Projected Balance Sheet AMZ

AMAZING PRINTS MEDIA PVT. LTD.B-100, Ist FLOOR, NARAINA INDUSTRIAL AREA

PHASE-1, NEW DELHI-110028

BALANCE SHEET AS ON 31/03/2010

PARTICULARS SCHEDULE AMOUNT AMOUNTAS ON 31/03/2010 AS ON 31/03/2009

(A) SOURCES OF FUNDS(I) SHARE HOLDER'S FUNDS

Authorised Capital 1,00,000 Shares of Rs.10 each 1,000,000.00 1,000,000.00

PAID UP CAPITAL "I" 1,000,000.00 1,000,000.00

(II) RESERVES & SURPLUS "II" 1,561,298.99 -

(III) SECURED LOANS "IIl" 403,371.00 1,948,699.60

(IV) UNSECURED LOANS "IV" 1,110,399.00 3,526,707.00

DEFERRED TAX LIABILITIES 171,246.00 171,246.00

4,246,314.99 6,646,652.60 (B) APPLICATION OF FUNDS(I) FIXED ASSETS

Gross Block "V" 13,943,155.31 13,453,104.31 5,492,471.00 4,137,498.00

8,450,684.31 9,315,606.31

(II) INVESTMENTS "VI"FDR'S 0 - 1,030,000.00 Interest accured on FDR 0 193,145.00

(III) CUREENT ASSETS, LOANS& ADVANCESAdvances & Deposits "VII" 1,552,360.07 1,448,191.92 Inventory 895,000.00 4,704,250.00 Sundry Debtors "VIll" 11,731,215.43 3,177,791.60 Cash & Bank Balances "lX" 490,554.29 241,985.39

14,669,129.79 9,572,218.91

PROVISIONSCurrent Liabilities & Provisions "X" 18,883,545.11 13,494,279.00 NET CURRENT ASSETS - 4,214,415.32 (3922060.09)

PROFIT & LOSS ACCOUNT "II" - 9,871.38

(IV) MISCELLANEOUS ASSETS Preliminary Exp. 10,046.00 20,090.00 (To the extent not written off)

Total 4,246,314.99 6,646,652.60 - 0.00 -

(DIRECTOR) (DIRECTOR)

Less : Depreciation

LESS : CURRENT LIABILITIES &

AMAZING PRINTS MEDIA PVT. LTD. B-100, Ist FLOOR, NARAINA INDUSTRIAL AREA


PROFIT & LOSS A/C FOR THE PERIOD ENDED ON 31/03/2010

INCOME SCHEDULE CURRENT YEAR Ratio PREVIOUS YEAR Ratio AS AT 31/03/10 AS AT 31/03/09

Sales "XI" 43,374,186.00 100.00 21,952,377.00

Other Income "XII" 106,794.59 0.25 102,577.00

43,480,980.59 22,054,954.00

EXPENDITURE

Manufacturing & Operating Expenses "XIII" 34,898,396.93 80.46 17,433,057.40

Administrative Expenses "XIV" 2,395,148.86 5.52 1,041,310.41

Personnel Expenses "XV" 2,023,622.00 4.67 928,515.00

Financial Charges "XVI" 249,928.26 0.58 596,140.45

Director Remuneration 396,000.00 0.91 396,000.00

Profit/(Loss) before Depreciation & Tax 3,517,884.54 8.11 1,659,930.75

Depreciation 1,354,973.00 3.12 1,531,031.00

Profit/(Loss) before Tax 2,162,911.54 4.99 128,899.75

Provision for Tax Expenses 591,741.18 42,933.00

Provision for Fringe Benefit Tax - 11,291.20

Short Provision of Income Tax - -

Profit after tax Exp. 1,571,170.36 3.62 74,675.55




"Schedule-I"

SHARE CAPITAL ANNEXED TO & FORMING PART OF BALANCE SHEET AS ON 31/03/2010

PARTICULARS AS AT 31/03/10 AS AT 31/03/09

AUTHORISED SHARE CAPITAL (1,00,000 Shares of Rs.10 each) 1,000,000.00 1,000,000.00

Issued, Subscribed & Paid up Capital(1,00,000 Shares of Rs.10 each) 1,000,000.00 1,000,000.00

1,000,000.00 1,000,000.00

"Schedule-II"

