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M/S. PLAS MECH POWER SYSTEM (INDIA) PVT. LTD.

NEW DELHI

Year Ended :- 31.03.2008 Status : PVT. LTD. CO.


Assessment Year :- 2008-2009 P. A. No. : AAACP1410 G

COMPUTATION OF F. B. T. :-
EXP. TAXABLE UNDER F.B.T. :-

Sr. No. Iterm Percentage Q. I Q. II Q. III Q. IV TOTAL


Amount Valuation Amount Valuation Amount Valuation Amount Valuation Amount Valuation
1 CAR 272,633.00
Rep. & Maint. 100,151.00
Insurance 22,989.00
Dep. 67,865.69
Fin. Charges 39,436.45 20% 42,046.00 8,409.00 55,673.00 11,135.00 11,980.00 2,396.00 91,692.97 18,339.00 230,442.14 46,088.43

2 Conveyance 40,062.00 20% 30,653.00 6,131.00 31,765.00 6,353.00 30,555.00 6,111.00 27,089.00 5,418.00 120,062.00 24,013.00

3 Travelling 8,132.00 5% 17,454.00 873.00 15,678.00 784.00 12,741.00 637.00 12,259.00 613.00 58,132.00 2,907.00

4 Telephone 36,700.00 20% 3,050.00 610.00 7,997.00 1,599.00 10,576.00 2,115.00 15,077.00 3,015.00 36,700.00 7,339.00

5 Business / Sales Promotion 20% - - - - - - -

TOTAL 93,203.00 16,023.00 111,113.00 19,871.00 65,852.00 11,259.00 146,117.97 27,385.00 445,336.14 80,347.43 (5,809.43) (5,809.43)

F.B.T Taxable Amount 80,347.43


F.B.T. Tax @ 30% 24,104.00
Add: Surcharges @ 10% 2,410.00
26,514.00
Add: Education Cess@ 3% 795.00
27,309.00
Date Tax Paid :-
15.06.07 Canara Bank, R. K. Puram, Delhi 5,000.00
15.12.07 Canara Bank, R. K. Puram, Delhi 10,000.00
15.03.08 Canara Bank, R. K. Puram, Delhi 15,000.00 30,000.00
(2,691.00)
Add:- Interest
REFUND :- 2,691.00
M/S. PLAS MECH POWER SYSTEMS (I) PVT. LTD.
A-194, MAHIPAL PUR EXTN.
NEW DELHI
Year Ended :- 31.03.2008 Status : PVT. LTD. CO.
Assessment Year :- 2008-2009 P. A. No. : AAACP1410 G

COMPUTATION OF TOTAL INCOME


INCOME FROM BUSINESS
Profit As Per Profit & Loss Account 243,257.00
Add: Items Disallowed / Considered Separately
1 Depreciation under Companies Act 179,615.00
2 Loss on Sale of Car 110,454.00
Less : Item Allowed Under Income Tax Act
Depreciation under Income Tax Act 149,423.76
Rent Received 655,918.00 805,341.76 (272,015.76)
INCOME FROM HOUSE PROPERTY
Rent 655,918.00
Less : Deduction @ 30% 196,775.00 459,143.00

TOTAL INCOME :- 187,127.24


ROUNDED OFF :- 187,130.00

Tax Payable 56,139.00


Add : Surcharge - 10% 0.00
56,139.00
Add : Ecess - 3% 1,684.00
57,823.00

Tax Paid
T.D.S. ( As per details attached) 43,197.00
Payable 14,626.00
Add: Inerest 1,463.00
16,089.00
Less : Self Assessment Challan Paid 17,000.00
911.00

CALCULATION UNDER SECTION 115 JB OF INCOME TAX ACT


BOOK PROFIT AS PER PROFIT AND LOSS ACCOUNT 243,257.00

Tax Payable @ 10% 24,326.00


Add : Surcharge @ 10% 2,433.00
26,759.00
Add : E.cess @ 3% 803.00
TAX PAYABLE :- 27,562.00
ANNEXURE
PART-A
1 Name of the Assessee : PLAS MECH POWER SYSTEMS (I) PVT. LTD.
NEW DELHI
2 Address : A-194, MAHIPALPUR EXTENSION,
NEW DELHI-110037.
3 Permanent Account Number : AAACP-1410-G

4 Status : Private Limited Company

5 Previous Year ended : 31 March,2008

6 Assessment Year : 2008-2009

PART-B

Nature of Business CODE 0 1 2 4

Current Year Previous Year


Sr. No. PARTICULARS 31.03.2008 31.03.2007
Rs. Rs.

1 Paid-up share capital / capital of partner/proprietor 630,000.00 630,000.00

2 Share Application Money / Current Account of Partner


of Proprietor, if any, NIL NIL

3 Reserves and Surplus / Profit & Loss Account 866,403.00 866,403.00

4 Secured loans 1,920,605.00 1,920,605.00

5 Unsecured loans 305,041.00 305,041.00

6 Current liabilities and provisions 2,756,570.00 2,756,570.00

7 Total of Balance Sheet 3,941,784.00 3,941,784.00

8 Gross turnover / gross receipts 7,740,969.00 7,740,969.00

9 Gross profit 2,165,790.00 2,165,790.00

10 Commission received NIL NIL

11 Commission paid 178,370.00 178,370.00

12 Interest received 600.00 600.00

13 Interest paid 3,650.00 3,650.00

14 Depreciation as per books of account 183,729.00 183,729.00

15 Net Profit (or loss) before tax as per P & L A/c 246,998.00 246,998.00

16 *Taxes on income paid / provided for in the books 45,226.00 45,226.00

* As per Computation of Total Income. FOR : M/S VIRENDER K. GUPTA & CO.,
CHARTERED ACCOUNTANTS,

