sm energy teknik electronics ltd Management discussions

APPROVAL FOR SALE OF UNDERTAKING

The Board has entered in to a MOU for sale of Textile Machinery Division. The proceeds of the sale have been utilized for clearance of the residual liabilities of the company with an intention to make the company totally debt and liability free. The residual formalities with regard to completion of sale is under progress.. Pending formalities of sale formalities, the unit has been given on rent.

COMMENCEMENT OF NEW BUSINESS

The Board has taken further steps in commercially entering in to the business of Industrial Estate Development as well as redevelopment of realty projects. The Board is hopeful that in the ensuing years these businesses will gather swift momentum which would result in facilitating revival of the companys financial position.

FINANCIAL & OPERATIONAL PERFORMANCE:

During the year under review, the Company saw a fall in its overall performance. The Company has incurred losses of Rs. 1,515 thousands as against Rs. 3,489 thousands in the previous year.

CAUTIONARY STATEMENT:

Statements in the Management Discussion and Analysis describing the Companys objectives, projections, estimates, expectations may be considered to be forward looking statements and actual results could differ materially from those expressed or implied. Important factors which could make a significant difference to the companys operations include downtrend in the pharmaceutical sector, demand supply conditions, market prices, input components costs and availability, changes in government regulations and tax laws besides other factors such as litigation over which the company may not have any control.

	On behalf of the Board
For SM ENERGY TEKNIK & ELECTRONICS LTD
DILIP PIMPARKAR	GORDHANLAL PHALORE
DIRECTOR	EXECUTIVE DIRECTOR
DIN : 01563979	DIN : 06360979
Place: Mumbai
Date: 12th August, 2015

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Risk Disclosure on Derivatives

9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
On an average, loss makers registered net trading loss close to Rs. 50,000.
Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213, IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

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This certificate demonstrates that IIFL as an organization has defined and put in place best-practice information security processes.

ATTENTION INVESTORS

Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

Risk Disclosure on Derivatives

9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
On an average, loss makers registered net trading loss close to Rs. 50,000.
Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213, IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

We are ISO 27001:2013 Certified.

This certificate demonstrates that IIFL as an organization has defined and put in place best-practice information security processes.

sm energy teknik electronics ltd Management discussions

ATTENTION INVESTORS

Risk Disclosure on Derivatives

We are ISO 27001:2013 Certified.

MARKET

IDEAS

MUTUAL FUNDS

TRADING DOCUMENTATION

CALCULATOR

GLOSSARY (A-Z)

ATTENTION INVESTORS

Risk Disclosure on Derivatives

We are ISO 27001:2013 Certified.