Demo Balance Sheet 2010

DEMO

PROJECTED BALANCE SHEET AS AT 31ST MARCH, 2010

Schedule Audited As on 31.03.2008 Audited As on 31.03.2009 Projected As on 31.03.2010

Rs. Rs. Rs. Rs. Rs. Rs.

I. SOURCES OF FUNDS1 Shareholder's Fund

a) Shares Capital A 980,000.00 22,799,871.00 22,480,000.00 b) Reserves & Surplus B (405,253.39) (134,012.30) 1,381,611.32

2 Loan Fundsa) Secured Loans C 75,497.52 33,295,436.41 50,300,000.00 b) Unsecured Loans D - - -

3 Deferred Tax (Net) 70,119.28 70,119.00

650,244.13 56,031,414.39 74,231,730.32

II. APPLICATION OF FUNDS1 Fixed Assets E 312,706.02 5,425,992.98 5,072,224.98

2 Investments/stock in others/Other Current Assetsa) Investments in Mutual Fund F 195,888.60 160,202.96 180,000.00 b) Stock in shares G 0.00 195,888.60 0.00 160,202.96 0.00 180,000.00

3 Current Assets, Loans and Advancesa) Stock in Trade G 0.00 13,728,345.00 19,010,000.00 b) Sundry Debtors H 0.00 33,418,466.05 46,703,000.00 c) Cash and Bank balances I 150,489.80 2,622,244.60 2,650,342.54 d) Loans & Advances J 0.00 0.00 0.00 e) Other Current Assets K 18,261.71 3,245,959.16 3,245,959.16

168,751.51 53,015,014.81 71,609,301.70

Less :Current Liabilities and provisionsa) Sundry Creditors L 0.00 2,480,196.36 2,480,196.36 b) Misc Current Liability L 28,742.00 0.00 0.00 b) Provisions 89,600.00 149,600.00

28,742.00 140,009.51 2,569,796.36 50,445,218.45 2,629,796.36 68,979,505.34

4 Miscellaneous Expenditurea) Preliminary Expenses 1,640.00 - - b) Share Issue Expenses - -

(to the extent not written off or adjusted) 1,640.00 - -

650,244.13 56,031,414.39 74,231,730.32 - - -

DEMO

PROJECTED PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH. 2010

Schedule Audited As at Audited As at Projected As at

3/31/2008 3/31/2009 3/31/2010

Rs. Rs.

INCOMESales 492,012,659.10 1,030,000,000.00 Other Income M 106,186.46 547,624.55 535,600.00 Closing Stock 0.00 13,728,345.00 19,010,000.00

106,186.46 506,288,628.65 1,049,545,600.00

EXPENDITUREOpening Stock 75.86 0.00 13,728,345.00 Purchases 495,013,814.93 1,014,000,000.00 Maintenance Charge N 0.00 0.00 0.00 WB VAT PaidFrringe Benefit Tax 0.00 0.00 Transportation Charges O 0.00 2,654,468.00 5,600,000.00 Depreciation E 110,256.89 471,768.00 353,768.00 Directors Remuneration 240,000.00 240,000.00 Interest Paid to others 11,922.54 615,744.10 615,744.10 Interest Paid to Bank 2,272,175.00 3,750,000.00 Payments to Employees P 12.00 80,810.50 170,000.00 Administration & Other Expenses Q 161,107.12 4,501,549.04 9,372,000.00

283,374.41 505,850,329.57 1,047,829,857.10

Profit before Taxation (177,187.95) 438,299.08 1,715,742.90 Provision for Fringe Benefit Tax (44,000.00) (70,000.00)Provision for Income Tax (45,600.00) (60,000.00)Profit after Taxation (177,187.95) 348,699.08 1,585,742.90

Add : Deferred Tax Assets / Liabilities (Net) 2,178.00 0.00 0.00 (175,009.95) 348,699.08 1,585,742.90

Less : Income Tax for earlier year (7,339.57)Less : Deferred Tax Liabilities (Net) (70,119.28) (70,119.28)

(Note No. 8 of Schedule "R")(175,009.95) 271,240.23 1,515,623.62

Add : Provision for taxation written back(175,009.95) 271,240.23 1,515,623.62

Balance brought forward (230,243.44) (405,252.53) (134,012.30)(405,253.39) (134,012.30) 1,381,611.32

DEMO

PROJECTED SCHEDULES TO THE ACCOUNTS

Audited As at Audited As at Projected As at 3/31/2008 3/31/2009 3/31/2010

Rs. Rs.

SCHEDULE "A"Shareholder's Funds

Share CapitalAuthorised1,00,000 Equity Shares of Rs. 10 1,000,000.00 2,000,000.00 2,000,000.00

1,000,000.00 2,000,000.00 2,000,000.00

Issued, Subscribed and paid up1,00,000 (90,000) Equity shares 980,000.00 1,280,000.00 1,280,000.00

Share Premium Account 1,200,000.00 1,200,000.00

Share Application Money 2,000,000.00

20,319,871.00 18,000,000.00

980,000.00 22,799,871.00 22,480,000.00

SCHEDULE "B"Reserves & Surplus

Profit & Loss Account (405,253.39) (134,012.30) 1,381,611.32

(405,253.39) (134,012.30) 1,381,611.32

SCHEDULE "C"Secured Loans

Cash Credit from Allahabad Bank 32,701,399.79 50,000,000.00 (Secured against hypothecation of Inventories, book debts both current & future)

Car Loan from Bank (Secured against hypothecation of v 75,497.52 594,036.62 300,000.00

75,497.52 33,295,436.41 50,300,000.00

Quasi-equity Capital (Unsecured Loan from associated concerns)

DEMO

ESTIMATED SCHEDULES TO THE ACCOUNTS

SCHEDULE "E"Fixed Assets

GROSS BLOCK DEPRECIATION NET BLOCKAs on Total as on Up to for the as on W D V as on W D V as on

Description 01.04.2005 Addition Deduction 31.03.2006 01.04.2005 Adjustment Year 31.03.2006 31.03.2006 31.03.2005

