Hot Deals:
5 star business 494.00 (-0.20 %) a v thomas 11,770.00 (-0.25 %) amol minechem 620.00 (1.64 %) anand i-power 20.00 anglo french 370.00 (-2.37 %) aricent 575.00 (0.88 %) arkfin investments 50.00 arohan 181.00 (0.56 %) assam carbon 227.00 (-1.30 %) associated pigments 42.00 (-4.55 %) atlas copco 5,500.00 (1.85 %) auckland 130.00 (-3.70 %) axles 160.00 (5.96 %) b9 bira 772.00 (0.26 %) balmer lawrie 300.00 bharat hotels 162.00 (1.25 %) bikaji foods 390.00 (1.04 %) bima mandi 700.00 boat 840.00 (5.00 %) c & s electric 470.00 (-4.08 %) capgemini 12,250.00 (2.08 %) care health 135.00 (0.75 %) carrier aircon 260.00 (1.96 %) cial 180.00 (-1.64 %) csfbl 265.00 (-3.64 %) csk 150.00 (-3.23 %) dalmia refract 81.00 (-4.71 %) dsp merrill lynch 1,000.00 east india pharma 44.00 (2.33 %) eaton fluid 380.00 (1.33 %) electronica plastic 4,100.00 (-4.65 %) elgi ultra 400.00 elofic 1,909.00 (0.47 %) epiroc 1,224.00 (-2.08 %) esl steel 35.00 (2.94 %) fincare business 43.00 fincare sfbl 74.00 (1.37 %) fino paytech 160.00 (3.23 %) frick india 3,806.00 (0.16 %) gkn drive 1,240.00 (-0.80 %) godavari bio 71.00 (1.43 %) hdbfsl 600.00 (-2.44 %) hdfc ergo 363.80 hdfc securities 11,600.00 (-0.85 %) hella india 330.00 (1.54 %) hero fincorp 690.00 (-3.36 %) hicks 2,100.00 (-2.55 %) hira ferro 120.00 (-0.83 %) honeywell electrical 3,555.00 (-1.25 %) icex 5.01 (0.20 %) incred financial 100.00 india carbon 1,010.00 (1.00 %) india exposition 146.00 (0.69 %) indian potash 1,405.00 (0.36 %) indofil 710.00 (-1.39 %) infinite computer 700.00 inkel 12.95 (-0.38 %) ixigo 97.00 (-2.02 %) jana sfbl 75.00 kial 107.00 (-2.73 %) kurlon enterprise 640.00 (-3.03 %) kurlon limited 426.00 (-3.18 %) lava 127.00 (0.79 %) manipal hfsl 72.50 (0.69 %) manjushree tech 1,001.00 (-0.89 %) martin & harris 1,495.00 (-0.33 %) merino 2,750.00 (1.85 %) minosha 280.00 (-3.45 %) mitsubishi heavy 355.00 (1.43 %) mkcl 415.00 (1.22 %) mobikwik 450.00 (-4.26 %) mohan meakin 1,212.00 (1.00 %) mohfl 11.90 (-1.65 %) msei 1.00 (-4.76 %) msil 56.00 (3.70 %) nayara energy 151.00 (0.67 %) nayara energy ncd 250.00 ncdex 275.00 ncl buildtek 195.00 (2.63 %) ncl holdings 47.50 (1.06 %) nse 3,100.00 (-1.59 %) orbis financial 68.00 (1.49 %) oswal minerals 65.00 (1.56 %) otis 3,800.00 (-2.56 %) oyo rooms 91.00 (1.11 %) panasonic appliances 293.00 (-4.25 %) panasonic avc 29.10 (0.34 %) paymate india 600.00 (-3.38 %) pharma easy 35.00 (-2.78 %) philips domestic 605.00 (0.83 %) philips india 1,100.00 (1.85 %) pnb metlife 70.00 proyuga adtech 25.00 purity flexpack 20.00 ramaraju surgical 530.00 (0.57 %) rasoi 32,000.00 (3.23 %) reliance gic 340.00 resins plastics 414.00 (1.97 %) ring plus 370.00 (1.37 %) rrl 2,950.00 (1.72 %) sab miller 303.00 (1.00 %) satya micro 201.00 (0.50 %) scottish assam 520.00 (-7.96 %) shriram life 251.00 (0.40 %) sigachi lab 40.00 signify 1,100.00 (4.46 %) simpson & company 3,500,000.00 smile microfin 52.00 (-1.89 %) sterlite power 1,000.00 (-1.96 %) studds 950.00 (-5.00 %) svsml 510.00 (-2.30 %) t stanes 675.00 tata capital 55.00 (7.84 %) tata tech 5,555.00 (1.00 %) teesta agro 70.00 (-22.22 %) tmbl 515.00 (3.00 %) trl krosaki 1,224.00 (-2.16 %) utkarsh core 127.00 (-2.31 %) vikram solar 55.50 (-0.89 %) xerox 243.00 (1.25 %)
×

