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0.85 (1y: +14%)
Market Cap 8.3 M P/E(ttm) 57.40
Enterprise Value 29.42 M P/B 0.10
SMCG- OTCPK (USA)
Millennium India Acquisition Corporation
Not Rated
Top Ranked Predictable Companies
$0.85
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GuruFocus Financial Strength Rank measures how strong a companyย’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength

vs
industry		 vs
history
Cash to Debt 0.067
SMCG's Cash to Debt is ranked lower than
83% of the 237 Companies
in the Global Asset Management industry.

( Industry Median: 10000.00 vs. SMCG: 0.067 )
SMCG' s 10-Year Cash to Debt Range
Min: 0.07   Max: No Debt
Current: 0.07
Equity to Asset 0.516
SMCG's Equity to Asset is ranked lower than
57% of the 237 Companies
in the Global Asset Management industry.

( Industry Median: 0.56 vs. SMCG: 0.516 )
SMCG' s 10-Year Equity to Asset Range
Min: 0.45   Max: 0.73
Current: 0.52
0.45
0.73
Z-Score: 3.29
GuruFocus Profitability Rank ranks how profitable a company is and how likely the companyย’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
ย•ย•3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rankย•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth

vs
industry		 vs
history
Operating margin (%) -3.20
SMCG's Operating margin (%) is ranked lower than
74% of the 237 Companies
in the Global Asset Management industry.

( Industry Median: 21.30 vs. SMCG: -3.20 )
SMCG' s 10-Year Operating margin (%) Range
Min: -267.3   Max: 33.9
Current: -3.2
-267.3
33.9
Net-margin (%) -1.9
SMCG's Net-margin (%) is ranked lower than
70% of the 237 Companies
in the Global Asset Management industry.

( Industry Median: 14.05 vs. SMCG: -1.9 )
SMCG' s 10-Year Net-margin (%) Range
Min: -182.4   Max: 25.1
Current: -1.9
-182.4
25.1
ROE (%) -1.3
SMCG's ROE (%) is ranked lower than
68% of the 237 Companies
in the Global Asset Management industry.

( Industry Median: 6.80 vs. SMCG: -1.3 )
SMCG' s 10-Year ROE (%) Range
Min: -5.6   Max: 15.9
Current: -1.3
-5.6
15.9
ROA (%) -0.6
SMCG's ROA (%) is ranked lower than
70% of the 237 Companies
in the Global Asset Management industry.

( Industry Median: 2.80 vs. SMCG: -0.6 )
SMCG' s 10-Year ROA (%) Range
Min: -4.1   Max: 7.4
Current: -0.6
-4.1
7.4
ROC (Joel Greenblatt) (%) -6.60
SMCG's ROC (Joel Greenblatt) (%) is ranked lower than
99% of the 237 Companies
in the Global Asset Management industry.

( Industry Median: 24.40 vs. SMCG: -6.60 )
SMCG' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -6.6   Max: 61.9
Current: -6.6
-6.6
61.9
ยป SMCG's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Insider Trades

Latest Guru Trades with SMCG

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Ian Cumming 2010-06-30 Sold Out 0.01%$1.29 - $3.29 $ 0.85-66%0
Ian Cumming 2010-03-31 New Buy0.01%$1.1216 - $1.7 $ 0.85-40%120000
Premium More recent guru trades are included for Premium Members only!!

Ratios

vs
industry		 vs
history
P/E(ttm) 57.40
SMCG's P/E(ttm) is ranked lower than
85% of the 237 Companies
in the Global Asset Management industry.

( Industry Median: 15.40 vs. SMCG: 57.40 )
SMCG' s 10-Year P/E(ttm) Range
Min: 0.51   Max: 115.22
Current: 57.4
0.51
115.22
P/B 0.10
SMCG's P/B is ranked lower than
98% of the 237 Companies
in the Global Asset Management industry.

