Funding Options Analysis Sheet

8/10/2019 Funding Options Analysis Sheet

1/15

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


2/15

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


Redemption Premium upto 21% 18,695,705

Share of Project upside

Closing Balance

Interest for the period 129,000,000



Fig in INR

Equity Structure Quarter Ending

Quarter No

Year No

Opening Balance

Add: Debt Borrowed 400,000,000Sub-Total


Redemption Premium 249,578,050

Closing Balance

Interest for the period -

MEZZ STRUCTURE

EQUITY STRUCTURE


3/15




4/15


5/15

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


6/15

(120,000,000.0) (200,000,000.0) (80,000,000.0)

25.00%


7/15

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


8/15


Q 4 Q 5 Q 6 Q 7 Q 8 Q 9 Q 10


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


Q 4 Q 5 Q 6 Q 7 Q 8 Q 9 Q 10


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


9/15


10/15

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 - - - - - - - -


11/15


Q 11 Q 12 Q 13 Q 14 Q 15 Q 16 Q 17 Q 18 Q 19 Q 20


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 - - - - - - - -


Q 11 Q 12 Q 13 Q 14 Q 15 Q 16 Q 17 Q 18 Q 19 Q 20


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 - - - - - - - - -

- - - - - - - - - -


12/15

150,000,000.0 199,578,050.1 - - - - - - - -


13/15

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


- - - - - - - - - -

- - - - - - - - - -

- - - - - - - - - -

- - - - - - - - - -

- - - - - - - - - -

- - - - - - - - - -

- - - - - - - - - -


14/15


Q 21 Q 22 Q 23 Q 24 Q 25 Q 26 Q 27 Q 28 Q 29 Q 30


- - - - - - - - - -

- - - - - - - - - -

- - - - - - - - - -

- - - - - - - - - -

- - - - - - - - - -

- - - - - - - - - -

- - - - - - - - - -


Q 21 Q 22 Q 23 Q 24 Q 25 Q 26 Q 27 Q 28 Q 29 Q 30


- - - - - - - - - -

- - - - - - - - - -- - - - - - - - - -

- - - - - - - - - -

- - - - - - - - - -


15/15

- - - - - - - - - -

Funding Options Analysis Sheet

Documents

Transcript of Funding Options Analysis Sheet