Computer 804,842 - - 804,842 486,520 - 111,142 597,662### 207,180 318,322

Furniture & Fixture 47,355 - - 47,355 15,080 - 15,080 32,275 32,275

Motor Car 1,795,281 - - 1,795,281 758,903 - 268,318 1,027,221### 768,060 1,036,378

Fax Machine 32,500 - - 32,500 7,617 - 3,459 11,076### 21,424 24,883

Mobile Phone 149,064 - - 149,064 29,087 - 15,717 44,804### 104,260 119,977

Office Equipments 64,378 - - 64,378 19,084 - 6,296 25,380### 38,998 45,294

Generator Set 65,970 - - 65,970 20,511 - 6,319 26,830### 39,140 45,459

Air Conditioner 100,850 - - 100,850 20,749 - 10,493 31,242### 69,608 80,101

EPABX Telephone System 26,000 - - 26,000 6,730 - 2,679 9,409### 16,591 19,270________ ________ _______ ________ _______ _______ _______ _______ ________ _______3,086,240 - - 3,086,240 1,364,281 - 424,423 1,788,703 1,297,536 1,721,959

Previous Year 2,856,129 230,111 - 3,086,240 783,585 - 580,696 1,364,281 1,721,959 2,072,544

DEMO




Description 01.04.2005 Addition Deduction 31.03.2006 01.04.2005 Adjustment Year 31.03.2006 31.03.2006 31.03.2005

1,270,502 211,445________ ________ _______ ________ _______ _______ _______ _______ ________ _______

0 0 0 1,270,502 0 0 211,445 211,445 1,059,057 0

Previous Year

DEMO




Description 3/31/2006 Addition Deduction 3/31/2007 4/1/2006 Adjustment Year 3/31/2007 3/31/2007 3/31/2006

Motor Car 661,890 0 0 661,890 104,696 - 144,258 248,954### 412,936 1,036,378

Computer 48,316 0 0 48,316 35,840 - 4,990 40,830### 7,486 324,164

Paper Shedding Machine 4,700 0 0 4,700 1,973 - 494 2,467### 2,233 24,883

Georgia Vending Machine 614,140 0 -614,140 0 131,394 (142,616.42) 11,222 0 0

Telephone Receiver 450 0 0 450 92 - 50 142### 308 119,977

By-Cycle 4,360 0 -4,360 0 804 958 154 0 0________ ________ _______ ________ _______ _______ _______ _______ ________ _______1,333,856 0 618,500 715,356 274,799 (143,575) 161,168 292,393 422,963 1,505,402

Previous Year

DEMO





Motor Car 661,890 0 0 661,890 248,954 - 106,909 355,863### 306,027 412,936

Computer 48,316 0 0 48,316 40,830 - 2,994 43,825### 4,491 7,486

Paper Shedding Machine 4,700 0 0 4,700 2,467 - 311 2,777### 1,923 2,233

Telephone Receiver 450 0 0 450 142 - 43 185### 265 308________ ________ _______ ________ _______ _______ _______ _______ ________ ________

715,356 0 0 715,356 292,393 - 110,257 402,650 312,706 422,963

Previous Year 1,333,856 0 618,500 715,356 274,799 (143,575) 161,168 292,393 422,963 1,505,402

DEMO





Air Conditioner 138,100 - 138,100 7,949 7,949### 130,151Camera 7,900 - 7,900 226 226### 7,674Computer 48,316 578,104 - 626,420 43,825 - 95,845 139,670### 486,750 4,491Computer Software 73,440 - 73,440 39,399 39,399### 34,041Cycle 26,091 - 26,091 1,711 1,711### 24,380DVD Player 12,840 - 12,840 367 367### 12,473Electrical Fittings 14,519 - 14,519 1,022 1,022### 13,497Electronic Weighing Scales 6,864 - 6,864 513 513### 6,351Fan 3,400 - 3,400 327 327### 3,073Furniture & Fixture 855,640 - 855,640 41,582 41,582### 814,058Mobile Phone 68,000 - 68,000 1,167 1,167### 66,833Motor Car 661,890 807,265 - 1,469,155 355,863 - 183,445 539,308### 929,847 306,027Motor Cycle 160,592 - 160,592 22,097 22,097### 138,495Note Couting Machine 33,000 - 33,000 2,377 2,377### 30,623Office Space 0 2,713,000 - 2,713,000 0 - 69,126 69,126### 2,643,874 0Paper Shedding Machine 4,700 0 - 4,700 2,777 - 267 3,044### 1,656 1,923Refridgerator 14,800 - 14,800 423 423### 14,377Telephone Receiver 450 46,500 - 46,950 185 - 2,509 2,694### 44,256 265Television 18,100 - 18,100 890 890### 17,210Water Cooler 6,900 - 6,900 526 526### 6,374

________ ________ _______ ________ _______ _______ _______ _______ ________ ________ 715,356 5,585,055 - 6,300,411 402,650 - 471,768 874,418 5,425,993 312,706

Previous Year 715,356 0 0 715,356 292,393 - 110,257 402,650 312,706 422,963

DEMO





Air Conditioner 138,100 - 138,100 7,949 7,491 15,440### 122,660 130,151 Camera 7,900 - 7,900 226 220 446### 7,454 7,674 Computer 626,420 - 626,420 139,670 - 74,475 214,145### 412,275 486,750 Computer Software 73,440 - 73,440 39,399 18,262 57,661### 15,779 34,041 Cycle 26,091 - 26,091 1,711 1,599 3,310### 22,781 24,380 DVD Player 12,840 - 12,840 367 357 724### 12,116 12,473 Electrical Fittings 14,519 - 14,519 1,022 950 1,972### 12,547 13,497 Electronic Weighing Scales 6,864 - 6,864 513 475 988### 5,876 6,351 Fan 3,400 - 3,400 327 296 623### 2,777 3,073 Furniture & Fixture 855,640 - 855,640 41,582 39,561 81,143### 774,497 814,058 Mobile Phone 68,000 - 68,000 1,167 1,147 2,314### 65,686 66,833 Motor Car 1,469,155 - 1,469,155 539,308 - 116,105 655,413### 813,742 929,847 Motor Cycle 160,592 - 160,592 22,097 19,057 41,154### 119,438 138,495 Note Couting Machine 33,000 - 33,000 2,377 2,206 4,583### 28,417 30,623 Office Space 2,713,000 - 2,713,000 69,126 - 67,365 136,491### 2,576,509 2,643,874 Paper Shedding Machine 4,700 - 4,700 3,044 - 94 3,138### 1,562 1,656 Refridgerator 14,800 - 14,800 423 411 834### 13,966 14,377 Telephone Receiver 46,950 - 46,950 2,694 - 2,365 5,059### 41,891 44,256 Television 18,100 - 18,100 890 846 1,736### 16,364 17,210 Water Cooler 6,900 - 6,900 526 486 1,012### 5,888 6,374