Place ……………………………..
(V.K. GUPTA)
Date ………………………………. PARTNER
M. NO. 080585
PLAS MECH POWER SYSTEMS INDIA PVT. LTD. : NEW DELHI
SCHEDULES FORMING PART OF THE PROFIT AND LOSS ACCOUNT

Year Ended Year Ended


31.03.2008 31.03.2007

SCHEDULE 8-INCOME FROM OPERATIONS


Sales 4,052,919 -
Work Contracts 451,456 7,698,969
Service Charges 1,000 42,000
4,505,375 7,740,969

SCHEDULE 9- OTHER INCOME


Interest Received 11,294 600
Rounded Off 262 -
Rent 655,918 126,000
667,474 126,600

SCHEDULE 10- INCREASE/DECREASE IN STOCK


Closing Stock 576,339 522,080
Less : Opening Stock 522,080 740,321
54,259 (218,241)

SCHEDULE 11- MATERIAL COST


Purchases 2,998,642 4,519,200
2,998,642 4,519,200

SCHEDULE 12- STAFF COST


Employer Contribution to ESIC 16,025 17,071
Wages & Salary Expenses 336,763 436,213
352,788 453,284

SCHEDULE 13- DIRECT EXPENSES


Cartage 3,372 -
Consumable Stores 725 16,914
Factory Rent 79,200 -
Job Work - 335,621
Electricity & Water Charges 42,970 48,990
126,267 401,525

PLAS MECH POWER SYSTEMS INDIA PVT. LTD. : NEW DELHI

Schedules forming part of the Profit and Loss Account


Year Ended Year Ended
31.03.2008 31.03.2007
SCHEDULE 14- OTHER EXPENSES
Accounting Charges 18,000 18,000
Advertisement & Publicity Expenses 28,896 58,295
Auditor's Remunaration
Audit Fees 8,500.00
Tax Audit Fees 2,000.00
Taxation Matter 4,000.00
F.B.T. 2,500.00
Service Tax 2,101.00 19,101 24,686
Financial Charges 143,050 149,171
Books & Periodicals 2,077 2,533
Conveyance & Travelling Expenses 178,194 183,041
Commission on Sales - 178,370
Director's Hon. Expenses 348,000 348,000
Filing Fee 1,900 3,000
Freight & Forwarding Charges - 26,922
Insurance Expenses 31,704 29,836
Interest Paid (FBT) - 3,650
Legal & Professional Charges 2,000 4,000
Loss on Sale of Car 110,454
Office Expenses - 2,029
Office Rent Expenses 171,000 79,200
Postage, Courier, Telephone & Fax Expenses 41,548 46,695
Printing & Stationery Expenses 24,876 24,620
Repair & Maintenance Expenses 40,161 19,485
Salary Expenses - -
Sales Promotion Expenses - 3,198
Sales Tax - 215,961
Service Tax - 166,302
Short & Excess - 193
Staff Welfare Expenses 48,567 46,249
Tender Fee - 11,905
Vehicle Running & Maintenance Expenses 117,011 199,251
1,326,539 1,844,592
TRIAL BALANCE Delhi H.O. Total
( As on 31-03-2008 ) ( As on 31-03-2008 )

Group : Capital Account


Share Capital 630000.00 0.00 630000.00
Total 0.00 630000.00 0.00 630000.00

Group : Cash-in-Hand
Cash 9528.00 9528.00 0.00
Total 9528.00 0.00 9528.00 0.00

Group : Cash-at-Bank
Canara Bank 0.00 0.00
Total 0.00 0.00 0.00 0.00

Group : Expenses (Direct/Mfr.)


Cartage Expenses 3372.00 3372.00 0.00
Consumable Expenses 725.00 725.00 0.00
Factory Rent Expenses 79200.00 79200.00 0.00
Service Charges Paid 0.00 0.00
Water & Electricity Expenses 42970.00 42970.00 0.00
Total 126267.00 0.00 126267.00 0.00

Group : Staff Cost


Accounting Charges 18000.00 18000.00 0.00
E.S.I.C. 16025.00 16025.00 0.00
Wages & Salary Expenses 336763.00 336763.00 0.00
370788.00 0.00 370788.00 0.00

Group : Financial Cost


Bank Charges 11005.00 11005.00 0.00
Bank Interest 36592.00 36592.00 0.00
Finance Charges 39436.45 39436.45 0.00
Interest Paid to H F C 56017.00 56017.00 0.00
143050.45 0.00 143050.45 0.00

Group : Conveyance Expenses


Car Hiring Charges 0.00 0.00
Conveyance Expenses 120062.00 120062.00 0.00
Travelling Expenses 58132.00 58132.00 0.00
178194.00 0.00 178194.00 0.00

Group : Postage, Courier, Telephone & Fax Expenses


Postage & Courier Expenses 4848.00 4848.00 0.00
Telephone Expenses 36700.00 36700.00 0.00
41548.00 0.00 41548.00 0.00

Group : Repair & Maintenace Expenses


Repair & Maintenance 40161.00 40161.00 0.00
40161.00 0.00 40161.00 0.00

Group : Sales Tax Expenses


Sales Tax Expenses 0.00 0.00
Works Contract Tax 0.00 0.00
0.00 0.00 0.00 0.00
Group : Expenses (Indirect/Admn.)
Advertisement & Publicity 28896.00 28896.00 0.00
Audit Fees 19101.00 19101.00 0.00
Books & Periodicals 2077.00 2077.00 0.00
Charity & Donations 0.00 0.00
Commission on Sales 0.00 0.00
Director's Hon. Expenses 348000.00 348000.00 0.00
Depreciation 179615.00 179615.00 0.00
Frienge Banefit Tax 31670.00 31670.00 0.00
Filing Fee 1900.00 1900.00 0.00
Freight & Forwarding Charges 0.00 0.00
Insurance Expeses 31704.00 31704.00 0.00
Interest Paid(FBT) 0.00 0.00
Legal & Professional Charges 2000.00 2000.00 0.00
Loss on sale of car 110454.00 110454.00 0.00
Office Expenses 0.00 0.00
Office Rent 171000.00 171000.00 0.00
Packing Expenses 0.00 0.00
Printing & Stationery 24876.00 24876.00 0.00
Service Tax 0.00 0.00
Sales Promotion Expenses 0.00 0.00
Short & Excess 0.00 0.00
Staff Welfare Expenses 48567.00 48567.00 0.00
Tender Fee 0.00 0.00
Vehicle Running & Manintenance 117011.00 117011.00 0.00
Total 1116871.00 0.00 1116871.00 0.00