SCHEDULE OF RESERVE & SURPLUS ANNEXED TO AND FORMING PART OF BALANCE SHEET AS ON 31/03/2010


Opening Balance B/f - 9,871.37 - 84,546.92

Profit Trf. From Profit & Loss A/c 1,571,170.36 74,675.55

1,561,298.99 (9871.37)

"Schedule-III"

SCHEDULE OF SECURED LOANS ANNEXED TO AND FORMING PART OF BALANCE SHEET AS ON 31/03/2010


Citi Corp.Finance Limited (For Machinery) 403,371.00 1,369,744.00

Icici Bank Ltd (HPXL JET Machine) - 578,955.60

403,371.00 1,948,699.60




"Schedule-IV"

SCHEDULE OF UNSECURED LOANS ANNEXED TO AND FORMING PART OF BALANCE SHEET AS ON 31/03/2010


HDFC (Business Loan) - 17,101.00 131,207.00

Harbhajan Singh 137,000.00 2,484,000.00

Harleen Kaur 930,500.00 851,500.00

Sanjay Dua 60,000.00 60,000.00

1,110,399.00 3,526,707.00




"Schedule-VI" SCHEDULE OF INVESTMENTS ANNEXED TO

AND FORMING PART OF BALANCE SHEET AS AT 31/03/2010


Fixed Deposit - 1,030,000.00

- 1,030,000.00

"Schedule-VII"

SCHEDULE OF CURRENT ASSETS, LOANS AND ADVANCES AND DEPOSITS ANNEXED TO AND FORMING PART OF BALANCE SHEET AS AT 31/03/2010


CURRENT ASSETS: Deposits with Revenue Authorities Vat Receivable on Capital Goods 1,645.00 108,728.00

Vat Input 84,842.01 19,061.00

Income Tax Refundable (AY 2007-08) - 367,353.33

TDS (AY 2010-11) 646,874.47 -

Tds On Interest on loan - -

Income Tax Refundable (AY 2008-09) - 372,660.00

TDS (AY 2009-10) 391,311.59 353,346.59

Fringe Benefit Tax (F.Y 2008-09) - 3,025.00

FBT Refundable (A.Y.08-09) 2,018.00 2,018.00

(A) 1,126,691.07 1,226,191.92 OthersPrepaid Insurance - -

(B) - - LOANS AND ADVANCES:

Ramesh Chand Tuteja 200,000.00 -

Advance to Supplier

Subham Services 3,669.00

(C) 203,669.00 - Security Deposits Security B-100 NIA (Rent) 222,000.00 222,000.00

(D) 222,000.00 222,000.00

TOTAL (A)+(B)+(C )+(D) 1,552,360.07 1,448,191.92

"Schedule-VIII"

SCHEDULE OF SUNDRY DEBTORS ANNEXED TO & FORMING PART OF BALANCE SHEET AS AT 31/03/10


More than Six Months -

Less than Six Months 11,731,215.43 3,177,791.00

11,731,215.43 3,177,791.00

"Schedule-IX" CASH & BANK BALANCES ANNEXED TO & FORMING PART

OF BALANCE SHEET AS ON 31/10/2010


Cash in hand 275,130.00 143,745.00

Punjab National Bank 77,512.17 75,937.17

HDFC Bank Ltd. 137,912.01 22,303.22

490,554.18 241,985.39

(DIRECTOR) (DIRECTOR) AMAZING PRINTS MEDIA PVT. LTD.

B-100, Ist FLOOR, NARAINA INDUSTRIAL AREA PHASE-1, NEW DELHI-110028

"Schedule-X"