________ ________ _______ ________ _______ _______ _______ _______ ________ ________ 6,300,411 - - 6,300,411 874,418 - 353,768 1,228,186 5,072,225 5,425,993

Previous Year 715,356 5,585,055 0 6,300,411 402,650 - 471,768 874,418 5,425,993 312,706

DEMO


Audited As on Audited As on Projected As at 3/31/2008 3/31/2009 3/31/2010

Rs. Rs.

SCHEDULE "F"Investments

Shares 195,889 160,203 180,000

195,889 160,203 180,000

SCHEDULE "G"Stock in Trade

Mobile Hand Set 13,725,745 19,000,000POP Material & Assories 2,600 10,000

0 13,728,345 19,010,000

SCHEDULE "H"Sundry Debtors

Sundry Debtors (Unsecured, considered good)Debts outstanding for a period excee 3,020 3,000Debts outstanding for a period less 33,415,446 46,700,000

0 33,418,466 46,703,000

SCHEDULE "I"Cash & Bank Balances

Cash in Hand 611 1,669,972 1,698,070with Scheduled Banks in Current Ac 149,878 952,273 952,273

150,490 2,622,245 2,650,343

DEMO



Rs. Rs.SCHEDULE "K"

Other Current AssetsAdvance Tax for FBT 25,000 25,000Advance Tax for Income Tax 115,000 115,000Advance to Suppliers 2,734,022 2,734,022Duties & Taxes 116,345 116,345Income Tax Paid 2,200Other Advances 14,800 91,090 91,090Prepaid Insurance 30,604 30,604Security & Other Deposits 95,700 95,700TDS / TCS 1,262 38,198 38,198

18,262 3,245,959 3,245,959

SCHEDULE "L"Liabilities

Sundry Creditors 2,480,196 2,480,196

Outstanding Expenses 28,742

28,742 2,480,196 2,480,196

SCHEDULE "M"Other Income

Dividends 4,475 2,030 4,300Interest on FD 5,051 185,425 180,000Interest from Bank 643 1,300Profit / Income from Shares 96,661 5,640Miscellaneous Income 174,548 150,000Shortage & Claim 190,618 200,000

106,186 547,625 535,600

SCHEDULE "O"Transportation Charges

Delivery Charges 2,654,468 5,600,000Sales Promotion

0 2,654,468 5,600,000

SCHEDULE "P"Payments to Employees

Conveyance Allowance 1,900 4,000Salary, Bonus & Exgratia 40,800 86,000Staff Welfare 12 38,111 80,000

12 80,811 170,000

DEMO



Rs. Rs.

SCHEDULE "Q"Administration & Other Expenses

Accounting Charges 5,000 10,000Advertisement 29,038 61,000Audit Fees 3,371 15,000 20,000Bank Charges 174 51,758 105,000Business Prmotion Expenses 65,280 140,000Commission 3,543,818 7,400,000Demat Charges 821 38 100Discount Allowed 68,279 144,000Electric Charges 11,983 29,598 60,000Filling Fees 256 21,200 45,000General Expenses 8,495 18,000Insurance Charges 11,185 34,340 65,000Legal Fees 24,200 35,000Motor Car Hire & Maintenance Char 35,664 120,674 250,000Motor Cycle Expenses 54,394 115,000Rent 24,000 50,000Postage, Telegraph & Courier Charg 230 500Printing & Stationery 805 75,345 155,000Processing Charges 12,920Repairs & Maintenance 42,903 90,000Rates & Taxes 35,070 5,428 12,000Retainership Fees 18,771Security Guard Expenses 15,813 33,000Share Transaction Tax (STT) 2,305Tata Sky Cable Expenses 29,900 63,000Telephone Charges 11,250 222,678 470,000Trade Licence Fees 6,500 14,000Traveling Expenses 2,081 5,999 13,000Preliminary Expenses written off 1,640 3,400Sundry Balance W/Off 14,451

161,107 4,501,549 9,372,000

DEMO20A, British Indian Street,Kolkata - 700 069

FORM II

ASSESSMENT OF WORKING CAPITAL REQUIREMENTS :(Amount Rs. In lacs)

2008 2009 2010

1) Gross Sales :I) Domestic Sales 0.00 4,920.13 10,300.00ii) Export Sales 0.00 0.00 0.00

TOTAL 0.00 4,920.13 10,300.00

2) Less : Excise Duty 0.00 0.00 0.00

3) Net Sale (1-2) 0.00 4,920.13 10,300.00

4) %age rise (+) or fall(-) in net salesas compared to previous year

5) Cost of SalesI) Raw Materials (including stores and other

items used in the process of manufacture)

a) Imported 0.00 0.00 0.00b) Indigenous 0.00 4,950.14 10,140.00

ii) Other Spares

a) Imported 0.00 0.00 0.00b) Indigenous 0.00 0.00 0.00

iii) Power and fuel 0.00 0.00 0.00

iv) Direct labour 0.00 0.00 0.00(factory wages & salaries)

v) Other Manufacturing Expenses 0.00 0.00 0.00

vi) Depreciaation 1.10 4.72 3.54

vii) SUB - TOTAL (I to vi) 1.10 4,954.86 10,143.54

viii) Add : Opening stocks-in-process 0.00 0.00 0.00

Sub-Total 1.10 4,954.86 10,143.54

ix) Deduct : Closing stocks-in-process 0.00 0.00 0.00

x) Cost of production 1.10 4,954.86 10,143.54

xi) Add : Opening stock of finished goods 0.00 0.00 137.28

Sub-Total 1.10 4,954.86 10,280.82

xii) Deduct : Closing Stock 0.00 137.28 190.10

xiii) Total cost of sales 1.10 4,817.57 10,090.72

6) Selling, General and Administrative Expenses 1.61 74.77 153.82

7) Sub-Total (5+6) 2.71 4,892.34 10,244.54

(Amount Rs. In lacs)

