WELSPUN CORP LTD ______ISSUE OF COMMERCIAL PAPER (CP):
LETTER OF OFFER PART I
• Proposed Date Of Issue : 07.09.2020
• Credit Rating For CP : CARE A1+
• Date of Rating : 20TH AUGUST 2020
• Validity for issuance : 90 Days
• Validity period for rating : 60 Days • For Amount : 500 crore
• Conditions (If Any) : NA
• Purpose Of Issue of CP : Working Capital
• Credit Support (If Any) : NIL
• Description of Instrument : Commercial Paper
• Amount : Rs.20 Crore
• Issued By : Welspun Corp Ltd
• Net Worth of the Guarantor Company : NA
Names of Companies To Which Guarantor Has : NA Issued Similar Guarantee Extent of The Guarantee Offered By The : NA Guarantor Company Conditions Under Which The Guarantee Will Be : NA Invoked • Details of Current Tranche: : NA
ISIN AMOUNT MATURITY CURRENT VALIDITY CRA DATE CREDIT PERIOD OF RATING RATING INE191B14408 200,000,000/- 04/12/2020 A1+ 12 Months CARE
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Corporate Office : Welspun House, 5th Floor, Kamala City, Senapati Bapat Marg, Lower parel (West), Mumbai - 400013| CIN : L27100GJ1995PLC025609 Telephone No : +91-22-66136000; Fax No :+91-22-24908020
Registered Office : Welspun City, Tal. Anjar, District Kutch, Gujrat 370110, INDIA
WELSPUN CORP LTD ______:
• Issuing and Paying Agent : INDUSIND BANK LTD, 1st Floor, IndusInd House 425, Dadasaheb Bhadkamkar Marg, Opera House, Mumbai – 400004. :
Market Conventions : FIMMDA CONVENTIONS
CP Borrowing Limit : : Rs.500 Crore
listed/unlisted : Proposed to be listed, Exchange Name - NSE
Total CP Outstanding (As on Date) : : 20 Cr
Details of CPs issued during the last 15 months: * :
ISIN ISSUE AMOUNT MATURITY AMOUNT IPA CRA RATING RATED DATE DATE O/S AMOUNT INE191 08-05- 100,00,00, 26-06-18 NIL Indusin CARE A1+ 500 Cr B14184 18 000/- d Bank INE191 15-05- 100,00,00, 29-06-18 NIL Indusin CARE A1+ 500 Cr B14192 18 000/- d Bank INE191 03-07- 200,00,00, 27-09-18 NIL Indusin CARE A1+ 500 Cr B14200 18 000/- d Bank INE191 09-10- 50,00,00,0 20-12-18 NIL Indusin CARE A1+ 500 Cr B14218 18 00/- d Bank
INE191 18-01- 50,00,00,0 18-04-19 NIL Indusin CARE A1+ 500 Cr B14242 2019 00/- d Bank INE191 20-02- 100,00,00, 20-05-19 NIL Indusin CARE A1+ 500 Cr B14259 2019 000/- d Bank INE191 16-04- 50,00,00,0 21-06-19 NIL Indusin CARE A1+ 500 Cr B14267 2019 00/- d Bank INE191 18-04- 75,00,00,0 25-06-19 NIL Indusin CARE A1+ 500 Cr B14275 2019 00/- d Bank INE191 20-05- 50,00,00,0 16-08-19 NIL Indusin CARE A1+ 500 Cr B14283 2019 00/- d Bank INE191 21-06- 25,00,00,0 19-09-19 NIL Indusin CARE A1+ 500 Cr B14291 2019 00/- d Bank INE191 25-06- 50,00,00,0 23-09-19 NIL Indusin CARE A1+ 500 Cr B14317 2019 00/- d Bank
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Corporate Office : Welspun House, 5th Floor, Kamala City, Senapati Bapat Marg, Lower parel (West), Mumbai - 400013| CIN : L27100GJ1995PLC025609 Telephone No : +91-22-66136000; Fax No :+91-22-24908020
Registered Office : Welspun City, Tal. Anjar, District Kutch, Gujrat 370110, INDIA
WELSPUN CORP LTD ______INE191 25-06- 50,00,00,0 23-08-19 NIL Indusin CARE A1+ 500 Cr B14309 2019 00/- d Bank INE191 14-08- 25,00,00,0 11-11-19 NIL Indusin CARE A1+ 500 Cr B14325 2019 00/- d Bank INE191 21-08- 50,00,00,0 19-11-19 NIL Indusin CARE A1+ 500 Cr B14333 2019 00/- d Bank