SCHEDULE OF CURRENT LIABILITIES & PROVISIONS ANNEXED TO & FORMING PART OF BALANCE SHEET AS ON 31/03/2010

PARTICULARS AS AT 31/03/10 AS AT 31/03/09 CURRENT LIABILITIES

SUNDRY CREDITORS (As per Annexure to Schedule "X") 15,944,292.01 12,163,091.65

HDFC BANK LTD - -

ING Vysya Bank Ltd. 1,649,622.92 700,196.15

STATUTORY LIABILITES TDS on Contractor 2,639.00 1,985.00

TDS on Commission 9,500.00 -

TDS on Professional Charges 4,833.00 2,840.00

TDS on Interest on loan 29,298.00

TDS on Rent - 3,399.00

TDS on Director Remuneration 3,000.00 -

TDS on Salary 1,200.00 -

Cst 12.5% - -

Cst payble - 70,000.00

ADVANCE FROM CUSTOMERS

Bharti Airtel Ltd- Delhi - 154.00

Serenade Entertainment Works - 7,523.00

Shree Om Enterprises Pvt Ltd - 3,230.00

Global Sign India - 268,993.00

C216

abc: Only one receipt and no other transaction

D216

abc: Only one receipt and no other transaction

EXPENSES PAYABLE Salary 136,421.00 87,950.00

Audit Fee 27,300.00 24,735.00

Telephone 3,921.00 6,239.00

Directors Remuneration Payable 381,000.00 121,000.00

Water - 8,375.00

Commission 85,500.00 -

Total (A) 18,278,526.93 13,469,710.80 PROVISIONS Provision for Income Tax 605,018.18 13,277.00

Provision for Fringe Benefit Tax - 11,291.00 Total (B) 605,018.18 24,568.00

Total (A+B) 18,883,545.11 13,494,278.80




"Annexure to Schedule-X"