2008 2009 20108) Operating profit before Interest (3-7) 2.71 27.79 55.46

9) Interesta) Bank 0.00 22.72 37.50b) Other Interest 0.12 6.16 6.16

10) Operating profit after Interest (8-9) 2.83 1.09 11.80

11) I) Add : Other non-operating Incomea) Interest 0.00 0.00 0.00b) Other Income 1.06 5.48 5.36c) Short Term Capital Gain 0.00 0.00 0.00d) Long Term Capital Gain 0.00 0.00 0.00

Sub-total (Income) 1.06 5.48 5.36

ii) Deduct : Other non-operating expensesa) 0.00 0.00 0.00b) 0.00 0.00 0.00

Sub-total (Expenses) 0.00 0.00 0.00

iii) Net of Other non-operating income / expenses 1.06 5.48 5.36

12) Profit before tax / loss (10+11 iii) 1.77 4.38 17.16

13) Provision for taxes 0.00 0.46 0.60

14) Net Profit / Loss (12+13) 1.77 3.93 16.56

15) a) Equity dividend paid 0.00 0.00 0.00b) Dividend Rate

16) Retained profit (14-15) 1.77 3.93 16.56

17) Retained profit / Net profit (%age)


FORM III(Amount Rs. In lacs)

2008 2009 2010

LIABILITIES :

Current Liabilities :

1) Short term borrowing from Banks(Including bills purchased discounted and excess borrowing placed repayment basis)I) from applicant bank 0.00 327.01 500.00ii) from other banks 0.00 0.00 0.00iii) (of which BP & BD) 0.00 0.00 0.00

Sub-Total (A) 0.00 327.01 500.00

2) Sundry Creditors (Trade) 0.00 24.80 24.80

3) Advance payments from customers/deposits from dealers 0.00 0.00 0.00

4) Provision for taxation 0.00 0.90 1.50

5) Dividend payable 0.00 0.00 0.00

6) Other statutory liabilities (Due within one Year) 0.00 0.00 0.00

7) Deposits/installments of term loan / DPGs / debentures etc. 0.00 0.00 0.00(Due within one year)

8) Other current liabilities and provision 0.29 0.00 0.00(Due within one year)

9) Total 0.29 25.70 26.30

10) TOTAL CURRENT LIABILITIES (Total of 1 to 9) 0.29 352.71 526.30

11) Short term borrowing from others 0.00 0.00 0.00

12) Short term borrowing from Bank (car loan) 0.75 5.94 3.00

13) Deferred payments credits 0.00 0.70 0.70(Excluding installments due within one year)

14) Total 0.75 6.64 3.70

15) TOTAL (Total of 1 to 14) 1.04 359.35 530.00

Term Liabilities :16) Debentures (Not maturing within one year) 0.00 0.00 0.00

17) Preference share (Redeemable after one year) 0.00 0.00 0.00

18) Term Loans 0.00 0.00 0.00(Excluding installments payable within one year)

19) Term deposits (Repayable after one year) 0.00 0.00 0.00

20) Other Term Liabilities 0.00 0.00 0.00

21) TOTAL TERM LIABILITIES (Total of 16 to 20) 0.00 0.00 0.00

22) TOTAL OUTSIDE LIABILITIES (15 + 21) 1.04 359.35 530.00


2008 2009 2010

Net Worth :

23) Ordinary Share Capital 9.80 24.80 44.80(Including Share Application)

24) General Reserve 0.00 0.00 0.00

25) Revaluation Reserve 0.00 0.00 0.00

26) Other Reserves (Excluding provisions) 0.00 0.00 0.00

27) Quasi-equity Capital (Unsecured Loan from Associated Concern 0.00 203.20 180.00

28) Surplus (+) or deficit (-) in Profit and Loss Account 4.05 1.34 13.82

29) NET WORTH 5.75 226.66 238.62

29) TOTAL LIABILITIES (22 + 28) 6.79 586.01 768.62

ASSETS :

Current Assets :

30) Cash and Bank balances 1.50 26.22 26.50

31) I) Receivable other than deferred and exports 0.00 334.18 467.03(Including bills purchased and discounted by Banks)

ii) Export Receivables 0.00 0.00 0.00(Including bills purchased and discounted by Banks)

32) Installments of deffered receivables 0.00 0.00 0.00(Due within one year)

33) InventoryI) Raw materials (Including stores and other consumables)

a) Imported 0.00 0.00 0.00b) Indigeneous 0.00 0.00 0.00

ii) Stocks in process 0.00 0.00 0.00

iii) Finished Goods 0.00 137.28 190.10

iv) Other consumablle sparesa) Imported 0.00 0.00 0.00b) Indigeneous 0.00 0.00 0.00

34) Advances to suppliers of Raw Materials and Stores/spares 0.00 0.00 0.00

35) Misc Current Assets 0.18 32.46 32.46

36) TOTAL CURRENT ASSETS 1.69 530.15 716.09(Total of 30 to 35)

37) Investments :(Other than long term investments)I) Govt and other Trustee Securities 0.00 0.00 0.00ii) Shares & Mutual Fund 1.96 1.60 1.80

38) Advance payments of Taxes 0.00 0.00 0.00

39) Other Current Assets 0.00 0.00 0.00

40) TOTAL NON CURRENT ASSETS 1.96 1.60 1.80


2008 2009 2010

Fixed Assets :

41) Gross Block Land & Building, machinery, work-in-progress) 7.15 63.00 63.00

42) Depreciation to date 4.03 8.74 12.28

43) NET BLOCK (41 - 42) 3.13 54.26 50.72

Other Non-Current Assets :

44) Investments/Book Debts/Advances/Depositswhich are not Current Assets :