Group : Fixed Assets


Air Conditioner 194543.00 194543.00 0.00
Building A/c 1492764.00 1492764.00 0.00
Close Circuit T.V. 2757.00 2757.00 0.00
Computer 28685.00 28685.00 0.00
Cycle 996.00 996.00 0.00
E.P.A.B.X. 3304.00 3304.00 0.00
Fan 1852.00 1852.00 0.00
Furniture & Fixture 131187.00 131187.00 0.00
Generator 20656.00 20656.00 0.00
Inverter 5409.00 5409.00 0.00
Motor Car Maruti Baleno 390447.00 390447.00 0.00
Motor Car Tata Indigo 0.00 0.00
Office Equipments 66492.00 66492.00 0.00
Plant & Machinery 48679.00 48679.00 0.00
Refridgerator 17845.00 17845.00 0.00
Scooter 1537.00 1537.00 0.00
Television 10280.00 10280.00 0.00
Tools 3685.00 3685.00 0.00
Water Purifier 3364.00 3364.00 0.00
Total 2424482.00 0.00 2424482.00 0.00

Group : Income (Others)


Rent Received 655918.00 0.00 655918.00
Rounded Off 262.22 0.00 262.22
Interest Recd 11294.00 0.00 11294.00
Total 0.00 667474.22 0.00 667474.22

Group : Loans & Advances (Asset)


LST Recoverable 0.00 0.00
Prepaid Expenses 4812.00 4812.00 0.00
TDS 252443.00 252443.00 0.00
Infonics Systems 0.00 0.00
Sehmbi Electro Controls 0.00 0.00
Total 257255.00 0.00 257255.00 0.00

Group : Securities & Deposits (Asset)


Margin Money Deposit 2000.00 2000.00 0.00
Earnest Money 0.00 0.00 0.00
Security Deposit-Haryana Vidyut Prasaran 28125.00 28125.00 0.00
Telephone Security 3000.00 3000.00 0.00
Rent Security 1000.00 1000.00 0.00
Security Deposit 7225.00 7225.00 0.00
Total 41350.00 0.00 41350.00 0.00

Group : Profit & Loss


Profit & Loss 866403.13 0.00 866403.13
Total 0.00 866403.13 0.00 866403.13

Group : Provisions/Expenses Payable


Deffered Tax Liability 219735.00 0.00 219735.00
Provision for Income Tax 0.00 0.00 0.00
Director Hon. Payable 167707.00 0.00 167707.00
Expenses Payable 0.00 0.00
Amit Goel 31608.00 0.00 31608.00
Accounting Charges Payable 3000.00 0.00 3000.00
Telephone Expenses 4945.00 0.00 4945.00
Deposit from Secure Meters Ltd. 120000.00 0.00 120000.00
Electricity & Water Expenses 2990.00 0.00 2990.00
Virender Kr. Gupta & Co. 44118.00 0.00 44118.00
Courier Charges Payable 1115.00 0.00 1115.00
E.S.I. Payable 1741.00 0.00 1741.00
VAT Payable 2010.00 0.00 2010.00
Finance Charges Payable 1254.85 0.00 1254.85
Interest Payble to HFC 8893.00 0.00 8893.00
Salary Payable 26280.00 0.00 26280.00
Total 0.00 635396.85 0.00 635396.85

Group : Purchase
Purchase 2998642.40 2998642.40 0.00
Total 2998642.40 0.00 2998642.40 0.00

Group : Sale
Sales 4052919.04 0.00 4052919.04
Stock Transfer 0.00 0.00
Work Contract Sales 451456.11 0.00 451456.11
Service Charges Recd. 1000.00 0.00 1000.00
Total 0.00 4505375.15 0.00 4505375.15

Group : Loans (Liability)


Group : Secured Loans
Haryana Finance Corpn. 335000.00 0.00 335000.00
ICICI Bank 162514.60 0.00 162514.60
Canara Bank Term Loan 195161.00 0.00 195161.00
Canara Bank Cash Credit 152997.50 0.00 152997.50
Total 0.00 845673.10 0.00 845673.10

Group : Unsecured Loans


- From Direcotors
C.K. Goel 176755.00 0.00 176755.00
0.00 176755.00 0.00 176755.00
-From Others
Aruna Gupta 26840.00 0.00 26840.00
B.D. Gupta 0.00 0.00
Pradeep Kumar 35247.00 0.00 35247.00
Rajeev Pandey 0.00 0.00
Shivani Goel 12799.00 0.00 12799.00
Surabhi Pandey 0.00 0.00
Total 0.00 74886.00 0.00 74886.00

Group : Stock-in-Hand
Stock 522080.00 522080.00 0.00
Total 522080.00 0.00 522080.00 0.00

Group : Sundry Creditors


Aman International 44041.40 0.00 44041.40
Care Professional Services Pvt. Ltd. 2500.00 2500.00 0.00
Fusion Power Systems 154575.00 0.00 154575.00
Gayatri Industry 1000.00 0.00 1000.00
R.B. Printers 3395.00 0.00 3395.00
Reliable Trading Corpn 139695.00 0.00 139695.00
Sanjay Sales Corpn 1549.00 0.00 1549.00
Securitas Engineers 111341.00 111341.00
Techno Mech Sales 23625.00 0.00 23625.00
True Line Power Products 72000.00 0.00 72000.00
Unilab Power Systems 29059.00 0.00 29059.00
Urmila Goel-Current A/c 79600.00 0.00 79600.00
Valucom Systems 35368.00 35368.00 0.00
Total 37868.00 659880.40 37868.00 659880.40