midland microfin Limited

120.00
+ 0.00 %
Scrip Name
Midland Microfin
ISIN No.
INE884Q01015
PAN No.
AAGCS6186A
Face Value
10
No. of Outstanding Shares
30,986,675
Market Capitalization
371.84 Crore

MIDLAND MICROFIN LIMITED UNLISTED SHARE


ABOUT MIDLAND MICROFIN LIMITED


MIDLAND MICROFIN LIMITED is the first Punjab-based Microfinance Institution (MFI) having its Head Office at Jalandhar, Punjab, and is working towards Financial & Social Empowerment of Women by way of extending small Business Loans. The

The company is registered as an 'NBFC – MFI' with the Reserve Bank of India (RBI) and has been complying with all the regulatory and legal requirements since inception.


Midland Microfin Limited is focused on providing finance at the 'bottom of the pyramid' and customers with low income as a sustainable source of livelihood thereby improving their standard of living. The company offers a range of products and services, which have been developed on the basis of the financial needs of progressive poor working women. These loans help those people to finance their micro-enterprises. Apart from Loan products, the company also offers Insurance services.


Currently, MML is successfully catering to its client base with 219 branches spread over in 7 states i.e. Punjab, Haryana, Rajasthan, Uttar Pradesh, Bihar, Jharkhand, Himachal Pradesh, and Union Territory of Chandigarh.


The company has taken various initiatives to reduce the operational cost without compromising the quality of operations and at the same time, increasing the efficiency level of the existing branches.


The Debt Securities of Midland Microfin Limited are listed on BSE Limited.


INCORPORATION DETAILS


CIN

U65921PB1988PLC008430

Registration Date

27th May 1988

Category/Sub-category of the Company

Public Limited Company

Address of the Registered office and contact details

The AXIS, Plot No. 1, R.B Badari Dass Colony,

B.M.C. Chowk,

Jalandhar - 144 001 (Punjab) India

Name, Address and Contact Details of

Registrar and Transfer Agent, if any

Skyline Financial Services Private Limited

D-153 A, 1st Floor, Okhla Industrial Area,

Phase - 1, New Delhi - 110 020

+91 11 26812682; 26812683

 

PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY

Name and Description of main products/services

NIC Code of the product/service

% to total turnover of the Company

Micro Finance Activity

64920

100%

 

BOARD OF DIRECTORS

Mr. Vijay Kumar Bhandari (Chairman)

Mr. Amardeep Singh Samra (Managing Director)

Mr. Harpal Singh (Director)

Mr. Shant Kumar Gupta (Independent Director)

Mr. Janak Raj Gupta (Independent Director)

Mr. Sachin Kamath (Nominee Director)

Mrs. Kamna Raj Aggarwalla (Independent Director)


PARTICULARS OF SUBSIDIARY AND ASSOCIATE COMPANIES

MIDLAND MICROFIN LIMITED does not have any subsidiary or associate company.

 

MIDLAND MICROFIN LIMITED UNLISTED SHARE DETAILS


Total Available Shares:

3,09,86,675

Face Value:

Rs. 10 Per Equity Share

ISIN:

INE884Q01015

PAN No.

AAGCS6186A

Lot Size:

100 Shares

Last Traded Price:

Rs. 100

Market Cap:

Rs. 309.87 Crore


SHAREHOLDING PATTERN

(As on 31-03-2020)

S. No.

Shareholders’ Name

Number of shares

% of total Shares of the company

1

Promoters Shareholding

1,06,63,884

32.00%

2

Public Shareholding

2,26,61,761

68.00%

 

Total

3,09,86,675

100.00%


 

INDUSTRY OUTLOOK

 

India’s financial services sector is much diversified and comprises various entities such as commercial banks, insurance companies, co-operatives, mutual funds, non-banking financial companies (NBFCs), and other various entities. The share of NBFCs is continuously growing in the financial services industry. As per RBI, NBFCs have outperformed Scheduled Commercial Banks (SCBs) in terms of growth in advances and in asset quality. It is expected that the NBFCs will grow their share in the financial services sector in near future.


