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 7,000.00 (27.27 %) 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 40.10 (0.25 %) signify 1,100.00 (4.46 %) simpson & company 3,500,000.00 smile microfin 52.00 (-1.89 %) sportskeeda 3,303.00 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 %)
×

smile microfinance Limited

52.00
-1.89 %
Scrip Name
Smile MicroFin
ISIN No.
INE786V01012
PAN No.
AAFCS5614J
Face Value
10
No. of Outstanding Shares
17,339,639
Market Capitalization
90.17 Crore

S.M.I.L.E. MICROFINANCE LIMITED UNLISTED SHARE

About Smile Microfinance Limited


Smile Microfinance Limited is a Non-Banking Financial Company (NBFC) registered under the Reserve Bank of India. Smile Microfinance is mainly engaged in providing financing services to women from poor segments of Tamil Nadu. The company’s vision is not just to act as a financing company, but to help the needy.


Smile Microfinance Limited provides micro/small loans to poor women of Tamil Nadu for the purpose of small businesses or other revenue-generating activities. The company also provides loans for personal consumption. The company is mainly targeting the segment which is ignored by the traditional banks or financial institutions.


The best part of the company is its business model. They have adopted a joint liability group model for providing unsecured loans. This model ensures credit discipline through weekly/monthly/fortnightly meetings, mutual support, and peer pressure. In this model, if an individual fails to make payments on time, then the group might make the payment on the behalf of defaulting member of the group will use peer pressure to ensure the loan payment.


Smile Microfinance was the first urban Micro Finance Institution to be established in Chennai in 2005. For expansion, the company brings funds by debt and equity. They also have a specialized microfinance fund based in the USA for their funding. Developing World markets has infused Rs. 50 Crores in the company through the fund.


As of 31st March 2020, the company is operating in 7 States across India with a network of 137 branches.


CARE Ratings has assigned BBB- rating to Smile Microfinance Limited for its long-term bank facilities of Rs. 250 Crore.


INCORPORATION DETAILS


CIN

U67190TN1995PLC030604

Registration Date

21 March 1995

Category / Sub-Category of the Company

Company limited by shares

Address of the Registered office and contact details

14/25, Chakrapani Street, West Mambalam,

Chennai - 600033

Name, Address and Contact details of Registrar and Transfer Agent, if any

Cameo Corporate Services Listing

Subramanian Building,

No. 1, Club House Road,

Near Spencers Signal on Anna Salai

Chennai, Tamil Nadu – 600 002

 

PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY

Name and Description of main products/services

% to total turnover of the Company

Financial Services - Lending

100%



BOARD OF DIRECTORS

Mr. Murali Srinivas P (MD & CEO)

Mrs. IndraniBhagwan Singh (Non-Executive Director)

Mr. J. Bradley Swanson (Non-Executive Director)

Mr. Aleem Remtula (Non-Executive Director)

Mr. Suresh K Krishna (Independent Director)

Mr. Rajan Samuel (Independent Director)

Mr. V S Padmanaban (Non-Executive Director)


PARTICULARS OF SUBSIDIARY AND ASSOCIATE COMPANIES

S.M.I.L.E. MICROFINANCE LIMITED does not have any subsidiary or associate company.


S.M.I.L.E. MICROFINANCE LIMITED UNLISTED SHARE DETAILS


Total Available Shares:

1,73,39,639

Face Value:

Rs. 10 Per Equity Share

ISIN:

INE786V01012

PAN No. 

AAFCS5614J

Lot Size:

100 Shares

Last Traded Price

Rs. 89

Market Cap: 

Rs.  154.32 Crore

 

SHAREHOLDING PATTERN

(As on 31-03-2020)

S. No.

Shareholders’ Name

No. of Shares

% of total Shares of the company

2

Promoters Shareholding

32,19,997

18.57%

3

Public Shareholding

1,41,19,642

81.43%


Total

1,73,39,639

100

 

INDUSTRY OUTLOOK

The last two decades have seen the microfinance industry grow by leaps and bounds around the world and India is no exception. The number of non-banking finance companies providing microcredit products has gone up significantly. Microfinance is now recognized as being the vehicle to achieve India’s financial inclusion goals.


With technology penetrating the industry, the microfinance industries are expanding their services in innovative ways. The microfinance Industry has a huge potential in India. At the pan India level, micro-credit reached not more than 20% of total deserving households through a variety of channels including Banks, small finance banks, and microfinance institutes.