Group : Sundry Debtors


AD Fashions Resources Co. Pvt. Ltd. 6953.00 6953.00 0.00
Airport Authority Of India 4798.00 4798.00 0.00
Crew BOS Product Pvt.Ltd. 23400.00 23400.00 0.00
Delhi International Airport P. Ltd. 6469.00 6469.00 0.00
Global Exports 2884.00 2884.00 0.00
Hotel Nikko Metropolitan 77203.00 77203.00 0.00
Intercontinental Eros 7425.00 7425.00 0.00
Jaypee Vasant Continental 20250.00 20250.00 0.00
Kendriya Bhandar 40229.00 40229.00 0.00
Magppie International Ltd 14288.00 14288.00 0.00
MTNL 276431.00 276431.00 0.00
Musashi Auto Parts India Pvt. Ltd. 14832.00 14832.00 0.00
Octopus Power Solutions Pvt. Ltd. 177973.00 177973.00 0.00
Orient Clothing Co. Pvt. Ltd. 17607.00 17607.00 0.00
Radnik Exports 2869.00 2869.00 0.00
Rasandik Engineering Industries Ltd.-1 26317.00 26317.00 0.00
Sai Caterars & Bakers 5356.00 5356.00 0.00
Shama International P. Ltd. 12315.00 12315.00 0.00
Super Bazar 10249.00 10249.00 0.00
Tets - N- Rai 642.00 642.00 0.00
Vee Electricals 5270.00 5270.00 0.00
Total 753760.00 0.00 753760.00 0.00

Branchs/Divisions
Delhi H.O. 0.00 0.00
Kota Branch 0.00 0.00
Shimla Branch 0.00 0.00
Total 0.00 0.00 0.00 0.00
Grand Total 9061844.85 9061843.85 9061844.85 9061843.85
-1.00 1.00
Total
( As on 31-03-2008 )

0 630000
0 630000

9528 0
9528 0

0 0
0 0

3372 0
725 0
79200 0
0 0
42970 0
126267 0

18000 0
16025 0
336763 0
370788 0

11005 0
36592 0
39436 0
56017 0
143050 0

0 0
120062 0
58132 0
178194 0

4848 0
36700 0
41548 0

40161 0
40161 0

0 0
0 0
0 0

28896 0
19101 0
2077 0
0 0
0 0
348000 0
179615 0
31670 0
1900 0
0 0
31704 0
0 0
2000 0
110454 0
0 0
171000 0
0 0
24876 0
0 0
0 0
0 0
48567 0
0 0
117011 0
1116871 0

194543 0
1492764 0
2757 0
28685 0
996 0
3304 0
1852 0
131187 0
20656 0
5409 0
390447 0
0 0
66492 0
48679 0
17845 0
1537 0
10280 0
3685 0
3364 0
2424482 0

0 655918
0 262
0 11294
0.00 667474.00

0 0
4812 0
252443 0
0 0
0 0
257255 0

2000 0
0 0
28125 0
3000 0
1000 0
7225 0
41350 0

0 866402
0 866402

0 219735
0 0
0 167707
0 0
0 31608
0 3000
0 4945
0 120000
0 2990
0 44118
0 1115
0 1741
0 2010
0 1255
0 8893
0 26280
0 635397.00

2998642 0
2998642 0

0 4052919
0 0
0 451456
0 1000
0 4505375

0 335000
0 162515
0 195161
0 152998
0 845674

0 176755
0 176755

0 26840
0 0
0 35247
0 0
0 12799
0 0
0.00 74886.00

522080 0
522080 0

0 44041
2500 0
0 154575
0 1000
0 3395
0 139695
0 1549
111341
0 23625
0 72000
0 29059
0 79600
35368 0
37868 659880

6953 0
4798 0
23400 0
6469 0
2884 0
77203 0
7425 0
20250 0
40229 0
14288 0
276431 0
14832 0
177973 0
17607 0
2869 0
26317 0
5356 0
12315 0
10249 0
642 0
5270 0
753760 0

0 0
0 0
0 0
0 0
9061844.00 9061843.00
1.00
PLAS MECH POWER SYSTEMS (I) PVT. LTD. : NEW DELHI
BALANCE SHEET AS ON 31.03.2008

PARTICULARS Schedule As at
31st March' 08
I. SOURCES OF FUNDS

1. Shareholder's Fund
Share Capital 1 630,000
Reserve & Surplus 2 1,033,585
1,663,585
2. Loans 3
Secured Loan 845,674
Unsecured Loan 251,641
1,097,315

3. Deffered Tax Liability 4 210,678

Grand Total 2,971,578

II. APPLICATION OF FUNDS

1. Fixed At Assets 5
Gross Block 3,255,986
Less : Accumalated Depreciation 831,504
Net Fixed Assets 2,424,482

2. Current Assets, Loan and Advances 6


Stock in Trade 576,339
Sundry Debtors 753,760
Cash and Bank Balances 9,528
Loan & Advances 368,143
1,707,770
Less : Current Liabilities & Provisions 7
Current Liabilities 1,075,542
Provisions for Income Tax 85,132
1,160,674

Net Cureent Assets 547,096

Grand Total 2,971,578


Note:- -
Refer to notes attached to and forming part of Balance Sheet
and Profit & Loss Account 15

As per our Audit Report of even date attached For and behalf of the Board of Directors
for VIRENDRER K. GUPTA & CO.
(Chartered Accountants)

