Primary Issue : Alok Industries Ltd. ( 12.50% - Quarterly payment )

Kindly find the tentative term sheet of Alok Industries Ltd.

 

Issuer	Alok Industries Ltd.
Product Line	Textiles
Instrument	Secured, Redeemable, Non-Convertible Debentures
Issue Size	Rs. 50 - 100 crs
Security	Pari passu charge on fixed assets of the company
Tenor	7 years
Call option	at the end of 5 years
Indicative rate	12.50% p.a. payable quarterly
YTM/C	13.10%
Credit Rating	A by CARE
Financial Highlights ( Figures in Rs Crore)
Year ending 31st March 2012
Particulars		2010		2011		2012
Net Sales		4311.17		6388.44		8900.86
PBT		285.97		501.24		640.5
PAT		247.34		404.37		380.53
Share Capital		787.79		787.79		826.28
Reserves		1928.4		2309.79		2829.24
Debt Equity Ratio		2.28		2.15		2.68
DSCR		2.39		2.55		2.28
Current Ratio		1.83		1.4		1.35

 

Company Profile:

Established in 1986, Alok Industries Ltd. is amongst the fastest growing vertically integrated textiles solutions Provider in India. A diversified manufacturer of world-class home textiles, apparel fabrics, garments and polyester yarns, Alok has capacities of 82.50 mn meters of sheeting fabric and 6700 tons of terry towels for its home textiles business, 186.00 mn meters of apparel width woven fabrics, 18200 tons per annum of knitted fabrics and 22 million pieces per annum of garments. Alok has achieved complete integration. The company also has a strong presence in the polyester segment with a capacity of 1,14,000 tons per annum of polyester textured yarn supplemented by 3,00,000 tons per annum of POY. The company has a blue chip international customer base comprising of world renowned retailers, importers and brands.