SEBI Reg. Investment Advisor

Download App

Help Center Pricing

Recent:

Interest burden may increase if companies reschedule foreign debt: S&P

22 Jun 2012 Evaluate

Global rating agency Standard & Poor's (S&Ps) in its report named 'Pile-up of Indian foreign currency convertible bond maturities will test issuers and investors' has cautioned 56 Indian companies, which have to pay back $5 billion worth of foreign debt this year and if the companies choose to reschedule these obligations, may see their interest burden increasing up by $700 million, mainly on the back of decline seen in stock valuations since the time of debt issuance and the fall in rupee.

As per the report, most of foreign currency convertible bonds (FCCBs) that mature in 2012 were issued in 2007-08, when the stock prices were at record high and the rupee was trading at 42 per dollar. Since then, the rupee has declined almost 30% against dollar with most of the FCCBs denominated in the US dollar; it is expected to increase the already mounting worries of the companies.

The rating agency further warned that more than half of the firms would have to streamline the bonds to avoid default. Moreover, with limited access to funds and high borrowing costs, redeeming the bonds will also be a challenging task for many FCCB issuers, under the tepid global economy.

Based on the expected strategy to deal with the maturities, the report has classified these companies into 4 categories: likely to redeem at manageable cost; likely to redeem at high cost; likely to restructure the FCCBs; and could default on payment.

The report also stated that about 28 companies are likely to go for restructuring of their FCCBs in 2012, since they cannot afford to raise additional funds due to the higher cost of funds, mainly due to a RBI limit that demands companies to pay only a maximum of Libor plus 5% for foreign loans. The maximum interest rate allowed on external commercial borrowing route by the RBI is Libor plus 5 percent, which on the other hand, is available only to companies with strong credit profiles.

Further, according to S&Ps report, only 5 out of 56 companies are expected to pay back their FCCBs and others will roll over the bonds with higher coupons or lower the conversion-to-equity price, which would require RBI’s approval or get bondholders to accept only a partial repayment of their principal.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Fiduciary-first advisory model.
As SEBI-registered IAs, we are legally and ethically bound to act in the best interests of our clients. We do not sell or distribute any financial products. This ensures our guidance is 100% unbiased and conflict-free.
Deep fundamental research + robust valuation discipline.
Built on more than 15 years of equity research, our framework combines quality assessment, intrinsic value estimation, and a sensible margin-of-safety approach.
Process—not predictions.
We don’t rely on guesswork or market timing. Instead, we focus on asset allocation, risk management, and long-term compounding.
Technology + Human Intelligence.
We believe a combination of both is essential for investing success. We constantly innovate and upgrade in-house tools, financial X-rays, and portfolio analytics so that our team of analysts and advisors are equipped with the best.
Partner with Clients.
We follow a DIWM (Do-It-With-Me) approach where we partner clients in setting goals, financial planning, educating on our investing process and share decision-enabling resources transparently with our clients who retain control on execution.

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

Investing in stocks, mutual funds, debt, and gold
Quality-at-Reasonable-Price way of investing in stocks
Constructing Direct Stock Portfolios with Core, Booster, and Amplifier stocks
A Mutual Fund Portfolio that delivers consistent out-performance and meaningful diversification (low overlap)
Periodic review and rebalancing
Clear Buy-Sell-Hold, and Position-sizing frameworks

PROPRIETARY FRAMEWORK

Portfolio
Architecture >
Stock Picking.

Stop managing a collection of "tips." Access the ABC Framework to build a portfolio that survives cycles and compounds wealth.

Core for Stability

Booster for Alpha

Amplifier for Exponential Wealth

Build a Stress-Tested Portfolio.

Our Sapphire Advisory uses the ABC Concept to ensure you never have to panic during a market correction.

Core Stocks

STABILITY

Booster Stocks

GROWTH

Amplifier Stocks

ASYMMETRY

● Conflict-Free ● SEBI Registered ● 15Y+ Track Record

Access Sapphire ABC Strategy →

Limited Capacity for New Fiduciary Partners

Interest burden may increase if companies reschedule foreign debt: S&P

MoneyWorks4Me Premium

Follow us at

MoneyWorks4Me

About MoneyWorks4Me

Our Vision

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
Logo:
Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com Telephone: +91 98609 19463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com Telephone: +91 91758 99463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.