SCHEDULE OF SUNDRY CREDITORS ANNEXED TO & FORMING PART OF BALANCE SHEET AS ON 31/03/2010


Apurv Enterprises 268,400.00 468,400.00

Arrow Coated Products Ltd. 47,842.50 47,842.50

Delhi Petro Chemical Works 343961 0

Ekam Advertising- 1739920 0

Ganesh Trading Company 592,980.00 659,880.00

Arrow Digital Pvt. Ltd. 14,779.15 15,735.15

Barun Trading Co. 17,055.00 -

R.J.Enterprises 7,876.00 3,900.00

R.K.Enterprises - 4,212.00

Dev Plastics - 10,920.00

Garg Impex - 464,786.00

Hindustan Coats & Chem. 953,165.00 1,082,363.00

Hindustan Synthetic - 524,808.00

Jai Maa Ambay Enterprises 737,000.00 737,000.00

Micro Max Media Pvt. Ltd. 428,991.00 973,824.00

Mono Sign Systems - 206,164.00

Insight Print Communications Pvt. Ltd. 869,866.20 193,232.00

J.D Commercial Pvt Ltd 1,050,000.00

Kapoor Imaging Pvt. Ltd. 6,319.00 6,319.00

Kuldip Enterprises India Ltd. - 180,474.00

Prakash Distributors 117.00

Mahadev Fright Movers 14,460.00

Mono Signs Systems 396,916.00

Neenu Plastic - 210,836.00

Nitesh Enterprises 460,419.00 460,419.00

Plasto India Pvt Ltd 1,780,037.06

Subhawana Enterprises 529,950.00 529,950.00

Renee Plastics - 98,420.00

Sarswati Trading Company 1,075,880.00 1,075,880.00

Royal Plastic House 12,600.00 88,606.00

Sedna Impex Pvt. Ltd 143,801.00 -

Shree Ram Rai Tempo Services 14,153.00

Skylark Express 45,270.00

Shree Balaji Enterprises 292,350.00 292,350.00

S.K.Plastic - -

Shri Ram Traders 985,700.00 985,700.00

Aadhar Technology Pvt.Ltd. 1,047,280.00 1,047,280.00

Sun Sign & Technologies 1,680,401.00 1,564,387.00

Swastik Sales 131,599.10

Tanya Enterprises 230,572.00 48,371.00

Taneja Digital Solution - 94,349.00

Varun Plastic - 8,939.00

Other than Goods

Goel Security Services - 14,660.00

Subam Services -

Disha Consultancy Services 15,934.00 4,628.00

Exim Planners & Travels - 19,020.00

Airex Logistics & Express Services Pvt. Ltd. 8,698.00 39,437.00

15,944,292.01 12,163,091.65

"Schedule-XI" SALES ANNEXED TO & FORMING PART

OF PROFIT & LOSS A/C FOR THE YEAR ENDED 31/03/2010


Central SalesCentral Work Contract Sales @4% 1,490,456.00 5,404,106.00

Central Sales @ 12.5% 61,788.00 1,170,947.00

Central Sale @ 5% 4718978

Central Sales @ 4% 10,588,431.00 2,942,783.00

Local Sales Local Sales @ 4% 2,222,161.00 2,764,830.00

Local Sales @ 5% 7,288,577.00

Local Sales @ 12.5% 3,811,232.00 5,101,969.00

Work Contract @ 4% 13,192,563.00 4,567,742.00

43,374,186.00 21,952,377.00 50.61


"Schedule-XII" OTHER INCOME ANNEXED TO & FORMING PART

OF PROFIT & LOSS A/C FOR THE YEAR ENDED 31/03/2010


Discount & Deduction 14,877.92 14,187.00

Packing charges 3,000.00

Interest on Income Tax Refund 91,916.67 -

Interest on FDR 85,390.00

106,794.59 202,482.99

"Schedule-XIV"

ADMINISTRATIVE EXPENSES ANNEXED TO & FORMING PART OF PROFIT & LOSS A/C FOR THE YEAR ENDED 31/03/2010


Audit Fee 33,173.00 27,575.00

Deduction & Discount 31,190.80 22,302.00

Transportation & Fitting 46,950.00 13,720.00

Commission Paid 375,186.00 185,537.00

Tour & Travelling Expenses 159,260.00 1,544.00

Legal Expenses 10,000.00 110.00

Telephone Expenses 100,871.00 93,750.00

Mobile Expenses - 2,296.00

Bad Debts 16,275.00 34,738.00

Carriage Outward 6,300.00

Computer Repair & Maintenance 84,660.00 108,325.00

Advertisement 5,000.00

Printing & Stationery 27,353.00 23,193.00 Loading & Unloading Charges 610.00

Conveyance Expenses 111,470.00 49,534.00

Office Repair & Maintenance 40,806.00 1,352.00

Repair & Maint. Machine 330,900.00 -

Labour Charges 93,885.00

Hire Charges 28,000.00

Professional Charges 5,515.00 19,635.00

Recruitment Expenses 25,215.00 6,740.00

Misc. Expenses 1,943.00

DVAT Demand ( A.Y 2006-07) 356,180.00

Water Expenses 18,150.00 8,375.00

Courier Expenses 476,188.72 401,492.00

WCT Centeral 4% Exp. 16,174.00

Preliminary Expenses Written Off 10,044.00 10,044.00

Website Expenses 3,933.00 -

Filling Fees 6,900.00 114.00

TDS Written Off (A.Y. 2008-09) 234.83

Short and Excess 3,043.34 672.58

2,395,148.86 1,041,310.41

"Schedule-XV"

PERSONNEL EXPENSES ANNEXED TO & FORMING PART OF PROFIT & LOSS A/C FOR THE YEAR ENDED 31/03/2010


Salary & Wages 1,914,690.00 920,833.00

Staff Welfare 108,932.00 7,682.00

2,023,622.00 928,515.00

"Schedule-XVI"

FINANCIAL CHARGES ANNEXED TO & FORMING PART OF PROFIT & LOSS A/C FOR THE YEAR ENDED 31/03/2010


Interest on Secured Loans 137,733.40 557,029.43

Interest On unsecured loan 7,707.00 -

Interest Paid 1,636.00

Loan Pocessing Fees 98,270.00

Interest on Business Loan - 34,155.00

Banking Cash Transaction Tax - 1,176.94

Bank Charges & Interest 4,581.86 3,779.08

249,928.26 596,140.45



PHASE-1, NEW DELHI-110028 "Schedule-XIII"

MANUFACTURING & OPERATING EXPENSES ANNEXED TO AND FORMING PART OF THE PROFIT & LOSS ACCOUNT AS ON 31/03/2010

PARTICULARS AS ON 31/03/2010 AS AT 31/03/09

COST OF GOODS SOLD

Opening Stock 4,704,250.00 1,723,888.40 Add : Purchases

Purchases central 1,984,971.00 - Purchases -12.5% 1,105,960.50 15,602.00 Purchases -4% 19,621,130.55 19,548,013.00 Purchases -5% 7,577,724.88

30,289,786.93 19,563,615.00 34,994,036.93 21,287,503.40

Less : Closing Stock 895,000.00 4,704,250.00

34,099,036.93 16,583,253.40

Add : Manufacturing & Operating Exp.Carriage Inward 95,170.00 16,030.00 Factory Security 172,605.00 Machinery Repair & Maintenance 17,641.00 7,854.00 Packing & Forwarding Charges 4,744.00 - Fright Charges 60,195.00 Insurance of Machine 7,721.00 12,850.00 Insurance of Stock 1,544.00 Factory Rent 181,545.00 300,815.00 Electricity Expenses 430,800.00 339,650.00

