Mimoza Enterprises Finance (MFI) - investment opportunity

[Surya Prakash Loonker]

Hello,

 

I have got mandate to raise Rs. 5 cr equity for Mimo Finance. Some basic facts are below. These funds have to be from Indian sources. It is a very good opportunity to invest. You may want to consider to invest. Pl help me find investors. People who invested in SKS Microfinance received 1,200% returns within 4 years.

 

Surya Prakash Loonker

Corporate Finance, Mergers & Acqusitions, Management Consulting

A-8 Mandakini Enclave, Alaknanda, New Delhi - 110 019.  INDIA.

T: +91-11-40533711  E: cf.mna.mc@gmail.com

W: http://info.linuxbazar.com/page/Businesses+for+Sale+%26+Purchase+in+India

 

• 18% of shares are owned by Mr. Manab and his partner Mr. Murli, around 4% share is owned by Mr. Swaminathan Aiyar 62% is owned by Bellwether fund and 10% by ESOP Trust
• Company is in the area of Micro Finance which provides loan to poor sections of the society
• Company has presence in five states of northern India with current employees strength of 476 of which 26 are in Delhi office. It currently has total of 62 offices and company ranks 50^th among the list of MF companies; rated by CRISIL as MFR4
• To reduce the risk of loan fraud, company provides loan to a group of at least 5 women
• Company provides loan @ 32% on reducing balance basis including other charges
• Company provides loans of Rs. 10k, 12k and 16k
• Collects weekly repayment between 7 to 11 am from borrowers

1,00,000 borrowers, Rs. 60 cr outstanding loan portfolio

• NPA is 0.001%
• Company has an equity base of Rs. 36 crores.
• March 2010 – Rs. 9.9 cr income, Rs. 84 lakhs profit before tax, March 2011 expected – Rs. 25 cr income, Rs. 2 cr PBT

More details at http://mimofin.com

Make money and alleviate poverty at the same time.

[Nadeem Waheed]

My dad was born in India(pre 1947) does that make me from an Indian source?  I'm both cynical and serious at the same time :). I assume one can get a very small amount of shared (like $2500 worth)?

Thanks,

Nadeem

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[Surya Prakash Loonker]

Minimum investment required is $11,500 and in multiples of $1,000 thereafter. Funds from Indian source means funds sitting in India (regular SB acct, not NRE or NRO accts) and which were earned in India.

 

spl