Mahindra Finance : Brings Dual Profit High Return & Safe Investment

 

* - Senior Citizens will get an additional rate of 0.25% per annum # - Interest payment half-yearly on 30th September and 31st March. ^ - Interest payable through electronic clearing service (ECS) only For more info contact, 9818269396 or investorspleaselisten@in.com It has a AA+ rating from CRISIL indicating High Safety. Mahindra Finance is one of India's leading non-banking finance companies focused on the rural and semi-urban areas providing finance for the acquisition of utility vehicles, tractors and cars. It also has one of the largest networks among NBFC's and over 450 branches all across India. Mahindra Finance is a subsidiary of M&M, a leading tractor and UV manufacturer with over 60 years of experience in the Indian market. The Company is presently engaged in leasing, hire purchase and loan, financing of plant and machinery, vehicles and equipment, bills discounting, corporate finance, and related financial services. Some brief financials of Mahindra Finance are given below : (Rs. in Lakhs) YEAR ENDED PROFIT BEFORE DEPRECIATION AND TAX PROFIT BEFOR TAX PROFIT AFTER TAX DIVIDED ON EQUITY SHARES 2005 – 06 16654.11 16215.44 10827.24 35 % 2006 - 07 20932.36 20274.01 13288.34 40 % 2007 – 08 27951.06 27198.80 17702.40 45 % Mahindra Finance has launched a Fixed Deposit Scheme and will be accepting fixed deposits from public from January 2009. The brief details of the FD scheme are as below: - Non Cumulative Half-Yearly Scheme: Minimum Amount Period (Months) Interest *#^ p.a. Rs. 25,000 12 10.25% 24 10.75% 36 11.25% Cumulative Scheme: Minimum Amount Period (Months) Amount Payable Interest* p.a. Effective Yield p. a. Rs. 10,000 12 Rs. 11,050 10.50% 10.50% 18 Rs. 11,670 10.75% 11.13% 24 Rs. 12,321 11.00% 11.61% 36 Rs. 13,862 11.50% 12.87%

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