The threat of industry includes a high level of competition. As Small finance banks mainly focusing on this segment, and nowadays commercial banks are also showing active interest in the microcredit industry, the competition has become very intense.


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 is still uncertain, it will affect the plans of this industry for FY 2021.


However, according to ICRA, a rating agency, the microfinance industry is likely to face asset quality pressure in the short term. However, the majority of the microfinance 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.


KEY FINANCIALS OF S.M.I.L.E. MICROFINANCE LIMITED(In Rs. Lakhs)

 

Particulars

2020

2019

2018

2017

Interest Income

12,235.63

11,341.61

9,962.04

7,024.19

Other Income

676.19

551

199.57

106.57

Total Income

12,911.82

11,892.61

10,161.61

7,130.76

Expenses

10,934.04

9,078.45

7,708.6

5,723.05

Profit before Tax

1,977.78

2,814.16

2,453.01

1,407.71

Tax

723.41

667.69

769.5

573.36

Profit After Tax

1,254.37

2,146.47

1,683.51

834.35

PAT margin

9.71%

18.05%

16.57%

11.70%

EPS

7.17

12.38

9.71

4.81



BALANCE SHEET OF S.M.I.L.E. MICROFINANCE LIMITED(In Rs. Lakhs)

Particulars

2020

2019

ASSETS



FINANCIAL ASSETS



Cash and Cash equivalents

8,190.53

10,994.99

Loans

59,039.91

50,605.37

Other financial assets

488.86

510.52

TOTAL FINANCIAL ASSETS

67,719.30

62,110.88

NON FINANCIAL ASSETS



Tax assets

463.36

424.9

Tangible assets

155.23

72.56

Intangible assets

92.61

14.22

Other non financialassets

103.59

32.92

TOTAL NON FINANCIAL ASSETS

814.79

544.6

TOTAL ASSETS

68,534.09

62,655.48

EQUITY AND LIABILITIES



EQUITY



Equity share capital

1,733.96

1,733.96

Other equity

12,694.21

11,513.99

TOTAL EQUITY

14,428.17

13,247.95

LIABILITIES



FINANCIAL LIABILITIES



Payables

141.99

115.71

Debt securities

12,701.62

13,182.25

Borrowings

39,464.39

35,646.87

Other financial liabilities

1,130.68

138.66

TOTAL FINANCIAL LIABILITIES

53,438.68

49,083.49

NON FINANCIAL LIABILITIES



Tax liabilities

0

0

Provisions

325.45

219.2

Other non financial liabilities

341.79

104.84

TOTAL NON FINANCIAL LIABILITIES

667.24

324.04

TOTAL LIABILITIES

54,105.92

49,407.53

TOTAL EQUITY AND LIABILITIES

68,534.09

62,655.48

 

DIVIDEND AND RETAINED EARNINGS

Particulars

2020

2019

2018

Dividend (In Rs.) (final + interim)

Nil

Nil

Nil

Retained Earnings (Consolidated) (In Rs. Lakhs)

7,163.50

6,168.22

4,541.22


PERFORMANCE OF THE COMPANY

Interest Income of the company increased by 7.88% from Rs. 11,341.61 Lakhs in FY 2019 to Rs. 12,235.63 Lakhs in FY 2020.


Despite an increase of 8.57% in total income in FY 2020, Profit After Tax of the company declined by 41.56% from Rs. 2,146.47 Lakhs in FY 2019 to Rs. 1,254.37 Lakhs in FY 2020.


The capital adequacy ratio of the company was 20.85% as of 31st March 2020. The minimum requirement of capital adequacy ratio is 15% intimated by RBI.


The total loan asset under management of the company increased to Rs. 60,647 Lakhs in FY 2020, an increase of 18% from Rs. 51,500 Lakhs in FY 2019.


The company’s total borrowings increased by 10% to Rs. 39,464.39 Lakhs in FY 2020, from Rs. 35,646.87 Lakhs. Total Loan given increased by 16% from Rs. 50,605.37 Lakhs in FY 2019 to Rs. 59,039.91 lakhs in FY 2020.


Gross NPA stood at 0.22% and Net NPA stood at Nil as of March 31, 2020, as against Gross NPA of 0.26% and Net NPA of Nil as on March 31, 2019.


The company has not given any dividends for the past 3 years.


In FY 2020, the company has opened new branches in Chhattisgarh, Jharkhand, Karnataka, and Madhya Pradesh.








Powered by Froala Editor

Wealth Wisdom - WWIPL
Support Megha Support Neha Support Pallavi