34,898,396.93 17,433,057.40

( DIRECTOR ) ( DIRECTOR )

AMAZING PRINTS MEDIA PVT. LTD.Reg. Office: B-100, Nariana Industrial Area, Phase-I, New DeELHI-55

WORKS & ADMN. OFFICE: B-100, NARAINA INDUSTRIAL AREA, NEW DELHI-28.(As per Companies Act)

SCHEDULE OF FIXED ASSETS ANNEXED TO AND FORMING PART OF BALANCE SHEETAS ON 31.03.2010

ANNEXURE -"V"

GROSS BLOCK DEPRECIATION NET BLOCK

Particulars As on Additions As on Up to For the Up to As on As on 01.04.09 during 31.03.2010 31.03.09 Current 31.03.2010 31.03.2010 31.03.09

the year period

Computers 233,624.00 93,000.00 326,624.00 152,991.00 40,183.00 193,174.00 133450.00 80,633.00 PLANT & MACHINERYA/CHP.DNJ.5500PS60" 745,192.31 - 745,192.31 288,745.00 63,492.00 352,237.00 392955.31 456,447.31 HP COLUOR SCANER 3110 8,500.00 8,500.00 136.00 136.00 8364.00 - HP DESIGN JET 9000S 3,000,000.00 - 3,000,000.00 596,927.00 334,267.00 931,194.00 2068806.00 2,403,073.00 INROLL AIR COMPRESSOR 58,000.00 - 58,000.00 20,190.00 5,259.00 25,449.00 32551.00 37,810.00 INJET PRINTER MACHINE 780,000.00 - 780,000.00 164,133.00 85,667.00 249,800.00 530200.00 615,867.00 MACHINERY TOOLS 49,920.00 - 49,920.00 3,862.00 6,407.00 10,269.00 39651.00 46,058.00 AIR CONDITIONER 1.5 TON 129,577.00 59,176.00 188,753.00 39,708.00 14,749.00 54,457.00 134296.00 89,869.00 FANS 2,200.00 - 2,200.00 759.00 200.00 959.00 1241.00 1,441.00 HPXL1500 INKJET-8 PRINT 8,277,947.00 - 8,277,947.00 2,827,819.00 758,113.00 3,585,932.00 4692015.00 5,450,128.00 SARVO MOTOR 50KVA 55,200.00 - 55,200.00 19,152.00 5,014.00 24,166.00 31034.00 36,048.00 UPS 5KVA ONLINE 93,666.00 - 93,666.00 16,753.00 24,610.00 41,363.00 52303.00 76,913.00 WATER COOLER 22,778.00 - 22,778.00 5,724.00 2,372.00 8,096.00 14682.00 17,054.00 Seaming Machine - 329,375.00 329,375.00 - 13,911.00 13,911.00 315464.00 - CAMERA 5,000.00 - 5,000.00 735.00 593.00 1,328.00 3672.00 4,265.00 Total 13,453,104.31 490,051.00 13,943,155.31 4,137,498.00 1,354,973.00 5,492,471.00 8,450,684.31 9,315,606.31

Details of AdditionCOMPUTERDate of Addition Amount Tax Air Conditioner

30.10.2009 30,000.00 5,030.00 Date of Addition Amount Tax18.02.2010 63,000.00 2,899.73 9.7.2009 17,438.00 764.00

93,000.00 7,929.73 26-7-2009 10,575.00 395.00 26-07-2009 6,863.00 256.00 3.08.2009 24,300.00 833.00

Seaming Machine 59,176.00 2,248.00 Date of Addition Amount Tax

1.07.2009 155,000.00 7,266.00 22.12.2009 174,375.00 6,645.00

329,375.00 13,911.00

H.P ColourDate of Addition Amount tax18.02.2010 8500 136.00

8500 136.00

( DIRECTOR ) ( DIRECTOR )

AMAZING PRINTS MEDIA PVT LTD.Reg. Office: B-100, Nariana Industrial Area, Phase-I, New DELHI-55