I) a) Investments in subsidiary companies / affiliates 0.00 0.00 0.00b) Others 0.00 0.00 0.00

ii) Advances to suppliers to Capital Goods and contractors 0.00 0.00 0.00

iii) Deferred receivables (Maturity exceeding one year) 0.00 0.00 0.00

iv) Others 0.00 0.00 0.00

45) Non-consumables stores and spares 0.00 0.00 0.00

46) Other Non-current assets including dues from Directors 0.00 0.00 0.00

47) TOTAL OTHER NON-CURRENT ASSETS (44 to 46) 0.00 0.00 0.00

48) Intengible assets (patents, goodwill, Prelim. Exp, 0.02 0.00 0.00bad debts not provided for etc)

49) TOTAL ASSETS 6.79 586.01 768.61(Total of 36, 40, 43, 47 & 48) 0.00 0.00 (0.00)

50) TANGIBLE NET WORTH (28 - 48) 5.73 226.66 238.62

51) NET WORKING CAPITAL 1.40 177.44 189.80 (36-10)

52) 5.87 1.50 1.36

53) Quick Ratio 5.87 20.63 27.23(Items 36 / (10-1))

54) 0.18 1.59 2.22

55) #DIV/0! 1.40 1.55

Additional Information :A) Arrears of depreciationB) Contingent Liabilities

I) Arrears of Cumulative dividendsii) Gratuity liablity not provided foriii) Disputed Excise / Customs / Tax Liabilitiesiv) Other liabilities not provided for

Current Ratio (Items 36 / 10) 1.33

Total Outside liabilities / Tangible Net Worth (22/(11+50)) <3.00

Interest Coverage Ratio (PBDIT / INTEREST) >3.00


FORM IV

COMPARATIVE STATEMENT OF CURRENT ASSETS AND CURRENT LIABILITIES(Amount Rs. In lacs)

2008 2009 2010

A) CURRENT ASSETS :

1) Raw materials (including stores and other itemsused in the process of manufacture)

a) Imported 0.00 0.00 0.00 Months' consumption 0.00 0.00 0.00

b) Indigeneous 0.00 0.00 0.00 Months' consumption 0.00 0.00 0.00

2) Other consumable spares, excluding thoseincluded in 1 above

a) Imported 0.00 0.00 0.00 Months' consumption 0.00 0.00 0.00

b) Indigeneous 0.00 0.00 0.00 Months' consumption 0.00 0.00 0.00

3) Stocks in process 0.00 0.00 0.00Months' cost of production 0.00 0.00 0.00

4) Finished goods 0.00 137.28 190.10Months' cost of sales #DIV/0! 2.95 4.45

5) Receivable other than export & deferred receivables 0.00 334.18 467.03 (Including bills purchased and discounted by bankers)Months' domestic sales excluding deferred payment sales #DIV/0! 1.21 1.81

6) Export receivables 0.00 0.00 0.00(Including bills purchase and discounted)

7) Advances to suppliers of raw materials 0.00 0.00 0.00and stores / spares consumables

8) Other current assets including Cash and Bank balances 1.50 26.22 26.50and deferred receivables due within one year

Misc Current Assets 0.18 32.46 32.46

9) TOTAL CURRENT ASSETS 1.69 530.15 716.09(To agree with item 34 in Form III) - - -

B) CURRENT LIABILITIES :(Other than Bank borrowings for working Capital)

10) Creditors for purchases of Raw Materials, Stores 0.00 24.80 24.80and consumables spares)Months' purchase #DIV/0! 16.40 33.60

11) Advance from customers 0.00 0.00 0.00

12) Statutory Liabilities 0.00 0.00 0.00

13) Other Current liabilities (specify major items) 0.29 0.90 1.50(Short term borrowings, unsecured loans, dividend payableinstallments of TL, DPG, Public Deposits, Debentures etc)

14) TOTAL CURRENT LIABILITIES 0.29 25.70 26.30


2008 2009 2010(To agree with sub total B Form III) - - -

31.03.2008 31.03.2009 31.03.2009AUDITED PROJECTED PROJECTED

Total Current Assets 1.69 530.15 716.09(Inventory) 0.00 -137.28 -190.10(Receivables) 0.00 -334.18 -467.03(Other Current Assets) -1.69 -58.68 -58.96Total Current Liabilities 0.29 352.71 526.30(Sundry Creditors) 0.00 -24.80 -24.80(Bank Borrowings) 0.00 -327.01 -500.00(Other current liabilities) -0.29 -0.90 -1.50Net Working Capital (NWC) 1.40 177.44 189.80


FORM V

COMPUTATION OF MAXIMUM PERMISSIBLE BANK FINANCE FOR WORKING CAPITAL


2008 2009 2010

1) Total Current Assets 1.69 530.15 716.09(9 in Form IV)

2) Other current Liabilities 0.29 25.70 26.30(other than Bank borrowing)(14 of Form IV)

3) Working Capital Gap 1.40 504.45 689.80(WCG) (1-2)

4) Minimum Stipulated net working capital 0.35 126.11 172.45I.e. 25% of WCG / 25% of total current assets as the case maybe depending upon the method of lending being applied(Export receivables to be excluded under both methods)

5) Actual/projected net working Capital 1.40 177.44 189.80(51 in Form III)

6) Item 3 minus item 4 1.05 378.34 517.35

7) Item 3 minus item 5 0.00 327.01 500.00

8) Maximum permissible Bank Finance 0.00 327.01 500.00(Item 6 or 7 whichever is lower)


Details of Working Capital Requirement

2007-08 2008-09 2009-10

a) Projected Gross sales 0.00 4,920.13 10,300.00b) Working Capital Gap (25% of gross sales) 0.00 1,230.03 2,575.00

0.00 246.01 515.00

d) Permissible Bank Finance (b - c) 0.00 984.03 2,060.00e) Bank Finance sought for by the borrower 0.00 327.01 500.00

0.00 4,920.13 10,300.00i) Debtors 0.00 334.18 467.03ii) Inventory 0.00 137.28 190.10iii) Advance & Other Current assets 1.69 58.68 58.96

1.69 530.15 716.09i) Trade Creditors 0.00 24.80 24.80ii) Other Current Liablities 0.29 0.90 1.50

0.29 25.70 26.301.40 504.45 689.801.40 177.44 189.80

Whichever is higher0.00 327.01 500.00

c) Less : Margin (5% of projected sales or projected NWC, which ever is higher)

a) Gross Sales

B) TOTAL (i+ii+iii)

