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Expalin about the Non-Convertible Debentures (NCDs)
NCDs are plain debenture securities issued by corporations. They are normally medium term in nature, maturing between 1 to 8 years and usually have a repayment schedule staggered over two to three years. They are secured by a collateral backing and credit rated. Interest rate offered on medium term NCDs is generally lower than market rate so many times the companies offer a sop of equity warrants along with NCDs to sweeten the issue. Interest rate on the short term NCDs is in line with market rate and depends upon the quality of the issuer.
Budgeting and Budgetary Control: The next element of financial management is budgeting and budgetary control. Budgeting is an integral part of the management accounting proces
1. The Gulf had sales of AED 20,000,000 and cost of goods sold of AED 10,250,000. Selling and administrative expenses represented 8 percent of sales. Depreciation was 5 percent o
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Definition of 'Bank Credit': The amount of credit available to a business or individual from the banking system. It is the aggregate of the amount of funds financial instituti
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Explain in detail about the Cost of Capital Every type of capital used by the firm (preference shares, debt and equity) must be incorporated into the cost of capital, with rela
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Parity Conditions A parity condition defines the relative value of one country's currency to the other country's currency. The condition states how, for the example, difference
strengths and weakness
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