(V.K. Gupta)
Membership No.80585 (C.K. Goel) Urmila Goel) (Pankaj Goyal)
Partner Managing Director Director Manager (Accounts)
Place : New Delhi
Date :
W DELHI

(Amount is Rs.)
As at
31st March' 07

630,000
866,403
1,496,403

1,920,605
305,041
2,225,646

219,735

3,941,784

3,403,225
782,642
2,620,583

522,080
2,238,219
41,204
1,276,268
4,077,771

2,640,689
115,881
2,756,570

1,321,201

3,941,784

Board of Directors

Goel) (Pankaj Goyal)


or Manager (Accounts)
PLAS MECH POWER SYSTEMS (I) PVT. LTD. : NEW DELHI
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 ST MARCH 2008
(Amount is Rs.)
Particulars Schedule Year ended Year ended
31st March,08 31st March,07

I. Income
a. Income from Operations 8 4,505,375 7,740,969
b. Other Income 9 667,474 126,600
c. Increase/decrease in stock in trade 10 54,259 (218,241)
Total 5,227,108 7,649,328

II Expenditure
a. Material 11 2,998,642 4,519,200
b. Staff Cost 12 352,788 453,284
c. Direct Expenses 13 126,267 401,525
d. Other Expenses 14 1,326,539 1,844,592
Total 4,804,236 7,218,601

III Profit/Loss
Profit before tax & Depreciation (I-II) 422,872 430,727
Depreciation 179,615 183,729

Profit after depreciation and before tax 243,257 246,998


Frienge Benefit Tax 27,309 30,000
Provision for taxation 57,823 45,226
Provision for deferred tax (9,057) 27,471
Surplus Profit after tax 167,182 144,301

Note:-
Refer to notes attached to and forming part of Balance Sheet
and Profit & Loss Account 15

AUDITOR'S REPORT
As per our Audit Report of even date attached For and behalf of the Board of Directors
for VIRENDRER K. GUPTA & CO.
(Chartered Accountants)

(V.K. Gupta)
Membership No.80585 (C.K. Goel) (Urmila Goel) (Pankaj Goyal)
Partner Managing Director Director Manager (Accounts)
Place : New Delhi
Date :
PLAS MECH POWER SYSTEMS (I) PVT. LTD.
YEAR ENDED : 31ST MARCH 2008
DETAIL OF UNSECURED LOANS

Particulars Amount
From Direcotors
C.K. Goel 176,755
176,755
From Others
Aruna Gupta 26,840
Pradeep Kumar 35,247
Shivani Goel 12,799
Total 74,886

DETAIL OF SUNDRY DEBTORS

More than 6 months


AD Fashions Resources Co. Pvt. Ltd. 1,103
Airport Authority Of India 4,798
Octopus Power Solutions Pvt. Ltd. 150,328
Super Bazar 10,249
166,478
Others
AD Fashions Resources Co. Pvt. Ltd. 5,850
Crew BOS Product Pvt.Ltd. 23,400
Delhi International Airport P. Ltd. 6,469
Global Exports 2,884
Hotel Nikko Metropolitan 77,203
Intercontinental Eros 7,425
Jaypee Vasant Continental 20,250
Kendriya Bhandar 40,229
Magppie International Ltd 14,288
Mahanagar Telephone Nigam Ltd. 276,431
Musashi Auto Parts India Pvt. Ltd. 14,832
Octopus Power Solutions Pvt. Ltd. 27,645
Orient Clothing Co. Pvt. Ltd. 17,607
Radnik Exports 2,869
Rasandik Engineering Industries Ltd.-1 26,317
Sai Caterars & Bakers 5,356
Shama International P. Ltd. 12,315
Tets - N- Rai 642
Vee Electricals 5,270
Total 587,282
Debts due by Company in which director is a Director Rs.149,625 (Prev. year Rs. NIL)

DETAIL OF SECURITY DEPOSITS

Margin Money Deposit 2,000


Security Deposit-Haryana Vidyut Prasaran 28,125
Telephone Security 3,000
Rent Security 1,000
Security Deposit 7,225
Total 41,350
PLAS MECH POWER SYSTEMS (I) PVT. LTD. : NEW DELHI

Particulars Amount

DETAIL OF ADVANCES RECOVERABLE IN CASH/IN KIND OR VALUE TO BE RECEIVED

TDS 252,443
Frienge Benefit Tax Paid 31,670
Prepaid Expenses 4,812
Care Professional Services Pvt. Ltd. 2,500
Valucom Systems 35,368
Total 326,793

DETAIL OF SUNDRY CREDITORS

Aman International 44,041


Fusion Power Systems 154,575
Gayatri Industry 1,000
R.B. Printers 3,395
Reliable Trading Corpn 139,695
Sanjay Sales Corpn 1,549
Securitas Engineers 111,341
Techno Mech Sales 23,625
True Line Power Products 72,000
Unilab Power Systems 29,059
Urmila Goel-Current A/c 79,600
Total 659,880

DETAIL OF OTHER LIABILITIES

Amit Goel 31,608


Accounting Charges Payable 3,000
Director Hon. Payable 167,707
ESI Payable 1,741
Telephone Expenses 4,945
Electricity & Water Charges 2,990
Deposit from Secure Meter Ltd. 120,000
Virender Kr. Gupta & Co. 44,118
Courier Charges Payable 1,115
VAT 2,010
Finance Charges Payable 1,255
Interest Payable to HFC 8,893
Salary Payable 26,280
Total 415,662
PLAS MECH POWER SYSTEMS (I) PVT. LTD. : NEW DELHI
SCHEDULES FORMING PART OF BALANCE SHEET

As at As at
31.03.2008 31.03.2007
SCHEDULE 1 : SHARE CAPITAL
Authorised Capital
1,00,000 Equity shares of rs. 10/- each 1,000,000 1,000,000
1,000,000 1,000,000