WORKS & ADMN. OFFICE: B-100, NARAINA INDUSTRIAL AREA, NEW DELHI-28.( As per Income Tax Act)

SCHEDULE OF FIXED ASSETS AS PER INCOME TAX ACT

FOR Period Upto 31/03/2010Particulars Rate of WDV As on Additions TOTAL DEPRECIATION WDV As on

Dep. 01.04.09 during the year 31.10.09Before After

3-Oct-09 3-Oct-09Air Condition 15% 84,615.00 59,176.00 - 143,791.00 21,568.00 122,223.00

Computers 60% 32,075.00 - 93,000.00 125,075.00 47,145.00 77,930.00

Camera 15% 3,931.00 - - 3,931.00 590.00 3,341.00

Fans 15% 1,351.00 - - 1,351.00 203.00 1,148.00

Machine Tools 15% 42,432.00 - - 42,432.00 6,365.00 36,067.00

HP Designjet 9000s 15% 2,167,500.00 - - 2,167,500.00 325,125.00 1,842,375.00

HP Colour Scanner 3110 15% - 8,500.00 8,500.00 637.50 7,863.00

HP DNJ 5500 15% 439,328.00 - - 439,328.00 65,899.00 373,429.00

HPxl 1500inkjet-8 colour printer 15% 5,083,694.00 - - 5,083,694.00 762,554.00 4,321,140.00

Ingersoll Rand Air Compressor 15% 35,619.00 - - 35,619.00 5,343.00 30,276.00

Solvent injet Printing Machine 15% 563,550.00 - - 563,550.00 84,533.00 479,017.00

Servo Motor 50 KVA 15% 33,900.00 - - 33,900.00 5,085.00 28,815.00

UPS 15% 72,652.00 - - 72,652.00 10,898.00 61,754.00

Water Cooler 15% 16,457.00 - - 16,457.00 2,469.00 13,988.00

Seaming Machine 15% - 155,000.00 174,375.00 329,375.00 23,250.00 306,125.00

Total 8,577,104.00 214,176.00 275,875.00 9,067,155.00 1,361,664.50 7,705,491.00

Details of Addition Air ConditionerSeaming Machine Date of Addition Amount TaxDate of Addition Amount Tax 9.7.2009 17,438.00 2,616.00

1/7/2009 155,000.00 23,250.00 26-7-2009 10,575.00 1,586.00 12/22/2009 174,375.00 13,078.00 26-07-2009 6,863.00 1,029.00

155,000.00 23,250.00 3.08.2009 24,300.00 3,645.00

59,176.00 8,876.00

COMPUTERDate of Addition Amount Tax

30.10.2009 30,000.00 9,000.00 18.02.2010 63,000.00 18,900.00

93,000.00 27,900.00

H.P ColourDate of Addition Amount tax

18.02.2010 8500 637.50 8500 637.50


PHASE-1, NEW DELHI-110028 SCHEDULE OF SUNDRY DEBTORS AS ON 31/03/2010

Particulars AS AT 31.03.2010 AS AT 31.03.2009 More Than Less Than More Than Less Than Six Months Six Months Six Months Six Months

Sundry Debtors21st Century 4,312.00 20,381.00 Bharti Airtel Limited (Haryana) 570,920.00 Bharti Airtel Limited (Lucknow-UP East) 25,206.00 Bharti Airtel Limited (Shimla) 976.90 Creative Solutions 268,307.70 314,348.70 Ekam Advertising 509,407.00 337,639.00 Frames 24 Communication Pvt. Ltd. 24,795.00 Fair Farm Display System Pvt Limited 21,366.00 Godfrey Philips India Ltd. 6,332,755.31 442,854.00 Global Signs India 176,633.00 Heunan Hospitality Pvt. Ltd. 8,528.00 Idea Cellular Ltd. (Lucknow) 449,849.00 Insight Print Comm. Pvt Ltd 9,720.00 Immersion Advertising 275,858.00 Kerla Ayurveda Ltd. 529.00 529.00 Keizen Signs 2,269.00 Kuldeep Enterprises India Ltd 41,942.42 Mail Today Newspaper Pvt Ltd 53,760.00 North Delhi Power Limited 30,746.00 Roop Sign & GraFics Pvt Ltd 116,206.00 Stragatic Design Pvt LTD 227.00 Simran Enterprises 2,957.00 9,547.00 Sun Sign Technologies 405.00 Sistema Shyam Teleservice Ltd 990,811.00 S. Tel Private Limited 1,175,736.00 Tata Teleservices Limited (Shimla) 25,829.00 Tata Teleservices Limited (Haryana) 16,322.00 140,050.00 Tata Teleservices Limited (Mohali) 110,188.00 83,292.00 Tata Teleservices Limited Docomo (Punjab) 772,217.00 Tata Teleservices Limited Docomo (HRY) 30,273.00 TBWA Anthen Pvt. Ltd. 3,404.00 Touch Wood Entertainment Ltd. 4,689.00 174,639.00 V.k Mahlothra Addgraph 5,631.00 Venus Conferences & Exhibitions Pvt. Ltd. 99,219.00 283,933.00 Vodafone Essar South Ltd. (Punjab) 6,289.00 582,099.00 Vodafone Essar South Ltd. (UPW) 3,159.00 Vodafone Essar Digilink Ltd ( lucknow) 320,019.00 Vodafone Essar Spacetel Ltd ( Ahmedabad) 604,831.00