C) TOTAL (i+ii)D) Working capital Gap (B-C)E) Project NWC or 20% of Working Capital Gap (Item D above),

F) PBF {D-E)


Details of Maximum Permissable Bank Finance

Gross Sale 0.00 4,920.13 10,300.00Projected Current Assets 1.68 530.14 716.09Projected Current Liabilities 0.29 25.70 26.30(other than Bank borrowing for WC)

(i) Working Capital Gap 1.39 504.44 689.79(ii) 25% margin on Current Assets 0.35 126.11 172.45(iii) Working Capital surplus 1.39 177.43 189.79

(iv) Item (i) minus Item (ii) 1.04 378.33 517.34(v) Item (i) minus Item (iii) 0.00 327.01 500.00(vi) Permissible Bank Finance 0.00 327.01 500.00

(vii) Excess borrowing, if any

For the Year ended 31st March 31.03.2008 (Audited)

31.03.2009 (Audited)

31.03.2010 (Proj.)

(Item (iv) or Item (v) whichever is less)


DETAILS OF HOLDING LEVEL

31.03.2008 31.03.2009 31.03.2010Raw MaterialsImported(Month’s consumption)Indigenous (Month’s consumption)

Consumable StoresImported (Months)Indigenous (Months)

Stock in Process (Month’s COP)

Finished Goods (Month’s COS) 0.00 137.28 190.10Cost of Sales 1.10 4817.57 10090.72

0.00 0.03 0.02

Receivables 0.00 334.18 467.03Sales 0.00 4920.13 10300.00Domestic (Month’s sales) #DIV/0! 0.07 0.05Export Sales (Months) 0.00 0.00 0.00

Creditors (Month’s purchase) 0.00 24.80 24.80Purchase 0.00 4950.14 10140.00

#DIV/0! 0.01 0.00


ANNEXURE - B

PROFITABILITY STATEMENT (Rs. In Lacs)

Audited Audited ProjectedFor the year ended / ending 2008 2009 2010

1 Gross Sales 0.00 4920.13 10300.00

2 Net Sales 0.00 4920.13 10300.00

3 Cost of Sales 1.10 4817.57 10090.72

4 Gross Profit 1.10 102.56 209.28

5 Gross Profit / Net Sales (%) #DIV/0! 2.08 2.03

6 Operating, Administrative, & Selling General Expenses 1.61 74.77 153.82

Interest7 Bank 0.00 22.72 37.50

Others 0.12 6.16 6.16

8 Operating Profit 2.83 1.09 11.80

9 Extra Ordinary Loss 0.00 0.00 0.00

10 Non-operating surplus / Deficit (+ / -) 1.06 5.48 5.36

11 Pre-Tax Profit / Loss 1.77 4.39 17.16

12 Provision for Tax 0.00 0.46 0.60

13 Net Profit / Loss 1.77 3.93 16.56

14 Profit distributed through : a) Equity Share - - - b) Preference Share - - -

15 Retained Profit 1.77 3.93 16.56

16 Depreciation 1.10 4.72 3.54

17 Cash Generation 0.67 8.65 20.10

18 PBDIT 0.55 37.99 64.35

19 PBIT 1.65 33.27 60.82

20 CE

21 Avg CE


ANNEXURE - C

STATEMENT OF FINANCIAL POSITION (Rs. In Lacs)

Balance Sheet as on Audited Audited Projected2008 2009 2010

1. FIXED ASSETS1.1 Gross Block 7.15 63.00 63.001.2 Depreciation 4.03 8.74 12.281.3 Net Block 3.12 54.26 50.72

2. CURRENT ASSETS2.1 Cash & Bank Balance 1.50 26.22 26.502.2 Sundry Debtors 0.00 334.18 467.032.3 Misc. Current assets 0.18 32.46 32.462.4 Sub-Total 1.68 392.86 525.99

2.5 Inventory 0.00 137.28 190.10

2.6 Sub-Total 1.68 530.14 716.09

3. CURRENT LIABILITIES3.1 Loans & Advances - - - 3.2 Sundry Creditors 0.00 24.80 24.803.3 i) Provision for Taxation 0.00 0.90 1.50

ii) Provision for Dividend - - - 3.4 Misc. Current Liability 0.29 0.00 0.003.5 Sub Total 0.29 25.70 26.30

3.6 Bank Borrowing 0.00 327.01 500.00

3.7 Sub Total 0.29 352.71 526.30

4. NET CURRENT ASSETS 1.39 177.43 189.79

5.79 1.50 1.36 5.79 20.63 27.23

5. Investment & Non-Current Assets 1.96 1.60 1.80

6.47 233.29 242.31

FINANCED BY :-6. LONG TERM LOANS

6.1 Secured Loans 0.75 5.94 3.006.2 Un-secured Loans 0.00 0.00 0.006.3 Non Current Liability 0.00 0.70 0.706.4 Sub Total 0.75 6.64 3.70

7. SHARE HOLDER'S FUND7.1 Equity Share Capital 9.80 24.80 44.807.2 Prefencial Share Capital - - - 7.3 Reserve & Surplus 4.05 1.34 13.827.4 Sub Total 5.75 23.46 58.62

7.5 Intangible Assets 0.02 0.00 0.00

7.6 5.73 226.66 238.62

6.48 233.30 242.32 0.01 0.01 0.01

0.18 1.38 0.510.18 1.59 2.22

Interst coverage ratio (PBDIT / Interest) #DIV/0! 1.40 1.55

CURRENT RATIO (2.6 / 3.7) >1.33QUICK RATIO (2.6 / 3.5)

TOTAL (1.3 + 4 + 5)

Tangible Net Worth (7.4 - 7.5)

TOTAL (6.4 + 7.6)

Debt / Equity Ratio (3.5 + 6.4) / 7.4TOL / TNW ((3.7 + 6.4) / 7.6)

Return on Capital Employed ( PBDIT / Capital Employed) 11.58 9.08 10.42


ANNEXURE - G

WORKING CAPITAL REQUIREMENT (Rs. In Lacs)