Issued, subscribed and paid-up capital


63,000 Equity shares of rs. 10/- each 630,000 630,000
630,000 630,000

SCHEDULE 2 : RESERVE AND SURPLUS

Profit & Loss Appropriation Account 866,403 722,102


Add : Surplus Profit after Tax 167,182 144,301
1,033,585 866,403

SCHEDULE 3 : LOANS LIABILITY


Secured Loans
1
Haryana Finance Corporation
335,000 475,188
(Secured Against SHED, Building, Machinery their in at GURGAON
2 ICICI Bank Car Loan 162,515 464,659
3 Canara Bank Term Loan 195,161 -
3 Canara Bank Cash Credit Account 152,998 980,758
845,674 1,920,605

Unsecured Loans
From Directors 176,755 176,755
From Others 74,886 128,286
251,641 305,041

1,097,315 2,225,646

SCHEDULE 4 : DEFFERED TAX LIABILITY

Opening Balance 219,735 192,264


Add : Provision for the year (9,057) 27,471
210,678 219,735
PLAS MECH POWER SYSTEMS INDIA PVT. LTD. : NEW DELHI
Schedules forming part of the Balance Sheet
As at As at
31.03.2008 31.03.2007
SCHEDULE 6 : CURRENT ASSETS, LOANS & ADVANCES
A. CURRENT ASSETS
Stock in Trade 576,339 522,080
(As taken,valued & certified by the management)

Sundry Debtors
(Unsecured and considered good)
-More than 6 months 166,478 89,711
-Others 587,282 2,148,508
753,760 2,238,219
Cash and Bank Balances
Cash in Hand 9,528 41,204
with Canara Bank - -
9,528 41,204

1,339,627 2,801,503
B. LOANS AND ADVANCES
(Unsecured and considered good)
Security Deposits 41,350 776,750
Advances recoverable in cash or in kind or
value to be received 326,793 499,518

368,143 1,276,268

1,707,770 4,077,771

SCHEDULE 7 : CURRENT LIABILITIES AND PROVISIONS


A. CURRENT LIABILITIES
Sundry Creditors
SSI Undertakings - -
Other than SSI undertakings 659,880 2,161,246
659,880 2,161,246

Other Liabilities 415,662 479,443


1,075,542 2,640,689
B. PROVISIONS
Fringe Benefit Tax 27,309 -
Income Tax 57,823 115,881
85,132 115,881

1,160,674 2,756,570
M/S PLAS MECH POWER SYSTEMS (INDIA) PVT. LTD.
NEW DELHI
SCHEDULE OF FIXED ASSETS AS ON 31ST MARCH, 2008 "UNDER COMPANIES ACT"
Date of G R O S S B L O C K D E P R E C I A T I O N N E T B L O C K
S. NO. PARTICULARS put to use AS ON DELECTION ADDITION TOTAL AS ON FOR DELETION / TOTAL AS ON AS ON
01.04.2007 /ADJUSTMENT 31.03.2008 01.04.2007 THE YEAR ADJUSTMENT 31.03.2007 31.03.2008

1 AIR CONDITIONER Since Last Year 63,237.00 - 152,475.00 215,712.00 12,730.00 8,439.00 - 21,169.00 50,507.00 194,543.00
2 CLOSE CIRCUIT T.V. Since Last Year 5,250.00 - - 5,250.00 2,244.00 249.00 - 2,493.00 3,006.00 2,757.00
3 COMPUTER WITH ACCESSORIES Since Last Year 218,224.00 - - 218,224.00 154,165.00 35,374.00 - 189,539.00 64,059.00 28,685.00
4 E.P.B.A.X. Since Last Year 7,420.00 - - 7,420.00 3,763.00 353.00 - 4,116.00 3,657.00 3,304.00
5 FAN Since Last Year - - - - - - - -
(i) less Than 5000/- Since Last Year 8,350.00 - - 8,350.00 8,350.00 - 8,350.00 - -
(ii) Others Since Last Year 7,541.00 - - 7,541.00 5,331.00 358.00 - 5,689.00 2,210.00 1,852.00
6 FURNITURE & FIXTURE Since Last Year - - - - - - - -
(i) Less Than 5000/- Since Last Year 39,312.00 - - 39,312.00 39,312.00 - 39,312.00 - -
(ii) Others Since Last Year 33,418.00 - 137,234.00 170,652.00 33,318.00 6,147.00 - 39,465.00 100.00 131,187.00
7 MACHINES & EQUIPMENTS Since Last Year - - - - - - -
(i) Less Than 5000/- Since Last Year 6,908.00 - - 6,908.00 6,908.00 - 6,908.00 - -
(ii) Others Since Last Year 101,143.00 - - 101,143.00 47,660.00 4,804.00 - 52,464.00 53,483.00 48,679.00
8 REFRIGERATOR Since Last Year 18,800.00 - 7,235.00 26,035.00 7,058.00 1,132.00 - 8,190.00 11,742.00 17,845.00
9 SCOOTER Since Last Year 27,579.00 - - 27,579.00 23,422.00 2,620.00 - 26,042.00 4,157.00 1,537.00
10 TELEVISION Since Last Year 17,310.00 - - 17,310.00 6,208.00 822.00 - 7,030.00 11,102.00 10,280.00
11 TOOLS - - - - - - -
i.) Less Than Rs. 5,000/- Since Last Year 2,860.00 - - 2,860.00 2,860.00 - 2,860.00 - -
ii.) Others Since Last Year 23,124.00 - - 23,124.00 16,824.00 2,615.00 - 19,439.00 6,300.00 3,685.00
12 WATER PURIFIER A/C Since Last Year 5,800.00 - - 5,800.00 2,160.00 276.00 - 2,436.00 3,640.00 3,364.00
13 DIES & MOULDS Since Last Year 52,620.00 - - 52,620.00 52,620.00 - 52,620.00 - -
14 INVERTOR Since Last Year 14,869.00 - - 14,869.00 8,754.00 706.00 - 9,460.00 6,115.00 5,409.00
15 TESTING EQUIPMENTS Since Last Year 5,100.00 - - 5,100.00 5,100.00 - 5,100.00 - -
16 OFFICE EQUIPMENT Since Last Year - - - - - - -
i.) Less Than Rs. 5,000/- Since Last Year 25,652.00 - 5,024.00 30,676.00 25,652.00 5,024.00 - 30,676.00 - -
ii.) Others Since Last Year 80,587.00 - - 80,587.00 10,267.00 3,828.00 - 14,095.00 70,320.00 66,492.00
17 SHED AT GURGAON (Hartron) * Since Last Year 1,625,219.00 - - 1,625,219.00 105,964.00 26,491.00 - 132,455.00 1,519,255.00 1,492,764.00
18 Tata Indigo Car Since Last Year 449,207.00 449,207.00 - - 102,303.00 28,450.00 130,753.00 - 346,904.00 -
19 INDICA CAR Since Last Year - - - - - - - - -
20 Maruti Baleno Car Since Last Year 533,077.00 - - 533,077.00 91,988.00 50,642.00 - 142,630.00 441,089.00 390,447.00
21 Generator Since Last Year 24,750.00 - - 24,750.00 2,916.00 1,178.00 - 4,094.00 21,834.00 20,656.00
22 CYCLE Since Last Year 1,508.00 - - 1,508.00 405.00 107.00 - 512.00 1,103.00 996.00
23 Fire Extingusher Since Last Year - - - - - - - -
i.) Less Than Rs. 5,000/- Since Last Year 4,360.00 - - 4,360.00 4,360.00 - 4,360.00 - -
ii.) Others Since Last Year - - - - - - -
Figures for the Current Year :- 3,403,225.00 449,207.00 301,968.00 3,255,986.00 782,642.00 179,615.00 130,753.00 831,504.00 2,620,583.00 2,424,482.00