Total - 11,731,215.43 - 3,754,388.60



ANNEXURE TO TAXES ANNEXED & FORMING PART TO NOTES TO ACCOUNTFOR THE FINANCIAL YEAR ENDING ON 31/03/10

RECONCILIATION OF ACCOUNTING PROFIT AND TAXABLE PROFIT

Profit Before tax expenses (As per P & L A/c) 2,162,911.54

Preliminary Expenses W/off 10,044.00 10,044.00 2,172,955.54

Disallowable Sales Tax demand 356,180.00 356,180.00 2,529,135.54

Current Depreciation 20,735.00 Expenses Allowed 235947.00 256,682.00

2,272,453.54

357,436.00

Taxable Profit 1,915,017.54 R/off 1,915,020.00

CURRENT TAX EXPENSESCurrent Tax Expenses on Taxable Income 591,741.18

591,741.18

DEFERRED TAXDEFERRED TAX ASSETS/LIABILITIESThe company has adopted Accounting Standard 22 "Accounting for Taxes on income" with effect from Deferred Tax Liabilities as on 1st April 2008 141,590.00 DURING THE YEAR(A) DepreciationOpening Balance as on 01.04.2008 221,790.00 During the yearAs per books 1,531,031.00

Allowable as per I.T.Act 1,551,766.00 Timing Difference 20,735.00

Deferred Tax Liabilities Created 6,407.00

Closing Balance as on 31.03.2009 DTL /(DTA) 228,197.00 (B) Deferred Tax LiabilitesOpening Balance as on 01.04.2008 191,492.00

Less: Reverseal During the year 110,060.00

Closing Balance as on 31.03.2008 DTL /(DTA) 81,432.00

Add: Permanent Differences

Add: Timing Differences

Less: Timing Differences

Less: Unabosorbed Depreciation Set off

(D) on account of Unabsorbed DepreciationOpening Balance as on 01.04.2008 222,495.00

110,448.00 112,047.00

(D) on account of MATDuring the year 591,741.18

Deferred Tax Assets Created 591,741.18

Deferred Tax Liability(Assets) - 584,946.18

Tax Expenses 6,795.00


Less: Reversel During the year



CHART SHOWING THE RECOGNISATION OF DEFERRED TAX ASSETS(DTA)/DEFERRED TAX LIABILITY(DTL) AS ON 31/03/08

PARTICULAR DTA/DTL OPENING ORIGINATING REVERAL DURINGDURING THE YEAR THE YEAR

Deferred Tax Liabilities DTL 191,492.00 - 75,522.00

Depreciation DTL 221,790.00 6,407.00 -

on Account of Unabsorbed Depeciation DTA 222,495.00 - 112,048.00

ON Account of MAT DTA 49,197.00 13,277.00 -

Net (DTL)\DTA 141,590.00 - 6,870.00 36,526.00

105,178.00

(DIRECTOR)



CHART SHOWING THE RECOGNISATION OF DEFERRED TAX ASSETS(DTA)/DEFERRED TAX LIABILITY(DTL) AS ON 31/03/08

CLOSING

115,970.00

228,197.00

110,447.00

62,474.00

171,246.00

(DIRECTOR)

Documents

Projected Balance Sheet AMZ