Board of India
(SEBI) nor does SEBI guarantee the accuracy or adequacy of this document.

6. Where they are going to be listed?

proposed to be listed on Wholesale Debt Segment (WDM) of The National Stock Exchange of India
Limited, Mumbai (NSE).
7. How would the proceeds of the issue is going to be used? (in 50 words)
8. The Issuer proposes to augment its resources to meet its requirements of funds to carry on its
normal business operations. The proceeds of the issue of Debentures would be utilized for
general corporate objectives and purposes. The Main Objects Clause of the Memorandum of
Association of the Company enables it to undertake the activities for which the funds are
 being raised through the issue and also the activities which the Company has been carrying
out till date.

9. Is there a plan to monitor the utilisation of the funds? (in 50 words)

10.What is the amount secured & unsecured loans outstanding for the
company as on the offer date?
11.Who can apply for these securities and what is the market lot for the
issue?

This Information Memorandum/Disclosure Document and the contents hereof are

restricted for only the intended recipient(s) who have been addressed directly through a
communication by or on behalf of the Company and only such recipients are eligible to
apply for the Debentures. The categories of investors eligible to invest in the Debentures,
when addressed directly, include banks, financial institutions including development
financial institutions, companies and bodies corporate, insurance companies, Mutual Funds
and such other category of investor as expressly authorized to invest in the Debentures.
Furthermore, NRIs, OCBs, FIIs and other persons resident outside India are not eligible to
apply for or hold the Debentures. All investors are required to comply with the relevant
regulations/guidelines applicable to them for investing in this Issue.

PART B: Answer the following questions:

12.Using the financial models of valuation learnt during your course of SAPM,
Calculate and arrive at a conclusion as to whether the security can be
bought by you?

(You can assume necessary required rate of return for your investment)

DETAILS OF PAST BORROWINGS AS ON September 30, 2008

TYPE AMOUNT
(In Rs. Crores)
Other Details
Secured Loans
Working Capital Loan
From Banks (includes
working capital demand
loan)
39.61
Loan from Cisco Capital 21.23 Specific charge on equipment of a BOOT project.
Total 60.84
Unsecured Loans
Buyers Credit 53.22 Unsecured (payable within the next one year)
SBI Line of credit 34.90 Unsecured (payable within the next one year)
Commercial Paper 165.00 Unsecured (payable within the next one year)Loan from Cisco Capital
62.68 Unsecured (payable within the next one year)
Total 315.80
Grand Total 376.64