Figures for the Last Year :- 3,385,581.00 - 17,644.00 3,403,225.00 598,913.00 183,729.00 - 782,642.00 2,786,668.00 2,620,583.00
* Not Registered in the name of the Company. "AUDITOR'S REPORT"
NOTE :- i.) Refer notes attached to and forming part of Profit & Loss Account and Balance Sheet. "As per our Audit Report of even date annexed".
For : M/S VIRENDER K. GUPTA & CO.,
(MANAGING DIRECTOR) (DIRECTOR) (MANAGER ACCOUNTS) CHARTERED ACCOUNTANTS

(V.K. GUPTA)
PARTNER
M. NO. 80585

PLACE : NEW DELHI


DATE :

** COMPUTER WITH ACCESSORIES ***


Date
10/15/2004 1059
12/4/2004 883
1942

FAN Date
10.03.2005
31.03.2005

Indica Car
Date of Sale
06.11.2004

Office Equipment
Date
27.04.2004
19.05.2004
27.09.2004
2.2.2005

Plant & Mahcinery


Date
01.11.2004 589.52
09.02.2005 136.64
726.16
M/S PLAS MECH POWER SYSTEMS (INDIA) PVT. LTD.
NEW DELHI
YEAR ENDED : 31.03.2008
ANNEXURE FORMING PART OF 3CD
SCHEDULE OF FIXED ASSETS "ANNEXURE :- A"

S.NO. PARTICULARS RATE OF PUT TO W.D.V. AS ADDITION ADDITION DELETION TOTAL DEP. W.D.V. AS
DEP. USE ON 01.04.2007 UPTO 30.09.2007
After 30.09.2007 FOR THE YEAR ON 31.03.2008

1 AIR CONDITIONER 15% Since Last Year 31,476.04 152,475.00 - - 183,951.04 27,592.66 156,358.38
2 CLOSE CIRCUIT T.V. 15% Since Last Year 506.40 - - - 506.40 75.96 430.44
3 COMPUTER WITH PRINTER 60% Since Last Year 25,301.54 - - 25,301.54 15,180.92 10,120.62
4 FURNITURE & FIXTURE (Including Fans) 10% Since Last Year 39,624.97 137,234.00 - - 176,858.97 17,685.90 159,173.07
5 INVERTOR 15% Since Last Year 814.67 - - - 814.67 122.20 692.47
6 PLANT & MACHINERY Since Last Year
(INCLUDING MACHINERY, TOOLS, FAN, Since Last Year
& E.P.A.B.X.) 15% Since Last Year 33,873.87 33,873.87 5,081.08 28,792.79
7 REFRIGERATOR 15% Since Last Year 2,417.40 7,235.00 9,652.40 1,447.86 8,204.54
8 SCOOTER 15% Since Last Year 2,659.91 2,659.91 398.99 2,260.92
9 T.V. 15% Since Last Year 3,590.90 3,590.90 538.64 3,052.26
10 TOOLS 15% Since Last Year 4,503.93 4,503.93 675.59 3,828.34
11 WATER PURIFIER 15% Since Last Year 745.69 745.69 111.85 633.84
12 OFFICE EQUIPMENT 15% Since Last Year 42,940.17 3,524.00 1,500.00 47,964.17 7,082.13 40,882.04
13 SHED AT GURGAON (HARTRON) **** 10% Since Last Year 1,066,305.95 1,066,305.95 - 1,066,305.95
14 CAR 15% Since Last Year 660,437.96 208,000.00 452,437.96 67,865.69 384,572.27
15 CYCLE 15% Since Last Year 613.06 613.06 91.96 521.10
16 Generator 15% Since Last Year 15,647.01 - 15,647.01 2,347.05 13,299.96
17 Cellular Instrument 15% Since Last Year 20,835.20 20,835.20 3,125.28 17,709.92
TOTAL :- 1,952,294.67 300,468.00 1,500.00 208,000.00 2,046,262.67 149,423.76 1,896,838.91

NOTE 1. :- Refer notes attached to and forming part of Profit & Loss Account and Balance Sheet.
2. :- There were no adjustments in fixed Assets on account of modified value added Tax, under the Central Excise rule 1944, or on account
of any change in the rate of Currency, or on account of any subsidy or grant or reimbursement by what ever name called.