Year ending 31st March Audited Audited Projected2008 2009 2010

I) Sales (Gross) 0.00 4920.13 10300.00

ii) Cost of Production 0.00 4950.14 10140.00

iii) Cost of Sales 1.10 4817.57 10090.72

iv) Raw Material Consumption 0.00 4950.14 10140.00

v) % of Cost of Production to Sales #DIV/0! 100.61 98.45

vi) % of Cost of Sales to Sales #DIV/0! 97.92 97.97

vii) % of R.M. Consumption to COP #DIV/0! 100.00 100.00


WORKING RESULTS OF THE COMPANY

Particulars Year - I Year - II Year - III

2008 2009 2010

Gross Sales 0.00 4,920.13 10,300.00

Operating Profit -2.83 -1.09 11.80

Profit before tax -1.77 4.39 17.16

Net Profit -1.77 3.93 16.56

Cash Generation -0.67 8.65 20.10

Capital 9.80 24.80 44.80

Net-worth 5.75 226.66 238.62

Long Term Loan

Current Assets 1.69 530.15 716.09

Current Liabilities 0.29 25.70 26.30

(out of Which 0.00 327.01 500.00

Bank borrowing )


OPERATING & FINANCIAL PARAMETERS

Year ended 31.03.2008 31.03.2009 31.03.2010AUDITED AUDITED PROJECTED

Operating ParametersExport Sales 0.00 0.00 0.00Domestic sales 0.00 4920.13 10300.00Gross sales 0.00 4920.13 10300.00Net sales 0.00 4920.13 10300.00Growth in Gross sales (%) -100.00 #DIV/0! 109.34Cost of Sales 1.10 4817.57 10090.72Gross Profit -1.10 102.55 209.28GP/Net Sales (%) #DIV/0! 2.08 2.03

1.61 74.77 153.82Interest & Finance Charges 0.12 28.88 43.66Operating profit -2.83 -1.09 11.80Provision for earlier years 0.00 0.00 0.00Non operating Surplus 1.06 5.48 5.36Profit before tax -1.77 4.38 17.16Prov. For Tax 0.00 0.46 0.60Net Profit -1.77 3.93 16.56Equity dividend payment 0.00 0.00 0.00Retained profit -1.77 3.93 16.56Depreciation 1.10 4.72 3.54Cash Generation -0.67 8.64 20.10

Financial ParametersCapital 9.80 12.80 12.80Share Application Money 0.00 0.00 20.00

-4.05 10.66 25.82

5.75 23.46 58.62Intangible assets 0.02 0.00 0.00Tangible Net Worth 5.73 23.46 58.62Long Term Liabilities 0.75 209.84 183.70(Secured Loans – Car Loan) -0.75 -5.94 -3.00(Unsecured Loans) 0.00 -203.20 -180.00(Deferred Tax Liabilities) 0.00 -0.70 -0.70

7.15 63.00 63.00

3.13 54.26 50.72

1.96 1.60 1.80(Investments) 0.00 0.00 0.00Total Current Assets 1.69 530.15 716.09(Inventory) 0.00 -137.28 -190.10(Receivables) 0.00 -334.18 -467.03(Other Current Assets) -1.69 -58.68 -58.96Total Current Liabilities 0.29 352.71 526.30(Sundry Creditors) 0.00 -24.80 -24.80(Bank Borrowings) 0.00 -327.01 -500.00(Other current liabilities) -0.29 -0.90 -1.50Net Current Assets 1.40 177.44 189.80Current Ratio 5.87 1.50 1.36

Operating, Admin, Selling, Genl Expns

Reserves (Other than Revaluation Reserves)

Net Worth ( Net of Revaluation Reserves)

Gross Block (Ex. Revaluation Reserve)

Net Block (Ex. Revaluation Reserve)

Investments & Non-Current Assets

Debt Equity Ratio 0.18 1.38 0.51TOL / TNW Ratio 0.18 1.59 2.22


PROFIBILITY STATEMENT

For the year ended 31st March 2008 2009 2010

Audited Audited Projection

1 Gross sales 0.00 4920.13 10300.00

Growth(%age)

2 Net sales 0.00 4920.13 10300.00

3 Cost of goods sold(22 of Annex A) 1.10 4817.57 10090.72

4 Gross Profit -1.10 102.55 209.28

5 Gross Profit/Net sales (%)(4/2)

6 Operating, Administrative, 1.61 74.77 153.82

Selling & General Expenses

7 Interest 0.12 28.88 43.66

8 Operating Profit after Interest -2.83 -1.09 11.80

9 Non-operating surplus/Deficit (+/-) 1.06 5.48 5.36

10 Pre-Tax Profit/Loss -1.77 4.38 17.16

11 Provision for Taxation 0.00 0.46 0.60

12 Net Profit/Loss -1.77 3.93 16.56

13 Profit distributed through :

a) Equity Dividend

b) Preference Dividend

14 Retained Profit -1.77 3.93 16.56

15 Depreciation 1.10 4.72 3.54

16 Cash Generation -0.67 8.64 20.10

NON-OPERATING SURPLUS

Interest Income 0.00 0.00 0.00

Dividend Income

Profit on sale of Investment 0.00 0.00 0.00

Miscellaneous Income 1.06 5.48 5.36


OPERATING STATEMENT

Sr no. Year ended 31st March 2008 2009 2010

Audited Audited Projection

1 Gross sales 0.00 4920.13 10300.002 Net sales 0.00 4920.13 10300.003 Growth(%)4 Cost of Sales5 Purchase of raw material6 Add opening stock7 Less closing stock8 RM Consumed(5+6-7)9

10 Manufacturing Expenses11

12 Production Wages13

14 Depreciation 1.10 4.72 3.5415 Sub-total(8+10+12+14) 1.10 4.72 3.5416 Add opening stock of WIP17 Less closing stock of WIP18 1.10 4.72 3.54

19 Add purchase of FG 0.00 4950.14 10140.0020 Add opening stock of FG 0.00 0.00 137.2821 Less closing stock of FG 0.00 137.28 190.1022 1.10 4817.57 10090.72

RM Consumed as % of COP(8/18)

Manufacturing Expenses/COP(%)(16/24)

(Prod. wage as % of COP)(18/24)

Cost of Production(COP)(15+16-17)

Cost of Sales (COS) (18+19+20-21)


