MIRA INFORM REPORT

Report Date :

20.01.2012

IDENTIFICATION DETAILS

Name :	SKM ENTERPRISES PRIVATE LIMITED (w.e.f. 26.03.2003)
Formerly Known As :	MANTRA SECURITIES PRIVATE LIMITED
Registered Office :	12 SKM House, 6^th Khetwadi, Charni Road, Mumbai 400004, Maharashtra
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	09.01.1984
Com. Reg. No.:	11-031790
Capital Investment / Paid-up Capital :	Rs.10.662 Millions
CIN No.: [Company Identification No.]	U24110MH1984PTC031790
Legal Form :	Private Limited Liability Company
Line of Business :	Supplier of Electronic and Electrical Products, Stainless Steel Wires and Cables
No. of Employees :	12 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (45)

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Maximum Credit Limit :	USD 133000
Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track. Trade relations are reported as fair. Business is active. Payments are reported to be usually correct. The company can be considered normal for business dealings at usual trade terms and conditions.

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

INFORMATION PARTED BY

Name :	Mr. Dipak
Designation :	Accountant
Contact No.:	91-22-66363145
Date :	19.01.2012

LOCATIONS

Registered Office :	12 SKM House, 6^th Khetwadi, Charni Road, Mumbai 400004, Maharashtra, India
Tel. No.:	91-22-66363145 / 66362034 / 66374900
Fax No.:	91-22-66374900
E-Mail :	info@skmsteels.com skment12@yahoo.co.in
Website :	www.skmenterprise.co.in
Location :	Owned
Warehouse :	Located at: Panvel Katamboli, Panvel, Mumbai, Maharashtra, India Bhiwandi Bhiwandi, Mumbai, Maharashtra, India

DIRECTORS

As on 29.09.2011

Name :

Mr. Chirag Shantilal Shah

Designation :

Director

Date of Birth/Age :

03.12.1973

Date of Appointment :

31.10.2001

DIN No.:

00081637

Other Directorship :

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U27100MH1994PLC083403	SKM Steels Limited	Director	01-07-00	01-07-00	-	Active	NO
2	U28100MH1983PLC029050	SKM Industries Private Limited	Director	01-08-00	01-08-00	-	Active	NO
3	U45202MH1985PTC035590	SKM Constructions Private Limited	Director	01-08-00	01-08-00	-	Active	NO
4	U70102MH1983PTC031098	SKM Realty Private Limited	Director	01-08-00	01-08-00	-	Active	NO
5	U65944MH1983PTC031087	SKM Capital and Holdings Private Limited	Director	25-08-01	25-08-01	-	Active	NO
6	U24110MH1984PTC031790	SKM Enterprises Private Limited	Director	31-10-01	31-10-01	-	Active	NO
7	U51420MH1997PTC105245	SKM Metal Processors Private Limited	Director	26-11-03	26-11-03	-	Active	NO
8	U70100MP2008PTC020178	Sunstar Infratech Private Limited	Director	02-01-08	02-01-08	-	Active	NO
9	U45102MH2001PTC131232	Shree Parul Developers Private Limited	Director	31-01-08	31-01-08	-	Active	NO
10	U74999MH2008PTC185413	Shaswat Enterprises Private Limited	Director	04-08-08	04-08-08	-	Active	NO
11	U45400MH2010PTC198967	Shaswat Realtors Private Limited	Director	15-01-10	15-01-10	-	Active	NO
12	U67120MP1995PTC009168	SKM Ramdin Ultratech Private Limited	Additional director	25-11-10	25-11-10	-	Active	NO
13	U45200MH1983PTC031489	Shree Sejal Construction Private Limited	Director	30-04-11	30-04-11	-	Active	NO
14	U45200MP2007PTC019444	Mahima Infrastructures Private Limited	Director	30-09-11	05-05-11	-	Active	NO

Name :

Mr. Dinesh Poonamchand Shah

Designation :

Director

Date of Birth/Age :

01.03.1949

Date of Appointment :

01.10.1998

DIN No.:

00085626

Other Directorship :

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U24110MH1984PTC031790	SKM Enterprises Private Limited	Director	01-10-98	01-10-98	-	Active	NO
2	U74999MH2008PTC185413	Shaswat Enterprises Private Limited	Additional director	22-11-11	22-11-11	-	Active	NO

Name :

Mr. Sevantilal R Shah

Designation :

Director

Date of Appointment :

01.101998

DIN No.:

00086026

Other Directorship :

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U24110MH1984PTC031790	SKM Enterprises Private Limited	Director	01-10-98	01-10-98	-	Active	NO
2	U74999MH2008PTC185413	Shaswat Enterprises Private Limited	Additional director	22-11-11	22-11-11	-	Active	NO

Name :

Mr. Kirtilal Moolchand Shah

Designation :

Director

Date of Birth/Age :

01.03.1949

Date of Appointment :

09.01.1984

DIN No.:

00105703

Other Directorship :