(MANAGING DIRECTOR) (DIRECTOR) (MANAGER ACCOUNTS)

"AUDITOR'S REPORT"
"As per our Audit Report of even date annexed".
For : M/S VIRENDER K. GUPTA & CO.,
CHARTERED ACCOUNTANTS

(V.K. GUPTA)
PLACE : NEW DELHI PARTNER
DATE : M. NO. 80585
M/s PLAS MECH POWER SYSTEMS (I) PVT. LTD.
NEW DELHI
YEAR ENDED 31.03.2007

DEFERRED TAX ASSETS / LIABILITIES

NOTES ON ACCOUNTS :-

Calculation of Opening Balance

Calculation of Deferred Tax for the Year 31.03.2007

Depreciation Under Income Tax Act 149,423.76

Less : Depreciation Under Companies Act 179,615.00


(30,191.24)

Tax @ 35% (9,057.37)


or say (9,057.00)

Journal Entry
provision for Deferred Tax (9,057.00)
To Profit & Loss App. A/c (9,057.00)
M/S. PLAS MECH POWER SYSTEM (INDIA) PVT. LTD.
NEW DELHI
FOR THE YEAR ENDED 31.03.2007
ANNEXURE FORMING PART OF FORM 3CD. ANNEXURE "C"
DETAILS OF PAYMENT MADE TO PERSON SPECIFIED U/S 40A(2)(b)

S.NO. PARTICULARS NATURE OF PAYMENT AMOUNT

1. Mr. C. K. Goel (Managing Director) REMUNERATION 144,000.00

2. Mrs. Urmila Goel REMUNERATION 72,000.00

3. Mr. Ashish Goel (Director) REMUNERATION 132,000.00

4. ----------DO-------- RENT 39,600.00

5. Amit Goel COMMISSION 72,995.00


460,595.00
M/s PLAS MECH POWER SYSTEMS (I) PVT. LTD.
NEW DELHI
YEAR ENDED 31.03.2007

ANNEXURE FORMING PART OF FORM NO. 3CD

DETAIL OF CONTRIBUTION TOWARDS E.S.I. ANNEXURE :-"B"

S. No. PARTICULARS EMPLOYEES' DUE DATE ACTUAL DATE MODE


DEDUCTION OF PAYMENT OF PAYMENT * OF PAYMENT

1. April 596.00 21-May-07 17-May-07 Cheque

2. May 610.00 21-Jun-07 12-Jun-07 Cheque

3. June 602.00 21-Jul-07 18-Jul-07 Cheque

4. July 570.00 21-Aug-07 11-Aug-07 Cheque

5. August 530.00 21-Sep-07 13-Sep-07 Cheque

6. September 391.00 21-Oct-07 10-Oct-07 Cheque

7. October 388.00 21-Nov-07 16-Nov-07 Cheque

8. November 386.00 21-Dec-07 14-Dec-07 Cheque

9. December 444.00 21-Jan-08 16-Jan-08 Cheque

10. January 461.00 21-Feb-08 8-Feb-08 Cheque

11. February 466.00 21-Mar-08 12-Mar-08 Cheque

12. March 470.00 21-Apr-08 8-Apr-08 Cheque

* Note :- Due date excluding 5 days of grace period as suggested by guidance note issued by the
Institute of Chartered Accountants of India.
M/S PLAS MECH POWER SYSTEMS (INDIA) PVT. LTD.
NEW DELHI
TRADING ACCOUNT FOR THE YEAR ENDED : 31ST MARCH, 2008

31.03.2007 PARTICULARS 31.03.2008 31.03.2007 PARTICULARS 31.03.2008

740,321.00 To Opening Stock 522,080.00 7,740,969.00 By Sales Less Returns 4,505,375.00


4,519,200.00 To Purchases Less Returns 2,998,642.00 522,080.00 By Closing Stock 576,339.00
401,525.00 To Direct Expenses 126,267.00
453,284.00 To Wages & Salary 352,788.00
- To Freight & Cartage
2,148,719.00 To Gross Profit 1,081,937.00

8,263,049.00 5,081,714.00 8,263,049.00 5,081,714.00

27.76% G. P. Ratio 24.01%


M/s PLAS MECH POWER SYSTEMS (I) PVT. LTD.
NEW DELHI
YEAR ENDED 31.03.2006

ANNEXURE FORMING PART OF FORM NO. 3CD ANNEXURE "E"

LIST OF LOAN/DEPOSITS ACCEPTED/TAKEN OR REPAID RS. 20000 OR MORE

S. No. NAME OF LENDER BALANCE ACCEPTED REPAID BALANCE MAXIMUM BALANCE


AS ON DURING DURING AS ON AT ANY TIME
01.04.2005 THE YEAR THE YEAR 31.03.2006 DURING THE YEAR

1. Mr. C. K. Goel 196,755.00 - 20,000.00 176,755.00 196,755.00

2. Mrs. Aruna Gupta 26,840.00 - - 26,840.00 26,840.00

3. Mr. B. D. Gupta 26,840.00 - - 26,840.00 26,840.00

4. Mr. Pradeep Kumar 35,247.00 - - 35,247.00 35,247.00

5. Mr. Rajiv Pande 23,810.00 - - 23,810.00 23,810.00

Note :- As explained by the management, No Loan or deposit was taken/accepted or repaid otherwise than by an
a/c payees cheque or Bank draft in contravention to section 269 SS or 269 T of Income Tax Act.