BRIEF FINANCIAL

Parameter Actuals Actuals Projections

Capital 9.80 24.80 44.80Reserves -4.05 -1.34 13.82Unsecured Loans 0.00 203.20 180.00Long Term LiabilitiesBank Borrowings 0.00 327.01 500.00Other Current Liabilities 0.29 25.70 26.30Fixed Assets 3.13 54.26 50.72Current Assets 1.69 530.15 716.09Gross Sales 0.00 4920.13 10300.00Gross Profit -1.77 4.38 17.16Net Profit -1.77 3.93 16.56Current Ratio 5.87 1.50 1.36Debt Equity Ratio 0.18 1.38 0.51TOL/TNW 0.18 1.59 2.22


COMPUTATION OF PERMISSIBLE BANK FINANCE (Rs. In Lacs)

Year ending 31st March Audited Audited Projected

31.03.2008 31.03.2009 31.03.2010

I) Working Capital Gap 1.39 504.44 689.79

ii) 25% margin on Current Assets 0.35 126.11 172.45

iii) Projected Working Capital Surplus 1.39 177.43 189.79

iv) Item (I) minus item (ii) 1.04 378.33 517.34

v) Item (I) minus item (iii) 0.00 327.01 500.00

vi) Permissible Bank Finance 0.00 327.01 500.00(Item (iv) or item (v) whichever is Less)

Details of Share holding as on 31.03.2008

Name of Holder% of

Share Holdings

Anup Killa 100 0.078Anup Killa & Sons 9,800 7.656Ram Autar Killa 50,100 39.141Arpana Killa 37,500 29.297Satya Bhama Killa 500 0.391Amar Agarwal 30,000 23.438

128,000 100.00

0 0.00

128,000 100.00

No. of Shares

TRINEAS COMMERCE PVT. LTD.

List of Shareholders as on 30.09.2009

Sl.No. Name of the Shareholder No. of Shares Total No. of Shares

1 Promoter’s HoldingDEMO AGARWAL 50100DEMO1 AGARWAL 9900DEMO3 AGARWAL 37500DEMOI4 AGARWAL 500 98000

2 Persons Acting in Concert1. Niraj Fiscal Services Pvt. Ltd. 150002. Anupam Advisory Pvt. Ltd. 15000 30000

128000

2006 2007 2008 2009

A. FINANCIAL RISK 2006 TOTAL SCORE 24 24 24 24Total Achivement #DIV/0! #DIV/0! #DIV/0! 14

1 Current Ratio 9.4 1.2 5.79 1.5Sl No. PARAMETERS SCORE SCORE SCORE SCORE

1 Ratio more than 1.33 6 6 6 62 Ratio 1.33 or less & up to 1.30 5 5 5 53 Ratio 1.30 or less & up to 1.25 4 4 4 44 Ratio 1.25 or less & up to 1.17 3 3 3 35 Ratio less than 1.17 0 0 0 0

Achivement 6 3 6 6

2 TOL/TNW 0.4 0.45 0.18 1.59Sl No. PARAMETERS SCORE SCORE SCORE SCORE

1 Ratio less than 3.00 6 6 6 62 Ratio ranging from 3.00 to 4.00 5 5 5 53 Ratio ranging from 4.00 to 5.00 3 3 3 34 Ratio ranging from 5.00 to 7.50 2 2 2 25 Ratio more than 7.50 0 0 0 0

Achivement 6 6 6 6

3 INTEREST COVERAGE RATIO (PBDIT / INT #DIV/0! #DIV/0! #DIV/0! 1.4Sl No. PARAMETERS SCORE SCORE SCORE SCORE

1 More than 3.00 6 6 6 62 More than 2.50 and upto 3.00 5 5 5 53 More than 1.75 and upto 2.50 3 3 3 34 More than 1.50 and upto 1.75 2 2 2 25 1.50 or less 0 0 0 0

Achivement #DIV/0! #DIV/0! #DIV/0! 0

3 Return on Capital Employed (PBDIT / Capit 15.66 3.41 -11.58 9.08 (Capital Employed = Capital + Reserves & Surplus (net of Revaluation

Reserve) + Long term debt-Investment in subsidiary / Associated Companies)

Sl No. PARAMETERS SCORE SCORE SCORE SCORE1 18% and above 6 6 6 62 Below 18% but upto 15% 5 5 5 53 Below 15% but upto 12% 3 3 3 34 Below 12% but upto 8% 2 2 2 25 Below 8% 0 0 0 0

Achivement 5 0 0 2

2010

2416

1.36SCORE

65430

6

2.22SCORE

65320

6

1.55SCORE

65320

2

10.42

SCORE65320

2

A. FINANCIAL RISK 2007 TOTAL SCORE 24Total Achivement #DIV/0!

1 Current Ratio 1.2Sl No. PARAMETERS SCORE

1 Ratio more than 1.33 62 Ratio 1.33 or less & up to 1.30 53 Ratio 1.30 or less & up to 1.25 44 Ratio 1.25 or less & up to 1.17 35 Ratio less than 1.17 0

Achivement 3

2 TOL/TNW 0.45Sl No. PARAMETERS SCORE

1 Ratio less than 3.00 62 Ratio ranging from 3.00 to 4.00 53 Ratio ranging from 4.00 to 5.00 34 Ratio ranging from 5.00 to 7.50 25 Ratio more than 7.50 0

Achivement 6

3 INTEREST COVERAGE RATIO (PBDIT / INTEREST) #DIV/0!Sl No. PARAMETERS SCORE

1 More than 3.00 62 More than 2.50 and upto 3.00 53 More than 1.75 and upto 2.50 34 More than 1.50 and upto 1.75 25 1.50 or less 0

Achivement #DIV/0!

3 Return on Capital Employed (PBDIT / Capital Employed) 3.41 (Capital Employed = Capital + Reserves & Surplus (net of Revaluation

Reserve) + Long term debt-Investment in subsidiary / Associated Companies)

Sl No. PARAMETERS SCORE1 18% and above 62 Below 18% but upto 15% 53 Below 15% but upto 12% 34 Below 12% but upto 8% 25 Below 8% 0

Achivement 0

Documents

Demo Balance Sheet 2010