( Industry Median: 1.10 vs. SMCG: 0.10 )
SMCG' s 10-Year P/B Range
Min: 0.01   Max: 2.48
Current: 0.1
0.01
2.48
P/S 3.80
SMCG's P/S is ranked lower than
100% of the 237 Companies
in the Global Asset Management industry.

( Industry Median: 3.40 vs. SMCG: 3.80 )
SMCG' s 10-Year P/S Range
Min: 0.01   Max: 6.67
Current: 3.8
0.01
6.67
PFCF 6.60
SMCG's PFCF is ranked higher than
76% of the 237 Companies
in the Global Asset Management industry.

( Industry Median: 13.42 vs. SMCG: 6.60 )
SMCG' s 10-Year PFCF Range
Min: 1.94   Max: 6.85
Current: 6.6
1.94
6.85
EV-to-EBIT 13.9
SMCG's EV-to-EBIT is ranked higher than
84% of the 237 Companies
in the Global Asset Management industry.

( Industry Median: 15.39 vs. SMCG: 13.9 )
SMCG' s 10-Year EV-to-EBIT Range
Min: 12.8   Max: 71.1
Current: 13.9
12.8
71.1

Valuation & Return

vs
industry		 vs
history
Price/Net Cash 42.5
SMCG's Price/Net Cash is ranked lower than
63% of the 237 Companies
in the Global Asset Management industry.

( Industry Median: 6.70 vs. SMCG: 42.5 )
SMCG' s 10-Year Price/Net Cash Range
Min: 0.2   Max: 82.5
Current: 42.5
0.2
82.5
Price/Net Current Asset Value 0.4
SMCG's Price/Net Current Asset Value is ranked higher than
69% of the 237 Companies
in the Global Asset Management industry.

( Industry Median: 23.30 vs. SMCG: 0.4 )
SMCG' s 10-Year Price/Net Current Asset Value Range
Min: 0.2   Max: 10.6
Current: 0.4
0.2
10.6
Price/Tangible Book 0.1
SMCG's Price/Tangible Book is ranked higher than
54% of the 237 Companies
in the Global Asset Management industry.

( Industry Median: 1.25 vs. SMCG: 0.1 )
SMCG' s 10-Year Price/Tangible Book Range
Min: 0.1   Max: 1.8
Current: 0.1
0.1
1.8
Price/Median PS Value 85
SMCG's Price/Median PS Value is ranked higher than
57% of the 237 Companies
in the Global Asset Management industry.

( Industry Median: 0.90 vs. SMCG: 85 )
SMCG' s 10-Year Price/Median PS Value Range
Min: 10.9   Max: 10.9
Current: 85
Earnings Yield (Greenblatt) 7.20
SMCG's Earnings Yield (Greenblatt) is ranked lower than
83% of the 237 Companies
in the Global Asset Management industry.

( Industry Median: 6.90 vs. SMCG: 7.20 )
SMCG' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0   Max: 7.9
Current: 7.2
0
7.9

Business Description

Millennium India Acquisition Company Inc. is a closed-end investment fund, whole principal asset is shareholding in SMC Group, a retail financial services companies in India, headquartered in New Delhi, with over 1,250 locations across India. SMC Group has businesses in equities and commodities brokerage, derivatives, international commodities, online trading, arbitrage, investment banking, investment advisory and research, depository and clearing services, distribution of mutual funds, IPOs and insurance products. Millennium offers U.S. investors a means for participating in India's financial services sector, which is currently closed to foreign investment under Indian law. The company tries to identify and invest in emerging market leaders in India's high-growth industries, specifically those sectors catering to the nation's rising middle-class including financial services, retail, healthcare, and infrastructure.
Company Website
SEC Reports
Industry: Asset Management
Compare:AMP, AMG, BEN, BLK, BK
ยป More Articles for SMCG

Headlines

Articles On GuruFocus.com
Leucadia National Corp. Buys Endwave Corp., Millenium India Acquisition Company Inc. May 12 2010 

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