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U28100MH1983PLC029050	SKM Industries Private Limited	Director	05-01-83	05-01-83	-	Active	NO
2	U65944MH1983PTC031087	SKM Capital and Holdings Private Limited	Director	13-10-83	13-10-83	-	Active	NO
3	U70102MH1983PTC031098	SKM Realty Private Limited	Director	13-10-83	13-10-83	-	Active	NO
4	U45200MH1983PTC031489	Shree Sejal Construction Private Limited	Director	05-12-83	05-12-83	-	Active	NO
5	U24110MH1984PTC031790	SKM Enterprises Private Limited	Director	09-01-84	09-01-84	-	Active	NO
6	U45202MH1985PTC035590	SKM Constructions Private Limited	Director	12-03-85	12-03-85	-	Active	NO
7	U27100MH1994PLC083403	SKM Steels Limited	Managing director	01-12-10	01-12-94	-	Active	NO
8	U17120MH1997PTC105599	SKM Apparels Private Limited	Director	03-02-97	03-02-97	-	Active	NO
9	U27100MH1997PTC111184	SKM Alloys Private Limited	Director	09-10-97	09-10-97	-	Active	NO
10	U25200GJ1990PLC014554	Heavy Metal and Tubes Limited	Whole-time director	18-03-99	18-03-99	-	Active	NO
11	U45102MH2001PTC131232	Shree Parul Developers Private Limited	Director	15-03-01	15-03-01	-	Active	NO
12	U51420MH1997PTC105245	SKM Metal Processors Private Limited	Director	26-11-03	26-11-03	-	Active	NO
13	U74999MH2003PTC143045	Bkc Developers Private Limited (Cn)	Director	30-09-06	08-04-06	01-02-10	Active	NO
14	U70100MP2008PTC020178	Sunstar Infratech Private Limited	Director	02-01-08	02-01-08	-	Active	NO
15	U65910GJ1995PLC028135	Khyati Fincap Limited	Director	25-02-08	25-02-08	-	Active	NO
16	U65993GJ2008PTC054125	HM Financial Services Private Limited	Director	04-06-08	04-06-08	-	Active	YES
17	U67120MP1995PTC009168	SKM Ramdin Ultratech Private Limited	Additional director	25-11-10	25-11-10	-	Active	NO

Name :

Mr. Shailesh Ramniklal Shah

Designation :

Director

Date of Birth/Age :

03.12.1973

Date of Appointment :

01.08.2003

DIN No.:

00106058

Other Directorship :

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U28100MH1983PLC029050	SKM Industries Private Limited	Director	16-09-94	16-09-94	01-04-07	Active	NO
2	U27100MH1994PLC083403	SKM Steels Limited	Director	01-12-94	01-12-94	15-05-07	Active	NO
3	U65944MH1983PTC031087	SKM Capital and Holdings Private Limited	Director	30-11-95	30-11-95	01-04-07	Active	NO
4	U45102MH2001PTC131232	Shree Parul Developers Private Limited	Director	15-03-01	15-03-01	31-01-08	Active	NO
5	U24110MH1984PTC031790	SKM Enterprises Private Limited	Director	01-08-03	01-08-03	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Dipak
Designation :	Accountant

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 29.09.2011

Names of Shareholders	No. of Shares
Kirtilal Moolchand Shah	94030
Veenaben Kirtilal Shah	97000
Amit Kirtilal Shah	94500
Kirtilal Moolchand Shah HUF	96270
Ruchita Amit Shah	360200
Anju Kalpesh Chowdhary	80000
Amit Kirtilal Shah HUF	98000
Sejal Chirag Shah	50000
Rupak Developers Private Limited, India	25000
K K S S Builders Private Limited, India	31250
Shagun Tremix Private Limited, India	10000
Chirag Shantilal Shah	30000
TOTAL	1066250

Equity Share Break up (Percentage of Total Equity)

As on 29.09.2011

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Supplier of Electronic and Electrical Products, Stainless Steel Wires and Cables

Products :

ITC Code	Product Descriptions
72193590	S S Sheet
72171010	M S Wire
7221	S S Wire Roda

Imports :

Products :

Electronic and Electrical Products, Stainless Steel Wires and Cables

Countries :

• Belgium
• China

Terms :

Selling :

Credit (30 Days)

Purchasing :

Credit (30 Days)

GENERAL INFORMATION

Suppliers :

• Tata Steel Limited

Customers :

Wholesalers, Retailers and Manufacturer

• IDMC Limited
• Koch Chemical

No. of Employees :

12 (Approximately)

Bankers :

• Bank of India, C P Tank Branch, Chansdaramji Girls High School, Building 95 Vithalbhai Patel Road, Mumbai 400004, MAharashtra, India
• ICICI Bank

Facilities :

