Ennore Port Limited

Ennore Port Limited [EPL] Tax Free Bond Feb 2014 Tax Free Interest up to 9 % , Pre Tax Rate 13.02%

Company Profile  Ennore Port Limited

• EPL is a Government of India undertaking with Mini Ratna Category I status. As on December 31, 2013, the President of India acting through the Ministry of Shipping and the Board of Trustees, Chennai Port Trust hold 66.67% and 33.33%, respectively, of the paid-up equity share capital of the Company.
• EPL, incorporated as a company in October 1999 under the Companies Act, 1956, is the first corporatized major port in the country and 12th major port in India.
• EPL was originally conceived as a satellite port to Chennai Port, primarily to handle thermal coal to meet the requirement of Tamil Nadu Electricity Board now known as Tamil Nadu Generation and Distribution Corporation Limited. The scope of the Port was expanded taking into account subsequent developments plans of the Government of Tamil Nadu to set up Liquefied Natural Gas (“LNG”), petrochem and naphtha cracker power projects.
• EPL functions on the “Landlord Port Model” basis whereby the port constitutes a landlord, which manages the basic port assets by leasing land and basic infrastructure to port operators.
• Operating revenue for the fiscal years ended March 31, 2013, 2012 and 2011 was Rs 320.21 crores, Rs 248.64 crore and Rs 167.31 crore respectively and for the six month period ended September 30, 2013 was Rs 228.24 crore
• Profit after tax for the year ended March 31, 2013, 2012 and 2011 was Rs 173.37 crore, Rs 96.72 crore and Rs 55.58 crore respectivelyand for the six month period ended September 30, 2013 was Rs 147.14 crore.

EPL Tax Free Bond 2014 Details

Ennore Port Limited
Face Value (Rs.) per BondRs. 1,000
Issue Price (Rs.) per BondRs. 1,000
Nature of BondsSecured, redeemable, non-convertible bonds in the nature of debentures
Mode of IssuePublic issue
Credit Ratings“CARE AA” by CARE, “[ICRA]AA with Stable Outlook” by ICRA
Put/Call OptionThere is no put/call option for the Bonds
IssuanceIn dematerialised form and physical form, at the option of the Applicant
TradingIn dematerialised form only

EPL Tax Free Bond 2014 Series Details

Series 1A
Series 2A
Series 3A
Coupon Rate (%) p.a.(For Category I, II, III Only)8.36%.8.75%.8.75%
Annualized Yield (%)8.36%.8.75%.8.75%
OptionsSeries 1BSeries 2BSeries 3B
Coupon Rate (%) p.a.(For Category IV)8.61%9.00%9.00%
Annualized Yield (%) 8.61%9.00%9.00%
Tenor10 years15 years20 years
Minimum Application5 Bonds (Rs 5,000) (individually or collectively, across all Series of Bonds)5 Bonds (Rs 5,000) (individually or collectively, across all Series of Bonds)5 Bonds (Rs 5,000) (individually or collectively, across all Series of Bonds)
Maturity / Redemption Date10 years from the Deemed Date of Allotment15 years from the Deemed Date of Allotment20 years from the Deemed Date of Allotment

Who Can Apply/Invest

1] Individual, 2] HUF, 3] Charitable Institute, 4] Company, 5] Firms, 6] Co-operative, 7] NRI, 8] Financial Institute

Benefits to the Investor

In exercise of power conferred by item (h) of sub-clause (iv) of clause (15) of section 10 of the Income Tax Act, 1961 (43 of 1961),
Central Board of Direct Taxes, Department of Revenue, Ministry of Finance, Government of India has vide notification dated August 8,
2013, authorized Ennore Port Limited (“EPL”) to issue during the FY 2013-14, tax free secured redeemable non-convertible bonds for the aggregate amount of Rs 500 crores.
• Interest from the bond will be exempt from income tax.
• Since the interest Income on these bonds is exempt, no Tax Deduction at Source is required on the same.
• Wealth Tax is not levied on investment in Bonds under section 2(ea) of the Wealth-tax Act, 1957.

Application Process and Form Submission/Collection Centers

Please take print of the Application Form A4 paper size. Click here to download Application form of EPL Tax free Bond 2014
Attach following document along with the application form : –
1] PAN Card and Address Proof Photo Copy attested by applicant.
2] One Cancelled Cheque copy.
3] Bidding is mandatory.
4] Cheque / DD should be drawn in favour of “”.
5] On First come First Serve Basis
6] Keep photocopy of application form for your record.
7] Submit / deposit your NCD application form in Listed/ Design Bank Branches. (search below for your city)
8] To record and track the status/allotment of your application form, send us the soft copy Application Form/ Acknowledgement Slip.
9] The actual bond will reflect in your demat account within 8-12 weeks time form date of allotment.
10] Free Home Service available *

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