INE191 23-09- 25,00,00,0 20-12-19 NIL Indusin CARE A1+ 500 Cr B14341 2019 00/- d Bank INE191 24-09- 50,00,00,0 23-12-19 NIL Indusin CARE A1+ 500 Cr B14358 19 00/- d Bank INE191 30-10- 50,00,00,0 28-01-20 NIL Indusin CARE A1+ 500 Cr B14366 19 00/- d Bank INE191 05-03- 100,00,00, 30-06-2020 NIL Indusin CARE A1+ 500 Cr B14382 20 000/- d Bank INE191 05-03- 150,00,00, 3-06-2020 NIL Indusin CARE A1+ 500 Cr B14374 20 000/- d Bank INE191 26-08- 20,00,00,0 24-09-2020 20 Cr Indusin CARE A1+ 500 Cr B14390 20 00/- d Bank
* Issuer’s liability under the CP will continue beyond due date, in case the CP is not redeemed on due date. : Details Of Other Debt Instruments Outstanding : ISIN ISSUE AMOUNT MATURITY AMOUNT DATE DATE O/S NA NA NA NA NA
:
Bank fund based facilities from banks/Financial : institutions, if any : Nil Name of the bank Nature of facility O/S amount/Limit Asset classification
Name And Address of Issuer : Welspun Corp Ltd,
Welspun House, 5th Floor, Kamala City,
Senapati Bapat Marg, Lower Parel Mumbai - 400013
Line of Business : Manufacturing of SAW PIPES
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Corporate Office : Welspun House, 5th Floor, Kamala City, Senapati Bapat Marg, Lower parel (West), Mumbai - 400013| CIN : L27100GJ1995PLC025609 Telephone No : +91-22-66136000; Fax No :+91-22-24908020
Registered Office : Welspun City, Tal. Anjar, District Kutch, Gujrat 370110, INDIA
WELSPUN CORP LTD ______Chief Executive (Managing Director / President/ Mr. Vipul Mathur (MD & CEO) CEO / CFO/ Top Most Executive) : Welspun Group Group Affiliation (If Any)
(Rs. In Million)
Year ended Year ended Year ended Mar 31, Mar 31, Mar 31, 2020 2019 2018 Particulars (Audited) (Audited) (Audited)
Revenue from Operations 41,098.90 39,861.97 38,477.53 Other Operating Revenue/ Income 1,435 1,502.94 1,880.98 Other Income 4,018.40 1,255.70 1,278.45 Total Income 46,552.30 42,620.61 41,636.96 Total Expense (Excluding Interest and 39,683.20 42,048.03 36,891.90 Depreciation) Finance Costs 1,113.70 1,179.73 1,305.81 Depreciation and Amortization Expense 1,234 1,129.53 1,163.81 Profit/ (Loss) Before Tax 4,521.40 (1,736.68) 2,275.44 Provision for Tax (including Deferred Tax) 1,459.40 220.46 790.59 Profit/(Loss) from discontinued operations (380.6) (814.93) (226.67) after tax Profit/ (Loss) After Tax 2,681 (2,772.07) 1,258.18 Paid-up Equity Share capital of the Company 1,304.40 1,326.13 1,326.13 Other Equity 14,299.70 15,043.96 17,831.04 Net Worth 15,604.10 16,370.09 19,157.17 Total Debt 7,879 7,486.34 6,968.69
Material Litigation, If Any: NO
Regulatory Strictures, If Any :No
Details of Default of CPs, Including Technical Defaults and Delay in Redemption During Past Three Years: NO
Details of Default and Delay in Redemption of Any Other Borrowings During Last Three Years: No
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Corporate Office : Welspun House, 5th Floor, Kamala City, Senapati Bapat Marg, Lower parel (West), Mumbai - 400013| CIN : L27100GJ1995PLC025609 Telephone No : +91-22-66136000; Fax No :+91-22-24908020
Registered Office : Welspun City, Tal. Anjar, District Kutch, Gujrat 370110, INDIA
WELSPUN CORP LTD ______
Authorized Signatory of the Issuer : Mr. Vijayendra Prabhu
Mr. Gaurav Merchant
Date : 04/09/2020
Original / Authenticated Copy Of Any Document Related To Above Information Will Be Made Available To The Investors On Request
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Corporate Office : Welspun House, 5th Floor, Kamala City, Senapati Bapat Marg, Lower parel (West), Mumbai - 400013| CIN : L27100GJ1995PLC025609 Telephone No : +91-22-66136000; Fax No :+91-22-24908020
Registered Office : Welspun City, Tal. Anjar, District Kutch, Gujrat 370110, INDIA