The FY 2020 has been one of the most eventful and challenging years that the financial services industry has experienced. The Outbreak of the COVID 19 pandemic across the globe and in India has contributed to a significant decline and volatility in the global and Indian Financial markets and a slowdown in economic activities. Since the duration and magnitude of COVID 19 are still uncertain, it will affect the plans of this industry for FY 2021.


According to ICRA, a rating agency, the NBFC industry is likely to face asset quality pressure in the short term. However, the majority of the NBFC industry will withstand any stress as their collection capacity is improving. Moreover, their balance sheets mention that they are maintaining sufficient liquidity for tackling emergencies.


RBI has announced various measures, as a part of the response to the economic challenge faced by the NBFC industry, to aid the liquidity crisis in the system and to make NBFC work easier. RBI has introduced the Liquidity Coverage Ratio requirement for all types of NBFCs with an asset size of Rs.5000 Crore.

 

PROFIT & LOSS STATEMENT OF MIDLAND MICROFIN LIMITED                (In Rs. Crores)

 

PARTICULARS

2020

2019

2018

Interest Income

177.89

112.36

48.94

Total Revenue from Operations

183.50

113.68

53.04

EBITDA

28.08

12.11

-0.83

Finance Cost

98.96

59.54

27.68

Depreciation

3.64

1.68

1.34

Other Income

0.64

2.21

3.76

Profit/Loss before Tax and Exceptional items

25.08

12.64

1.60

Total Tax

6.35

3.99

0.42

Profit After Tax (PAT) 

18.73

8.65

1.18

EPS

5.96

3.70

0.43

 

BALANCE SHEET OF MIDLAND MICROFIN LIMITED (In Rs. Crores)

PARTICULARS

31st March 2020

31st March 2019

ASSETS



FINANCIAL ASSETS



Cash and cash equivalents

223.48

214.51

Trade receivables

0.27

0.46

Loan portfolio

726.46

543.19

Investments

0.00

5.00

Other financial assets

7.38

2.10

TOTAL FINANCIAL ASSETS

957.60

765.26

NON-FINANCIAL ASSETS



Tax assets

4.50

3.64

Property, plant and equipment

13.25

6.57

Intangible assets

1.13

0.98

Other non-financial assets

3.04

1.83

TOTAL NON-FINANCIAL ASSETS

21.91

13.03

TOTAL ASSETS

979.51

778.28

LIABILITIES AND EQUITY



FINANCIAL LIABILITIES



Derivative financial instruments

1.09

0.00

Trade payables

0.66

0.82

Debt securities

103.55

129.25

Borrowings (other than debt securities)

659.00

481.93

Subordinated liabilities

77.99

61.48

Other financial liabilities

15.79

19.13

TOTAL FINANCIAL LIABILITIES

858.08

692.60

NON-FINANCIAL LIABILITIES



Provisions

1.41

1.09

Other non-financial liabilities

1.42

1.21

TOTAL NON-FINANCIAL LIABILITIES

2.83

2.29

EQUITY



Equity share capital

33.33

28.79

Other equity

85.27

54.60

TOTAL EQUITY

118.59

83.39

TOTAL LIABILITIES AND EQUITY

979.51

778.28

 

DIVIDEND HISTORY

Particulars

2020

2019

2018

Dividend (final + interim) (In Rs.)

0.60

0.60

Nil

Retained Earnings (Consolidated) (In Rs. Crores)

186.05

59.37

-6.42

 

PERFORMANCE OF THE COMPANY

Revenue from Operations of the company increased by 58.33% from Rs. 112.36 Crore in FY 2019 to Rs. 177.89 Crore in FY 2020.


EBITDA of the company increased significantly by 61.42% from Rs. 113.68 Crore in FY 2019 to Rs. 183.50 Crore in FY 2020. EBITDA margins of the company increased from 10.65% in FY 2019 to 15.30% in FY 2020.


Net profit of the company increased by 116.62% from Rs. 8.65 Crore in FY 2019 to Rs. 18.73 Crore in FY 2020.


The book value of the company as of 31st March 2020 was Rs. 38.27.

 

The company has given a dividend of Rs. 0.60 per equity share for FY 2020.

 




125

Powered by Froala Editor

Annual Reports

2019-20

Download

2018-19

Download

2017-18

Download

2016-17

Download

Corporate Actions

2020-21

Download

2021-22

Download

Recent News

Wealth Wisdom - WWIPL
Support Megha Support Neha Support Pallavi