Secured Loan	As on 31.03.2011 (Rs. in Millions)	As on 31.03.2010 (Rs. in Millions)
Credit Facilities from Bank of India
Cash Credit Facility	32.887	22.929
Letter of Credit Local	0.000	3.216
Channel Financing	25.000	29.200
Credit Facilities from ICICI Bank
Infinity based revolving line of credit in the form of overdraft facility with ICICI Bank Limited against personal guarantee of directors	0.000	12.868
Total	57.887	68.213
Unsecured Loan	As on 31.03.2011 (Rs. in Millions)	As on 31.03.2010 (Rs. in Millions)
Short Term Loans and Advances
From Directors	29.054	26.696
From Shareholders	20.000	0.000
Form Other	0.000	15.000
Other Loans and Advances		0000
From Directors	4.242	3.675
Total	53.296	45.371

Cash Credit Rs.30.000 Millions

Banking Relations :	--
Auditors :
Name :	R.A Singh and Associates Chartered Accountant
Address :	25, Sai Baba Shopping Centre, Keshavrao Kadam Marg, Mumbai Central, Mumbai – 400008, Maharashtra, India
PAN.:	AABPC9170C

CAPITAL STRUCTURE

As on 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
2000000	Equity Shares	Rs.10 each	Rs.20.000 millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
1066250	Equity Shares	Rs.10 each	Rs.10.662 millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2011	31.03.2010	31.03.2009
SHAREHOLDERS FUNDS
1] Share Capital		10.662	10.662	10.662
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		22.594	16.458	12.550
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		33.256	27.120	23.212
LOAN FUNDS
1] Secured Loans		57.887	68.213	34.319
2] Unsecured Loans		53.296	45.371	34.000
TOTAL BORROWING		111.183	113.584	68.319
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		144.439	140.704	91.531
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		0.560	0.551	0.678
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		0.000	0.000	0.000
DEFERREX TAX ASSETS		0.005	0.005	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	74.788	95.011	34.894
	Sundry Debtors	174.915	319.481	87.926
	Cash & Bank Balances	0.116	5.475	3.661
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	3.858	7.042	3.309
Total Current Assets		253.677	427.009	129.790
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	105.307	283.192	38.241
	Other Current Liabilities	2.432	2.451	0.645
	Provisions	2.064	1.218	0.051
Total Current Liabilities		109.803	286.861	38.937
Net Current Assets		143.874	140.148	90.853
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		144.439	140.704	91.531

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Sales	851.469	719.848	662.313
		Other Income	0.515	3.246	3.742
		TOTAL (A)	851.984	723.094	666.055
Less	EXPENSES
		Cost of Materials	815.001	694.301	644.853
		Other Expenses	14.131	12.144	10.495
		TOTAL (B)	829.132	706.445	655.348
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		22.852	16.649	10.707
Less	FINANCIAL EXPENSES (D)		13.507	10.652	9.556
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		9.345	5.997	1.151
Less/ Add	DEPRECIATION/ AMORTISATION (F)		0.139	0.131	0.138
	PROFIT BEFORE TAX (E-F) (G)		9.206	5.866	1.013
Less	TAX (H)		3.071	1.958	0.383
	PROFIT AFTER TAX (G-H) (I)		6.135	3.908	0.630
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		11.821	7.913	7.283
	BALANCE CARRIED TO THE B/S		17.956	11.821	7.913
	IMPORTS
		Foreign Travel	0.047	0.067	0.067
		Capital Goods	77.617	44.960	58.091
		Bank Charges	0.259	0.235	0.396
	TOTAL IMPORTS		77.923	45.262	58.554
	Earnings Per Share (Rs.)		5.75	3.66	0.59

Expected Sales (2011-2012) : Rs.800.000 Millions

The above information has been parted by Mr. Dipak – Accountant

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	0.72	0.54	0.09
Net Profit Margin (PBT/Sales)	(%)	1.08	0.81	0.15
Return on Total Assets (PBT/Total Assets}	(%)	3.62	1.37	0.77
Return on Investment (ROI) (PBT/Networth)		0.28	0.21	0.04
Debt Equity Ratio (Total Liability/Networth)		6.64	14.76	4.62
Current Ratio (Current Asset/Current Liability)		2.31	1.48	3.33

LOCAL AGENCY FURTHER INFORMATION

SUNDRY CREDITORS DETAILS

Rs. In Millions

Particulars	31.03.2011	31.03.2010	31.03.2009
Due to Micro, Small Enterprise	1.274	0.555	0.706
Others	104.033	282.637	37.535
TOTAL	105.307	283.192	38.241

Check list by Info Agents	Available in Reports ( Yes/No)
Year of Establishment	Yes
Locality of the Firm	Yes
Constitutions of the Firm	Yes
Premises Details	Yes
Type of Business	Yes
Line of Business	Yes
Promoter’s Background	--
No. of Employees	Yes
Name of person contacted	Yes
Designation of contact person	Yes
Turnover of Firm fort last three years	Yes
Profitability for last three years	No
Reasons For Variation<>20%	--
Estimation for coming financial year	Yes
Capital in Business	Yes
Details of Sister Concern	No
Major Suppliers	Yes
Major Customers	Yes
Payment Terms	Yes
Export / Import Details (if Applicable)	Yes
Market Information	--
Litigations that the firm / Promoter involved in	--
Banking Details	Yes
Banking Facility Details	Yes
Conduct of the banking account	--
Buyer visit details